Crypto News

Bitwise’s proposed Chainlink ETF (CLNK) has secured a key DTCC listing, marking backend readiness for clearing and settlement ahead of a pending SEC approval. Following its August S-1 filing and with a Form 8-A submission next, the ETF joins Bitwise’s Solana, XRP, Dogecoin and Aptos funds in offering regulated, institutional exposure to the LINK token. Although LINK slipped 2% after failing to break through $17.40 resistance amid broader market weakness and derivatives sell-offs, institutional demand and integrations like Chainlink Data Streams on Injective’s EVM Mainnet underline strong long-term fundamentals. Traders should watch SEC review timelines—potentially accelerated by the U.S. government reopening—as final approval of the Chainlink ETF could trigger renewed price momentum and boost DeFi infrastructure adoption.

Coinbase officially ended its advanced $2 billion acquisition talks with BVNK, terminating the deal during due diligence and exclusivity in October. The move halts what would have been Coinbase’s second-largest acquisition after its $2.9 billion Deribit buyout and would have significantly strengthened its institutional stablecoin infrastructure by integrating BVNK’s cross-border payment rails. Valued at a premium over comparable deals like Stripe’s $1.1 billion Bridge purchase, the termination frees up capital. Coinbase now plans alternative M&A to expand its stablecoin offering, while BVNK—processing over $20 billion in annual volume and backed by Citi Ventures and Mastercard—will reassess strategic options amid expectations of US stablecoin market growth to $2 trillion by 2028 under favorable regulations. Traders should note the removal of this near-term M&A catalyst, balanced by Coinbase’s continued commitment to stablecoin expansion and potential new partnerships.

Japan’s Financial Services Agency has greenlighted a JPY stablecoin pilot under its Payment Innovation Project. Major banks—Mizuho, MUFG, SMBC—and Mitsubishi Corporation’s finance arm will issue the coin via MUFG’s Progmat platform starting this month. The trial aims to modernize corporate settlements, lower transaction costs and boost productivity for over 300,000 clients. The FSA will publish results after completion. The announcement comes as Tokyo fintech JPYC launched the country’s first fully convertible JPY stablecoin, backed by seven adopters. Meanwhile, Bybit has halted new Japanese registrations, and regulators are refining crypto rules: the FSA plans to let banks hold BTC, and the Securities and Exchange Surveillance Commission will tighten insider-trading penalties. The JPY stablecoin pilot signals Japan’s push for compliant blockchain payments and sets a precedent for future crypto regulation.

Bitwise Asset Management has updated its S-1 filing to remove a Section 8(a) delaying amendment, triggering a 20-day countdown to automatic effectiveness. If the SEC takes no action, the new spot Dogecoin ETF could launch on November 26, 2025. The fund will hold physical DOGE, vaulted by Coinbase Custody Trust, with BNY Mellon handling cash. It plans to list on NYSE Arca under ticker “DOGE” and track the CF Dogecoin-Dollar Settlement Price, charging a 0.45 percent expense ratio. Approval would mark the first major regulated spot Dogecoin ETF and reflect growing institutional demand for altcoin products. Traders should monitor SEC developments, fund inflows and market sentiment, as approval could spark short-term volatility and support longer-term adoption of Dogecoin ETFs, despite liquidity and price-risk considerations.

Coinbase Europe Limited has agreed to a €21.46 million settlement with the Central Bank of Ireland—the regulator’s largest crypto fine—to resolve failures in its AML compliance between April 2021 and March 2025. Coding errors in its transaction monitoring delayed review of over 30 million transactions worth €176 billion. The breach led to 2,708 late suspicious transaction reports covering money laundering, fraud, drug trafficking, cybercrime and child exploitation. Under an Undisputed Facts Settlement, the penalty was cut by 30% from €30.7 million and now awaits High Court approval. Deputy Governor Colm Kincaid warned that weak AML compliance opens doors to financial crime. Coinbase Europe will revamp its AML infrastructure with real-time monitoring, advanced algorithms and regular technical audits. Analysts expect the move to accelerate adoption of AI-driven compliance solutions across Europe, influence exchange operations and bolster market trust.

