BIS: Bank rate hikes cut stablecoin growth by 3 points

Stablecoin market growth has slowed when U.S. banks raised deposit interest rates, with new research finding that a one-basis-point increase in deposit rates was associated with roughly three percentage points less stablecoin market capitalization growth over ten weeks.  In an October 13 working paper titled Are Stablecoins and Bank Deposits Substitutes?, economists Rashad Ahmed and Iñaki Aldasoro examined weekly U.S. data from January 2019 to June 2025. Their findings suggest that consumers and investors respond to the returns offered by traditional bank accounts when deciding how much money to hold in stablecoins.  The study found a stronger relationship for Circle‘s USDC than for Tether’s USDT. It identified similar behavior across bank certificates of deposit and stablecoins supplied to decentralized lending platforms.  The researchers cautioned that their findings do not establish that stablecoin adoption has reduced total bank deposits or lending across the U.S. banking system.  Higher bank deposit rates linked to slower stablecoin growth  The working paper examines whether stablecoins compete with traditional bank deposits for funds, particularly when banks offer customers better interest rates.  Both products can serve as relatively stable stores of value and support payments. Their financial returns differ because conventional bank deposits can pay interest, while major payment stablecoins generally do not

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CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exit

Bitcoin could find support near $30,000 even if institutional investors unwind their accumulated exposure, CryptoQuants chief executive argues.  Related Asset Bitcoin #1 BTC · $81,923.44 24-hour change: up 0.56% Loading price history… 24H Up 0.56% 7D Down 1.36% 30D Up 5.10%  The scenario would require reversing roughly $58 billion in net inflows to US spot Bitcoin exchange-traded funds (ETFs) and selling the 1.3 million BTC publicly traded companies have accumulated. Yet CryptoQuant CEO Ki Young Ju believes Bitcoins on-chain investor cost basis would still support prices about three times McGlones $10,000 crash forecast.  “Even if all of it leaves, on-chain cost basis still puts the floor near $30k,” Ju wrote on X on Oct. 16, responding to Bloomberg Intelligence strategist Mike McGlone.  Related Company CryptoQuant Provider of on-chain and market data analytics  The scale of that hypothetical retreat is substantial. US spot Bitcoin ETFs have attracted $56.95 billion in cumulative net inflows through Oct. 16, according to Farside Investors, while CoinGecko tracks 1.302 million BTC across 180 public-company treasuries. Those corporate holdings represent about 6.2% of Bitcoins maximum supply and are worth approximately $106 billion at recent prices.  Michael Saylor-led Strategy alone owns 848,250 BTC, accounting for roughly 65% of the public-company total. Its position means

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Prediction markets have a major problem as most Americans reject betting on elections

Prediction markets want you to see them (and use them) as one of the best possible instruments for finding out whats happening in the world.  Open any election market, and you‘re immediately given a probability that shifts in real time as people trade. It’s a single number, easy to check in a few seconds, that condenses something as uncertain and volatile as an election campaign into a number that essentially tells you the likely outcome.  That clarity is their main appeal, and it explains why so many people now treat these markets as a running scoreboard for the race.  The catch is that the number exists only because many strangers are wagering on who will govern you, a premise plenty of Americans now find pretty distasteful.  A recent Ipsos poll Reuters published found that 69% of Democrats and 61% of Republicans opposed using prediction markets to bet on election results. They also opposed using prediction markets to bet on other things, like military actions and government policy decisions.  The survey interviewed 4,506 US adults from Sept. 30 to Oct. 5 and measured approval of betting, so those answers dont show whether people trust the forecasts or which objections drove their views.  The results complicate the industrys

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BitTorrent Ushers in Next-Gen Web3 Infrastructure with Strategic Rebrand and Inaugural BTT Burn

