News linked to both this project and an event.
Odaily reports: Bitcoin News posted on X that Russia will require individuals to conduct P2P digital asset transactions through licensed brokers or registered exchanges starting July 1, 2027, and will restrict transfers from regulated digital asset accounts to personal non-custodial wallets. Non-qualified investors must pass a knowledge test, and their annual digital asset purchases through each intermediary must not exceed 300,000 rubles. The use of Bitcoin and other digital assets to pay for goods and services within Russia remains prohibited.
Odaily reports: The GENIUS Act took effect on July 18, 2025, with the general applicability date being 18 months after enactment, or 120 days after the primary federal payment stablecoin regulator issues final implementing rules, whichever is earlier. The U.S. Treasury Department expects the general effective date to be January 18, 2027, with certain issuance and sales restrictions taking effect on July 18, 2028.The Office of the Comptroller of the Currency (OCC) published its primary implementation proposal in February 2026, and the Federal Reserve proposed rules on September 24, 2026 covering regulated issuers, reserves, capital, risk management, custody, and application procedures. An interim final rule effective September 30, 2026 has established the forms and procedures for certification of state regulatory regimes.Stablecoin issuers need to assess approval, prudential supervision, reserve, and redemption requirements; distributors and intermediaries need to analyze exchange, transfer, custody, and related financial services obligations. Companies holding stablecoins also need to review redemption channels, reserve arrangements, custody, freezing, and counterparty risks, and those accepting stablecoin payments need to distinguish between receiving payments for their own goods or services and transferring funds on behalf of others.Prospective issuers may choose the path of an approved subsidiary of an insured depository institution, a federal qualified issuer, or a state qualified issuer; state qualified issuers that meet the conditions and have outstanding issuance of no more than $10 billion may opt for state supervision. Payment stablecoin reserves must cover outstanding tokens at least one-to-one, and companies also need to map out fund flows, customer rights, compliance responsibilities, and product yield arrangements. Relevant issuers may not pay interest or yield solely by virtue of holding, using, or retaining payment stablecoins. (Bitcoin.com News)
Odaily reports: JPMorgan Asset Management has for the first time incorporated Bitcoin into its long-term capital market assumptions, projecting an annualized return of approximately 10% for Bitcoin over the next decade, with the potential to outperform stocks, bonds, and gold. However, the forecast also assumes an annualized volatility of 55% for Bitcoin, more than three times that of U.S. large-cap stocks.JPMorgan believes that gradually improving regulatory frameworks and continued enhancements in market liquidity and price discovery mechanisms could further drive Bitcoin's acceptance in traditional financial markets. Looking ahead to the next decade, technological innovation in areas such as artificial intelligence, robotics, healthcare, and space, along with approximately $15 trillion in global capital expenditure growth, are also expected to drive economic growth and asset returns.Analysts noted that the correlation between Bitcoin and other assets is unstable, making it currently unsuitable as a diversification asset in balanced portfolios. As a result, the firm has not yet included it in its main portfolio models. If Bitcoin's volatility continues to decline and its correlation with other assets stabilizes in the future, its value for portfolio allocation could increase. (Bloomberg)
Odaily reports: Nasdaq-listed US online brokerage Webull plans to open perpetual contract trading to eligible US clients starting in November, with the first batch of products including Bitcoin and other crypto assets, and intends to expand access before the end of the year. The contracts will be listed on the CFTC-regulated Kalshi exchange, with clearing handled by Kalshi's clearinghouse, and Webull users approved for futures trading will be able to trade through their existing futures accounts. (WSJ)
Odaily reports: Bitcoin News posted on X stating that, with the Clarity Act stalled, regulators are crafting digital asset market rules on their own under existing authority. The U.S. Commodity Futures Trading Commission has sought comment on a retail digital asset trading framework, including the addition of a new "crypto asset market" exchange category, with the comment period closing on December 14; the U.S. Securities and Exchange Commission's comment window for its proposed Regulation Crypto Assets will close on October 20. Regulators are moving faster than Congress on rulemaking, but the rules may face court challenges or be revoked by future commissions; a durable regulatory framework still requires legislation.
Bitcoin News posted on X that most of Revolut's services in the UK have still not been restored more than 10 hours after the outage began. The official status page shows that 23 services are partially unavailable, including card payments, bank transfers, ATM withdrawals, currency exchange, crypto trading, stock trading, and account access. The outage has also affected commercial banking services, merchant payments, identity verification, and authentication. Revolut said it is investigating the incident and working on a fix, but has not yet estimated when all services will be fully restored.
