Tether's QVAC MedPsy AI Model Excels in Medical Benchmarks

Standard Chartered's forecast predicts Bitcoin and Ethereum will dip to $50,000 and $1,400 before rebounding to $100,000 and $4,000 by 2026. Despite recent market challenges, the bank believes digital assets are maturing and becoming more resilient.

Tether's USDT, the third-largest cryptocurrency by market cap, is predicted by a Bloomberg analyst to surpass Bitcoin and Ethereum soon. Stablecoins like USDT are increasingly used beyond trading, with a market cap growth of nearly 50% since January 2025.

A reservist in the Israel Defence Forces and a civilian have been indicted for "severe security offenses" after allegedly placing bets on prediction market Polymarket. Details of the case have been barred for publication under a court-issued gag order, with the Defense Ministry, Shin Bet, and Israel Police publishing a statement noting that the authorities view the alleged acts with "the utmost severity."

Michael Terpin, CEO of Transform Ventures, believes the crypto market is following historical patterns, cautioning against premature optimism about Bitcoin's bottom and suggesting a potential revisit to $50,000s or $40,000s. The halving mechanism, reducing new coin supply, historically precedes major bull markets.

Agant has obtained registration as a cryptoasset business with the U.K.'s FCA to introduce a pound-denominated stablecoin, GBPA, designed for institutional use. The company aims to integrate the token with traditional financial infrastructure while leveraging blockchain-based programmability and settlement efficiency.

Binance has successfully converted its Secure Asset Fund for Users (SAFU) entirely into bitcoin, completing a $1 billion transition from stablecoin reserves. The fund now holds 15,000 BTC valued at approximately $1.005 billion, with a pledge to replenish if its value drops below $800 million.

Ethereum has reached a new milestone with over 30% of its circulating token supply now staked, totaling $72 billion. Despite a recent price plunge, investors continue to queue up $8 billion worth of tokens for staking, setting a record high.

Binance Co-CEO Richard Teng clarified that the crypto market liquidation event on Oct. 10 was not caused by Binance, but rather by external factors such as China's rare earth metal controls and U.S. tariffs. Despite the $19 billion liquidation, Binance supported affected users and saw no significant withdrawals.

World Liberty Markets, a lending platform linked to the Trump-family-associated crypto project, has quickly amassed hundreds of millions in deposits. The project's co-founder, Zak Folkman, announced the upcoming launch of World Swap, a foreign exchange platform, at Consensus Hong Kong.

The American Bankers Association has urged the Office of the Comptroller of the Currency to slow down the approval process for crypto charter applications due to undefined regulatory frameworks. The ABA emphasized the need for robust safety standards and expressed concerns about potential risks to the financial system.