on-chain

According to Chainwire, on-chain transaction infrastructure provider Orbs announced a strategic investment in CRYMBO.CRYMBO is a financial infrastructure platform aimed at licensed institutions, helping banks, payment service providers, and brokers launch digital asset services under their own brands and regulatory frameworks. The announcement stated that institutions entering the on-chain market need to handle identity verification, compliance, custody, settlement, payments, and reconciliation in addition to liquidity and blockchain technology.CRYMBO connects over 75 service providers through a single integration, covering custody, liquidity, banking channels, payments, identity verification, and transaction monitoring, allowing institutions to coordinate these services in a customized process while retaining service provider choices. The platform does not hold customer funds or private keys, and institutions operate under their own brands and licenses.Officials stated that the platform has served licensed institutions, processing a cumulative transaction volume of over $2 billion. The infrastructure is ISO 27001 certified and built in accordance with EU MiCA and Financial Action Task Force Travel Rule requirements.Orbs CEO Ran Hammer stated: The adoption of on-chain finance by institutions depends on infrastructure that adapts to the realities of regulated financial services. Orbs focuses on trading and execution, while CRYMBO provides the compliance, identity, and operational layers that institutions need.Orbs offers dSPOT spot trading, dPERPS perpetual contracts, and on-chain execution services through its own Layer 3 network, with a cumulative execution transaction volume exceeding $14 billion. CRYMBO founder and CEO Eyal Daskal stated: The collaboration between the two parties will help expand business and reach more customers.

The stablecoin USDC issuer Circle announced its Q3 2026 financial report, with total revenue and reserve income reaching $865 million, a year-on-year increase of 17%. The net profit from continuing operations was $226 million, a year-on-year increase of 5%; adjusted EBITDA was $317 million, a year-on-year increase of 85%.Breaking it down, reserve income was $658 million, a year-on-year decrease of 8%; other income was $207 million, a year-on-year increase of 627%, of which $182 million came from the ARC token presale. In Q3, the average circulation of USDC was $73.3 billion, a year-on-year increase of 8%; on-chain transaction volume reached $13.9 trillion, a year-on-year increase of 49%. At the end of the period, USDC's market share was 27%, and the number of wallets holding over $10 USDC reached 7.3 million, a year-on-year increase of 16%.In terms of business, Circle's payment network achieved an annualized total payment volume of $41.3 billion. The company has signed a definitive agreement to acquire the Singapore cross-border payment platform Tazapay, with the transaction expected to be completed in 2027. Additionally, Circle laid off about 5% of its workforce in Q3 and maintained its full-year financial guidance for 2026.

On November 3, the cryptocurrency trading platform Robinhood's Robinhood Crypto announced that it is collaborating with the Ethereum scaling network Arbitrum to support projects launched on its Ethereum Layer 2 network, Robinhood Chain, through Open House. This series is aimed at developers, founders, and mentors, with a total funding amount of $1.8 million.The next phase is the second session of the Arbitrum Mentorship Program, lasting 12 weeks, where participants can connect with investors and ecosystem partners, and present at Demo Day. The individual funding amount is $100,000. Applications are open until December 6, 2026.

On November 3, Veda, an on-chain treasury infrastructure provider, announced that Veda, Aave Labs, and Kamino Foundation released a public summary of a legal framework discussing how U.S. federal securities laws apply to decentralized lending protocols and non-custodial treasuries. Veda stated that the framework addresses how securities laws should apply when financial activities traditionally performed by intermediaries are executed by smart contracts, and ownership, control, and decision-making are decentralized among different participants. The three parties submitted a more detailed version to the U.S. Securities and Exchange Commission (SEC) on October 26 and requested to communicate with the commission's staff. Aave Labs clarified that the detailed version was submitted to the SEC's crypto working group and corporate finance department, and requested a meeting with the staff, with the complete submitted documents remaining confidential.Veda stated: Securities regulation should follow the rights, obligations, and powers that are actually formed by arrangements, including who owns the assets, who bears the obligations, who exercises the authority, and whose economic outcomes are affected. Common infrastructure, receipt tokens, or discretionary service providers cannot unilaterally decide the above issues. The document analyzes against the Howey investment contract standard, Reves note standard, the Investment Company Act of 1940, and the Investment Advisers Act of 1940, and concludes that the analyzed agreements and treasury arrangements do not constitute investment contracts or notes, and the described treasury does not constitute an investment company, nor does the discretionary investment compensation necessarily constitute custody of client assets.Veda also stated that these conclusions depend on the specific structure, contractual arrangements, and distribution of rights and powers described in the document; if the ownership structure, repayment commitments, discretionary powers, or redemption restrictions differ, the legal analysis may also change. This submission did not request the SEC to establish exemptions, safe harbors, or specialized regulatory regimes for decentralized finance, but rather to apply existing securities laws and ask the commission to confirm that the law has distinguished between activities such as issuance, investment management, and custody. The blog post noted that the content is for informational reference only and does not constitute legal advice, and the SEC has not endorsed the conclusions of the document. According to publicly available information from RootData and Veda, Veda was established in 2024 and completed an $18 million financing round led by CoinFund in June 2025.

