French crypto market intelligence firm OAK Research published a report on October 30 titled “Stablecoins Generate Huge Revenue, but It Is Not Flowing to Public Blockchains,” authored by Lilian Aliaga. According to ChainCatcher, the report found that stablecoin issuers earned far more than the public blockchains hosting their tokens. Stablecoin market capitalization has grown from $4 billion in January 2020 to about $298 billion currently, after reaching $310 billion at the end of April this year. The market is now more than three times the total value locked in DeFi. In the third quarter of 2026, Tether and Circle generated about $2.1 billion in combined revenue, while fees across the 13 blockchains tracked by OAK totaled $285 million. The report said issuers primarily earn interest on reserve assets, while blockchains collect transaction fees and do not generate revenue from stablecoin balances held on their networks. Circle reported $701.3 million in total revenue in the second quarter of 2026, of which reserve income accounted for 95%, or $667.7 million, up just 5% year over year. Over the same period, USDC on-chain transaction volume rose 151% to $14.8 trillion, and its average supply increased 25%. Circle’s reserve yield fell 66 basis points to 3.49%. Tether’s average supply grew 10.6% year over year, while DefiLlama estimates its quarterly revenue at about $1.5 billion. In the third quarter of 2026, Ethereum hosted an average of $146 billion in stablecoins but collected only $34.6 million in fees. Solana hosted less than $16 billion and collected $62.9 million in fees, of which just $6.7 million remained with protocols. In the first quarter of 2024, Ethereum fees reached $1.17 billion, exceeding the approximately $730 million in issuer revenue associated with its stablecoin holdings. By the third quarter of 2026, issuer revenue was about $986 million, while Ethereum fees were $34.6 million. Stablecoins currently account for about 28% of deposits on Aave, 37% on Morpho, and 84% on Hyperliquid.

Indian companies cut dollar purchases to hedge against rupee weakness to an eight-month low, a sign the Reserve Bank of India’s crackdown on what it called speculative bets against the currency is yielding results, according to Bloomberg.

The Polymarket probability that Republicans will hold fewer than 170 House seats after the midterm elections rose to 28%, up 27% over 24 hours. According to Odaily, the probability of Republicans winning 170 to 174 seats also reached 28%, rising 25% over the same period.

米中間選挙当日、予測市場では民主党が上下両院を制する確率を82％と予測し、賭け金総額は14億8000万ドルを超え、過去最高を記録した。これらの予測が的中するかどうかは、この新興産業の信頼性を左右するだろう。

Kenya could boost gross domestic product by more than a fifth within a decade and significantly reduce debt as a share of GDP if it tackles corruption, the World Bank said, according to Bloomberg.

According to Jin10, Phillip Nova analyst Priyanka Sachdeva said investors were cautiously assessing U.S. midterm election developments as spot gold remained under pressure, briefly falling to $3,900 an ounce before edging higher. She said the key question was whether the election results would have enough impact on the broader macroeconomic environment to reverse gold's decline or add uncertainty to an already volatile investment climate. Falling oil prices have eased inflation concerns to some extent, but elevated U.S. Treasury yields, a relatively firm dollar, and expectations of further Federal Reserve monetary tightening continue to limit gold's rebound. Against a generally weak market backdrop, some investors may gradually enter as the election results become clearer, forming firmer buying demand. Until then, many may stay on the sidelines and wait for greater clarity on Treasury yields, the dollar's direction, and market risk sentiment before investing new funds.

Chicago corn extended its losses, touching a four-month low as expectations for ample US supply and prospects for peace in the Black Sea region weighed on prices, according to Bloomberg.

UbuntuおよびRed Hatシステムにおいて、ほぼ完璧なLinuxカーネルの脆弱性が未修正のまま残っている。Anthropicが開発した未公開の大規模モデルは、この脆弱性を巧妙に悪用し、リモートからroot権限を取得できる高リスクのエクスプロイトチェーンへと変換することに成功した。

モバイルインターネットが急成長していた頃、配車サービスやフードデリバリーサービスは、利用習慣を定着させるために補助金に頼っていた。金利引き上げを伴うステーブルコイン投資も同様の戦略をとっている。まず資金を集め、その後収益向上を目指すのだ。

バイナンスは10月29日、ハッカーが偽の求人面接、悪意のあるソフトウェア、および社内AIツールを使用してシステムに侵入し、11のブロックチェーンにわたって約64億3000万ドル相当の仮想通貨を盗んだことを明らかにした。

将来的には、モデルサービスプロバイダーは、回答やトークンだけでなく、「これは確かにあなたが指定したモデルによって生成されたものである」ことを証明する暗号化された認証情報もユーザーに提供するようになるかもしれない。

持続不可能なAI債務 ― 設備投資の狂乱、収益の遅れ、そして債権者リスク。

米国商品先物取引委員会（CFTC）のマイケル・S・セリグ委員長は、個別株の永久先物契約が、米国証券取引委員会（SEC）への二重登録も完了した指定契約市場で初めて上場・取引可能になったと発表した。

Aaveは、DeFi業界全体を変革する可能性を秘めたものを推し進めている。

バイナンスは10月29日、セキュリティインシデントに関する予備調査結果と対応策についての最新レポートを公開し、約63億ドル相当の資産が盗まれた攻撃の手口を明らかにした。

従来の金融がブロックチェーン上に市場を構築し、規制当局がブロックチェーンの透明性を認め始め、CEX（中央集権型取引所）も検証可能なオンチェーン方式を用いて自らの正当性を証明するようになると、CEXかDEX（分散型取引所）かによって勝者を区別することが難しくなるかもしれない。