Key Takeaways
- • Aviva Investors launched a tokenized share class of its £22 billion ($29.4 billion) Sterling Liquidity Fund on the XRP Ledger with Ripple, with Aviva investing £50 million ($66.7 million) in the new offering.
- • Aviva now has more than £86 million ($114.8 million) invested across two tokenized money market fund offerings, including a U.S. dollar fund launched in July.
- • Payward, parent of Kraken, is intended to become the first CFTC-regulated deployer of Hyperliquid's HIP-3 markets, a move that could bring perpetual futures access to U.S. users, pending regulatory approval.
- • Strive bought 6,182 BTC worth about $511 million between Oct. 17 and Oct. 23, bringing holdings to 43,000 BTC and moving it close to overtaking Twenty One and Metaplanet as the second-largest public corporate bitcoin holder.
- • Galaxy Research said bitcoin's bear market ended in June, citing five consecutive weeks above its 50-week moving average through Oct. 18.
Summary
Aviva Investors has launched a tokenized share class of its £22 billion ($29.4 billion) Sterling Liquidity Fund on the XRP Ledger, working with Ripple, according to The Block. Aviva invested £50 million ($66.7 million) in the new offering. The Sterling Liquidity Fund invests in high-grade, short-term pound-denominated debt and allows investors to access their money daily. Under the fund's "digital twin" model, investor holdings are recorded onchain while the fund itself continues to operate offchain. Investors need an eligible digital wallet to access the new share class. BNY Mellon holds the fund's assets, with Komainu and Licuido also supporting the launch. Aviva now has more than £86 million ($114.8 million) invested across two tokenized money market fund offerings, including a U.S. dollar fund launched in July.
Hyperliquid said Kraken parent Payward is intended to become the first CFTC-regulated deployer of its HIP-3 markets, a development that could bring perpetual futures trading on the platform to U.S. users. The plan still requires regulatory approval. Payward's CFTC-regulated derivatives exchange and clearinghouse, Bitnomial, would deploy the markets, while NinjaTrader Clearing would handle customer accounts. Hyperliquid is testing an onchain allowlist feature that would let deployers decide who can trade. Payward first announced the plans in September, and details on identity checks and trading restrictions have not yet been disclosed.
Strive bought another 6,182 BTC worth about $511 million between Oct. 17 and Oct. 23, lifting its total holdings to 43,000 BTC. The company ranks fourth among public bitcoin holders, behind Strategy's 848,517 BTC, Metaplanet's 44,000 BTC and Twenty One's 43,514 BTC, and is close to overtaking Twenty One and Metaplanet for second place. CEO Matt Cole has set a goal of making Strive the second-largest public bitcoin holder by year-end. Strive also announced plans to sell up to $1 billion of its SATS preferred shares, with proceeds potentially used to buy more bitcoin and cover other expenses.
Galaxy Research said bitcoin's bear market ended in June and that now is the time to buy and hold. Galaxy cited bitcoin's recovery above its 50-week moving average, which it has held for five consecutive weeks through Oct. 18 after spending 44 weeks below it, according to Galaxy's Alex Thorn. Bitcoin held in wallets inactive for at least five years moved at an average rate of 34,000 BTC per month this year, compared with 47,000 BTC in 2025 and 67,000 BTC in 2024. Thorn also cited rising U.S. debt as a reason to hold bitcoin, and said a weekly close below $76,540 without a move back above that level within a month would challenge Galaxy's outlook.
In other news, Mochatrade raised $5.56 million in total funding to offer perpetual futures tied to U.S. stocks to Indian traders. CoinFund led the seed round, with Coinbase Ventures also participating, and Y Combinator and Pioneer Fund backed the $690,000 pre-seed round. The company is in beta with more than 20,000 people on its waitlist. Bitcoin has fallen below $80,000 as concerns over AI spending, rising oil prices and the upcoming Fed meeting weigh on crypto markets.
Hyperliquid said Kraken parent Payward is intended to become the first CFTC-regulated deployer of its HIP-3 markets, a development that could bring perpetual futures trading on the platform to U.S. users. The plan still requires regulatory approval. Payward's CFTC-regulated derivatives exchange and clearinghouse, Bitnomial, would deploy the markets, while NinjaTrader Clearing would handle customer accounts. Hyperliquid is testing an onchain allowlist feature that would let deployers decide who can trade. Payward first announced the plans in September, and details on identity checks and trading restrictions have not yet been disclosed.
Strive bought another 6,182 BTC worth about $511 million between Oct. 17 and Oct. 23, lifting its total holdings to 43,000 BTC. The company ranks fourth among public bitcoin holders, behind Strategy's 848,517 BTC, Metaplanet's 44,000 BTC and Twenty One's 43,514 BTC, and is close to overtaking Twenty One and Metaplanet for second place. CEO Matt Cole has set a goal of making Strive the second-largest public bitcoin holder by year-end. Strive also announced plans to sell up to $1 billion of its SATS preferred shares, with proceeds potentially used to buy more bitcoin and cover other expenses.
Galaxy Research said bitcoin's bear market ended in June and that now is the time to buy and hold. Galaxy cited bitcoin's recovery above its 50-week moving average, which it has held for five consecutive weeks through Oct. 18 after spending 44 weeks below it, according to Galaxy's Alex Thorn. Bitcoin held in wallets inactive for at least five years moved at an average rate of 34,000 BTC per month this year, compared with 47,000 BTC in 2025 and 67,000 BTC in 2024. Thorn also cited rising U.S. debt as a reason to hold bitcoin, and said a weekly close below $76,540 without a move back above that level within a month would challenge Galaxy's outlook.
In other news, Mochatrade raised $5.56 million in total funding to offer perpetual futures tied to U.S. stocks to Indian traders. CoinFund led the seed round, with Coinbase Ventures also participating, and Y Combinator and Pioneer Fund backed the $690,000 pre-seed round. The company is in beta with more than 20,000 people on its waitlist. Bitcoin has fallen below $80,000 as concerns over AI spending, rising oil prices and the upcoming Fed meeting weigh on crypto markets.
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