Global watchdog warns the $300 billion stablecoin market could face bank runs even with full reserves

The Financial Stability Board (FSB) warned that stablecoins could face redemption crises if, during market stress, reserves become inaccessible across borders. In an Oct. 12 report, the global financial watchdog said stablecoin issuers operating through affiliated entities in different countries could struggle to meet concentrated withdrawal demands when their reserve assets are held elsewhere. The…

FTX’s former Bitcoin mining bet gets new life as parent raises €800 million for AI

SWI Group has raised €800 million to expand AI infrastructure, advancing its plan to repurpose FTX-backed Bitcoin miner Genesis Digital Assets. On Oct. 12, the Amsterdam-listed company announced a capital increase backed by institutional investors, valuing the group at €6.1 billion and bringing total equity raised since March above €1 billion. The financing will support…

Meta AI Predicts 7-Figure BTC in 2026, But How?

Mark Zuckerberg’s Meta AI predicts that if a full-blown crypto bull market returns in Q4 and a landmark catalyst turbocharges it, Bitcoin could reach $500,000–$1,000,000, with a stretch target of $1.5M, by January 1, 2027. This scenario envisions a strong late-2026 bull market driven by a major sovereign nation, or a coordinated group of nations,…

Standard Chartered brings Ripple’s RLUSD into banking custody after $765 million quarterly surge

Standard Chartered has launched custody for Ripple’s RLUSD stablecoin as it prepares to expand its use as collateral for institutional trading. On Oct. 12, the bank announced that eligible institutional clients can now hold RLUSD issued on the XRP Ledger (XRPL) through its Dubai International Financial Center branch, regulated by the Dubai Financial Services Authority.…