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@Palantir’s Louis Mosley warns Europe is repeating past mistakes with AI, risking innovation as U.S. tech growth outpaces. Corporates remain cautious about adopting new technologies. #Update #Crypto $BTC
Tom Lee highlights a $2 trillion wealth transfer boosting crypto demand as @Bitmine acquires 12,532 ETH, nearing its 5% supply goal with current holdings at 6,028,946 ETH. #Update #Crypto $ETH
@StandardChartered now provides institutional custody for Ripple’s $RLUSD in Dubai, enabling clients to use it as collateral on @LMAXGroup’s platform pending regulatory approvals. #Update #Crypto $XRP
Tether’s freeze of $10M linked to crime highlights stablecoin issuer control, with $81M traceable onchain as of Oct. 11; Ledger faces backlash over CryptoBilis incident. #Update #Crypto $USDT
@JeonbukBank has begun offering bitcoin-backed loans to corporate clients, allowing firms to borrow in Korean won against $BTC collateral, with a court-ordered sale process for defaults. #Update #Crypto $BTC
Bitcoin holds above $83,000 as markets remain cautious; IREN shares rise 4% after securing a cloud services deal with Anthropic. Key U.S. inflation report due Wednesday. #Update #Crypto $BTC
The Financial Stability Board (FSB) warns of risks in multi-issuer stablecoin structures, highlighting potential crises due to reserve mismanagement and unclear legal claims during insolvency. #Update #Crypto $USDT
Small tokens outperformed major cryptocurrencies, with the CoinDesk 80 up 3% while Bitcoin $BTC trades below $83,500. Institutional outflows from U.S.-listed spot Bitcoin ETFs hit $681 million last week. #Update #Crypto $BTC
@SWIGroup raised €800M ($894M) to expand AI projects, valuing the firm at €6.1B, following its acquisition of Genesis Digital. Bitcoin miners pivoting to AI amid $70B in contracts. #Update #Crypto $BTC
U.S. inflation data is due this week, with expectations for unchanged interest rates; Ethereum developers discuss upgrades, while Singapore’s stablecoin consultation concludes. #Update #Crypto $ETH
A bug in the XRP Ledger, existing since 2015, could have allowed unlimited $XRP creation but was fixed without any damage. Total supply remains at 99.986 billion $XRP. #Update #Crypto $XRP
@Ledger confirmed an unauthorized hardware implant was found in a device linked to user fund losses, primarily from sales through Southeast Asian reseller CryptoBilis. Investigation ongoing. #Update #Crypto
Bitcoin trades above $84,000 despite $681M in ETF outflows, the highest since June, as analysts cite $82,000 support and await U.S. inflation data on October 14. #Update #Crypto $BTC
The CFTC’s proposed rule clarifies that casino-style gambling is not a swap, while event contracts for sports and politics are included, as the NFL seeks clarity on state vs. federal regulation. #Update #Legal $CFTC
