Polygon Labs has incorporated TRON into its Open Money Stack, empowering companies to construct payment solutions centered around USDT on TRON while linking those activities to traditional banking, cards, cash, and alternative blockchain ecosystems.

Unveiled on October 8, the integration permits organizations to execute complete stablecoin transaction pipelines—encompassing deposits, wallets, cross-chain movements, and payouts—via the Open Money Stack. This development grants payment platforms, exchanges, remittance providers, and fintechs direct access to more than $94 billion of circulating USDT on the TRON network.

Consequently, enterprises can accept incoming funds via fiat mechanisms like bank transfers, credit cards, and cash, or through cryptocurrency, subsequently converting traditional currency into TRC-20 standard USDT on TRON. Furthermore, firms can safeguard holdings in embedded or custodial wallets, transfer assets seamlessly between TRON and compatible chains, and disburse payouts to crypto addresses, bank accounts, cards, or physical cash outlets.

According to Polygon, this update is tailored for commercial entities whose client bases already rely on TRON for holding and moving USDT. Rather than forcing users to migrate funds elsewhere, organizations can seamlessly maintain TRON within their current transaction workflows.

TRON USDT Connects With Cross-Chain and Fiat Rails

Polygon’s infrastructure simultaneously introduces cross-chain routing capabilities. Companies can transfer supported tokens between TRON and EVM-compatible networks seamlessly, sparing end-users from navigating separate wallet applications or standalone bridges.

When handling incoming funds, the Open Money Stack generates dedicated TRON addresses for users, automatically linking incoming USDT transfers to the correct user account. Businesses can subsequently oversee these balances and distribute capital according to operational needs.

In parallel, Polygon’s pre-existing fiat framework supplies essential on- and off-ramp services. The organization notes that its money-transmitter licenses span 48 U.S. states, helping eligible firms bridge blockchain-derived assets with legacy financial infrastructure.

Data referenced by Polygon from TRONSCAN indicates that the TRON network has surpassed $30 trillion in total transaction volume, alongside more than 407 million user accounts and 15 billion processed transactions. Additionally, TRON maintains over $28 billion in total value locked.

Polygon emphasized that the TRON integration is built for companies seeking an all-in-one suite for wallets, deposits, payouts, and cross-chain functionality without the burden of developing each component independently.

Frequently Asked Questions

What is the Polygon Open Money Stack?

It is an infrastructure toolkit provided by Polygon Labs that allows businesses to build payment products, manage stablecoin wallets, handle deposits and payouts, and connect blockchain transactions with fiat rails.

How does the TRON integration benefit businesses?

It enables companies to interact with the more than $94 billion in circulating USDT on TRON, letting them process deposits, execute cross-chain transfers to EVM networks, and manage payouts without building separate payment modules.

Are fiat transactions supported?

Yes. Polygon’s money-transmitter licensing covering 48 U.S. states provides on- and off-ramp capabilities, allowing businesses to connect blockchain funds with traditional banking, credit cards, and cash.

What are some key metrics for the TRON network?

According to figures cited from TRONSCAN, TRON has processed over $30 trillion in cumulative transaction volume, recorded more than 407 million accounts, handled 15 billion transactions, and holds over $28 billion in total value locked.

The post Polygon Integrates TRON for USDT Payment Network appeared first on Bitcoin Scientist.

As the leading cryptocurrency, Bitcoin (BTC) faces a pivotal juncture after dipping below the $85,000 threshold and shedding approximately 2% across a 24-hour window. The digital asset currently changes hands near $84,035, accompanied by a daily trading volume totaling $32.867 billion.

Throughout the past 24 hours, Bitcoin fluctuated between an intraday low of $83,647 and a high of $86,648. Looking at the weekly timeframe, BTC has oscillated within a $83,022 to $87,085 band, highlighting a wider consolidation range alongside critical thresholds monitored by market participants.

