Standard Chartered brings Ripple’s RLUSD into banking custody after $765 million quarterly surge

Standard Chartered has launched custody for Ripples RLUSD stablecoin as it prepares to expand its use as collateral for institutional trading.  Related Asset Ripple USD RLUSD · Stablecoin  On Oct. 12, the bank announced that eligible institutional clients can now hold RLUSD issued on the XRP Ledger (XRPL) through its Dubai International Financial Center branch, regulated by the Dubai Financial Services Authority.  The launch forms part of a broader arrangement with Ripple and trading group LMAX that would allow institutions to use RLUSD as collateral while keeping their stablecoin holdings with Standard Chartered.  Related Company Ripple Financial technology and enterprise blockchain company  Under the proposed model, the bank would mirror the value of eligible RLUSD holdings to LMAX, enabling clients to support trading positions without transferring the underlying tokens directly to the venue.  The arrangement could reduce counterparty exposure and operational risks associated with moving assets between custodians and exchanges, while allowing institutions to deploy capital across trading activities.  Ripple expands RLUSDs institutional reach after rapid supply growth  The development comes as RLUSD emerges as one of the fastest-growing stablecoins by absolute market value added, reflecting Ripples efforts to expand its use across financial markets.  According to RWA Foundation, Ripple recorded the second-largest increase in stablecoin market capitalization during

2 دن پہلےانڈسٹری

Crypto PACs report $2.7M spending blitz on House races as midterms loom

Affiliate entities of Fairshake, the US political action committee (PAC) funded largely by contributions from investment banking company Cantor Fitzgerald, cryptocurrency exchange Coinbase and Ripple Labs, reported millions of dollars worth of ad buys to support candidates they considered in favor of pro-digital asset policy with the countrys midterm elections less than a month away.  On Saturday, filings with the US Federal Election Commission (FEC) showed a combined $2.7 million in spending on media by the Defend American Jobs and Protect Progress PACs. The two Fairshake affiliates reported expenditures on media and direct mail productions to support Democratic and Republican candidates running for US House of Representatives seats in 2026.  The expenditures included more than $76,000 for House Majority Whip Tom Emmer, $73,000 for House Agriculture Committee Chair Glenn Thompson, $512,000 for California Representative Pete Aguilar and $500,000 for New Jersey Representative Josh Gottheimer.  The FEC reports followed Fairshake announcing just days earlier that it planned to endorse an additional 32 House candidates in 2026, including six to each receive $1 million in supportive media. None of the aforementioned six were included in the Defend American Jobs and Protect Progress expenditures, but some incumbents were on the list, including Emmer, Aguilar, Gottheimer, and

2 دن پہلےانڈسٹری

Solana Treasury Firm DeFi Development Keeps Buying SOL as CHAD Preferred Stock Hits Record

In briefDeFi Development Corp added about 22,070 SOL and SOL equivalents last week, lifting its treasury to roughly 2,586,282 tokens, up 12% since August 12.Its CHAD perpetual preferred stock, which pays a 13% annual dividend on a $10 stated amount, hit record highs in the week ended October 9 and is approaching $10 after an IPO priced at $8.DFDV common stock traded near $4.41 on Monday, giving the company a market value of about $144 million against roughly $287 million worth of SOL.  DeFi Development Corp, the Nasdaq-listed Solana piggy bank, added about 22,070 SOL—worth about $2,373,211—and “SOL equivalents” to its treasury last week, according to a press release published Monday.  That brings its stash to roughly 2,586,282 tokens, worth about $287 million with SOL near $111. Weekly buys keep shrinking, from 101,381 SOL in mid-September (around $11.4 million) to 47,706 ($5.8 million), then 26,202 ($3.1 million).  Myriad: Where does Solana go next? Click to make your prediction.  DFDV is a digital asset treasury company, a public firm that holds a cryptocurrency so stock investors can bet on it without opening a crypto account. It was a real estate software firm called Janover until April 2025, when it pivoted to Solana and copied Strategys

