VCs Are Betting on It, but Can Multiliquid Really Become the Curve of RWA?
Multiliquid founder and CEO says there are no plans to issue a token. By Ma He, Foresight News On October 16, Multiliquid, an institutional-grade tokenized asset liquidity protocol under Uniform Labs, completed a seed round led by Polychain, with participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures. Including its previously completed pre-seed round, the project has raised a total of $8 million. Protocol founder and CEO Will Beeson told The Block that the protocol has started processing pilot transactions and plans to add more liquidity providers in the fourth quarter. He also confirmed that there are currently no plans to issue a token.
Google quantum chip achieves breakthrough, reducing key computing error rate by about 40 times
Foresight News reports, citing CoinDesk, that Google says its Willow quantum chip has reduced the error rate in preparing the special states required for quantum computing (Magic States) by about 40 times using a method called “Cultivation.” The research was published in Science this week. It could lower the hardware costs of future large-scale quantum computers and draw greater attention to the potential threat of cracking Bitcoin wallets. Magic States are a key resource required to perform certain quantum computing operations, and preparing them consumes substantial hardware resources. In the experiment, Google achieved a state fidelity of about 99.99%, but only about 8% of attempts passed the screening process.
Changpeng Zhao responds to mass deletion of old tweets: Only testing an AI tool to clean up retweets; no original posts deleted
Foresight News reports that Changpeng Zhao responded to the recent mass deletion of old tweets, saying he was only testing an AI tool to clean up past retweets and had not deleted any original posts. Zhao emphasized that the cleanup involved only old retweets and had no other special reason, so there is no need to read too much into it.
Survey: About Three-Quarters of U.S. Digital Asset Holders Want to Manage Their Digital Assets Through Banks
Foresight News reports that, according to a 2026 survey of 10,000 U.S. cryptocurrency holders conducted by Sentora, about three-quarters of U.S. digital asset holders want to be able to manage these assets through the banks where they hold accounts. The survey added that asset balances in exchange accounts reflect, to some extent, the level of services offered by banks.
Cobo will showcase its upgraded corporate wallet payment product and brand upgrade at the Singapore Fintech Festival.
According to Foresight News, Cobo plans to announce its brand upgrade and showcase the latest product capabilities of its institutional wallet at the Singapore FinTech Festival (SFF) in mid-November, including upgraded products for enterprise and smart agent payment scenarios. Regarding the recently announced discontinuation of the personal version of the Cobo Wallet App, Cobo clarified that the app had already stopped accepting new user registrations in 2021, but continued to maintain service for existing users, allowing sufficient time for customers to withdraw their funds. This announcement marks the official end of Cobo's personal wallet business and does not affect Cobo's wallet and custody services for institutions and enterprises.
Solana Accelerate China Shenzhen event postponed; new date to be announced
Foresight News reports that the Solana Accelerate China team has notified attendees by email that, due to higher-than-expected attendance and to comply with local event management regulations, the Solana Accelerate event in Shenzhen, originally scheduled for October 20, will be postponed. The new date will be announced later.
Fidelity: Bitcoin’s Correlation with U.S. Treasury Yields Reaches Record High
Foresight News reports that Fidelity Digital Assets recently published an analysis noting that the U.S. 10-year Treasury yield has recently risen to its highest level since Bitcoin’s inception, while U.S. federal debt has surpassed $40 trillion. Interest payments have exceeded Medicare spending, becoming the second-largest item in the federal budget. Fidelity noted that Bitcoin’s correlation with the U.S. 10-year real interest rate was historically low for a long time, but has gradually turned positive in recent years. In 2026, the correlation climbed above 0.6, reaching a record high. Over the past two months, Bitcoin has risen nearly 30%, while the U.S. 10-year Treasury yield has increased by more than 10%.
Mysten Labs Establishes AI Division; President Kevin Boon to Take Over as CEO
Foresight News reports that Evan Cheng, co-founder of Sui developer Mysten Labs, announced in an open letter that the company has established an AI division dedicated to developing “agent trust” products and AI-native infrastructure. The division encompasses engineering, product development, and other functions, and operates with a high degree of independence to reduce reliance on external parties. In addition, Mysten Labs President Kevin Boon will take over as CEO, while Evan Cheng will continue as CTO and also oversee the AI division.
NEAR Intents Publishes Security Incident Postmortem; All $3.8 Million in Funds Recovered
Foresight News reports that cross-chain swap protocol NEAR Intents has published a postmortem on a security incident, revealing that the earlier withdrawal of $3.8 million worth of assets was caused by a flaw in its deposit notification feature. The attacker created smart contracts designed to make notifications fail, causing deposited tokens to be returned while the protocol’s internal ledger still recorded the corresponding balances. According to the report, the attacker generated $3.8 million in fictitious, unbacked balances through 23 failed deposit transactions, then withdrew real tokens between September 29 and October 1 and transferred them to other blockchains via the Omni infrastructure.
Fear & Greed Index falls to 55 today, with the market in the “Greed” zone
Foresight News reports that, according to data from Alternative.me, the Crypto Fear & Greed Index fell to 55 today (it was 63 yesterday, in the “Greed” zone), indicating that the market is in the “Greed” zone.
Foresight News reports that, according to Bitget market data, Bitcoin has fallen below 81,000 USDT and is currently trading at 80,977.44 USDT, down 1.53% on the day.
