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Crypto

Bitcoin holds $80,000 as stablecoin payments spread

Over the past week, the global crypto market’s key theme was resilience. Bitcoin held $80,000 despite a CPI shock, while XRP defended $1.30 even as public interest faded. Investors are watching U.S. PMI data and the Oct. 27-28 FOMC, as well as Ripple’s Swell event. Stablecoins and tokenisation are spreading into mainstream payment rails. In South Korea, tax deferral bills and a forthcoming digital assets framework are emerging variables.

Crypto

Ripple CLO calls for supplements, not brakes, on U.S. stablecoin rules, says self-custody right must be protected

User protection and the right to hold assets in personal wallets have emerged as key issues in detailed U.S. stablecoin implementation rules, the National Cryptocurrency Association said in comments to the Treasury on rules tied to Section 3 of the GENIUS bill. Signed by NCA President and Ripple chief legal officer Stuart Alderoty (스튜어트 알데로티), the submission backs 100% reserve requirements while seeking safeguards against automatic freezes, a safe-harbor window, clearer grounds for reissuing stablecoins under court orders, and limits on regulating non-custodial wallets and software providers.

Crypto

Bitcoin \'Uptober\' hopes fade as it stays in $82,000 range

Bitcoin briefly regained the $82,000 level on Oct. 19 but has fallen 2 percent so far in October, a month often seen as strong for the token. It traded around $82,393, up about 2 percent on the day, but remained down over the past week. Spot bitcoin ETF outflows added pressure, with $228.4 million of redemptions reported last week from products run by BlackRock, Fidelity and Grayscale.