Bitcoin slides below $81,000 as hot CPI and AI-stock selloff drive risk-off; Kospi plunges 8%
September inflation came in hotter than forecast at 3.7% headline, lifting rate-hike odds and pressuring risk assets across Asia and crypto.
Theblock · +12 outlets
Nearly $1 billion in crypto bets liquidated as bitcoin, ether and XRP slide
Ether accounted for roughly 60% of forced closures, falling about twice as much as bitcoin amid the leveraged flush.
Coindesk · +14 outlets
US spot bitcoin ETFs shed $261M, extending weekly outflows as XRP funds buck the trend
Bitcoin ETFs have recorded $151 million in net outflows since Monday after investors withdrew $681 million the prior week.
Cointelegraph · +9 outlets
EBA designates Circle's USDC as the EU's first 'significant' e-money token
New EU supervisory responsibilities for Circle's EU issuer begin Nov. 12, bringing dual supervision and reserve requirement questions.
Theblock · +12 outlets
Hex founder Richard Heart arrested in Istanbul on Finnish Interpol Red Notice
Turkish media reports say police seized $4 million in cash and 64 luxury watches during a raid on his Istanbul residence.
Coindesk · +14 outlets
Ethereum, Solana protocol upgrades: Solana sets Oct. 21 Alpenglow mainnet date
The Alpenglow plan calls for a live consensus replacement with roughly 150ms finality, dependent on network conditions and a coordinated validator handoff.
Cryptoslate · +14 outlets
Coinbase presses for bitcoin quantum migration to start now, warning it can take years
Coinbase is urging the industry to prepare for quantum attacks on bitcoin's elliptic curve cryptography well ahead of any practical threat.
Decrypt · +14 outlets
BlackRock's Fink names AI data center buildout pause as a US recession trigger
The BlackRock CEO also raised alarm over the $40 trillion US national debt and its implications for markets.
Coindesk · +11 outlets
Patrick Witt exits White House crypto role as Clarity Act stalls
Witt's departure leaves the White House without a named successor to coordinate crypto policy and complicates efforts to advance market structure legislation.
Theblock · +14 outlets
Australia's ASIC proposes stiffer rules for crypto exchanges ahead of licensing deadline
The regulator wants tougher custody and trading standards to protect users and safeguard financial stability.
Coindesk · +1 outlets
Kraken parent Payward agrees to acquire $181M European bank Saldo Finance
The deal marks a push by Kraken beyond crypto trading into traditional financial services.
Cryptoslate · +1 outlets
Russia's biggest bank Sberbank wins approval to trade bitcoin
The approval marks a notable step in Russian institutional crypto access.
Decrypt · +8 outlets
Standard Chartered opens bitcoin and ether trading to wealthy UAE clients
The bank is extending crypto trading services to high-net-worth clients in the United Arab Emirates.
Yahoo Finance · +14 outlets
Standard Chartered pushes $2 trillion stablecoin market forecast to 2030 as supply growth stalls
The bank delayed its prior 2028 estimate after stablecoin supply growth slowed this year.
Theblock · +10 outlets
Strive buys $235M in bitcoin after warrant exercises yield $369M
The company acquired 2,822 bitcoin following gross proceeds from traditional warrant exercises; a separate $500M SATS financing plan carries a $257M annual divi
Theblock · +4 outlets
Babylon moves bitcoin lending proposal forward on Aave V4
The proposal would bring native bitcoin lending into the Aave V4 framework.
CoinMarketCap · +5 outlets
BNY and Citadel Securities complete first tokenized Treasury repo on major triparty platform
The transaction is an early mainstream use of tokenized assets in core repo markets.
Theblock
Former FTX Europe chief's Perpetuals (PDC) targets US tokenized stock trading under SEC framework
The Nasdaq-listed firm is the second to pursue a US tokenized stock marketplace under the SEC's new framework, following an OKX and ICE joint venture.
Coindesk