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The Hyperliquid team is trialing a new feature called BLP, likely a BorrowLendingProtocol, on their Hypercore testnet. This native borrowing and lending platform currently supports USDC and PURR tokens, allowing users to borrow and supply assets. Speculation suggests BLP could power Hyperliquid’s Multi-Margin system, though details are still being tested. This move aims to enhance DeFi capabilities within Hyperliquid by offering seamless, integrated lending functions for its community.

Strategy priced its 10% Series A Perpetual Stream Preferred Stock (STRE), issuing 7.75 million shares at €80 each to raise approximately €620 million ($715 million). The company will use the funds primarily to buy more bitcoin and for general corporate purposes. This offering was increased from €350 million due to strong demand. The STRE stock pays a 10% annual dividend and helps Strategy strengthen its position as a leading corporate bitcoin holder. The deal is expected to close on November 13, 2025.

Kazakhstan is setting up a national cryptocurrency reserve fund valued between $500 million and $1 billion, using seized and repatriated assets. The fund will invest in ETFs and shares of crypto-related companies while avoiding direct cryptocurrency ownership. Expected to be operational by early 2026, this cautious approach aims to strategically expose the country to digital asset growth while managing risks. The move represents a significant step in integrating regulated crypto investments into Kazakhstan’s national financial strategy.

Tether’s Bitcoin wallet recently acquired 961 BTC worth about $97 million from Bitfinex, following its ongoing strategy of using 15% of profits to buy Bitcoin. This wallet now holds 87,296 BTC valued at $8.84 billion, ranking sixth among the largest BTC wallets. With an average buy price close to $49,121, Tether’s Bitcoin holdings currently show an unrealized gain of $4.5 billion, reflecting strong confidence in Bitcoin despite market shifts.

Bitwise Asset Management has filed an 8(a) form for its Spot Dogecoin ETF, which enables automatic approval and listing on U.S. exchanges within 20 days unless the SEC intervenes. This streamlined process bypasses lengthy approvals, reflecting growing demand for regulated crypto investment products. The ETF will provide investors easy, regulated exposure to Dogecoin, with Coinbase Custody as its trusted custodian. Bitwise’s move marks a key step toward expanding mainstream access to meme coin investments through ETFs.

Chainlink has partnered with SBI Digital Markets, the digital asset division of Japan’s SBI Group, to create secure and compliant cross-chain digital asset solutions. Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the collaboration enables seamless and private transfer of tokenized assets across multiple blockchains. This partnership supports SBI’s plan to evolve from token issuance to a full digital asset hub, enhancing tokenized securities’ issuance, settlement, and trading with strict regulatory compliance and privacy protections.

Leonard, CEO of Binance-backed Aster DEX, announced plans to build a privacy-focused public blockchain with zero gas fees aimed at traders. The platform will also introduce tokenized stock futures to its offerings. Partnering with launchpad Buidlpad, Aster aims to provide pre-market futures for new projects, enabling faster price discovery and better liquidity. These moves are designed to enhance trader privacy, reduce costs, and broaden asset options on Aster.

Polygon and fintech startup Anq are working on launching India’s first government-backed stablecoin, called the Asset Reserve Certificate (ARC). This digital currency will be fully supported by Indian government securities, ensuring safety and transparency. It aims to strengthen the Indian Rupee by linking digital tokens directly to sovereign debt. Designed to operate within India’s regulations, ARC offers a quicker, low-cost alternative to traditional payments and foreign-backed stablecoins, helping modernize India’s digital financial ecosystem.

Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, is preparing to launch regulated prediction market contracts, pending U.S. CFTC approval. These contracts will allow users to bet on real-world outcomes, from elections to sports and finance. The plan signals Gemini’s push to broaden its product lineup beyond classic crypto trading. However, approval may be delayed due to the ongoing government shutdown, and competition with platforms like Kalshi and Polymarket is heating up.

BlackRock plans to launch a Bitcoin ETF on the Australian Securities Exchange (ASX) in mid-November 2025. The iShares Bitcoin ETF (IBIT) will provide Australian investors with a regulated, cost-effective way to gain exposure to Bitcoin without directly owning it. With a management fee of 0.39%, the ETF builds on the success of BlackRock’s $85 billion U.S. iShares Bitcoin Trust. This launch marks a significant step in expanding institutional and retail access to cryptocurrency in the Asia-Pacific region.