News linked to this event type.
Odaily reports: The U.S. Commodity Futures Trading Commission (CFTC) has signed a memorandum of understanding with the National Basketball Association (NBA) to share information and establish communication mechanisms to maintain fair trading in prediction markets and prevent insider trading and market manipulation. The NBA announced that Kalshi and Polymarket will become its preferred prediction market platforms. The NBA is the third U.S. professional sports league to sign a similar agreement with the CFTC, following the National Hockey League (NHL) and Major League Baseball (MLB), which have already established cooperation with the CFTC.
Mike Selig stated that the crypto market should enjoy the same protections that have been applied to the U.S. derivatives market for decades. While Congress has yet to act, the U.S. Commodity Futures Trading Commission (CFTC) is advancing a voluntary federal registration regime for crypto trading platforms, bringing their regulatory standards closer to the high-standard regulatory system of U.S. financial markets.
Canada's Department of Finance has launched a 60-day public consultation on its stablecoin regulatory draft, with a deadline of December 23. The draft continues to prohibit issuers from paying interest to holders directly or through third parties, but allows rewards tied to transaction activity; non-bank issuers must back circulating fiat-pegged stablecoins 1:1 with equivalent reserve assets and hold reserves with eligible Canadian financial institutions. User redemptions should be completed within 3 business days, with fees not exceeding 1%; the related framework is expected to take effect around the end of 2027.
According to Bloomberg, cryptocurrency, venture capital, and prediction market companies associated with Donald Trump and his family are scrambling to hire lawyers and lobbyists in preparation for a potential congressional investigation. It is reported that Democratic lawmakers have already requested information from World Liberty Financial and 1789 Capital, focusing on whether these related firms have secured government contracts or policy favors, and whether any conflicts of interest exist. However, analysts suggest that even if Democrats win a congressional majority in the midterm elections, the investigation could still face obstacles, including difficulties in compelling foreign individuals to provide testimony or documents, and uncertainty over whether federal agencies such as the Department of Justice will take further action. At present, the involved companies and the Trump family maintain that their business activities comply with the law.
According to Cryptopolitan, Canada published a draft stablecoin regulation in the Canada Gazette on October 24, prohibiting issuers from paying direct or indirect returns to holders, including platform activity rewards permitted by some U.S. platforms. The draft requires non-financial institution issuers to register with the Bank of Canada, maintain reserves of high-quality liquid assets in the denomination currency at a 1:1 ratio, be redeemable at par value, and hold reserve assets in banks. Banks, trust companies, and other prudentially regulated institutions are exempt from this issuer framework, and tokenized deposits at these institutions may continue to pay interest and remain eligible for deposit insurance. The draft opens a 60-day consultation period, and the Department of Finance Canada expects the rules to take effect in 2027. The Canadian Banking Association has expressed support for the return ban, while Stablecorp CEO Kesem Frank advocates following the U.S. approach to allow certain rewards.
According to CoinDesk citing the Financial Times (FT), CalPERS, the California Public Employees' Retirement System and the world's fifth-largest pension fund managing over $600 billion in assets, will cut its combined direct shareholdings of the "Magnificent Seven" tech stocks by 26% in the first half of 2026 (as calculated by FT from regulatory filings). CalPERS Deputy Chief Investment Officer Anton Orlich stated that public market valuations are high, tech giants may underperform compared to other investments, and the fund is increasing its private equity allocation to diversify investments and reduce reliance on a few market leaders.
According to a press release published on Ripple's official website, Aviva Investors and Ripple have announced the launch of a tokenized share class for a British pound (GBP) liquidity fund on the XRP Ledger (XRPL). This marks the company's second existing fund to undergo tokenization, following the launch of a tokenized share class for its US dollar liquidity fund in July 2026. The GBP liquidity fund is Aviva Investors' largest fund, with approximately £22 billion in assets under management, and is registered in Ireland as a UCITS money market fund. Aviva itself has invested £50 million (approximately $66 million) into the new share class. Combined investments across both tokenized share classes exceed £86 million (approximately $116 million), making Aviva Investors one of Europe's largest providers of tokenized money market funds. The fund utilizes a "digital twin" model, representing investor holdings on-chain while preserving the off-chain fund structure. The tokenized shares carry the same investment objectives, risk characteristics, liquidity, and regulatory protections as traditional shares. The new shares are available to eligible investors holding digital wallets, and are powered by Komainu and Licuido, with assets remaining custodied by BNY Mellon.