2 دن پہلےانڈسٹری

Bitcoin options price a quiet CPI week while shorts cluster at $76,000–$80,000

Bitcoin options expiring Friday carry substantial put exposure below the market price, while short-term volatility pricing has fallen ahead of Wednesdays US inflation report.  Related Asset Bitcoin #1 BTC · $82,362.18 24-hour change: down 1.65% Loading price history… 24H Down 1.65% 7D Down 3.65% 30D Up 6.80%  Data from Coinbase-owned Deribit, a crypto options exchange, showed that in an Oct. 12 snapshot the Oct. 16 settlement carried approximately 15,502 BTC in outstanding options, comprising 9,128 BTC in puts and 6,373 BTC in calls. The put-to-call ratio stands at 1.43, with about $451 million in underlying notional exposure concentrated in puts at $76,000, $78,000 and $80,000.  The snapshot put Bitcoin near $83,450 after last weeks selloff, while derivatives platform Laevitas reports declining short-term volatility expectations ahead of the Consumer Price Index (CPI) release.  Related Company Coinbase A leading digital currency company  Bitcoin puts cluster between $76,000 and $80,000  Deribits options data shows the largest concentration of puts at the $80,000 strike, with outstanding contracts carrying about $188 million in underlying notional exposure.  Related Company Deribit Cryptocurrency Futures s market downturn.  Bitcoin Market Positioning During the Oct. 16 Expiration Week (Source: Deribit)  Additional put exposure worth about $89 million is concentrated at $83,000, near Bitcoins current trading price.  The concentration suggests traders

2 دن پہلےانڈسٹری

Singapore Gulf Bank expands 24/7 USD payments through BNY

Singapore Gulf Bank has expanded its U.S. dollar payment services through BNYs 24/7 transfer network, giving eligible corporate and retail clients access to qualifying transfers during weekends and U.S. public holidays.  SummaryEligible clients can transfer dollars outside traditional U.S. banking hours through BNYs enrolled banking network.SGBs Payward connection separately supports instant dollar settlement for selected institutions across Asia and the Gulf.The bank says its SGB Net platform processes more than $20 billion in monthly fiat transactions.BNY has also announced institutional staking plans and blockchain-based fund ownership recordkeeping.  Singapore Gulf Bank announced on Oct. 12 that it had adopted BNYs 24/7 USD Book Transfers service, describing itself as one of the first financial institutions globally to use the solution.  Under the arrangement, the bank said qualifying dollar transfers can settle at any hour between eligible accounts held directly at BNY or through correspondent banks enrolled in the service. Access depends on the participating bank and account meeting the networks requirements.  For corporate customers, SGB identified account funding, supplier payments and time-sensitive cross-border treasury transactions among the supported uses. Its announcement also included eligible retail customers, extending access beyond businesses managing international cash balances.  You might also like:  Standard Chartered plans institutional crypto custody service in Singapore  Singapore Gulf

2 دن پہلےانڈسٹری

Bitcoin Price Faces CPI Reckoning as Analysts Eye $81,300 Support

Bitcoins price is hovering near $82,400 on Monday afternoon as Wall Street delivers a mixed performance across major indexes. Investors remain decidedly cautious ahead of pivotal U.S. inflation data scheduled for release later this week, including the consumer price index (CPI) and producer price index (PPI).  Key TakeawaysBitcoin slipped 1.5% to $82,400 Monday as crypto liquidations reached $304.24 million across 89,032 traders.Wall Street traded mixed, with the Dow gaining 0.4% while the Nasdaq fell 0.3% amid rising yields.Investors await CPI and PPI reports on Oct. 14 and 15, which could influence the Feds next rate decision.  Bitcoin Slips 1.5% as Crypto Liquidations Top $304 Million  On Monday, Oct. 12, 2026, shortly after 2 p.m. Eastern time, bitcoin is trading 1.5% lower against the U.S. dollar. Bitcoins price has surrendered 3.5% over the past seven days, although it remains 6.7% higher than its Sept. 12 valuation. The broader crypto economy, currently valued at $2.79 trillion, has shed 1.82% over the past 24 hours.  Coinglass metrics show that the days digital asset price movements have wiped out 89,032 traders with $304.24 million in long and short crypto trades liquidated. Around $42.02 million of the liquidations were BTC longs and $21.19 million BTC shorts.  According to Bitfinex analysts,

2 دن پہلےانڈسٹری

Ripple-Backed Evernorth Hits Nasdaq Holding 473 Million XRP Worth Far Less Than It Paid