This downward move accompanied a flush of late long positions, resulting in roughly $500 million worth of long liquidations. Even so, a portion of that capital appears to have flowed back into the ecosystem, maintaining elevated leverage levels.

Bitcoin’s recent price action develops inside a compressed triangle formation, with the most recent movement rebounding off the lower trendline. Maintaining this technical structure could still pave the way for an upward breakout toward higher price targets.

An additional variable is Bitcoin’s bull market support band. Given that this band ascends alongside prices during bull markets, historical precedent shows that BTC frequently gravitates back toward it. Such retests can provoke bearish sentiment while simultaneously serving as vital accumulation zones for buyers, provided the wider uptrend remains intact.

For the bullish camp, reclaiming the $85,000 mark would help reinstate near-term momentum. Should BTC fail to bounce back and selling pressure persists, the lower boundaries of the recent trading range could re-enter the spotlight.

Bitcoin’s Key Support and Resistance Levels

If downward pressure intensifies, the BTC price risks sliding toward the immediate support zone around $83.9K. Should sellers maintain dominance and increase downward pressure, it could spark a death cross formation, gradually pushing the valuation beneath $83,821.

Conversely, if the market trend shifts in a bullish direction, the price could advance toward the $84.1K resistance barrier. As upward momentum gathers strength, potential buyers might spark the development of a golden cross, allowing the price to steadily climb past $84,269.

BTC Momentum Weakens: More Losses Ahead?

A four-hour technical review indicates that the Moving Average Convergence Divergence (MACD) line sits underneath the zero line, while the signal line stays above zero, pointing to mixed momentum across the Bitcoin market.

While the broader trend retains some underlying strength, short-term momentum is clearly fading. Market participants may monitor for a cross back above the signal line as an indicator of a rebound, or watch for a drop below zero if selling activity accelerates.

Additionally, the daily Relative Strength Index (RSI) stands at 35.32, signaling weak purchasing demand for Bitcoin alongside a steady drift toward oversold territory.

Crucially, the asset has not officially entered oversold territory—which is typically defined by readings below 30—though this metric demonstrates that sellers currently maintain control.

Crypto Market Highlights

Hyperliquid and MAS Clash Over Singapore’s Regulatory Reach

Frequently Asked Questions

What is Bitcoin’s current trading price?

Bitcoin is trading at approximately $84,035, having dropped about 2% over a 24-hour period.

What caused Bitcoin’s recent price drop?

The decline coincided with the flushing of late long positions from the market, resulting in around $500 million in long liquidations.

What is the significance of the bull market support band?

As the support band rises during a bull cycle, Bitcoin historically tends to revisit it. These retests can spark bearish sentiment, but they also offer important accumulation zones for buyers if the overall uptrend holds.

What do the technical indicators say about BTC momentum?

The four-hour MACD shows mixed momentum, and the daily RSI sits at 35.32, indicating weak buying momentum and showing that sellers currently hold the upper hand.

The post Bitcoin support band rises amid critical price retest appeared first on Bitcoin Scientist.

• Coinbase has finished its integration of Deribit, forming Coinbase Global Exchange to house spot, perpetuals, futures, and options within a unified trading infrastructure.
• This joint platform links to over $30 billion in Bitcoin options open interest, combining Deribit’s derivatives liquidity with Coinbase’s spot markets.
• Coinbase Pro is scheduled to make its comeback by the end of 2026, delivering professional-grade access to spot, futures, perpetuals, options, and equities.

Coinbase, the leading cryptocurrency exchange in the United States, has finalized its integration with Deribit, merging the two operations into Coinbase Global Exchange and establishing a unified trading system for spot, perpetual contracts, dated futures, and options.

Making the announcement on October 7, Coinbase explained that the newly combined ecosystem links U.S. and global crypto derivatives markets via a single regulated liquidity pool. Based on data from September 30, the integration grants traders access to liquidity backed by more than $30 billion in Bitcoin options open interest. Furthermore, Coinbase noted that Deribit handled upwards of $1 trillion in trading volume over the preceding year.

