Four-hour briefing
Institutional crypto infrastructure, regulatory reporting updates, and commercial payment expansions lead this briefing cycle.
Pulse: Institutional crypto infrastructure, regulatory reporting updates, and commercial payment expansions lead this briefing cycle.
The EBA has published a Final Report on draft amendments to technical standards regarding prudential requirements for central securities depositories. It also released the final technical package for release 4.4 of its reporting and Pillar 3 disclosure framework.
Why it matters: European market infrastructure operators and banks must align their regulatory reporting workflows and capital disclosures with the finalized release 4.4 specifications.
Standard Chartered has launched institutional custody for Ripple USD (RLUSD) on the XRP Ledger via its DIFC branch. The bank is also working with Ripple and LMAX Group to enable RLUSD use as trading collateral.
Why it matters: The arrangement is expected to give institutions greater flexibility in how they hold and deploy digital assets for trading, while reducing transfer-related operational risks, optimising counterparty exposure and improving capital efficiency.
Mastercard and WEX have launched an Asia-Pacific fleet management partnership. The collaboration is designed to integrate universal fuel, vehicle fleet maintenance, tolling, and parking into a single payment experience.
Why it matters: The collaboration is "designed to combine universal fuel, vehicle fleet maintenance, tolling, parking and more into one payment experience."
Ledger stated that all confirmed cases of its recent wallet draining incident trace back to devices sold by Southeast Asia reseller CryptoBilis. While Ledger provided no loss total, onchain trackers estimate between $93.2 million and $103.4 million was drained.
Why it matters: Digital asset custody teams must enforce rigorous supply chain verification to prevent compromised physical hardware from exposing institutional keys to external theft.
PayJoy, a financial service provider for underserved consumers in emerging markets, has acquired Mexican FinTech Finia. The deal is designed to let PayJoy apply Finia’s technology and expertise to its…
Source excerpt · PYMNTS
PayJoy, a financial service provider for underserved consumers in emerging markets, has acquired Mexican FinTech Finia. The deal is designed to let PayJoy apply Finia’s technology and expertise to its platform, enhancing its underwriting capabilities and expanding its services for customers with limited access to formal credit, the company announced in a news release Monday (Oct. 12). “Finia […] T…
Bitcoin Magazine Bitcoin Extends Slide — Can ‘Uptober’ 2026 Beat Last Year’s? Bitcoin is off to a rough start so far this month. But things could still turn around. This post Bitcoin Extends Slide — C…
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Bitcoin Extends Slide — Can ‘Uptober’ 2026 Beat Last Year’s? Bitcoin is off to a rough start so far this month. But things could still turn around. This post Bitcoin Extends Slide — Can ‘Uptober’ 2026 Beat Last Year’s? first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
Robinhood, SoFi and Public are using the scrutiny surrounding Webull to compete for its customer assets. All three launched Webull-specific transfer incentives after a bipartisan House committee label…
Source excerpt · Finance Magnates
Robinhood, SoFi and Public are using the scrutiny surrounding Webull to compete for its customer assets. All three launched Webull-specific transfer incentives after a bipartisan House committee labelled the brokerage’s China ties a national security risk. The platforms are offering a 3% match on eligible transfers from Webull through the Automated Customer Account Transfer Service (ACATS). The sy…
Forty-two percent of corporate finance departments deploy a stack of three or more artificial intelligence (AI) tools to secure their outgoing payments, according to the PYMNTS Intelligence and Bottom…
Source excerpt · PYMNTS
Forty-two percent of corporate finance departments deploy a stack of three or more artificial intelligence (AI) tools to secure their outgoing payments, according to the PYMNTS Intelligence and Bottomline collaboration “Prevention First: Building a Smarter Defense Against Payments Fraud.” This adoption reflects a broader evolution in how businesses safeguard capital against sophisticated financial…
IonQ (NYSE: IONQ) has agreed to acquire cybersecurity company Elisity in an all-stock transaction valued at up to $1.3 billion, its second billion-dollar-plus acquisition announced this year after the…
Source excerpt · FinanceFeeds
IonQ (NYSE: IONQ) has agreed to acquire cybersecurity company Elisity in an all-stock transaction valued at up to $1.3 billion, its second billion-dollar-plus acquisition announced this year after the $1.8 billion SkyWater Technology deal. IonQ stock fell 9.34% to $36.19 as of 2:54 p.m. EDT on Monday, October 12, extending a much smaller premarket decline. Shares closed Friday at $39.89. The annou…
KEY TAKEAWAYS Cardano staking uses a non-custodial delegation model where holders retain full ownership of ADA tokens while earning rewards distributed every five-day epoch cycle. About 21.3 billion A…
Source excerpt · FinanceFeeds
KEY TAKEAWAYS Cardano staking uses a non-custodial delegation model where holders retain full ownership of ADA tokens while earning rewards distributed every five-day epoch cycle. About 21.3 billion ADA is staked across roughly 2,700 pools, representing approximately 58% of the circulating supply in epoch 661, October 2026. Delegators can expect annual returns of roughly 2% to 3% after pool fees,…
Luxury retail company LVMH saw quarterly sales slump following a trademark dispute in China. Organic revenue for the company’s fashion and leather goods unit fell 5% year over year in the third quarte…
Source excerpt · PYMNTS
Luxury retail company LVMH saw quarterly sales slump following a trademark dispute in China. Organic revenue for the company’s fashion and leather goods unit fell 5% year over year in the third quarter, LVMH Moët Hennessy Louis Vuitton announced in a Monday (Oct. 12) press release, with the company’s total revenue for the quarter up […] The post Louis Vuitton Trademark Dispute Leads to Sales Slump…
OpenAI is reportedly considering a plan to resurrect its video model Sora. The company is in discussions with a startup that is developing artificial intelligence (AI) video for filmmakers, and that w…
Source excerpt · PYMNTS
OpenAI is reportedly considering a plan to resurrect its video model Sora. The company is in discussions with a startup that is developing artificial intelligence (AI) video for filmmakers, and that wants to access Sora and use it to sell software and other services, The Information reported Monday (Oct. 12), citing a source familiar with […] The post OpenAI’s Video Model Sora Could Get a Second A…
FinTech company Upgrade aims to establish a Nevada-chartered industrial loan bank, saying in a Monday (Oct. 12) press release that this would complement the company’s existing relationships with bank…
Source excerpt · PYMNTS
FinTech company Upgrade aims to establish a Nevada-chartered industrial loan bank, saying in a Monday (Oct. 12) press release that this would complement the company’s existing relationships with bank partners and loan buyers. Upgrade announced in the release that it submitted applications to the Nevada Financial Institutions Division and the Federal Deposit Insurance Corporation (FDIC) […] The pos…
Bank of America Securities has reversed its bearish stance on Salesforce (NYSE: CRM), upgrading the stock two notches from Underperform to Buy and raising its price target to $285 from $160 after conc…
Source excerpt · FinanceFeeds
Bank of America Securities has reversed its bearish stance on Salesforce (NYSE: CRM), upgrading the stock two notches from Underperform to Buy and raising its price target to $285 from $160 after concluding that artificial intelligence is more likely to strengthen the company's enterprise software business than replace it. The October 12 upgrade marks a sharp turnaround from the bank's May assessm…
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