24H Trending Coins and News | Fed Holds Rates Steady but Two Officials Favor a Hike; Strategy Shareholders Approve Daily Dividend Proposal with 99.3% in Favor (October 29)

1. Top Trending Coins on CEX

Top 10 CEX Trading Volume and 24-Hour Price Change:

• BTC: +0.62%
• ETH: +0.54%
• SOL: +1.20%
• ZEC: +0.52%
• PEPE: +10.68%
• XRP: -0.16%
• BNB: +2.07%
• NEAR: +1.28%
• SOXLB: +1.98%
• SNDKB: +4.95%

24-Hour Gainers List (Data source: OKX):

• CSPR: +25.50%
• OL: +20.76%
• xLITE: +14.40%
• BLUR: +14.10%
• xWEN: +13.60%
• BICO: +12.18%
• xVRT: +11.59%
• xSIMO: +10.84%
• PEPE: +10.73%
• xSNXX: +9.72%

24-Hour Crypto Stock Gainers List (Data source: msx.com):

• LITX: +29.97%
• SKUU: +17.86%
• AXTX: +14.74%
• LITE: +14.58%
• GAME: +13.27%
• VRT: +13.15%
• COHU: +11.16%
• AAOX: +11.04%
• CLPT: +10.53%
• VSAT: +10.24%

2. Top 2 Trending On-Chain Meme Coins (3 entries missing this issue; data source: GMGN):

• FLOAT (Solana)
• PIZZA (Robinhood)
• JAGENT (BSC)

Headlines

Fed Holds Rates Steady, Two Officials Favor 25 Basis Point Hike

The Federal Reserve decided to keep interest rates unchanged at this meeting, following a rate hike just last month. The move buys the Fed more time to assess whether further tightening is needed to prevent energy cost increases and the AI construction boom from spilling over into broader inflation. The decision holds the benchmark rate in the 3.75%–4% range and was approved by a 10-2 vote.

Fed Governor Cook and Cleveland Fed President Hammack voted against the decision, advocating for a 25 basis point hike. In the policy statement, the rate-setting committee did not significantly alter Wall Street expectations that the Fed may raise rates again at its next meeting in December. The statement said: "As additional information accumulates, the Committee will be able to assess the appropriate policy stance to ensure inflation returns to the Committee's 2% objective in a timely manner."

Strategy Shareholders Approve Daily Dividend Proposal with 99.3% in Favor

Strategy (MSTR) shareholders have approved a daily dividend proposal, with preliminary voting results showing 99.3% support. Following approval, the four preferred stock classes SSTRF, STRC, STRK, and STRD will accrue dividends on each calendar day.

Kalshi and Two Co-Founders Face 14 Criminal Charges in Utah

The Utah Attorney General's Office on Wednesday local time filed criminal charges against prediction market platform Kalshi and its co-founders Tarek Mansour and Luana Lopes Lara, totaling 14 counts including one second-degree felony, 12 third-degree felonies, and one Class A misdemeanor. The charges allege that an undercover agent placed bets on 12 sporting events through Kalshi after confirming they were located in Utah. Kalshi responded that the move "seriously oversteps authority, and Utah is clearly playing politics," and said it will contest the charges in court. Previously, the U.S. CFTC filed a lawsuit against Utah on Monday, arguing that federal law has exclusive jurisdiction over event contracts.

Industry News

DTCC Tokenization Service Goes Live, Initially Supporting 34 Securities

DTCC announced that its tokenization service has gone live, initially supporting the tokenization of 34 securities. Tokens are backed 1:1 by securities custodied by DTC, with holders enjoying the same legal rights and economic interests as the underlying securities; traditional markets and on-chain use the same CUSIP codes, and DTC-registered wallets can conduct peer-to-peer transfers around the clock. The service has built-in compliance controls with near real-time ownership tracking. Initial wallet and application partners include BitGo, Blockdaemon, Fireblocks, HashKey, Kaleido, Prometheum, Talos, Temple, and Tradeweb.

Brazil's Largest Bank Itaú Unibanco First to Launch Crypto Trading and Custody

Brazil's largest bank Itaú Unibanco has become the first bank to offer cryptocurrency trading and custody services under new regulations from Brazil's central bank. The bank filed the relevant business with the central bank on Tuesday, ahead of the October 30 deadline.