This milestone builds upon Coinbase’s acquisition of Deribit, which wrapped up in August 2025. Instead of running the two separate derivatives divisions independently, Coinbase has now consolidated their underlying infrastructure and liquidity.

Over the upcoming weeks, Coinbase intends to launch Deribit-powered options, spot margin, and unified portfolios. The firm is additionally rolling out cross-portfolio risk modeling and multi-asset margin offsets, giving qualified traders the ability to oversee multiple positions inside a single portfolio.

Deribit Brings Options and Deeper Liquidity to Coinbase

The consolidation concluded on October 1, 2026, as the derivatives infrastructure of Coinbase International Exchange migrated onto Deribit’s platform. A new matching engine from Deribit now drives the merged system, which Coinbase highlights is built for improved speed and scalability.

Current users of Deribit will additionally receive access to upwards of 125 extra perpetual contracts, featuring agreements tied to commodities and equities. Meanwhile, spot orders placed on Deribit are presently directed through Coinbase Exchange, broadening reach into Coinbase’s spot markets.

Regarding institutional clients based in the U.S., Coinbase stated that crypto options will be accessible through Coinbase Prime for eligible accounts. In May, the company obtained guidance from the CFTC enabling Coinbase Financial Markets to link U.S. customers to worldwide crypto derivatives liquidity, which encompasses perpetual futures and options.

Additionally, Coinbase confirmed that Coinbase Pro will relaunch prior to the conclusion of 2026, providing a professional trading venue equipped with spot, futures, perpetuals, options, and equities.

Frequently Asked Questions

What is Coinbase Global Exchange?

Coinbase Global Exchange is the unified trading platform created after Coinbase completed its integration with Deribit. It houses spot, perpetuals, dated futures, and options under a single trading infrastructure.

When was the integration finalized?

The integration was officially completed on October 1, 2026, following Coinbase’s acquisition of Deribit in August 2025.

What trading volume and open interest does Deribit bring?

Based on data from September 30, the platform connects traders to liquidity tied to more than $30 billion in Bitcoin options open interest. Deribit also processed over $1 trillion in trading volume over the past year.

When is Coinbase Pro returning?

Coinbase Pro is set to return by the end of 2026, offering professional-grade access to spot, futures, perpetuals, options, and equities.

The post Coinbase Integrates Deribit to Expand Global Derivatives appeared first on Bitcoin Scientist.

The Cardano Foundation has rolled out its new programmable token standard, known as CIP-0113, onto the Cardano mainnet. This deployment provides creators with a mechanism to embed compliance policies right into tokens created for regulated financial instruments.

Revealed on October 7 during the TOKEN2049 event, the standard empowers issuers of stablecoins, bonds, tokenized funds, and other regulated instruments to enforce regulations involving sanctions screening, KYC and AML checks, transfer restrictions, and freeze-and-seize functionalities. These stipulations are directly executed by the Cardano ledger during token burning, minting, or transfers.

Operating on Cardano’s extended UTXO architecture, CIP-0113 functions without needing any hard fork. Assets minted via this framework function as native Cardano tokens instead of wrapped iterations of current assets. Creators have the option to choose from modular rule frameworks or author custom compliance logic, with the flexibility to modify these rules as legal guidelines evolve.

The Foundation highlighted that the standard was crafted alongside Cardano community participants and reached the mainnet following a series of independent security evaluations. Initial ecosystem collaborators backing the launch comprise BloxBean, GeroWallet, Eternl, and CardanoScan.

CIP-0113 Gains Recognition From Swiss Market Association

Simultaneously with the mainnet rollout, the Cardano Foundation together with the Swiss Capital Markets and Technology Association (CMTA) shared that CIP-0113 Programmable Asset Tokens are now acknowledged as a smart-contract equivalent to CMTAT under the CMTA certification program.

