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Bitcoin was trading below $80,000 and its 50-day moving average, raising concerns about further weakness. Ripple received approval to launch a U.S. national trust bank, but analysts said the charter does not require XRP purchases, and the token failed to gain from the announcement.
Ripple has won final OCC approval to establish a federally supervised national trust bank supporting its $2.6 billion RLUSD stablecoin. The charter will cover reserve management, collateral trusteeship and digital-asset custody, while legal challenges to crypto bank charters continue.
Binance has applied for a Brazilian cryptocurrency service provider license before the country’s Oct. 30 deadline. The exchange is restricting several products and delisting 22 assets for local users while seeking to preserve access to crypto, stablecoin trading, payments and investment services.
Ripple has won final approval from the U.S. OCC for a national trust bank, allowing it to manage RLUSD reserves, act as collateral trustee and provide digital-asset custody. RLUSD issuance will remain with Standard Custody & Trust Company.
Canada’s proposed stablecoin rules would require one-to-one reserves, three-business-day redemptions and fees of no more than 1%, while banning interest and indirect yield payments. The draft is open for 60 days, with implementation targeted for fall 2027 and Bank of Canada supervision.
The US Office of the Comptroller of the Currency is urging community banks to consider becoming payment stablecoin issuers or using subsidiaries to do so. The call follows finalized rules for the GENIUS Act, which is scheduled to take effect in January.
Polymarket assigned Lula about a 20% chance of winning Brazil’s presidential runoff, but he defeated Flávio Bolsonaro. Analysts attributed the miss to thin liquidity, limited local participation, Brazil’s prediction-market ban and possible overconfidence—not necessarily a failure of probability markets.
The post What is the Jio Platforms IPO GMP before listing? appeared first on Coinpedia Fintech News Jio Platforms shares were trading at a grey market premium of about 22% ahead of listing, according to market observers...
The post When will Jio Platforms IPO shares be credited to demat accounts? appeared first on Coinpedia Fintech News Investors who receive an allotment should see Jio Platforms shares in their demat accounts on Tuesday,...
Canada has proposed rules that would let eligible stablecoin holders redeem any amount directly with an issuer, with redemptions generally due within three business days and fees capped at 1%. The framework remains under consultation and is intended for implementation in fall 2027.
A Chinese national extradited to the US faces up to 20 years in prison over allegations that he helped move $36.9 million stolen from 174 crypto scam victims through a Bahamas bank, into Tether’s USDT and onward to Cambodia.
More than 10,000 complaints about crypto transaction restrictions were filed against U.K. banks over 90 days, according to Stand With Crypto. Lloyds received the most complaints, highlighting tensions between banking practices and Britain’s ambition to become a global cryptocurrency hub.
Israeli Prime Minister Benjamin Netanyahu said blockchain and cryptocurrencies could help Israel respond to potential international financial sanctions. Opposition politicians, the Bank of Israel and crypto industry figures rejected the idea, arguing digital assets cannot replace conventional finance.
Bitcoin’s wealthy holders are increasingly borrowing against their coins, seeking yield and rebuilding positions through interest, Xapo CEO Seamus Rocca told CoinDesk. The trend suggests a shift from short-term speculation toward private-banking services, although customers remain divided over bitcoin’s near-term direction.
HSBC has launched RedCoin, a Hong Kong dollar stablecoin available to more than 3.3 million PayMe users. Customers can use it with friends and at over 100,000 merchants, while HSBC plans to bring the token to its mobile banking app later this year.
The OCC has removed a proposed automatic seven-day extension for stressed stablecoin redemptions. Its final rule keeps a two-business-day ordinary ceiling, defines compliance by payment initiation and leaves any extra time to regulator approval.
Blockstream has launched a consulting business for banks, asset managers and other institutions while opening an office in Lugano, Switzerland. The company will advise on Bitcoin infrastructure, tokenized assets and confidential settlement, using the location as a hub for European operations.
Bitcoin Core has changed its vulnerability policy for bugs that AI can easily uncover. Developers will rapidly patch every maintained release and publish an advisory, replacing lengthy embargoes when secrecy offers little protection against automated discovery.
