[BIS says stablecoins can cut cross-border payment costs]

Stablecoins can process cross-border payments at lower cost than traditional banks, although limits such as weak liquidity remain, the Bank for International Settlements said in a report, according to Forkast.

The BIS said using blockchains such as Ethereum, Solana and Tron could reduce reliance on banks and the SWIFT network. It added exchange rates between major currencies and stablecoins can come close to rates in the interbank wholesale foreign exchange market. At the same time, the BIS said fees for transactions, withdrawals and currency conversion arise when fiat is converted into stablecoins and cashed out again, while insufficient market liquidity can limit cost savings for large-value payments.
https://coinness.com/en/news/1172298

[Ramp applies to OCC for national trust bank charter]

Financial platform Ramp has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter to provide digital asset custody and investment management services, Cointelegraph reported. Through the charter, Ramp plans to secure eligibility to offer related financial services.
https://coinness.com/en/news/1172299

[Former KakaoBank employee fired over customer data leak, alleged USDT kickbacks]

A former KakaoBank employee is under police investigation on allegations of leaking customer withdrawal transaction data to an outside party and receiving about 1 million won worth of Tether per case in return, SBS Biz reported.

The employee, identified only as A, was found to have improperly accessed the transaction histories of seven accounts for non-work purposes between June 5 and June 12. KakaoBank said it became aware of the incident through a tip on June 29 and reported it to South Korea’s Financial Supervisory Service the following day. The employee was dismissed in late July and has been reported to investigative authorities and detained, according to the report.
https://coinness.com/en/news/1172300
See more: https://biz.sbs.co.kr/article/20000340990

[Canada crypto market grows 2.3% over year as U.S. market shrinks 2.2%]

Canada’s cryptocurrency market grew 2.3% over the year through June to reach $247.7 billion, while the global market contracted 1.6% and the U.S. market shrank 2.2%, blockchain analytics firm Chainalysis said on X.

According to Chainalysis, Canada’s market is smaller than that of the United States, but ranked second among countries on its proprietary metric measuring large-scale cryptocurrency trading activity. In its crypto adoption index focused on retail users, Canada ranked 10th out of 117 countries surveyed.
https://coinness.com/en/news/1172302

[24-hour crypto futures liquidations]

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours:
- BTC: $45.20 million liquidated (68.27% longs)
- ETH: $42.55 million liquidated (53.64% longs)
- SOL: $5.38 million liquidated (53.39% longs)
https://coinness.com/en/news/1172303

[South Korea may delay crypto tax again ahead of Jan. 1 rollout]

South Korea’s planned virtual-asset tax, set to take effect on Jan. 1, may be delayed again, The Asia Business Daily reported. Amid investor pushback, calls are gaining traction to address gaps in the system, including securing trading data from overseas exchanges and introducing loss carryforwards, before moving ahead with taxation.

South Korea’s Ministry of Economy and Finance is scheduled to attend a ruling-party-hosted parliamentary forum on the virtual-asset market on Nov. 2 to discuss key issues in the tax regime and related policy tasks. A National Assembly official said the government’s appearance would mark its first public participation in about five months after it formally signaled its intention to pursue virtual-asset taxation at a parliamentary forum in May and then declined requests to attend subsequent National Assembly-hosted discussions.
https://coinness.com/en/news/1172304
See more: https://view.asiae.co.kr/article/2026102010245974489

[JPMorgan projects Bitcoin to return 10% annually over next decade]

JPMorgan Asset Management projected in its "2027 Long-Term Capital Market Assumptions" report that Bitcoin will deliver a 10% annualized compound return over the next 10 years. That would top U.S. large-cap stocks at 7.5% and gold at 5.5%, making Bitcoin the highest-returning asset class in the analysis.

