Paxos applies for U.S. trust bank license with OCC

PANews reported on October 22nd that Hong Kong Financial Secretary Paul Chan Mo-po stated at the APEC Finance Ministers' Meeting on October 21st that blockchain technology and artificial intelligence are driving the rapid development of digital financial services, which not only improves efficiency and reduces costs, but also helps promote inclusive finance. Financial innovation should serve the real economy, and through public-private partnerships, more inclusive financial services can be promoted. In addition to fulfilling their supervisory responsibilities, regulators should also encourage innovation and promote market development. Against the backdrop of the increasingly widespread application of digital assets and artificial intelligence in financial services, economies should pay attention to whether such innovations are responsible and sustainable, including taking into account investor interests and financial stability. Chan Mo-po stated that Hong Kong actively participates in cross-border cooperation and policy dialogue on digital finance and is willing to deepen cooperation with partners in the region in related areas.

PANews reported on October 22nd that according to Lookonchain, Tether issued an additional $1 billion in USDT six hours ago. Since the market crash on October 11th of this month, Tether and Circle, two stablecoin issuers, have cumulatively issued approximately $7 billion in stablecoins.

The post BONK, Litecoin, SUI see ‘colorful crypto income ETF’ filings – Impact on price? appeared on BitcoinEthereumNews.com. Key Takeaways How is BONK ETF different from standard spot crypto ETFs? The Bonk Income Blast ETF combines income generation with controlled exposure to BONK, using a put credit spread strategy via FLEX Options. How did BONK react to the filing? BONK gained 4% near $0.0000242, while SUI and LTC also rose modestly, showing optimism despite SEC delays extending into November. Despite repeated delays from the U.S. Securities and Exchange Commission (SEC) on crypto ETF approvals, issuers continue to pile in. The latest entrant is Tuttle Capital, a $3.6 billion asset manager, which has filed for the second-ever spot Bonk [BONK] ETF. Bonk Income Blast ETF — Details According to the filing on the 16th of September, the proposed “Bonk Income Blast ETF” has officially been submitted to the SEC. It shows that appetite for meme-inspired crypto products remains undeterred by regulatory hesitation. Tuttle Capital’s latest filing places the spot BONK ETF alongside two other proposed products. They include the Litecoin [LTC] Income Blast ETF and the Sui [SUI] Income Blast ETF. The application, submitted under the Investment Company Act of 1940, outlined a structure that blends traditional investment vehicles with exposure to digital assets. How is the BONK ETF different? Each proposed fund aimed to generate current income first, with a secondary goal of tracking the daily performance of its underlying token within capped gains. This design marked a departure from standard spot crypto ETFs. In the sense that they combine income generation with controlled exposure to a meme-driven token. The funds are planned to use a put credit spread strategy executed with FLexible EXchange Options (FLEX Options). These customizable derivatives allow investors to set specific terms, such as strike price, contract style, and expiration dates. By using FLEX Options, the fund ensures more transparent price discovery while avoiding…