Banks are challenging stablecoin reward programs just months after the GENIUS Act became law. Here is how issuers, exchanges, and regulators will draw the line between interest and incentives, and why onchain dollars will keep gaining speed.
Talos
MUFG, SMFG, and Mizuho agreed on a unified, bank-grade yen stablecoin standard that could become Asia’s corporate settlement backbone, speed cross-border B2B and FX with embedded compliance, and force U.S. and EU answers.
The OCC’s conditional charter for Palmer Luckey’s Erebor Bank reopens a supervised path for onshore settlement, compliant custody, and narrow‑bank reserves. The decisive next steps rest with FDIC insurance and a Federal Reserve master account.
On October 3, 2025, Samsung gave U.S. Galaxy owners special access to Coinbase One inside Samsung Wallet, turning the default phone wallet into a crypto on-ramp and previewing how OEM-native wallets could reshape stablecoin spend and DeFi access.
Two U.S. deals just reset the map for event trading. On October 16, 2025, Kraken agreed to acquire The Small Exchange, a CFTC Designated Contract Market, and on July 21, 2025, Polymarket bought QCEX. Together they signal crypto-native prediction markets moving into the regulated U.S. perimeter.
A brief PYUSD minting error flashed trillions on chain before being burned. Paired with new U.S. rules, a global warning, and U.K. caps, the takeaway is clear: programmable dollars need an onchain control layer to scale safely.
Grayscale filed a Form 10 for a Bittensor Trust on October 10, 2025, a faster path to SEC reporting status that can open OTC access for U.S. institutions. Here is why this matters more than an ETF today, the 3-6 month catalyst map, and what it could mean for AI and DePIN.
The SEC’s new generic listing standards rewired today’s Solana ETF timeline. Here is what approval or denial actually means for capital, staking, liquidity, and what to watch on day one.
S&P’s hybrid benchmark of 15 tokens and 35 crypto-linked stocks debuted October 7, 2025. With Dinari planning a tokenized wrapper, advisors get a defensible reference and DeFi gets diversified collateral. Here is what changes, and what could go wrong.
A top U.S. derivatives venue is moving to always‑on crypto trading and has launched options on Solana and XRP. Here is how continuous, regulated derivatives can tighten weekend spreads, deepen liquidity, and reshape basis and volatility markets.