Author: 行政

When you hold a dollar stablecoin, somebody else may be earning interest on the assets backing your balance, while a company borrowing to buy Bitcoin has to find the money to pay its lenders.Both businesses are crypto-native, but a higher interest rate can reward the first and eat into the economics of the second.That split gets lost when every move in Treasury yields becomes a verdict on whether money is getting easier or harder for the whole industry.Different rates reach different businesses through their contracts, so a bond-market move that discourages investors from buying speculative assets can also improve the…

Binance will require Brazilian users to provide additional information for cross-border crypto transfers starting Nov. 1.The exchange said customers sending crypto abroad or receiving it from nonresidents must disclose the purpose of each transfer and identify the counterparty type. Corporate accounts must also say whether the other party belongs to the same economic group.Binance will report the transactions monthly to Brazil’s central bank under Resolution BCB No. 521/2025, which brings international virtual-asset transfers into the country’s foreign-exchange framework.The requirement creates a new compliance checkpoint for cross-border crypto flows. Withdrawals cannot be submitted until the questionnaire is completed, while incoming deposits…

Here’s a hypothetical scenario: you want to use $100 out of your bank account to buy newly issued stablecoins. The company issuing the stablecoins takes your dollars, puts them in its own bank account, and gives you a balance you can send around on a blockchain.You got the product you wanted, and somewhere in the vast and confusing realm of banking, the $100 is still there.From a distance, this looks like something banks shouldn’t worry about. Sure, they lost a deposit, but they also got a deposit back, so why do bankers keep warning that stablecoins could drain the financial…

The Independent Community Bankers of America sued the OCC in federal court in Washington on Oct. 2, two weeks after the agency approved Agora National Trust Bank, Catena Trust Bank and Bastion Platforms.American Banker reported that the complaint asked the court to vacate the OCC’s national trust bank rule and Interpretive Letter 1176. It argued the agency exceeded its authority by widening limited-purpose trust charters for fintech and crypto firms.ICBA says the OCC has approved or conditionally approved 21 trust banks, 13 of them tied to crypto.Banks lost the applicant-by-applicant fight against crypto firmsBanking groups objected company by company, and…

CAC Grading CEO and Founder John Albanese A private auction tied to a limited CAC Grading label issue has generated a six-figure sum that will be distributed to nonprofit numismatic organizations and other charities. The fundraiser involved 20,000 certification labels bearing the autograph of CAC Grading founder and CEO John Albanese. Authorized modern bulk submitters competed for the labels, with the winning bid providing the money now earmarked for charitable giving. Coin clubs and other nonprofit numismatic groups are being invited to apply for a share of the proceeds. Requests must reach Albanese by Oct. 31 and should explain the…

Companies can own a mountain of US government debt without betting that bond prices will rise. Hedge funds buy Treasury securities and sell futures against them to collect a small pricing gap, borrowing most of the purchase money to make the return worthwhile.The government gets another buyer, whose interest lasts as long as the trade pays.The catch is that the loan can expire tomorrow while the trade needs longer to pay off. The government’s ability to repay its debt doesn’t solve the fund’s need to repay its lender.This is the Treasury cash-futures basis trade, and the sums involved are large…

The European Securities and Markets Authority wants to extend Europe’s restrictions on non-compliant stablecoins beyond trading to the services that let customers keep and move them. If adopted as proposed, the change would remove the option of leaving such tokens with a licensed custodian after their trading pairs disappear.In its September 30, 2026 response to a review of the EU’s Markets in Crypto-Assets regulation (MiCA), ESMA asks the European Commission to prohibit every licensable crypto-asset service involving stablecoins that fail the regulation’s applicable requirements. Custody and transfers fall within that service list. The consequence would reach existing holders who have…

Six US banks have failed in 2026 so far, which is one more than in 2023 and enough to make another banking-crisis headline practically write itself.But before we start reliving Silicon Valley Bank, it’s worth looking at what those six banks actually held: about $1.43 billion in combined assets, compared with roughly $552.54 billion at the banks that failed in 2023, according to historical numbers from the Federal Deposit Insurance Corporation (FDIC).Counting each bank as one gives you a perfectly accurate number and a pretty lousy sense of scale. This year’s total includes a lender with $3.73 million in assets,…

Leveraged funds’ reported Bitcoin futures shorts fell by about 5,300 BTC-equivalent in the week to Sept. 29, narrowing their net short even as their aggregate long exposure shrank.The Commodity Futures Trading Commission’s latest futures-only figures, released in the Oct. 2 reporting cycle, cover CME standard and micro Bitcoin futures plus Coinbase Derivatives’ nano Bitcoin and nano perpetual-style futures. The totals convert different contract sizes into BTC-equivalent exposure; they describe futures positions, not transfers of physical bitcoin.Compared with Sept. 22 positions, the funds’ reported shorts fell 5,299.69 BTC-equivalent and longs fell 908.99 BTC-equivalent. Their net short consequently narrowed by 4,390.70 BTC-equivalent,…

Arbitrum’s Security Council temporarily blocked new Stylus contract activations on Arbitrum One and Nova in an October 2 emergency action, restricting programs and app updates that require fresh activation. Already-active Stylus applications can keep running, while ordinary Solidity contract deployment and execution remain unaffected, according to the Council’s action report.Arbitrum attributed the precaution to increasingly sophisticated AI-assisted attacks involving hand-crafted WebAssembly programs outside the standard Stylus compiler toolchain. It said known Stylus bugs primarily threaten chain liveness, including denial-of-service risks, and that no attack permitting theft of user funds had been discovered. Related ReadingBoltz’s shutdown shows the real danger of…