NEAR jumps 6% to $5.50 and flips XLM by market cap
NEAR rose about 6% to $5.50 and passed XLM by market cap as trading volume topped $1.2 billion and Intents crossed $33 billion.
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South Korea’s Gwangju Bank and Toss successfully test stablecoin QR payments
Gwangju Bank and South Korean fintech company Toss have successfully completed a proof of concept for stablecoin payments using QR codes, allowing customers to make transactions through connected banking and payment apps. According to an Oct. 8 report by Yonhap…
Kyrgyzstan shuts $50M USDKG months after UK sanctions
Kyrgyzstan has shut down USDKG and ordered its issuer liquidated, while holders can exchange the gold-backed stablecoin for fiat or USDT.
Ripple challenges Wall Street banks with leveraged ETF financing push
Ripple has entered the leveraged exchange traded fund financing business through Ripple Prime, providing funding to investment products that seek to deliver multiples of the daily performance of individual stocks and market indexes. According to an Oct. 7 report by…
HYPE drops 4% to $87 as team starts $330M token deal
Hyperliquid Labs unstaked 3.75 million HYPE for an OTC deal as 1.25 million tokens returned to staking and HYPE fell 4.32%.
Franklin Templeton CEO questions how rivals tokenize funds
Franklin Templeton CEO Jenny Johnson criticized rival tokenized funds at TOKEN2049, pointing to BENJI’s onchain records, yield and costs.
Wells Fargo talks with Kraken parent about crypto trading
Wells Fargo is in talks with Kraken parent Payward over a possible crypto liquidity deal as U.S. banks expand their digital asset plans.
HashKey, BitGo add ETH and SOL staking for institutions
HashKey Cloud and BitGo expanded their partnership into ETH and SOL staking, institutional trading, custody and real-world asset tokenization.
Polygon Open Money Stack adds TRON support for USDT payments and payouts
Polygon has added TRON support to its Open Money Stack (OMS), allowing businesses to process stablecoin payments across fiat accounts, digital wallets, and multiple blockchains through a single integration. According to Polygon’s announcement, the integration supports the complete payment process…
Samsung Wallet to introduce USDC transfers across 82 million US Galaxy devices
Samsung Electronics has announced plans to introduce USDC stablecoin transfers through Samsung Wallet in late October, allowing eligible Galaxy users in the United States to send money to crypto wallets and bank accounts overseas. According to the company’s Oct. 7…
Cardano Foundation spins out digital identity firm Veridian
The Cardano Foundation has spun out Veridian as an independent digital identity company after three years of development, with its shares tokenized on Cardano and plans to seek investors in 2027. The Cardano Foundation, in an announcement dated Oct. 8,…
French Hill says SEC and CFTC crypto rules fall short of legislation
House Financial Services Committee Chair French Hill has renewed his push for a permanent US crypto law, saying regulatory action falls short of legislation as the Senate faces just 22 session days after November’s elections. Fox Business carried Hill’s comments…