Web3 game developer Unagi enters judicial liquidation in France; all assets put up for public sale
Foresight News reports that Web3 game developer Unagi posted on X that it has entered court-ordered judicial liquidation proceedings in France. All assets will be publicly sold under the supervision of a court-appointed liquidator. Unagi’s products include Persona Journey, Ultimate Champions, and Records. Assets for sale include: the intellectual property, NFT contracts, and creator royalty rights for Persona Journey; 957 Persona NFTs held in its treasury; community accounts and related AI products; the UNA token and its contracts; the fantasy football and basketball game Ultimate Champions and its NFT card economy; a white-label fantasy sports platform; Fantasy Brainz, a fully developed but unreleased prediction game; and Records, an AI user-generated content platform launched in March this year. Assets may be acquired individually, and bids are due by November 2.
Lighter EVM Devnet Launches, Built in Collaboration with Axiom
Foresight News reports that Lighter announced on X that the Lighter EVM Devnet is now live. Built in collaboration with Axiom, Lighter EVM is an EVM-equivalent rollup based on OpenVM that runs alongside Lighter Core. The two will settle on Ethereum together using a single ZK proof. Developers can use tools such as Foundry, Hardhat, Viem, and Ethers to deploy contracts; read Lighter Core account, balance, position, order, and market data; place, modify, and cancel orders through smart contracts; and transfer assets between Devnet L1, Lighter Core, and Lighter EVM. Lighter is currently onboarding developers in batches. Teams can apply by email, and access will be opened to all developers in the coming weeks.
Jack Henry to Integrate with Google Cloud Universal Ledger, Offering Tokenized Deposit Services to U.S. Banks and Credit Unions
Foresight News reports that S&P 500 constituent and core banking systems provider Jack Henry (JKHY) is expanding its partnership with Google Cloud and will integrate with Google Cloud Universal Ledger (GCUL) to provide tokenized deposit services to banks and credit unions. GCUL is a fully managed distributed ledger service launched by Google Cloud. It enables financial institutions to tokenize and transfer funds and assets on a shared, real-time ledger, and offers programmable, 24/7 settlement.
PhotonPay Officially Obtains UK FCA Electronic Money Institution (EMI) License
Foresight News reports that PhotonPay, the next-generation payment operating system, has officially obtained an Electronic Money Institution (EMI) license issued by the UK's Financial Conduct Authority (FCA). The license allows PhotonPay to issue electronic money under the UK's regulatory framework and provide customers with related payment services within the scope of its authorization, further strengthening its local financial infrastructure footprint in the UK and European markets. JP, Global Chief Compliance Officer at PhotonPay, said, “Obtaining a UK EMI license is an important milestone in PhotonPay’s continued expansion of its global compliance footprint. The UK is one of the most influential markets in the global financial system. This authorization not only further strengthens our compliance foundation locally, but also provides important support for our continued development of global financial infrastructure spanning more markets, currencies, and payment scenarios. As our business continues to expand, we will remain committed to compliance and provide businesses around the world with more efficient and reliable payment and fund management capabilities.”
Lido: Fallback Exits mechanism lets lenders withdraw borrowers’ collateral when liquidity dries up
Foresight News reports that Lido posted an introduction to the Fallback Exits mechanism for its lending product in development, Lido Lend. When liquidity for borrowed assets is insufficient, the mechanism uses borrowers’ collateral to fulfill lenders’ withdrawal requests, providing lenders with an additional exit route. Lido Lend is built on a modified version of Morpho Blue and uses isolated markets comprising related assets only, such as wETH and wstETH, or dollars and U.S. Treasury RWA. Lenders can exit in full or in part using borrowers’ collateral. When the mechanism is triggered, borrowers closest to the liquidation LTV (LLTV) are affected first, and their outstanding debt is reduced accordingly. The specific technical specifications and market parameters will be announced within the next two weeks. Lido Lend will launch on mainnet after completing the DAO governance process.
Cobo Wallet App to discontinue service on December 1; a 2% monthly management fee will apply to assets not transferred out by the deadline
Foresight News reports that, according to an announcement by Cobo, due to a business strategy adjustment, the Cobo Wallet App will discontinue service on December 1. Cobo’s other businesses will not be affected. Users must transfer all assets out of their accounts by 23:59 on November 30 and update the Cobo Wallet receiving addresses set on platforms such as exchanges and mining pools. After the app shuts down, Cobo will charge a monthly management fee equal to 2% of any assets remaining in an account, deducted directly in the original currency, with a minimum monthly fee equivalent to $100. If the total value of the remaining assets is less than $100, all remaining assets will be deducted in a single charge. The first fee will be charged on January 1, 2027.
Foresight News reports that Perp DEX Lighter posted a teaser announcing that “options season” is coming, hinting at the launch of options products. No specific launch date or product details have been announced yet.
Bitfinex: BTC Bull Run Index currently around 55, compared with around 90 at the October 2025 peak
Foresight News reports that Bitfinex tweeted that the Bull Run Index, which ranges from 0 to 100 and has historically approached 100 near BTC peaks, currently stands at around 55. The index was around 90 when BTC peaked in October 2025 and in the 20s this June.
Bitget U.S. Stock Market Data: Crypto Stocks Broadly Higher, Circle Up 13.87%, CEA Industries Up 0.52%
Foresight News reports, according to Bitget market data, that U.S.-listed crypto stocks are all up. Over the past 24 hours, CRCL (Circle) rose 13.87%, BMNR (BitMine) rose 8.21%, COIN (Coinbase) rose 7.91%, PURR (Hyperliquid Strategies) rose 7.33%, FWDI (Forward Industries) rose 7.04%, MSTR (Strategy) rose 5.76%, HOOD (Robinhood) rose 5.58%, CLSK (CleanSpark) rose 2.55%, MARA (MARA Holdings) rose 1.12%, IREN (IREN Ltd.) rose 0.76%, and BNC (CEA Industries) rose 0.52%.