Most Influential: Rushi Manche

The company sells BTC to secure cash for upcoming loan note obligations ahead of its planned uplisting.

[Paxos Has Applied to Become a Clearing Agency with the SEC] Paxos co-founder Chad Cascarilla stated that Paxos has applied to the SEC to become a clearing agency. This application would enable Paxos to directly hold bonds and stocks and issue them natively on-chain, allowing users to hold actual underlying assets rather than derivatives.

GameStop disclosed that it did not sell any Bitcoin in the third quarter and currently holds 4700 BTC. （The Bitcoin Historian）

[UAE Telecom Giant e& to Pilot Dirham Stablecoin Payment System] UAE telecom giant e& has signed a memorandum of understanding with Al Maryah Community Bank to test the application of the Dirham stablecoin AE Coin within e&'s payment infrastructure. This pilot project will allow users to use this stablecoin, licensed by the UAE Central Bank, to pay mobile bills, home service fees, and recharge prepaid lines.

[Hasu: 90% of Crypto Projects Should Not Issue Tokens] Flashbots' Strategy Lead Hasu stated in an article that the worst scenario involves token holders who think they understand business operations and actively interfere. These holders pressure teams to conduct buybacks and propose governance ideas that destroy value. Hasu suggests that tokens should not be issued before being ready to 'go public,' and even if issued, founders should retain control. Hasu pointed out that almost every founder now regrets issuing tokens, and 90% of crypto projects should not issue tokens at all.