Mastercard, Ripple, WebBank and Gemini have partnered to pilot RLUSD stablecoin settlements on the XRP Ledger (XRPL). Pending regulatory approval, the trial will route Mastercard–WebBank payments through RLUSD, integrating Ripple’s regulated, dollar-backed stablecoin into everyday card transactions. Ripple highlights XRPL’s low costs and rapid finality and notes that daily transactions on XRPL rose 8.9% to 1.8 million in Q3 2025. Since launching in December on Ethereum and XRPL, RLUSD’s market cap has doubled to over $1 billion. As one of the first U.S. banking integrations with a public blockchain, this pilot may boost demand for XRP and pave the way for mainstream stablecoin settlements.

Former President Donald Trump denied any personal or financial ties to Binance founder Changpeng Zhao during a November 2 ’60 Minutes’ interview, rejecting claims that the exchange financed stablecoin purchases for pro-Trump groups. He characterized Zhao’s legal proceedings as politically motivated and insisted his pardon of Zhao — who served four months in prison and paid a $4.3 billion settlement for money laundering charges — was not politically driven. Trump emphasized the importance of cryptocurrency to the US economy and urged America to lead innovation in the cryptocurrency industry, particularly against rivals such as China. Meanwhile, Zhao faces renewed scrutiny after U.S. Senate Democrats, led by Senator Elizabeth Warren, called for a federal investigation into potential conflicts over a proposed USD stablecoin for Trump’s crypto venture. Reports also suggest Zhao may file a defamation lawsuit against Warren. Traders should monitor developments at Binance and evolving regulatory dynamics, as these factors could impact BNB’s performance in both short- and long-term trading.

Coinbase is in late-stage talks for a $2 billion BVNK acquisition to enhance its stablecoin payment infrastructure. The Coinbase BVNK acquisition comes as stablecoins generated $246 million in Q3 2025, or 20% of Coinbase’s revenue. London-based BVNK, founded in 2021, offers enterprise-grade stablecoin payment solutions and has raised $90 million from Citi Ventures, Visa and Haun Ventures. Coinbase Ventures also holds a stake in BVNK. The deal, expected to close by early 2026, follows U.S. GENIUS Act passage. The Act provides clear rules for stablecoin collateralization and AML compliance, sparking renewed institutional demand. Industry experts say the Coinbase BVNK acquisition will help diversify revenue beyond trading fees and position Coinbase ahead of rivals like Binance and Kraken. By integrating BVNK’s technology, Coinbase aims to capture recurring transaction fees and reserve interest. Market projections see stablecoin capitalization exceeding $3 trillion by 2030. Traders should watch for long-term margin gains but limited immediate impact on token prices.

OKX data showed Bitcoin trading below 80,000 USDT in both reports. The earlier update put BTC at 79,993.4 USDT, down 1.17% over 24 hours; the later update showed it at 79,992.7 USDT, with the 24-hour loss widening to 1.48%. The small price change keeps BTC just below a closely watched round-number level. Traders may monitor whether BTC extends its decline or recovers above 80,000 USDT.

Coinbase says a security incident at third-party analytics provider Amplitude exposed contact information belonging to a “small subset” of Coinbase customers. Coinbase says its own systems were not breached and customer funds remain safe. It has not disclosed the number of affected users or the specific details exposed. SlowMist security chief 23pds claimed more than 70,000 users’ contact details were obtained, but Coinbase has not confirmed that figure. The exchange says it is notifying affected customers and regulators. The Coinbase data exposure could make users more vulnerable to phishing and social engineering, so traders should be alert to suspicious messages. Amplitude has not publicly explained how the incident occurred. The disclosure came as South Korea’s Bithumb investigated possible unauthorized access to an internal workplace tool, while Daishin Securities reported a leak affecting 38,490 customers. The incidents highlight third-party and workplace-system security risks, but no loss of crypto funds was reported in the Coinbase case. Coinbase also disclosed a separate breach in May 2025 that affected fewer than 1% of its monthly transacting users and could cost up to $400 million to address. The latest vendor incident’s scale and financial impact remain unclear.

