SoFi launched SOFIE, a tokenized deposit that pays 4.4% and is FDIC-insured. Members can swap it 1:1 into SoFiUSD, the bank's own stablecoin, 24/7.

Stablecoin issuers can't pay holders under the GENIUS Act. Banks can pay interest on deposits. So SoFi split the job: the deposit earns, the stablecoin moves.

SoFi dropped crypto in 2023 to get its bank charter. Since returning 11 months ago, it has launched SoFiUSD, which now settles its $25B+ card program on Mastercard, and now SOFIE.

SOFIE rolls out to all SoFi crypto members in the US by the end of November.

Aave V4 now lets independent risk managers run their own Liquidity Hub on top of the protocol's codebase, and Sentora is the first curator to go live with three markets on Ethereum.

The RLUSD Yield and OUSD Yield markets let users borrow those stablecoins against USDe, PRIME, mWIN and PST. A separate Bluechip market offers RLUSD, PYUSD or OUSD loans against kBTC. The markets are accessible through Aave Pro.

Sentora has allocated more than $2 billion across onchain strategies and runs over 1,000 risk models per strategy.

Curated Hubs still sit under Aave governance: the DAO keeps ownership of the contracts, risk-increasing changes pass a 48-hour timelock, and new assets require governance review before listing.

South Korea is finalizing its stablecoin rules, and LG CNS, the IT services arm of LG Group, has signed a strategic partnership with Chainlink to expand the utility and distribution of Korean won stablecoins.

The deal brings Chainlink's oracle, cross-chain and data orchestration infrastructure into LG CNS's digital asset platform for Korean institutions. The two companies will also work together on technical standards for oracles, interoperability and cross-chain connectivity in the local market.

Korea's digital asset market is valued at $68 billion, with more than 11 million eligible users.

LG CNS is the lead contractor for Project Hangang, the Bank of Korea's digital currency initiative, whose first phase involved about 80,000 customers across seven Korean banks. The partnership gives Chainlink a direct route into the infrastructure Korean banks and institutions are building for tokenized money.

Core developers agreed on ACDE call #248 to pull the Glamsterdam activation on the Hoodi testnet, which had been scheduled for October 26 at epoch 132,352. The goal is to further investigate how EIP-8037 gas changes interact with existing mainnet smart contracts.

The rollback removes both the Amsterdam execution layer and Gloas consensus layer activations, plus a gas-limit schedule that would have lifted Hoodi's limit to 200M. Hoodi's chain history is not reverted, and the updated configuration contains no replacement epoch or timestamp.

Hoodi was the next test step before Glamsterdam reaches mainnet, and no mainnet date has been set.

Node and validator operators need to update execution and consensus clients before October 26. Besu 26.10.1, Nethermind 2.2.1 and Lodestar v1.50.1 already ship the revised config, while other clients will follow. No action is required from mainnet users or ETH holders.

Hong Kong's biggest lender has moved its HKD-backed stablecoin from naming to live use: HSBC RedCoin is now rolling out to PayMe users in phases, with every user expected to get access before the weekend. The token is issued under an HKMA stablecoin issuer license and is fully backed by segregated liquid assets.

The first phase covers peer-to-peer transfers and payments to merchants on PayMe. Users can activate a RedCoin wallet with no minimum balance, and merchants are settled on the same schedule as regular HKD payments. HSBC gave no target for circulation after an internal pilot with nearly 100 employees.

More than 3.3 million PayMe users are getting access to a bank-issued stablecoin.

By year-end, HSBC plans to connect RedCoin to its Hong Kong banking app so customers can subscribe instantly to tokenised money-market funds from HK$100 ($12.75). Gold tokens and third-party funds are slated to follow, along with wholesale use cases with selected partners.

An internal investigation into Polymarket's marketing practices has ended with the exit of chief marketing officer Matthew Modabber, the prediction market's eleventh employee and a close advisor to CEO Shayne Coplan.

The review focused on a fake webpage promoting staged videos of traders making profits, and on more than $2.5M routed through Modabber's personal PayPal account. At least $350K of that reportedly went to content creators for promotional posts without the required disclosures.

The fake webpage is linked to a CFTC investigation that remains ongoing, though Polymarket has faced no formal regulatory finding of wrongdoing.

The board, which includes Coplan, Nick Tomaino and Alex Spiro, is pushing for a more polished corporate image as the company weighs a potential IPO.

Bo Hines took the top job at Tether's U.S. arm after leaving his post as White House crypto adviser. Now U.S. Senator Richard Blumenthal has sent letters to Tether and Nxum Group, the consulting firm Hines co-founded with his father and another partner.

The letters follow reports that Nxum received large consulting payments from Tether while Hines was still advising the Trump administration on crypto policy, including rules on stablecoin issuers. Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations, requested details of those arrangements.

Blumenthal wrote that the deal terms "raise alarming ethical and legal concerns" and suggest Tether knew paying a sitting White House official was improper.

It is the latest in a series of Tether probes by the senator, after a report on Tether's links to Iran and questions over its ties to Cantor Fitzgerald. Tether CEO Paolo Ardoino has criticized the investigations, and the company did not immediately comment.

Automated exit orders, a staple of centralized exchanges, have reached Pump.fun's trading outside Solana: the platform introduced EVM limit orders that let users set take-profit and stop-loss triggers on their positions.

The feature is live on six EVM networks at launch: Robinhood Chain, BNB Smart Chain, Base, HyperEVM, Arc and Ink. More chains are set to follow.

Pump.fun positions itself as the first social trading app to offer take-profit and stop-loss orders on these networks.

Preset exits let traders lock in gains or cap losses without selling manually, which matters most for volatile small-cap tokens where prices can swing within minutes.

The Constitution's foreign emoluments clause is now being tested against crypto: a Circle shareholder has sued President Donald Trump and World Liberty Financial in the U.S. District Court for the District of Columbia, alleging he illegally profited from deals with the United Arab Emirates.

The complaint cites two alleged emoluments. Trump received more than $75.5 million after taking office from the sale of a World Liberty stake to an investment firm backed by UAE national security adviser Sheikh Tahnoon bin Zayed Al Nahyan. Separately, a UAE government fund chaired by Tahnoon used World Liberty's USD1 stablecoin to pay for a $2 billion investment in Binance.

Plaintiff J. Benjamin Greenberg, a former Circle engineer, argues the payments diverted business from Circle, a direct USD1 competitor.

World Liberty, its holding companies WLF Holdco and Stablecoin Holdco, Trump family entity DT Marks DEFI LLC and special envoy Steve Witkoff are also named as defendants. The suit asks the court to declare the profits unconstitutional and to order an accounting of foreign crypto payments. The White House said Trump's assets are held in a trust and there are no conflicts of interest.

Everything that moved crypto today, in one card.

Today's headliners: SoFi, China, Italy, moneycanbuy, Solana, Aerodrome, Swell, CoinDCX, Uniswap, OKX