Top story
Trump Waives Graham Act Duty Hikes on Goods From Russia and Top Importers
The order waives a 500% duty-rate increase on goods from Russia and a 100% increase on goods from major importers of Russian oil and gas.
Top stories
Business
Mesh and Visa Plan Crypto Wallet Spending at Visa Merchants
The planned service would let users pay from existing crypto, stablecoin and fiat balances. Mesh would handle funding and conversion during each purchase.
Business
Bitcoin-Backed Borrowing on Base Reaches $1.6 Billion
Coinbase customers account for most of the activity. Its variable-rate service uses tokenized Bitcoin as collateral for loans through Morpho.
Investing
Coinbase-Linked Transfers Reach $280.4 Million as 982 Bitcoin Leads
The three-hour window ended Oct. 19 at 11:07 a.m. ET; withdrawals exceeded deposits by $8 million.
Business
Payoneer Finds 69% of Surveyed U.S. Finance Leaders Use Stablecoins
All 265 respondents worked at businesses with at least $100 million in annual revenue and had some stablecoin experience or interest.
Investing
State Street SPDR S&P Bank ETF Ends Five-Week Slide With 0.78% Gain
KBE closed at $63.62 on Oct. 16, up $0.49 from the previous week after falling 8.96% over five weeks.
Technology
Cosmos Suite Links Jack Henry Systems to 24/7 Cross-Border Payments
The payments use tokenized deposits, which remain liabilities of the issuing banks.
Business
Strive Buys 4,045 Bitcoin, Holds 36,818 BTC as of Oct. 16
The purchase was Strive’s fourth consecutive weekly increase in buying volume, bringing its four-week total to 10,463 BTC.
Technology
zerohash Launches AUTH for Transfers Between Linked Crypto Accounts
The product lists 639 wallet connections and four exchange or brokerage connections, though availability varies by app.
Markets
InvestingCoinbase-Linked Transfers Reach $280.4 Million as 982 Bitcoin Leads
The three-hour window ended Oct. 19 at 11:07 a.m. ET; withdrawals exceeded deposits by $8 million.
Regulation
RegulationHouse Crypto Tax Bill Would Set Lower Penalties for Early Filers
The proposal would give Treasury 12 months to establish a program and eligible taxpayers 24 months to amend covered returns.
RegulationFrance's Assembly Backs Tax on Some Crypto-to-Stablecoin Swaps
RegulationRamp Applies for OCC Trust Bank Charter to Offer Digital-Asset Custody
FCC Approves Globalstar’s C-3 Satellite System for U.S. Operations
White House Adviser Kevin Hassett Says September Inflation Needs Attention
Bitcoin
BusinessBitcoin-Backed Borrowing on Base Reaches $1.6 Billion
Coinbase customers account for most of the activity. Its variable-rate service uses tokenized Bitcoin as collateral for loans through Morpho.
Ethereum
InvestingEther (ETH) Crosses $2,400, Reaches $2,417 on Binance Spot
Ether was $2,392 15 minutes earlier. Its one-hour gain stood at 0.21% at the later reading.
DeFi
TechnologyEcho Protocol to Wind Down After Nearly Two Years on Aptos
New lending activity has stopped, while existing users can still repay loans, withdraw assets and request unstaking.
Stablecoins
BusinessMesh and Visa Plan Crypto Wallet Spending at Visa Merchants
The planned service would let users pay from existing crypto, stablecoin and fiat balances. Mesh would handle funding and conversion during each purchase.
Video
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AI & Tech
TechnologyCosmos Suite Links Jack Henry Systems to 24/7 Cross-Border Payments
The payments use tokenized deposits, which remain liabilities of the issuing banks.
RWA
BusinessBitcoin-Backed Borrowing on Base Reaches $1.6 Billion
Coinbase customers account for most of the activity. Its variable-rate service uses tokenized Bitcoin as collateral for loans through Morpho.
