The Financial Stability Board (FSB) warned that stablecoins could expose gaps in cross-border financial rules during a market crisis and remain untested in such a scenario, and called for more cross-border information sharing, monitoring and planning for stablecoin distress or failure. The G20’s financial watchdog said in a report that global stablecoins, crypto tokens whose
Pando Finance Limited has announced plans to list its spot Solana exchange traded fund on the Hong Kong Stock Exchange on October 13, becoming the city’s second investment product offering direct exposure to $SOL. According to the fund’s subscription details, the Pando Solana ETF (02831) is accepting applications from October 6 through October 12, with
An enigmatic Bitcoin whale has just taken a huge $36 million bet on Ethereum by dumping hundreds of $BTC to gobble up thousands of $ETH as Ethereum, the second-largest crypto, attempts to rebound amid rising derivatives market activity. Blockchain data tracker Lookonchain revealed that an anonymous investor dumped 410.14 $BTC (worth around $34.16 million) on
The Financial Stability Board (FSB), a global financial watchdog, has outlined financial stability risks associated with artificial intelligence and regulatory concerns surrounding stablecoins. In a letter published Monday, FSB Chair Andrew Bailey warned that cross-border mechanisms for stablecoin oversight and crisis management “remain immature or are not yet developed.” In its 2025 review, the FSB
South Korea’s Jeonbuk Bank, a subsidiary of JB Financial Group, reportedly started issuing Bitcoin-backed loans to its corporate customers. Local outlet EDaily reported Monday that Jeonbuk Bank became the country’s first commercial bank to accept Bitcoin ($BTC) as collateral for won-denominated lending. The bank is reportedly limiting the service to businesses seeking operational capital, while
xStocks has emerged as a leader in the tokenized stock market, recording a remarkable growth of $76.8 million over the last seven days. This surge comes at a time when interest in tokenized assets is gaining momentum. According to a report by Token Terminal, the top two issuers, xStocks and Binance bStocks, collectively added $144.9
In brief U.S. spot Bitcoin ETFs are down a net $386.3 million for October after Wednesday’s $484.9 million exit, their worst day since June, despite a $21.1 million inflow on Friday. Ethereum ETFs extended their outflow streak to nine days, losing $635 million in October and nearly $700 million over the full streak. Solana ETFs
Europe’s markets regulator is seeking evidence on the safe use of tokenised collateral in EU central clearing, including a practical test: can clearinghouses access it and turn it into liquidity when a clearing member defaults? The consultation examines the conditions under which EU central counterparties, or CCPs, can use these assets safely and effectively. Key