Odaily reports: ViaBTC has announced that it will attend the 9th Crypto Summit 2026 as a strategic partner. The event will be held from October 28 to 29 at MTS Live Hall in Moscow. The conference will bring together miners, investment institutions, exchanges, technology service providers, and policymakers to discuss topics including mining infrastructure, the digital asset market, and regulation. ViaBTC is currently one of the world's top four Bitcoin mining pools and also the Zcash (ZEC) mining pool with the largest hash rate.During the conference, ViaBTC Business Director Anton will participate in a roundtable discussion focused on changes in the mining landscape. Drawing on ViaBTC's experience accompanying miners through multiple market cycles, he will explore how mining companies can respond to market pressure, improve profitability, and identify new growth opportunities. Business Manager Alina will deliver a speech sharing practical advice on using mining pool services to help miners manage daily mining operations more efficiently.In addition, the ViaBTC team will meet face-to-face with miners and industry partners at Booth S-02 to share ten years of mining service experience and discuss collaboration opportunities. Through these exchanges, ViaBTC hopes to gain a deeper understanding of miners' practical needs and continue improving the stability of its mining services and the flexibility of yield management.
According to a Goldman Sachs report, the Federal Reserve is expected to pause rate hikes at its October policy meeting, but may implement the final rate increase of this cycle in December. Goldman Sachs noted that since September, the Financial Conditions Index (FCI) has tightened by approximately 30 basis points, a magnitude insufficient to substitute for further rate hikes. Markets should not interpret tightening financial conditions as a signal that the rate-hiking cycle is about to end.
According to reports from the South China Morning Post, Anchorpoint, a joint venture for stablecoin issuance spearheaded by Standard Chartered, plans to roll out a public blockchain stablecoin product for retail users in Hong Kong, though a specific launch date has not yet been confirmed. The company had previously indicated that the product could potentially be launched as early as the end of 2026. CEO Dominic Maffei stated that the team will adopt a prudent approach and will not rush the launch merely to meet timelines. The company aims to further integrate regulated digital currencies into everyday payments and commercial use cases, while bridging traditional payment infrastructure with the digital finance ecosystem.
According to Crowdfund Insider, UK fintech Revolut is actively negotiating with the Philippine Central Bank (BSP) regarding an application for a local digital banking license. BSP Deputy Governor Lyn I. Javier stated that while discussions are ongoing, whether Revolut ultimately enters the Philippine market depends on its ability to meet regulatory requirements. Revolut must undergo assessment by the central bank and satisfy the relevant requirements for foreign banks to establish operations locally, with the specific timeline contingent on the company's compliance readiness.
Odaily report: The California Department of Financial Protection and Innovation (DFPI) has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) opposing its "Regulation Crypto Assets" proposal, stating that the plan could weaken investor protection and limit state government review of issuance projects. DFPI Commissioner KC Mohseni said California opposes federal regulators undermining state-level regulatory authority and protective measures.The proposal would allow eligible issuers to raise up to $5 million over four years through a startup exemption; another crypto fundraising exemption would allow issuers to raise up to $75 million within 12 months. Relevant issuances would need to disclose project details, risks, and other information necessary for investor assessment, and some fundraisings would also require submission of financial statements and ongoing reporting.Federal securities laws still preserve states' authority to investigate securities fraud, deceptive practices, and illegal broker or dealer activities. Blockchain payments company Ripple, crypto exchange Coinbase, and exchange operator Nasdaq all support adjusting the proposal; the DFPI said its scam tracker list added nearly 200 crypto-related scams, an increase of 30% from the previous year. (Bitcoin.com News)
Trump stated that the time has come to decide on the next steps against Iran, as Israel's election and the challenge of Netanyahu forming a government inject uncertainty into U.S.-Israel policy toward Iran.
