Crypto News

Cryptocurrency companies can keep paying interest-like rewards, say federal bank regulators Federal Regulators on Cryptocurrency Rewards Cryptocurrency companies can continue to pay interest-like rewards to customers, federal regulators said Wednesday, despite warnings from banks that such programs could drain trillions of dollars in deposits from the banking system. The new rules are part of the implementation of the GENIUS Act, which was signed into law last year and was meant to codify the rules and regulations around issuers of stablecoins. Under the rules published by the Office of the Comptroller of the Currency, stablecoin issuers like Circle will continue to be prohibited from paying interest to people holding their coins...

Polymarket Takes Ohio to Federal Court, Citing New CFTC Rules After Kalshi’s Appeals Loss Polymarket Takes Ohio to Federal Court, Citing New CFTC Rules After Kalshi’s Appeals Loss Polymarket US has sued Ohio's attorney general and casino regulators in federal court, arguing that CFTC rulemaking from this month undercuts a September appeals ruling against Kalshi. The exchange filed its complaint on Oct. 16, Ohio's deadline, in Ohio's Southern District, where Judge Douglas Cole has the case. It names Attorney General Andy Wilson, the Ohio Casino Control Commission's seven members and interim executive director Andromeda Morrison. Ohio's Demand According to the complaint, the commission's Oct. 2 letter told Polymarket US to...

Stablecoins just got the regulatory clarity industry wanted Stablecoins just got the regulatory clarity industry wanted A federal banking regulator on Wednesday released a final version of new rules on dollar-pegged stablecoins. The rules give companies issuing stablecoins more flexibility while leaving a contentious question of stablecoin yield unresolved. The Office of the Comptroller of the Currency (OCC) finalized rules for implementing the landmark stablecoin legislation President Trump signed into law last year, known as the GENIUS Act. Those rules ease several proposed restrictions on how stablecoin issuers must manage their reserves, including a previous maturity limit that would have prevented issuers from holding...

Bitcoin and ethereum prices today, Wednesday, October 21, 2026: Crypto to outperform stocks and gold? Bitcoin and Ethereum Prices Today, Wednesday, October 21, 2026: Crypto to Outperform Stocks and Gold? Bitcoin (BTC-USD) opened at $82,940.14 on Wednesday, October 21, 2026, up 1.3% from Tuesday's open. As of 7:21 a.m. ET this morning, the price of bitcoin rose to $83,292.55. Ethereum (ETH-USD) opened at $2,446.67 on Wednesday, October 21, 2026, up 1.7% from Tuesday's opening price. The price of ethereum moved up this morning to $2,459.92 as of 7:21 a.m. ET. Prices for both bitcoin and ethereum opened largely in line with their opening-price pattern over the last week and a half. While that means crypto prices haven't moved all that...

Wall Street brings blockchain into the fold Wall Street Brings Blockchain into the Fold LAS VEGAS — The buzz at Money 20/20 is focused on consumers being on the verge of near-instant banking transfers, including at night or on weekends. Why It Matters America's financial giants have talked for years about bringing blockchain — the technology that cryptocurrencies like bitcoin are built on — into their systems. Now they're actually doing it. That shift to instant transfers could also make investing faster and more convenient: Digital versions of stocks could let investors transfer shares around the clock, even when exchanges are closed. "It's becoming more mainstream institutionally than it ever has been," Digital Currency Group...

OCC’s Final Stablecoin Rule Backs Off Yield Test, Scraps Automatic Redemption Extension Yield Test Removed The OCC's February proposal would have treated certain deals between an issuer and its affiliates or related third parties as violating the statute's ban on issuers paying interest or yield to holders, unless the issuer rebutted it. The Federal Reserve's September proposal took a similar approach. In the final rule text, the OCC wrote that "because payment stablecoins are a nascent market, the OCC does not believe that it is appropriate to impose a rebuttable presumption with respect to the yield prohibition at this time." The agency said it keeps its authority to act against evasion of the ban, and that it will review...

Meta AI Predicts Wild PI Network Binance Price for 2027 Meta AI Predicts a Huge PI Network Binance-Linked Move: What Does the Technical Analysis Say? Mark Zuckerberg's Meta AI predicts a significant move for Pi Network (PI) by January 1, 2027. The prediction suggests a target between $5 and $15, with a stretch goal of over $25 if a comprehensive crypto bull market occurs alongside a landmark catalyst. Currently, PI trades just above $0.08, experiencing a 3% increase over the past 24 hours. The official Pi Network token is not listed on Binance, although there was a prior community vote favoring a listing. Meta AI's forecast for PI's price assumes a return to full bull-market conditions and crucially, the eventual listing of PI on...

