Crypto Morning Brief: Monad airdrop allocation results to be announced tomorrow, Ethereum treasury firm ETHZilla sells $40 million worth of ETH

Author: TechFlow

Yesterday's Market Dynamics

White House nominates crypto expert Mike Selig to lead CFTC, reshaping crypto regulatory landscape

The White House has officially nominated Mike Selig, former Chief Legal Counsel of the SEC’s Crypto Task Force, as Chairman of the U.S. Commodity Futures Trading Commission (CFTC), ending weeks of leadership uncertainty.

The nomination comes at a critical moment as the Senate advances cryptocurrency market structure legislation that would grant the CFTC broader authority over digital assets. Selig previously worked under former CFTC Chair Chris Giancarlo and brings extensive experience in the crypto sector.

Meanwhile, the White House is considering candidates including Paul Balzano and Nathan Anonick to fill vacancies on the five-member commission. The Senate Agriculture Committee is expected to soon release its draft regulation on digital commodities, complementing proposals from the banking committee. Industry insiders broadly support having crypto-knowledgeable experts lead the CFTC.

Bitwise Solana Staking ETF, Canary Litecoin ETF and HBAR ETF, and Grayscale Solana Trust ETF to launch

According to The Block, asset management firm Bitwise announced its Bitwise Solana Staking ETF will list on the New York Stock Exchange Tuesday under the ticker BSOL, marking the first product of its kind. The company stated it is the first exchange-traded product with "100% direct exposure to spot SOL."

Meanwhile, Canary Capital plans to list its Litecoin ETF and HBAR ETF on Nasdaq Tuesday, while the Grayscale Solana Trust ETF is set to launch Wednesday.

Monad: Airdrop allocation results to be announced tomorrow

According to an official announcement, Monad posted on social media early this morning at 00:24 Beijing time: "Airdrop allocation results will be announced tomorrow."

MegaETH ICO oversubscribed within 5 minutes, valuation reaches $1 billion

According to zoomer, MegaETH's ICO was oversubscribed within 5 minutes, with over $50 million in committed investments, pushing the project's valuation to $1 billion.

Metamask registers domain for claiming Metamask token

According to the official page, Metamask has registered a domain for claiming its token, signaling an imminent airdrop.

Binance adjusts Four.Meme token Alpha points rules

Binance announced today that starting October 28, 2025, 08:00 (UTC+8), trading volume generated from purchases of tokens created via the Four.Meme "Meme Rush - Fair Launch" platform, between their creation and listing on Binance Alpha, will no longer count toward Alpha points. If such tokens are successfully listed on Binance Alpha, their trading volume will count toward points at a 1x multiplier.

Binance also提醒 users to update their app to version 3.4.0 or higher to ensure full functionality of the Alpha campaign.

x402 gateway now live on Mantle

Mantle Network announced the official launch of the x402 gateway on its platform, enabling developers and creators to access the protocol through service providers to enhance experimentation and development efficiency. Mantle has partnered with QuestFlow to integrate the x402 protocol across various areas of its ecosystem.

CZ responds to Caixin report: Content based on September interview, communication misunderstanding

In response to Caixin's report published this morning about Binance founder CZ, CZ clarified on social platform X, stating the article was based on an interview conducted in September and that he has not given any interviews since receiving a presidential pardon.

Confirmed by Binance sources, Caixin had communicated with Binance regarding the matter after CZ’s pardon but before publishing the article. The incident stemmed from a timing gap in information disclosure, and CZ has proactively issued a personal clarification on X.

Padre: Snapshot completed, holders eligible for PUMP token airdrop

According to Padre's official disclosure, the project conducted a snapshot of all PADRE holders at 13:59 UTC on October 24.

Based on the snapshot, holders are now eligible to receive a corresponding amount of PUMP tokens, with airdrop quantities proportional to the value of PADRE held at snapshot time. Eligible holders can submit their Solana wallet address and will receive PUMP tokens within 24 hours of submission. The wallet submission window will remain open until December 30, 2025.

Earlier, Pump Fun announced it had completed the acquisition of meme trading terminal Padre.

Ant Group's self-custody wallet TOPNOD enters public testing overseas, allowing users to buy/sell crypto via third-party platforms

According to Hong Kong Economic Times, Ant Group’s self-custody wallet TOPNOD has entered public testing overseas, allowing users to buy and sell cryptocurrencies through third-party platforms. The app is now available on App Store and Google Play in select regions including Singapore. Currently, TOPNOD is not listed on Hong Kong app stores, and the website blocks direct access from Hong Kong users.

Previously, Ant Group’s Advanced New Technologies filed an application for ANTCOIN registration on June 18, along with trademark applications for BRHKD, BRUSD, ATHKD, AIHKD, AIUSD, BETTRCOIN, and others on the same day.

Ethereum treasury company ETHZilla sells $40 million worth of ETH for stock buyback program

According to The Block, Ethereum treasury company ETHZilla (ticker ETHZ) has sold approximately $40 million worth of its Ethereum holdings to fund a stock buyback program.

The company’s board previously approved a buyback program of up to $250 million in August. Since selling ETH on October 24, ETHZilla has repurchased around 600,000 shares of common stock at a cost of approximately $12 million.

ETHZilla Chairman McAndrew Rudisill said the company will continue buying back shares until ETHZ “trades at a normalized valuation relative to net asset value.” The company still holds approximately $400 million worth of ETH on its balance sheet.

Market Data

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