Arkham Partners With Chainlink to Launch a Labeling Endpoint | Cryptocurrency Trends

1.Mainstream Exchange Trends:

• Bithumb operator Bithumb Korea discloses it has selected Samsung Securities as its underwriter at the end of October and has begun working on a planned IPO on KOSDAQ. The target listing date is expected to be in H2 2025. Bithumb declined to comment further on its IPO plans.
• Coinbase International Exchange and Coinbase Advanced to provide support for Solana and AVAXUSDT"> Avalanche perpetual futures.
• FTX sues Bybit and its affiliates for the recovery of approximately US$953 million in cash and crypto assets that were withdrawn from FTX before SBF filed for bankruptcy protection in 2022.
• Bitget kicks off Builders global promotion at the Technical University of Mombasa. The promotion is an offshoot of the Bitget Blockchain4Youth program, which aims to nurture emerging talent in the crypto space.
• HashKey Exchange: Users must have a portfolio of at least HK$8 million to qualify as professional investors and unlock all crypto trading options (such as stablecoins).
• Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)

2.Cryptocurrency Trends:

• Arkham partners with Chainlink to launch a labeling endpoint that enables real-world owners to query addresses.
• Nansen CEO posts that the last demo of Nansen 2 has just been completed, and the update will be released soon, with new features to continue to be released next year and beyond.
• Kava 15 mainnet to be launched on December 17.
• MicroStrategy currently holds over 158,000 BTC, with a total value of US$5.7 billion, equivalent to 80% of its stock market capitalization (US$7.1 billion) and representing unrealized gains of over US$1.1 billion, with a profit margin of about 25%.
• Genesis asks the court to approve its proposed settlement agreement with Three Arrows Capital: Whereas Three Arrows Capital had previously filed a US$1 billion claim against Genesis, Three Arrows Capital would have received US$33 million in general unsecured claims under the settlement agreement, significantly reducing the amount of Genesis' compensation.

3.Financing Trends:

• Almond FinTech, a B2B technology company that bridges fiat and digital currencies, raises US$7 million in funding. The specific investors have yet to be disclosed.
• DWF Labs invests US$10 million in Velo Labs, a Web3 financial ecosystem.

4.Regulatory Trends:

• Bitcoin.com reports that the first deputy governor of the Bank of Russia says that the bank will establish a joint payment system with the United Arab Emirates using digital rubles, which will serve individuals and businesses. It is estimated that the project will take about one year to develop.