Overview: The first round of BTT repurchased with decentralized service revenue has been completely burned, as BitTorrent leverages its reimagined architecture to pivot toward Web3 and AI infrastructure.  BitTorrent, a cornerstone of decentralized infrastructure in the TRON ecosystem, entered a new phase of growth driven by dual engines: the rollout of its long-term BTT buyback-and-burn strategy and a comprehensive brand upgrade.  Central to this strategic overhaul, the long-term BTT buyback-and-burn commitment has officially translated into tangible action. Following its announcement on July 6 and subsequent scheduled repurchases, BitTorrent transferred the first round of BTT—funded by 100% of decentralized service revenue—to a burn address on October 16, successfully completing its inaugural burn cycle. Coming on the heels of the recurring buyback-and-burn mechanisms established for JST and SUN, this marks another major positive development for the TRON ecosystem in deepening its token deflationary model and value accrual.  Concurrently, BitTorrent released a brand-new official whitepaper, marking a comprehensive brand upgrade. Directly answering the demands of the Web3 and generative AI era, this upgrade establishes a powerful tripartite architecture. It brings together the BitTorrent Mainnet for peer-to-peer content distribution, BTTInferGrid as the decentralized compute layer, and BTTC for cross-chain interoperability, Layer 2 scaling, and on-chain settlement. With

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Lagarde says euro-area economy is resilient, digital euro under development

European Central Bank President Christine Lagarde said Septembers 3.8% euro-area inflation rate largely reflected high energy costs, which the ECB expects to ease next year.  Lagarde said while an energy shock is expected to keep euro-area inflation above the banks target through the first half of 2027, a measured policy response remains appropriate, according to a statement delivered at the IMF Annual Meetings on Saturday.  Lagarde also confirmed that the ECB is devising a digital euro. “In the retail space we are preparing to complement cash with its digital equivalent — the digital euro — for day-to-day payments. The digital euro will further stimulate innovation and competition in retail payments, ensuring that the continued co-existence of public and private solutions underpins Europes strategic autonomy in payments.”  Cointelegraph reported on Sept. 21 that the ECB had launched Pontes, a system that allows financial institutions to settle wholesale tokenized asset transactions in central bank money, providing an alternative to private settlement assets such as stablecoins.  The system initially offers a core set of services, with full implementation expected by 2028.

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Deutsche Bank prepares German crypto custody launch, eyes Asia: Report

Deutsche Bank reportedly intends to debut its crypto custody services in Germany and plans to expand them across Asian financial centers in 2027.  The rapid growth of the digital asset economy, including hundreds of billions of dollars held in stablecoins, is driving the bank‘s plans, Gerald Podobnik, co-head of Deutsche Bank’s corporate bank, told Reuters in a Friday report.  Podobnik added that the move is part of Deutsche Banks goals to achieve compound annual growth of 8% in corporate banking by 2028.  The banks custody service will initially support Bitcoin (BTC), Ether (ETH) and select stablecoins, including Circle USDC (USDC), EURC (EURC) and AllUnity EUR (EURAU), according to a Sept. 16 press release.  A spokesperson for Deutsche Bank recently told Cointelegraph that it expects to receive regulatory approval for the custody offering in October, under the Markets in Crypto-Assets Regulations (MiCA). The European Securities and Markets Authority‘s interim MiCA register showed that Deutsche Bank received authorization from Germany’s Federal Financial Supervisory Authority (BaFin) on Monday.  Cointelegraph has contacted Deutsche Bank for comment on which Asian financial centers it plans to target first but had not received a response by the time of publication.  In September 2023, Deutsche Bank partnered with cryptocurrency infrastructure platform Taurus to support

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Cysic crypto bridge halted after unauthorized mint of 10M CYS

Cysic is investigating an unauthorized issuance on BNB Smart Chain and said the mint size alone does not establish the incidents dollar impact.  The company said in a Sunday X incident report that its cross-chain bridge was suspended after an attacker exploited a processing flaw to mint 10 million CYS on BNB Smart Chain on Saturday, with preliminary findings pointing to unauthorized access to a database supporting the bridge.  The mint occurred at 12:31:38 UTC, and Cysic added the recipient address to the token contracts blacklist at 13:47:52 UTC. About 2.8 million CYS remained at that address, with transfers restricted.  CYS coordinates incentives for users, compute providers, governance participants and contributors in Cysic‘s network, according to the project’s tokenomics documentation.  Cysic said the incident was limited to bridge message processing and minting and did not affect the mainnet or other operational systems. “The incident did not result in the theft or unauthorized transfer of existing CYS or other assets held in user wallets,” it said.  The company said the number minted does not establish the final dollar loss; token transfers, swaps and actual losses remain under review. Cysic has hired a security firm and plans to publish a follow-up report after the current investigation phase.

