[Fortress Ordered to Cease Operations Due to $11 Million Funding Gap] Crypto trust company Fortress has been ordered by Nevada regulators to cease operations due to a $11 million funding gap. CEO Anthony Botticella stated that the trust fund is facing severe financial difficulties, which stem from events that occurred before his tenure as CEO, impacting the trust fund's ability to operate as a going concern. Additionally, Ripple CEO Brad Garlinghouse had announced in 2023 that Ripple would no longer acquire Fortress Trust.

[Zheng Zhigang Joins UK Liquidity Provider CBCX as A2Z Founder] Zheng Zhigang, founder of A2Z, the digital asset brand under Almad Group, has officially become a shareholder of CBCX, a multi-asset liquidity provider headquartered in London, UK. The two parties plan to collaborate to promote the development of risk exposure management tools and investment trading platform businesses in the gold and forex sectors for participants and investors in the gold industry chain, while expanding into commodities, stock investments, and brokerage services. Additionally, CBCX will launch a Digital Asset Index to provide diversified digital currency investment and hedging products for financial institutions, family offices, and individual investors. The two parties will also jointly explore the issuance of gold digital assets and tokenized financial products.

OKX has announced the addition of VIRTUAL (VIRTUAL) to multiple services, including spot trading, officially launching on 2025-10-28 at 18:00 (UTC+8). Notes: - Market orders are not allowed during the first 5 minutes after opening. - The maximum amount per limit order is $10,000 during the first 5 minutes after opening.

[Trader Purchases 35.33 UBTC Spot for $4.02 Million After Losses] On-chain data shows that a trader, who previously incurred a loss of $1.061 million from chasing BTC and ETH, has now invested all of their remaining funds, totaling $4.02 million, into the UBTC spot market, purchasing 35.33 UBTC. This trading activity was monitored and recorded by on-chain analyst @ai_9684xtpa, indicating that the trader chose to restructure their digital asset investments following market fluctuations.

OKX has announced the addition of Virtuals Protocol (VIRTUAL) to multiple services, including spot trading, officially launching on 2025-10-28 at 16:00 (UTC+8). Notes: - During the first 5 minutes after trading begins, the maximum amount for each limit order will be $10,000. This restriction will be lifted after the first 5 minutes of trading. - At the end of the pre-order period, the system will cancel orders based on the index price. Orders not canceled will remain and enter the continuous trading phase. - The platform may adjust limit order rule parameters based on market conditions, and adjustments will be made without prior notice.