Coin Bytes Archives - Timescrypto

Solana Company (HSDT) Advances $500M Unlock, Shares Drop 60% in Three Days

Previously known as Helius, Solana Company (HSDT), a Pantera-backed digital asset treasury company, has chosen to advance the unlock date for its $500 million PIPE transaction. The move allows early investors to sell their shares earlier than anticipated. The judgement seems to have shattered market confidence, as HSDT’s shares fell by about 60% in three days. The current share price is about $6.50, which is less than the $6.881 September issue price. According to analysts, investors hurried to cut losses or take profits after the early unlock, which probably caused a wave of selling. How vulnerable crypto-linked stocks are to liquidity shocks and shifting market opinion is demonstrated by the steep decline.

Polymarket Debuts 15-Minute Crypto Prediction Markets with Chainlink Integration

Polymarket has rolled out a new feature that lets users predict short-term crypto price moves in 15-minute intervals, powered by Chainlink’s trusted data feeds. The update allows traders to bet on whether a cryptocurrency’s price will go up or down within that window, combining the excitement of real-time trading with the transparency of blockchain. Chainlink’s decentralized oracle ensures price data is accurate and tamper-proof, keeping the system fair and reliable. With this launch, Polymarket is making crypto prediction markets faster and more interactive, opening the door for everyday users and professional traders alike to test their instincts in a secure, on-chain environment.

BlackRock Launches Bitcoin ETP Following UK Regulatory Shift

After the UK Financial Conduct Authority (FCA) relaxed its ‘crypto’ product rules, BlackRock launched the iShares Bitcoin ETP on the London Stock Exchange. The exchange-traded product provides exposure to Bitcoin (BTC) without the investor holding the asset. The first units are priced at approximately $11, which allows retail investors to buy fractions of Bitcoin within a regulated framework.

The launch occurs a matter of days after the FCA has reversed its four-year ban on crypto exchange-traded notes (ETNs), specifically stating that they are now approached and understood more readily, thus allowing for a better crypto investing environment. The retail ban on crypto derivatives still remains under the FCA policies; however, the FCA also encourages innovation, including using blockchain to tokenize funds, to support growth in asset management products.

BlackRock, within the UK financial markets, stands out as one of the major issuers of Bitcoin-linked funds. The ETP allows UK investors regulated access to digital assets like Bitcoin with clear prices and low order minimums.

Aster Returns to DefiLlama Amid Data Gaps

After being removed due to a dispute regarding the trading data, Aster has quietly returned to DeFiLlama. Its return was without announcements, leaving historical metrics incomplete and raising transparency concerns. Notably, Dragonfly managing partner Haseeb Qureshi points out those gaps on X, saying, “Are the numbers verified now?” Founder 0xngmi says the data is still a ‘black box’ but adds that the team is developing a system to include additional metrics. Aster requested relisting during this process.

Aster had been removed from DefiLlama after on-chain trading inconsistencies led to debates about what was wash trading versus legitimate activity. Therefore, missing historical data wouldn’t be able to legitimately represent market-share trends right now or the fee leaderboards or the cumulative revenue charts officially reset Aster’s footprint.

Despite this, Aster continues to lead the 24-hour and seven-day perpetual volume market at the moment; Hyperliquid and Lighter follow in second place. The gaps highlight ongoing concerns about data verification in DeFi.

ChainLink Surges 14% as Whales Snap Up $116M in LINK

ChainLink (LINK) surges 13.6% in the last 24 hours, leading a rebound in the cryptocurrency market from last week’s downturn. On-chain data from Lookonchain reveals that since October 11, 30 new wallets have withdrawn 6.26 million LINK (~$116.7M), suggesting whale accumulation.
ChainLink Labs’ Q3 report notes significant partnerships with Swift, the DTCC, and Euroclear, as well as a pilot partnership with the U.S. Department of Commerce as part of efforts to bring government data on-chain via its decentralized oracle network. ChainLink aims to expand from a decentralized oracle provider into a full-stack infrastructure for tokenized and real-world assets.
ChainLink is by far the dominant technology in the space for oracles, with a total value secured (TVS) of $62B (62% of market share) compared to Chronicle with $10B TVS. Increasing institutional activity and the presence of whales seem to play into building confidence about LINK’s utility long-term.

Andrew Cuomo Pushes Crypto Vision in NYC Mayoral Race

Former New York governor Andrew Cuomo launches a pro-crypto and tech-focused campaign in his bid to become New York City’s next mayor. He aims to make the city “the global hub of the future” by promoting growth in crypto, AI, and biotech.

