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Moon Inc. (HKEX: 1723), formerly HK Asia Holdings Limited, has raised about US$8.8 million through new shares and convertible notes and will roll out a Bitcoin prepaid card across Asia, positioning a Hong Kong–listed issuer on retail cash rails.The company secured roughly HK$65.5 million via a private placement, combining the allotment of new shares with convertible notes that expand balance sheet flexibility for distribution and product buildout.The company describes the program as the first instance of a Hong Kong public company selling Bitcoin through prepaid cards to customers worldwide, aligning its listed status with an on-ramp model that inserts Bitcoin…

Key NotesHYPE price rally comes with daily volumes up 20% to $690 million and open interest rising to $1.55 billion.Following the renewed bullish sentiment, the DEX altcoin is eyeing a major breakout rally all the way to its all-time highs.Hyperliquid Strategies Inc will issue around 160 million shares of common stock to fund its HYPE token acquisition plan. Defying the broader crypto market downside on Oct. 23, HYPE HYPE $39.41 24h volatility: 8.9% Market cap: $10.65 B Vol. 24h: $720.57 M , the native cryptocurrency of the Hyperliquid decentralized exchange (DEX), has registered a sharp 12% upside. HYPE price rally…

Robinhood’s BNB listing has boosted US investor access and market visibility. BNB faces short-term bearish pressure below the key $1,069 support. Strong fundamentals and deflationary burns support the long-term outlook. Robinhood’s decision to launch Binance Coin (BNB) trading in the United States has injected fresh energy into the cryptocurrency, which has dropped significantly after hitting a fresh all-time high (ATH) earlier this month.. Notably, the move comes as BNB retraces after hitting record highs, signalling both excitement and caution among investors navigating a volatile yet expanding crypto landscape. Robinhood opens the door for US BNB traders The introduction of Binance…

Key NotesBitcoin ETFs recorded $101 million in outflows on October 22.BTC price is testing key support around $108,000 amid growing selling pressure.Long-term holders are taking profits while volatility rises in options markets. US spot Bitcoin BTC $109 086 24h volatility: 0.8% Market cap: $2.17 T Vol. 24h: $72.81 B exchange-traded funds (ETFs) registered a combined $101 million in net outflows on Oct. 22, while BlackRock’s iShares Bitcoin Trust (IBIT) managed an inflow of $73.6 million. Meanwhile, Ethereum ETFs mirrored the trend, with a total net outflow of $18.7 million, according to SoSoValue data. On October 22, U.S. spot Bitcoin ETFs…

The Ethereum Foundation has transferred 160,000 ETH, valued at roughly $654 million, to a wallet previously used for selling Ether, sparking fresh debate about governance and transparency within the ecosystem. Blockchain analytics firm Arkham Intelligence flagged the transfer, noting that the destination wallet had previously moved significant ETH to exchanges like Kraken, SharpLink Gaming, and other multisig addresses. Foundation Clarifies Purpose Hsiao-Wei Wang, co-Executive Director of the Ethereum Foundation, took to X to clarify that the transfer was part of a routine wallet migration rather than an attempt to sell ETH. Such migrations are standard practice for the Foundation, carried…

ARK Invest-backed Quantum Solutions has emerged as the largest Ether digital asset treasury outside of the United States after accumulating $9 million worth of ETH in a week. Quantum Solutions’ founder, Francis Zhou, announced the company’s latest Ether (ETH) purchase on Thursday.  “I’m proud to announce that we have accumulated 2,365 ETH in just seven days, officially making Quantum Solutions the largest ETH DAT outside the US,” said Zhou, adding that more Ether buys were coming.The company said it has become Japan’s leading publicly listed Ether DAT and the 11th-largest globally, citing figures from CoinGecko. Quantum Solutions also has a small Bitcoin (BTC)…

In brief Indian crypto exchange WazirX will resume operations on October 24 with zero trading fees across all markets. Trading and withdrawals will resume the same day, with full functionality by Monday. The platform has partnered with BitGo for institutional-grade custody solutions. Indian crypto exchange WazirX will restart operations on October 24 with zero trading fees across all markets, more than a year after hackers stole $234 million in one of the largest cyberattacks in crypto history.Backed by 95.7% of creditors, WazirX’s Singapore court–approved restructuring plan allows the exchange to reopen for 6.6 million users locked out since the July…

In brief Indian crypto exchange WazirX will resume operations on October 24 with zero trading fees across all markets. Trading and withdrawals will resume the same day, with full functionality by Monday. The platform has partnered with BitGo for institutional-grade custody solutions. Indian crypto exchange WazirX will restart operations on October 24 with zero trading fees across all markets, more than a year after hackers stole $234 million in one of the largest cyberattacks in crypto history.Backed by 95.7% of creditors, WazirX’s Singapore court–approved restructuring plan allows the exchange to reopen for 6.6 million users locked out since the July…

Responding to an interviewer’s question in one of the latest discussion panels, Ripple Labs CEO Brad Garlinghouse cleared up the misconceptions. With most alternative crypto currencies changing their strategies depending on the market’s headwinds, Ripple Labs continues to support the XRP coin via adoption initiatives & legislational progress.XRP Is Far From Abandonment, Ripple’s CEO States“Anyone who thinks that Ripple is not 100% behind XRP is just missing. They have lost the plot. We are totally committed and will remain totally committed”. What the San Francisco-based tech giant’s CEO has in mind is relevant to XRP’s growing role as a bridge…

Wall Street’s biggest balance sheets are quietly rebuilding the crypto stack under the banner of tokenization and custody.What began as a defensive stance toward digital assets is turning into an infrastructure shift: bringing fund administration, cash management, and settlement onto blockchain rails that look more like BNY Mellon’s LiquidityDirect platform than a typical crypto exchange.Since late summer, Goldman Sachs and BNY Mellon have taken tokenized money market funds live, Citi has positioned itself as a tokenization agent and custodian on Switzerland’s SDX exchange, and BlackRock has doubled down on the thesis that tokenized funds will eventually sit beside ETFs as…