The number of companies objecting to the OKX-Intercontinental Exchange (ICE) tokenized stock plan has risen from nine on Oct. 15 to 33, including seven newly named issuers in an updated notice filed on Oct. 27. That is more than half of the 62 issuers initially identified for the proposed venue. The 50-50 venture plans to offer approved users 24/7 trading of tokenized U.S. stocks, with faster settlement, through permissioned Uniswap v4 pools on OKX’s XLayer blockchain and using stablecoins such as USDC. Under the SEC’s Innovation Exemption framework, an issuer can object to its shares being tokenized on a specific venue; the objections do not prevent listings elsewhere or amount to blanket opposition to tokenized stocks. JPMorgan, one of the objectors, also has its own blockchain and tokenized-deposit initiatives. The growing list highlights issuer-consent and legal hurdles for the proposal, but does not directly restrict crypto trading or other tokenization platforms.

U.S. spot Bitcoin ETFs recorded $110.3 million in net inflows on Monday, while spot Ether ETFs lost $88.58 million. The latest Bitcoin ETF inflow came entirely from BlackRock’s IBIT, which has accumulated $66.24 billion in net inflows, while other tracked Bitcoin funds reported no net flows. Ether ETF outflows were led by BlackRock’s ETHA, which lost $104.7 million; Fidelity’s FETH partly offset the withdrawals with $16.13 million in inflows. The latest figures add to a wider October divergence: Ether ETFs have lost more than $1.1 billion this month, their largest monthly outflow this year, while Bitcoin ETFs recorded $301 million in net inflows for the week ending around October 23–24 despite roughly $774 million in late-week redemptions. Since launch, Bitcoin ETFs have attracted more than $57 billion in net inflows and hold about $102 billion to $104 billion in assets; Ether ETFs have drawn roughly $12.6 billion to $12.7 billion and hold about $14.5 billion to $14.6 billion. The contrast points to stronger relative demand for Bitcoin ETFs, but Monday’s inflow was concentrated in IBIT rather than broad-based across issuers. Solana, XRP and HYPE funds also saw outflows, while Zcash and NEAR products recorded inflows. Ahead of the Federal Reserve’s October 28 rate decision, traders will watch whether Bitcoin ETF inflows broaden and whether ETHA redemptions persist. Ether was around $2,309.58, with $2,280–$2,300 identified as a key support zone.

UK banks received 10,092 complaints about restricted or blocked crypto payments between May and August, according to advocacy group Stand With Crypto UK. The submissions came from 9,803 people using its online tool; an earlier account put the number at 9,800. The reports were voluntary and do not represent verified rejection rates across the banking sector. They covered all 650 UK parliamentary constituencies, but were not adjusted for banks’ customer numbers or payment volumes. Lloyds Banking Group recorded the most complaints, with 2,297, followed by Barclays with 1,569 and NatWest Group with 1,278. Together, they accounted for about 51% of submissions. Banks have varying policies: some set transaction limits, while others prohibit crypto payments or do not clearly publish their rules. Coinbase’s European policy head also cited separate industry research suggesting that 40% of attempted transfers to FCA-registered exchanges were blocked or delayed in the preceding year. Banks say restrictions help prevent fraud, scams and money laundering. Campaigners argue that unclear or blanket restrictions can obstruct legitimate transfers to regulated crypto businesses. The UK plans to bring more crypto activities under FCA authorization from October 2027, but the rules will not require banks to process payments to authorized firms, leaving access to banking unresolved. For traders, UK bank restrictions may complicate exchange funding, but the complaint figures do not establish a market-wide change in crypto demand or prices.