Odaily — Stablecoin issuer Circle reported approximately $1.4 billion in revenue for the first half of 2026, of which about $819 million (59%) was paid to USDC distribution partners and for transaction costs, while another $473 million (approximately 34%) went toward licensing, banking partnerships, liquidity, compliance, and other expenses.Circle's net profit for the first half accounted for approximately 7% of revenue. Circle stated that the company holds more than 55 licenses and registrations, has partnerships with over 25 banks, and has deployed native USDC on more than 35 blockchains.Circle Payments Network users and eligible Circle Platform customers can redeem USDC free of charge on a near-real-time basis, 24/7 year-round, with standard redemptions typically completed within two business days. Circle minted and redeemed over $315 billion in USDC during the first half.USDC on-chain transaction volume exceeded $36 trillion in the first half of 2026, accounting for approximately 77% of global stablecoin transaction volume in June; minting and redemption volume reached $170 billion in the second quarter, up 105% year-over-year. (Bitcoin.com News)
the Swiss Financial Market Supervisory Authority (FINMA) approved the country's first spot ETF that directly holds Bitcoin and is aimed at retail investors on October 20. The product falls under the "other alternative investment funds" category and provides investors with regulated Bitcoin exposure.FINMA exempted the fund from the usual diversification requirements, while requiring enhanced custody, disclosure, and investor suitability assessments, and warning of Bitcoin price volatility and the potential risk of significant losses. The issuer, manager, ticker, and listing date have not yet been announced. (Bitcoin.com News)
The Astana International Financial Centre (AIFC) Court in Kazakhstan has issued an injunction against cryptocurrency platforms offering digital asset services without authorization, prohibiting Coinbase, BingX, Huobi Global (HTX), BitMart, Bitcoin.com, and WEEX from operating within its jurisdiction, and extending the restrictions to block access to their apps on Google and Apple app stores.
The Swiss Financial Market Supervisory Authority (FINMA) stated that it has approved for the first time an exchange-traded fund (ETF) aimed at individual investors that enables direct investment in Bitcoin. Under Swiss law, the product is classified as an "Other Alternative Investment Fund" with specific risks. Other fund management firms have already submitted applications or announced plans to apply for Bitcoin ETFs.
According to Bloomberg analyst James Seyffart (@JSeyff), BlackRock has submitted a new Bitcoin ETF application titled “iShares Bitcoin Managed Protection ETF,” with the ticker symbol PBIT. The product is a “buffered” ETF that provides downside protection, but investors must forego some upside returns. Operating as a 1940 Act fund, it uses IBIT as its underlying asset and utilizes the purchase and sale of related options to achieve predefined payoff outcomes. This marks the third Bitcoin-related ETF filing by BlackRock, whose current product lineup remains limited to Bitcoin and Ethereum, without covering other crypto assets. Seyffart also noted that firms such as Calamos and First Trust have previously launched similar buffered/defined outcome Bitcoin ETFs.
According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) filed documents in court last Friday rebutting the legal challenge brought by the Chicago Mercantile Exchange Group (CME) against its new perpetual futures policy, arguing that CME lacks standing. The CFTC stated that CME raised only claims of heightened competition without demonstrating credible and imminent financial loss, noting that CME’s crypto futures trading volume has risen rather than fallen since the policy adjustment. In context, the CFTC approved Kalshi’s first Bitcoin perpetual contract this May and indicated it would regulate such products on a case-by-case basis under the futures category. CME, however, argues that perpetual contracts lack an expiration date, do not qualify as futures, and should instead be classified as swaps subject to a different regulatory framework. The CFTC also noted that CME previously told investors during an earnings call that there was no market demand for perpetual contracts and that they were not a substitute for CME’s existing futures products, asserting that CME cannot maintain contradictory positions in court and before investors.
Odaily Report: Bitcoin News posted on X that Bitcoin rose about 2.4%, hitting a five-day high near $82,830 and rebounding from a low near $80,600 caused by weekend selling. Market expectations for another Fed rate hike have declined significantly, with traders now pricing in about a 12% probability that the Fed will raise rates at its October 28 meeting. Higher-than-expected U.S. inflation data last week had briefly sparked concerns about further monetary tightening; meanwhile, falling oil prices and U.S. Treasury yields improved investor sentiment.
