Regulation
OCC finalizes its rule implementing the GENIUS Act for stablecoin issuers
The rule sets standards for reserves, redemption and risk management. It and the law take effect on January 18, 2027.
Trading Metrics
Stocks
Robinhood posts record $1.42 billion in revenue as crypto trading volumes fall
Crypto revenue fell 55% from a year earlier to $120 million, though it rose from $100 million in the second quarter. Net income fell 14%.
Regulation
Russia finalizes rules letting retail investors buy Bitcoin, ether, and USDT from November 17
Non-qualified investors will be capped at 300,000 rubles a year per intermediary and must pass a test. The Moscow Exchange plans to start crypto trading on December 1.
Crypto
Solana switches to Alpenglow consensus, aiming to cut finality to about 150 milliseconds
The upgrade replaced TowerBFT, the consensus protocol Solana had used since its 2020 launch. Anza's 150-millisecond figure is a design target; a Solana Foundation dashboard showed 6.6-second finality shortly after launch, Cointelegraph reported.
Bitcoin
Strategy buys 811 BTC for $65.5 million, lifting its holdings to 849,327 BTC
The purchase, funded by selling MSTR shares, came after a one-week pause. Strategy also bought back about $208 million of its STRC preferred stock.
Crypto
Tether and Circle freeze more than $2.5 billion in stablecoins tied to the Binance hack
Tether and Circle acted within hours of the October 29 theft. Ripple said it was freezing RLUSD as well, without giving an amount.
Crypto
Tether reports $1.5 billion third-quarter profit as its reserve buffer nearly doubles
Assets backing USDT exceeded liabilities by about $7.95 billion at the end of September, according to a BDO attestation. Treasury bills remain the core of the reserves.
Macro
US inflation rose to 3.7% in September as gasoline prices jumped
Consumer prices rose 0.6% in a month, with gasoline accounting for more than half of the increase. Core inflation was 2.6% over 12 months.
Macro
US employers add 165,000 jobs in October as the unemployment rate edges down to 4.1%
August and September were revised up by a combined 84,000, and average hourly earnings rose 0.4% in the month.