According to the Foundation, CIP-0113 incorporates the mandatory capabilities outlined in the CMTAT framework, making it potentially useful for verifying compliance for ledger-based equity securities according to CMTA guidelines. This recognition seeks to aid Swiss ledger-based securities, cut down on due-diligence demands, and preserve a chain-agnostic strategy.

Furthermore, the Foundation intends to persist in collaborating with institutions and projects leveraging the standard, which includes ongoing work on a securities module tailored for regulated financial assets.

This release does not imply that all tokens on Cardano will inherently possess compliance measures. These directives exclusively govern assets minted under the CIP-0113 standard, leaving specific controls entirely up to individual issuers.

Frequently Asked Questions

What is Cardano’s CIP-0113?

CIP-0113 is a programmable token standard launched on the Cardano mainnet that lets issuers embed compliance rules—such as KYC, AML, and transfer restrictions—directly into regulated tokenized assets.

Does CIP-0113 require a hard fork on Cardano?

No, CIP-0113 is built on Cardano’s extended UTXO model and does not require a hard fork to operate.

Are all tokens on Cardano automatically compliant now?

No. Compliance controls only apply to assets specifically issued using the CIP-0113 standard, and individual issuers decide which controls to attach to their tokens.

When was CIP-0113 announced?

The standard was announced on October 7 at TOKEN2049.

The post Cardano Deploys CIP-0113 to Support Compliant Tokenized Assets appeared first on Bitcoin Scientist.

BitGo and HashKey Cloud have finalized a strategic alliance spanning real-world asset (RWA) tokenization, institutional trading, custody, and staking as both firms broaden their institutional client operations throughout Asia.

Formalized in Singapore over the course of TOKEN2049 week, this pact builds upon a prior staking partnership initiated by the organizations back in July. Through this expanded arrangement, HashKey Cloud steps in as a validator partner on BitGo’s network, starting out by facilitating Ethereum and Solana staking services for qualified institutional users of BitGo.

Furthermore, the firms will collaborate regarding institutional trade flows. Subject to standard onboarding protocols and relevant contracts, BitGo is set to supply custody services to HashKey Capital alongside its related funds. BitGo will additionally act as a custodial partner for HashKey’s RWA tokenization projects, thereby ensuring comprehensive coverage spanning multiple sectors of the digital asset industry.

Execution of the agreement was handled by Abel Seow, who serves as BitGo’s Managing Director and Head of APAC Sales, and Leo Li, the CEO of HashKey OnChain BG. Representatives from both entities noted that these offerings will exclusively cater to eligible clients and will only be provided where local regulatory frameworks allow.

BitGo Targets Prime Brokerage for Growth

This alliance arrives alongside a broader pivot in business strategy articulated by BitGo CEO Mike Belshe. Speaking with Bloomberg in Singapore on October 6, Belshe indicated that BitGo envisions prime brokerage as the primary growth driver for the enterprise while it scales up settlement, lending, and trading functions.

Expressing his ultimate vision, Belshe stated he would “ultimately like prime brokerage to account for 100% of BitGo’s revenue,” asserting that greater value is generated by assisting clients with digital asset financing and trading rather than depending primarily on custody charges.

BitGo has actively constructed the necessary framework to support this shift. Its BitGo Prime offering integrates financing, trading, and collateral management, while settlement and custody operations continue to function within its wider institutional portfolio. Additionally, the firm rolled out BitGo Link in August to assist institutions in capital management across BitGo alongside linked exchanges for financing and trading operations.

Consequently, the pact with HashKey incorporates yet another institutional connection into BitGo’s growing web of partners, aligning with Belshe’s vision for the future trajectory of the enterprise.

Frequently Asked Questions

What areas does the agreement between BitGo and HashKey Cloud cover?

The strategic agreement covers institutional trading, staking, custody, and real-world asset (RWA) tokenization.

Where was the partnership signed and when did their collaboration begin?

The agreement was finalized in Singapore during TOKEN2049 week, expanding upon an initial staking collaboration that began in July.

Which blockchains are initially supported for staking under this partnership?

