Odaily reports that Sweden's central bank (Riksbank) has recommended that lawmakers prepare relevant legislation for the possible launch of a digital krona, citing reasons including the European Central Bank's (ECB) advancement of the digital euro and the increasing use of foreign currency stablecoins. In a letter to the parliament's finance committee on October 7, the bank stated that the ECB plans to conduct a digital euro pilot in 2027 and may launch it to the public in 2029.
The Riksbank pointed out that if the payment system lacks a digital version of the national currency, its competitiveness could be affected. The bank believes that foreign currency stablecoins, such as those pegged to the US dollar, being widely used for payments within Sweden could put pressure on the use of the Swedish krona, though short-term risks are limited. The Riksbank estimates that launching the digital krona will take at least five years, not including the time required for legislative changes. (Cointelegraph)
Odaily News: The Brazilian Securities Commission (CVM) has issued Resolution No. 249, launching a tokenized securities pilot program to test the simulation of stock trading and securities issuance, operation, and management on blockchain networks. The project will be conducted in a controlled environment, using stocks and funds that are specially created simulated assets, with no real financial risk involved.
The project will compare the advantages and disadvantages of public chains versus private chains for securities business, and assess risks including cybersecurity, smart contracts, interoperability, and network resilience. Blockchain networks participating in the pilot must encode market rules into smart contracts, ensure privacy in securities operations, and remain subject to regulatory audits.
The CVM will also use AI tools to assist with market monitoring. Brazil's largest stock exchange, B3, is building a tokenization platform, planned for launch in 2027, which will use a proprietary stablecoin. Initially, it will not offer 24/7 trading and will integrate liquidity pools from both digital assets and traditional markets. (Bitcoin.com News)
Odaily News - Financial services company Charles Schwab has completed the rollout of direct Bitcoin and Ethereum trading for eligible retail clients. The company manages approximately $13.33 trillion in client assets and has 40.3 million active brokerage accounts.
Charles Schwab CEO Rick Wurster stated that the company is gradually rolling out cryptocurrency deposit and withdrawal functionality, and plans to add trading for Solana, Avalanche, and Chainlink by the end of 2026. Currently, transfers support the Bitcoin network and the Ethereum network, and withdrawal addresses must be pre-registered.
Schwab Crypto charges a 0.75% trading fee, with a minimum transaction amount of $1 and a maximum of $2 million. Rick Wurster stated that cryptocurrency trading will become one of the new transaction-based revenue streams; the platform is currently not available in New York State, Louisiana, U.S. territories, or international markets. (Bitcoin.com News)
Odaily: According to market sources, BInance.US is seeking $100 million in funding to expand its crypto business.
Odaily reports that Coinbase Assets announced that, based on a recent asset review, Coinbase will suspend trading of Neon EVM (NEON) and Syndicate (SYND) at around 3:00 AM Beijing Time on November 17, 2026.
Odaily reports that the crypto market is caught in a tug-of-war between bulls and bears: on one hand, digital asset analysts remain bullish; on the other hand, the speculative market as a whole is turning defensive, with risk appetite under continued pressure. Bitcoin briefly fell below $80,000 for the first time in nearly a month. Dragged down by the sell-off in the U.S. stock market's AI sector, risk assets broadly retreated, and the bullish sentiment the crypto market had previously attempted to rebuild was once again undermined.
