Summary: TD Cowen warns midterms could stall the CLARITY Act, with prediction markets showing high odds for Democratic wins. Industry spent $176M influencing races, but regulatory shifts may now hinge on presidential vetoes and committee leadership.
Summary: NEXTPredict showcased prediction markets' pivot to financial hedging, featuring a failed $3M potential payout on JFK flight cancellations. Executives from Kalshi and Robinhood highlighted growth in commodity contracts, while regulators and traders debated accuracy amid upcoming midterms.
Summary: Circle’s USDC overtook Tether’s USDT in euro stablecoin trading, capturing 56% of volume amid MiCA-driven exchange restrictions. USDC also leads in euro liquidity depth, reflecting growing regulatory preference for compliant tokens in Europe.
Summary: Crypto firms spent $176 million in midterms to build a bipartisan Congress shield. Fairshake led with $150.8 million, backing 53 winners. This aims to protect interests post-Trump, following past SEC penalties and stalled Clarity Act efforts.
Summary: Deloitte’s Rob Massey warns that broker 1099s are incomplete, requiring strict self-assessment for all Bitcoin transactions. With no de minimis exemption, even small payments are taxable, urging clear Treasury guidance on lending and basis.
Summary: Robinhood faces rising opposition to tokenized stocks as 22 major corporations, including Microsoft and Goldman Sachs, object to unauthorized share tokenization. Despite generating $13.7 billion in tokenized equity volume, the company confronts legal risks highlighted by a new campaign urging CEOs to opt out.
Summary: Ripple received final OCC approval for Ripple National Trust Bank to manage RLUSD reserves and offer custody. The move faces legal challenges from community bankers and Senator Warren, who argue the charters evade traditional banking safeguards.
Summary: Ripple National Trust Bank received final OCC approval, completing its chartering process after conditional approval in December 2025. The bank will manage RLUSD reserves and custody, while issuance remains with NY-regulated Standard Custody & Trust Company.
Summary: Canada's draft stablecoin rules cap redemption fees at 1% and ban holder yield, requiring one-to-one reserves with Canadian custodians. Published Oct 24, the regulations target fall 2027 implementation, with penalties up to C$10 million for serious violations.
Summary: The OCC encourages community banks to apply as payment stablecoin issuers under finalized GENIUS Act rules effective January. This push aims to expand the issuer base amid banking group objections and ongoing lawsuits over crypto charter advantages.
Summary: The NBA signed a memorandum of understanding with the CFTC to share information and combat fraud in prediction markets. This follows similar agreements by MLB and NHL, occurring amid a jurisdictional fight where the NFL opposes federal regulation through court battles.
Summary: Canada opens a 60-day consultation on stablecoin rules for non-bank issuers, proposing a yield ban and mandatory Bank of Canada registration. Officials cite alignment with the US GENIUS Act to ease multi-jurisdictional compliance burdens.
Summary: SpaceX secured $40 billion in GPU leases via Apollo, leveraging its investment-grade status and non-AI revenues. Meanwhile, Elon Musk warns that pure-play AI cloud providers face severe consolidation as debt markets shut off funding for companies lacking diversified income sources.
Summary: Polymarket assigned Lula a 20% win probability despite his eventual victory, sparking debate over whether retail traders or Brazil's prediction market ban caused the mispricing. Experts cite low liquidity and lack of local insight as key factors.
Summary: Anthropic filed an S-1 with the SEC for a Nasdaq IPO, targeting a mid-November debut under ticker ANT. Despite reporting $16 billion in H1 2026 revenue, the AI firm disclosed an $80 billion net loss while holding over $112 billion in cash.
Summary: Brazil's stocks plunged over $200 billion as Lula defeated Bolsonaro, defying prediction markets that favored the senator. The Ibovespa hit a circuit breaker, while Bolsonaro now seeks to annul the election, adding political risk to the economic fallout.
Summary: Strategy halted Bitcoin purchases for the first time since mid-September, spending $204.9 million to buy back STRC preferred stock instead. This action reduced USD Cash to $242.4 million amid looming MSCI index exclusion risks.
Summary: Researcher log4j claims to have reverse engineered a 2025 Samsung TV's firmware, revealing an always-on microphone and extensive user tracking. Experts note these features are often buried in privacy policies, suggesting data collection helps keep TV prices low.
Summary: MENA’s crypto economy held flat at $443.3 billion as the UAE grew 32% to $104.8 billion, nearing Türkiye’s lead. Regulatory shifts drove tokenized gold surges in Türkiye and the UAE, while Iran’s activity rebounded after internet blackouts.
Summary: Strive, Inc. purchased 6,182 BTC for $511.4 million, raising its total holdings to 43,000 BTC. The acquisition follows a $630 million IPO of its 15% perpetual preferred stock, enabling a new $1 billion at-the-market program to fund further bitcoin purchases without using debt.