digital

According to The Block, banking giant BNY will adopt the validator infrastructure of staking service provider Figment to support its staking business. Eligible institutional clients can stake assets within the platform through BNY's existing digital asset custody services.Figment stated that BNY's staking clients include asset management companies, ETF issuers, corporations, and wealth management institutions. Qualified clients can earn staking rewards on supported assets on the platform. A Figment spokesperson told The Block that ETH will be supported initially, followed by an expansion to SOL, although no specific launch date has been announced.Ralf Roth, head of BNY's digital asset custody, stated that as institutional participation in staking increases, the focus is shifting from whether staking can be accessed to how staking is delivered. Providing staking services in a trusted custody framework with Figment allows institutions to have more confidence in their participation methods and meets their standards for security, oversight, and accountability.Josh Deems, head of revenue at Figment, stated that Figment is bringing its validator infrastructure and staking experience to BNY's digital asset custody platform, providing institutional clients with another way to participate in staking within existing platforms and service processes.BNY launched its digital asset custody services in October 2022, initially accepting Bitcoin and Ethereum from a limited number of clients. Last month, BNY expanded its custody agreement with Ripple to cover XRP and RLUSD, and plans to allow BNY clients to mint and redeem RLUSD through the bank.Coinbase Prime integrated Figment's Ethereum staking services in early 2024, and when the two announced an expansion to networks such as Solana, Cardano, and Sui in October 2025, they stated that the partnership had facilitated over $2 billion in asset staking. Figment claims it has provided staking services to over 1,500 institutions, including asset management companies, custodians, exchanges, and wallets.

According to PR Newswire, Bit Digital, Inc. (NASDAQ: BTBT) announced its financial results for the third quarter of 2026 on November 12, 2026. As of September 30, 2026, the company held approximately 163,725.9 ETH, with a market value of about $439.4 million based on the closing price of ETH at approximately $2,684 on that day; of which 74,606.4 ETH were directly held, with a fair value of approximately $200.2 million.In the third quarter, the company staked 73,683 ETH in liquid staking, obtaining 66,192 LsETH; among them, 19,000 LsETH were used as collateral for a loan, listed on the balance sheet as $37.1 million in digital asset collateral receivables; the remaining 47,192 LsETH were accounted for as digital intangible assets, amounting to $98.3 million. In the third quarter, the company sold 1,625 ETH for $3.4 million, with an average selling price of approximately $2,114.62 per ETH, and did not purchase any ETH during the quarter.The company recorded a non-cash impairment of $3.2 million on LsETH for the quarter, which does not represent realized losses. As of September 30, 2026, the company held 27,043,750 shares of WhiteFiber, accounting for 59.7% of its total outstanding shares.

Tron, Tether, and Chainalysis announced the establishment of a joint initiative called the "Digital Crime Task Force," aimed at identifying and combating illegal activities utilizing USDT on the Tron blockchain. The three parties stated that the task force will collaborate with law enforcement agencies through intelligence gathering to shorten the interval from threat identification to enforcement action, accelerating the asset freezing process before criminals can transfer funds. Tron founder Justin Sun stated that millions rely on USDT on Tron to sustain their livelihoods and businesses, and as digital finance reaches more people, the ability to protect must also be enhanced accordingly.The establishment of the task force comes against the backdrop of rising threats from AI-driven scams and cyberattacks in the cryptocurrency industry. Chainalysis pointed out that by 2025, the profit efficiency of AI-enabled scams will be 4.5 times that of traditional methods, with identity impersonation scams increasing by over 1400% year-on-year. Tether CEO Paolo Ardoino stated that criminals are using AI to accelerate their actions, and waiting for victims to report is no longer sufficient; Tether has collaborated with over 360 law enforcement agencies in 73 countries to freeze over $7 billion related to illegal activities.The task force plans to cover threat types including investment and romance scams, hacking attacks, terrorist financing, and North Korea-related cyberattacks. This formation follows the dissolution of a previous alliance: in 2024, Tron, Tether, and TRM Labs established the "T3 Financial Crime Group," which, according to Bloomberg earlier this month, was disbanded due to slow response and lack of coordination among members. Earlier this week, the cross-chain interoperability protocol Across resumed operations after experiencing a domain hijacking, and blockchain infrastructure provider Chainstack also disclosed that it faced an AI-driven security breach last month, leaking customer names, emails, and password hashes.

The cryptocurrency trading platform Backpack announced that it has signed a cooperation agreement with the Japanese digital bank Minna Bank. Minna Bank is part of one of Japan's major regional bank groups, FFG. Both parties will utilize Backpack's on-chain infrastructure to explore the provision of digital banking services related to cryptocurrency assets in Japan. Backpack is positioned as a cryptocurrency trading platform and multi-chain wallet. According to RootData, the project completed a strategic financing of 20 million dollars in 2022 and will complete a Series A financing of 17 million dollars in 2024.

Lookonchain monitoring shows that a giant whale address transferred approximately 6,532 ETH to the deposit address of Galaxy Digital, worth about 13.62 million USD.

