[Upbit to Suspend LUNC Withdrawals Due to Network Upgrade] Upbit announced that due to the LUNC (Luna Classic) network upgrade, LUNC withdrawals will be suspended starting from October 20, 2025, at 18:00 (Hong Kong Time) until network stability is confirmed. LUNC is an asset supported only for withdrawals on Upbit, and related processes will be temporarily halted during the suspension period. The resumption time will be announced separately.

**[Binance Co-Founder He Yi Responds to "Data Modification" Controversy, Emphasizes Mark Price Mechanism and Team Execution Issues]** Binance Co-Founder He Yi posted on the X platform to address the recent controversy surrounding "data modification." She explained that Binance Futures adopts a mark price mechanism, which calculates a weighted average price by excluding extreme prices from multiple platforms to mitigate the impact of extreme prices on a single platform for users. This innovation aims to prevent users from experiencing liquidation due to spot price fluctuations, and users are welcome to independently verify the relevant data. In response to the community's concerns about K-line adjustments, He Yi stated that the issue stemmed from an error in internal team execution. She emphasized that Binance has neither the motive nor the reason to modify data, and any slight impact on historical orders occurred only under special circumstances. She also acknowledged that team execution needs further improvement and pledged to strengthen management to ensure user trust.

[Decrypt: Stablecoin Issuers Compete for U.S. Banking Licenses to Expand Business] Stablecoin issuers are actively applying for U.S. banking licenses, with the latest entrant being Bridge, a subsidiary of payment company Stripe. This move aims to enhance compliance and expand market influence. In recent years, the stablecoin market has grown rapidly, making regulatory compliance a focal point for the industry. The community remains cautious about the potential impact of banking license applications, concerned about restrictions that regulation might bring. (Decrypt)

[Citigroup CEO Highlights the Potential of Tokenized Deposits, Stablecoin Focus May Be Overemphasized] Citigroup CEO Jane Fraser stated during the Q3 earnings investor call that tokenized deposits will become the core driving force for next-generation payment and financial market infrastructure. She pointed out that institutional clients are increasingly demanding low-cost, compliant, and real-time cross-border fund flows, and tokenized deposits can provide secure, reliable, multi-bank interoperable, and always-online payment solutions. Citi has invested in building digital asset infrastructure, with its tokenization services covering over 40 markets and more than 250 banks, enabling instant transfers. Fraser also mentioned that adapting corporate finance departments to a 24/7 financial environment remains the primary challenge for widespread adoption. She believes that while stablecoins still hold value, they face issues such as anti-money laundering and tax compliance, whereas tokenized deposits can avoid these burdens. In the future, tokenization applications will expand into asset issuance and settlement, with regulators driving responsible innovation.

[Gate Address Transfers 9.2 Million ASTER to Binance] Monitoring shows that the Gate address holding 64.535 million ASTER transferred 9.2 million ASTER (approximately $13.22 million) to Binance today. Since ASTER was listed on Binance Spot, this address has cumulatively transferred 40.8 million ASTER (approximately $68.26 million) to Binance, with an average transfer price of around $1.67 and an average accumulation price of around $1.61. Currently, this address holds 23.72 million ASTER (approximately $35.27 million). (Embers)