Japanese Banking Giants Enter Stablecoins, Challenge USDT and USDC Dominance

Three of Japan’s largest banks, Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho, are launching stablecoins pegged to the Japanese yen and US dollar to challenge USDT and USDC dominance, with plans to issue 1 trillion yen worth ($6.64 billion) over three years as Japan’s crypto adoption doubled 120% year-over-year.
The post Japanese Banking Giants Enter Stablecoins, Challenge USDT and USDC Dominance appeared first on Cryptonews. …

Altcoin Season Index Near 25 With Red Screens: Reading October Market Collapse

Altcoin season has faced pressure with the index at 25 as Bitcoin has slipped. BNB has fallen on higher volume and negative funding; Sui and Solana have reset as activity has rotated. Traders have looked for calmer funding, tighter spreads, and a hold above VWAP until volatility has cooled.
The post Altcoin Season Index Near 25 With Red Screens: Reading October Market Collapse appeared first on Cryptonews. …

SEC Drowning in ETFtober Filings: 5+ Crypto Funds Hit Desk Amid Shutdown Gridlock – What’s the Fix?

Filings with the SEC around crypto ETFs have increased while reviews have paused. VanEck has filed for a stETH trust; ARK has added income and downside funds; issuers have proposed higher-leverage products under Rule 18f-4 scrutiny as ETF assets and inflows have continued.
The post SEC Drowning in ETFtober Filings: 5+ Crypto Funds Hit Desk Amid Shutdown Gridlock – What’s the Fix? appeared first on Cryptonews. …