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โšก๏ธ๐Ÿค‘ Arf and Ripple Partner to Bring Settlement Liquidity to the XRP Ledger

Arf is bringing RLUSD-powered settlement liquidity to licensed cross-border payment companies on the XRP Ledger. Arf helped pioneer PayFi and has scaled to around $10 billion annually in global settlement volumes. As XRPL's native lending infrastructure comes online, it will become part of that settlement liquidity. ๐Ÿš€

โ€œPayment companies need capital to keep money moving while they wait for funds to settle. Weโ€™re meeting that need at scale, with $10 billion in annual settlement volume and capital turning over four times a month.

Through this partnership with Ripple, weโ€™re bringing stablecoin working capital to the XRP Ledger to help payment companies bridge that gap and support more payment volume,โ€โ€“ Ali Erhat Nalbant, Co-founder and CEO at Arf, said.


๐Ÿ‘‰ As the first phase of the partnership, Arf will provide direct RLUSD settlement liquidity on the XRP Ledger. Arfโ€™s short-duration settlement liquidity is typically repaid within one to five days as cross-border payments settle, allowing capital to be repeatedly deployed against real payment flows.

๐Ÿ‘‰ Once XRPLโ€™s native lending infrastructure becomes available, Arf plans to bring more of its settlement liquidity activity directly onto the protocol. That means the capital supporting this liquidity can be managed onchain and deployed through native lending functionality, while Arf continues to handle underwriting and working capital decisions offchain.

๐Ÿ‘‰ The infrastructure includes Single Asset Vaults, which allow capital to be pooled and managed onchain, and the Lending Protocol, which enables that capital to be extended as structured loans. The proposed capabilities are subject to XRPLโ€™s amendment process before they can become available on mainnet.

โ—๏ธPayment companies do not need to operate onchain to benefit. Arf allows licensed financial institutions to manage their treasuries between fiat and stablecoins, supported by Arfโ€™s bank accounts in major financial hubs, while the underlying blockchain infrastructure operates behind the scenes.

Arf has already built against the proposed protocol, providing a concrete implementation of how the Lending Protocol can support institutional settlement financing.

#Stellar

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๐Ÿค– 1000 human mathematicians pledge to shun AI in their research

More than 1000 mathematicians have pledged not to work for AI companies and to avoid using their models โ€“ to varying extents โ€“ in their research. The move comes amid a growing backlash against the way AI companies have used their models to solve thorny mathematical problems, many of which had stumped humans for decades.

The Association of Human Mathematicians (AHM) was created in the wake of controversial discoveries from AI companies, such as the release of 722 papers in one fell swoop by OpenAI earlier this month. Membership now stretches to more than 1000 people, including professors and PhD students.

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๐Ÿค– Could Chinaโ€™s 100-channel single-photon detector enable broadband quantum internet?

Chinese scientists have developed a 100-channel single-photon detector, a breakthrough promising to pave the way for broadband quantum networks.

State-of-the-art single-photon detectors โ€“ essential components underpinning photonic quantum technologies โ€“ could previously support a maximum of 32 detection channels for photon signals.

Now, a newly developed interconnect scheme by a Shanghai-based team has broken this bottleneck, supporting more than 100 detection channels while maintaining accurate and stable operation.

โ€œThis work establishes a robust and scalable infrastructure, paving the way for large-scale quantum photonic applications,โ€ โ€” the authors said.


#BRICS

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๐Ÿš˜ G.M. Hopes to Design New Cars in as Little as 2 Years Using A.I.

General Motors plans to lean into AI and vehicle software for future growth and development amid increasing competition abroad from Chinese automakers and a tougher U.S. market.

GM also reconfirmed that by 2028, it wants to have eyes-off highway driving, or โ€œpersonal autonomy,โ€ that will let drivers take their attention off the road. The automaker said that technology would start with the Cadillac Escalade IQ EV before rolling out to other, more high-volume models.

โ€œAll of these developments are building us the car of the future,โ€ โ€” CEO Mary Barra said.


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๐Ÿง‘โ€โš–๏ธ Rep. Eugene Vindman proposes keeping data center power costs off household electric bills

As data centers expand, Representative Eugene Vindman wants the companies behind them to pay the added costs of supplying their electricity โ€” rather than passing those expenses to other utility customers.

