[Binance: Driving $3.2 Billion Stablecoin Inflows to Address Market Volatility] Binance led $3.2 billion in stablecoin inflows ahead of the CPI report release, indicating traders are positioning in advance for market fluctuations. (Cointelegraph)
[Belarus Establishes Special Task Force to Combat Illegal Cryptocurrency Transactions] The National Bank of the Republic of Belarus (NBRB) has announced the establishment of a special task force to address issues related to illegal cryptocurrency transactions. This decision was made following a meeting with representatives of government-approved cryptocurrency companies and banking industry professionals. The meeting focused on preventing unauthorized payment transactions and the cross-border transfer of illegal funds through licensed cryptocurrency platforms within Belarus. Participants unanimously agreed on the need for comprehensive measures to combat illegal transaction models within the shadow economy. The monetary authorities stated that the establishment of the task force is a key initiative agreed upon during the meeting, aimed at strengthening regulation and maintaining the stability of the financial system.
[Tria Completes $12 Million Financing, Aptos and Other Institutions Participate] On October 15, self-custody bank Tria completed a $12 million pre-seed and strategic financing round, with investors including P2 Ventures, Aptos, Polygon, Ethereum Foundation, and others. Tria focuses on simplifying cryptocurrency usage, allowing users to spend, trade, and earn through a single self-custody balance without worrying about gas fees or cross-chain operations. Its Visa card supports over 150 countries and more than 1,000 tokens.
[Decrypt: Gold Hits Record High While Bitcoin Slumps, Potentially Impacting Safe-Haven Choices] Gold reached a historic high on Monday, while Bitcoin prices continued to slump, raising doubts in the market about its status as a safe-haven asset. The rise in gold reflects investors' concerns about currency devaluation, whereas Bitcoin's recent weak performance has failed to attract similar attention. The community remains divided on whether Bitcoin can continue to serve as a hedging tool, and its future trajectory still requires observation. (Decrypt)
[Upbit to Suspend LUNC Withdrawals Due to Network Upgrade] Upbit announced that due to the LUNC (Luna Classic) network upgrade, LUNC withdrawals will be suspended starting from October 20, 2025, at 18:00 (Hong Kong Time) until network stability is confirmed. LUNC is an asset supported only for withdrawals on Upbit, and related processes will be temporarily halted during the suspension period. The resumption time will be announced separately.
**[Binance Co-Founder He Yi Responds to "Data Modification" Controversy, Emphasizes Mark Price Mechanism and Team Execution Issues]** Binance Co-Founder He Yi posted on the X platform to address the recent controversy surrounding "data modification." She explained that Binance Futures adopts a mark price mechanism, which calculates a weighted average price by excluding extreme prices from multiple platforms to mitigate the impact of extreme prices on a single platform for users. This innovation aims to prevent users from experiencing liquidation due to spot price fluctuations, and users are welcome to independently verify the relevant data. In response to the community's concerns about K-line adjustments, He Yi stated that the issue stemmed from an error in internal team execution. She emphasized that Binance has neither the motive nor the reason to modify data, and any slight impact on historical orders occurred only under special circumstances. She also acknowledged that team execution needs further improvement and pledged to strengthen management to ensure user trust.