Ripple launched a digital asset spot prime brokerage platform for U.S. institutional clients, offering over-the-counter trading for XRP, RLUSD, and other major cryptocurrencies. The platform debut follows Ripple's $1.25 billion acquisition of Hidden Road, which closed last month after the deal was announced in April.

Ethereum-based decentralized exchange Balancer experienced unauthorized withdrawals of approximately $88 million across multiple blockchain networks, according to blockchain security firm PeckShield. Onchain data shows large transfers of wrapped ether and liquid staking derivatives from protocol vaults to external addresses. The protocol's native governance token BAL declined more than 4% following the incident.

Canada plans to present stablecoin regulatory framework details in its federal budget on November 4. Officials from the Department of Finance Canada have held intensive consultations with industry participants and regulators in recent weeks. The discussions have centered on classification issues and preventing capital outflows to U.S. dollar-backed digital assets.

Bitcoin traded around $109,000 on October 23, declining more than 3% over the past month as options open interest hit record highs. Spot bitcoin ETFs recorded $101 million in outflows and Ethereum ETFs posted $19 million in outflows on October 22, according to The Block data. Market participants are focusing on Friday's U.S. CPI release for directional cues.