World Liberty Financial (WLFI), the Trump family-linked crypto firm, faces a lawsuit filed in Circle’s name by Circle shareholder J. Benjamin Greenberg. The complaint alleges that two deals involving entities linked to UAE official Tahnoon bin Zayed Al Nahyan violated the US Constitution’s Foreign Emoluments Clause and harmed Circle’s business. The allegations have not been proven, and Circle says it did not initiate or direct the case; WLFI has called it baseless. The suit concerns a reported $500 million purchase of a 49% stake in WLFI by Abu Dhabi entity Aryam Investment 1 in January 2025, and Abu Dhabi fund MGX’s $2 billion investment in Binance, settled using WLFI’s USD1 stablecoin. The shareholder argues that foreign-linked funding helped USD1 compete with Circle’s USDC, but the transactions alone do not establish that Circle lost business or suffered damages. A key early question is whether Greenberg can bring the case on Circle’s behalf. Separately, the US Office of the Comptroller of the Currency has granted preliminary conditional approval for a national trust bank charter for World Liberty Trust Company. Approval is not final, and the regulator said foreign-emoluments and conflict-of-interest concerns were outside the scope of its review. The lawsuit adds legal and regulatory scrutiny to WLFI and USD1, but its immediate market impact is uncertain. Traders may monitor court developments, the final bank-charter decision and any changes in USD1 adoption or stablecoin confidence.

US spot Bitcoin ETFs attracted about $525 million to $527 million in a single day, the strongest daily inflow in more than a month. BlackRock’s IBIT and Fidelity’s FBTC led the buying. Across three sessions, Bitcoin ETF inflows reached about $1.07 billion, helping reverse earlier monthly outflows. Bitcoin traded in the low-$80,000s, with reports citing ranges of $80,600–$82,000 and $81,500–$84,800. The strong Bitcoin ETF demand has not yet produced a clear price rally, amid elevated Treasury yields and uncertainty over Federal Reserve policy. Ethereum ETF flows were less consistent across the reports: an earlier update recorded about $14 million in net inflows after a five-session outflow streak, while a later report described four consecutive days of modest outflows. ETH hovered near $2,380, and Ethereum ETFs remained deeply negative for October in the earlier figures. Meanwhile, leverage in crypto futures cooled after a roughly $1.1 billion liquidation wave, with perpetual funding rates near neutral. Overall, Bitcoin ETF flows point to renewed spot accumulation, but muted price action, weaker Ethereum fund demand and macroeconomic and geopolitical risks leave the broader market outlook uncertain.

Strategy added 267 BTC between October 12 and 18, paying an average of $82,900 per coin, and brought its total Bitcoin holdings to 848,517 BTC. The purchase was funded by selling 140,872 common shares and using available cash. Since launching its $STRC offering in July 2025, Strategy has acquired 122,578 BTC, according to BTCtreasuries data. The company also repurchased $193.1 million of its STRC preferred shares and raised its authorization for digital credit repurchases from $2 billion to $3 billion. The continued Bitcoin accumulation signals sustained corporate treasury demand, while the share sales and capital allocation decisions remain relevant to investors assessing Strategy’s financing and potential market impact.

France’s National Assembly narrowly approved amendment I-3898 on October 16, voting 38–37, with 25 abstentions. The proposal would apply the existing 31.4% capital gains tax to gains realized when crypto assets are exchanged for qualifying MiCA-compliant electronic money tokens, including certain fiat-backed stablecoins. It would end the current tax deferral for these crypto-to-crypto conversions, but would not tax the full transaction value or impose a new rate. The crypto-to-stablecoin tax proposal is not yet law: it remains subject to the budget’s remaining approval stages and could be revised or withdrawn. If enacted, it is scheduled to take effect on January 1, 2027. The proposal also sets out an acquisition-cost and weighted-average basis for calculating gains. France’s public accounts minister opposed the measure, citing uncertainty over which stablecoins qualify and the difficulty of tracking transfers within crypto portfolios. A Chainalysis France executive warned that the crypto-to-stablecoin tax could shift some activity towards DeFi, peer-to-peer trades or offshore exchanges, potentially reducing visibility and revenue. Supporters estimate it could raise €1.5 billion, although the outcome would depend on investor behaviour and enforcement. For traders, the immediate effect is uncertainty; the proposal may influence stablecoin conversion strategies if adopted, while its direct impact on broad crypto prices is likely limited.

