Browsing: Market Updates

VanEck has requested the withdrawal of its proposed Lido Staked Ethereum ETF with the SEC, canceling plans for a fund that would track stETH price performance without public shares ever being issued.

BingX EU has secured a MiCA license from Austria’s Financial Market Authority, clearing the path for regulated cryptocurrency services across the European Economic Area.

Ethereum stays near the $2,500 mark as it tests a key accumulation area and its Weekly 200MA/EMA. Technical indicators show neutral-to-soft bearish momentum with sellers maintaining a mild advantage.

Ripple and Meritz Securities have formed a strategic alliance to investigate institutional digital asset custody and tokenization infrastructure for South Korea’s capital markets under current regulatory frameworks.

Standard Chartered has launched an institutional-grade RLUSD custody service on the XRP Ledger through its DIFC branch, while partnering with Ripple and LMAX Group for a future collateral integration.

Kraken is preparing to launch in the United Arab Emirates after its parent company, Payward, received Full Market Approval from Dubai’s Virtual Assets Regulatory Authority (VARA). VARA’s public register shows that Payward’s licence was issued on October 6, 2026, authorizing it to serve institutional, qualified and retail investors. Payward publicly

The Sui Foundation is investing $30 million in DATA Network as the AI data protocol prepares to move to the Sui blockchain and retire its independent network. The investment will make Sui Foundation DATA Network’s largest institutional holder, according to an announcement on October 12, 2026. The partnership also brings

Polygon Labs has integrated TRON into its Open Money Stack to enable enterprises to handle USDT deposits, wallets, cross-chain transfers, and payouts through a single integration linking to traditional financial rails.

Bitcoin fell about 2% to $84,035, slipping below the $85,000 threshold as upward momentum faded and long liquidations hit $500 million. A critical retest of the bull market support band now approaches for the cryptocurrency.

Coinbase has completed its integration of Deribit, launching Coinbase Global Exchange to unify spot, perpetuals, futures, and options into a single trading infrastructure linked to over $30 billion in Bitcoin options open interest.