BitGo expands institutional custody to Canton Network’s native token

DRW Holdings and Liberty City Ventures are reportedly working on establishing a $500 million treasury for the Canton Network token, which highlights a strong interest from institutional investors in the blockchain space. This move could pave the way for increased adoption and innovation in decentralized finance, making it an exciting development for the industry.

BitGo's recent expansion of custody support to the Canton Network is a significant development for institutional investors looking to securely manage their assets. This move not only enhances the security of the Canton token but also strengthens the overall crypto infrastructure, making it easier for institutions to engage with digital assets. As the crypto market continues to evolve, such advancements are crucial for fostering trust and encouraging wider adoption among traditional investors.

Hedera's HBAR token has surged by 25.7%, breaking through the crucial $0.20 resistance level, thanks to the launch of the Canary Capital HBAR ETF on the NYSE. This move is significant as it reflects growing institutional interest in cryptocurrencies, particularly with backing from established firms like BitGo. Such developments could pave the way for more mainstream adoption of digital assets.

Shiba Inu's Shibarium is facing significant challenges as it attempts to transition from a meme coin to a functional blockchain. Despite its potential, developer interest and user engagement have plummeted, leading to a sharp decline in network growth. Recent technical and security issues have further exacerbated the situation, causing many users to abandon the platform and deterring new projects from joining. This decline highlights the difficulties Shiba Inu faces in establishing itself as a serious player in the blockchain space.

Ethereum is making waves in the cryptocurrency world by outpacing Bitcoin in fund holdings growth, according to a recent CryptoQuant analysis. This trend highlights a growing interest from institutions in Ethereum, particularly with increased ETF inflows since the beginning of the year. This shift is significant as it indicates a changing landscape in digital assets, where Ethereum's narrative is gaining traction among investors, potentially leading to a more diversified market.

Shekel has teamed up with Symphonyio to introduce V2 no-code trading agents, which allow users to create customizable perpetual contracts on platforms like Hyperliquid and Gains Network. This partnership is significant as it simplifies the trading process, making it accessible to a broader audience who may not have coding skills, thus potentially increasing participation in the crypto market.

XRP's price is experiencing a significant drop, reflecting broader trends in both the stock and crypto markets. The token has fallen to $2.4400, marking its lowest point since late October and a staggering 35% decline from its peak this year. This downturn is concerning for investors and highlights the volatility in the cryptocurrency space, making it crucial for traders to stay informed about market movements.

Nordea, the largest bank in the Nordic region, is set to offer its customers access to Bitcoin exchange-traded products starting in December 2025. This significant move, announced on October 30, reflects the bank's commitment to embracing digital assets and providing innovative investment options. By allowing clients to invest in Bitcoin through regulated products, Nordea is not only enhancing its service offerings but also positioning itself as a forward-thinking institution in the evolving financial landscape.

Satoshi Nakamoto's Bitcoin holdings have seen a staggering decline of nearly $5 billion due to a significant sell-off in the crypto market. This downturn highlights the volatility of cryptocurrencies and its impact on even the most prominent figures in the space. As the market corrects itself, many investors are left questioning the stability of their assets, making this a crucial moment for the future of digital currencies.