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Thailand wants a piece of the $120 billion Bitcoin and Ethereum ETF market, but on its own terms

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Thailand wants a piece of the $120 billion Bitcoin and Ethereum ETF market, but on its own terms
Thailand has finalized rules allowing domestic Bitcoin and Ethereum ETFs while restricting retail access to competing overseas investment products. The Securities and Exchange Commission (SEC) announced on Oct. 8 that 11 regulatory notifications will take effect on Oct. 16, establishing a framework for cryptocurrency exchange-traded funds listed exclusively on the Stock Exchange of Thailand. Thailand’s … Read more

Aave’s USDG rollover plan has a yield below most quoted borrowing rates

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Aave’s USDG rollover plan has a yield below most quoted borrowing rates
Aave’s proposed USDG rollover would let borrowers carry their stablecoin debt into a new fixed-yield USDG position, but the replacement collateral currently yields less than three quoted borrowing rates. That leaves leverage and separately administered rewards central to whether extending the trade makes financial sense. The proposal concerns Pendle principal tokens, or PTs, on the … Read more

Some Aave loans sit near liquidation with collateral that can take hours to cash out

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Some Aave loans sit near liquidation with collateral that can take hours to cash out
Some Aave loans backed by yield-bearing collateral had narrow liquidation buffers in LlamaRisk’s Oct. 9 snapshots. Every top PT-AUSD supplier on Monad carried debt, while two syrupUSDC positions accounted for about 97% of supplied syrupUSDC on Arc. Cashing out the collateral involves a market sale or, for Arc holders choosing Ethereum redemption, a withdrawal queue … Read more

Tokenized stocks can carry the same rights without the same trading protections

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Tokenized stocks can carry the same rights without the same trading protections
Tokenized stocks eligible for the SEC’s September exemption must carry equivalent shareholder rights, yet their trading venues can operate outside key Regulation NMS protections. Investors therefore need to examine both what the share represents and how their order is priced and handled. Market-data provider Douro Labs asked SEC staff in an October 9 submission for … Read more

CFTC proposes a divide between prediction contracts and sportsbook wagers

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CFTC proposes a divide between prediction contracts and sportsbook wagers
The Commodity Futures Trading Commission announced two actions on Oct. 9 seeking to clarify the federal regulatory boundary between prediction-market contracts and traditional gambling. It proposed expressly including sports and other event contracts in the definition of a swap, a category of financial derivative, while announcing a separate interim final rule to codify the exclusion … Read more

Tether freezes $1.4M in TRON vaults and THORChain stalls

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Tether freezes $1.4M in TRON vaults and THORChain stalls
THORChain’s TRON operations were interrupted on Oct. 9 after a USDT vault blocklist, according to reports by its co-founder Chad Barraford and researcher Khal. The researcher put the affected balance at about 1.45 million USDT. Both accounts later reversed the restrictions, according to updates from both accounts. At 3:35 p.m. UTC, Barraford said the addresses … Read more

China’s crypto ban Is failing to stop a $176 billion P2P economy

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China’s crypto ban Is failing to stop a $176 billion P2P economy
China’s underground crypto economy is increasingly shifting toward peer-to-peer stablecoin payments despite Beijing’s longstanding restrictions on digital assets. Chainalysis estimates China generated at least $176 billion of crypto activity during the 12 months through June 2026, with 59.1% occurring through domestic peer-to-peer transfers rather than exchanges and other centralized platforms. That share was 3.5 times … Read more

Open USD supply hits $666 million as 10 wallets trap most tokens

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Open USD supply hits $666 million as 10 wallets trap most tokens
Open USD had $666.3 million outstanding on Oct. 5, but most of that supply remained in launch and custody wallets, according to Crystal Intelligence’s wallet study published Oct. 6. The findings show substantial launch inventory, with little evidence of wider circulation yet. Open Standard created the token OUSD, which launched Sept. 30 on Base, Ethereum, … Read more

Ripple and Circle backs OKX as it targets the next wave of stablecoin users

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Ripple and Circle backs OKX as it targets the next wave of stablecoin users
OKX brought Circle, Ripple and Standard Chartered’s venture arm onto its cap table as the crypto exchange broadens its push into stablecoin-based financial services. On Oct. 6, the exchange’s Chief Executive Officer, Star Xu, confirmed that the company completed a strategic investment from Circle, Qube Research & Technologies, Ripple and SC Ventures by Standard Chartered … Read more

SAP Pay adds USDC payments, with Circle Mint access required

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SAP Pay adds USDC payments, with Circle Mint access required
Circle has added a USDC payment route to SAP Pay through a partnership with payments provider Tereina, letting eligible businesses use stablecoins inside their existing SAP workflows. Access requires an institutional Circle Mint account and depends on regional availability, according to Circle’s SAP Pay page. The Oct. 7 announcement says Circle’s integration with Tereina, the … Read more