institutional

According to PR Newswire, Marble, an institutional multi-asset trading and computing credit company founded by former BitGo and Galaxy Digital executives Matt Ballensweig and Leon Marshall, has announced its launch and completed a $11 million seed round financing, led by Polychain Capital, with participation from institutions such as Maven 11, Ripple, Susquehanna Crypto, Lattice, Blockwall, and several angel investors in the AI field.Marble operates through two business lines. Marble Compute focuses on building private credit channels for AI infrastructure, connecting institutional lenders with neoclouds and GPU operators; Marble Markets builds an institutional trading platform covering digital assets, real-world assets, prediction markets, and computing power.The two founders serve as co-CEOs: Ballensweig was the global trading head at BitGo, and Marshall was the CEO of Galaxy Digital's European operations.

According to official news, ZKsync announced the launch of Prividium Connect, which supports financial institutions in conducting privacy-preserving atomic transactions between existing blockchain networks without relying on trusted intermediaries or third-party bridging services.This solution verifies whether transactions comply with agreed rules through zero-knowledge proofs and protects sensitive information such as institutional account balances, asset positions, and customer identities; if either party fails to complete the delivery on time, they can reclaim their respective assets.Prividium Connect currently supports Hyperledger Besu and Prividium Ledger, and will expand to more networks in the future based on customer demand. ZKsync also proposed deploying a standardized version on public chains, with related activation, integration, and fee parameters still needing community governance approval.

According to The Defiant, Animoca Brands announced that the group's Executive Chairman Yat Siu will take on the role of CEO to advance the company's strategy in artificial intelligence and institutionalization.At the same time, the current group president Evan Auyang will transition to a senior advisor on the board. After assuming the role of CEO, Yat Siu will retain his position as Executive Chairman.

The unemployment rate data for the United States in October will be released at 21:30 Beijing time tonight. Société Générale, Capital Economics, Danske Bank, High Frequency Economics, Barclays, JPMorgan Chase, Nomura Securities, and UBS expect it to be 4.1%; ING, Morgan Stanley, ANZ, Montreal, Berenberg, Bank of America Merrill Lynch, and Jefferies expect it to be 4.2%.Citigroup, Deutsche Bank, Daiwa Capital, Goldman Sachs, Commonwealth Bank of Australia, HSBC Holdings, ING, Sumitomo Mitsui Trust, Deutsche Bank, National Bank of Canada, Pantheon Macroeconomics, Standard Chartered, Stifel, Sparta Capital, Allied Irish Banks, TD Securities, and Wells Fargo expect it to be 4.2%; Mizuho Securities and Westpac expect it to be 4.3%. Reuters expects it to be 4.2%.

According to Whale Alert monitoring, at 23:52 Beijing time, an unknown wallet transferred 813 BTC to Coinbase Institutional, equivalent to approximately 65.4 million USD based on the price at the time of the transfer.

According to Whale Alert monitoring, at 23:17 Beijing time, 21,294 ETH was transferred from an unknown wallet to Coinbase Institutional, valued at approximately 51.84 million USD based on the price at the time of transfer.

According to Whale Alert, 668 BTC (approximately $52,446,502) were transferred from Coinbase Institutional to an unknown wallet.Earlier at 17:24, another 1,086 BTC (approximately $8,508,000) were transferred from an unknown wallet to Coinbase Institutional.

Matthew Sigel, the Head of Digital Asset Research at VanEck, stated that Citigroup Wealth released a report titled "Expanding the Investable Universe: A Guide to Crypto ETFs," recommending spot BTC and ETH ETFs to suitable clients as a way to allocate digital assets through regulated brokerage accounts beyond stocks and bonds. Additionally, on August 18, Citigroup announced that its new Custody+ platform will begin holding Bitcoin for institutional clients this year.Sigel noted that this will make Citigroup the 6th bank among the 29 global systemically important banks to have launched or announced institutional Bitcoin custody, following BNY, Standard Chartered, Société Générale, State Street, and Deutsche Bank. BNY, Standard Chartered, and SG-Forge have been licensed and are serving institutions, while Deutsche Bank stated it will launch within weeks, and JPMorgan has indicated it will not provide custody at this time. Sigel mentioned that last week's Binance hacking incident may be one reason for Citigroup not announcing the timeline, as he heard the service was originally set to launch last week.

Ethereum Institutional announced the appointment of former UBS Executive Director Laurens Schepens as the Head of Asia-Pacific, based in Singapore, responsible for promoting the adoption of Ethereum among financial institutions in the Asia-Pacific region.Schepens has over 15 years of experience in banking and financial services, previously overseeing UBS's digital asset business in the Asia-Pacific region and participating in the development and expansion of UBS Tokenize's tokenization services, covering structured products, funds, bonds, and equities.

Garlinghouse stated that Ripple will prioritize the use of XRP in suitable scenarios, but some transactions are more suitable for using fiat currency or Ripple's stablecoin RLUSD. He introduced that about half of the RLUSD is issued on the XRP Ledger, which can bring liquidity and trading volume to the network. He also mentioned that XRP can serve as a bridge asset between different currency pairs.