HashKey Cloud serves as a validator partner on the BitGo platform, initially supporting Solana and Ethereum staking for eligible institutional clients.

What is BitGo CEO Mike Belshe’s long-term business goal for the company?

Mike Belshe wants prime brokerage to become the core business and main revenue driver for BitGo, expanding its settlement, lending, and trading services.

What is BitGo Link?

Launched in August, BitGo Link is a tool designed to help institutions manage capital across BitGo and connected exchanges for financing and trading workflows.

The post BitGo and HashKey Cloud Form Strategic Custody and Staking Alliance appeared first on Bitcoin Scientist.

Ethereum is getting ready to test a 200 million gas limit on the Sepolia testnet as the Glamsterdam upgrade progresses to its next testing phase today. This update stems from Prysm v7.2.1, a release published by Offchain Labs on October 5 that introduces the Sepolia gas-limit schedule and establishes 200 million as the default gas limit for validators following the Gloas fork.

Additionally, the new Prysm update modifies data column management by enabling partial data columns by default. With this modification, nodes can gossip individual cells rather than full data columns. Prysm additionally incorporates configuration settings for Gloas builders, encompassing builder URLs, minimum bids, and builder bid timeouts.

The 200 million gas configuration is more than triple Sepolia’s prior limit of 60 million gas. According to Prysm’s latest release notes, this new schedule goes live at epoch 353,024, aligning with the Sepolia configuration specified for the Gloas fork. Validators running Prysm v7.2.1 are not required to manually configure the 200 million limit, though operators retain the option to specify an alternative limit via proposer configurations or the keymanager API.

Glamsterdam Reaches Sepolia Today

The Ethereum Glamsterdam upgrade is slated to go live on Sepolia today at 13:53:36 UTC on October 6, coinciding with epoch 353,024 and slot 11,296,768. This upgrade merges the Amsterdam execution-layer updates alongside the Gloas consensus-layer updates.

Key features of the upgrade include enshrined proposer-builder separation (ePBS) and Block-Level Access Lists (BALs). BALs are built to track the accounts and storage slots touched within a block, enabling clients to execute a higher volume of state reads and transaction validation processes in parallel. Furthermore, Glamsterdam alters gas accounting for state creation, state access, calldata, and access lists.

This 200 million gas evaluation applies solely to Sepolia and does not establish a new gas limit for the Ethereum mainnet. The Ethereum Foundation has not yet disclosed activation timelines for Hoodi or the mainnet.

At the same time, ETH trades near $2,714 per CoinMarketCap data, boasting a market capitalization of roughly $331 billion alongside a 24-hour trading volume exceeding $10.2 billion. Over the past 24 hours, ETH has slipped about 0.8%.

Historical market data shows that ETH finished at $2,710.42 on October 5, following a peak September high of $2,785 reached on September 23.

From a near-term trading outlook, $2,700 serves as the primary level to monitor, whereas current market evaluations position resistance near the $2,780–$2,800 range. A breakthrough past $2,800 would clear out the current resistance zone, whereas a decline beneath $2,650 could direct attention toward the $2,570–$2,470 band.

Frequently Asked Questions

What is the new gas limit being tested on Sepolia?

Ethereum is testing a 200 million gas limit on the Sepolia testnet, which is more than three times the previous 60 million gas limit.

When does the Glamsterdam upgrade go live on Sepolia?

The upgrade is scheduled to activate on Sepolia at 13:53:36 UTC on October 6, at epoch 353,024 and slot 11,296,768.

Does this 200M gas limit apply to the Ethereum mainnet?

No, the 200 million gas test is strictly limited to Sepolia and does not affect the Ethereum mainnet gas limit.

What are the main features introduced by Glamsterdam?

The upgrade brings enshrined proposer-builder separation (ePBS) and Block-Level Access Lists (BALs) to improve block production, validation, and parallel state reads.

The post Ethereum Tests 200M Gas Limit on Sepolia for Glamsterdam appeared first on Bitcoin Scientist.

