Bloomberg: Canada Accelerates Stablecoin Regulatory Rules Development

On October 27th, according to official channels, Reliance Global Group (Nasdaq: RELI) declared today that it has successfully completed a strategic acquisition of the Solana blockchain native token SOL. This event represents a crucial milestone in the company's digital asset reserve plan, as it broadens its asset allocation to one of the world's most rapid, highly scalable, and cost-effective blockchain networks. The inclusion of Solana in its holdings is an extension of the company's previous purchases of Bitcoin, Ethereum, Cardano, and Ripple, further advancing its strategy of constructing a diversified digital asset portfolio. This strategy has always adhered to the core principles of innovation, risk resilience, and the continuous growth of shareholder value.

On October 27th, Alan Konevsky, who serves as the CEO of the tokenized securities market platform tZero Group Inc., declared that the company intends to carry out an IPO in 2026. The company's investors encompass Intercontinental Exchange (ICE). Konevsky mentioned that the company has been engaged in discussions with bankers regarding the IPO but has not yet determined with whom to form a partnership. He also indicated that the company is simultaneously exploring pre-IPO financing. This company, having more than 50 employees, has not yet achieved profitability.

On October 27th, the AI Payment Public Chain project Kite AI announced that it has obtained strategic investment from Coinbase Ventures. According to the official information, this financing is a continuation of Kite's recent $33 million financing round, which was led by PayPal Ventures and General Catalyst. The new funds will be utilized to support the development of its proprietary AI smart agent payment infrastructure and to collaborate with Coinbase in order to accelerate the widespread adoption of the x402 protocol. It is reported that Kite has natively integrated Coinbase's x402 smart agent payment standard since its establishment. As one of the earliest Layer 1 blockchains to fully implement x402-compatible payment primitives, Kite enables AI smart agents to directly initiate, receive, and settle payments through standardized intent authorization. This has established Kite's position as a native execution and settlement layer for the x402 protocol and the emerging smart agent

On October 27th, according to official channels, Falcon Finance has now incorporated Tether's gold-backed token Tether Gold (XAUt) as the collateral asset for the minting of the USDf stablecoin. This partnership has introduced the time-honored asset, gold, into Falcon's diversified collateral ecosystem, enabling users to not only access the value-storing properties of gold but also earn sustainable DeFi-native rewards.

On October 27th, according to market intelligence, the MegaETH public offering was oversubscribed within just 5 minutes. The commitments reached over $50 million, and the valuation stood at $1 billion.

On October 27th, as monitored by Whale Alert, Circle issued an additional 250 million USDC on the Solana network at 20:56:33 Beijing time.