According to Whale Alert monitoring, 550,157 SOL were transferred from an unknown wallet to Coinbase Institutional, worth approximately 52.67 million USD.

According to Whale Alert monitoring, at 02:31 Beijing time, 1,301 BTC were transferred from Coinbase Institutional to an unknown wallet, worth approximately 100.22 million USD.

The Stellar Development Foundation (SDF) announced a strategic investment in the Asia-Pacific digital market infrastructure operator Marketnode to expand the channels for institutional investors to access tokenized real-world financial assets through the Stellar network.Marketnode is supported by Euroclear, HSBC, Singapore Exchange Group, and Temasek, with operations covering the issuance, distribution, and servicing of funds, credit, and structured products, connecting asset management institutions, issuers, distributors, and qualified investors.

According to official news, Jupiter has partnered with BitGo to launch a validator for institutions. BitGo's institutional clients can now directly use Jupiter to stake SOL through their existing custody accounts.

According to official social media news, Huobi HTX will hold a roundtable discussion today at 20:00 on the theme "ETF and Corporate Coin Hoarding: Is Institutionalization the Coming of Age for Crypto or a Slow Poison?" At that time, Mei Yangyang and Bafang will dialogue with DaDa and Draco, discussing hot topics such as the capital flow of Bitcoin spot ETFs, the cryptocurrency asset reserve strategies of listed companies, and the entry of institutional capital. They will deeply analyze the impact of the institutionalization trend on the liquidity, price volatility, and market structure of the cryptocurrency market, and explore the long-term opportunities and potential risks of the Crypto market under institutional dominance.Reserve the live broadcast: https://www.htx.net.im/zh-cn/live/detail/h5?id=122646&invite_code=gui6e223&inviter_id=11351630

Coinbase Institutional Co-CEO Brett Tejpaul stated in an interview that the "second wave" of institutional funds for Bitcoin has arrived. He revealed that the seven largest banks in the world are currently operating on Coinbase's infrastructure and are experiencing their own "Kodak moment," as these banks begin to move funds from traditional accounts to on-chain settlements.Tejpaul indicated that the core driver of institutional adoption has shifted from Bitcoin ETFs to stablecoin payments. Funds can now be transferred from Citibank accounts to USDC, cross-chain in a second, and then enter corporate accounts on the other side. He disclosed that the scale of stablecoin settlements has reached $400 million per hour, but relative to the overall payment market, it is still just "a speck of dust," with payment service providers adopting it on a large scale ahead of banks. Additionally, Coinbase is connecting U.S. funds to Deribit, which holds 85% of the options market share.When discussing Bitcoin, Tejpaul believes the macro environment is good, but the price performance is disappointing, and institutions currently view it as a tech-related trade. He also mentioned that stablecoins and agency-style commerce have arrived almost simultaneously, and Coinbase is advancing a transformation from "Amazon to AWS" to activate infrastructure across the United States, disclosing that it holds about 90% of the market share in Bitcoin ETF custody.

According to Chainlink's official blog, Chainlink has officially launched the CustodySync solution, allowing qualified custodians to enable their institutional clients to participate in the DeFi lending market under the premise of asset retention custody. Anchorage Digital, a federally chartered digital asset bank in the United States, is the official launch partner.This solution publishes custody balances on-chain through Chainlink Proof of Reserve and issues tokenized certificates representing custody assets with transfer restrictions as collateral in the lending market; the custodian and the lending protocol calculate the Loan-to-Value (LTV) based on the same price data from Chainlink Data Feeds and Data Streams, with the designated collateral agent executing sales when liquidation is triggered. Chainlink states that the current scale of digital asset custody is approximately $700 billion, with deposits in the DeFi lending market exceeding $80 billion and active loans over $30 billion.

Blockstream Chief Marketing Officer Peter Bain stated in a recent interview that Bitcoin has maintained the $81,000 mark amid stock market sell-offs, rising 10-year U.S. Treasury yields, and turmoil in Europe, which he described as "a very, very strong signal." He made this statement during a conversation with Grace Remington and Sean Hagan.Bain emphasized that technological development precedes price and discussed topics such as adoption, stablecoins, and tokenized stocks. He introduced Blockstream's new center established in Lugano and a new consulting department aimed at institutional clients, while explaining why treasury companies are mainly concentrated in the United States and why Switzerland will become the next market—Switzerland's clear regulatory framework and strong banking foundation make it an ideal launch market.Regarding quantum computing, Bain believes that the related threats will take decades to materialize, and that Bitcoin's real weaknesses lie elsewhere. He referenced the PHP vulnerability incident, stating that the industry needs to rethink the way software is released, and introduced Blockstream's research on quantum-resistant signature solutions, how consensus can be reached for quantum upgrades, and the Bitcoin Security Alliance. Additionally, he provided the first update on the Liquid Network event progress: the exchange service has been restored, the network is back online, and users can transfer Bitcoin back to the main chain. Looking ahead to 2027, Bain stated that institutional clients believe Bitcoin "is expected to usher in a major bull market."