The Solana Foundation rolled out Solana DvP, an open-source settlement initiative meant to assist financial institutions in settling tokenized assets and payments directly on the Solana blockchain. Unveiled on October 6, 2026, the Foundation characterized the project as a reusable framework for delivery-versus-payment settlement.

Operating on atomic settlement principles, Solana DvP ensures that both the asset and payment components of a transaction clear simultaneously. Should either side fail to meet the required conditions, the entire transaction is canceled. According to the Foundation, this mechanism delivers finality within seconds, contrasting sharply with conventional settlement methods involving clearinghouses, depositories, and custodians that typically span one to two days.

Distributed under the MIT open-source license, the program utilizes isolated escrow accounts paired with strict settlement deadlines. Solana noted that while institutional on-chain trades have historically depended on bespoke, custom-built smart contracts, the DvP program aims to establish a unified standard settlement rail.

Solana DvP Supports Institutional Tokenized Assets

The software accommodates both SPL Token and Token-2022 standards, incorporating advanced token functionalities like transfer hooks, pausable tokens, and permanent delegates. Through Solana DvP, two counterparties can execute trades alongside a designated settlement agent, such as an exchange, custodian, or bank.

Throughout the creation of the program, J.P. Morgan provided feedback centered on institutional settlement requirements and practices. Rhodel D’souza, who serves as the bank’s Head of Markets Digital Assets, stated that the institution shared its domain expertise in settlement. However, the announcement clarified that J.P. Morgan neither built nor operates Solana DvP.

In addition, Solana DvP has completed external security reviews and is currently ready for live funds. Future plans for the network include introducing privacy capabilities to allow confidential institutional settlement transactions. Ahead of its production rollout, the Foundation is actively looking for early participants and design partners.

This rollout builds upon prior collaboration between J.P. Morgan and the Solana network. Back in December 2025, the financial institution organized a $50 million U.S. commercial paper issuance on behalf of Galaxy Digital using the blockchain, while also managing the delivery-versus-payment settlement for that specific trade.

Frequently Asked Questions

What is Solana DvP?

Solana DvP is an open-source delivery-versus-payment settlement program launched by the Solana Foundation to help financial institutions settle tokenized assets and payments on the Solana blockchain within seconds.

What role did J.P. Morgan play in the program?

J.P. Morgan shared its settlement expertise by providing input on institutional settlement practices and requirements during development, though the bank did not build or operate the program.

How does atomic settlement work in Solana DvP?

Atomic settlement means the asset and payment sides of a trade settle together. If conditions for both sides are unmet, the transaction fails to complete.

What license does Solana DvP use?

The program is released under the MIT open-source license and relies on isolated escrow accounts with designated settlement deadlines.

The post Solana Foundation Initiates DvP Settlement Tool with J.P. Morgan Support appeared first on Bitcoin Scientist.

Zcash has successfully rolled out its NU7 network upgrade on the public testnet, bringing the protocol a step closer to its scheduled mainnet launch in November. Activation took place at block 4,465,026 on October 4, beating the previously anticipated October 6 activation date.

With NU7, Zcash’s target block time is shortened from 75 seconds down to 25 seconds. This adjustment aims to lower the average wait time for a first confirmation to roughly 25 seconds. Daily ZEC issuance stays the same, as per-block rewards are adjusted correspondingly to maintain the existing issuance framework and halving schedule.

Additionally, the upgrade introduces the Network Sustainability Mechanism (NSM). Under this new structure, miners receive 40% of transaction fees, while the remaining 60% is directed into a reserve. Portions of this reserve can later be reissued as block rewards. The strict 21 million ZEC supply limit remains unaltered.

NU7 Changes Shielded Transactions as ZEC Recovers

To handle increased network and wallet workloads caused by faster block creation, NU7 applies new limits to shielded activity. It sets caps of 330 Orchard or Ironwood actions alongside 300 Sapling inputs and outputs, plus a shared budget of 330 actions.

