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Crypto

Jito's JTX to launch mobile app soon, expand to perpetual futures

JTX, a Solana-based trading app operated by Jito, plans to launch a mobile app and add perpetual futures trading this winter, The Block reported. Brian Smith (브라이언 스미스), head of the Jito Foundation, said JTX will also add stock features within 2 weeks. JTX launched in July as a self-custody trading app. It supports spot trading in cbBTC, SOL, HYPE and meme coins, as well as tokenised stocks and ETFs, and charges fees per trade.

Crypto

Solana DeFi's Orca and Loopscale merge, relaunch as Formation

Solana-based decentralised exchange Orca and lending platform Loopscale have merged and will launch under the new name Formation, The Block reported on Oct. 7. The combined company will be led by Loopscale co-founder Luke Truitt. Financial terms of the merger were not disclosed. Formation aims to combine Orca’s trading infrastructure and Loopscale’s lending and investment products to support asset issuance, fundraising and trading in one place.

Crypto

AI agents to serve as front end for blockchain

NEAR Protocol co-founder Ilya Polosukhin said centralised exchanges are no longer needed for most trades, citing NEAR.com, which brings spot trades across chains, tokenised stocks, deposit-yield products and perpetual futures onto one screen. He said the service is close to replacing exchanges but still needs features such as bank withdrawals, tax reporting records and selective disclosure for confidential trades. He also highlighted privacy, expanding fiat links and an AI agent market.