Odaily reports: On Friday, France's National Assembly passed Amendment I-3898 with 38 votes in favor, 37 against, and 25 abstentions, which proposes taxing certain cryptocurrency-to-stablecoin conversion transactions. If approved, the relevant provisions are expected to take effect starting in 2027. The measure would change the method for calculating cryptocurrency capital gains tax, meaning that when investors convert Bitcoin or other cryptocurrencies into stablecoins, the resulting gains could trigger tax liability even if the assets are not converted into fiat currency.The French National Assembly is scheduled to vote on Tuesday on the first part of the 2027 Finance Bill. A proposal to allow realized cryptocurrency losses to be carried forward for 10 years was rejected by the Assembly on Friday with 18 votes in favor, 75 against, and 3 abstentions.French lawmakers are also reviewing two cryptocurrency tax proposals: I-CF1822 would expand the exit tax to unrealized gains, applicable to taxpayers whose cryptocurrency portfolios exceed €800,000 in total value and who relocate their residence outside France; I-2701 would require the declaration of self-hosted wallet holdings, with a threshold of more than €100,000 in total value for the relevant tax year. Both proposals remained under review as of Monday. (Cointelegraph)
Odaily Report: Earlier this month, the US Department of Justice announced that it had reached a deferred prosecution agreement with Roger Ver, under which his fraud and tax evasion charges will be dropped in exchange for payment of up to $49.9 million in taxes, penalties, and interest. Roger Ver purchased a large amount of Bitcoin in 2011 at a cost of less than $3 million. After obtaining citizenship of Saint Kitts and Nevis in February 2014, he renounced his US citizenship the following month. At the time, he and his companies held at least 131,000 BTC, worth more than $70 million at then-current prices. The US Internal Revenue Service determined that he failed to declare his personally held Bitcoin and understated his company's assets, and the actual amount recovered is 48 times the amount of tax he declared and paid that year. (Reuters)
market analysts are divided on whether Bitcoin can return to $100,000 before the end of 2026.Ryan Rasmussen, Head of Research at crypto asset management firm Bitwise, believes that factors such as institutional demand through ETFs and corporate Bitcoin purchases, concerns over inflation and government debt, and an improving regulatory environment are expected to push Bitcoin to higher levels by year-end, potentially even breaking through $100,000.Adam Morgan McCarthy, Head of Research at London-based crypto trading and market data firm LO:TECH, expects Bitcoin to trade mainly in the $85,000 to $95,000 range through year-end. He noted that inflation pressures and the possibility of further rate hikes by the Federal Reserve will continue to weigh on Bitcoin's performance. U.S. consumer prices rose 0.6% month-over-month in September, with core CPI up 0.3% month-over-month, complicating the outlook for monetary policy.Luca Invernizzi, Senior Derivatives Trader at Nomura's crypto unit Laser Digital, said Bitcoin will remain primarily driven by macroeconomic factors and U.S. long-term Treasury yields in the near term. However, market leverage has been largely flushed out, and if Bitcoin effectively breaks above $90,000, it could trigger a new round of short-covering. James Butterfill, Head of Research at CoinShares, also believes that the contradiction between inflation and a weakening job market will influence the Fed's subsequent policy decisions and Bitcoin's trajectory. (CoinDesk)
Odaily reports: The Russian Central Bank has stated that starting July 1, 2027, Russian residents will be prohibited from using self-custodial wallets for crypto asset transactions, or from transferring funds from regulated brokers to self-custodial wallets. Such transactions may only be carried out through licensed brokers or exchanges.Currently, 13 institutions in Russia are authorized to provide digital currency trading services, including VTB Bank and Sberbank. The Central Bank has also prohibited transfers between licensed exchange accounts held by different individuals—even if both accounts are held by the same person—and has barred withdrawals from exchange accounts to self-custodial wallets.Russian Deputy Finance Minister Ivan Chebeskov estimates that approximately 20 million Russians hold crypto assets worth 3.7 trillion rubles, or nearly $44 billion. Anatoly Popov, Deputy Chairman of Sberbank, expects that only about 20% of Russia's crypto trading volume will migrate to licensed exchanges. (Bitcoin.com News)
Odaily reports: Goldman Sachs CEO David Solomon said during the October 13 earnings call that tokenization is becoming an important trend spanning multiple asset classes and could bring more products, clients, and business. The bank has already tokenized bonds, money market funds, and real estate for some clients.DeFi, prediction markets, and automated trading are also under discussion, but Goldman Sachs has not announced related specific products. Solomon said blockchain-related activity remains relatively small in scale at present.Goldman Sachs uses its proprietary GS DAP platform to provide blockchain-based financial asset infrastructure and participated in the tokenization service launched by the Depository Trust & Clearing Corporation (DTCC) in July, and is evaluating scalable applications. Solomon said tokenization can reduce costs, automate processes, and improve liquidity across asset classes.Solomon said Goldman Sachs supports the passage of the CLARITY Act, despite reservations about some provisions, and is participating in discussions with regulators on market rules. The bank reported third-quarter net revenue of $18.68 billion, with equities business revenue up 72% year-over-year to $6.4 billion. (Bitcoin.com News)
Odaily reports: Deutsche Bank is close to launching an institutional-grade crypto asset custody business and is expected to begin serving institutional clients within a few weeks. It will initially target German enterprises and professional investors, supporting assets such as Bitcoin and Ethereum, with technology jointly developed by Swiss digital asset infrastructure company Taurus. The service is not a retail-facing cryptocurrency trading app, and the relevant plans are still subject to regulatory approval. Deutsche Bank has also discussed tokenized deposits, digital securities, and the possibility of expanding to Asian financial centers in 2027.
Odaily reports: Frgmnt co-founder and CEO Aurélien Roussel stated that stablecoins are shifting from DeFi tools to critical infrastructure for accessing US dollars, and the next phase of adoption will depend on making blockchain technology nearly invisible to end users.He noted that the 2023 bank failures demonstrated that fiat-collateralized stablecoins, despite being on-chain assets, still rely on the off-chain traditional banking system and cannot fully escape bank counterparty risk.Roussel stated that Tether maintains dominance in non-Western global trade through liquidity, exchange support, merchant acceptance, and distribution networks, while local regulatory frameworks such as MiCA are pushing issuers to build locally compliant infrastructure.He believes that Layer 2 networks have reduced stablecoin transaction costs to less than 1 cent, and issuer competition will shift toward distribution, liquidity, and financial services. Stablecoins will also expand from payment tools into programmable, yield-generating capital. CBDCs and private stablecoins are more likely to coexist. (Bitcoin.com News)