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The Smarter Web Company increased its holdings by 20 BTC, Futu Securities (Hong Kong) opened BNB deposits and withdrawals for professional investors

According to BBX data, last weekend, publicly listed companies and brokerages worldwide disclosed the latest developments in digital asset treasury allocation and trading channel services, with the core information as follows:The Smarter Web Company increased its holdings by 20 bitcoins: The London-listed technology company The Smarter Web Company officially announced that it recently made another asset allocation, increasing its holdings by 20 bitcoins. After this purchase, the company's total bitcoin holdings on its balance sheet have steadily risen to 2,850 BTC.Marinade released Q3 financial report, SOL staking volume increased significantly by 21.2%: The well-known Solana staking ecosystem project Marinade released its third-quarter financial report. The data shows that its SOL staking volume achieved significant growth, increasing by 21.2% to 7.94 million SOL. The company generated approximately $1 million in revenue for the quarter, demonstrating a robust cash flow in the on-chain staking ecosystem.Futu Securities (Hong Kong) launched BNB deposit and withdrawal services for qualified professional investors: Futu Holdings' Futu Securities International (Hong Kong) Limited officially announced the full launch of BNB deposit and withdrawal services for qualified professional investors (PI) in Hong Kong. Qualified investors can now use the BNB Smart Chain (BEP20) network to deposit funds from self-custody wallets to Futu crypto accounts or withdraw to verified whitelist addresses. Previously, Futu's wholly-owned licensed virtual asset trading platform in Hong Kong, PantherTrade, had already launched BNB trading pairs.

first_img Lido Lend plans to launch Fallback Exits to supplement withdrawals with borrower collateral

The lending protocol Lido Lend proposed by contributors will launch a withdrawal mechanism called Fallback Exits. When the market lacks sufficient liquidity of loan assets, lenders can utilize the collateral of borrowers to supplement withdrawal requests, and the corresponding debt of the relevant borrowers will be reduced. The protocol was launched on October 7 as a modified fork of Morpho Blue, built around isolated markets.According to the proposal, the collateral of borrowers will be passively utilized in order of the highest position risk, meaning positions closest to the liquidation loan-to-value ratio (LLTV) will be prioritized, while borrowers with very healthy positions are less likely to be affected. Taking the ETH/wstETH market as an example, lenders provide ETH, and borrowers stake wstETH to borrow ETH; if exiting through collateral, lenders will first be exposed to the staked tokens before receiving ETH. The proposal does not specify the qualification thresholds for healthy loans or the path for lenders to obtain ETH.Contributor Izzy stated in a post on October 16 that technical specifications and market parameters will be announced in the next two weeks, and the governance process and public audit must be completed before the mainnet launch. Details such as settlement valuation, debt offset formulas, fees, and limits have yet to be determined.

first_img WhiteBIT integrates the Lightning Network, supporting fast deposits and withdrawals of Bitcoin

Swiss cryptocurrency exchange WhiteBIT announced that it has integrated the Lightning Network, allowing users to deposit and withdraw Bitcoin through this network. This feature is technically supported by Bitcoin infrastructure provider Voltage, with a deposit fee rate of 0.25% and a withdrawal fee rate of 0.15%. Users can complete transactions using QR codes or payment information.WhiteBIT founder and CEO Volodymyr Nosov stated that WhiteBIT's mission is to make blockchain technology more accessible and widely adopted, achieving this goal by providing practical and user-friendly digital asset solutions. The addition of Lightning Network support makes Bitcoin faster and more useful, facilitating users to deposit accounts, send and receive funds, and use Bitcoin in more real-world scenarios.WhiteBIT is headquartered in Zug, Switzerland, and according to CoinGecko data, its trading volume ranks 17th among global exchanges. The exchange stated that this launch supports faster Bitcoin channels, with application scenarios covering remittances, exchange fund transfers, merchant QR code payments, and interoperability with wallets and applications that support the Lightning Network. The Lightning Network was launched in 2018, and this year its trading volume has significantly increased, mainly due to exchanges utilizing the network to transfer funds at low cost and high efficiency.
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