Bitwise CIO Matt Hougan said traditional financial institutions that had previously ignored or criticized Bitcoin are now including it in long-term investment outlooks and assessing it as the asset most likely to post the strongest returns over the next decade.
https://coinness.com/en/news/1172305

[$526.7M returns to U.S. spot Bitcoin ETFs after one-day outflow]

U.S. spot Bitcoin ETFs recorded net inflows of $526.7 million on Oct. 19, reversing back to inflows after one trading day of net outflows, according to SoSoValue.
- BlackRock IBIT: +$665.2 million
- Fidelity FBTC: -$83.6 million
- Grayscale GBTC: -$54.9 million
https://coinness.com/en/news/1172306

[U.S. spot ETH ETFs log $103.28M in net outflows]

U.S. spot ETH ETFs saw $103.28 million in net outflows on Oct. 19, extending the streak to four consecutive trading days, according to SoSoValue.
- BlackRock ETHA: -$95.4 million
- Grayscale ETHE: -$1.92 million
- Fidelity FETH: -$5.96 million
https://coinness.com/en/news/1172307

[France’s AMF adds illegal crypto service websites to warning list]

France’s financial markets regulator, the AMF, has published a new list of illegal cryptocurrency and related service websites identified in the third quarter. The list includes alphaairobot.com, bitgrokapp.com, cryptobullbear.com and investpathline.com.

The AMF said it has added 64 unlicensed crypto-related websites to the list so far in 2026. The regulator added that the list is updated regularly, but it does not include every illegal website. Investors can check the whitelist of crypto-asset service providers, or PSCA, on the AMF’s official website to verify whether a platform is authorized to operate in France.
https://coinness.com/en/news/1172308

[Altcoin leverage remains elevated, raising risk of large long liquidations]

High leverage levels in the altcoin market are persisting, increasing the risk that further price declines could trigger liquidations of long positions, Glassnode said.

The on-chain analytics firm said altcoin prices have corrected since leverage peaked earlier this month, but more than 40% of large-cap altcoins still carry leverage close to their highest levels of the year. If altcoin prices fall sharply again, liquidation pressure could intensify, particularly in leveraged long positions.
https://coinness.com/en/news/1172309

[Sh Suhyup Bank completes stablecoin-based financial services PoC]

Sh Suhyup Bank said on Oct. 20 it completed a proof of concept for stablecoin-based banking services with fintech security company Aton.

The bank said the PoC confirmed the technical feasibility of using stablecoins across a broad range of banking operations, including savings products, loans and overseas remittances.
https://coinness.com/en/news/1172310

[Japan’s FSA weighs stablecoins for restricted subsidies such as child care, food]

Japan’s Financial Services Agency is reviewing the use of stablecoins and tokenized deposits to distribute subsidies earmarked for limited purposes such as child care and food, CoinPost reported.

According to minutes from the first meeting of an on-chain finance forum for the AI era released by the agency on Oct. 19, Japan’s Digital Agency plans to examine the related technical feasibility and how such payments would be treated under existing laws and regulations. The meeting also discussed tokenizing current account deposits at the Bank of Japan, enabling on-chain use of government bonds, and building next-generation interbank payment infrastructure. Experts stressed the need for a phased approach through small-scale pilot projects to make on-chain finance practical, while also raising concerns that if Japanese financial institutions fall behind as major overseas companies advance tokenization and stablecoin use cases, payment operations by Japanese and broader Asian companies could shift overseas.
https://coinness.com/en/news/1172311

[Robinhood Chain daily gas fees plunge 99.6%, analyst says]

Robinhood Chain’s daily gas fees plunged 99.6% to $34,000 on Oct. 18 from $8.4 million on Sept. 4, according to cryptocurrency analyst The Smart Ape.

Compared with the chain’s busiest day on Oct. 14, fee revenue over the most recent 14 days fell 92% for Pons V2, 96% for GMGN and 94% for Axiom. The median drawdown for memecoins on the chain from their all-time highs reached 97%, while 72% of all memecoins were down more than 90% from their peaks. By contrast, total value locked hit a record $1.05 billion. Last week, active wallets totaled 873,000 and gas fee revenue came to about $345,000. Of total TVL, about $480 million was concentrated in two stablecoin lending markets on Morpho, which The Smart Ape analyzed as being tied mainly to leveraged arbitrage.
https://coinness.com/en/news/1172312

[Wintermute holds $69.6M in short positions on Hyperliquid]

Crypto market maker Wintermute holds $81.36 million in total positions on Hyperliquid, with 85.5% of that, or about $69.59 million, in short positions, according to Onchain Lens.