On-chain lottery protocol Megapot announced that it will close the official application megapot.io and the Telegram application on December 1, shifting its focus to the enterprise-level lottery platform Prizerail, which operates independently of the protocol. Public information shows that the project has received support from Dragonfly and Coinbase Ventures. Megapot stated that the protocol itself will not change, remaining fully on-chain and permissionless, and applications or tokens built on this protocol can continue to operate. As of October 29, the official website and Telegram mini-program have stopped ticket sales; the liquidity supporter program, registration rewards, referral rewards, and guaranteed bonuses have all ended, and the points program is suspended. Bonuses that have been earned can still be claimed, and users can currently withdraw their balances without identity verification.Megapot explained that after December 1, on-chain lottery bonuses and referral fees can still be claimed through Basescan or third-party applications; guaranteed bonuses belong to off-chain projects and must be claimed before that date, with bonuses in the form of free lottery tickets available for claim in USDC. Accounts logged in with email, X, or Telegram must withdraw funds before December 1, after which the accounts will be unavailable; users who connect their wallets independently will still own their lottery tickets and bonuses. Liquidity providers can continue to provide liquidity or withdraw at any time, and the team stated that no new supporter programs will be launched. The data interface is currently considered deprecated, and the team will no longer maintain it, with services set to stop later.Regarding the reasons for the adjustment, Megapot stated that most applications use lotteries as rewards for deposits, transactions, and referrals, with the majority of the protocol's transaction volume coming from this usage. To serve larger-scale applications, the team launched the enterprise brand Prizerail, which generally requires compliance with U.S. regulations, provides legal memorandums to payment service providers, and does not wish to be associated with betting. The team stated that they have communicated with legal advisors and will provide the above capabilities independently of Megapot. Among the 20 potential clients generated after the introduction in Singapore, 19 chose Prizerail, and only 1 chose Megapot. There are already dozens of independent applications on the protocol, which have paid out over $1 million in bonuses, with ticket sales increasing threefold in the past three months, and the liquidity pool in the past month not relying on incentives for the first time.

User jujudog69 claims to be a former employee of the on-chain visualization platform Bubblemaps and accuses it of signing a secret agreement with the tool platform Proxima, which helps bundled buyers evade detection. The user alleges that starting from April 2025, Proxima pays Bubblemaps $45,000 per month for consulting support such as clustering algorithm parameters, and has attached what is claimed to be contract evidence.Bubblemaps officially responded and refuted the above accusations, stating that the document is a forged AI-generated content. The vulnerabilities they listed include: the publisher is not a former employee and is actually promoting their own competing product; the CEO's email in the document is fabricated; the contract is dated April 2025, but the listed headquarters address is the current address that the team moved to later, which does not match public legal registration records.Bubblemaps stated that the team is small and is aware of the identities of all former employees, and called on the industry to be vigilant against malicious smear campaigns from competitors.

Arbitrum officially stated that Aero has entered the top three decentralized exchanges by daily trading volume on the chain just 12 days after its launch.

Bonk Guy posted that Robinhood Chain may lead the next wave of on-chain speculation and believes that the lower the prices of related projects, the more actively one should pay attention to buying opportunities on dips.He acknowledged that buying now may face significant psychological pressure, and there will be bearish voices in the market, but he believes that investors should not waver in their convictions and should view the current pullback as an opportunity worth noting in this cycle.

Solana disclosed that the stablecoin card spending on its network reached 7 times that of the same period last year.

