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The Stellar (XLM) Development Foundation has announced its participation as a founding member of the newly formed Blockchain Payments Consortium (BPC), according to Stellar. This initiative brings together several prominent blockchain networks and entities responsible for $10 trillion in annual stablecoin volume, with a shared goal of standardizing digital asset transactions.Unifying Blockchain Payment StandardsThe BPC aims to tackle the fragmented and inconsistent experiences faced by users when transitioning between traditional payment methods and blockchain-based solutions. By establishing a common framework, the consortium seeks to enhance the interoperability of blockchain transactions, aligning them with the data requirements of conventional financial systems.This…

SUI, the native token of the Layer-1 blockchain Sui, dropped 2.5% to $1.98 on Thursday, slipping below the $2.00 level that had acted as a key psychological and technical support.The move came amid heightened volatility and a notable spike in trading volume, pointing to growing institutional activity near critical price levels.The token’s price fell from an intraday high of $2.03, forming a series of lower highs across a $0.15 range. Trading volume surged to 31.18 million tokens — about 180% higher than the daily average — during a failed bounce attempt at the $1.96 mark. That bounce coincided with strong…

The US Federal Reserve’s decision to ease monetary policy is inflating an economic bubble that could drive up the prices of hard assets, but also marks the final phase of a 75-year economic cycle, according to former hedge fund manager Ray Dalio.Typically, the Federal Reserve eases interest rates when economic activity is stagnating or declining, asset prices are falling, unemployment is high and credit dries up, as seen during the Great Depression of the 1930s or the 2008 financial crisis, Dalio wrote in an article posted to X on Wednesday.However, the Fed is now easing monetary policy at a time…

The BNB Chain ecosystem continues to expand and evolve, showcasing significant developments from October 16 to 22, 2025. According to the BNB Chain blog, the blockchain platform has witnessed remarkable activity in terms of user engagement and new project launches. Key Metrics During the reported week, the BNB Smart Chain (BSC) recorded an average of 2,508,097 daily active users, while the opBNB network saw 1,884,460 daily users. The total transaction count reached 143.48 million on BSC and 22.33 million on opBNB. The trading volume for the week stood at $87.5 billion, with a total value locked (TVL) of $13.42 billion…

Welcome to the institutional newsletter, Crypto Long & Short. This week:Sygnum Bank’s Pascal Eberle writes that investors are recognizing that custody is less about holding assets and more about proving you’re holding them correctly.CoinDesk Indices’ Andy Baehr provides a “Vibe Check,” writing about how on the heels of NYC election day, among other political activity, the crypto market is awaiting a new leader to spark its next rally.In “Chart of the Week,” we examine the ETH price relative to average DeFi pool yields and BTC/ETH funding rates.-Alexandra LevisExpert InsightsRedefining the Custody Standard for Banking- By Pascal Eberle, chief of staff,…

Key takeaways:Bitcoin (BTC) tumbled more than 8% this week, slipping below the $100,000 mark for the first time since June as long-term holders offloaded roughly $45 billion worth of BTC. BTC/USD vs. Nasdaq, Dow Jones, and S&P 500 indexes year-to-date chart. Source: TradingViewThe sell-off intensified amid sharp declines in AI-related stocks, which fueled a broader risk-off shift across markets. Data resource The Kobeissei Letter said that BTC has “officially entered a bear market territory” after correcting by around 20% from its record high on Oct. 6. Nevertheless, some indicators suggest BTC can still avoid a full-blown bear market, but several things…

When Iowa Attorney General Brenna Bird filed lawsuits against CoinFlip and Bitcoin Depot earlier this year, a few astroturfed voices cried that this consumer protection push was “anti-crypto.” They’re wrong. Crypto ATMs – physical kiosks that let users buy crypto – have become a vehicle for fraud, and they need reform.Law enforcement, regulators, and consumer advocates have all raised concerns about these machines for years. DC AG Brian Schwalb sued Athena Bitcoin in September. Pennsylvania AG Dave Sunday has warned that BATMs are a “magnet for scammers.” Arizona AG Kris Mayes even posted “STOP” signs at some crypto ATM locations. Congressional scrutiny…

The bankruptcy estate of the now-defunct crypto exchange FTX has dropped its bid to limit payouts to creditors in certain “restricted foreign jurisdictions.”On Monday, the FTX Recovery Trust filed a notice withdrawing its request to implement special procedures for jurisdictions such as China, which had been flagged as potentially restricted under the confirmed bankruptcy plan.“If and when the FTX Recovery Trust seeks to renew the relief requested in the Motion, the FTX Recovery Trust shall file a motion and provide notice in accordance with the applicable rules,” the notice states, adding that the motion has been withdrawn without prejudice.The trust…

In a significant move to broaden institutional access to tokenized assets, BounceBit has announced a collaboration with financial giants OKX and Standard Chartered. This partnership aims to enhance the custody and execution of tokenized U.S. Treasuries through innovative CeDeFi strategies, according to BounceBit. Integration of Tokenization Strategies The collaboration leverages Prime’s tokenized Treasury CeDeFi strategies by pairing custody at a Global Systemically Important Bank (G-SIB) with off-exchange settlement and execution on OKX. This integration is designed to fit seamlessly into existing institutional workflows, allowing for scalability and practical tokenization. Operational Mechanics Prime sources regulated tokenized cash equivalents from Franklin Templeton’s…

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market remains under pressure and falling in October. Bitcoin BTC$108,145.21 has dropped 3% to $107,500 in the past 24 hours, while ETH, XRP, BNB and SOL have seen even bigger losses. The CoinDesk 20 Index fell more than 4%. Among the top 100 coins, only ICP, ASTER and HASH remain in the green, with ASTER boosted by Binance co-founder ChangPeng “CZ” Zhao’s disclosure of his exposure to the token.It’s worth flagging that BTC has recently decoupled from the tech-heavy Nasdaq index, with upside likely capped by consistent profit-taking by long-term…