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TradFi
Traditional finance: listed stocks, preferred stock, brokerages. Every Le Coin piece tagged TradFi, newest first, Learning Hub dives included.
Markets
SoFi puts a bank deposit on-chain and says it is no stablecoin
SoFi's product terms describe SOFIE as a deposit liability of SoFi Bank and keep it apart from SOFID, the bank's payment stablecoin, a line the new federal stablecoin rule also draws.
Markets
Standard Chartered signs deal to fully own its crypto custodian
The bank will fold Zodia Custody into the business that safeguards securities for its institutional clients, pending regulatory approval. No price was disclosed.
Markets
Companies have bought nearly 136,000 bitcoin with high-yield shares, Fidelity says
Fidelity Digital Assets counts 135,979 bitcoin bought with money raised from a new kind of income stock. The model works only while bitcoin outruns the payouts.
Markets
Webull will let U.S. customers trade bitcoin contracts that never expire
Starting in November, the broker will offer leveraged, no-expiry crypto contracts listed and cleared by Kalshi, beginning with bitcoin.
Markets
Mastercard lets AI agents pay for services within a set budget
In early access, Agent Pay for Machines puts Mastercard's permission layer on top of an open web payment protocol, with settlement on Base and through BVNK.
Markets
Tokenized gold has grown fivefold to about $6 billion, industry body says
A World Gold Council and BCG report sizes digital gold at $45 billion to $55 billion today and calls a $700 billion figure latent demand, not a forecast.
Protocols & Policy
Microsoft, Alphabet and Goldman Sachs join objectors to tokenized stock copies
The ICE and OKX venue's Oct. 19 notice lists 16 companies refusing tokenized versions of their shares, up from nine four days earlier. All seven new names were on its planned menu.
Protocols & Policy
Germany's savings banks start rolling out crypto trading in their banking app
DekaBank's "Krypto – powered by Deka" puts five cryptocurrencies inside the Sparkasse app, rolling out bank by bank over the coming months at 0.99 euros an order.
Markets
JPMorgan's asset manager gives bitcoin a long-term forecast for the first time
The 2027 Long-Term Capital Market Assumptions add a bitcoin return forecast but keep it out of the main portfolio math, citing unstable correlations.
Markets
BlackRock files for a bitcoin ETF built to limit losses
A new iShares filing describes a fund that would buy and sell options on BlackRock's spot bitcoin ETF to cap both gains and losses; its fee, exchange and caps are not yet disclosed.
Protocols & Policy
Ramp seeks a crypto custody charter as bankers sue to block such charters
The spend-management company has applied to the OCC for a national trust bank. Community bankers want a judge to throw out the rule behind those charters.
Protocols & Policy
CFTC says CME's own volumes sink its suit over crypto perpetuals
CME is suing its regulator to have crypto perpetuals treated as swaps. The CFTC's reply says CME's crypto futures volumes rose after the policy, so CME has no injury to sue over.
Markets
Mesh partners with Visa to make wallet crypto spendable at checkout
Mesh says participating wallet apps will let users pay from crypto and stablecoin balances wherever Visa is accepted, with no card for the user to sign up for and nothing new for merchants to install.
Markets
Nine companies block tokenized copies of their shares before launch
The SEC's tokenized-stock exemption gives issuers 30 days to object, and the objection list at the ICE and OKX venue grew from one to nine in 11 days, the venue's notices show.
Markets
Strategy raises its preferred stock buyback to $3 billion, filing shows
Strategy's board added $1 billion to its preferred stock buyback after a third straight week of more than $175 million in STRC repurchases, its Oct. 19 filing shows, leaving $1.16 billion of room.
Markets
Higher deposit rates slow stablecoin growth, BIS paper finds
A BIS working paper finds stablecoin growth slows when US deposit rates rise, and that banks reprice more aggressively once the Fed's rate tops about 3%, ahead of the Fed's Oct. 27-28 meeting.
Markets
Schwab opens crypto accounts to all eligible retail clients
Schwab says every eligible retail client can now open a Schwab Crypto account, a day after its earnings release cited plans to expand digital assets; New York and Louisiana residents remain excluded.
Markets
Jack Henry plans to bring tokenized deposits to banks via Google's ledger
The core banking provider says it will be the first to integrate with Google Cloud Universal Ledger, giving community banks and credit unions a path to tokenized deposits. No launch date or client names were given.
Protocols & Policy
Japan's three megabanks finish a joint yen stablecoin payments test
SMBC, Mizuho and MUFG say a July trial confirmed that several banks can issue one yen stablecoin together and use it for cross-border company payments.
Markets
Cross River Bank adds Ripple's RLUSD stablecoin as a payment rail
Cross River says fintechs will reach Ripple's dollar stablecoin on the XRP Ledger through the same API they use for ACH, wires and real-time payments, though no availability date, volumes or fees were given.
Markets
Ripple Prime opens real-world-asset perpetual swaps to institutions, Virtu among clients
Ripple Prime, acting as principal, now offers swaps that reference Trade.xyz perpetual futures on Hyperliquid, traded around the clock with cross-margin and RLUSD collateral where available.
