Finance and Business News page 7

The fintech firm can now offer crypto trading in Gibraltar again after obtaining regulatory approval. Revolut has won approval from Gibraltar regulators to offer cryptocurrency services, according to Finance Magnates Crypto and The Block. The license allows the fintech company to reopen sign-ups for crypto trading to residents of the British overseas territory.

The reversal in fund flows coincides with continued withdrawals from Bitcoin and Ethereum products and softer on-chain payment activity. XRP exchange-traded funds have recorded their first negative flow week after a run of 13 consecutive weeks of inflows.

An AI-based market analysis points to mounting resistance for XRP while technical traders highlight a possible trendline breakout near current levels. XRP traders are weighing two different signals this week. One comes from an AI-driven market analysis that suggests reaching $2 may now be more difficult than previously assumed.

Corporate pushback grows against a proposed SEC framework for trading tokenized versions of public company shares A proposed framework for trading tokenized versions of U.S. public company stock is running into resistance from the companies whose shares would be involved.

A working paper from the Bank for International Settlements shows stablecoin expansion slows sharply when deposit rates rise, with USDC the most affected token. Economists at the Bank for International Settlements have published research showing stablecoin growth responds sharply to tiny changes in bank deposit rates.

Traders are revisiting the 1987 crash as a historical reference point while weighing current market risks, according to Bitcoin.com News. Wall Street is marking the 39th anniversary of Black Monday, the October 19, 1987 crash that wiped out more than 22% of the Dow Jones Industrial Average in a single session.

The bank's tokenized deposit system will now settle on a public blockchain alongside its existing private network. JPMorgan has moved to expand its JPM Coin deposit token onto Ethereum, according to reports published by The Cryptonomist and The Block. The expansion targets institutional clients seeking faster payment and settlement options.

Ripple's chief technology officer says tokenization and artificial intelligence could reshape decentralized finance, with retail opportunities emerging on the XRP Ledger. Ripple's chief technology officer, David Schwartz, has outlined a bullish view on the future of decentralized finance. He expects the sector to undergo a major transformation by 2027.

Industry outlets point to a cluster of catalysts that could shake Bitcoin and the broader crypto market in the coming days. Bitcoin and the broader crypto market could see renewed price swings this week, according to industry reporting pointing to five distinct events worth watching.

Officials plan to meet digital asset platforms after industry groups pushed back against the looming crypto income tax. South Korean authorities plan to convene a meeting with domestic cryptocurrency exchanges, according to reports from Cointelegraph and CryptoBriefing.

Kalshi, Polymarket and Robinhood have not joined the legal challenge for now. Crypto.com and Novig have sued Missouri, seeking to block state laws that restrict sports event contracts. The filing targets rules the companies argue interfere with products they offer on federally regulated exchanges.

Michael Saylor signals additional Bitcoin acquisitions could follow the company's newest buy Strategy, the business intelligence firm that has reshaped itself around a Bitcoin accumulation strategy, has added to its reserves once again. The company now holds 848,250 BTC after a $21.5 million purchase, according to reports from CoinTurk News, U.Today, and crypto.news.

The blockchain project paused operations following a drain that stripped funds from more than a thousand wallets. Qubic, a blockchain network known for its proof-of-useful-work design, has suspended mainnet activity after a wallet drain cost users an estimated $1.3 million.

Both US spot crypto ETF categories bled cash last week, but Ethereum funds reportedly saw steeper losses than Bitcoin funds. US-listed spot Bitcoin and Ethereum exchange-traded funds both registered net outflows last week.

Visa, Mastercard and Stripe are building new rails linking stablecoins to traditional bank accounts, even as token issuance plateaus. Stablecoin supply growth has stalled, according to data reported by CoinDesk and CryptoBriefing. Yet payment volume using stablecoins rose sharply over the same period, climbing 45% to roughly $482 billion.

Law enforcement arrested 28 people as the exchanges helped trace illicit crypto flows tied to online fraud schemes. Binance and Coinbase joined a law enforcement operation in West Africa that flagged approximately $11 million tied to suspected online scams.

Bank for International Settlements economists say higher savings rates can pull users away from tokens like USDC. Economists at the Bank for International Settlements have published analysis linking commercial bank deposit rates to the pace of stablecoin adoption.

The companies have pushed back against tokenized versions of their shares trading on the OKXICE platform Nine publicly traded companies in the United States have raised objections over tokenized versions of their stock trading on OKXICE. Broadcom and UnitedHealth are among the firms named in reports describing the pushback.