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Google launched a multi-party computation crypto asset custody service, planning commercial release in early 2027

Google will showcase Google Multi-Party Compute (MPC) at the inaugural Digital Assets Symposium in New York, a secure custody service for cryptographic assets and tokenized assets tailored for financial institutions such as banks. The product is currently in private preview, with multiple financial institutions already participating in testing, and its parent company Alphabet has used it to protect its digital assets on Ethereum and Solana. Google plans to launch the service commercially in early 2027, though pricing has not yet been announced.

The system shards private keys and stores them across Google Cloud, institutional proprietary hardware, and other cloud service providers. Before signing transactions, it verifies them against rules such as transfer limits, destination addresses, and multi-department approvals, supporting signature threshold schemes like 2-of-3 and 5-of-7.

AAVE and WLD whales continued to sell, depositing approximately $42.7 million in tokens to exchanges within 5 days

On October 29, according to chain analysis platform Lookonchain, a dormant institutional whale has continuously deposited tokens into multiple exchanges over the past 5 days, accumulating deposits of 152,000 $AAVE (approximately $21.3 million) and 45.17 million $WLD (approximately $21.4 million), totaling approximately $42.7 million.

BlackRock has transferred approximately $200 million worth of ETH to Coinbase over the past two days

According to Arkham monitoring, BlackRock transferred nearly $200 million in $ETH to Coinbase over four transactions in the past two days, suspected sales. The most recent transaction occurred about 15 hours ago, moving 29,814 $ETH, valued at $70.58 million.

Alipay denies supporting cryptocurrency transactions, stating that Peer-related promotions are false.

TechFlow reports that on October 29, the official Alipay account issued a statement on X stating that Alipay does not support cryptocurrency trading or related services. Claims that it can be used to purchase cryptocurrencies on third-party platforms are false and unauthorized, and users were advised to exercise caution to protect their funds and account security.

Previously, on October 27, P2P fiat on/off-ramp protocol Peer announced that Alipay has launched a beta version on its platform, allowing users to pay RMB to sellers via Alipay to purchase USDC, or sell USDC and receive RMB.

Bitcoin & Ethereum Spot ETF Flow

Bitcoin Spot ETF saw a total net inflow of 137.33M USD yesterday, marking a 3 days of consistent inflow

According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 137.33M USD yesterday (Eastern Time, October 28th).

The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 136.01M USD, and the total historical net inflow of IBIT currently stands at 66.53B USD.

The second highest was Bitwise's ETF BITB, with a daily net inflow of 1.32M USD, and the total historical net inflow of BITB currently stands at 2.03B USD.

As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 104.88B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.41%. The historical cumulative net inflow has reached 57.61B USD.

The Ethereum spot ETF recorded a total net outflow of $21.4114 million yesterday, continuing for 3 consecutive days of net outflow

Yesterday (Oct 28, US Eastern Time) spot Ethereum ETFs had total net outflows of $21.4114 million. The spot Ethereum ETF with the largest single-day net inflows yesterday was Fidelity’s ETF FETH, with single-day net inflows of $18.7799 million; FETH’s cumulative historical net inflows are currently $2.424 billion. The next was Grayscale’s Ethereum Mini Trust ETF $ETH, with single-day net inflows of $3.6185 million; $ETH’s cumulative historical net inflows are currently $2.036 billion.

The spot Ethereum ETF with the largest single-day net outflows yesterday was BlackRock’s ETF ETHA, with single-day net outflows of $44.8256 million; ETHA’s cumulative historical net inflows are currently $12.018 billion. As of the time of publication, the total net asset value of spot Ethereum ETFs was $14.273 billion, the ETF net asset ratio (ETF market capitalization as a percentage of total Ethereum market capitalization) reached 4.95%, and cumulative historical net inflows have reached $12.549 billion.