Markets
Mastercard and BVNK launch a single platform for fiat and stablecoins
The Global Money Platform puts fiat and stablecoin accounts, conversion, stablecoin-linked cards and bank payouts behind one API, after Mastercard's August acquisition of BVNK.
Markets
Tron Inc. sets up $200 million at-the-market stock sale with Clear Street
An 8-K accepted at 5:28 p.m. ET and a prospectus supplement at 5:30 p.m. ET let the TRX treasury company sell stock from time to time, mainly to buy more TRX.
Markets
Metaplanet sells zero-coupon converts to shrink its bitcoin-backed loan
A ¥52 billion Euro-yen bond would repay ¥23.6 billion of BTC-collateralized borrowing and fund buybacks under a new ¥60 billion program. U.S. investors are excluded.
Markets
Federated Hermes picks Prometheum broker-dealers to distribute tokenized funds
The plan routes custody, clearing and settlement through Prometheum's SEC-registered broker-dealer, but no fund or chain is named and the first product is targeted for Q1 2027.
Markets
Riot Platforms moves crypto custody from NYDIG to BitGo Bank
An 8-K filed at 4:30 p.m. ET says BitGo Bank & Trust will hold Riot's digital assets and cash under a one-year deal Riot can exit on 14 days' notice.
Markets
Bank-backed Qivalis says it won Dutch e-money licence for euro stablecoin
Qivalis said on Oct. 14 that De Nederlandsche Bank has authorised it as an electronic money institution, a step it needs to issue a bank-backed euro token. Qivalis says issuance is planned to begin within the next months, subject to MiCA requirements and publication of its white paper.
Markets
DriveWealth taps Ripple's RLUSD for settlement, starting in Europe
DriveWealth and Ripple said on Oct. 14 they are partnering on stablecoin settlement, payments and custody, while an equity-financing tie-up through Ripple Prime remains only under exploration.
Markets
Evernorth names Ripple, Kraken, Coinbase and BitGo to deploy XRP treasury
Evernorth said on Oct. 14 it will both accumulate and deploy from its 473 million XRP treasury with four institutional partners starting in the fourth quarter, subject to closing conditions and approvals.
Markets
Kraken parent Payward signs deal to buy Lithuania's Saldo Bank
Payward said Oct. 14 it signed a definitive agreement to acquire Saldo Finance Oy, owner of Lithuania-licensed Saldo Bank UAB. Closing is expected in 2027, subject to regulatory approvals; terms were not disclosed.
Markets
Binance adds BlackBerry, MongoDB, Penguin and Ultra VIX bStocks to spot and margin collateral
Four more ADGM-prospectus bStocks, BBB, MDBB, PENGB and UVXYB, opened for Spot and Convert trading at 8:00 a.m. ET on Oct. 14 and were added the same hour as Cross Margin and Portfolio Margin collateral, extending Binance’s Oct. 7 tokenized-securities wave.
Markets
Strive buys 2,822 bitcoin; warrant exercises expected to raise $369.2 million
In an 8-K filed Oct. 14, Strive said holders exercised all remaining PIPE traditional warrants for expected gross proceeds of $369.2 million, and that it bought 2,822 bitcoin at about $83,266 each, both from Oct. 12 through Oct. 13.
Markets
Cipher Digital prices $850 million zero-coupon convertible notes at 35% premium
Cipher Digital priced $850 million of 0.00% convertible senior notes due 2032 at an initial conversion price of about $15.31, a 35% premium, with settlement scheduled for Oct. 16, according to an 8-K filed Oct. 14.
Markets
BlackRock digital-asset ETFs draw $7.9 billion in third-quarter net inflows
BlackRock's Q3 earnings release, filed as an 8-K exhibit Oct. 14, shows digital-asset AUM rising to $79.6 billion from $48.8 billion, on $7.9 billion of net inflows and $22.9 billion of market gains, all in ETFs.
Markets
Wells Fargo helps form bank stablecoin venture as peers talk tokenized deposits
Wells Fargo said on its third-quarter call that it is establishing a new company with 20 other international financial institutions to issue stablecoins beginning in the first half of 2027, while Citi said stablecoins are 'a bit more clunky' than tokenized deposits.
Markets
BitMine says it holds 4.9% of all ether, 84% of it staked
BitMine's weekly filing puts its ether at 6,028,946 tokens, which it says is 4.9% of supply, with 5,067,309 staked, the same staked figure it has reported in each of its last nine weekly filings.
Protocols & Policy
Strategy says big-bank bitcoin adoption rose to 34% in its own index
Strategy's Bitcoin Banking Adoption Index, posted to its investor relations page on Oct. 12, scores 25 banks and puts Fidelity first at 77%. The company scores itself into the method: three of the 15 dimensions score lending against its MSTR stock and STRC preferred, or products built on STRC.