On-chain analyst Ai Yi stated that a certain whale redeemed assets from Compound during a drop this morning, and then sold 1,470 ETH (worth 3.31 million USD), 63.46 WBTC, and cbBTC (worth 4.868 million USD) on-chain. This address had not operated for 22 days prior.

According to CoinDesk, the New York Stock Exchange (NYSE) announced a partnership with Wall Street financial services giant Broadridge Financial Solutions to provide on-chain governance and digital transfer agent services for its planned tokenized stock trading platform, covering functions such as shareholder record management, investor communication, and proxy voting.In the future, investors will be able to participate in shareholder voting through supported wallets, brokerage platforms, or Broadridge's existing ProxyVote service. Broadridge will help retain the shareholder rights of traditional markets while enabling tokenized stocks to trade on-chain. The company currently serves over 10,000 publicly traded companies worldwide and processes over $150 trillion in securities transaction settlements daily. Previously, Securitize and tZERO have also been included in the transfer agent service layout for the NYSE tokenized platform.

Solana stated that its on-chain tokenized stock trading volume reached 3.9 billion dollars.Sunrise disclosed that its monthly trading volume of tokenized stocks exceeded 2 billion dollars.

According to Ember Monitoring, 10 minutes ago, an address spent 34.69 million USDC to buy 15,216 ETH, with an average purchase price of about $2,279. The USDC used for the purchase was withdrawn from Kraken just this morning.

On-chain researcher Zeeme posted a lengthy analysis on X, explaining why hackers can attack Binance, Bybit, and Bitget, but find it difficult to breach Coinbase. He stated that Coinbase holds approximately 959,000 BTC, worth about $10.33 billion, and has not suffered such attacks in 14 years.Zeeme indicated that most exchanges concentrate billions of dollars in a few hot wallets for quick withdrawals; Coinbase, on the other hand, employs multi-party computation (MPC) technology, where the complete private key never exists on disk or in memory. Each key is split into shards upon generation and stored on isolated hardware chips.He compared that in October, after hackers compromised a DevOps personnel's computer at Binance and hijacked hot wallet signatures, they transferred approximately $6.36 billion within 20 minutes; whereas at Coinbase, even if they breach an engineer's computer, they can only obtain a useless shard of the key.Additionally, Zeeme later corrected that the approximately 69.8 million addresses mentioned in the post are Coinbase's deposit addresses, not the wallets holding funds, as Coinbase also has both hot and cold wallets.

According to the official announcement from Uniswap, Uniswap has launched the on-chain fee conversion framework TJAR, allowing applications to automatically convert various token fees collected into a specified token without the need to build complex cross-token exchange infrastructure.Currently, TJAR has been launched on 7 blockchains.

The on-chain trading terminal Genius posted on X that it is expanding the role of GENIUS in the ecosystem, introducing revenue-driven buybacks and burns, and adding new benefits for token holders within the Genius App.The official announcement listed three arrangements. First, a portion of the revenue generated by the Genius App will be used to buy back GENIUS from the market and permanently destroy it, directly linking product activity to token supply. Second, holding GENIUS will provide discounts on subsequent transaction fees within the app and other Genius applications. Third, users holding at least 1,000 GENIUS will be certified and displayed as top users within the app, while also potentially receiving subsequent gifts and other in-app benefits.Genius's official profile describes it as an on-chain trading terminal, supported by YZi Labs and in collaboration with the Genius Foundation. The team announced on October 27 the launch of the Genius App on the BNB Chain, integrating trading, social interaction, and token creation into mobile.

According to official news, the on-chain interest rate trading and hedging exchange Rates Exchange announced that it has received investment from Coinbase Ventures, with the amount undisclosed.It is reported that Rates Exchange is an on-chain order book trading platform for trading and hedging interest rates. The platform currently offers interest rate swaps and plans to launch calculation swaps, foreign exchange swaps, and fixed-rate equity options.

BNB Chain stated that it supports Binance and the relevant teams that have been continuously handling security incidents since last night, and confirmed that BNB Smart Chain, opBNB, BNB Greenfield, and the BNB Chain cross-chain bridge have not been affected by this incident. Currently, all networks are operating normally, and the funds on BNB Chain are secure.BNB Chain also expressed full trust in the Binance team to handle this incident and will continue to collaborate with ecosystem partners to strengthen security protection and maintain industry trust.