Hyperliquid and BNB Chain now account for more than 60% of total fees generated across major Layer 1 blockchains, while Solana's share has declined from over 50% earlier this year to 9%. The shift stems from reduced memecoin trading on Solana and growing derivatives activity on competing networks. Derivatives transactions generate significantly higher fees per trade than memecoin swaps, enabling platforms like Hyperliquid to capture over 40% of L1 fees despite lower user counts.

Prediction market platform Polymarket plans to resume U.S. operations before the end of November, according to sources cited by Bloomberg. The company acquired QCX, a licensed derivatives exchange, after reaching a 2022 settlement with the CFTC that resulted in a $1.4 million penalty and required it to cease domestic services. The platform has opened a waitlist for U.S. users ahead of its reentry.

Hunter Horsley, CEO of Bitwise Invest, predicts every major Wall Street institution will participate in cryptocurrency activities within the next year. Digital assets are rapidly transforming traditional capital markets as major financial firms accelerate adoption across trading and custody services. Corporate adoption increased 40% in Q3 2025, according to Bitwise's market review.

Trading volume for USD stablecoins against the Argentine peso reached approximately $13.4 million on Sunday, October 27, 2025, according to Facundo Werning, LATAM head at stablecoin issuer Agora. Crypto platform Lemon recorded its third-highest single-day volume, with stablecoin activity peaking at 9 PM local time when election results were announced. The crypto dollar exchange rate fluctuated between 1,572.50 ARS at 2 PM Sunday and 1,350 ARS by 10 AM Monday.

Canadian authorities are fast-tracking stablecoin regulations before the federal budget presentation on November 4. Government representatives have held confidential consultations with regulators and industry stakeholders in recent weeks to establish oversight standards. The initiative addresses concerns that Canada lags the United States in digital asset governance.

Coinbase Asset Management and Apollo Global Management announced on October 28 a stablecoin-based credit strategy targeting high-quality credit opportunities in digital currency markets. The collaboration integrates stablecoins with private credit and asset tokenization. Products are expected by 2026.

Bitcoin trades near $115,000 ahead of the Federal Reserve's October 29 policy decision at 2 p.m. ET. Markets anticipate a 25 basis point rate cut, with CME FedWatch data showing easing expectations into year-end. U.S. spot Bitcoin ETFs recorded mixed flows recently, with IBIT accumulating $65.3 billion in cumulative net inflows since launch.

President Javier Milei's La Libertad Avanza party secured 41.5% of the vote in Buenos Aires province during Sunday's midterm elections, narrowly defeating the Peronist coalition's 40.8%. The peso strengthened more than 10% against the dollar on Monday. Argentina's 2038 international dollar bond rose to approximately 74 cents on the dollar, while local equities advanced over 20%.