Stock-token cumulative trading volume on the Robinhood Chain DEX has reached $15 billion more than 100 days after the launch of Robinhood Chain, an Arbitrum-based Ethereum layer-two network, The Defiant reported. Robinhood Crypto, Robinhood’s crypto unit, said more than 190 stock tokens have launched on Robinhood Chain and the number of holders has surpassed 200,000 across more than 120 countries. Total cumulative DEX volume across the network exceeded $99 billion. Over the past seven days, however, total network DEX volume fell 30.47% from a week earlier to $6.27 billion. Source:…

South Korean crypto exchange Bithumb has raised its share of trading value into the 30% range as it chases Upbit, but large holders with more than 1 billion won in crypto assets remain concentrated on Upbit, News1 reported. According to data submitted by South Korea’s five largest crypto exchanges to the office of Democratic Party lawmaker Park Min-kyu of the National Policy Committee of the National Assembly, a total of 3,979 users held more than 1 billion won ($736,000) in crypto assets as of August and September this year. Of…

CryptoQuant CEO Ki Young Ju said U.S. stocks continue to reach fresh highs even as analysts blame a deteriorating macroeconomic environment. Source: Coinness

Family offices are showing interest in private cryptocurrency investments, but do not necessarily want token launches, OneAsset CEO Sonia Shaw said at Cointelegraph Connect in Singapore. Shaw added traditional finance investors are more familiar with equity-based investments and place greater importance on whether a project can prove real value than on whether it issues a token. Source: Coinness

A buy-the-dip strategy could be valid if Bitcoin falls further, Russell Thompson, chief investment officer at digital asset investment firm Hilbert Group, said in an interview with Crypto Briefing. Thompson said the $80,000-$81,000 range could serve as first support from a technical perspective, while a trendline around $77,000 could act as second support. He added that Bitcoin would need to break above $87,000, the top of its recent range, to confirm a clear bullish reversal. If it closes above that range ceiling on a daily basis, BTC could rise to…

Alek­sandr Nechaev, a partner investor at crypto investment firm FundersVC, said at Cointelegraph Connect in Singapore that the founding team can matter more than the product when investing in early-stage cryptocurrency projects. Nechaev added that products and market conditions change quickly, making founders’ expertise and execution capabilities a key factor in investment decisions. Source: Coinness

Tempo, a blockchain project backed by global payments infrastructure company Stripe, said a proposed U.S. accounting standards revision could accelerate corporate stablecoin adoption, according to Cointelegraph. In its latest report, Tempo said the proposal from the Financial Accounting Standards Board, or FASB, could remove a key barrier that has held back corporate stablecoin adoption. If implemented, qualifying stablecoins could be classified as cash equivalents on financial statements, which would make them more useful for corporate treasury management and operations, Tempo said. FASB plans to collect public comments on the proposal…

Aksel Kibar, an analyst formerly with National Bank of Abu Dhabi, warned Bitcoin could see further losses as its recent rebound appears to be losing momentum, according to Finbold. Kibar said BTC could reenter a liquidity-heavy zone with downside open to $60,000 unless Bitcoin reclaims support at $82,800 and shows strong upside momentum. Kibar added the recent move looks weaker in momentum than past bullish breakout candles. According to CoinMarketCap, BTC was trading at $82,370, down 1.7%, at the time of writing. Source: Coinness

The put-call ratio in Bitcoin options set to expire on Oct. 16 on Deribit, the world’s largest cryptocurrency options exchange, stood at about 1.43, indicating put open interest was roughly 43% higher than call open interest, CryptoSlate reported. As of Oct. 12, the total notional value of put options with strike prices between $76,000 and $80,000 was $451 million, accounting for about 35% of all options tied to that expiry. CryptoSlate said the concentration in put options suggests traders are concerned about additional selling pressure. The outlet added put open…

Pulkit Gupta of crypto investment firm Nomad Capital said the era of cryptocurrency projects launching tokens, making quick profits and then leaving the market is coming to an end, Cointelegraph reported from Cointelegraph Connect held recently in Singapore. Gupta added founders need to move away from launching projects in bull markets, realizing gains and then exiting, and instead build business plans with a two- to five-year horizon. Source: Coinness

Saudi Arabia has issued an early warning related to a hostile threat targeting the capital, Riyadh. Source: Coinness