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Stellar (XLM) Slated for 2027 as DTCC Unlocks $30 Trillion Tokenization Market

At the end of this month, the American corporation DTCC opens commercial access to its Tokenization Service. The post-trade giant will allow major players to create “digital twins” for traditional securities. The project covers a colossal pool of assets worth $30 trillion, a quarter of all funds under the control of the DTC central securities depository.  However, Stellar is not yet being let into this market: under the approved plan, the first wave of liquidity will go to private bank networks, so the public blockchain will have to wait its turn until next year.  DTCC detailed its Tokenization Service, opening $30 trillion in DTC-held assets and confirming Stellar as a 2027 launch partner.Canton and Besu run live now with 25 securities; Stellar joins via SEP-41 tokens next year.@StellarOrg https://t.co/zWm80Y13XU  — MSB Intel (@MSBIntel) October 18, 2026  The launch was preceded by a closed pilot in July, in which more than 30 Wall Street financial institutions took part. According to the DTCC report published on October 16, the projects framework will be strict at first. The system will start with just 25 liquid instruments: U.S. Treasuries, major ETFs, and large-cap stocks from the Russell 1000 index.  For investors, nothing changes fundamentally: the digital tokens are pegged

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Chainalysis: 66.9% of tokenized U.S. Treasuries held abroad

Blockchain analytics firm Chainalysis has found that Italy, Portugal and Singapore account for 66.9% of tokenized U.S. Treasury holdings with identifiable geographic locations, while the United States represents just 10.5% of the recorded value.  SummaryItaly, Portugal and Singapore account for 66.9% of tokenized Treasury value with identifiable holder locations.U.S. investors account for 10.5% of geolocated tokenized Treasury holdings, placing the country fourth globally.Japan represents 16.4% of identified holders but controls just 0.4% of the recorded asset value.Tokenized U.S. Treasury assets grew 125% to $15.42 billion during the year ending July 2026.Chainalysis says tokenization gives overseas investors access to Treasury products without U.S. brokerage accounts.  In its October 14 report, North America: Inside the Growth of Agentic Commerce, Chainalysis examined how American financial products are reaching investors through blockchain networks, with tokenized government debt emerging as the largest category of real-world assets.  The research found that tokenized U.S. Treasury assets reached $15.42 billion in the year ending July 1, 2026, compared with $6.86 billion a year earlier. The 125% increase came as overseas investors gained access to Treasury-backed products without necessarily opening traditional U.S. brokerage accounts.  Tokenization is widening the overseas market for US government debt.  In our 2026 data, Italy, Portugal, and Singapore hold 66.9%

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Monero (XMR) Rally Gains Momentum: Is a Bigger Breakout on the Horizon?

Monero is climbing again. XMR trades close to $555 after a daily gain of approximately 4%, and the price is now pressing against a Fibonacci resistance line at $558. Buyers have been in control for weeks, and the move is starting to look like more than a brief bounce.  XMRs Unexpected Jump Up  The rally took off in August, when XMR jumped 43% in a single month and passed $500 for the first time since January. The price first broke above the $410 level, which had held back every attempt for months. A THORChain upgrade helped, as it lets users swap XMR across chains without a central exchange.  Supply being squeezed  That matters for a coin that is being pushed off many large platforms. Investors also moved coins into private wallets instead of selling, which leaves less supply on exchanges.  XMR/USDT Chart by TradingView  The test now is $558. A confirmed break above that line could send the price back to $575. A larger breakout would need XMR to hold above $575 and keep building higher lows. If buyers fail at $558, the $500 area is the first support to watch. It was resistance for a long time and now works as a floor. A drop

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