Top story: FNB launches crypto trading to 9M South African customers. At publication, Bitcoin was at $82,749 (-1.8% in 24h), Ether at $2,564.47 (-2.0% in 24h) and the total crypto market cap at $2.83 trillion (-4.4% in 24h).
First National Bank (FNB), South Africa's largest retail bank, launched 24/7 cryptocurrency trading through a partnership with VALR, enabling its 9 million customers to trade Bitcoin, Ethereum, XRP, Solana, and USDT starting from R10. The launch represents a major step toward mainstream crypto adoption in the region.
BitGo and HashKey Cloud expanded their existing partnership into a comprehensive Asia-Pacific offering covering validator services, custody, trading, and real-world asset tokenization. The broader arrangement aims to accelerate institutional blockchain adoption across the region.
The CFTC unveiled a new regulatory framework for crypto exchanges designed to prevent operational failures like FTX's 2022 collapse, with Chair Mike Selig stating it will impose stringent rules on operators. Full details of the rulemaking are still under development.
Bitcoin dropped below $84,000 on October 7, with Coinbase recording a low of $83,551 as traders liquidated $83 million in long positions over 24 hours. The decline marks the third unsuccessful breakout attempt in two weeks above the $85,000-$86,500 resistance level.
The US government transferred 833 Bitcoin and 40,285 BNB to Coinbase Prime deposit addresses Tuesday, representing the largest crypto holdings of any government according to Arkham. The transfers have sparked speculation about potential liquidation plans, though federal authorities have not confirmed any sale intentions.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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