Microsoft, Alphabet, Goldman Sachs Join Growing List of Companies Objecting to Tokenized Stocks The Growing Corporate Backlash Against Tokenized Stocks The corporate backlash against tokenized stocks is snowballing. Seven more companies, including Microsoft, Google parent Alphabet, and Goldman Sachs, have objected to having their shares traded on OKXICE TSV, according to an updated public notice dated Monday. OKXICE TSV is a planned tokenized stock venue from OKX and NYSE owner Intercontinental Exchange. Qualcomm, Caterpillar, McDonald's, and Western Digital also joined the list. That brings the total to 16 objecting issuers, up from nine in the venue's previous notice just four days earlier. The earlier group included Verizon...

JPMorgan Says Bitcoin Will Beat Gold and Stocks — After Years of Crypto Skepticism Key Takeaways JPMorgan Asset Management projects 10% compound annual returns for Bitcoin, ahead of stocks and gold. Matt Hougan celebrated the forecast, although the firm still flags major risks around Bitcoin. BlackRock has filed for a third Bitcoin ETF, seeking to limit losses in exchange for capped upside. JPMorgan's asset management arm expects Bitcoin to outperform stocks and gold over the long term, offering crypto supporters a fresh talking point after years of criticism from the bank's chief executive. The forecast drew a particularly celebratory response from Bitwise investment chief Matt Hougan, as BlackRock separately filed for another...

French Lawmakers Back Tax on Crypto-to-Stablecoin Swaps by a Single Vote French Lawmakers Back Tax on Crypto-to-Stablecoin Swaps by a Single Vote France's National Assembly voted on Oct. 16 to adopt an amendment to the 2027 finance bill that would make trading crypto for stablecoins a taxable event, according to the chamber's official vote record. The tally was 38 in favor and 37 against, with 25 abstentions. The amendment, number 3898, was tabled by Nicolas Sansu of the GDR group. Of the 100 deputies who took part, 75 cast a vote, so the measure needed 38 votes for an absolute majority and got exactly 38, one more than the 37 against. The vote came at first reading, and the change is not law. What the Amendment Would Do Under...

Blockchain Association Asks Treasury to Narrow GENIUS Act Rule on Who Can Sell Stablecoins Blockchain Association Asks Treasury to Narrow GENIUS Act Rule on Who Can Sell Stablecoins The Blockchain Association is asking the U.S. Treasury to set a higher bar before a crypto company can be found to have taken part in an unlawful stablecoin issuance under the GENIUS Act and to leave traders and decentralized finance (DeFi) infrastructure outside the rule's reach. The industry group filed a 26-page comment letter dated Oct. 19, the last day Treasury accepted feedback on its proposed rule implementing Section 3 of the stablecoin law. That section governs who may issue payment stablecoins in the U.S. and when digital asset service...

Mastercard Brings Its Fraud-Fighting Tools to Stablecoin Payments Mastercard Brings Its Fraud-Fighting Tools to Stablecoin Payments Mastercard is extending its fraud-fighting playbook to stablecoins, launching a tool that lets financial institutions scan dollar-pegged token payments for fraud, scams, and sanctions exposure before the money ever moves on-chain. Unveiled at the Money20/20 conference in Las Vegas, the product, called Stablecoin Security, combines Mastercard's payment intelligence with blockchain analytics to assess risk across the full life of a transaction, from the moment a payment is initiated through its movement on a public ledger. The company launched it with two initial program participants, Borderless.xyz and...

Binance Lets All Users Run AI-Built Trading Strategies Following Successful Beta Binance Lets All Users Run AI-Built Trading Strategies Following Successful Beta Binance made its AI Pro strategy agent available to all users on Monday, adding a free tier to a product that had been open only as a paid beta since March. Binance AI Pro takes a trading idea written in plain language, such as the risk limits to use, the market conditions to watch for, and the coins to trade, and turns it into an automated strategy shown as an editable visual workflow. It works on the Binance website and app without a separate sign-up, according to the company, and supports spot and USDS-M futures strategies. Binance said availability is subject to...

