[Tether unveils on-device AI speech recognition model to expand AI push]

Tether, the issuer of USDT, has unveiled QVAC TranscribePsy, an on-device AI speech recognition model with 254 million parameters that runs directly on devices without cloud transmission. The model processes real-time transcription instantly on-device without sending audio data to external servers, maximizing data privacy protection.

Tether said benchmark tests on six major smartphone models showed the model outperformed key competing models in processing speed.
https://coinness.com/en/news/1171770

[SHIB volume slump clouds near-term price direction]

Shiba Inu trading volume has dropped sharply, leaving its near-term price direction unclear, according to a U.Today analysis.

SHIB was trading around $0.00000517, while recent volume was down significantly from the surge seen between July and September, U.Today said. The daily relative strength index stood at around 40, indicating weak upward momentum. On-chain data also showed the seven-day average of exchange outflows and inflows fell 42% and 14%, respectively. U.Today added that if support at $0.00000500 breaks, SHIB could fall to its September low of $0.00000475.
https://coinness.com/en/news/1171771

[DriveWealth to adopt Ripple’s RLUSD for real-time global trade settlement]

DriveWealth, a global B2B embedded finance and brokerage platform, plans to adopt Ripple’s NYDFS-approved stablecoin RLUSD (Ripple USD) for on-chain settlement and cross-border fund transfers.

The company said it aims to shorten settlement times for global securities and derivatives trades from several days under T+1 to T+2 cycles to real-time processing within seconds. It also plans to improve the inefficient fee structure of traditional banking networks and build a 24/7 settlement environment.
https://coinness.com/en/news/1171772

[Polygon Labs completes Coinme acquisition, securing payment foothold in 48 U.S. states]

Polygon Labs has completed its acquisition of crypto payments firm Coinme, The Block reported. The deal gives Polygon Labs a foundation to offer compliant payment services across 48 U.S. states, including money transmitter licenses in 37 states and related regulatory exemptions in 11 others.

The Coinme acquisition is part of a $250 million deal announced in January covering the acquisitions of Coinme and Sequence.
https://coinness.com/en/news/1171773

[Ripple partners with DriveWealth on RLUSD payments, cross-border transfers]

Ripple said it has entered into a partnership with DriveWealth covering XRP Ledger-based RLUSD payments, cross-border payments, custody and prime brokerage.
https://coinness.com/en/news/1171774

[HEX founder Richard Heart arrested in Istanbul, local media report]

Richard Heart, the founder of cryptocurrency project HEX, was arrested in Istanbul, Türkiye, on Oct. 14, according to local media. Turkish intelligence authorities and police were said to have detained Heart in the Besiktas district of Istanbul and seized 64 luxury watches, cash, firearms and electronic devices.

Heart has been under investigation in Finland on allegations of tax evasion and assault, and an Interpol Red Notice was issued in December 2024 at the request of Finnish authorities, the reports said.
https://coinness.com/en/news/1171775

[Canada-to-Asia crypto remittances jump 141% to $2.36B]

Crypto remittances from Canada to India, China and the Philippines rose 141% year over year to $2.36 billion, Cointelegraph reported, citing a Chainalysis report. Over the one-year period through June 2026, the number of transfers reached 3.56 million, with an average transfer size of $663. Remittances to the Philippines rose 28% to $61.02 million. Chainalysis said Canada’s large immigrant population and high fees charged by traditional overseas remittance services may have contributed to the growth in crypto remittances.
https://coinness.com/en/news/1171776

[Bitwise CIO says BTC held up well despite hotter-than-expected U.S. inflation data]

Bitwise CIO Matt Hougan said on X that Bitcoin showed strong price resilience, falling only about 1% even though U.S. inflation data came in above expectations. Hougan said he had expected the crypto market to drop 3% to 5% after the data, but BTC was still holding near $82,600, calling the move "impressive."
https://coinness.com/en/news/1171777

[OCC says major U.S. banks ran debanking policies targeting crypto firms through Sept. 2025]

Nine major U.S. banks operated debanking policies from 2020 through September 2025 that restricted access to financial services for the cryptocurrency industry and other sectors, the Office of the Comptroller of the Currency said, according to Cointelegraph.

The banks were JPMorgan Chase, Bank of America, Citi, Wells Fargo, U.S. Bank, Capital One, PNC Bank, TD Bank, and BMO Bank. Debanking refers to the refusal or restriction of bank account access and financial services for specific companies or individuals.
https://coinness.com/en/news/1171778

[$101 million worth of futures liquidated in the past hour]

Major exchanges have seen $101 million worth of futures liquidated in the past hour. In the past 24 hours, $221 million worth of futures have been liquidated.
https://coinness.com/en/news/1171779

[U.S. prosecutors shut 241 sites in international crypto fraud crackdown]

The U.S. Attorney’s Office for the Eastern District of New York uncovered an international cryptocurrency fraud ring based in Eastern Europe that swindled tens of millions of dollars from U.S. users, Bloomberg reported. Prosecutors shut down 241 websites tied to crypto scams and seized 112 servers hosted by companies in Eastern Europe and the United States in the operation.
https://coinness.com/en/news/1171780

[US stocks open lower]

The three major U.S. stock indices opened lower today.
- S&P 500: -0.4%
- Nasdaq: -0.65%
- Dow Jones: -0.15%
https://coinness.com/en/news/1171781

[Standard Chartered pushes stablecoin $2 trillion market cap target to 2030]

Standard Chartered has pushed back its forecast for the stablecoin market to reach a $2 trillion market cap to 2030 from 2028, The Block reported. The bank kept its $2 trillion market cap outlook unchanged while reflecting a slowdown in stablecoin supply growth this year. The current stablecoin market cap stands at around $309 billion.

