News & Research

Bitwise's SOL staking ETF (BSOL) recorded $56 million in trading volume on its first day of listing, The Block reported. Bloomberg senior ETF analyst Eric Balchunas noted that this volume is significantly higher than the average for an ETF's first day, describing it as the strongest debut performance among all new ETFs launched this year.

Nvidia CEO Jensen Huang said he is confident that President Donald Trump will secure a favorable trade agreement with China. However, Huang added that he expects the company's sales in China to remain at zero going forward.

Western Union, the world's largest remittance and payments firm, plans to launch a stablecoin in 2026, The Wall Street Journal reported. The company intends to issue the stablecoin on the Solana blockchain and launch a digital asset wallet network. As previously reported by CoinNess, Western Union had been considering the launch of its own stablecoin and was planning to pilot a stablecoin-based payment system.

X Layer, the public chain of crypto exchange OKX, announced that it has dismissed its head, Felix Fan, due to a conflict of interest. An OKX executive reposted the announcement, claiming that a competitor, presumed to be Binance, has been recruiting OKX employees only to fire them shortly thereafter. The executive urged staff to immediately report any such recruitment offers to the human resources department. According to Wu Blockchain, the incident highlights recently intensifying tensions between OKX and Binance.

Around 61% of retail investors in Hong Kong and China plan to double their investments in tokenized funds, according to a report by Aptos Labs and Boston Consulting Group. The report found that active traders, high-net-worth individuals, long-term investors, and mainland China investors are expected to increase their asset allocation to such funds by 16% to 26%.

Activity from retail investors on Binance Alpha is surging, according to data from CryptoQuant. The platform's daily trading volume has increased from $17.4 million on Aug. 31 to its current level of $30.6 million, after hitting a peak of $61.3 million on Oct. 2. Meanwhile, the average trade size has fallen from $424 to $247, which CryptoQuant noted indicates a growing share of retail participation. Binance Alpha is an on-chain trading platform within the Binance Wallet that focuses on listing early-stage coins.

Canadian publicly traded company Universal Digital is issuing $50 million in convertible bonds to fund additional BTC purchases, BitcoinTreasuries reported.

CryptoQuant contributor CryptoDan has stated that the current cryptocurrency market is undergoing a relatively minor correction that is unlikely to last long. He suggested that toward the end of the cycle, the market will likely experience intensified overheating accompanied by a strong surge in altcoins.

Oracle has announced plans to launch a digital asset data nexus in 2026. No specific details regarding the project have been released.

MetaMask has launched its long-rumored points program, user ai_9684xtpa reported. The move marks a transition for the application from a crypto wallet to an on-chain financial services platform. Key features include the addition of PuffDex, a perpetual futures exchange, and the ability for users to earn points through spot and perpetual futures trading, as well as through referrals.