Hyperliquid said Kraken, through parent Payward, is its intended first CFTC-regulated HIP-3 deployer, which would let eligible US clients trade its on-chain perpetual swaps, though regulatory approval is still needed. Ripple received final OCC approval for Ripple National Trust Bank, with approved activities including managing the segregated reserves backing RLUSD; conditional approval had been granted in December 2025. The segment also covers the NBA's deals with Kalshi and Polymarket, Binance's plans in Brazil, and BlackRock's plans related to the yen.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
cryptoXRPstablecoinsregulation
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XRP/USDT
▲ Likely positiveXRP
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $82.0B |
| Close on 10/26/2026 | 1.30920 |
| Change that session | +1.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Ripple Wins Final OCC Approval for Trust Bank Behind $2.6B RLUSD Stablecoin
The OCC has granted Ripple final approval to open Ripple National Trust Bank, 10 months after conditionally approving the charter in December 2025. The bank will manage the reserves backing the RLUSD stablecoin, act as collateral trustee for holders, and offer fiduciary digital asset custody to enterprises. RLUSD will still be issued by Standard Custody & Trust Company, which is regulated by the New York DFS, so the stablecoin will fall under both state and federal supervision. The approval comes as community banks challenge the OCC's crypto charters in court, and Sen. Elizabeth Warren has called the charters illegal. According to CoinGecko, RLUSD has a market capitalization of about $2.6 billion.
- Ripple wins final US approval for national trust bank
Ripple has received final approval from the US Office of the Comptroller of the Currency (OCC) for Ripple National Trust Bank (RNTB), completing a chartering process that began with conditional approval in December 2025. The trust bank can manage reserves backing the RLUSD stablecoin, act as collateral trustee for RLUSD holders and provide digital asset custody, while RLUSD will continue to be issued by Standard Custody & Trust Company. Ripple CEO Brad Garlinghouse said crypto and banks work better together. Circle secured final OCC approval in July, while Coinbase, Crypto.com and Bridge remain at the conditional approval stage. According to the OCC, most national trust banks do not accept deposits or make loans and do not carry FDIC insurance.
- Robinhood Taps Ripple's Stablecoin, Treasury Software and Trading Loans
Ripple's RLUSD stablecoin went live on Robinhood Chain and the Bitstamp exchange and is expected to reach the main Robinhood app later this year. Robinhood will use Ripple Treasury to run its global cash operations and RLUSD on the XRP Ledger for institutional settlement at Bitstamp. Ripple Prime already provides Bitstamp with lending across roughly 20 digital assets, and Ripple paid $1.25 billion for the firm, formerly called Hidden Road. RLUSD launched in 2024 and has a market capitalization that tops $2.5 billion. Robinhood, with 28.6 million funded customers, pared back its crypto listings during the SEC crackdown on Ripple and other companies, and its crypto transaction revenue fell 34% in the first quarter to $134 million.
- Ripple, Robinhood expand partnership to bring RLUSD to retail and institutional markets
Ripple and Robinhood have expanded their partnership to bring the RLUSD stablecoin to Robinhood's retail and institutional businesses, with integrations in treasury management, lending and trading. RLUSD is already available on Robinhood Chain and Bitstamp by Robinhood, with a launch in the Robinhood app planned for later this year, and Robinhood will also adopt Ripple Treasury for its global cash operations. Ripple also expanded its partnership with BNY to support custody of XRP and RLUSD, and partnered with C2FO to bring its Instant Pay service onto the XRP Ledger using RLUSD, with first transactions expected by year-end. According to DeFiLlama, RLUSD, launched in 2024, has a market capitalization of $2.57 billion, with nearly $1 billion issued on the XRP Ledger. The announcements followed Ripple's final approval from the US Office of the Comptroller of the Currency to establish a national trust bank, which will manage reserves backing RLUSD.
- Better Buy: Solana vs. XRP
The article compares XRP and Solana, two cryptocurrencies running on high-throughput blockchains after a recent rebound. XRP, the fifth-largest cryptocurrency with a market cap of nearly $82 billion, is tied to Ripple's activity and its RLUSD stablecoin, and is said to natively scale to 1,500 TPS, though critics question its decentralization. Solana, the seventh-largest with a $61 billion market cap, is described as the fastest major blockchain, surpassing 100,000 TPS in a network stress test, and has over $16 billion in circulating stablecoin supply. The author does not consider either a poor investment, but gives Solana the edge for its greater network activity, higher TPS and stronger stablecoin position.
- Is Stripe's New Stablecoin Card a Major Threat to XRP?
On October 15, Stripe and partner Plasma announced plans to develop payment cards for spending stablecoins in five currencies, slated for more than 100 countries in 2027. The article argues the card addresses a different need than XRP's bridge-currency role: Stripe serves individuals and card issuers, while XRP is mainly relevant to institutions moving large sums between thinly traded currency pairs. Ripple's current cross-border options list RLUSD, USDC, USDT and fiat currencies without mentioning XRP, and the XRP Ledger collected just $1.6 million in fees in the 30 days ended October 21. The author concludes the Stripe card is the least of XRP's problems, as there is little evidence the coin is widely used as a bridge currency.
