Charles Schwab Plans to Introduce Prediction Markets With Cboe for Wagering on the S&P 500's Performance: WSJ

Visa has expanded its stablecoin settlement pilot to include networks like Arc, Base, Canton, Polygon, and Tempo, catering to various settlement requirements. This move complements Visa's existing support for Ethereum, Solana, Avalanche, and Stellar, enhancing its multi-chain settlement layer.

Securitize and Computershare are collaborating to tokenize securities, allowing companies to issue digital stock representations on-chain. Computershare, serving 58% of S&P 500 companies, will facilitate the distribution of Issuer-Sponsored Tokens alongside traditional securities. This move signifies a significant shift towards blockchain-based finance in traditional markets.

A long-term Ethereum investor who bought 10,000 ETH for $3,100 in 2015 recently moved their entire holding for the first time in nearly 11 years. Analysts suggest the move may not indicate an imminent sell, with potential reasons being key recovery or portfolio restructuring.

Belo, a digital wallet in Latin America, secured $14 million in a Series A round led by Tether. The company plans to expand into multiple countries and deepen its presence in Brazil, targeting freelancers and remote workers.

Mezo Prime is launching Enclaves, allowing institutions to earn yield on Bitcoin held in custody with Anchorage Digital Bank. Institutional interest in generating returns on Bitcoin is growing, with projects like Rootstock and Babylon enabling BTC to be used in lending and borrowing.

Counterfeit tokens like "HKDAP" and "HSBC" are already circulating in Hong Kong, exploiting the stablecoin regime before any licensed products are introduced. The HKMA granted stablecoin licenses to two groups under the Stablecoins Ordinance, with a launch expected during the fintech week in November.

Sam Bankman-Fried's bid for a new trial has been rejected by a federal judge, who dismissed claims of new witnesses and labeled the motion as part of a reputational rehabilitation effort. Bankman-Fried's conviction and sentence are under review by the federal appeals court in New York.

Robinhood's crypto revenue dropped 47% in Q1, causing shares to fall 8%, but the overall business remained steady. Despite missing revenue and earnings targets, the company repurchased $300 million in stock and plans to launch a prediction markets exchange in mid-2026.

Sze Man Yu Inos, also known as "Yuki," received a 71-month prison sentence for orchestrating a Bitcoin investment fraud targeting elderly victims in multiple states. Inos defrauded victims by falsely claiming to be from a wealthy Chinese family with success in Bitcoin investments, forging a federal judge's signature to facilitate her scheme.

Bitcoin 2027 will be held in Nashville, Tennessee, after two years in Las Vegas. The last Nashville conference in 2024 attracted 35,000 attendees and featured 444 speakers, including Donald Trump.