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What happens when crypto trades stocks while Wall Street sleeps?

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What happens when crypto trades stocks while Wall Street sleeps?
Wall Street closes at 4 p.m., but apparently that’s becoming more of a suggestion than a rule. You can now spend the evening watching Netflix and making leveraged bets on American semiconductor companies while the exchange where their shares trade is closed. Crypto has spent years making financial markets available at every hour of the … Read more

Ethereum open interest rose 2.3% in ETH on Binance as its dollar value fell 6.6%

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Ethereum open interest rose 2.3% in ETH on Binance as its dollar value fell 6.6%
Ethereum open interest in Binance’s ETHUSDT futures contract was 2.27% higher in ETH on Thursday, Oct. 8, over the last 48 hours, even though its USDT-denominated value had fallen 6.58%. Open interest measures outstanding futures exposure. For traders assessing exposure remaining through the price decline, coin quantity separates changes in that exposure from changes in … Read more

Solana sandwich bots took $29.7 million before costs, mostly targeting Pump.fun

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Solana sandwich bots took $29.7 million before costs, mostly targeting Pump.fun
Sandwich bots extracted about $29.7 million before costs from Solana trades over an 11-month period, according to blockchain data provider Bitquery. It found 96% of detected attacks on memecoin platform Pump.fun’s launch curve and its PumpSwap exchange. The investigation, covering successful swaps, counted 6,850,144 attacks by 2,545 bot wallets affecting 2,154,994 distinct wallets between October … Read more

Some Kraken futures limit orders can still fill after a successful cancel

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Some Kraken futures limit orders can still fill after a successful cancel
Some Kraken futures limit orders can still execute after a successful cancellation if the cancel arrives during the Maker Protection hold window. Kraken expanded the system on Oct. 8, bringing that order-handling rule to more contracts. Kraken completed Phase 2 after announcing 61 additional perpetual contracts. Maker Protection applies to selected futures markets; Kraken’s documentation … Read more

EU targets MiCA loophole that lets crypto exchanges serve 27 countries with one license

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EU targets MiCA loophole that lets crypto exchanges serve 27 countries with one license
EU finance ministers agreed to shift oversight of major crypto companies to a central watchdog, reshaping supervision under MiCA. The Council of the European Union reached a political agreement on Oct. 9 to give the European Securities and Markets Authority (ESMA) direct responsibility for the bloc’s most significant crypto-asset service providers, as part of a … Read more

Thailand wants a piece of the $120 billion Bitcoin and Ethereum ETF market, but on its own terms

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Thailand wants a piece of the $120 billion Bitcoin and Ethereum ETF market, but on its own terms
Thailand has finalized rules allowing domestic Bitcoin and Ethereum ETFs while restricting retail access to competing overseas investment products. The Securities and Exchange Commission (SEC) announced on Oct. 8 that 11 regulatory notifications will take effect on Oct. 16, establishing a framework for cryptocurrency exchange-traded funds listed exclusively on the Stock Exchange of Thailand. Thailand’s … Read more

Aave’s USDG rollover plan has a yield below most quoted borrowing rates

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Aave’s USDG rollover plan has a yield below most quoted borrowing rates
Aave’s proposed USDG rollover would let borrowers carry their stablecoin debt into a new fixed-yield USDG position, but the replacement collateral currently yields less than three quoted borrowing rates. That leaves leverage and separately administered rewards central to whether extending the trade makes financial sense. The proposal concerns Pendle principal tokens, or PTs, on the … Read more

Some Aave loans sit near liquidation with collateral that can take hours to cash out

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Some Aave loans sit near liquidation with collateral that can take hours to cash out
Some Aave loans backed by yield-bearing collateral had narrow liquidation buffers in LlamaRisk’s Oct. 9 snapshots. Every top PT-AUSD supplier on Monad carried debt, while two syrupUSDC positions accounted for about 97% of supplied syrupUSDC on Arc. Cashing out the collateral involves a market sale or, for Arc holders choosing Ethereum redemption, a withdrawal queue … Read more

Tokenized stocks can carry the same rights without the same trading protections

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Tokenized stocks can carry the same rights without the same trading protections
Tokenized stocks eligible for the SEC’s September exemption must carry equivalent shareholder rights, yet their trading venues can operate outside key Regulation NMS protections. Investors therefore need to examine both what the share represents and how their order is priced and handled. Market-data provider Douro Labs asked SEC staff in an October 9 submission for … Read more