Related markets
Latest news
- Investing $1,000 in Each of These 3 Stocks 20 Years Ago Would Have Created a Portfolio Worth $674,000 Today
The article calculates that a $1,000 investment in each of Nvidia, Netflix and Amazon 20 years ago would be worth about $674,000 combined as of October 26. Nvidia's stake would be worth about $383,000, with most gains coming in the past couple of years as generative AI took off; the chipmaker's operating profit totaled nearly $200 billion over the past four quarters, its market cap is around $5.3 trillion, and it trades at 28 times trailing earnings. Netflix's stake would be worth more than $161,000, but its stock has fallen this year on concerns about slowing growth and is trading near its 52-week low. Amazon's stake would be worth about $130,000, and its operating income last year reached $80 billion, more than six times the $12 billion of three years earlier; the stock trades at around 20 times trailing earnings. The author argues these growth stocks can still be good buys today.
- Western Digital, Allegro MicroSystems, Amtech, and Teradyne shares skyrocket, what you need to know
Several semiconductor stocks rose sharply in the afternoon session after Broadcom obtained $63 billion in bank financing to develop proprietary AI chips for Anthropic. Alongside Anthropic's IPO filing and Meta's equity offering, the news signaled that tech capital spending remains robust. Among the gainers, Western Digital (WDC) rose 8.1%, Allegro MicroSystems (ALGM) gained 6.4%, Amtech (ASYS) added 5.1% and Teradyne (TER) climbed 5.6%. The article notes WDC has had 79 moves greater than 5% over the past year, and about 22 hours earlier the stock had gained 5.2% after Bank of America projected memory chip supplies would stay tight through 2028. Citing CNBC, the article says semiconductor fabrication equipment spending is projected to exceed $200 billion in 2027, as demand outpaces clean-room capacity and the availability of critical parts.
- Why Cerebras Systems Stock Jumped on Tuesday
Cerebras Systems (CBRS) shares rose sharply on Tuesday, climbing as much as 11.2% intraday and closing up 10.1%, after the company announced its fast inference service would be available to Oracle Cloud Infrastructure (OCI) customers. Cerebras says its Wafer-Scale Engine packs 900,000 compute cores and is 58 times larger than Nvidia's Blackwell B200 chip, and that integrating compute and memory on one wafer reduces latency, a key issue for AI agent workflows. In the second quarter, its cloud revenue surged 287% to a record $128 million and total revenue rose 103% to $210 million, though losses continue to mount as it expands data center capacity. The article notes the technology is still finding its customer base and that Cerebras competes directly with Nvidia. At 39 times sales, the article says its valuation reflects considerable growth expectations.
- Billionaire Stanley Druckenmiller Added to Revolution Medicines Before Its FDA Win. Is the Stock Still a Buy After a 134% Run?
Duquesne Family Office, led by billionaire Stanley Druckenmiller, increased its Revolution Medicines stake by 26.5% in the second quarter, before the company's Rasonque won U.S. approval in August for certain pancreatic cancer patients. In a Phase 3 study, Rasonque achieved median overall survival of 13.2 months versus 6.7 months for chemotherapy, and some estimates project it could generate $15.1 billion in revenue by 2034 from pancreatic cancer alone. Some estimates put the number of U.S. patients diagnosed annually with metastatic pancreatic cancer at 55,000, with about 19,000 moving on to second-line treatment; assuming a roughly 30% net discount, the opportunity is nearly $3 billion a year. With a market cap of about $40 billion that has fallen since approval, the author says that at a 12% required rate of return and a forward price-to-sales ratio of 4 by 2031, revenue would need to reach $17.62 billion in 2032 to justify the current valuation. The author says they would seriously consider investing if the market cap falls by another $5 billion, citing clinical, regulatory and biotech volatility risks.
- Why Tech Giants Keep Laying Off Staff
On October 26, Microsoft said it is offering about 60,000 employees voluntary departure packages with severance, equal to more than 25% of its global workforce, as it seeks to cut costs and redirect funds to AI investment. Other companies have made big cuts this year, including Meta's 10% reduction (about 8,000 people) and Block's 40% cut (over 4,000 employees), and Layoffs.fyi counts more than 135,000 tech job cuts so far. The article says companies are prioritizing spending on AI chips and data centers and believe they can operate with fewer staff, although some reductions mainly correct earlier over-hiring. However, analysts warn that mass layoffs can hurt morale and push talented workers to leave, while humans are still needed to design business models, serve customers and ensure AI tools are used safely. The layoffs also reinforce fears that AI will destroy jobs, which could fuel opposition to data centers and the technology itself.
- JPM's Agather & Herbst on Texas Wealth Wave
Elaine Agather, Global Vice Chair of J.P. Morgan Private Bank and Dallas Region Chairman of JPMorgan Chase, and Ashley Herbst, Managing Director and Head of Dallas for J.P. Morgan Private Bank, speak with Bloomberg's Joe Lovinger about capital inflows, generational wealth transfer and Texas' changing investment landscape. The discussion takes place at Bloomberg Invest Dallas 2026.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.