US Crypto and Fintech Groups Call on CFPB to Preserve Open Banking
According to CoinDesk, organizations representing the crypto, fintech, and retail sectors in the US have jointly called on the CFPB (Consumer Financial Protection Bureau) to preserve open banking rules. The coalition, formed by organizations such as the Blockchain Association, Cryptocurrency Innovation Council, National Association of Convenience Stores, and National Retail Federation, warned that large banks’ attempts to charge fees for data access could disrupt the financial system’s integration with digital wallets and stablecoins. The groups stated that weakening Rule 1033 could cause the US to fall behind major economies such as the UK and Singapore in open banking.
According to BitcoinTreasuries data, Strategy (MSTR) board member Jarrod Patten purchased 23,780 shares on October 21 for $2.31 million. This transaction demonstrates continued management confidence in the company’s long-term Bitcoin strategy.
The Smarter Web Company Purchased 10 More Bitcoins
UK-based The Smarter Web Company acquired 10 more Bitcoins as part of its long-term Bitcoin reserve plan, bringing its total holdings to 2,660 BTC.
New Perpetual DEX from Solana Founder: “Percolator”
Solana Labs founder and CEO Anatoly Yakovenko announced plans for a new perpetual DEX (decentralized exchange) called “Percolator.” This protocol, which will run on Solana, aims for high transaction volume and low latency with its sharded architecture. Following the success of projects such as Hyperliquid and Astar, this step is seen as a significant expansion towards decentralizing futures trading in the Solana ecosystem.
BNB Chain and BPN Establish Global Payment Network with Multiple Stablecoins
BNB Chain announced that it will collaborate with Better Payment Network (BPN) to create a global payment infrastructure supported by on-chain liquidity and multiple stablecoins. Funded by a $50 million investment round managed by YZi Labs, the project aims to make programmable and real-time payment systems available globally.
Coinbase Acquires Crypto Investment Platform Echo for $375 Million
According to the Wall Street Journal, Coinbase is acquiring the on-chain private investment platform Echo for approximately $375 million in a combination of cash and stock. This deal will strengthen Coinbase’s presence in the tokenized investment products space for institutional and professional investors.
Circle Launches Partnership with DoraHacks BUIDL AI
Stablecoin giant Circle has joined the DoraHacks BUIDL AI program as a subscriber organization. This partnership will accelerate the integration of new developer incentive programs into the $USDC, Circle Wallet, and $ARC ecosystems. Circle aims to grow the open AI-based financial innovation space by supporting global developers.
PancakeSwap Joins Ondo Finance Global Markets Alliance
PancakeSwap has joined the Ondo Finance Global Markets Alliance, which aims to bring tokenized stocks and ETFs on-chain. The alliance includes industry giants such as Coingecko, Chainlink, 1inch, and Zodia Custody. PancakeSwap’s participation could help increase secondary market liquidity for tokenized assets within DeFi.
ETHShanghai 2025 Main Forum Starts October 22
The ETHShanghai 2025 conference, starting on October 22, will bring together more than 40 industry leaders, including Vitalik Buterin, Xiao Feng, Hsiao-Wei Wang, and Tomasz Stańczak. The forum will focus on Ethereum scaling, modular ecosystems, developer growth, and security.
SharpLink Purchased 19,271 More ETH
SharpLink ($SBET), traded on the US stock exchange, purchased 19,271 Ethereum at an average price of $3,892, increasing its total holdings to 859,853 ETH (approximately $3.5 billion). The company announced that it earned 5,671 ETH in rewards through its staking service launched this year.
Tether Invests in Africa-Based Payment Initiative Kotani Pay
Tether announced a strategic investment in Kotani Pay, an initiative connecting Web3 users in Africa to local payment infrastructures. This investment aims to facilitate access to digital assets for individuals and businesses in Africa and reduce barriers to participation in the global financial system.