Dunamu's Vice Chairman Kim Hyung-nyun stated at the Seoul Digital Asset Policy Conference that the stock tokens of South Korea's representative companies, Samsung Electronics and SK Hynix, can only be traded overseas. This situation is distressing. He also officially announced that Dunamu has completed the technical preparations for stock tokenization, and relevant services can be launched at any time once the regulatory system allows.In addition, the conference also discussed the legislative process of the "Basic Law on Digital Assets." South Korea's Democratic Party member Min Byung-deok advocated that the bill should be passed in the current regular National Assembly, no later than January 18 of next year. South Korea's People Power Party member Park Soo-min stated that legislation should not be rushed and called for a comprehensive allowance for institutions and legal entities to invest in crypto assets.

According to on-chain analyst Yu Jin's monitoring, Arthur Hayes transferred a total of 3 million USDC to the OTC trading platforms Flowdesk and Galaxy Digital about 10 minutes ago.Half a month ago, Hayes had liquidated various altcoins worth at least 49.25 million dollars and stated that he planned to wait for further price declines before buying again. Since then, the prices of the tokens he previously sold have dropped by about 15% to 30%. This recent transfer of USDC has sparked market speculation about his possible preparations to buy back in, but the specific use of the funds and buying plans have not yet been confirmed.

According to monitoring data from Arkham, a wallet associated with Anchorage Digital has transferred a total of 10 million ENA to Coinbase in the past two days, worth approximately 15.29 million USD.In addition, the wallet currently still holds other crypto assets worth approximately 12.75 million USD in MORPHO and approximately 7.74 million USD in SKY. Monitoring data shows that about eight months ago, an address marked by Anchorage Digital transferred 2.5 million USDC to this wallet, suspected to be for token purchases.

According to screenshots circulating on social platform X, the official X account of the digital asset trading platform Websea once posted an accusatory tweet, publicly accusing the company's owner and CEO of withholding employee salaries and reimbursements, which was later deleted.The content of the screenshot shows that the poster claims employees have dedicated time and effort to the company but have not received basic salaries and work reimbursements, and alleges that the company has seemingly stopped normal operations, with management failing to provide a clear payment arrangement. The poster demands that the owner and CEO of Websea respond directly to the issues of unpaid salaries and reimbursements, publish a clear and credible payment schedule, and settle all outstanding employee payments as soon as possible, while also calling for industry attention to this matter.

According to Bloomberg, Japan's financial group Nomura is exploring the sale of its digital asset business Laser Digital, with Marex being one of the potential buyers.The report states that the business involved in this negotiation includes cryptocurrency trading, asset management, and on-chain credit cooperation. Currently, the details of the transaction and the progress of the negotiations have not been disclosed.

According to the information on the Liepin page, Tencent is hiring a financial product manager for cross-border payment. The job responsibilities include conducting overseas market research based on distributed ledger technology, digital assets, and designing fee-free capabilities, key custody and recovery based on account abstraction, as well as designing the circulation and exchange logic of fiat currency.The position also requires transforming regulatory rules such as identity verification, anti-money laundering, and transaction information transmission into product processes. The job requirements include over 5 years of experience in wallets, exchanges, payment, or e-wallet products, and familiarity with mainstream public chains, smart contracts, and multi-chain asset management.

According to The Block, Laser Digital, a digital asset subsidiary of Nomura, has partnered with ZIG Finance to launch an on-chain investment product called zEMS Vault, aiming to raise $100 million to provide qualified institutional investors with exposure to a portfolio of loans for small and medium-sized enterprises in Saudi Arabia. The relevant loans are issued through Beehive's lending infrastructure.The vault is deployed on the BNB Chain, and investors can use stablecoins for subscriptions and redemptions. KAIO is responsible for tokenization and the management of the vault's entire lifecycle, with KYC checks performed at both the subscription and redemption stages; Zamanat is responsible for investment structure design and providing Shariah compliance consulting, while Laser Digital serves as the risk framework advisor.zEMS Vault is the first product under the strategic cooperation between ZIG Finance and Laser Digital, and both parties plan to expand this model to other emerging markets and credit strategies.

According to market news, Deutsche Bank's custody services for German institutional and corporate clients are now online, supporting BTC, ETH, and some stablecoins like USDC under BaFin/MiCA authorization.The bank employs a multi-layer control mechanism to manage keys and plans to expand to Asia and launch tokenization services by 2027. This service aligns with its goal of achieving an 8% compound annual growth rate in corporate banking by 2028, but the initial scope is limited, not aimed at retail users, does not provide deposit guarantees, and trading functionality has not yet been confirmed.