Bitcoin treasury company Strive has launched trading of its SATS preferred shares on Nasdaq after raising $630 million in an upsized IPO. It sold 7 million shares at $90 each. SATS carries a 15% annual dividend based on a $100 face value, equivalent to a 16.67% yield at the IPO price, with payments made every business day. Strive’s existing SATA product has a variable dividend. Strive expects net proceeds of about $608.15 million after costs. It says the funds may support several purposes, including Bitcoin purchases and income-generating assets, but has not disclosed how much will go to BTC. At a hypothetical BTC price of $82,500, the net proceeds could buy about 7,372 BTC. If all were allocated to Bitcoin, Strive’s reported holdings of 36,818 BTC could rise to roughly 44,190, potentially surpassing Metaplanet. That remains a scenario, not a confirmed purchase plan. Strive has separately disclosed buying 4,045 BTC between October 12 and 16 and is described in the report as the fourth-largest corporate Bitcoin holder. The company says it has no debt, bonds, credit lines or leveraged positions. Its common stock, ASST, rose 4% on Tuesday. Traders will be watching future Bitcoin purchase disclosures and SEC filings to learn how much of the IPO capital supports BTC accumulation.

Ledger has tightened reseller rules after confirming that some genuine hardware wallets sold by Southeast Asian reseller CryptoBilis carried an unauthorized hardware implant. During setup, the implant captured users’ 24-word recovery phrases from the device screen and sent them over a mobile network. It did not compromise Ledger’s Secure Element, operating system or transaction-signing process, so affected devices could still pass authenticity checks. Ledger says all confirmed losses involve CryptoBilis devices and it has found no evidence of tampering in its direct sales channel. On-chain researchers estimate that more than 300 wallets lost $86 million to $93 million, but Ledger has not verified those figures or confirmed total customer losses. Tether reportedly froze about $10 million in USDT. After a customer reported an implant in Germany, retailer MediaMarkt Saturn temporarily paused Ledger sales; Ledger says inspections of German stock and warehouse samples found no further tampering. On October 15, 2026, Ledger told authorized retailers to keep new devices off public display, stop reselling returned wallets and suspend sales in Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia and Hong Kong. CryptoBilis had been ordered to stop sales and shipments on October 9. Buyers who initialized a CryptoBilis device should treat its recovery phrase as compromised and move assets to a new wallet with a fresh phrase. Those who have not initialized one should leave it unused and contact Ledger Support. The Ledger implant highlights hardware-wallet supply-chain risks; using multisig with devices from different manufacturers can reduce single-device exposure, but cannot eliminate security risks.

Circle plans to expand USDC access across about 40 emerging and developing markets in Southeast Asia, Latin America, Africa and the Middle East, CEO Jeremy Allaire said on October 16. The company has not named the countries or set a rollout timetable. The plan builds on Circle’s renewed five-year distribution agreement with Binance, which also made a $100 million strategic investment in Circle. Circle’s proposed acquisition of Singapore-based Tazapay could add more than 60 banking and fintech partners and payment channels in over 100 markets. The deal remains subject to its terms and process, and Circle has not confirmed which markets will support USDC. USDC circulation stood at $73.3 billion at the end of Q2 2026, up 19% year on year, while quarterly on-chain transaction volume rose 151% to $14.8 trillion. Circle’s transparency page showed $72.7 billion in circulation and $73.0 billion in reserves as of October 12. The figures provide context for the expansion but do not show how much activity comes from the target markets.

Ripple Prime has launched 24/7 perpetual derivatives tied to traditional assets through trading infrastructure connected to Hyperliquid, in an arrangement involving Trade.xyz. Eligible institutional clients can trade price exposure to equities, ETFs, metals, energy and currencies beyond traditional market hours; the contracts do not confer ownership of the underlying assets, and leverage can magnify losses. Clients can cross-margin positions using RLUSD as collateral. The service operates under Ripple Prime’s BVI CIV licence, and market maker Virtu is among its first clients. Ripple Prime says its institutional brokerage supports more than 100 reference markets, but no launch trading-volume or adoption figures have been provided. The launch expands Ripple Prime’s institutional offering and could bring more professional trading activity to Hyperliquid. However, its effect on HYPE or other crypto prices is uncertain: uptake, liquidity and sustained client demand will matter more than the announcement alone. A prediction market’s odds of Hyperliquid reaching $100 by the end of 2026 rose from 43% to 45%, a small sentiment change rather than evidence of a lasting price trend.