Version 4 transactions are also rendered invalid by the upgrade. Because the older Sprout privacy protocol depends on version 4 transactions, any ZEC left in the Sprout pool when NU7 hits the mainnet will become unspendable unless transferred prior to the upgrade. Version 5 and version 6 transactions will continue to be valid.

Developers plan to evaluate the testnet performance on October 20 prior to determining the mainnet activation height. Pending this evaluation, the mainnet launch for NU7 is currently targeted for November 5.

Meanwhile, in the wake of the NU7 testnet deployment, ZEC changes hands near $1,335, registering a 24-hour gain of roughly 2.9%. It posts a 24-hour trading volume of approximately $625 million alongside a market capitalization around $22.48 billion. Even so, ZEC remains down about 15.6% over the trailing seven days, moving within a 24-hour band of about $1,308 to $1,362.

These price levels place near-term chart resistance around $1,350 to $1,462, while $1,284 stands as the immediate support level drawn from the current 24-hour range.

Frequently Asked Questions

When did the Zcash NU7 upgrade go live on the testnet?

NU7 activated on the public testnet at block 4,465,026 on October 4.

How does NU7 alter Zcash block times and issuance?

NU7 decreases target block times from 75 seconds to 25 seconds. Daily ZEC issuance and the 21 million supply limit remain identical, with per-block rewards adjusted to fit the new speed.

What is the Network Sustainability Mechanism (NSM)?

Introduced in NU7, the NSM allocates 40% of transaction fees to miners and places 60% into a reserve that can later be reissued as block rewards.

What happens to older Sprout pool funds during the upgrade?

Version 4 transactions are invalidated by NU7. Because Sprout relies on version 4 transactions, funds remaining in the Sprout pool when mainnet activates will become unspendable unless moved ahead of time.

When is the NU7 mainnet launch expected?

Following a testnet review scheduled for October 20, mainnet activation is currently targeted for November 5.

The post Zcash Activates NU7 on Testnet While ZEC Hovers Near $1,300 appeared first on Bitcoin Scientist.

Payward, the financial infrastructure firm operating Kraken, joined forces with Singapore Gulf Bank (SGB) to deliver continuous, around-the-clock settlement for institutional digital asset markets, per an October 5, 2026 announcement.

Through this collaboration, Payward adopted SGB Net, which is SGB’s real-time, multi-currency clearing network. This integration enables qualifying institutional customers of both organizations to execute instant settlements at any hour of the day or night, seven days a week.

Initially, the offering focuses on U.S. dollar transfers and serves a curated group of institutional users located in eligible areas throughout Asia and the Gulf. Both companies indicated intentions to expand the features to a broader audience and additional currencies eventually, though an exact timeline was not provided.

This setup permits an SGB client to deposit capital with Payward and instantly utilize those funds, even outside standard banking hours. Such functionality bridges the gap between digital asset markets—which function without interruption—and traditional banking frameworks that typically depend on restricted processing schedules.

SGB Adds Kraken Prime for Digital Asset Liquidity

Additionally, the agreement incorporates Kraken Prime, which is Payward’s institutional prime brokerage service. SGB intends to leverage Kraken Prime as an extra liquidity provider for digital assets and will utilize Payward’s marketplaces to price trades for its clientele in the months ahead.

Established in 2025 to supply real-time clearing services for digital asset businesses, SGB Net currently handles monthly fiat transactions exceeding $20 billion, according to the bank. SGB receives financial backing from Mumtalakat, Bahrain’s sovereign wealth fund, alongside the Singapore-based Whampoa Group.

The Central Bank of Bahrain licenses and regulates SGB. The institution delivers multi-currency accounts, international payment capabilities, and digital asset solutions to qualified corporate and individual clients.

For Payward, this pact integrates into its wider Payward Banking framework, which manages cash operations encompassing deposits, payments, cards, custody, and lending. Furthermore, Payward has grown its banking network throughout the year, featuring a September alliance with SoFi geared toward 24/7 U.S. dollar settlement.