Spider Digital Technology Ltd., a cryptocurrency mining pool operator headquartered in Singapore, announced that it has signed a definitive business combination agreement with Starlink AI Acquisition Corporation, a blank check company listed on the New York Stock Exchange (stock ticker OTAI), on October 30, 2026. The agreement sets the valuation of Spider Digital at $250 million to determine the merger consideration. Upon completion of the transaction, Spider Digital and Starlink AI will become wholly-owned subsidiaries of Spider Digital Technology Group, which is expected to go public in the United States after meeting applicable listing requirements and obtaining approval.According to the agreement, PubCo's wholly-owned subsidiary Merger Sub I will merge with Spider Digital, after which Merger Sub II will merge with Starlink AI, and both companies will continue to exist after their respective mergers. The completion of the transaction is subject to approval by both parties' shareholders, the effectiveness of PubCo's F-4 registration statement, approval for listing on the New York Stock Exchange, and other customary closing conditions. Spider Digital claims that it operates its own mining pool system and has independent block production capabilities, without sharing pool control or hash power scheduling rights with third parties. The company's founder, chairman, and CEO Chen Hua, along with Starlink AI's chairman and CEO Gus Liu, both commented on the proposed merger.

European Central Bank Executive Board Member Fabio Panetta stated that if negotiations are delayed, the digital euro will face postponement.

Financial technology company GTN announced the appointment of former Gemini executive Mark Jennings as the Global Head of Digital Assets. Jennings will be responsible for GTN's tokenized securities strategy, leveraging its global market access capabilities to help the platform bring traditional assets on-chain.Previously, Jennings served as the Chief Executive Officer of Gemini's European operations, overseeing the exchange's expansion in Europe. Earlier, he held several executive positions at Kraken, including serving as the Chief Executive Officer of its institutional derivatives trading platform Crypto Facilities.

According to official news, Morgan Stanley has reached an agreement to acquire Vinyl Equity. Vinyl Equity is a digital equity transfer agency and shareholder record management platform registered with the U.S. Securities and Exchange Commission (SEC).This acquisition will add equity transfer agency services to Morgan Stanley's Morgan Stanley at Work, integrating equity structure management, equity incentive management, share transfer, and wealth management services, providing integrated services for enterprises and shareholders covering both private and public markets. Morgan Stanley stated that this acquisition will also strengthen its digital asset ecosystem, providing critical infrastructure for future asset tokenization plans. Vinyl's digital technology is expected to drive upgrades in the recording, transfer, and management of equity ownership, aligning with the development of blockchain technology, atomic settlement, and asset tokenization. The transaction is still subject to customary closing conditions and is expected to be completed in the first quarter of 2027.

Cryptocurrency financial services company Galaxy Digital released its Q3 2026 financial report, showing a net profit of $323 million, reversing the $85 million loss from the previous quarter. Adjusted gross profit was $569 million, and adjusted EBITDA was $455 million. Among these, the adjusted EBITDA for treasury and corporate business was $395 million, the data center business was $69 million, and the digital asset business incurred a loss of $9 million.The trading volume of digital assets increased by 12% quarter-over-quarter, and the total scale of managed and staked assets grew by 46% to $10.4 billion. In terms of data centers, Phase I of Helios I has delivered all 133 MW of critical IT load to CoreWeave, and Phase II has secured full financing. The company completed a $3.5 billion issuance of senior secured notes, with the potential total power capacity of data center projects exceeding 5.7 GW.

According to Caixin, the European Commission preliminarily determined on November 6 local time that TikTok's recommendation mechanism has a "rabbit hole effect," making it increasingly difficult for users to disengage, which violates the Digital Services Act (DSA). Furthermore, TikTok's existing mitigation measures are deemed ineffective. The EU believes TikTok should adjust its "For You" algorithm to include more content based on users' explicitly expressed preferences, eliminate viewing duration as a recommendation metric, and enhance the usability of user control features.If confirmed as a violation, TikTok could face fines of up to 6% of its global annual revenue. TikTok denies the allegations, stating that the EU's claims are fundamentally untrue. This conclusion is a preliminary determination and not a final penalty decision, and TikTok has the right to defend itself.

The Financial Services Commission of South Korea is coordinating inter-departmental differences on the government draft of the "Basic Law on Digital Assets," aiming to present it in November and is expected to advance it in the form of legislative action by lawmakers. Regulatory authorities are discussing setting a single shareholder ownership limit for cryptocurrency trading platforms at 15% to 20%, and providing existing platforms with a transition period of 1 to 2 years; considering property rights disputes, it may also change to only restrict voting rights.The bill proposes to change the access to trading platforms from a declaration system to a licensing system, with stablecoin issuers expected to adopt a bank-centered consortium model. Discussions are also underway regarding implementing strict liability for hacking attacks and system incidents, as well as listing violations of actual holding obligations for crypto assets as grounds for suspension of operations. On November 5, South Korea's Deputy Prime Minister and Minister of Economy and Finance, Lee Hyeong-ik, stated that he would consult with the National Assembly to postpone the implementation of the cryptocurrency asset income tax originally scheduled for next year by two years. The ruling party advocates prioritizing the formulation of this law, establishing an overall regulatory framework, and allowing a transition period for businesses and investors.