The Democrat representing Virginiaโ€™s 7th District introduced the Make Data Centers Pay Act, which would amend federal law to prevent qualifying data centersโ€™ power and infrastructure costs from being shifted onto households and small businesses.

"Hardworking Americans should not have to pay higher electricity bills to subsidize some of the largest and most energy-intensive data centers in the world,"โ€” Vindman said.


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๐Ÿง‘โ€โš–๏ธ Blockchain Association Urges Congress to Reform US Crypto Tax Rules

Blockchain Association
has urged US congressional leaders to revise digital asset tax rules, arguing that existing requirements create uncertainty for taxpayers and compliance burdens for businesses.

๐Ÿ“ In an October 22 letter to Senate Majority Leader John Thune, Senate Minority Leader Chuck Schumer, House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries, the industry group proposed changes to the tax treatment of stablecoins, staking rewards, broker reporting and transactions between crypto wallets.

๐Ÿ”˜Blockchain Association proposed a de minimis exemption for digital asset transactions, which would allow certain low-value transactions to avoid tax-related burdens.

๐Ÿ”˜The group also called for stablecoins to receive cash treatment for tax purposes and for relief from Form 1099-DA reporting requirements.

๐Ÿ”˜The group proposed limiting broker reporting obligations to intermediaries that have custody or control of customer assets. Under its approach, non-custodial developers and infrastructure participants would be excluded from these requirements.

๐Ÿ”˜The association said reporting rules should protect taxpayer privacy while supporting legitimate enforcement.

๐Ÿ”˜It also proposed that transfers between a personโ€™s own wallets, smart-contract interactions and transfers across blockchain networks should not trigger tax when the ownerโ€™s economic ownership and exposure remain unchanged.

๐Ÿ”˜Blockchain Association called for mining and staking rewards to be treated as self-created property, with tax generally due when the assets are sold or otherwise disposed of rather than when the rewards are received.

๐Ÿ”˜The group urged Congress to clarify that staking does not constitute impermissible business activity for grantor trusts, partnerships and regulated investment vehicles. It also proposed recognizing staking rewards as permissible investment income and allowing Americans to hold digital assets in retirement accounts.

๐Ÿ”˜Blockchain Association urged Congress to establish a statutory safe harbor for foreign persons trading digital assets on US exchanges, consistent with the treatment of securities and commodities.

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โšก๏ธ๐Ÿ›ฐ SpaceX in Talks to Access 80,000 Cell Sites for New Network

SpaceX aims to secure a minimum of 80,000 cell sites across the US, and itโ€™s in talks with at least one major cellular infrastructure company to reach that goal.

The agreements would solidify the rocket and satellite giantโ€™s path toward building a fourth nationwide wireless carrier. One of the companies theyโ€™re in talks with is Crown Castle Inc., which, along with American Tower Corp. and Vertical Bridge Holdings, are among the largest owners of cellular towers.

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๐Ÿค– Microsoftโ€™s Mustafa Suleyman says its AI outperforms doctors on hard cases as he chases โ€˜medical superintelligenceโ€™

Microsoftโ€™s AI diagnostic system correctly diagnosed complex medical cases in a simulation more than twice as often as generalist physicians, according to a study published Thursday in Science. Mustafa Suleyman, Microsoft AIโ€™s CEO, called the result a step toward โ€œmedical superintelligence.โ€

The system, dubbed MAI-DxO (DxO for short), coordinates several AI agents that act like a panel of doctors. They question a patient, order tests, and debate a diagnosis.

๐Ÿ“Š In a simulation using complex cases from the New England Journal of Medicine, it was correct 83% of the time. Primary care doctors and general internists, working individually with reference materials, were correct 36% of the time.

โ—๏ธOne note: Cases this complex are usually handled by specialists or physician teams, who werenโ€™t part of the comparison.

Microsoft joins Google and OpenAI in claiming that its AI can match or outperform doctors.

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๐Ÿ‡บ๐Ÿ‡ธ President Trump fundamentally transformed the future of finance with the signing of the GENIUS Act last year

U.S. Treasuryโ€™s OCC took a critical step toward implementing this historic legislation with the release of a final rule that delivers a federal framework for payment stablecoins that further cements American dominance in digital assets. ๐Ÿ†

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๐Ÿค Chainlink Partners With LG CNS To Power Korea's Digital Asset Market

Chainlink and LG CNS, a leading AI Transformation and IT service company in Korea and the technology arm of LG Group, have entered a strategic partnership to advance the infrastructure underpinning Korea's $68 billion digital asset market.

