Animoca Brands Files for Nasdaq Listing Via Reverse Merger
Animoca could achieve its goal for a public listing in the U.S. by next year. Plus the top news, stats, and reports.
Issue Summary: Welcome back to Coinstack, the weekly newsletter for institutional crypto investors and industry insiders. We reviewed the top news, stats, and reports in the digital asset ecosystem for our 340k weekly subscribers. This week, Kraken unlocked crypto collateral for derivatives trading across the EU, Animoca Brands announced plans for a Nasdaq listing through a merger with an AI company, and DeFi protocol Balancer faced a potential exploit as onchain data showed millions in outflows. Meanwhile, Hong Kong will allow crypto exchanges to access global liquidity pools, and Ethereum stablecoin volume hit a record $2.8 trillion in October. On the fundraising front, DeepSafe raised $4.5M through a public token sale, Capybobo secured $8M led by Pluto.Vision, and Standard Money raised $8M in a strategic round led by YZi Labs. Rounding out the week, KapKap raised $10M in a seed round led by Animoca Brands and Donut Labs raised $22M across pre-seed and seed rounds led by Bitkraft Ventures.
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💵 Weekly Crypto Fundraises & Deals
Here are all the crypto fundraises we heard about this week, ranked by size…
🗞️ Crypto News Recap: The Top 5 Stories
Welcome back to This Week in Crypto… everything you need to know in one scannable format. Here are the top 5 stories of the week…
⚖️ Major crypto investor Animoca Brands poised for Nasdaq listing through merger with AI company: Animoca Brands, a major investor in both digital assets and web3 startups, could achieve its goal for a public listing in the U.S. by next year, according to a statement from Monday.
🚀 Kraken unlocks crypto collateral for derivatives across the EU: Crypto exchange Kraken will now allow traders to post cryptocurrencies as collateral using its MiFID-regulated derivatives platform in the European Union, Director of Derivatives at Kraken Alexia Theodorou told The Block.
📉 DeFi protocol Balancer potentially exploited as onchain data shows millions in outflows: DeFi protocol Balancer appears to have suffered an exploit, with an estimated $128.6 million in assets drained from its vaults, according to blockchain security firm Peckshield.
🚀 Hong Kong to allow crypto exchanges to access global liquidity pools: Hong Kong’s top financial regulator will allow local crypto trading platforms to connect with global liquidity through shared order books, as the city pushes to become a crypto hub.
🚀Monthly Ethereum stablecoin volume hits record $2.8 trillion in October:The total monthly stablecoin volume on Ethereum soared to hit a new all-time high in October, as traders increasingly sought yield opportunities during the crypto market slowdown.
💬 Tweet of the Week
📊 Key Stats of the Week
Here are the most important and interesting stats in crypto this week...
1. Last week, SOL led all digital asset investment products with $421M of inflows, driven by Bitwise Asset Management’s incredible BSOL debut.
In less than a week since launch, Bitwise already accounts for 13% of all SOL inflows in 2025.
2. Monthly DEX volumes shattered records in October, surpassing the previous all-time high of $439B (January 2025) with $454B settled onchain: a 25% ($90B) surge month-over-month.
Uniswap Labs led the way with $171B (+61% MoM) followed by PancakeSwap ($102B, +28%), together capturing over 60% of all DEX volume. Meteora ($34B, +13%) and Aerodrome ($24B, 24%) rounded out the monthly leaders.
Meanwhile, DEX to CEX spot trading volume stands at 20%, double its share year-to-date.
Onchain liquidity and DeFi adoption are accelerating faster than ever.
3. RedStone is a Top 3 Oracle Securing $8.2B+ Across 170+ Apps, Dominating HyperEVM and Entering High-Growth Sectors like Prediction Markets
4. With prediction markets emerging as a high-growth vertical at $274.74M TVL, RedStone holds early positioning via its Kalshi integration and BNB Chain’s designation of RedStone as the preferred oracle stack for prediction-market builders.
5. Internet Computer Protocol (ICP) just said screw you to the broader market nuke and is up 90% this week
The catalyst? AI, specifically ‘self writing apps’.
📝 Highlights from the Top Crypto Reports
Here are the top highlights from the best crypto research reports this week…
ON-376: Oracles 📊
About the Author: OurNetwork, aims to help you understand crypto like never before by harnessing the power of onchain data & analytics. This is an excerpt from the full article, which you can find here.
📝 Editor’s Note:
Happy Halloween and welcome to OurNetwork’s latest. This week we’re covering oracles, whose data feeds quietly underpin all of crypto.
Indeed, according to DefiLlama’s data, oracles now secure well over $90B in value. Chainlink in particular, has had a strong year to date, going from just over 50% market share to over 60% market share in terms of total value secured.
Still others like Redstone and Chaos Labs have carved out niches in the oracle landscape.
Redstone, for example, is responsible for over 99% oracle market share on HyperEVM, the Ethereum Virtual Machine built into Hyperliquid, the finance-focused Layer 1.
And Chaos Labs’ oracles have been on a tear as well, having jumped 15x in two years in terms of total value secured, according to DefiLlama.
Shoutout to mar1na, Veronica, and Chaos Labs for coverage in this one.
Let’s get into it.
– ON Editorial Team
📈 A Backbone of Connectivity, Chainlink Crosses $8B in Transfers as it Deepens Integrations with TradFi Institutions, Treasuries, and Crypto
Chainlink enables offchain-to-onchain and interchain data transfers with decentralization-compatible oracles and interoperability technology. Foundational to moving crypto’s data, Chainlink has processed over $8B in transfers, 53% of this volume being in the past three months. Chainlink has 165 blockchain partners, and its Cross-Chain Interoperability Protocol (CCIP) is currently live on 67 chains, according to the Chainlink Ecosystem website. Per DefiLlama, Chainlink collects ~$10K in fees daily.
Chainlink’s token, LINK, houses $12.4B in market cap. LINK is part of digital asset treasuries, including non-crypto traditional stock market businesses. Potential LINK single-asset ETFs to be launched are currently in regulatory review. Chainlink’s other TradFi partnerships notably include SWIFT.
Onchain, Chainlink has processed 700K+ interchain requests, most requests representing Base and Arbitrum. An October 2025 integration with MegaETH launched a speed-forward native onchain oracle, a bolster to the DeFi trading usecase such as high-frequency price data for onchain derivatives.
🎧 Top Crypto Podcasts of The Week
Here are the crypto podcasts that are worth listening to this week...
Bankless - “The Debasement Trade” - Luke Gromen on Gold, Bitcoin & The 100 Year Reset
Coin Bureau - The Debasement Trade: The Death Of Fiat Currency?
Forward Guidance: Deficits Are Forcing the Fed Back Into Expansion | Lyn Alden
Unchained: CFDs, Perps, and Tokenized Equities — The Next $10T Crypto Market? - The Chopping Block
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Tracking the most important blockchain stories of the 2020s, including a decentralized internet and the creation of a new open global monetary system that works for everyone. As always, published for informational purposes only. Please do your own research. Just our opinions. Not intended as financial advice as we are not financial advisors. We may own some of the digital assets we write about as we believe strongly in the sector. Please do your own research. Published and written weekly by Ryan Allis and Mike Gavela.
Coinstack is a news and analysis newsletter for the digital asset industry. None of the information here is a recommendation to invest in any securities or other types of investments. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in loss.
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