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ESMA questioned whether Polymarket and Kalshi have the required authorization to serve EU users. The regulator said event contracts could be covered by binary-options bans, MiCA rules or national gambling laws.
Monument Bank postponed its retail tokenized deposit launch while onboarding a Canadian custody partner to meet Financial Conduct Authority requirements. The London-based challenger bank now expects to roll out the service by November.
Fnality Europe has appointed former Bank of England deputy governor Jon Cunliffe, along with Jochen Metzger and Ron Berndsen, to its supervisory board as it seeks to expand beyond its sterling payment system.
Bitcoin is trading near $78,000 as markets weigh potentially underpriced macro risks. CryptoSlate points to CPI data, central-bank developments and oil-market moves as factors that could determine whether BTC breaks its current range.
Jack Dorsey’s Block has applied for a banking charter to launch Builders Bank, which would offer bitcoin custody and related fiduciary services. Bitcoin Magazine reported that the application has not yet resulted in an approved charter.
US Bank tested its proprietary USBDC stablecoin in a transfer between North American and European entities using the public Stellar blockchain, Cointelegraph reported. The pilot connects institutional stablecoin activity with the Stellar network and XLM.
Prediction markets are favoring higher oil prices after Brent moved above $100. Myriad’s $120 outcome overtook its $55 side in early September, while Polymarket assigns WTI a 59% chance of reaching $100 this month.
VerifiedX launched a $15 million financing round for institutional Bitcoin infrastructure. Cantor Fitzgerald is advising on the transaction, with proceeds intended for BitGo custody, exchange listings and Bitcoin lending programs.
Banca d’Italia has ordered crypto service providers to implement internal controls for screening transfers linked to sanctioned entities, Cointelegraph reported. The supplied report gives no details on deadlines, penalties, or affected assets.
U.S. Bank completed a live cross-border payment transaction while exploring its USBDC stablecoin for treasury payments, liquidity management and collateral. CoinDesk reported that the test represents another step toward a possible stablecoin launch.
Silvergate former CEO Alan Lane blamed what he called a Biden administration “coordinated attack” for making continued operations untenable and prompting the bank’s liquidation in 2023, according to Cointelegraph.
Jack Dorsey’s Block is seeking a US trust bank charter for proposed Builders Bank. The institution would offer federally supervised custody for Bitcoin and stablecoins but would not accept deposits or issue loans.