The Math Behind the $210 XRP Price Target The Math Behind the $210 XRP Price Target Using approximately 63.13 billion circulating XRP, multiplying the supply by a $210 price produces a value of about $13.26 trillion. A trader is turning a viral year-end call into a valuation claim on a scale rarely seen in any asset. With XRP trading under $1.35, the arithmetic—not Ripple's expanding business alone—is the test the prediction has to pass. Crypto Captain posted that XRP would reach $210 before the end of 2026. The claim drew pushback from XRP supporters, while the token was trading around $1.31, down from approximately $1.50 on October 6, a decline of roughly 13%. The basic calculation is price multiplied by token supply. Using...

Bitcoin Is Flashing a Warning Sign Wall Street Can’t Ignore, Says Mike McGlone Key Takeaways Mike McGlone warns that Bitcoin's weakening trend could foreshadow declines in stocks and industrial metals. His 50-week moving-average comparison shows similarities with Bitcoin's 2018 and 2022 bear markets. A sustained Bitcoin recovery would challenge McGlone's bearish interpretation. Bitcoin's weakening long-term momentum could signal trouble beyond cryptocurrency markets, according to Bloomberg Intelligence strategist Mike McGlone, who warns that stocks and industrial metals may eventually follow its decline. In a post on X, McGlone compared Bitcoin's rolling 50-week average with patterns surrounding the 2018 and 2022 bear markets...

BREAKING: JPMorgan Expands JPM Coin Deposit Token to Ethereum Network JPMorgan Expands JPM Coin Deposit Token to Ethereum Network JPMorgan is bringing its USD-denominated deposit token JPM Coin (JPMD) to Ethereum. Institutional can now use JPMD on Ethereum network beyond Coinbase-linked blockchain Base. JPMorgan's Emma Landriault remarks it as further convergence between Wall Street and crypto. Wall Street giant JPMorgan is bringing its USD-denominated deposit token JPM Coin (JPMD) to Ethereum for institutional clients. Ethereum's "established depth of onchain liquidity and tokenized assets" makes it a natural next public blockchain for JPMD. JPMorgan Brings Deposit Token to Ethereum for Institutional Clients $5 trillion AUM...

Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red Bitcoin ETF investors spent another week heading for the exits. U.S. spot Bitcoin ETFs shed $82.4 million on Friday, according to Decrypt's ETF tracker, capping a week in which outflows outweighed inflows on three of five trading days. The funds lost a net $228.6 million for the week, according to SoSoValue, following a $681.1 million drain the week before. Over the two weeks, about $910 million has left the funds. It was a choppy stretch. A $175.7 million inflow on Tuesday was wiped out a day later by $261.4 million in redemptions, the week's worst session. Thursday brought a modest $5.1...

Top 4 Earnings Reports This Week: What Tesla, Meta, SpaceX, Netflix Must Show Top 4 Earnings Reports This Week: What Tesla, Meta, SpaceX, Netflix Must Show Shareholders in Meta, Tesla, Netflix, and SpaceX receive quarterly results Tuesday and Wednesday, after the US market closes. Nasdaq values the first three at about $3.6 trillion combined. Forecasts, not beats, have been moving these stocks lately. In July, Netflix topped profit estimates by a cent, then fell about 9% after hours on a weaker outlook. How Much AI Spending Must Tesla, Meta, and SpaceX Earnings Justify? Meta plans $130 billion to $145 billion of equipment and data center spending in 2026, according to its results. In the second quarter, $31.1 billion of spending...

Banks Hold a Lever Over Stablecoin Adoption, BIS Economists Say Banks Hold a Lever Over Stablecoin Adoption, BIS Economists Say Banks worried about losing customers to stablecoins may already have a counterweight: the interest rate on a savings account. That's the takeaway from a new working paper published by the Bank for International Settlements, the Basel-based bank for central banks. Using weekly U.S. data from January 2019 through June 2025, BIS economist Iñaki Aldasoro and Rashad Ahmed of the Andersen Institute for Finance and Economics found that stablecoin growth slows when banks raise deposit rates. Stablecoin market capitalization grew by about 15% over a typical 10-week span in the sample used by the researchers. A...

Hyperliquid Founder Jeff Yan Proposes New Regulatory Model to Bring Wall Street Onchain Key Takeaways Hyperliquid founder Jeff Yan proposes regulating financial firms operating on blockchain infrastructure rather than the underlying network. Kraken's parent company, Payward, is pursuing regulated US derivatives trading using Hyperliquid technology. The proposal could open blockchain-based markets to Wall Street, but US regulators have not endorsed Yan's framework. Hyperliquid Founder Jeff Yan Proposes New Regulatory Model Hyperliquid founder Jeff Yan has proposed a regulatory framework that could allow Wall Street institutions to operate on blockchain infrastructure without requiring the underlying network to register as a...