Coinbase says Bitcoin faces no imminent quantum-computing threat, but the ecosystem should begin planning for quantum-resistant security. Updating Bitcoin’s cryptographic signatures could take up to seven years and require coordination among developers, wallet providers, exchanges, custodians, node operators, miners and users. BIP-360 and BIP-361 outline possible steps to limit exposure and eventually retire vulnerable address types and older signatures, but neither proposal has been adopted. Coinbase estimates about 1.7 million BTC are held in legacy P2PK addresses with publicly exposed keys. A migration could leave difficult questions over dormant or unmoved coins, including whether to preserve, restrict or burn them. NIST’s post-quantum standards offer potential tools, but do not settle Bitcoin’s technical or governance choices. For traders, Bitcoin quantum security is a long-term coordination risk, not a signal of an immediate price threat.

Kraken’s parent company, Payward, has received final approval from Dubai’s Virtual Asset Regulatory Authority (VARA) to operate as a regulated virtual asset service provider in the UAE. The approval follows preliminary clearance in May and allows Kraken to serve retail, professional and institutional clients. The Kraken UAE launch is planned to include spot and margin trading, AED-denominated pairs, dirham deposits and withdrawals, on-chain staking, tokenized equities such as xStocks, and crypto transfers through Krak. Institutional clients will also have access to OTC spot trading and Kraken Prime. Derivatives and additional yield products may follow in late 2026 or 2027, subject to regulatory approval. Payward also plans to offer trading infrastructure to regional partners. The approval strengthens Kraken’s regulated international presence; Payward says it holds more than 100 licenses and registrations. The expansion comes alongside reported Nasdaq investment talks and a separate SoFi Technologies arrangement involving crypto order routing and a stablecoin listing. While the Kraken UAE launch could improve the exchange’s regional reach, neither summary identifies an immediate price catalyst for Bitcoin or the wider crypto market.

A suspected Ledger supply-chain attack linked to authorized reseller CryptoBilis may have led to up to $94.5 million in losses across hundreds of wallets, according to blockchain analytics firms. Earlier estimates put losses at about $93 million across roughly 98 wallets; the figures remain unconfirmed by Ledger. Ledger said at least one affected device contained unauthorized hardware, but has not confirmed how recovery phrases or funds were compromised. Researchers have raised the possibility of a hidden module capturing recovery phrases, while phishing and pre-generated phrases have also been suggested. Ledger advised customers not to initialize unused devices bought through CryptoBilis. Customers who initialized potentially affected devices should move their assets to a new wallet using a newly generated recovery phrase. Tether has frozen $10 million in USDT linked to the theft, and investigators are tracing the remaining funds. Some assets were reportedly swapped into USDD, while some ETH moved through Tornado Cash. The Ledger attack highlights risks in hardware-wallet distribution channels and may weigh on short-term confidence in crypto custody, although it does not indicate a flaw in the underlying blockchain networks.

The UK has imposed sanctions on crypto exchanges and payment providers accused of helping Russian entities evade financial restrictions. The latest account names payment processors Cryptomus and Heleket, and Kyrgyzstan-based exchange TokenSpot; earlier reporting said the measures covered three exchanges and two payment platforms. Chainalysis said Cryptomus and Heleket received funds from more than 15,000 illicit counterparties. It also linked TokenSpot, Grinex and Meer to more than $308 million originating from an HTX deposit address. The UK had previously sanctioned HTX operator Huobi Global over alleged sanctions evasion; HTX said the measures did not affect its exchange or users’ funds. The UK crypto sanctions also focus on services allegedly connected to the Kremlin-backed A7 network. A7 says it moved more than $90 billion last year, while CertiK put cumulative on-chain volume for its rouble-linked A7A5 stablecoin at $110 billion. The designations increase compliance risks and scrutiny for crypto platforms, but target specific firms rather than major cryptocurrencies directly. The scale of A7-related activity suggests that sanctions on individual providers may not fully shut down these payment routes.

