Ripple gets OCC approval for National Trust Bank, expands RLUSD distribution
Ripple CEO Brad Garlinghouse said the U.S. Office of the Comptroller of the Currency, or OCC, has formally approved Ripple National Trust Bank. According to Ripple, the approval allows the company to support its RLUSD stablecoin through a federally regulated banking platform and provide digital asset custody services for enterprise clients.
Ripple also announced a partnership with Coinbase. RLUSD is now available on Coinbase Prime, Coinbase Exchange and Coinbase’s retail app, with support for 1:1 conversions from U.S. dollars and other supported dollar-denominated stablecoins into RLUSD.
The company said Coinbase Global Exchange will add related services later, including support for RLUSD as collateral. Deposits and withdrawals for RLUSD are available on XRP Ledger, Base and Ethereum, while Ripple will provide liquidity on Base.
Hyperliquid says Kraken parent plans to become first CFTC-regulated HIP-3 deployer
Hyperliquid said Payward, the parent company of Kraken, plans to become the first CFTC-regulated HIP-3 market deployer and use Hyperliquid infrastructure to offer perpetual futures trading to U.S. customers.
If regulators approve the plan, Bitnomial, a CFTC-regulated entity under Payward, would create and manage the markets and handle contract clearing and settlement. Registered futures commission merchant NinjaTrader Clearing would manage customer accounts.
Hyperliquid said a future network upgrade will introduce HIP-3, allowing deployers to create permissioned markets through an onchain whitelist. The feature is optional and does not affect existing HIP-3 markets. HIP-3* is already live on testnet, though the specification may still change.
CZ comments on BNB Chain’s new L1 plan
CZ responded to a post about BNB Chain’s new Layer 1 plan with a short message: 「Multiple chains, one coin.」
According to the post, which cited official BNB Chain documentation, the new L1 will coexist with BSC and connect through a native cross-chain bridge. It will not issue a separate token and will continue using BNB for transaction fees, staking and governance.
The chain has not been named yet. Its targets include 200-millisecond block times and about 20-millisecond transaction pre-confirmation. An internal multi-validator devnet is already running, with a testnet planned for late 2026 and mainnet targeted for early 2027.
Scroll reiterates permissioned network transition, plans SCR and USX migration to Ethereum mainnet
Ethereum Layer 2 network Scroll published a summary of its DAO monthly meeting on Oct. 30, giving more detail on its proposed transition to a permissioned network and its plan to move SCR and USX to Ethereum mainnet.
Scroll said it will submit a more detailed proposal and take the network transition through governance. The team is also preparing positions scroll io, a tool intended to help users review existing positions and move or withdraw assets safely during the transition period.
Scroll also said its AI app Compass has launched paid subscriptions on iOS. An Android version and additional fiat payment methods are still in development. Compass API support is also being expanded to cover different AI models.
Pump.fun adds Hyperliquid perpetuals
Pump.fun said it has integrated Hyperliquid perpetual futures, allowing users to access the product without bridging assets across chains. The offering covers cryptocurrencies, U.S. equities and commodities.
Bitcoin contracts support up to 40x leverage, Ethereum up to 25x, and equity-linked contracts tied to names such as Tesla and Nvidia up to 20x. Pump.fun said its standard trading fee is 0.05% per trade, on top of Hyperliquid’s standard fees.
ENSv2 launches on Ethereum mainnet
Ethereum Name Service, or ENS, said ENSv2 is now live on Ethereum mainnet, alongside a new ENS App and ENS Explorer.
ENSv2 lets each name create an independent registry for its subnames and introduces more granular permissions, allowing multiple parties to manage the same namespace. More than 40 teams have already completed v2 integrations, including 1inch, Aragon, Arbitrum, Jumper, Lighter, MetaMask and Safe.
Existing ENS names remain valid and do not need to be re-registered. Eligible .eth names can choose to upgrade to v2. ENS also released a commemorative ENSv2 NFT.
Osmosis proposal seeks to burn 100 million OSMO
A new proposal on the Osmosis governance forum, submitted by community member JohnnyWyles, calls for 100 million OSMO from the community pool to be sent to a burn address. The amount represents about 12.6% of the current 794 million total supply and is valued at about $5.8 million at the current price.
According to the proposal, some previously issued OSMO had been routed into the community pool, creating what it described as a “soft burn” state because the tokens could still be reactivated through governance. The new proposal would permanently destroy 100 million of those tokens to remove the possibility of future recirculation.
If carried out, the community pool is expected to retain about 19.3 million OSMO plus other assets. The proposal is still in the discussion stage, with Oct. 30 as the target date for onchain submission.
Optimism proposal offers sequencer fee rebates to key partners
The Optimism Foundation has introduced a governance proposal to rebate sequencer fees and priority fees to key partners that bring measurable business growth to OP Mainnet.
The rebate would be funded entirely by the additional network fees generated by those partners themselves, denominated in ETH. The proposal says it would not use OP tokens and would not increase OP circulation. It also says the mechanism would contribute net new revenue to the Superchain OP buyback plan.
The framework includes milestone thresholds, caps and time limits. Specific agreement terms would remain undisclosed, with only an overall percentage range to be reported in the annual budget report.
Uniswap Labs opens Token Jar fee conversion tool to outside apps
Uniswap Labs said it is opening its Token Jar fee conversion tool, TJAR, to other applications, with Robinhood becoming the first integration partner.
TJAR allows teams to choose which token they want to receive as fee revenue. Token Jar was originally built for Uniswap protocol fees and processed more than $15.3 million in conversions in September. It is now being made available to external apps through TJAR.
Under the model, apps deposit fees into Token Jar, searchers compete to convert them, and the app automatically receives fees in the selected token. Robinhood is already using TJAR through the Uniswap API on supported chains and receives fees in USDC and USDG. TJAR is now live on seven chains, and its code and audit reports have been published.
Sky reports $99.29 million in Q3 revenue
Sky Frontier Foundation released its report for the third quarter of 2026. The report said Sky protocol generated $99.29 million in total revenue in Q3, up 14.2% year over year.
Net income came in at $37.19 million, up 11.8% quarter over quarter, marking the sixth straight quarter of positive net income. Total expenses fell 16% from the previous quarter to $62.10 million, while collateralized assets reached $11.41 billion.
Sky said it spent $5.6 million on SKY buybacks during the quarter, and protocol reserves stood at $85.08 million at quarter-end.