Protocols & Policy
Kraken says it has full market approval from Dubai's crypto regulator
Kraken's parent Payward says Dubai's Virtual Assets Regulatory Authority gave it Full Market Approval, and VARA's public register shows an active licence for Payward FZCO, issued Oct. 6, for two activities.
Markets
Citi cuts Securitize to neutral, raises target to $14, The Fly reports
Citi moved Securitize from Buy to Neutral on Oct. 13 and lifted its price target from $10 to $14, The Fly reports. Neither Citi nor Securitize has confirmed the change, and Le Coin has not seen the note.
Markets
Fidelity and ARK drove last week's $679 million bitcoin-fund outflow as BlackRock's fund ended flat, Farside data show
Two of the 12 US spot bitcoin ETFs accounted for 86.5% of last week's net outflow, according to Farside Investors' flow compilation, while BlackRock's fund took in $1.1 million net after swinging both ways.
Markets
Bybit starts selling real US shares for a dollar stablecoin through Alpaca, exchange says
Bybit says eligible users outside the US and the other jurisdictions excluded by the product terms can now buy more than 1,000 US stocks and ETFs with USDC, routed through a Mauritius-licensed broker and held at Alpaca in that broker's name.
Markets
ICE-backed venue details tokenized-stock trading as Samsung Wallet plans stablecoin transfers
A venue co-owned by NYSE's parent published its trading rules, Samsung set a late-October date for USDC transfers, and Securitize says its tokenized US stocks are live on Solana.
Protocols & Policy
DTCC says its tokenization service for a depository holding over $114 trillion is due this month
The Depository Trust & Clearing Corporation says its DTC subsidiary will launch tokens of the stocks, ETFs and Treasuries it holds in October 2026, under an SEC staff letter that limits the assets, the users and the term to three years from launch.
Markets
Standard Chartered starts custody of Ripple's dollar stablecoin and plans an LMAX collateral link, bank says
Standard Chartered says custody of Ripple's RLUSD is live through its Dubai branch and that it plans to let the tokens back trades at LMAX without leaving the bank, subject to documentation, testing and approvals, with no date given.
Markets
Securitize's new tokenized stocks are broker-held entitlements, by the company's own account
Securitize says its new tokenized stocks are security entitlements held at its broker-dealer; the terms come from the company's press release and product page, and no EDGAR filing describes them.
Markets
Figure's loan marketplace volume rose 20% in Q3, by its preliminary count. YLDS outstanding fell 9%.
Figure's preliminary numbers put Q3 marketplace volume at $5.119 billion, which it calls "the high end" of its guidance, while the balance of its yield-bearing YLDS certificates fell over the quarter; four days before those numbers, Figure filed a shelf registration with no size attached.
Markets
Strategy spent $176.3M buying back STRC last week, against $28.7M on bitcoin
The company added 334 BTC to reach 848,000, bought back its own preferred stock, and called a vote on daily dividends.
Morning brief · Tue. Oct. 20, 6:35 a.m. ET
Morning brief: JPMorgan's asset arm gives bitcoin a long-term forecast
JPMorgan’s asset manager gives bitcoin its first long-term return forecast.
Evening brief · Mon. Oct. 19, 6:18 p.m. ET
Evening brief: JPMorgan lists JPM Coin on Ethereum, Mesh and Visa plan wallet spending, bitcoin ends 0.36% above Friday
JPMorgan lists its JPM Coin deposit token as issued on Ethereum, not only Base.
Morning brief · Mon. Oct. 19, 8:01 a.m. ET
Morning brief: the CFTC's casino-style carve-out takes effect, SEC crypto-offering comments close Tuesday, and Cipher Digital closes $850 million of convertible notes
The CFTC’s casino-style carve-out takes effect today, and comments on it and the event-contract proposal are due Nov. 18.
Evening brief · Fri. Oct. 16, 4:36 p.m. ET
Evening brief: CFTC event-contract rules set for Monday, bitcoin slips 0.98%, Schwab opens crypto to all eligible clients
CFTC’s event-contract proposal and casino-style rule set for Monday’s Federal Register.
Evening brief · Thu. Oct. 15, 4:45 p.m. ET
Evening brief: PPI jumps 1.3%, bitcoin up 0.69%, stablecoin rails advance
Visa Direct moves USDC prefunding from pilot to production, with Inyo Global first.
Evening brief · Wed. Oct. 14, 4:29 p.m. ET
Evening brief: September CPI at +0.6% m/m sinks bitcoin 1.71% and crypto equities, Cipher prices its $850 million convert, and the EBA tags USDC as the EU's first significant e-money token
EBA classifies Circle’s USDC as the EU’s first significant e-money token under MiCA.
Evening brief · Mon. Oct. 12, 4:53 p.m. ET
Evening brief: Evernorth closes at $16.91 in its first Nasdaq session under its own name, and Strategy buys back $192 million of preferred stock
Evernorth closes its first Nasdaq session as Evernorth at $16.91 after touching $19.38.
Learning Hub · L2
Robinhood Chain
Robinhood Chain is an Ethereum layer-2 (L2) blockchain built by Robinhood Markets using Arbitrum technology.
Newest first.