Frequently Asked Questions

What is the main goal of the partnership between Payward and Singapore Gulf Bank?

The partnership aims to enable 24/7 settlement for institutional digital asset markets by integrating SGB Net, SGB’s real-time, multi-currency clearing network, into Payward’s infrastructure.

Which currencies and clients are supported initially?

The initial phase supports U.S. dollar transactions for a select group of institutional clients in supported jurisdictions across Asia and the Gulf region.

What role does Kraken Prime play in this agreement?

SGB will use Kraken Prime, Payward’s institutional prime brokerage platform, as an additional source of digital asset liquidity and plans to draw on Payward’s markets to price customer trades in the coming months.

Who backs Singapore Gulf Bank?

SGB is backed by Bahrain’s sovereign wealth fund, Mumtalakat, and the Singapore-based Whampoa Group, and it is licensed and regulated by the Central Bank of Bahrain.

The post Payward and Singapore Gulf Bank Partner for 24/7 Settlements appeared first on Bitcoin Scientist.

The DogeOS project has launched its public Chikyū testnet, introducing an EVM-compatible smart contract layer to the Dogecoin ecosystem via a zero-knowledge rollup.

Debuting on September 30, the testnet provides a testing ground for developers to construct applications on Dogecoin without altering the foundational Layer 1 network. On DogeOS, DOGE serves as the native currency for gas and transaction fees.

This release grants Dogecoin creators access to Ethereum-compatible smart contract architecture. Developers can leverage standard toolsets like Remix, Foundry, and Hardhat, with the Chikyū testnet currently running on chain ID 6281971.

DogeOS Brings DeFi and Other Applications to Dogecoin 

DogeOS aims to enable use cases previously unsupported on Dogecoin’s native layer, such as lending protocols, decentralized exchanges, prediction markets, perpetual trading, games, and stablecoins. Early builders already testing on the network include Barkswap, USDoge, Superposition Finance, Split Markets, and Derps.

Targeting a throughput of roughly 300 transactions per second—up from Dogecoin Layer 1’s standard 30 transactions per second—DogeOS utilizes a separate application layer to execute smart contract operations independently of Dogecoin’s core consensus rules.

While the zero-knowledge rollup aims to settle its state onto Dogecoin, Dogecoin does not yet natively verify these zero-knowledge proofs. Instead, the testnet relies on a permissioned sequencer, validators, and a trusted execution environment, requiring valid proofs alongside TEE and validator signatures for bridge state transitions.

Although DogeOS has previously pitched a Dogecoin Core protocol upgrade that would enable direct verification of ZK proofs on the base layer, that update has not yet been adopted.

Consequently, the near-term impact for DOGE centers on application utility rather than core protocol alterations. Users can spend the cryptocurrency on smart contract transaction fees, and developers gain an EVM-compatible framework for crafting Dogecoin-focused apps.

No official mainnet release date has been set by DogeOS. The active public testnet is intended for developers to build and trial applications ahead of any eventual mainnet deployment.

CoinMarketCap records from the time of publication indicate that DOGE was trading near $0.0976 on October 1, marking an increase of about 2.5% over the preceding 24 hours.

Frequently Asked Questions

What is DogeOS?
DogeOS is a platform that brings an EVM-compatible smart contract layer to the Dogecoin ecosystem using a zero-knowledge rollup.

When did the DogeOS testnet launch?
The public Chikyū testnet officially went live on September 30.

What token is used for transaction fees on DogeOS?
DOGE functions as the native token for covering transaction fees on the network.

What is the target transaction speed for DogeOS?
The network aims for approximately 300 transactions per second, compared to the roughly 30 transactions per second found on Dogecoin’s Layer 1.

Has a mainnet launch date been announced?
No mainnet release date has been scheduled yet by DogeOS.

The post DogeOS Debuts Public Testnet Featuring EVM Smart Contracts appeared first on Bitcoin Scientist.