SEC’s $75 million crypto fundraising plan faces bank backlash and threats of legal action
The manager wants usable Form TR filings, while Hyperliquid Policy Center challenges mandatory public analysis and seeks earlier protection. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The…
Cross River Bank links $2.4B RLUSD to core banking system
The bank says fintechs can access dollar and RLUSD payments through one API, with availability limited to some US states. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Kraken moves to acquire $181 million European bank in major push beyond crypto trading
Kraken’s parent company, Payward, has agreed to acquire a European bank as it expands beyond cryptocurrency trading into traditional financial services. On Oct. 14, the company announced a definitive agreement to purchase Saldo Finance Oy, a…
US deposit rates choke USDC adoption, and a BIS model reveals why
Historical estimates point to stronger USDC growth sensitivity to deposit repricing, while exchange rewards complicate adoption forecasts. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The…
Standard Chartered brings Ripple’s RLUSD into banking custody after $765 million quarterly surge
Standard Chartered has launched custody for Ripple’s RLUSD stablecoin as it prepares to expand its use as collateral for institutional trading. On Oct. 12, the bank announced that eligible institutional clients can now hold RLUSD issued on the XRP…
Kraken parent joins Singapore Gulf Bank, opening 24/7 institutional dollar rails
Kraken’s parent company, Payward, has connected to Singapore Gulf Bank’s SGB Net clearing network, opening round-the-clock US-dollar funding for selected institutional clients in Asia and the Gulf. The companies say participating clients in…
Bankers sue to overturn OCC trust-bank rule used by crypto firms
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…
Six US banks have failed in 2026 but the numbers look nothing like 2023
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…
Fed proposed stablecoin rule could trigger a 48-hour liquidation run
The Federal Reserve’s proposed rules for the payment stablecoin issuers it supervises include a crisis clock measured in hours. An issuer whose reserves fall below the value of its outstanding tokens would have 24 hours to notify the Fed and submit…
Washington has $114 billion reasons to want Tether around
Not that long ago, Washington fined Tether for misleading people about the dollars behind its tokens. Today, the company’s insatiable appetite for American debt is the main argument for sending those tokens further around the world. The distance…