Finance and Business News page 18

Triple-leveraged futures-based funds tracking bitcoin and ether have cleared a key regulatory hurdle, according to two separate reports. The Securities and Exchange Commission has approved exchange-traded products that provide triple-leveraged exposure to bitcoin and ether, according to reports from The Tokenist and CryptoSlate.

A cryptic social media message from Michael Saylor has traders guessing whether Strategy is about to add more bitcoin to its balance sheet. Michael Saylor has once again stirred the crypto market with a short, suggestive social media post.

India's central bank draws a line between speculative digital assets and blockchain-based tokenization of real-world assets. The Reserve Bank of India has again signaled wariness toward cryptocurrencies, according to reports from U.Today and crypto.news.

Bankers keep pursuing crypto deals despite a stalled market-structure bill on Capitol Hill. The CLARITY Act, widely seen as a central piece of US crypto market-structure legislation, has stalled in Congress. The bill was meant to clarify how digital assets are classified and regulated across federal agencies.

Tokyo freezes assets tied to an exchange linked to roughly $96 billion in crypto transactions amid its Ukraine war sanctions regime. Japan's government has placed Garantex, a cryptocurrency exchange with ties to Russia, on its official sanctions list.

The payment marks an early practical use of Russia's central bank digital currency beyond pilot testing. Russia’s Finance Ministry has used the digital ruble to pay employee wages for the first time, according to reports from Cointelegraph and crypto.news.

Authorities also moved to freeze 86 bank accounts as part of a widening probe into alleged corruption in flood infrastructure projects. A Philippine court has frozen 25 crypto wallets connected to an ongoing investigation into alleged corruption in flood control projects, according to reporting from crypto.news and CryptoBriefing.

Rich Dad Poor Dad author reportedly links bitcoin holdings to a broader plan for economic instability, not a standalone trade. Robert Kiyosaki, the author of Rich Dad Poor Dad, has again discussed bitcoin in terms of preparation rather than speculation.

Hiring demand across the crypto sector surged last month even as fewer candidates applied for open roles. Crypto industry job postings jumped sharply in September, rising from a fraction of that level to more than 1,200 listings, according to data reported by CoinDesk and Crypto Briefing.

Three stories we ran today picked up new sourcing at different rates, and the rate itself is the story. Three stories we ran today picked up new sourcing at different rates, and the rate itself is the story.

The fund's latest inflows underscore continued institutional demand for spot Bitcoin exposure through regulated vehicles. BlackRock's spot Bitcoin exchange-traded fund, IBIT, added $195.6 million worth of Bitcoin in a single trading day, CryptoBriefing reported. The report also noted that the fund's Bitcoin holdings have grown by $1.57 billion over the past month.

The USDC issuer argues a fixed reserve mandate under MiCA creates concentration risk and wants regulators to judge issuers on liquidity instead. Circle, the issuer of the USDC stablecoin, is asking European Union regulators to rethink how stablecoin reserves must be held.

The asset manager and the tokenization firm point to a market opportunity worth $9.8 trillion as traditional funds move on-chain. BlackRock, the world's largest asset manager, has partnered with Ondo Finance to launch tokenized investment portfolios.

Outflows raise questions about whether the recent ZEC price rally has run its course. Grayscale’s Zcash ETF recorded $93.56 million in outflows over a one-week period, based on figures reported by CryptoBriefing and BeInCrypto. The withdrawal represents one of the more significant single-week declines the fund has posted since its launch.

Authorities say the alleged scam drew in victims across Greece before investigators moved to make arrests. Greek authorities arrested 17 individuals this week in a crackdown on an alleged cryptocurrency fraud scheme. Police said the operation involved losses exceeding $8 million.

The lawsuit accuses the bank regulator of exceeding its legal authority by approving charters for digital asset companies. A trade group representing community banks has sued the Office of the Comptroller of the Currency over its decision to grant national trust charters to crypto firms.

A new regional initiative aims to broaden use of the XRP Ledger across Asian financial markets, starting with a banking demonstration in Seoul. XRP Asia has formally launched, positioning itself as a regional effort to accelerate use of the XRP Ledger among financial institutions and businesses across Asia.

The asset manager points to a rotation into select corners of the market following the bill's failure to advance in Congress. Crypto asset manager Bitwise has identified four sectors of the digital asset market that gained ground after the CLARITY Act failed to advance in the US Congress.