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Breaking News
Ripple Takes Another Step Into Regulated US Banking
Ripple has received final approval from the Office of the Comptroller of the Currency (OCC) to establish Ripple National Trust Bank (RNTB), giving the company a federally chartered entity to support its RLUSD stablecoin and related custody services.
Coinbase Lists Ripple's RLUSD Stablecoin Across Retail App, Exchange and Prime Platforms
Coinbase has begun supporting Ripple's dollar-backed stablecoin across its retail application, exchange and institutional platform, giving the token access to one of the largest distribution channels in the US crypto market.
Ripple and Robinhood Team Up to Bring RLUSD to Millions of Users
Ripple and Robinhood have announced an enterprise infrastructure partnership that puts Ripple USD on Robinhood's platform, potentially reaching tens of millions of users through the consumer trading app.
Zcash Hits Record Bridged Supply on Solana
A record 103,000 ZEC now sits on Solana, the highest bridged supply the privacy coin has seen on any single chain, as Zcash approaches its 10th anniversary tomorrow and DeFi activity accelerates.
What the Markets Think
• Will Bitcoin hit $82,500 in October?: 44%. Traders give it coin flip odds with just three days left in the month, even as Ripple lands a national trust bank charter and stablecoin listings multiply.
• Will Ethereum hit $2,400 in October?: 68%. The crowd is more optimistic about ETH's short-term prospects, despite this week's data showing a Foundation-linked wallet cashing out $17.79 million.
• Democrats sweep both chambers in 2026 midterms?: 64.5%. Six days before the vote, the market expects a full flip of Congress, which could reshape crypto policy after two years of Republican control.
The Big Story
The First Licensed Tokenized Nasdaq-100 Fund Is Coming to Stellar
Janus Henderson is introducing the first licensed tokenized fund that tracks the Nasdaq-100 Index, built with Centrifuge technology on the Stellar blockchain. The product, known as JQQQ, will give eligible investors exposure to the Nasdaq-100 through a digital instrument that settles on-chain. Centrifuge CEO Bhaji Illuminati says the fund is more than a wrapped ETF, describing it as a product that operates as a regulated investment vehicle with full transparency. The launch adds Wall Street infrastructure to Stellar at a time when stablecoin supply on the network has dipped 3.3% over the past week, per DefiLlama data.
Top Stories
Chainlink Just Gave Big Institutions a Safe Way Into DEFI Lending
Chainlink has launched CustodySync, a solution that allows eligible custodians to let institutional clients take part in DeFi lending while their assets stay in custody. Anchorage Digital is the first custodian to integrate the system, which uses Chainlink's Cross-Chain Interoperability Protocol (CCIP) to relay proof of holdings without moving tokens on-chain. The service is aimed at traditional finance firms that want DeFi yield but face regulatory or internal rules requiring qualified custody.
Injective Is Turning AI Compute Into the Next Onchain Asset Class
Injective has launched the Super Intelligence Compute Index (SICI), an onchain benchmark that lets traders take exposure to Nvidia GPU rental prices through perpetual futures with up to 10x leverage. The index tracks the cost of renting H100 and H200 GPUs on major cloud platforms, and it joins Injective's existing markets for stocks, commodities and other real-world assets. The protocol is also rolling out fully collateralized options across six categories, including AI compute, in a testnet release that extends its derivatives stack beyond simple perpetuals.
Itaú Unibanco, Brazil's largest private bank, has formalized its cryptocurrency trading and custody activities with the country's central bank, becoming the first Brazilian bank to complete the notification process under Resolution 520. The move means the bank can now offer crypto brokerage and custody as part of its regulated services, and it signals growing institutional adoption in Latin America's biggest economy as other banks weigh similar steps.
Deep Dive of the Week
How Are Midnight and Cardano Connected?
Midnight is a separate blockchain that connects to Cardano as its first "partner chain." It was built by Input Output (IOG), the same engineering company behind Cardano, but runs its own blocks, validators and rules. This deep dive explains the technical architecture, how the two chains interact, and what Midnight's privacy-focused design means for developers who want to build applications that need confidential data handling alongside Cardano's public ledger.
By the Numbers
• 68.5% of XRP supply: Now held by wallets with at least 10 million tokens, according to Santiment, equating to the highest concentration level recorded and raising questions about distribution dynamics ahead of the token's next move.
• 103,000 ZEC: Bridged to Solana, marking a record for Zcash's cross-chain activity as the privacy coin approaches its 10th anniversary and sees renewed interest from DeFi users.
• 6.05 million ETH: Held by Bitmine after adding 10,452 ETH last week, bringing the company's stake to 4.95% of Ethereum's circulating supply and inching closer to its stated 5% target.
• 57% of ADA: Now staked on Cardano's network, worth roughly $4.3 billion at current prices, as the proof-of-stake chain sees more than half its circulating supply delegated to stake pools.
• Zero OSMO inflation: As of today's epoch, after Osmosis governance passed Proposal 1053 to switch off new token issuance and move the DEX to a deflationary or fixed-supply model.
• Four data leaks: Flagged by CZ in a single day, involving Coinbase, Bithumb, and other platforms, prompting the Binance co-founder to issue a security warning urging users to enable two-factor authentication and review account activity.
On Our Radar
• Akash mulls Solana switch: The decentralized compute marketplace's core team has proposed leaving its Cosmos-based blockchain and rebuilding on Solana, citing better liquidity, tooling and developer activity, with a governance vote expected in the coming weeks.
• Canada proposes yield ban: Draft stablecoin rules inspired by the US GENIUS Act would prohibit non-bank issuers from paying yield on held balances, with public comment open until Dec. 23 as Canada seeks to align with international frameworks.
• Core DAO founders step down: Initial contributors Rich Rines and Brendon Sedo have handed control of the Bitcoin-backed blockchain to its community, signaling a transition to full decentralized governance as the network's TVL sits well below peaks.
• PancakeSwap opBNB deadline: CAKE holders on opBNB have until Nov. 23 to move their tokens before the LayerZero-powered bridge route out of the network shuts down, with the DEX urging users to act ahead of the hard cutoff.
Until Friday.