Standard Chartered said stablecoin use continues to expand across savings tools in emerging markets, payments in developed markets, the crypto market, and payments between AI agents. It added competition is likely to be fiercest in the developed-market payments segment led by USDC.
https://coinness.com/en/news/1171782

[K33: Strategy preferred stock plan created more costs than benefits]

K33 Research said Strategy’s issuance of STRC preferred stock, introduced to avoid diluting common shareholders, ended up creating a heavy dividend burden and produced more drawbacks than benefits.

According to a K33 report, Strategy’s annual dividend obligations surged to $1.56 billion as its STRC program expanded, with $725 million of that tied to additional STRC issuance. At a Bitcoin price of $83,000, that amounts to an annual cost of about 8,740 BTC. K33 added that if Strategy had not issued preferred stock and had instead used its $4 billion cash reserve and the funds spent on STRC purchases to buy Bitcoin, the difference in its current Bitcoin holdings would be only around 4,900 BTC. Factoring in STRC’s 12% interest cost against a 4% return on cash reserves, K33 said buying Bitcoin through common stock issuance would have been more efficient and criticized the preferred stock-based financing model.
https://coinness.com/en/news/1171783

[Mail phishing scam targeting Ledger users spreads]

A mail phishing scam impersonating an official notice is targeting users of hardware wallet provider Ledger, Bitcoin News reported. A user in Germany said the person received a fake notice claiming that, under new regulations, the person had to register a Bitcoin wallet through ZenLedger by Oct. 31. The mail included the Ledger logo, wording related to German financial authorities, and a QR code designed to prompt wallet registration.
https://coinness.com/en/news/1171784

[Crypto-linked U.S. stocks open lower]

Major U.S.-listed crypto-related stocks were trading lower shortly after the market opened, according to real-time data from MSX.COM.

- Strategy (MSTR): -0.56%
- Coinbase (COIN): -0.84%
- Circle (CRCL): -1.32%
- Bitmine Immersion (BMNR): -2.21%
- SharpLink Gaming (SBET): -1.90%
https://coinness.com/en/news/1171785

[Chainlink launches oracle infrastructure on Stellar]

Chainlink said its oracle infrastructure has officially gone live on the Stellar network.

Data Feeds and Data Streams will be available to Stellar’s real-world asset ecosystem, which exceeds $4 billion in size, and developers can use verifiable market data for lending, stablecoins and tokenized stocks. Stellar also plans to commit substantial capital through the Chainlink Scale program to support builders with cost-efficient access to institution-grade oracle infrastructure.
https://coinness.com/en/news/1171786

[Whale swaps another $32.6M in UBTC for 13,036 ETH over 24 hours]

A whale swapping UBTC for ETH exchanged an additional 13,036.32 ETH over the past 24 hours, worth $32.59 million, according to ai_9684xtpa. Since Oct. 11, the whale has swapped UBTC for a total of 39,832.76 ETH, valued at more than $100 million.
https://coinness.com/en/news/1171787

[Perpetuals.com plans blockchain-based U.S. stock token trading platform]

Nasdaq-listed fintech firm Perpetuals.com (PDC) plans to operate a blockchain-based stock token trading platform under the U.S. SEC’s five-year innovation exemption program, CoinDesk reported. CEO Patrick Gruhn previously led FTX Europe. Earlier, OKXICE, a joint venture between crypto exchange OKX and Intercontinental Exchange (ICE), the parent of the New York Stock Exchange, also submitted a plan to offer 24-hour trading in more than 60 U.S. stocks.
https://coinness.com/en/news/1171788

[BTC falls below $82,000]

According to CoinNess market monitoring, BTC has fallen below $82,000. BTC is trading at $81,984.49 on the Binance USDT market.
https://coinness.com/en/news/1171789

[Bastion opposes SkyAI’s planned $201M share buyback]

Bastion Trading, which holds about 9.99% of SkyAI, has objected to the company’s planned share buyback of up to $201 million, Crypto Briefing reported. Bastion said SkyAI had provided insufficient disclosure on sales of its Solana holdings and called for a higher tender offer price and a board overhaul.

SkyAI recently announced a cash tender offer to buy back up to 95% of its common shares and three classes of warrants at $3 per share, a roughly 65% premium to the Oct. 9 closing price. The offer is expected to begin around Oct. 15 and run for 10 business days, with at least 50% of each security class required to be tendered. The tender offer also includes a condition that SOL remain over $100 during the offer period.

Bastion estimates SkyAI has sold about 70% of its SOL holdings and is seeking more detailed disclosure on the size of the sales and the remaining balance. Bastion estimates SkyAI sold about one million SOL and now holds between 600,000 and one million SOL. Bastion also puts SkyAI’s net asset value at about $3.30 per share and argued the tender offer price should be raised to at least $3.50.
https://coinness.com/en/news/1171790