**Hot Topics:** Institutional players are taking center stage in the crypto market with significant developments. DBS and Goldman Sachs have closed the first OTC interbank crypto options trade, settling in cash for Bitcoin and Ether to manage exposures amid rising derivatives demand in Asia. Meanwhile, Tether’s XAUT stablecoin reached a massive $2.1 billion market cap in October, fueled by record gold prices and increased retail demand in developing economies. This comes as CME’s XRP and Solana futures hit all-time high open interest levels – exceeding $3 billion with over 9,900 XRP and 15,600 SOL contracts respectively – signaling strong institutional support for these tokens. **Market Updates:** DDA and Safello have partnered to launch a Staked Bittensor TAO ETP (STAO) on the SIX Swiss Exchange, offering physical backing and a 1.49% fee structure. Ethereum’s Fusaka upgrade has concluded its final testnet rehearsal for PeerDAS, allowing for lower data costs with a planned mainnet launch in December. Lastly, PayPal’s shares soared by 15% after partnering with OpenAI to integrate shopping functionality into ChatGPT. This move boosted revenue growth, resulted in the first-ever dividend and raised full-year guidance.**