JPMorgan Chase owned 5,284,190 shares of BlackRock's iShares Bitcoin Trust (IBIT) worth $343 million at the end of Q3 2025, according to regulatory filings. The position represents a 64% increase from the 3.22 million shares the bank reported in Q2. IBIT, which holds actual Bitcoin in cold storage through custodian Coinbase, is part of a spot Bitcoin ETF sector that collectively manages $110 billion across 11 issuers.

Elixir has suspended redemptions for its deUSD stablecoin after borrower Stream Finance defaulted on $68 million in outstanding debt. Stream Finance reported $93 million in trading losses that triggered the collapse. The synthetic dollar token plummeted to $0.015 within hours as reserves failed to maintain the 1:1 peg.

Ripple has formed strategic partnerships with Mastercard, Webster Bank, and Gemini to integrate its RLUSD stablecoin into traditional payment infrastructure, the company announced. The stablecoin operates on XRP Ledger and Ethereum, enabling direct fiat-to-crypto conversions with regulatory compliance through FDIC-backed banking. RLUSD facilitates cross-border transfers in under one second at costs below SWIFT fees, with minted supply exceeding $50 million within weeks of regulatory approval.

Tokyo-listed Metaplanet obtained a $100 million loan collateralized by its Bitcoin treasury on October 31, 2025. The financing utilizes 3 percent of the company's 30,823 BTC reserves. The loan carries no expiration date and draws on a $500 million credit facility announced October 28, 2025.

UBS completed the first on-chain redemption of a tokenized investment fund on November 3, 2025, using Chainlink's Digital Transfer Agent standard. The transaction involved uMINT, UBS's USD Money Market Investment Fund Token on Ethereum. The development marks a significant milestone for the $100 trillion global fund industry, with the token now tradeable on DigiFT, Bybit, and KuCoin.

Web3 companies raised $3.877 billion in October 2025, the second-highest monthly total on record, according to DefiLlama. Three firms—Polymarket, Tempo, and Kalshi—captured over 70% of the capital raised during the month.

Japan has activated its first government-linked Bitcoin mining facility, deploying 4.5 megawatts of Canaan Avalon mining rigs to absorb surplus solar and wind power from a regional utility. The system dynamically adjusts hashing capacity in response to grid conditions, stabilizing loads and eliminating renewable curtailment. Industry analysts suggest the unnamed operator is likely Tokyo Electric Power Company, which has previously conducted similar trials.

Revolut has introduced zero-fee USD-to-stablecoin swaps for users, with a monthly transaction limit of $578,000. The service operates across six blockchains and excludes spreads or hidden charges. The offering primarily targets small and medium-sized enterprises in high-inflation markets seeking to preserve capital.