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Backpack Enters Strategic Cooperation with South Korea’s SK Securities, Will Open South Korean Stock Trading to Qualified Investors

51 minutes ago

Backpack has announced a strategic partnership with South Korea’s SK Securities, with plans to provide eligible investors access to South Korean stock trading via the Backpack app. The collaboration leverages SK Securities’ institutional capabilities in South Korea’s capital markets and Backpack’s global reach. Backpack stated that this move builds on its existing U.S. equities securities platform, while also laying the groundwork for collaboration in the tokenized securities and real-world assets sectors, aiming to connect mature capital markets with blockchain financial infrastructure.

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Hassett: The Federal Reserve may take action if October inflation is indeed high.

White House National Economic Council Director Hassett: If October inflation is indeed high, the Federal Reserve may take action.

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Stellar Development Foundation makes a strategic investment in Marketnode to expand institutional tokenized real-world assets (RWA) in the Asia-Pacific region.

Stellar Development Foundation (SDF) announced a strategic investment in Asia-Pacific digital market infrastructure operator Marketnode, aiming to expand institutional investors’ access to tokenized real-world financial assets on the Stellar network. Backed by entities including Euroclear, HSBC, Singapore Exchange Group and Temasek, Marketnode covers the issuance, distribution and servicing of funds, credit and structured products, connecting asset managers, issuers, distributors and qualified investors.

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The Cysic cross-chain bridge has been restored, and approximately 7.2 million CYS tokens have been permanently burned on BNB Chain.

Cysic has announced that its cross-chain bridge has fully recovered following the security incident, allowing users to resume bridging CYS between the Cysic mainnet and other supported chains. A total of 7,200,002 CYS tokens have been permanently burned on BNB Smart Chain. On October 17, an attacker exploited a vulnerability in the cross-chain bridge’s message processing to mint 10 million CYS tokens without authorization. The attacker then sold approximately 7.2 million tokens and transferred around $727,000 in proceeds to Ethereum. Cysic subsequently suspended bridging services and blacklisted the attacker’s address to freeze the remaining ~2.8 million CYS. The project confirmed that assets in the mainnet and user wallets were unharmed. The foundation previously announced plans to burn ~7.2 million CYS from reserves to offset the unauthorized minting and recalibrate token economics, and two burn transactions have now been completed.

7 minutes ago

A crypto whale went long on Google positions worth $14.3 million, with an average entry price of $283.01.

According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0xab9…219e6 opened a 20x long position in GOOGL (Google) 40 minutes ago. It currently holds 50,000 GOOGL units valued at $14.3 million, with an average entry price of $283.01, and has an unrealized profit of $154,000. The address closed its long position in MU just 19 hours ago, earning $1.637 million, pushing its total account profit to over $2.03 million.

7 minutes ago

Bitcoin crosses $81,000, up 0.4% in the past 24 hours.

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Uniswap Labs opens its fee redemption tool TJAR to applications, with Robinhood as its first partner.

Uniswap Labs announced it is opening Token Jar, its former protocol fee management tool, as an open-source utility called TJAR to third-party applications, with Robinhood serving as the first integrated partner. Apps can deposit cross-chain collected fee tokens into Token Jar, where searchers compete to convert them, and the application automatically receives its selected token. Token Jar recorded over $15.3 million in conversion volume in September. For its own operations, Uniswap uses UNI for payments and sends tokens to a burn address; other applications can choose their own receiving token and address. Robinhood has already used TJAR for fees collected via the Uniswap API on its supported chains, converting the fees to USDC and USDG. TJAR is now live on seven blockchains, with developers able to access its code, deployment addresses, and audit reports. The Uniswap DAO can set an optional protocol fee for TJAR, which has not been charged to date. The two parties have a prior collaboration: Uniswap’s trading protocol is deployed on Robinhood Chain, and its web app, wallet, and API also support Robinhood’s stock tokens.

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