- Ripple National Trust Bank wins final OCC approval to support RLUSD and custody.
- Canada’s draft stablecoin rules cap redemption fees at 1% and ban yield payouts.
- Lookonchain data shows miner MARA Holdings sold 1,000 BTC, worth $80.19 million.
The global crypto market cap rose 1.6% to $2.779 trillion over the past 24 hours. Bitcoin traded at $79,697.78, up 0.2% on the day but down 2.5% over the past week. Ethereum changed hands at $2,311.06, up 0.4% in 24 hours and down 3.6% over seven days. BNB rose 0.5% to $738.09, up 1.3% weekly. XRP gained 1.2% to $1.30, down 0.3% over the week. Solana slipped 0.5% to $100.02, down 4.8% over seven days.
CoinGlass data showed $196 million in liquidations over 24 hours, with longs at $128 million and shorts at $67.5703 million. SoSoValue data showed the AI sector up 7.71%, led by a 252.24% jump in Quack AI.
Trending Searches
Bitcoin led trending searches, up 0.1% to $79,753.79, followed by Quack AI, which surged 256.2% to $0.1988. XRP rose 0.7% to $1.30, USD.AI climbed 18.6% to $0.05109 and Lighter fell 5.2% to $2.98. Quack AI also topped the gainers list. Infinity Ground rose 93.8% to $0.07495 and Doodles gained 67.6% to $0.002346. BULLA added 63.9% to $0.1492, while Pocket Network rose 63.0% to $0.01187.
Banking Charters and Stablecoin Rules
Ripple CEO Brad Garlinghouse said the OCC granted final approval to Ripple National Trust Bank. The charter gives Ripple a federally regulated platform for RLUSD and enterprise digital asset custody.
Canada published draft stablecoin regulations barring issuers from paying yield, directly or through third parties, while allowing usage-based rewards. Non-bank issuers must hold reserves at least equal to circulating supply and complete redemptions within three business days. Redemption fees are capped at 1%. The consultation runs until December 23, and the rules are set to take effect in fall 2027.
Prediction Markets and Derivatives
The NBA named Kalshi and Polymarket its preferred prediction market exchanges. Both platforms receive league IP rights, US marketing rights and official Sportradar data. The league also signed a memorandum of understanding with the CFTC that bars league and team personnel from trading NBA event contracts.
CFTC Chairman Mike Selig said the agency is advancing a voluntary federal registration path for crypto exchanges while Congress has yet to act. Hyperliquid said Kraken parent Payward plans to become the first CFTC-regulated deployer of its permissioned HIP-3* perpetual markets for US customers.
Tokenization and Institutional Moves
BlackRock signed a memorandum of understanding with SBI Holdings and Startale Group. The three will explore linking tokenized money market funds with the JPYSC yen stablecoin. Aviva Investors launched a tokenized share class of its sterling liquidity fund on the XRP Ledger, with Aviva investing £50 million.
Corporate Bitcoin and Whale Flows
Related: Ripple Targets Round-the-Clock Corporate Finance With New AI Tools
SoSoValue said public companies bought a net $510 million of Bitcoin last week, driven by Strive’s purchase of 6,182 BTC. Strategy and Metaplanet made no additions over the same period.
Lookonchain said MARA Holdings sold 1,000 BTC, worth $80.19 million. Two whales dormant for three years deposited 2,571 BTC, worth $206.52 million, to Coinbase Prime.
ETF Flows
SoSoValue data showed spot SOL ETFs losing $8.2287 million on October 26, with Bitwise’s BSOL accounting for $7.2212 million. XRP spot ETFs shed $3.6101 million, all from the Bitwise XRP ETF, and HYPE ETFs lost $4.2984 million.
Macro Outlook
Wintermute said Bitcoin fell for a third straight week, down 2.43%, and expects Wednesday’s FOMC meeting to set the direction of the next breakout. The firm named $76,000 as the next support if $80,000 fails. US stocks closed higher, with the Nasdaq up 0.91%, but crypto-linked shares lagged. Circle fell 6.92%, BitMine dropped 6.14% and Strategy lost 4.11%.
Related: McDonald’s McRib Returns: Can Crypto’s Wildest Meme Move Bitcoin?
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