Its main positions include a $22.61 million 15x short on ETH, a $12.65 million 20x short on SOL, and a $4.2 million 10x short on XRP.
https://coinness.com/en/news/1172313

[U.S. SEC ends comment period on crypto asset rule, receives about 140 submissions]

The U.S. SEC has ended its public comment period for the new 'Regulation Crypto Assets' proposal, with about 140 submissions received during the 60-day window, Cointelegraph reported.
https://coinness.com/en/news/1172314

[South Korea vice finance minister calls for crypto tax infrastructure, market rules]

South Korea’s First Vice Finance Minister Kwon Dae-young said the principle of taxing income where it arises should be respected, adding that tax infrastructure and a market discipline framework need to be in place for that principle to take hold properly in the virtual asset market, Chosun Biz reported.

Speaking at a closed-door meeting with virtual asset industry participants and experts held at the Seoul Regional Procurement Service on today, Kwon said virtual assets are seeing new transactions and services emerge rapidly as technology develops, while cross-border trading is also becoming more active. Kwon added that the tax system also needs to be carefully designed and operated in a way that fully reflects both taxation principles and changing market conditions, as well as the characteristics of such transactions.
https://coinness.com/en/news/1172315
See more: https://biz.chosun.com/policy/policy_sub/2026/10/20/I24PLGRQDZDBFCJ5P737GCYULI/?utm_source=naver&utm_medium=original&utm_campaign=biz

[MrBeast-linked Beast Holdings cleared for US trademark registration in crypto finance]

MrBeast-linked Beast Holdings, LLC has received notices of allowance from the U.S. Patent and Trademark Office for two financial service trademarks covering cryptocurrency trading and payment services, Odaily reported. The company had previously filed trademark applications for "MRBEAST FINANCIAL" and "BEAST FINANCIAL" on Oct. 13 last year.
https://coinness.com/en/news/1172316

[Ethereum Institutional hires ex-Coinbase research head for U.S. business role]

Ethereum Institutional has hired David Duong, Coinbase’s former global head of institutional research, as head of its U.S. business, The Block reported. Duong led global investment research at Coinbase and previously worked in sell-side macro strategy roles at HSBC, Santander and Deutsche Bank.
https://coinness.com/en/news/1172317

[Bithumb to suspend deposits, withdrawals for 48 Solana-based tokens]

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals for 48 Solana-based tokens starting at 9:00 a.m. UTC on Oct. 21 to support a Solana network upgrade.

The affected assets are as follows:
- DoubleZero (2Z)
- Access Protocol (ACS)
- Arcium (ARX)
- Moonbird (BIRB)
- Bubblemaps (BMT)
- BONK (BONK)
- CUDIS (CUDIS)
- deBridge (DBR)
- Doodles (DOOD)
- GEODNET (GEOD)
- Grass (GRASS)
- Helium (HNT)
- HoloWorld AI (HOLO)
- Huma Finance (HUMA)
- io.net (IO)
- Jito (JTO)
- Jupiter (JUP)
- Kamino Finance (KMNO)
- Solayer (LAYER)
- Mayflower (MAY)
- Magic Eden (ME)
- Meteora (MET)
- MetaDAO (META2)
- cat in a dogs world (MEW)
- MOODENG (MOODENG)
- Metaplex (MPLX)
- Orca (ORCA)
- Pudgy Penguins (PENGU)
- PONKE (PONKE)
- Popcat (POPCAT)
- Pearl (PRL)
- Pump.fun (PUMP)
- Pyth Network (PYTH)
- Raydium (RAY)
- Render Token (RENDER)
- ROA Core (ROA)
- Seeker (SKR)
- Solstice (SLX)
- SNS (SNS)
- Solana (SOL)
- Sonic SVM (SONIC)
- SOON (SOON)
- Official Trump (TRUMP)
- Global Dollar (USDG)
- USELESS (USELESS)
- Wormhole (W)
- Humidifi (WET)
- dogwifhat (WIF)
https://coinness.com/en/news/1172318

[Upbit to temporarily suspend BABY deposits, withdrawals on Oct. 22]

South Korean exchange Upbit announced it will temporarily suspend BABY deposits and withdrawals from 9:00 a.m. UTC on Oct. 22 due to the Babylon network upgrade.
https://coinness.com/en/news/1172319