a notice updated by OKXICE TSV on October 23 listed 6 newly objecting companies, including Wells Fargo, Cisco Systems, Marvell Technology, Arm Holdings, Moderna, and Intuit. The total number of companies that have raised objections has increased to 22, up from 16 on October 19 and 9 on October 15. The notice did not state the reasons why the companies objected, nor did it explain the impact of the objections on whether the stocks can be traded on the platform.OKXICE TSV is a joint venture owned 50-50 by Intercontinental Exchange and OKX's U.S. holding company, and plans to allow approved users to trade tokenized U.S. stocks around the clock. Trading will be conducted through Uniswap v4 liquidity pools on OKX's XLayer blockchain and settled using stablecoins such as USDC.The notice disclosed that the platform suspends trading only when the underlying stocks are halted, has not set up other circuit breaker mechanisms, and has not established policies for handling issues related to blockchain transaction ordering. Smart contracts can be upgraded without prior notice to users, and the contract controlling trading eligibility has only undergone an internal audit. (Decrypt)
Cynthia Lummis posted that Democrats had requested lowering the annual fundraising cap for cryptocurrency regulation from $75 million to $50 million and adding a $200 million lifetime cap. She said the relevant provisions had been agreed to and written into the Crypto Market Structure Act (CLARITY Act), but Democrats subsequently still voted against this rule aimed at protecting retail investors.
Odaily reports: According to a report by cryptocurrency advocacy group Stand With Crypto (SWC), between May and August of this year, UK consumers submitted 10,092 complaints through its online tool regarding banks restricting cryptocurrency purchases, involving 9,800 users and covering all 650 parliamentary constituencies in the UK. Among them, Lloyds Banking Group (including Halifax and Bank of Scotland) received 2,297 complaints, accounting for approximately 23% of the total; Barclays and NatWest Group received 1,569 and 1,278 complaints respectively.The report notes that although the UK government is committed to establishing a comprehensive crypto asset regulatory framework to attract relevant businesses, bank transfer restrictions may still hinder consumers from using compliant trading platforms. Citing research from the UK Crypto Asset Business Council, SWC stated that over the past 12 months, approximately 40% of transfers to cryptocurrency exchanges registered with the UK Financial Conduct Authority (FCA) were blocked or delayed. (CoinDesk)
Odaily reports: The U.S. Office of the Comptroller of the Currency (OCC) has finalized implementation rules for the GENIUS Act, applicable to permitted payment stablecoin issuers, foreign issuers under OCC jurisdiction, and certain custodial activities of regulated entities, covering reserve backing, redemption, and risk management. Treasury Secretary Scott Bessent called the legislation a "watershed moment for American finance," likening it to the National Currency Act of 1863. The final rules did not incorporate Bank Secrecy Act, anti-money laundering, or OFAC sanctions provisions; these matters will be addressed through subsequent rules coordinated with the Treasury Department. The GENIUS Act was signed into law in July 2025, and regulators failed to finalize rules before the July 18, 2026 deadline; the Federal Reserve proposed two related rules in September 2026. Both the GENIUS Act and the OCC's final rules are set to take effect on January 18, 2027, and the OCC has not yet announced a timeline for accepting issuer applications and exemption requests.
CoinDCX has issued an announcement stating that it detected anomalous system activity on October 21, and subsequent investigation confirmed that the anomalous activity affected legacy wallet infrastructure that had been deprecated following the July 2025 security incident. CoinDCX stated that due to a malfunction in the automated fund sweeping service that lasted for a period of time, some user deposits mistakenly sent to old addresses were not transferred in a timely manner, ultimately resulting in a loss of 15.99 million USDT, with the related losses borne by the company.CoinDCX emphasized that existing wallets and trading systems were unaffected, user funds remain securely held in isolated cold wallets, and trading, deposit, and withdrawal services all continue to operate normally.
According to monitoring by Salus, Tether has blacklisted nine addresses linked to the CoinDCX security incident and frozen approximately 2.2129 million USDT. The investigation was triggered by an anomalous transfer, and subsequent on-chain evidence prompted Tether to implement the freeze.
According to Odaily, data from the Korea Securities Depository shows that from October 1 to 22, South Korean individual investors accumulated approximately $4.8 billion in net purchases of US stocks, of which the triple-leveraged US semiconductor ETF (SOXL) saw net purchases of $3.548 billion (approximately 4.7 trillion Korean won), accounting for 73.9% of total net US stock purchases during the same period.Meanwhile, as the Korea Composite Stock Price Index (KOSPI) has fallen 18.83% cumulatively this month, from October 1 to 23, individual investors net purchased a combined 315.4 billion Korean won in single-stock leveraged products related to Samsung Electronics and SK Hynix, marking the first resumption of monthly net purchases since regulatory tightening at the end of July. (Chosun Ilbo)