Ledger is investigating reports of crypto theft involving customers who bought hardware wallets from Southeast Asian reseller CryptoBilis. Ledger asked the reseller to pause sales and shipments, warned customers who bought a device in the past 90 days not to set it up, and advised those who already activated one to move funds to a new Ledger signer with a fresh recovery phrase. Ledger says there is no evidence its hardware or infrastructure was directly compromised, and it has not confirmed the number of victims or total losses. Onchain investigator Specter traced more than $86 million in funds to suspicious addresses across Bitcoin, Ethereum and TRON, including about $42 million in ETH, $17.6 million in BTC and $16.5 million in USDT. These figures are not a verified measure of customer losses, and investigators have not confirmed that all cases are connected. Binance founder Changpeng Zhao said the incident appeared localized and could involve a supply-chain attack by one reseller. Investigators have not established whether devices were altered or supplied with compromised recovery phrases. The case highlights hardware-wallet supply-chain risks, but there is no current evidence of a wider Ledger breach or attack on the Bitcoin, Ethereum or TRON networks.

Samsung plans to launch cross-border Solana USDC transfers for US users through Samsung Wallet and Samsung Pay in the last week of October 2026. The service could reach 82 million Galaxy devices, with more markets possible subject to local regulations. Users are expected to send USDC and convert between stablecoins and local currencies through integrated on- and off-ramps, while Solana processes transfers in the background. The announcement identifies Solana and Circle’s USDC after Samsung had previously signalled stablecoin support without naming a blockchain, issuer or launch date. Details remain unclear, including whether Circle is a direct partner, who controls users’ private keys and what fees will apply. The integration could broaden everyday access to Solana stablecoin payments. Solana’s stablecoin supply has grown nearly 20% year over year, and the network reportedly processed more than $5.25 trillion in stablecoin volume in 2026. However, SOL was down about 3% over 24 hours and traded near $115 at the time of writing; the rollout’s reach will depend partly on regulatory approvals.

US spot Bitcoin ETFs recorded nearly $485 million in net outflows on October 7, according to Farside Investors, reversing $118.8 million in inflows the previous session. BlackRock’s IBIT led withdrawals with $207.7 million, followed by Fidelity’s FBTC at $105.1 million and ARK’s ARKB at $101.7 million. Grayscale’s GBTC lost $39.3 million, while Bitwise’s BITB and VanEck’s HODL saw outflows of $27.6 million and $3.5 million, respectively. The broad pullback contrasts with the funds’ longer-term totals: spot Bitcoin ETFs held $107.4 billion in net assets and had accumulated $57.33 billion in net inflows. The latest Bitcoin ETF outflows suggest near-term risk reduction across a major regulated investment channel, but a single session of flows does not establish a lasting change in institutional demand. Traders may watch whether outflows persist and how Bitcoin responds.

Tether and Kazakhstan’s National Bank and Alatau City Authority have signed a memorandum of understanding to explore a tenge-pegged stablecoin and tokenized assets. The parties will study issuance models, develop a concept and pilot proposal, and consider projects in Alatau. The proposed Tether tenge stablecoin has no named issuer, blockchain or launch date, and the agreement also provides training for central bank specialists in issuance and reserve management. The announcement adds to Kazakhstan’s broader digital-asset push. The country earmarked up to $350 million for crypto-linked investments in March, and officials said its national crypto reserve reached $700 million in September, with about $200 million invested so far. Kazakhstan also has a separate tenge stablecoin pilot, while KZTE is already operating on Solana; Tether has not said whether either project is involved. The country plans up to $60 million in tokenized Alatau projects by the end of 2026. The Tether tenge stablecoin remains exploratory, with no immediate issuance or liquidity catalyst for traders. Its longer-term market relevance will depend on whether a pilot proceeds, which blockchain and issuer are selected, and whether the project attracts users.