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More →Standard Chartered-led Anchorpoint says it’s not rushing retail stablecoin
The Standard Chartered and Animoca Brands joint venture previously targeted retail access as early as the end of 2026, but its CEO declined to reaffirm that timeline. Standard Chartered-backed stablecoin venture Anchorpoint says it will take a cautious approach to opening its Hong Kong dollar-backed stablecoin to retail users, declining to confirm a launch date after rival HSBC rolled out RedCoin, <a href="https://www.scmp.com/business/cryptocurrency/article/3372060/standard-chartered-led-anchorpoint-plans-retail-stablecoin-hsbc-redcoin-launches" rel="nofollow noopener" target="_blank">>according</a> to the South China Morning Post. The <a href="https://cointelegraph.com/news/standard-chartered-animoca-brands-hong-kong-stablecoin-license" target="_blank" rel="nofollow">venture</a> released its institutional stablecoin product in August and previously <a href="https://anchorpoint.hk/faqs/" rel="nofollow noopener" target="_blank">>indicated</a> a retail offering could arrive as early as the end of 2026. Anchorpoint CEO Dominic Maffei declined to confirm that timeline at a Friday press conference, saying the company would take a prudent approach. “We believe it’s important to build the market out in a long-term, sustainable manner,” Maffei said, adding that rushing a launch “does not make sense.” The update comes after <a href="https://cointelegraph.com/news/hsbc-launches-redcoin-hong-kong-dollar-stablecoin-payme" target="_blank" rel="nofollow">HSBC launched its Hong Kong dollar-backed RedCoin</a> on Friday for the 3.3 million users of its PayMe app. <a href="https://cointelegraph.com/news/standard-chartered-animoca-brands-hong-kong-stablecoin-license" target="_blank" rel="nofollow">Anchorpoint grew out of a partnership</a> between Standard Chartered, Animoca Brands and telecommunications provider HKT, which was announced in February 2025, following their joint participation in Hong Kong’s stablecoin issuer sandbox in July 2024. Animoca’s role is to bring its blockchain expertise and industry network to the venture and help develop uses for the stablecoin across the Web3 ecosystem. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/hashkey-begins-beta-distribution-of-hong-kong-regulated-hkdap-stablecoin" target="_blank" rel="nofollow"><em><strong>HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin</strong></em></a>
The Netherlands plans to use AI-driven reform to cut 25,000 civil service positions.
CoinWorld news: The Dutch government plans to cut 25,000 civil service positions through AI-driven efficiency reforms, aiming to achieve annual savings of 3.5 billion euros (approximately 3.9 billion US dollars). According to a statement released by the Dutch government on Monday, the central government plans to save 900 million euros annually by 2027, with that figure rising to 3.5 billion euros by 2035. This means that a total of approximately 25,000 positions will be cut over the coming years. The Dutch cabinet will present the relevant plans early next year, aimed at using artificial intelligence to improve work efficiency.
Musk: SpaceX buys AI chips with $40 billion in debt
CoinWorld news, Musk stated that SpaceX has successfully closed $40 billion in debt to purchase AI chips.
The focus of the Federal Reserve meeting shifts to how Warsh will send signals.
According to CoinWorld news, analysts say that if the Federal Reserve keeps interest rates unchanged this week, Fed Chair Warsh will face a familiar challenge: he must both convince investors that the Fed is committed to curbing inflation and explain why officials chose not to raise rates. The market expects policymakers to keep rates unchanged this week, with expectations now shifted to December, where it is widely believed the Fed is highly likely to deliver its second rate hike of the year in December. Stephen Stanley, chief economist at Santander U.S. Capital Markets, said: "I don't expect rates to change, but I do think they will raise rates again in December."
The Federal Reserve is expected to keep interest rates unchanged this week, while expectations of a December rate hike are rising.
According to CoinWorld news, the market widely expects the Federal Reserve to keep interest rates unchanged this week, but anticipates another rate hike in December. Fed Chair Kevin Warsh faces a communication challenge, needing to explain why it chose to pause rate hikes amid persistent inflationary pressure, which is mainly driven by energy prices and demand for AI infrastructure. The key point is that Warsh's communication could affect the trajectory of Treasury yields, the dollar, and tech stocks.
Evernorth Holdings has entered into an equity financing agreement with Cantor Fitzgerald and plans to issue 5.22 million Class A common shares.
According to a document filed by the U.S. Securities and Exchange Commission (SEC) on October 23, XRP treasury company Evernorth Holdings (XRPN) has entered into an equity financing agreement with CF Principal Investments, a subsidiary of Cantor Fitzgerald, planning to issue up to approximately 5.22 million shares of Class A common stock in stages. Based on the closing price on October 22, it is expected to raise up to approximately $80.7 million, with the funds to be used to purchase XRP, support the XRP ecosystem, and for general corporate operations. As of October 22, Evernorth had approximately 26.09 million shares of Class A common stock outstanding, and the potential new shares would represent approximately 20% of the existing share count. The company has not yet confirmed the actual issuance size or the amount of financing.
The long-to-short account ratio for ETH contracts is 3.34.
CoinWorld data: The ETHUSDT 4-hour long-short account ratio is 3.34, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.2651; compared with the same-caliber snapshot 7 days ago, it rose by 0.6223.
An oil tanker was attacked by an unidentified projectile in the Strait of Hormuz.
Jiemian News: [An oil tanker was attacked by an unidentified projectile in the Strait of Hormuz] Cailian Press, October 26 — The United Kingdom Maritime Trade Operations (UKMTO) said on the 26th that it had received a verified late report that at 08:39 UTC on October 23 (12:09 local time in the Strait of Hormuz on the 23rd), an oil tanker sailing toward the open sea was hit by an unidentified projectile in the Strait of Hormuz, leaving the vessel unable to operate. The report said the crew is currently safe, and no assessment report on the extent of the vessel's damage or environmental impact has yet been received. UKMTO reminded passing vessels to navigate with caution and to report any suspicious activity to the agency promptly. Authorities are currently investigating the incident. (CCTV News).
MEXC confirms it has not obtained MiCA authorization and is exiting the Dutch market.
Coin World News reports that the MEXC exchange has confirmed it does not hold authorization under the EU's MiCA framework and is gradually ceasing its services in the Netherlands. The exchange also stated that customers in Russia, Belarus, and 13 other prohibited regions are subject to related restrictions. According to the national restrictions guidance dated October 21, MEXC does not hold authorization within the EU and the European Economic Area. MEXC's exit is related to a warning issued by the Dutch Authority for the Financial Markets (AFM) on September 24, 2025, in which the regulator pointed out that MEXC was providing services to Dutch consumers without authorization. MEXC's final exit is scheduled for November 16, and affected customers will receive individual notifications explaining how to close their accounts and withdraw funds.
Bybit launched PREDICT pre-market perpetual contracts today.
Bybit today added a PREDICT (predictusdt) pre-market perpetual contract, supporting up to 5x leverage.