LG Group is one of Koreaโ€™s largest business groups, with approximately โ‚ฉ186 trillion in assets across 63 affiliates. LG CNS is the lead contractor for the Bank of Koreaโ€™s flagship digital currency initiative, Project Hangang. ๐Ÿ‡ฐ๐Ÿ‡ท

โ—๏ธThrough the partnership, LG CNS and Chainlink will:

๐ŸŸ  Enhance LG CNSโ€™s digital asset platform solution with Chainlinkโ€™s cross-chain, data, and orchestration infrastructure;
๐ŸŸ  Collaborate on digital asset solutions for Korean institutions using the full Chainlink platform;
๐ŸŸ  Advance the next generation of technical standards underpinning Koreaโ€™s digital asset economy.

The partnership is built for one of the worldโ€™s most active and technologically advanced digital asset markets. Korea is Asia's second-largest digital asset market, with the Korean won consistently ranking second in crypto trading volume, behind only the U.S. dollar.

By combining LG CNSโ€™s institutional expertise with Chainlink technology standards, the partnership establishes the foundation for compliant digital asset infrastructure in Korea and for global expansion. ๐ŸŒ

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๐Ÿ Treasury Unveils New Rules for Big Investor Homebuyers After Congress Set Limits

The Department of the Treasury unveiled the proposed rule that establishes standards for large institutional investors in the housing market.

๐Ÿง‘โ€โš–๏ธ It follows a January executive order from President Donald Trump meant to discourage investors from benefiting from federal assistance in home purchases.

"Treasury is working to ensure American families and workers have a fair shot at purchasing homes in their communities by increasing housing supply and limiting large institutional investors' role in the market, while supporting a strong, stable housing market and avoiding unnecessary disruption," โ€”Treasury Secretary Scott Bessent said.


๐Ÿ”˜The new rules help define what makes a large instututional investor and create carve-outs to the rules โ€” in particular, for renovate-to-rent businesses. Often these companies purchase homes that require more work than an average homebuyer can afford, and then flip them.

๐Ÿ”˜The rules also clarify proposed penalties against real estate investors, which could reach up to $1 million, or three times the purchase price of a property.

The rules are open for public comment for 30 days.

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๐Ÿค‘ U.S. Bank on Stellar: Why a 160-year-old bank chose an open network

๐Ÿ† The team at U.S. Bank knows that being a leader in payments means being on the cutting edge of payments infrastructure. Enter stablecoins.

In September, U.S. Bank officially launched the pilot of USBDC on the Stellar network.

USBDC is one of the first bank-issued stablecoins deployed on a public blockchain, and itโ€™s designed to make cross-border payments more efficient than ever. ๐Ÿš€

Jamie Walker, Head of Digital Assets & Money Movement, joins Denelle Dixon on block by block to discuss U.S. Bank's stablecoin pilot, what it unlocks, and why they launched it on Stellar.

โ€œThey say history repeats itself. When it comes to the world's most successful networks, that's a good thing. First, open networks shaped how we connect and share information.

Now, they're shaping how money moves,โ€ โ€” Denelle Dixon said. ๐Ÿ’ธ


โœด๏ธ Watch the full video on X
๐Ÿ”ฅ Watch the video on YouTube

#Stellar

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๐Ÿ‡ท๐Ÿ‡บ The Ministry of Finance of Russia is developing a roadmap for launching experimental legal regimes in the field of tokenization

The Ministry of Finance of the Russian Federation is developing a roadmap for launching experimental legal regimes (EPR) in the field of tokenization.

๐ŸŸ The first direction provides for the organization of the circulation of movable property, for which it is necessary to determine the key parameters of the corresponding EPR.

๐ŸŸ The second direction is the tokenization of corporate rights, including shares in LLC, which will require making specific changes to the relevant legislation.

๐ŸŸ The third direction is focused on tokenization of individual commodity exchange products.

โ—๏ธThe potential volume of investments attracted to the sector may amount to several TRILLION rubles, according to Dmitry Frolov, Director of the Ministry's Financial Policy Department.


