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🌐 Stablecoin transfers cost 84% less than banks

International payments using stablecoins reduce costs by 84% compared with traditional bank transfers, according to a Cointelegraph report citing data from Borderless.xyz. These savings and faster settlement times could drive the use of stablecoins for remittances and cross-border payments.

#CryptoNews
Source: Cointelegraph · https://cointelegraph.com/news/stablecoin-remittances-cost-savings-traditional-transfers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

🩸 High inflation pushes Bitcoin lower

U.S. inflation data showed a larger-than-expected increase in September, and producer prices rose at their fastest pace in more than four years. This environment is putting downward pressure on Bitcoin, which fell to $81,473, down 2% in seven days, according to CoinShares, which recommends maintaining a long-term investment.

$BTC #CryptoNews
Source: Bitcoin Magazine · https://bitcoinmagazine.com/news/bitcoin-under-pressure-says-coinshares

🤝 Circle plans to bring USDC to 40 emerging markets

Circle announced that its USDC stablecoin will expand to around 40 developing countries, driven by growing demand in Asia, Latin America, Africa, and the Middle East. USDC circulation has already reached $73.3 billion, and it has received a $100 million investment from Binance, which could boost its global use.

#CryptoNews
Source: Decrypt · https://decrypt.co/381178/circle-40-emerging-markets-stablecoins-go-mainstream

🏢 Strive buys more bitcoin and its price target rises 27%

Strive, an investment firm, is buying bitcoin and has announced a new round of financing to continue acquiring the cryptocurrency. TD Cowen raised its price target for the stock by 27% due to lower selling pressure, which could boost the bitcoin market.

$BTC #CryptoNews
Source: The Block · https://www.theblock.co/news/markets/2026-10-16-strives-bitcoin-buying-spree-earns-27-price-target-hike-td-cowen-418839

🔔 Three Japanese banks test a yen stablecoin

Mizuho, MUFG, and SMBC launched a yen stablecoin pilot that allows the digital currency to be issued, transferred, and redeemed. The experiment, which covered transactions by Mitsubishi Corporation, aims to use the stablecoin in commercial transactions in 2026.

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Source: The Defiant · https://thedefiant.io/converge/tradfi-and-fintech/mizuho-mufg-and-smbc-complete-joint-yen-stablecoin-pilot

📌 Deutsche Bank plans to expand crypto custody to Asia

Deutsche Bank plans to expand its digital asset custody services to financial centers in Asia. The move comes in response to the growth of the digital asset economy.

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Source: Cointelegraph · https://cointelegraph.com/news/deutsche-bank-crypto-custody-expansion-asia-2027?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

🏛️ SEC approves binary bets on crypto companies

The SEC approved the sale of binary options that let people bet on whether Coinbase’s trading volume, Robinhood’s customer count, or Marathon’s bitcoin production will reach certain levels. The decision, signed by Chair Paul Atkins, opens up a new way to bet on the performance of crypto companies without buying their shares.

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Source: CoinDesk · https://www.coindesk.com/daybook-us/2026/10/16/traders-will-soon-be-able-to-bet-on-whether-coinbase-robinhood-and-marathon-will-hit-their-targets

📰 MSCI removes Strategy and Metaplanet from stock indexes

MSCI finalized rules that will remove Strategy and Metaplanet from its global indexes at the close of trading on November 30, potentially triggering outflows of up to $2.8 bn from their shares. The decision is based on these companies focusing primarily on holding investments rather than operating a real business.

$BTC #CryptoNews
Source: CoinDesk · https://www.coindesk.com/markets/2026/10/16/msci-approves-rules-that-could-eject-strategy-metaplanet-from-equity-indexes

⚖️ Judge denies Gemini and CFTC bid to reverse $5M fine

A federal judge denied the joint request by Gemini Trust and the CFTC to overturn the $5 million fine imposed by the Biden administration. The ruling upholds the fine and the restrictions in the permanent order, showing that court settlements are final despite regulatory changes.

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Source: Bloomberg · https://www.bloomberg.com/news/articles/2026-10-15/judge-rejects-gemini-cftc-bid-to-undo-5-million-settlement

⚡ US buys more bitcoin as it exports stablecoins

Since 2026, the US has been bringing in more bitcoin than it sends out, while selling dollar-backed stablecoins. The boom in bitcoin ETFs and the passage of the GENIUS Act are driving this trend.

$BTC #CryptoNews
Source: Bitcoin Magazine · https://bitcoinmagazine.com/news/us-keeps-buying-bitcoin-chainalysis