TLDR
Bitcoin invested the week of 19 to 24 October 2026 trading around the low$ 80,000 variety. The rate briefly came close to$ 85,000 before falling back. The majority of the week’s essential news originated from banks, regulators and blockchain networks.
Bitcoin ETF Flows Swing From Inflows to Outflows
United States area Bitcoin exchange-traded funds began the week with about $527 million in inflows on Monday, 19 October. BlackRock’s iShares Bitcoin Trust took in approximately $665 countless that, which balance out withdrawals from other funds.
Need reversed on Thursday, when the funds taped about $636 million in outflows. This came as innovation stocks and broader monetary markets deteriorated.
BlackRock Files for Bitcoin Fund With Downside Protection
BlackRock likewise applied for a proposed iShares Bitcoin Managed Protection ETF. The fund would utilize an alternatives technique connected to its existing Bitcoin trust to cushion some losses.
Gains would be topped, and the defense is not ensured. Financiers would quit some benefit in exchange for the cushion.
JPMorgan Brings JPM Coin to Ethereum
JPMorgan introduced its dollar-denominated JPM Coin deposit token on Ethereum. The token was currently offered on Coinbase’s Base network.
It is restricted to qualified institutional customers. The bank states it is developed for day-and-night payments, security transfers and settlement of tokenised possessions.
HSBC Launches RedCoin Stablecoin in Hong Kong
HSBC introduced RedCoin on Friday, a Hong Kong dollar-backed stablecoin accredited by regional regulators. It is targeted at retail users.
HSBC’s PayMe platform has more than 3.3 million users. They will slowly get to stablecoin transfers and payments at over 100,000 merchants.
United States Regulator Finalises GENIUS Act Rules
The Office of the Comptroller of the Currency settled guidelines to execute the GENIUS Act. They cover stablecoin reserves, redemptions, oversight and custody.
The structure works on 18 January 2027. It keeps limitations on straight paying interest to stablecoin holders.
Solana Completes Alpenglow Upgrade
Solana finished its Alpenglow agreement upgrade on 21 October. It changes the recognition system the network had actually utilized given that 2020.
Designer Anza states deal finality drops from about 12.8 seconds to 150 milliseconds. Real-world efficiency will still depend upon network conditions.
Ethereum Delays Glamsterdam Testnet Activation
Ethereum designers held off the scheduled activation of Glamsterdam on the Hoodi testnet on 22 October. The issue included how brand-new gas guidelines engage with existing wise agreements.
The Ethereum Foundation stated the hold-up impacts screening just, not the live network. It has actually not revealed a brand-new date.
Reserve Bank of Ireland Fines Coinbase Ireland
The Central Bank of Ireland revealed a EUR3.25 million charge versus Coinbase Ireland. It connects to previous failures in securing client funds and contracting out controls.
Coinbase stated no consumers lost funds. The regulator stated the charge still requires High Court verification.
Business Object to Tokenised Share Trading Plan
More listed business challenged a proposed trading platform from OKX and Intercontinental Exchange for tokenised shares. Reuters reported on 23 October that 22 companies had actually pulled out.
Microsoft and Alphabet are amongst the business that pulled out.
Discover more from PMN S.P.O.R.T.S - A PRIME MEDIA NETWORK BRAND
Subscribe to get the latest posts sent to your email.