Jeff Anderson, head of STS Digital's U.S. division, said inflation data will "deal a severe blow to risk appetite," while the market is entering a quiet period ahead of the Federal Reserve's policy meeting, with rate expectations still shrouded in uncertainty. Nick Forster, founder of Derive.xyz, said that over the past 24 hours, the market-implied probability of Bitcoin reaching $100,000 by Christmas dropped 2.8 percentage points to 9.7%. He noted that the rapid retreat of long-term bullish bets and the surge in short-term hedging demand indicate that institutional participants are rapidly reassessing macro risk exposure as the interest rate outlook once again becomes murky. (Bloomberg)
Odaily reports: Uniform Labs, the developer of tokenized asset settlement platform Multiliquid, has raised a cumulative $8 million across seed and pre-seed funding rounds, with the latest seed round led by Polychain and participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures, among others. Multiliquid enables institutions to convert between tokenized assets and stablecoins through single atomic transactions, and is currently deployed on Ethereum and Solana. The platform operates on a non-custodial model and supports net asset value (NAV)-based conversion settlement. The funding will be used to expand the protocol's R&D team, bring in liquidity and trading platform partners, and expand tokenized cash and U.S. Treasury products on Ethereum Virtual Machine (EVM) networks and Solana. (The Block)
Odaily reports: Patrick Collison posted on X that more than a year after Privy joined Stripe, its wallet asset scale has grown to about 25 times its previous level, its number of monthly active developers has grown about 3 times, and its revenue has grown about 9 times. It currently facilitates nearly $25 billion in transactions per month. Companies such as Ramp, Deel, Klarna, and Hyperliquid are building embedded banking features based on Privy. Stripe is integrating Privy into Treasury, Link, and Connect, and plans to launch a Link balance feature. Privy's wallet infrastructure already supports AI agents in conducting transactions and earning income. Stripe, together with Privy, Bridge, and other businesses, is building a unified API to support holding stablecoin balances and earning yield, fiat funding inflows and outflows, and arranging spending through bank cards.
Odaily News: Nvidia CEO Jensen Huang stated that data center operator CoreWeave's financial condition is improving. Nvidia is CoreWeave's computing equipment supplier. Speaking at an event in Stockholm, Huang said: "CoreWeave's strength is growing every day." He believes there is no need for Nvidia to provide financial guarantees for CoreWeave. "I am optimistic. In fact, their cost of capital is declining."
Previously, confidence in CoreWeave in the credit market had deteriorated, with concerns that its default risk was rising, and Huang is seeking to restore market confidence in the company. CoreWeave is an important case for testing the sustainability of the business models of emerging AI infrastructure companies. These companies have emerged to meet what companies like Nvidia describe as nearly unlimited growth in AI computing demand. Companies such as CoreWeave have borrowed heavily with the support of suppliers including Nvidia, raising market concerns about circular financing creating artificial demand.
Odaily reports that Bitcoin News posted on X that Lewis Barber has filed a lawsuit in the London Commercial Court against BitMEX operator HDR Global Trading, claiming 324.8 BTC, worth approximately $27.2 million. The lawsuit concerns 1,053 losing perpetual contract trades between 2018 and 2022, arguing that HDR Global Trading was not authorized by the UK Financial Conduct Authority (FCA) to provide UK derivatives services, and therefore the related trades should not be enforceable. BitMEX said the lawsuit has been filed but has not yet been served; the exchange closed in September.
Odaily reports that Fox Business crypto journalist posted on X platform that Jonathan Gould, head of the U.S. Office of the Comptroller of the Currency, stated that the OCC's final rule implementing the GENIUS Act is expected to be released "very soon," no later than the end of October. Jonathan Gould made these remarks at the Milken Institute's "Building the New Digital Economy" event, which was held alongside DC Fintech Week.
Odaily reports that SIONG posted on X platform stating that Jupiter Labs has launched an experimental high-leverage trading product YOLO, supporting 500x to 1000x leverage. The product draws on the JLP model, simulating positions based on real market prices, but profit and loss actually occur without the need to execute leveraged positions of corresponding scale in the market. YOLO's profits are paid out from a liquidity pool; if the pool's liquidity is insufficient, related payments may be queued rather than settled instantly. SIONG stated that this model differs from traditional perpetual contracts and has its own risks and limitations. YOLO is currently still in its early stages, and the product was launched to provide experimental space for new financial products and trading experiences, with inspiration from PaperTrade.
Odaily reports that according to Gate data, Brent crude oil (XBRUSD) briefly rebounded to $108/barrel and is now trading at $108.09/barrel, down 0.7% in 24 hours.
Odaily News: Crypto.com has launched its prediction market platform Predict Pro for U.S. users on its exchange. The platform connects to OG.com Markets, an exchange and clearinghouse registered with the U.S. Commodity Futures Trading Commission (CFTC), offering real-time order book depth, probability charts, and multiple order types, and supports combining 2 to 20 event predictions from different markets into a single trade. (The Block)
Odaily reports that predict.fun posted on X platform stating that during the Predict the Worlds event, users have the opportunity to obtain special blind boxes. Unlike regular blind boxes, special blind boxes will provide fixed amounts of USDT rewards based on the items they represent.
