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Quick Take Summary is AI generated, newsroom reviewed. Grayscale launched the first crypto staking ETPs for Ethereum and Solana. The move simplifies staking, letting Wall Street investors earn yields without running nodes. It marks a major step in Wall Street crypto adoption and DeFi integration. Grayscale’s innovation could inspire more asset managers to enter the staking market.References ⚡ INSIGHT: Grayscale becomes the first to bring crypto staking to Wall Street through publicly traded ETPs, letting i
The article discusses how Trump combines his personal brand with cryptocurrency, accumulates wealth by issuing tokens, and may trigger new forms of political corruption. It reveals how blockchain technology can be used for gray-area transactions involving power and finance. Summary generated by Mars AI This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still in the process of iterative improvement.
Weekly highlights for October 20th to October 26th.
The real turning point for this sector lies not in the form of the product, but in the boundaries of regulation.
- 09:25A whale swapped HYPE for SOL, worth $15.68 million.ChainCatcher news, according to monitoring by Lookonchain, a whale with the address 0x518C sold 402,005 HYPE tokens, worth 156.8 millions USD. This whale purchased these tokens 9 months ago and made a profit of over 5 millions USD from this sale. After the transaction was completed, the whale transferred 156.8 millions USD across chains to the Solana network and purchased 81,117 SOL tokens.
- 09:25The South Korean Financial Services Commission plans to ban interest payments on stablecoins and will submit the relevant bill within the year.ChainCatcher news, according to Yonhap News Agency, Lee Bok-hyun, Chairman of the Financial Services Commission of South Korea, stated during the National Assembly's state audit that, in principle, payment-type stablecoins are not allowed to generate interest payments from holding or usage. Lee Bok-hyun mentioned that South Korea will follow the relevant principles of the US "Genius Act" to prohibit such practices. In addition, he said that a consortium model led by banks will be explored, restricting fintech companies to act only as technology partners, and prohibiting virtual asset exchanges from issuing stablecoins on their own. Regarding the second phase of virtual asset legislation, he confirmed that it will be submitted within the year and is currently in the final coordination stage. He also mentioned the overseas demand potential for stablecoins in areas such as virtual asset trading, payment settlement, and cross-border remittances, and plans to expand applications and prepare related work in advance.
- 09:23CryptoQuant: The transfer volume of altcoins into exchanges has reached a new high for this yearJinse Finance reported that, according to CryptoQuant data, the transfer volume of altcoins into exchanges has climbed to a new year-to-date (YTD) high.