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EU finance ministers backed a plan to put the bloc’s largest crypto providers under direct ESMA supervision, targeting a MiCA oversight gap. Only 10 to 15 of roughly 360 firms may qualify, while negotiations with the European Parliament remain ahead.
Strategy bought 250 Bitcoin for $21.5 million and repurchased $192.4 million of STRC preferred stock last week. Its Bitcoin holdings reached a record 848,250 BTC, while Moneyiar data showed Bitcoin at $83,498.18 on October 13, down 2.88% over seven days.
Strategy bought 250 Bitcoin for $21.5 million, lifting its holdings to 848,250 BTC. The company funded most of the purchase through common-stock sales, while maintaining a $4.88 billion reserve for preferred-stock dividends and debt interest payments.
Standard Chartered’s Dubai branch now offers institutional custody for Ripple’s RLUSD stablecoin on the XRP Ledger. The bank is also working with Ripple and LMAX on a planned arrangement that could let clients use bank-held RLUSD as trading collateral.
Ledger says confirmed CryptoBilis cases are limited to devices sold by the authorized reseller, as blockchain firms traced up to $93.2 million in stolen crypto. Tether froze $10 million in USDT, while Ledger urged affected customers to move assets to newly generated wallets.
Australia’s ASIC is proposing to extend CFD leverage limits, position-closeout rules and negative-balance protection to certain derivatives settled in digital assets. The regulator is seeking feedback through Nov. 9, while broader crypto licensing reforms are due in 2027.
Bitcoin traded near $83,000 as high Treasury yields and a stronger dollar limited gains despite reduced expectations for an October Federal Reserve rate hike. Traders are turning to upcoming U.S. inflation data, while spot Bitcoin ETF flows recovered modestly after heavy outflows.
Bitcoin dropped below $83,000 during Monday’s U.S. session as a strong dollar, higher bond yields and falling technology shares pressured risk assets. Ether, crypto stocks and bitcoin miners also declined, while Bitmine and Strategy continued adding to their digital-asset holdings.
Bitcoin is holding above the closely watched $82,500 weekly support level as traders prepare for US CPI and PPI data. The inflation figures, oil prices and Federal Reserve expectations could determine the next major volatility trigger for risk assets.
The Financial Stability Board warned that stablecoins remain untested in severe crises and urged governments to improve cross-border information sharing, monitoring and failure planning as the market’s capitalization reaches $306 billion.
Jeonbuk Bank has launched South Korea’s first reported traditional bank loans backed by bitcoin, offering won-denominated credit exclusively to companies. Bitcoin will be held by a registered third-party custodian, with court-ordered sales planned if borrowers default.
SWI Group has raised 800 million euros, or $894 million, to transform the former FTX-backed Genesis Digital Assets from a bitcoin miner into an AI-focused data-center business, retaining facilities in the U.S. and Sweden while selling sites in Kazakhstan.
Altcoins gained more than major cryptocurrencies as the CoinDesk 80 rose about 3% in 24 hours, but liquidity remained thin and U.S. spot bitcoin ETFs suffered $681 million in weekly outflows. Traders now await Wednesday’s U.S. consumer price index for the next major market signal.
UK authorities have frozen an £8.9 million London penthouse belonging to Thet Li, an alleged Prince Group finance chief. The action forms part of a wider probe involving luxury properties, jewelry, cash and billions of dollars in cryptocurrency allegedly linked to the group.
Payward, Kraken’s parent company, has secured a virtual-asset service provider license from Dubai’s VARA. The approval enables its UAE entity to prepare spot and margin trading in dirham-denominated pairs, plus direct deposits and withdrawals, with launch planned in the coming weeks.
Standard Chartered has launched institutional custody for Ripple’s RLUSD stablecoin on the XRP Ledger through its Dubai branch. The bank also plans to let LMAX clients use RLUSD as trading collateral while keeping the tokens in custody, subject to approvals.
Crypto markets face a busy week beginning Oct. 12, with U.S. inflation data ahead of the Federal Reserve’s October meeting, Ethereum upgrade discussions, Singapore’s stablecoin consultation deadline, governance votes and several major token unlocks.
Jeonbuk Bank has reportedly started offering won-denominated corporate loans secured by Bitcoin, with a third-party custodian holding the cryptocurrency. The service follows South Korean legal changes covering the seizure and liquidation of virtual-asset claims.
