BNY, formerly Bank of New York Mellon, and Citadel Securities have completed a triparty repurchase agreement transaction using tokenized U.S. Treasurys. Citadel Securities bought a two-year U.S. Treasury through BNY on the Tradeweb platform, with the tokenized form of the security recorded on BNY’s private digital ledger, and settlement was completed within minutes. Citadel Securities then raised funding through an overnight triparty repo using the Treasury as collateral, while BNY provided the cash. BNY also announced plans to roll out digital cash and deposit token functions to support on-chain settlement…

Most stock token trading on Solana and BNB Chain takes place outside regular U.S. stock market hours, Cointelegraph reported. Data showed that more than 70% of stock token trading volume on BNB Chain occurred outside U.S. trading hours, compared with 63% on Solana and 60% on Base. Cointelegraph said the figures suggest investors are not simply mirroring activity during regular market hours, but are using stock tokens to trade when traditional U.S. exchanges are closed. The outlet added that 24-hour trading is emerging as one of stock tokens’ biggest advantages.…

Whale Alert reported that 247,998,274 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $248 million. Source: Coinness

Large loans on crypto lending platforms are surging, as USDT borrowing backed by more than $10 million in Bitcoin collateral rose 83% over the past month, CryptoQuant CEO Ki Young Ju said on X, citing CoinRabbit data. Ki said whale investors are borrowing funds against Bitcoin to buy more cryptocurrencies or other assets, suggesting they are leaning more toward further upside than betting on an additional market drop, while risk appetite for volatile assets has expanded. Source: Coinness

Strategy founder Michael Saylor said in an interview with Bloomberg that the current Bitcoin bull market is just getting started. Saylor added that Bitcoin has risen 25% after a modest rebound from just below its 200-week moving average, and said bank adoption of Bitcoin and tokenized securities will trigger the next sharp upswing. Source: Coinness

Kalshi has asked the Sixth U.S. Circuit Court of Appeals to rehear a ruling that allowed state gambling laws to be enforced against sports prediction contracts, CoinGape reported. On Sept. 25, a three-judge panel of the Sixth Circuit found Kalshi had not presented sufficient grounds to have its sports prediction contracts recognized as swaps. The panel therefore upheld a decision denying Ohio’s request for an injunction and lifted an injunction against Tennessee regulators. Source: Coinness

Mastercard has announced the launch of Open USD, or OUSD, a Solana-based stablecoin aimed at shortening cross-border payment times and improving opaque transaction fee structures, Crypto Briefing reported. Visa, Coinbase, Stripe, and Shopify are participating in the project as partners, according to the report. Source: Coinness

Bitcoin could face additional selling pressure as short-term holders take profits and market liquidity weakens, according to an AMBCrypto analysis. The outlet said about 86% of the Bitcoin sent to exchanges in early October came from short-term holders sitting on gains, signaling some recent buyers may move to lock in profits. If selling outweighs buying demand, routine profit-taking could turn into heavier selling pressure, it said. AMBCrypto added that more investors moved into profit after September’s price recovery, while average daily trading volume in the spot market and U.S. spot…

Nasdaq-listed Super League bought its first BTC for $83,041.40 on Oct. 10, according to Crypto Briefing, which cited an SEC Form 8-K filing disclosed by the company on Oct. 13. The company said it is considering Bitcoin as a treasury asset to hold alongside cash, but it has not made an official announcement confirming a broader purchase plan. In August, Super League signed an investment agreement with Metaplanet, a Japan-listed company focused on a Bitcoin accumulation strategy, tied to the launch of U.S. Bitcoin treasury platform Superplanet. Once the third-party…

John Williams, president of the Federal Reserve Bank of New York, said one additional interest rate hike this year would be appropriate. Williams said the rationale for a September rate increase starts with risk management. Source: Coinness

Base has launched Earn & Borrow, a program offering stablecoin yield and crypto-backed lending solutions for platforms. Through the program, Base can provide eligible users with variable-rate stablecoin yields and crypto-collateralized loans using its own infrastructure and third-party lending markets. Returns for users who deposit stablecoins such as USDC are generated mainly from loan interest paid by borrowers who post excess collateral. The program is compatible with lending protocols including Morpho and Aave, and the average yield on USD stablecoins in Base lending markets is 4.45%, excluding incentives. Source: Coinness