Kraken moves to acquire $181 million European bank in major push beyond crypto trading
Kraken parent company Payward has agreed to acquire Saldo Finance Oy, the owner of Saldo Bank, in a $181 million deal to…
Stablecoins
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US deposit rates choke USDC adoption, and a BIS model reveals why
A Bank for International Settlements research paper shows that rising US bank deposit rates slow USDC adoption more than USDT adoption, highlighting…
Sky’s $4.4 billion liquidity disclosure shows why USDS cash-outs need a separate bank route
Sky disclosed over $4.4 billion in stablecoin liquidity within its Peg Stability Module, highlighting how conversion mechanisms and internal reserves operate separately…
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More than half of Ethena’s USDe backing is allocated to lending
LlamaRisk’s October 12 snapshot makes available pool assets, institutional recall terms and conditional redemption access central to holders’ exits. The post More than half of Ethena’s USDe backing is allocated…
Global watchdog warns the $300 billion stablecoin market could face bank runs even with full reserves
The Financial Stability Board warned that the $300 billion stablecoin market faces severe redemption crises and bank run risks if cross-border reserves become inaccessible during market stress.
Standard Chartered brings Ripple’s RLUSD into banking custody after $765 million quarterly surge
Standard Chartered has launched custody services for Ripple's RLUSD stablecoin in Dubai, enabling institutional clients to use the digital asset as trading collateral through a partnership with LMAX.
France’s tax proposal would tax Bitcoin-to-USDC swaps before investors cash out
France’s Finance Committee approved an amendment that would tax cryptocurrency conversions from Bitcoin into specific stablecoins like USDC as taxable disposals, eliminating prior tax deferrals even before investors cash out.
A Solana wallet tested a fake address with $10, then sent it $30,750
A Solana wallet fell victim to an address poisoning scam, losing over $30000 after testing a fake lookalike payment destination found in its transaction history.
XRP rebounded as Binance spot turnover fell nearly 80%
XRP futures exposure began rebuilding by October 11 following heavy long liquidations across major exchanges, even as Binance spot trading turnover fell nearly 80 percent during the price recovery.
Aave’s USDG rollover plan has a yield below most quoted borrowing rates
Aave's proposed USDG rollover allows borrowers to carry stablecoin debt into a new fixed-yield position, though replacement collateral yields fall below most borrowing rates, making leverage and external rewards central…