ETH falls below the $3300 mark

Odaily Planet Daily News: Swell stated in an article on X that its bridging funds have exceeded $120 million, and there are more funds flowing in. The main assets, such as Ethena Labs' USDe, ether.fi's weETH, and Swell's rswETH, are flowing at scale and speed. Most of the funds are transferred through the full chain liquidity protocol Stargate (supported by LayerZero technology).

Odaily Planet Daily News: DekaBank in Germany has obtained a bank cryptocurrency custody license issued by the country's regulatory agency BaFin and the European Central Bank (ECB). Commerzbank was the first German bank to obtain a license last year, while other major banks, including DZ Bank, have not yet obtained a license. BaFin has issued an additional 11 cryptocurrency custody licenses, primarily targeting cryptocurrency companies. One of them is the digital asset custody subsidiary of Hauck Aufh ä user Lampe Privatbank. The difference between DekaBank and Deutsche Bank and cryptocurrency companies is that the former is licensed under the Banking Act (KWG). This is the second new license obtained by DekaBank this year. In July, the company obtained a license from the German crypto securities registration authority to issue DLT based digital securities. These encrypted securities can be issued without the need for a Central Securities Depository (CSD).

Odaily Planet Daily News: The Financial Conduct Authority (FCA) in the UK opened the Digital Securities Sandbox (DSS) for applications at the end of September, relaxing certain rules on DLT market infrastructure. The two entities currently announced to have received preliminary approval are (expected) the Central Securities Depository (CSD) Montis (owned by Archax) and ClearToken, with the latter planned to operate as a central clearing house for encrypted and tokenized assets. ClearToken has received support from companies such as Laser Digital under Nomura Securities and Zodia Custody under Standard Chartered Bank. Like the EU's DLT pilot system, DSS plans to relax the requirement that exchanges and central securities custodians must always be separated (which is sometimes impractical for DLT).

Odaily Planet Daily News: Santiment stated in an article on X, "The further decline of cryptocurrency has pushed the public sentiment towards Bitcoin to its lowest point this year. Traders are now showing severe panic, which is good news for contrarian investors because they know the market trend is contrary to the expectations of individual investors

Odaily Planet Daily News: Dune data shows that the Linea mainnet has bridged and transferred 805963 ETH, with 1228845 transactions and 569710 interactive addresses.