Nasdaq-listed Datavault AI has been trying since June to move its Bitcoin off the Biconomy exchange, and the company now says it has been unable to complete the withdrawal. The Form 8-K filed on Oct. 26 does not explain what is holding it up. Shares fell 49.55% to $0.067 on Oct. 27.

The coins came from a September 2025 deal in which Scilex Holding paid $150 million in Bitcoin for Datavault stock. Scilex credited 1,309.04 BTC to Datavault's Biconomy account through off-chain balance changes, and Datavault later sold 491.431 BTC back to Scilex for about $40.5 million in cash.

Datavault will restate four financial reports, cutting reported total assets by up to $92.2 million.

The company concluded the Bitcoin never qualified as its own digital asset and will book it as a subscription receivable instead. Because it had counted the BTC as a source of liquidity, management is reassessing its going-concern status and says collection of the amounts Scilex owes is uncertain.

Everything that moved crypto today, in one card.

Today's headliners: DTCC, Google, Ripple, Itaú, CFTC, Robinhood, Pump.fun, Predict.fun, Bithumb, Strategy

After a quiet web rollout in mid-October, the Solana memecoin launchpad has officially switched on perpetual futures in the Pumpfun app, with trading routed to Hyperliquid's order books.

Users can long or short 300+ Hyperliquid markets across crypto, stocks and commodities, funded straight from their USDC balance with no bridging.

The integration runs through Hyperliquid's builder codes: HyperCore handles matching, margin, funding and liquidations, while Pump.fun keeps the user and a share of fees. Early reports put max leverage at 40x on BTC and 25x on ETH, and the product is unavailable in the U.S. and Ontario.

The launch pairs perps with Pump.fun's social layer, letting traders call out positions for rewards. It also turns a recent rival into a partner: Pump.fun briefly out-earned Hyperliquid on weekly revenue in late September.

Every position on Hyperliquid is public, so copy-trading bots can track top wallets and mirror their trades within seconds, often leaving the original trader with worse execution. Avail's new ShieldTX tool targets that problem by opening each perpetual position through a separate, freshly funded wallet.

Users deposit USDC into a ShieldTX vault on Arbitrum, with bridging from other EVM chains through Avail Nexus. Orders are then routed to Hyperliquid's native order book, so traders keep the same markets and liquidity without linking positions to their main wallet or trading history.

ShieldTX supports every Hyperliquid perpetual market with leverage up to 40x, and its private beta has processed more than $2.5M in volume.

The product is aimed at funds, market makers and large traders who want to avoid strategy leakage and position hunting on a fully transparent venue.

Strategy (MSTR), the largest corporate bitcoin holder, put its Daily Dividends amendment to a common stockholder vote on October 28. Holders of the preferred shares had no vote on the change.

Preliminary results show 99.3% of votes cast in favor.

The amendment lets the four U.S. listed preferreds (STRF, STRC, STRK and STRD) accrue dividends on every calendar day, including weekends and holidays, with payouts on the next business day. Dividend rates and total regular obligations stay the same.

STRC goes first: daily record dates are expected to start on November 1, with November payments totaling $1.00 per share at the 12% annual rate. Strategy funds these dividends while continuing to build its BTC treasury.

Timed to its 10th Swell conference, Ripple released a year-end business update that puts the company on track to exit 2026 with $900M in annualized product revenue. The figure covers payments, custody, the RLUSD stablecoin, prime brokerage and treasury management.

The number of customers and partners using several Ripple products together tripled this year. Named partners include BNY, Robinhood, DriveWealth and Water.org, while RLUSD is now available on Coinbase, Binance, Kraken and OKX.

RLUSD market cap reached $2.6B, up more than 88% year to date, and the payments network is expected to approach $150B in lifetime volume by year end.

Ripple also received final OCC approval for its national trust bank charter and expanded its work with BNY on tokenized trade finance on the XRP Ledger. The $900M figure is a forward run rate, not reported annual revenue.

The tokenized stock venue planned by OKX and Intercontinental Exchange keeps losing names before launch. Seven more companies objected in an updated notice on Tuesday evening: JPMorgan, AMD, Applied Materials, Coca-Cola, Adobe, Dell and Sandisk.

Objections now cover 33 issuers, more than half of the 62 companies OKXICE initially named.

The venue filed to operate under the SEC's innovation exemption, which requires platforms to notify issuers and drop a stock if the company objects. IBM, Oracle, Intel and IonQ joined days earlier, after Microsoft, Alphabet, Goldman Sachs and Wells Fargo. With most large-cap names opting out, the venue's launch list is shrinking toward a minority of the original plan.

Two cases involving Ledger devices bought at certain retail stores in Singapore have been reported since September 10, with police putting victims' combined losses at about S$3.5M.

Preliminary investigations found malicious hardware components inside the devices, able to capture recovery phrases or private keys. That gives attackers a way to access wallets and move funds without the owner's consent. Police are in contact with Ledger, which is reviewing the affected cases.

Earlier in October, Ledger suspended sales across Southeast Asia after finding tampered devices, covering Singapore, Malaysia, Indonesia, Thailand, the Philippines, Vietnam and Hong Kong.

Blockchain analysts estimate total losses from the tampered devices at more than $86M, a figure Ledger has not confirmed.

For years, Circle's USDC was the main stablecoin on Coinbase, later joined by PayPal's PYUSD and Open USD. Ripple's dollar token is now added to that lineup, with RLUSD going live across Coinbase's retail and institutional platforms starting Wednesday.

Clients can trade and manage RLUSD through Coinbase Prime, Coinbase Exchange and the retail app, with 1:1 conversion from US dollars and other supported USD stablecoins. Deposits and withdrawals are supported on the XRP Ledger, Base and Ethereum, and Ripple will provide liquidity for RLUSD on Base.

RLUSD has passed $2.6B in market capitalization since its launch in December 2024.

Access for Coinbase Global Exchange customers, including the option to use RLUSD as collateral, is set to follow. The listing lands in the same week as Ripple's deal to bring RLUSD to Robinhood, widening the token's reach among US retail and institutional users.

The custodian behind roughly $30 trillion in US securities now lets that inventory move onchain: the DTCC Tokenization Service is live, starting with 34 securities that include select large-cap Russell 1000 stocks, ETFs and US Treasuries.

Each token is backed 1:1 by securities held at the Depository Trust Company and carries the same legal and ownership rights as the underlying asset. Holders can transfer tokens peer-to-peer 24/7 between DTC-registered wallets, with built-in compliance controls and near real-time ownership tracking.

Two networks are live at launch: Canton Network (CIP-56 standard) and Besu, DTCC's private ERC-20 network. Stellar and Circle's Arc are expected in 2027.

DTCC plans to expand coverage across the Russell 1000 and additional ETFs over time, and to add further L1s and L2s based on client demand. Tokenized assets keep a single CUSIP across traditional and blockchain rails, aiming for one shared liquidity pool between TradFi and DeFi.