Y Combinator Releases Crypto Startup Guide, Focuses on Tokenized Stablecoins and AI Trading Agents

Y Combinator has released a startup guide for the crypto sector, noting that for the first time in the past year, growth in the crypto industry was led by institutions rather than consumers, with use cases shifting from speculative trading to real financial needs such as oil hedging and cross-border corporate treasury flows. It expects crypto adoption to accelerate further.

The organization believes that various assets will accelerate tokenization in the future, expanding from stablecoins and stocks to real estate titles, debt, and commodities; meanwhile, startup equity and small assets that were previously difficult to securitize may also enter the market through on-chain issuance. Around these assets, financial infrastructure such as trading, lending, and derivatives will continue to develop, and AI agents may become important financial participants.

For startup directions over the next 6 months, Y Combinator is focused on AI financing, USD and other currency stablecoins, neobanks, real-world asset (RWA) tokenization, trading platforms, and crypto API infrastructure for AI agents. The organization believes that while traditional financial institutions face challenges, this also creates startup opportunities for a new generation of fintech companies.

Coinbase Denies Data Breach, Says Third-Party Provider Amplitude Suffered Security Incident

In response to reports about a data breach, Coinbase stated that no data breach occurred at the company itself; the actual incident was a security event at third-party analytics provider Amplitude, which affected the contact information of some Coinbase customers and data of other Amplitude clients.

Coinbase said it has found no evidence of unauthorized access to its internal systems, and customer funds were not affected. The company will notify affected customers and relevant regulators as required by law.

Project News

Microsoft FY2027 Q1 Revenue of $92.28 Billion Beats Market Expectations

Microsoft (MSFT.O) reported FY2027 Q1 revenue of $92.28 billion, compared to $77.673 billion in the same period last year and market expectations of $90.663 billion.

RippleUSD Receives Moody's A2 Long-Term and P-1 Short-Term Deposit Ratings

Moody's has assigned Ripple USD (RLUSD) an A2 long-term and P-1 short-term deposit rating. Moody's said the strong ratings reflect the stablecoin's reserve coverage, liquidity, and redemption arrangements.

Pump.fun App Launches Hyperliquid Perpetual Contracts, Covering 300+ Markets

Pump.fun's app has launched Hyperliquid perpetual contract trading, allowing users to trade over 300 crypto, stock, and commodity markets on Hyperliquid directly using in-app USDC or SOL balances without cross-chain bridging. BTC supports up to 40x leverage, ETH up to 25x, stocks such as TSLA and Nvidia up to 20x, and the S&P 500 up to 50x, with isolated margin and take-profit/stop-loss settings; additionally, the app now supports the Arbitrum network, allowing users to trade any token on Arbitrum using their USDC balance.

Bitcoin Core Discovers 3 New Vulnerabilities, One Can Remotely Crash Nodes

Bitcoin News reported that Bitcoin Core has discovered 3 new vulnerabilities, one of which can allow an attacker to remotely crash nodes. This vulnerability can affect nodes running on Windows, macOS, or BSD by exhausting memory; Linux nodes are not affected by this attack; another vulnerability can gradually exhaust node memory, and a third may corrupt blockchain undo data.

Ondo Finance Joins DTCC Tokenization Service Launch Program

Ondo Finance announced it has joined the DTCC tokenization service launch program as an ecosystem partner.

Funding & Investment

AI Cloud Security Startup Upwind Raises $400 Million Led by BVP

AI cloud security startup Upwind announced it has completed a $400 million funding round led by Bessemer Venture Partners, with participation from existing investors including Greylock Partners and Craft Ventures, reaching a valuation of $3.8 billion. Upwind primarily provides security protection for enterprise cloud infrastructure, detecting malware and suspicious activity, and expanded its platform this year to address AI-related security risks. The new funds are intended for engineering R&D and building sales and marketing teams.

