Mars Daily | Coinbase adds BNB to its listing roadmap, BNB has fallen more than 12% from its peak.

Coinbase adds BNB to its listing roadmap.

According to Mars Finance, on October 16, it was officially announced that BNB has been added to the Coinbase listing roadmap.

Coinbase will launch Yield Basis(YB)

According to Mars Finance news on October 16, Coinbase will launch Yield Basis(YB) spot trading, and if liquidity conditions are met, the YB-USD trading pair will be opened later today in supported trading regions.

YZi Labs leads a $50 million financing round for the programmable payment network Better Payment Network (BPN)

According to Mars Finance on October 16, YZi Labs announced its lead investment in Better Payment Network (BPN) for a financing round of $50 million. BPN is a programmable payment network designed for the multi-stablecoin era. This investment aligns with YZi Labs' philosophy of supporting the next generation of global financial infrastructure—placing stablecoins at the core, natively built on high-performance chains, and utilizing a hybrid (CeDeFi) architecture to balance efficiency, programmability, and compliance. Traditional fintech platforms rely on capital-intensive pre-financing models, forcing trillions of dollars to sit idle in local accounts to maintain payment liquidity. BPN's CeDeFi dual-track system addresses this issue by enabling real-time minting, exchanging, and burning of stablecoins across jurisdictions, thereby releasing locked funds. BPN is natively built on BNB Chain, aiming to provide instant, low-cost, and compliant cross-border settlements, with a settlement time of 3-4 hours compared to 1-2 days for traditional methods, and an average cost of about 30 basis points, significantly lower than the approximately 2% typical of traditional forex channels.

Data: In the past 24 hours, the total liquidations across the network reached $442 million, with long positions liquidated at $291 million and short positions liquidated at $150 million.

According to Mars Finance, data from Coinglass shows that in the past 24 hours, the total liquidation across the network reached $442 million, with long positions liquidating at $291 million and short positions liquidating at $150 million. Among them, Bitcoin long positions were liquidated at $59.6861 million, Bitcoin short positions at $27.3632 million, Ethereum long positions at $79.7375 million, and Ethereum short positions at $40.2462 million. Additionally, in the last 24 hours, a total of 177,586 people were liquidated globally, with the largest single liquidation occurring on HTX - BTC-USDT worth $4.9776 million.

It is suspected that Bitmine received 104,336 ETH, worth $416 million, from CEX through 5 new wallets.

According to Mars Finance news, monitoring by Onchain Lens shows that 5 newly created wallets received 104,336 ETH, worth $416 million, from BitGo and Kraken. These wallets likely belong to Bitmine.

Bitcoin mining company Bitfarms submitted a $300 million convertible bond issuance application.

According to Mars Finance, Bitcoin mining and digital infrastructure company Bitfarms Ltd. is planning to issue a batch of convertible bonds to raise $300 million. These convertible bonds can be converted at Bitfarms' option into cash, company common stock, or a combination of both. The bonds are unsecured, have a maturity date of 2031, and will pay interest semi-annually starting from July 2026. Bitfarms stated that the raised funds will be used for general corporate purposes, including for “cap option trading” to hedge against equity dilution caused by the bond conversion. The company plans to reach private agreements with some bond purchasers to cap the dilution at a premium level of approximately 125% of the current stock price.

Traders are starting to bet that the Federal Reserve will cut interest rates significantly at least once before the end of the year.

According to Mars Finance, on October 16, traders began to bet that the Federal Reserve will cut interest rates significantly at least once before the end of the year, believing that the policy may be more aggressive than currently expected by other market observers. Recent trading activity in options linked to the Secured Overnight Financing Rate (SOFR) shows that the market is increasing its positioning for a half-point rate cut, which could occur at later meetings this month or in December. This expectation exceeds the two cuts of 25 basis points each currently priced into the interest rate swaps. Due to the prolonged government shutdown, the release of key employment and other economic data has been delayed. Once the deadlock is resolved, a large amount of data will emerge, revealing the latest changes in economic conditions. Some expect that this data may further indicate economic weakness, thus supporting more rate cuts.

Federal Reserve Beige Book: Overall economic changes are minimal, and rising uncertainty may weigh on the economy.

According to Mars Finance news, on October 16, the Federal Reserve's Beige Book pointed out that overall economic activity has not changed much since the last report. Three districts reported slight to moderate growth in economic activity, five districts reported no change, and four districts reported a slight slowdown in economic activity. Overall consumer spending, especially on retail goods, has declined slightly in recent weeks; however, strong demand for electric vehicles boosted car sales in some areas before the expiration of federal tax credits at the end of September. During the reporting period, the demand from international tourists for leisure and hotel services further declined, while the demand from domestic consumers remained largely unchanged. Nevertheless, high-income individuals continue to spend strongly on luxury travel and accommodations. Several reports emphasized that, in the face of rising prices and increasing economic uncertainty, middle- and low-income families continue to seek discounts and promotions. Manufacturing activity varies by region, with most reports indicating that the situation is challenging due to increased tariffs and weakened overall demand. Agricultural, energy, and transportation activities in the reporting regions generally declined. The financial services industry and other interest-sensitive sectors (such as residential and commercial real estate) showed mixed results; some reports noted improvements in business loans in recent weeks due to lower interest rates, while others continued to emphasize sluggish activity. The outlook for future economic growth varies by region and industry. Sentiment has improved in some areas, with some expecting demand to rise in the next 6 to 12 months. However, many other regions continue to expect that rising uncertainty will weigh on economic activity. A report from one region highlighted the downside risks to economic growth posed by the government's long-term shutdown.

Kraken's incubated Ethereum L2 project Ink has launched the lending protocol Tydro based on Aave v3.

According to Mars Finance, as reported by The Block, the Ethereum Layer 2 network Ink supported by Kraken has officially launched the white-label lending protocol Tydro, built on Aave v3, and supports its native token INK as an incentive tool. Tydro will serve as the core infrastructure for the Ink ecosystem DeFi, initially supporting assets such as wETH, kBTC, USDG, USDT 0, and GHO. Users can accumulate points to participate in future airdrops, and Kraken also plans to integrate Tydro into its centralized trading products. The current total value locked on the Ink chain has surpassed 140 million dollars.

Forward Industries disclosed that its total holdings of SOL have exceeded 6.87 million.

According to Mars Finance, on October 15, Forward Industries, a Nasdaq-listed company, released an update on its digital asset treasury information, disclosing that it has invested over $1.59 billion to purchase SOL, with an average purchase cost of $232.08. As of October 15, 2025, the company holds 6,871,599.06 SOL, almost all of which have been staked, earning approximately 7.01% in staking rewards.