The action plan is being formed as part of the implementation of the Tokenization Concept for Real Sector Assets, which the Government approved in February 2026.

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โšก๏ธ Melania Trump secures Oleshky ceasefire between Russia, Ukraine, White House says

US first lady Melania Trump has secured โ€‹a ceasefire between Russia and Ukraine โ€Œin the Russian-controlled city of Oleshky, which will begin on October 29.

"Both โ€‹nations agreed to temporarily stop all military โ€‹action in Oleshky to allow for humanitarian aid to enter and to prepare a civilian evacuation โ€‹through a designated safe passageway," โ€” a โ€‹White House statement said.

"Oleshky's remaining population is โ€‹comprised primarily of elderly residents โ€‹who โ urgently need medical attention, medicine, food, and clean water," โ€” Melania Trump said.


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๐Ÿ’ธ Musk Giving Tops $445 Million in Midterm Election Push for GOP

With a fresh infusion of cash to his super political action committee in the first two weeks of October, Elon Musk has now given more than $445 million in the current election cycle and become one of the biggest-ever contributors to such groups.

The worldโ€™s richest person put $77 million into America PAC, Federal Election Commission filings show, in an effort to elect Republicans in November midterm contests.

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๐Ÿค‘ OpenZeppelin Brings Confidential Balances and Transfers to Stellar

As part of an ongoing partnership with the Stellar Development Foundation, OpenZeppelin is delivering the next major addition to its Stellar library: Confidential Token contracts.

๐Ÿ’ธ OpenZeppelin's contracts already run as core infrastructure on Stellar with more than $1.7B in total value locked across the network.

๐Ÿ‘‰ Bringing confidential token primitives to the network extends that foundation into institutional and commercial applications. It gives regulated activity something it has largely gone without: the ability to transact without putting every balance and amount in public view.

๐Ÿ‘‰ The contracts are audited by OpenZeppelin and ready to be deployed on Stellar mainnet. They implement the ERC-7984 confidential token interface, aligning this work with the shared standard the Confidential Token Association is driving across ecosystems, with Stellar and OpenZeppelin among its members.

OpenZeppelin Contracts for Stellar v0.8 is live, introducing the Confidential Token. ๐Ÿš€

#Stellar

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โš”๏ธ The Pentagon is quietly building an elite new tech sabotage agency

The Pentagon has quietly created a secretive agency, the Technology Support Office (TSO), to develop cyberattacks, supply-chain sabotage and deception tactics aimed at slowing adversariesโ€™ military technology programs, particularly those of China.

Led by Deputy Defense Secretary Steve Feinberg, the agency could oversee more than $1.5 billion in classified contracts.

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โšก๏ธ๐Ÿค‘ Ascend and M1X Global Complete First Institutional Repo on Stellar Using USDM1 Secured Sovereign Bond

Ascend Markets, LLC, a wholly owned subsidiary of PSG Digital Labs, Inc. (โ€œAscendโ€)
, and M1X Global today announced the successful completion of the first institutional repurchase agreement (repo) on the Stellar network. ๐ŸŽ‰

โ—๏ธThe transaction utilized USDM1, a US dollar-denominated sovereign bond issued natively onchain and secured 1:1 by short-duration US Treasuries, and marks a milestone in bringing institutional secured financing onto the Stellar network, expanding the networkโ€™s established payments and transfer infrastructure into programmable repo markets.

๐Ÿ—“ Executed through Ascendโ€™s institutional credit facility using the Stellar networkโ€™s smart contracts, the repo included 72 consecutive programmatic hourly rolls between October 16 and 19, including overnight and weekend financing without manual intervention.

โšช๏ธThe transaction was priced at SOFR plus 10 basis points, equivalent to an annualized financing rate of 3.98%, with interest accruing daily, a 2% collateral haircut and a maximum loan-to-value ratio of 98%.

โšช๏ธThe repo concluded with repayment and return of USDM1 collateral, with all aspects of the closing process completing successfully. The trade is a demonstration of the capital efficiency of tokenized sovereign collateral and Ascendโ€™s support for the asset class.

The first completed institutional repo on the Stellar network establishes an operational foundation for additional institutional repo and secured financing activity. ๐Ÿš€

#Stellar

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