IREN Completes $363 Million AI Equipment Financing Refinancing

Bitcoin miner IREN announced it has completed a $363 million financing arranged by Wingspire Equipment Finance, collateralized by AI computing equipment already in operation and generating revenue, to refinance recently purchased GPU servers and networking equipment. The financing was provided by six lenders, with Eldridge Capital Management and Silver Point Capital making major funding commitments. The financing is primarily secured by the relevant equipment and supported by multi-year customer contracts; specific interest rates and terms were not disclosed.

The refinancing will help IREN recover some capital from already operational infrastructure for further expansion. IREN is transitioning from Bitcoin mining to AI cloud services, with AI cloud business revenue reaching $128.8 million for the fiscal year ending June 30, 2026, up from $16.4 million in the prior fiscal year; Bitcoin mining revenue still reached $578.2 million. The company reported a net loss of $702.6 million for the same period, including $638.8 million in non-cash asset impairment primarily related to retired Bitcoin mining machines.

Birch Hill Completes $4 Million Seed Round, Plans to Bring Real Estate Energy Loans On-Chain

New York startup Birch Hill announced it has completed a $4 million seed round led by Multicoin Capital, with participation from ParaFi Capital, Castle Island Ventures, and Nascent, bringing total funding to $6.5 million. Birch Hill currently serves as vault manager for on-chain lending protocol Morpho, responsible for assessing credit risk and setting related risk parameters; it has also applied for broker-dealer registration with the U.S. Financial Industry Regulatory Authority (FINRA) to sell private credit products to accredited investors, and plans to package and securitize U.S. multifamily housing, agricultural, and energy loans and bring them on-chain.

Regulatory Developments

Bessent: U.S. Treasury Will Bridge Crypto Regulatory Gap Between SEC and CFTC

U.S. Treasury Secretary Bessent stated that regardless of whether Congress acts, the Treasury Department will push to bridge the cryptocurrency regulatory gap between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The remarks indicate that even if related legislation stalls in Congress, the Treasury still plans to push for coordination of the two agencies' regulatory frameworks.

Thailand Supreme Court Rules Bitcoin Qualifies as Property Under Law

Thailand's Supreme Court recently ruled in criminal case No. 4929/2569 that Bitcoin has market value, can be held and traded, and can be exchanged for cash when a buyer exists, and therefore qualifies as property under the law. In the case, a victim converted $50,000 into Bitcoin and transferred it to a criminal gang; the court held that the Bitcoin involved was not intangible and worthless data, but property that can be the object of a property crime. The ruling confirms that Bitcoin can serve as legally protected property that may also be infringed upon by crime, but did not find that Bitcoin has the same legal payment status as the Thai baht.

U.S. CFTC to Hold Roundtable on December 15 to Discuss 24/7 Derivatives Trading

The U.S. Commodity Futures Trading Commission (CFTC) announced it will hold an industry roundtable on December 15 to discuss the feasibility of implementing 24/7 trading in derivatives markets. The meeting will continue the CFTC's work this summer seeking public comment on extending trading hours for standard futures contracts and introducing perpetual contract mechanisms.

The meeting will discuss topics including overnight trading, asset tokenization, infrastructure development, staffing, and operational readiness, exploring how to protect market participants' interests and maintain the integrity and resilience of U.S. derivatives markets while promoting financial innovation.

CFTC Chairman Selig said the regulator will not take a "one-size-fits-all" approach to 24/7 trading, but hopes to promote the development of trading mechanisms for different asset classes in a prudent and responsible manner by listening to views from all industry parties.

The meeting will be held at the CFTC's headquarters in Washington, D.C., and will be livestreamed to the public. The specific agenda, speakers, and registration information will be announced later.

Voices

CZ: 4 Data Breach Incidents Reported Recently, Users Should Strengthen Account Security

Binance founder CZ posted that 4 data breach incidents have been reported recently, involving Coinbase third-party provider Amplitude, Korean crypto exchange Bithumb, and Korean traditional financial institutions Mirae Asset and Daishin Securities. Among them, the Amplitude security incident affected the contact information of some Coinbase users, but user funds were not affected.

CZ noted that information leaked from trading platforms such as names, emails, phone numbers, addresses, identity documents, and trading records may be used for phishing, SIM swapping, and social engineering attacks. CZ recommended that users set up separate emails and strong passwords for different trading platforms, prioritize hardware security keys, Passkeys, or