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More →GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins
<strong>[PRESS RELEASE – Singapore, Singapore, October 20th, 2026]</strong> <strong>The discretionary buyback represents close to 1% of circulating supply and precedes four planned product milestones culminating in Grvt 2.0.</strong> <a href="https://grvt.io/" rel="nofollow noopener" target="_blank">>Grvt</a>, a self-custodial trading platform built on its own zero-knowledge (ZK) chain, announced that the Foundation’s token issuer has completed its first GRVT token buyback, purchasing and burning 1.1 million GRVT tokens on the open market. The transaction permanently removed close to 1% of GRVT’s circulating supply at the time of purchase. It marks the first of five milestones ahead of the planned launch of Grvt 2.0 at the end of November 2026. <strong>A Discretionary Buyback with On-Chain Verification</strong> The Foundation’s token issuer intends to conduct further buybacks on a monthly basis. Each transaction remains entirely at the issuer’s discretion, with no predetermined purchase amount or guaranteed schedule. Buybacks are executed through an independent execution partner, with purchased tokens transferred to a designated burn address and permanently removed from circulation. The transactions can be independently verified through the <a href="https://grvt.io/exchange/buybacks" rel="nofollow noopener" target="_blank">>public buyback dashboard</a>, which records the number of tokens purchased and burned, the percentage of circulating supply represented, cumulative burns and on-chain transaction hashes. “The GRVT token is an important part of the ecosystem we are building,” said <strong>Hong, co-founder and CEO of Grvt</strong>. “We welcome the issuer’s buybacks as a demonstration of its long-term commitment to the ecosystem and community. Grvt is expanding its products and markets, and the issuer’s buybacks sit alongside that as a supportive mechanism aimed at reducing circulating token supply.” <strong>Grvt Outlines Four Product Milestones</strong> The announcement follows GRVT’s token generation event in July 2026 and precedes a series of planned launches. <strong>Grvt Earn, scheduled for the End of October,</strong> will introduce yield opportunities backed by tokenized assets, with target yields of up to 11%. Potential returns are expected to derive from underlying asset cash flows, including interest, premiums and invoice-related income. Asset-supplying partners will be announced at launch. Target yields are not guaranteed. <strong>Stable Funding Perps, scheduled for November,</strong> will introduce perpetual futures linked to commodities, stocks, foreign exchange and indices. The contracts are planned to carry zero trading fees and use once-daily funding. Grvt aims to list more than 1,000 markets by the end of December 2026. <strong>Yield as Margin, also scheduled for November,</strong> will allow eligible Grvt Earn balances to support trading positions while continuing to accrue yield, subject to applicable product terms
Injective partners with bdacs to introduce the Korean won stablecoin KRW1.
CoinWorld data: Injective has partnered with South Korean custodian bdacs to bring the Korean won stablecoin krw1 onto the Injective network as the exclusive settlement asset for RWA and tokenized assets. Minting and redemption of krw1 are available only to approved institutions and require regulatory approval. South Korea's top five crypto exchanges have seen net stablecoin outflows to overseas platforms for 18 consecutive months, totaling approximately $10.4 billion.
Bitcoin rose $1,600 in 40 minutes, retesting $83,000.
According to data from Bijie.com, Bitcoin rose $1,600 within 40 minutes, retesting the $83,000 mark.
Injective signs memorandum of understanding with South Korea's BDACS to introduce a Korean won stablecoin
According to CoinWorld news, the Injective blockchain has signed a memorandum of understanding with the South Korean digital asset custody institution BDACS, planning to bring the Korean won stablecoin KRW1 issued by BDACS into Injective's real-world asset (RWA) ecosystem as the exclusive Korean won-denominated settlement asset for tokenized asset trading and settlement, so that relevant transactions do not need to be routed through US dollar stablecoins. KRW1 is backed 1:1 by Korean won reserves, and its minting and redemption will be open only to approved institutional partners and will be subject to regulatory approval requirements. The two parties have not yet disclosed a specific launch date.
An unknown wallet transferred 29,458 ETH to Coinbase Institutional.
According to data from Bijie.com: Whale Alert monitoring shows that 29,458 ETH (approximately $72,105,694) has just been transferred from an unknown wallet to a Coinbase institutional account.
BTC breaks through the $83,000 mark
CoinWorld data: BTC is currently at $82,984.01, up 0.68% in 5 minutes. Please be aware of market volatility.
BTC突破83000 USDT，24H涨幅1.21%
CoinWorld data: OKX market data shows BTC is currently trading at 83,004 USDT, with a 24-hour gain of 1.21%.
Bitcoin Suisse enters the Portuguese market, offering trading and custody services.
Bitcoin Suisse, a Swiss broker, has announced its entry into the Portuguese market and will operate under the EU's MiCA rules. The company manages assets worth $35 billion.
Circle's revenue in the first half of 2026 was $1.4 billion, with a net profit margin of about 7%.
CoinWorld data: Stablecoin issuer Circle's revenue in the first half of 2026 reached $1.4 billion, of which $819 million was used to pay USDC distribution partners and transaction costs, and $473 million was used for licensing, banking partnerships, liquidity, and compliance expenses, with a net profit margin of about 7%. Circle holds more than 55 licenses and registrations, partners with more than 25 banks, and deploys native USDC on more than 35 blockchains. In the first half of the year, USDC minting and redemption volume exceeded $315 billion, on-chain transaction volume exceeded $36 trillion, and in June it accounted for 77% of global stablecoin transaction volume. In the second quarter, minting and redemption volume reached $170 billion, an increase of 105% year over year.
French lawmakers back stablecoin transaction tax by a single vote
CoinWorld data: French lawmakers on Friday passed by a single vote an amendment treating exchanges between cryptocurrencies and stablecoins as taxable events. Of the 100 representatives who voted, 38 supported the amendment, 37 opposed it, and 25 abstained, with the final result of 75 votes exactly reaching the required majority of 38 votes. Under the amendment, starting January 1, 2027, stablecoin transactions will be treated as sales, and gains will be taxed at France's flat rate, which has been raised from 30% to 31.4%. In addition, the amendment requires holders to declare their self-held crypto assets at year-end, with failure to declare subject to a fine of up to 10,000 euros.