Crypto Morning Brief: Coinbase announces BNB listing, Limitless launches LMTS token airdrop
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Crypto Morning Brief: Coinbase announces BNB listing, Limitless launches LMTS token airdrop
Prediction market Polymarket is in talks to raise funds, with a potential valuation of $15 billion.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
Hong Kong approves first Solana spot ETF, scheduled to list on October 27
According to the Hong Kong Economic Times, the Securities and Futures Commission of Hong Kong has approved the first Solana (SOL) spot ETF, making SOL the third cryptocurrency—after Bitcoin and Ethereum—to receive approval for a spot ETF. Managed by China Asset Management (Hong Kong), the ETF is expected to begin trading on October 27, 2025, under stock code 03460. The minimum trading lot is 100 units, requiring a minimum investment of approximately HKD 780, with a management fee of 0.99%.
Coinbase announces BNB listing
According to an official announcement, Coinbase will list BNB. Once liquidity conditions are met, the BNB-USD trading pair will become available in supported regions.
BNB will be available on coinbase.com, the Coinbase App, and Coinbase Advanced. Institutional investors can access BNB directly through Coinbase Exchange.
Binance Alpha rule update: When daily balance points are 0, trading volume points and task points will also be counted as 0
According to an official announcement, Binance Alpha has updated its points rules: if daily balance points are 0, trading volume points and task points will also be set to 0. This rule is effective immediately.
Prediction market platform Limitless announces LMTS token airdrop claim
According to an official announcement, prediction market platform Limitless has launched its LMTS token airdrop. Eligible users include Q1 traders from Limitless Points and Wallchain Epoch 1 Quackers. Users can check their eligibility and claim the airdrop via the official link.
Earlier, Limitless revealed its tokenomics: total supply of 1 billion tokens, with 24.37% allocated to airdrops and incentives.
Market news: Specific NFT holders receive higher allocation in MegaETH presale
According to market news, under MegaETH’s presale rules, specific NFT holders are eligible for higher allocation.
Liquid staking protocol Kinetiq launches token KNTQ, to airdrop 1% and 24% to Hypurr and kPoints holders respectively
According to an official announcement, Kinetiq, a liquid staking protocol on Hyperliquid, has launched its governance token KNTQ. The total supply of KNTQ is 1 billion, with:
30% allocated to protocol growth and rewards;
25% distributed to Genesis event participants (1% and 24% airdropped to holders of Hypurr and kPoints tokens, respectively);
23.5% awarded to core contributors;
10% reserved for Kinetiq Foundation operations;
7.5% allocated to early investors;
4% used to provide market liquidity.
Aave DAO proposes “$50 million annual Aave buyback program” related proposal
According to Aave DAO’s governance page, Aave DAO has proposed a related motion for a "$50 million annual Aave buyback program."
Moonbirds parent company CEO: Executing one of the largest deals in Moonbirds history
Spencer, CEO of Orange Cap Games, the parent company of Moonbirds, stated that they are currently executing one of the largest transactions in Moonbirds' history.
Kalshi receives VC interest, valuation potentially reaching $10–12 billion
According to Cointelegraph, prediction market platform Kalshi announced a partnership with the National Hockey League (NHL), becoming the NHL’s official prediction market partner.
Prediction market Polymarket in talks for funding round at potential $15 billion valuation
According to Bloomberg, prediction market platform Polymarket is in early-stage funding discussions with investors, targeting a valuation between $12 billion and $15 billion—over ten times higher than four months ago. In June, Peter Thiel’s Founders Fund led a $200 million investment round at a $1 billion valuation. Earlier this month, Intercontinental Exchange, parent company of the New York Stock Exchange, announced plans to invest up to $2 billion in Polymarket at an approximate $8 billion valuation. These funding rounds have made Polymarket CEO Shayne Coplan one of the youngest self-made billionaires.
Crypto firm Cube plans SPAC merger, to purchase $500M worth of SOL reserves before completion
According to Newswire, special purpose acquisition company Mercer Park Opportunities Corp. has entered into a definitive business combination agreement with Cube Group, Inc., an innovative hybrid digital asset exchange enterprise. The transaction values Cube at $300 million and is expected to create a publicly traded entity aimed at transforming global capital markets by bridging traditional finance and decentralized finance.
Under the terms, Mercer Park will acquire Cube through a business combination, making Cube a wholly-owned subsidiary of the combined company. One condition for closing is that the post-merger company must use shares to acquire $500 million worth of Solana (SOL) tokens for its treasury. This treasury purchase is intended to optimize treasury management through staking yields.
Market Data
Suggested Reading
In 2025, why did physical gold outperform Bitcoin, the "digital gold"?
This article discusses how, in 2025, Bitcoin underperformed compared to gold. Central banks significantly increased gold holdings due to global economic and geopolitical uncertainties, driving gold prices sharply upward. In contrast, Bitcoin’s correlation with tech stocks intensified, challenging its status as “digital gold.” However, while gold holds advantages in stability and traditional value storage, Bitcoin still offers benefits in portability and decentralization in certain contexts. The article argues that gold and Bitcoin should be seen as complementary forces in wealth evolution rather than substitutes.
McKinsey 2025 Global Payments Report: Reflections on development across multiple payment rails
This article details McKinsey’s 2025 Global Payments Report, which analyzes the rise of multi-payment rails, the impact of digital assets, and AI-driven transformation, providing a roadmap for the future of the payments industry. The report highlights fragmentation and regionalization in payments, accelerated adoption of stablecoins and tokenized currencies, and AI-powered changes in payment models. It also explores how payment participants can adapt and capture value in this evolving landscape.
$100 into prediction markets or Memecoins—which offers greater opportunity?
This article compares prediction markets and Memecoin trading in terms of mechanisms, risks, returns, and suitability, exploring which approach holds more potential with a starting capital of $100. Prediction markets are characterized by information-driven, structured frameworks, while Memecoin trading relies heavily on luck and social sentiment, carrying extremely high risk.
The story of Bitcoin and the 2025 Nobel Peace Prize winner
This article explores the story of Maria Corina Machado, the 2025 Nobel Peace Prize laureate, and her connection to Bitcoin, illustrating Bitcoin’s potential as a tool for democracy and peace. It details how Machado used Bitcoin to resist Venezuela’s authoritarian regime, protect citizens’ wealth, and sustain opposition movements. The article also discusses Bitcoin’s significance in oppressive global environments, especially where traditional financial systems fail.
Bubblemaps data reveals: The full story behind Ocean Protocol’s $100 million token dump
This article covers allegations against Ocean Protocol for secretly selling community tokens, involving over $100 million in fund transfers. Fetch AI accused Ocean Protocol of converting $OCEAN into $FET via multi-sig wallets after the token merger and transferring large amounts of tokens to centralized exchanges (CEXs) and OTC providers. Ocean Protocol denied the allegations, calling them rumors, but has not issued a formal response.
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