Canada's 2025 federal budget introduced legislation to regulate fiat-backed stablecoins. The framework will require issuers to maintain adequate reserves, establish redemption policies, implement risk management systems, and protect user data. The Bank of Canada will retain $10 million from its Consolidated Revenue Fund during fiscal 2026-27 to administer the program, with subsequent annual costs of $5 million funded through issuer fees.

Spot Bitcoin and Ethereum exchange-traded funds in the United States recorded a combined net outflow of $797 million on Tuesday, according to SoSoValue data. Bitcoin ETFs posted $577.74 million in outflows, marking the largest single-day exit since August 1. Ethereum ETFs saw $219.37 million leave the funds during the same period.

Berachain Foundation deployed an emergency hard fork binary to validators following a $12 million exploit on its native decentralized exchange BEX. The network suspended operations after a Balancer V2 vulnerability affected multiple blockchains. Validators are implementing the upgrade to prevent further asset transfers before resuming block production.

Strategy has filed to offer 3.5 million shares of euro-denominated perpetual preferred stock (STRE) to raise capital for bitcoin acquisitions and corporate operations. The company announced Monday it purchased 397 BTC for approximately $45.6 million, bringing total holdings to 641,205 BTC, according to a company statement.

Polymarket recorded 477,850 monthly active traders in October, marking an all-time high and a 93.7% increase from September's 246,610 users. The platform's monthly volume rebounded to $3.02 billion during the period. Regulated competitor Kalshi exceeded Polymarket with $4.4 billion in total volume for the same month.

Transaction volume for stablecoins on Ethereum reached $2.82 trillion in October, up 45% from September's $1.94 trillion. USDC accounted for $1.62 trillion in monthly volume, while USDT processed $895.5 billion, data show.

MetaMask has launched a multichain account feature enabling users to manage EVM and non-EVM addresses through a single account. The wallet provider stated that Bitcoin network support will be added in future updates.

The rehabilitation trustee for Mt. Gox announced Monday that the creditor repayment deadline has been extended to October 31, 2026. Approximately 19,500 creditors have received repayments. Data show the exchange still holds 34,689 BTC worth around $4 billion in its wallets.

Stable, a Layer 1 blockchain for stablecoin transactions, reached its $825 million Phase 1 pre-deposit hard cap shortly after launch on Thursday. Community members flagged that large wallets deposited the majority of funds before the public announcement. Onchain data indicated 600 million USDT came from ten addresses prior to the campaign going live, according to crypto researcher @0xastronomica.