Solana ecosystem token STONK briefly saw its market capitalization exceed $150 million, surging 449% in 24 hours.

NVIDIA (NVDA.O)-backed clinical-stage anti-cancer drug R&D firm Iambic Therapeutics has completed its US initial public offering (IPO), raising $150 million at the midpoint of its indicative price range. Iambic issued approximately 9.38 million shares at $16 apiece. Earlier filings showed the company had set a preliminary price range of $15 to $17 per share. Based on the IPO price and total shares disclosed in the filings, the company’s market capitalization stands at $758 million. The filings also noted that Iambic uses artificial intelligence and machine learning technologies to develop new therapies, and will allocate the IPO proceeds to advance three early-stage anti-cancer drug candidates.

France has proposed imposing a 31.4% tax on transactions converted into stablecoins that meet the regulatory requirements of the Markets in Crypto-Assets (MiCA), with the measure set to take effect in January 2027.

According to HTX market data, Bitcoin has fallen 2.02% in 24 hours, currently trading at $81,480 and approaching the lower edge of its recent trading range. While cryptocurrency analysts have largely turned bullish, Bitcoin remains weighed down by a broader pullback in risk assets. As the largest crypto asset by market capitalization, Bitcoin is trading near $81,700. Due to higher-than-expected inflation data and renewed selling pressure on chipmaker stocks, market interest in speculative trading has cooled, dragging down the crypto market. The Nasdaq 100 index dropped 2%, and the U.S. dollar rose to its highest level since May 2025. After September’s consumer price growth hit a new high since April, traders have further increased bets on the Federal Reserve continuing to raise interest rates. According to BIT (bit.com) market data, U.S. stocks closed on Wednesday: the Dow Jones fell 0.09%, the S&P 500 dropped 1.1%, and the Nasdaq declined 1.88%. Micron Technology (MU.O) fell 4%, SK Hynix (SKHY.O) slid 6%, NVIDIA (NVDA.O) dropped 3%, Coreweave (CRWV.O) plunged over 15%, and Dell (DELL.N) fell more than 11%.

VanEck has requested the U.S. Securities and Exchange Commission (SEC) to withdraw the previously filed registration statement for its Lido Staked Ether ETF, and noted it no longer plans to move forward with launching the product. The asset manager originally submitted the S-1 registration document on October 16, 2025, but did not disclose the specific reason for the withdrawal. VanEck added that no shares have been issued or sold under the registration statement, and no such shares will be issued or sold in the future.

According to the UK's Financial Times, the United States is considering unfreezing some Russian assets to resume Ukraine peace talks.

Coinbase announced that after the close of U.S. stock trading on Thursday, October 29, 2026, it will release its third-quarter 2026 financial results and related materials on its investor relations website. The company will host a live Q&A session on X at 2:00 PM Pacific Time that day, which will also be streamed live on YouTube. Post-Q&A, the event replay and transcript will be available on Coinbase’s investor relations site.