Cuomo suggests the creation of a chief innovation officer and an Innovation Council with committees that focus on emerging technologies, workforce development, and regulatory assistance. The move could signal a new direction for bridging Wall Street and digital assets, though Cuomo has ties to crypto exchange OKX during its federal inquiry.

Cuomo’s race for this position will not be without rivals, as he has a Democratic primary candidate, Zohran Mamdani, who is less crypto-friendly. Cuomo defines himself as the candidate of innovation and aims to push New York City into technology and investment in “new age” sectors.

Strategy Can Buy $100M of Bitcoin in an Hour, Says Michael Saylor

Michael Saylor, executive chairman of Strategy, says his company can convert fresh capital into Bitcoin almost instantly, a speed unmatched by any other investment class. On the Market Disrupters podcast, Saylor reveals that Strategy can buy and sell $50–100 million worth of Bitcoin in the same hour and even raise a billion dollars in a single day with full exposure settled within hours.
Overall, Strategy is the largest corporate holder of Bitcoin, with 640,250 Bitcoin, representing nearly 2.5% of the total supply. Saylor stressed that Bitcoin corporate treasuries are real-time assets and exhibit a faster return than traditional assets such as real estate or technology. People who disagree with it, he says, are “strategically ignorant” and do not recognize the benefits of asset-backed collateral and instant trading.
Strategy’s approach highlights how corporate treasuries can influence the Bitcoin market quickly while delivering transparency and liquidity for investors.

Japan’s Financial Services Agency Considers Allowing Banks to Trade Bitcoin and Digital Assets

Japan’s Financial Services Agency (FSA) is contemplating policy changes that could allow banks to purchase, hold, and trade digital assets such as Bitcoin for investment purposes. The provision would enable banks to undertake crypto activities in much the same way they conduct transactions with some equities and government bonds, while managing the risks of the digital asset market and ensuring financial stability to safeguard consumers.

The outlined program would also permit banking consortiums to apply to be “cryptocurrency exchange operators,” therefore being able to provide a trading and exchange function to their customers. This regulation ultimately hopes to facilitate ease of investing into crypto through trusted financial institutions.

The conceptual regulation marks a departure from Japan’s guiding documents drafted in 2020 that declared such practice as prohibited. The new drafts signal Japan’s fascination and new willingness to embrace the world of crypto. With Japan’s debt-to-GDP ratio of about 240%, it could provide investors an alternative to traditional financial systems while also supporting the government’s wider sets of objectives for managing money.

Hyperliquid Overtakes Bitcoin and Ethereum in Trading Activity

Hyperliquid leads the charge in the crypto ecosystem, taking over trading volume and fees from the largest networks, including Bitcoin, Ethereum, and Solana. Within the past 12 months, Hyperliquid’s fees rose from $2.4 million to $41 million, a massive 1,600% increase. The growth started with the release of HIP-3, a protocol update that makes perpetuals more accessible to use and less expensive, adding an immense boost to user activity for the platform.

Hyperliquid now dominates with more than 60% of the perpetual DEX market and has generated more than $300 million dollars in revenue over the past year. In addition, Hyperliquid has seen success with the airdrop of its HYPE token, and with its fair point system, traders value the token and are actively using the platform. Although there has been volatility in HYPE’s token price recently, the swift rise of Hyperliquid emphasizes an important change in trader preference to cheaper, faster, and more efficient on-chain trading alternatives.

Bitcoin Trading Volume Hits $3.68B Peak as BTC Dips Below $105K

Bitcoin trends below $105K, and with trading volumes back to $3.68 billion, the highest volume level since March. Analyst Arab Chain concluded that this indicates that some “institutional” investors may be attempting to re-enter the market during a re-accumulation phase after a recent price decline.

On October 10, the price dip due to rising U.S.-China tariffs caused Bitcoin price to decline sharply from the $122K level to the $101K range, causing a liquidation of approximately $19B of leveraged positions bullish towards Bitcoin price above $100K. Following this, Bitcoin price climbed briefly above $116K before falling again, leading to an additional $1.1B in liquidation soon thereafter.

While holding above this support zone will likely help maintain the relative uptrend, historical “Uptober” data typically supports a price rally at the end of the month, and price recovery this month seems even more true as exchange reserves continue to reflect a steadily decreasing trend. While showing a year-on-year 58% return, it seems market buyers of Bitcoin are attempting to hold the excess market structure.

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