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More →Ramp applies for a national trust bank charter, valued at $60 billion.
According to CoinWorld news, Ramp announced that it has applied to the OCC to establish Ramp National Trust Bank. If approved, the charter would allow it to. Ramp stated that it will not accept deposits or issue commercial loans. This is the latest in a series of companies applying for bank charters this year, with Revolut and Crypto.com having already received conditional approval. Ramp's most recent valuation was $60 billion, and its annualized revenue has reached $2 billion.
The long-to-short ratio of SOL whale accounts is 2.6873.
CoinWorld data: The latest 4-hour snapshot for SOLUSDT shows that among the top 20% of accounts by margin balance, the long-short account ratio is 2.6873, with net long accounts outnumbering net short accounts among large holders. Compared with the same-metric snapshot 24 hours earlier, it is down 0.2281; compared with the same-metric snapshot 7 days earlier, it is up 0.0162.
The long-short ratio of ETH whale accounts is 2.2798.
CoinWorld data: The latest 4-hour snapshot of ETHUSDT shows that among the top 20% of accounts by margin balance, the long-short account ratio is 2.2798, with net long accounts outnumbering net short accounts among large holders. Compared with the same-caliber snapshot 24 hours ago, it is down 0.2045; compared with the same-caliber snapshot 7 days ago, it is up 0.4243.
USDC burns exceed $151 million.
According to data from Bijie.com: Whale Alert monitoring shows that the USDC Treasury recently burned 151,482,287 USDC, which is approximately $151,551,969 at the current exchange rate.
OKXICE stock tokens face exit of 10 companies, says Mike Cagney
According to CoinWorld news, Figure co-founder Mike Cagney said that 10 companies have chosen to withdraw from stock tokenization on OKXICE, questioning the platform's appeal without leverage or stock lending. In an X post on October 19, Cagney pointed out that as of last week, 10 companies had chosen not to list their stocks as tokens on OKXICE. Cagney believes that U.S. investors would be better served in traditional national markets. His comments combined a statement on issuers' objections with criticism of the product's financing options.
BTC liquidations over the past 24 hours totaled $66.6899 million.
CoinWorld data: BTC's rolling 24-hour liquidation amount is approximately $66.6899 million, involving about 4,671 liquidated accounts. Compared with the same-caliber snapshot 24 hours ago, it is up 44.27%; compared with the same-caliber snapshot 7 days ago, it is up 22.39%.
The long-to-short ratio of BTC whale accounts is 1.656.
BiJie Network data: The latest snapshot of BTCUSDT on the 4-hour timeframe shows that among the top 20% of accounts by margin balance, the long-short account ratio is 1.656, with more net long accounts among large holders. Compared with the same-caliber snapshot 24 hours ago, it is down 0.2134; compared with the same-caliber snapshot 7 days ago, it is up 0.072.
Bitcoin's market cap dominance stands at 59.65%.
CoinWorld data: Under CoinWorld's unified market methodology, Bitcoin's market capitalization accounts for 59.65% of the total cryptocurrency market capitalization.
The CFTC asks the court to dismiss CME's lawsuit over crypto perpetual contracts.
CoinWorld news, according to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) has urged a federal court to dismiss a lawsuit filed by the Chicago Mercantile Exchange (CME) over its approval of crypto perpetual contracts, arguing that the exchange has failed to demonstrate that it has suffered concrete financial harm.
Citigroup analysts are bullish on crypto stocks and set a $243 price target on Circle.
Coin World news: Citi analyst Pete Christiansen upgraded ratings for Galaxy and Gemini, downgraded Securitize, and named Circle as a top pick with a price target of $243. Meanwhile, Bart Smith of Avalanche Treasury discussed Wall Street's tokenization trend and Avalanche's advantages.