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ChainCatcher reported that the Byreal platform has officially launched the innovative proof-of-work (PoW) asset $ORE within the Solana ecosystem. As one of the first decentralized exchanges to support $ORE, Byreal is offering the highest annual percentage yield (APY) in the industry at launch, exceeding 8%, aiming to enhance on-chain liquidity for the Solana network. Users can now exchange tokens and provide liquidity to earn rewards via byreal.io.

Swiss crypto banking group Sygnum stated that despite the pullback in October, "strong demand catalysts" and institutional participation remain at historic highs, and the increasing number of ETF applications signals more institutional demand. Currently, at least 16 crypto ETF applications are pending approval, with these approvals delayed due to the 40-day-long U.S. government shutdown. Crypto staking ETFs may become the next fundamental catalyst to stimulate institutional demand for cryptocurrencies. Over 80% of surveyed institutions expressed interest in crypto ETFs beyond Bitcoin and Ethereum, and 70% of institutions clearly stated that if these ETFs offer staking yields, they would begin investing or increase their allocations. Staking refers to locking tokens in a proof-of-stake blockchain network to maintain network security and thereby earn passive income. Sygnum believes that investors are waiting for the government shutdown to end, which could prompt the U.S. SEC to "approve batches" of altcoin ETFs, thereby catalyzing "a new wave of institutional capital inflows."