Bitwise has updated its filing with the U.S. Securities and Exchange Commission (SEC) for its spot Avalanche ETF. The revision changes the ETF's ticker symbol to BAVA and sets a sponsorship fee rate of 0.34%, currently the lowest among similar products. In comparison, VanEck's Avalanche ETF has a fee rate of 0.40%, and Grayscale's is 0.50%. The updated S-1 filing also states that the trust will be allowed to stake up to 70% of its AVAX holdings on Avalanche's proof-of-stake network to earn additional tokens. However, the issuer is considering deducting 12% of the proceeds as fees, with the remainder distributed to shareholders. Since competitors have not yet launched staking services, their fees are currently limited to sponsorship fees. Bitwise is also offering a full fee waiver for the first month on its initial $500 million in assets, aiming to position BAVA as the lowest-cost way for traditional investors to gain exposure to Avalanche and earn staking income. (CoinDesk)

Amundi, Europe's largest asset manager, has launched its first tokenized share class for a euro money market fund. The fund is now offered in a hybrid structure, allowing investors to choose between a traditional version and a new blockchain-based version. The first transaction was recorded on the Ethereum network on November 4th. This product launch was accomplished in partnership with European asset services group CACEIS, which provided the tokenization infrastructure, investor wallets, and a digital order system for processing subscriptions and redemptions. According to the two companies, tokenizing the fund simplifies order processing, expands investor reach, and enables 24/7 trading. (Cointelegraph)

Two members of the Balancer protocol community submitted a proposal on Thursday outlining a distribution plan for a portion of the funds recovered from the $116 million attack that occurred on the protocol in November. Of the $116 million theft, approximately $28 million has already been recovered by white-hat hackers, internal rescue teams, and the Ethereum liquidity staking platform StakeWise. However, the proposal only covers the $8 million recovered by white-hat hackers and the internal rescue team; the nearly $20 million recovered by StakeWise will be distributed separately to its users. (Cointelegraph)

Ethereum has spent the last six years in what Merlijn The Trader calls the longest consolidation in its history, a massive bullish pennant that most retail traders have forgotten even exists. source: https://www.ethnews.com/ethereums-6-year-bullish-pennant-faces-final-test-is-the-breakout-finally-here/

Gautam Adani is putting down $5 billion to back Google’s new AI hub in southern India, according to a report by Bloomberg. The money is going into a data center complex being built in Visakhapatnam, a port city in Andhra Pradesh, through Adani’s infrastructure arm AdaniConneX Pvt. , which is a joint venture between Adani Enterprises […] source: https://www.cryptopolitan.com/indias-adani-bankrolls-google-with-5-billion/

Nasdaq seeks a 4X boost to IBIT options limits, signaling rising institutional demand and potential gains for major Bitcoin ETFs. source: https://www.benzinga.com/etfs/sector-etfs/25/11/49119875/nasdaq-4x-options-ibit-bitcoin-etf?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

null source: https://x.com/DaanCrypto/status/1994460794533146909

The fire in Tai Po District is the deadliest in Hong Kong since 1948. source: https://www.thestreet.com/crypto/markets/crypto-tycoons-pour-in-millions-into-relief-after-hong-kongs-deadliest-fire-since-1948

According to ChainCatcher, data from Arkham reveals that at 01:18, a total of 16,230.75 BNB, valued at approximately $14.3 million, was transferred from ListaDAO to an anonymous address starting with 0xEB16.

Trading was halted for about 10 hours before being restored on Friday, sparking a public backlash from derivatives and commodities traders. source: https://cointelegraph.com/news/chicago-mercantile-exchange-halts-trading?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Circle, a stablecoin, is poised to take over South Korea's payment system? A "stablecoin defense war" erupts in South Korea: banks and gaming giants join forces to defend the Korean won. Golden Finance reports that the traditional narrative of "de-dollarization" is being replayed in the blockchain world.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Just yesterday, Dunamu and Naver Financial announced their merger plans, and today Upbit's assets were stolen. This undoubtedly poses a challenge to their expansion plans, especially at a sensitive time when they are considering a Nasdaq IPO.

The darkest moments in human history have often been when the "offensive advantage" of technology outweighs the "defensive advantage," and d/acc aims to reverse this imbalance.

Recommended reading tonight: 1. Why are traditional financial derivatives trading becoming perpetual contracts?; 2. What are the two applications Vitalik strongly supports? Is private communication the next big thing?; 3. Why are new public blockchains met with criticism from the very beginning?

Stablecoins, the collapse of stablecoin yields: Is the era of easily earning cryptocurrency yields really over? (Jinse Finance)

South Korea is tightening crypto rules by extending the Travel Rule to smaller transactions of 1 million won (around US$680). Exchanges and users will face stricter reporting and checks to stop illegal activity and improve market oversight.

Cryptocurrency, Token Economy, Tokenization of Equity in Non-Listed Companies: A Trillion-Dollar "Siege" and Attention Stealed by Perpetual Contracts. Golden Finance: How can equity tokenization break down the institutional monopoly on equity in non-listed companies?

Earlier this year, MOVE, the token of the Movement Foundation, plummeted by nearly 20% after market makers dumped $38 million worth of it, leaving retail investors deeply trapped.

Uptober had a strong start, driven by Bitcoin hitting a new all-time high.