Key Developments
- Worldcoin rebrands as World Network, launching World Chain mainnet
- OKX to list Banana Gun (BANANA) for spot trading starting October 18
- DBS Bank introduces Token Services for blockchain-based banking
- Binance concludes Scroll (SCR) pre-trading, adds seed tag for spot listing
- Morgan Stanley discloses $272M Bitcoin ETF holdings
- Trump family to receive 75% of WLFI net revenue with zero liability
24-Hour Crypto Market Update
OKX Announces BANANA Spot Trading
👉 Discover BANANA trading on OKX
Trading pairs (BANANA/USDT) go live October 18 at 18:00 UTC+8. This marks Banana Gun's debut on a major exchange following its Telegram bot token model.
BNB Beacon Chain Sunset Scheduled
The BNB Beacon Chain will cease operations on November 19 following a mandatory v0.10.24 node upgrade. This concludes its transition to BSC's EVM-compatible architecture.
DBS Bank's Blockchain Leap
Singapore's DBS unveiled Token Services featuring:
- Treasury Tokens (collateral management)
- Conditional Payments (smart contract-enabled)
- Programmable Rewards
"This optimizes liquidity while creating client engagement opportunities," said Global Transaction Services head Lam Soon Chong.
K Bank's $700M IPO Withdrawal
South Korea's Upbit partner bank postponed its IPO due to:
- Valuation concerns
- Overreliance on crypto exchange deposits (16.8% from Upbit)
- Contract renewal uncertainty ahead of October 2025 expiry
Protocol Innovations
World Network's Evolution
Formerly Worldcoin, the project now encompasses:
- World Chain (Live mainnet) - Human-only L2 with OP Stack
- World ID - Passport-verified credentials
- WLD Token - Grants access to network benefits
Notable supporters: Optimism, Uniswap, Etherscan
Binance Scroll Listing Details
- SCR trading pairs: BTC/USDT/FDUSD/TRY
- Seed tag applied due to early-stage volatility
- Withdrawals enabled October 23
Financial Disclosures
Trump Family's Crypto Windfall
World Liberty Financial's gold paper reveals:
- DT Marks DEFI LLC (Trump-affiliated) gets 75% net revenue
- 22.5B WLFI tokens allocated (~$337.5M at launch)
- "No operational involvement or liability" clause
Institutional Bitcoin Adoption
Morgan Stanley's $272M BTC ETF position signals growing institutional acceptance post-SEC approval.
Featured Analysis
Public Companies Betting on Bitcoin
Top 5 BTC holders among listed firms:
- MicroStrategy - 226,331 BTC
- Tesla - 10,800 BTC
- Block - 8,027 BTC
- Marathon Digital - Held as treasury reserve
- Metaplanet (Japan) - 855.5 BTC (+450 in Oct 2024)
"BTC acts as both inflation hedge and stock price catalyst," observes market analysts.
EigenLayer's Restaking Revolution
Despite early controversies, the protocol achieved:
- $20B TVL within a year
- 100+ integrated projects (incl. Kraken, LayerZero)
- a16z-led $100M funding round
Founder Sreeram Kannan: "We're building Ethereum's security backbone."
FAQ: Crypto Market Dynamics
Q: Why did Worldcoin rebrand?
A: The new name reflects expanded scope beyond original biometric identity focus to encompass L2 infrastructure and decentralized governance.
Q: How does zkTLS enhance web security?
A: It enables third-party data verification without compromising privacy through zero-knowledge proofs at the transport layer.
Q: What's the risk of seed-tagged assets like SCR?
A: Seed tags indicate higher volatility and lower liquidity. Binance applies stricter monitoring for investor protection.
Q: Will Trump's WLFI affect election campaigns?
A: Project documentation explicitly states no political affiliation, though timing raises questions.
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ChainCatcher reminds readers to practice due diligence. This content represents market information, not investment advice. Report sensitive material via platform tools.
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