In briefEvernorth began trading on Nasdaq under the ticker XRPN on Monday after closing its merger with SPAC Armada Acquisition Corp. II on October 9, holding about 473 million XRP and $300 million in gross cash.About 80.3% of Armadas public shareholders redeemed their shares for roughly $10.58 each, pulling about $195 million out of the deal and leaving a thin float that sent the stock as high as $53 before the close.XRP fell from $2.37 when the deal was signed to a $1.43 reference price at closing, valuing Evernorths treasury at roughly $677 million versus the more than $1 billion it originally raised.  Evernorth, the Ripple-backed company built to stockpile XRP, started trading on the Nasdaq on Monday under the ticker XRPN, giving anyone with a regular brokerage account a way to bet on the cryptocurrency without ever opening a crypto wallet.  The listing caps a merger with Armada Acquisition Corp. II that closed on Friday. Armada was a SPAC, short for special purpose acquisition company: a listed shell with no business of its own that raises cash, parks it in a trust, and waits to merge with a private firm that wants to skip a traditional IPO.  Myriad: Where does XRP go

2 دن پہلےانڈسٹری

Morgan Stanley sees tokenized assets at $3T–$10T by 2030

Morgan Stanley‘s head of digital asset strategy has backed expectations for a $3 trillion–$10 trillion tokenized asset market by 2030 while moving the bank’s expected tokenized equity trading support to early 2027.  SummaryAmy Oldenburg expects tokenized real-world assets to reach the $3 trillion–$10 trillion range by 2030.Morgan Stanley now expects to support tokenized equities in Q1 2027, after its previous 2026 target.Limited product availability has held back institutional client demand, according to the bank executive.DTCCs planned October service launch would support tokenized representations of securities held in its custody.  Amy Oldenburg, Morgan Stanleys head of digital asset strategy, said in a TOKEN2049 interview that she was confident tokenized real-world assets would reach the forecast range by the end of the decade.  “Well definitely be within that range without question.”  While backing that estimate, the executive identified private shares, structured notes and investment funds as areas where blockchain could reduce paperwork and simplify administrative tasks. Her comments covered financial products beyond publicly traded stocks, including assets whose ownership and transfers require more involved processing.  You might also like:  Morgan Stanley launches Digital Asset Lab to test stablecoins and DeFi  Morgan Stanley sees opportunities in private assets and funds  For private shares, custom financial products and access to private funds,

2 دن پہلےانڈسٹری

A7 to unveil a service that will re-invent the international payments market

On 13 October, the Russian international settlement system A7, created by Bank PSB, is set to present A7 International, a service enabling payments for a foreign counterpartys invoice in USDT, with the funds arriving via a standard SWIFT bank transfer in the required currency.  The service will cater primarily to foreign trade operators, but individuals are also eligible customers. The fee remains fixed at 0.3 percent.  Petr Fradkov, Chairman of PJSC Bank PSB, and Ilan Shor, CEO of A7, will provide a glimpse into its new offering on 13 October at 13:13.  To join the live broadcast and learn about the new project, follow the link.  About A7:  A7 is a global financial technology company specializing in international payments and settlement solutions for international trade. It was established in 2024 with the involvement of PSB Bank.  A7 is developing an independent global payment infrastructure across more than 100 countries, combining global financial expertise, advanced technology and regulatory compliance. The companys products include international payments, digital financial assets and promissory notes.  A7 Group works with 15,000 clients, with around 2,000 transactions processed through the system every day. In 2025, approximately 19% of Russian companies cross-border trade settlements were processed through A7. In October 2025, A7 received an AA(RU)

2 دن پہلےانڈسٹری

Solanas offline-signing proposal would keep approvals valid after failed transactions

Solana‘s plan to retire durable nonces, which let transactions be signed offline and broadcast later, would preserve cold-key approval while changing which addresses control the affected assets. For exchanges, custodians and treasury operators using that signing method, the proposed replacement adds a program between the cold key’s approval and execution.  Related Asset Solana #7 SOL · $107.96 24-hour change: down 3.48% Loading price history… 24H Down 3.48% 7D Down 9.71% 30D Up 5.78%  The Solana Foundations October deprecation plan points to onchain signer programs that verify an offline signature and execute its approved instructions. A program-derived address, or PDA, would control the affected accounts. The original key would still authorize actions, while a separate online operator submits them and pays the network fee.  The replacement creates a different custody architecture: operators must migrate the relevant assets or permissions, applications must accept actions arriving through another program, and risk teams must approve the new signing path.  Durable nonces remain usable. The Foundation has not set a removal date or made a final choice between Anza‘s Programmatic Signer and Blueshift’s Vector. Its roughly six-month migration window is conditional on a suitable replacement being ready, audited and live on mainnet.  The key keeps approving, but the account changes  Durable

2 دن پہلےانڈسٹری
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