Digital asset trading platform Margex has launched a $1.3 million $SPCX token airdrop running through November 20, with each allocation set by a trader's cumulative execution volume. Rewards reach up to $2,000 per participant and are handed out first come, first served once volume thresholds are met.

Digital money is becoming a multi-rail system. Stablecoins, tokenised deposits, MMFs and CBDCs are all gaining corporate attention. The opportunity is no longer just issuing new forms of money. It is building the infrastructure that allows them to move, connect and settle at scale. Source: DBS × EY, The Great Rewiring

Digital assets are moving to the center of institutional finance. Join BitGo, ASIFMA and Gibson Dunn in Singapore on Nov 12 for an afternoon panel with senior industry leaders on custody, risk, regulation and the operating models behind digital asset strategy. Reserve your spot:

Digital Credit · Week in Review (Oct 19–23) Three up, three down. $1.27B traded. ▲ $SATS +1.74% · $221.5M* ▲ $STRC +1.65% · $738.8M ▲ $SATA +1.18% · $222.0M ▼ $STRD −1.62% · $30.2M ▼ $STRF −2.12% · $27.3M ▼ $STRK −3.00% · $32.2M $SATS is the latest addition to the digital credit market. Public trading began on the 20th. $STRC took 58% of the flow. Strive’s $SATA and $SATS took 83.2% of the rest: