🪙 Debate Reignites Over Bitcoin’s Value Amid AI Rise
Recent discussions have resurfaced, suggesting Bitcoin could lose its value entirely, partly due to arguments that its energy-backed model is outdated in the era of AI. Critics argue AI generates more tangible value from energy usage than Bitcoin. However, similar predictions about Bitcoin’s demise have appeared during past price declines in 2018 and 2022. Experts note that AI and Bitcoin can coexist and grow in value, citing major technology firms holding Bitcoin assets. The comparison to the dot-com bubble highlights that believing in a technology’s future does not guarantee all related investments will succeed.
🪙 SBI, Startale, and BlackRock Collaborate on Integrating Yen-Backed Stablecoin with Money Market Fund
SBI Holdings, Startale Group, and BlackRock are collaborating to research the connection of a money market fund with JPYSC, a Japanese yen-backed stablecoin. The initiative aims to combine traditional financial assets with blockchain technology. The partners will study technological infrastructure, business models, distribution channels, and regulatory frameworks for deployment in Japan, with potential international expansion. BlackRock launched the BUIDL fund in 2024, focusing on US government bonds and cash equivalents, managing around $2.17 billion in assets. JPYSC stablecoin was introduced in June 2026, managed by SBI Shinsei Trust and distributed via SBI VC Trade exchange.
🏦 OCC Approves Ripple to Establish Federally Regulated Trust Bank for RLUSD
The US Office of the Comptroller of the Currency (OCC) has officially approved Ripple to set up a federally supervised trust bank. This bank will manage collateral assets for the RLUSD stablecoin and offer digital asset custody services to businesses. RLUSD has a market capitalization of approximately $2.6 billion and continues to be issued by Ripple's subsidiary, Standard Custody & Trust Company, under both state and federal oversight. The move has sparked debate, as some politicians and banking groups express concerns over crypto companies accessing banking systems without traditional bank requirements.
🏦 Hyperliquid Advances Toward US Market Through Partnership with Kraken’s Parent Company
Hyperliquid plans to have Payward, the parent company of the Kraken exchange, become the first entity regulated by the US Commodity Futures Trading Commission (CFTC) to open a market on Hyperliquid's HIP-3 system. This move could enable US users to legally trade perpetual futures contracts on Hyperliquid’s platform. The HIP-3 upgrade allows market operators to restrict participation to comply with regulatory requirements. Bitnomial, a Payward affiliate licensed by the CFTC, will open the market while NinjaTrader Clearing will manage customer accounts.
📊 Injective Launches AI Chip Rental Price Futures Market for Nvidia Hardware
Injective has introduced a futures market allowing traders to speculate on rental prices for Nvidia AI chips, offering up to 10x leverage. The new index, named SICI, tracks rental prices of five Nvidia chip models including H100, B200, H200, A100, and RTX 4090, updated hourly based on data from LO:TECH. This market aims to help AI companies hedge against rising chip rental costs and assist lessors in managing revenue risk amid financial concerns in the AI computing rental industry.
📈 US Crypto ETF Flows Show Gains for BTC and Losses for ETH on October 26
US exchange-traded funds saw varied flows across major cryptocurrencies on October 26. Bitcoin ETFs recorded an inflow of approximately $110.34 million, while Ethereum ETFs experienced outflows totaling $88.58 million. Other notable movements included a $8.23 million outflow from Solana ETFs, a $3.61 million reduction in XRP ETF holdings, and a $1.96 million inflow into Zcash ETFs. Several assets, such as LINK, BNB, and LTC, showed no net ETF flow changes on this date.
🔒 Electrum Wallet Patch Released After Security Flaw Enabled BTC Theft Via Fake Addresses
The Bitcoin Electrum wallet recently confirmed a security vulnerability allowing hackers to trick users into sending BTC to fraudulent addresses when increasing transaction fees. Since Electrum relies on external servers to check balances and transactions, attackers could provide fake details showing a recipient address similar to the legitimate one. Users who approved replacement transactions without careful verification risked sending coins to hackers. Electrum acknowledged at least two incidents and released version 4.8.3 to fix the issue. Users are advised to update and verify recipient addresses before signing transactions.