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“I presume these are sophisticated investors taking a profit.”

Daily active addresses averaged about 322,000 in the latest week, down 31% from mid-September, suggesting fewer people, and fewer of the trading bots they run, are using the chain each day.The drop is likely smaller in human terms than the raw number implies, since one trader can run many addresses and a single automated program can account for thousands of transactions.Robinhood Chain transactions have fallen 42%. (Shaurya Malwa/CoinDesk)Less trading, steady balancesSpot exchanges, where users buy and sell tokens directly, handled $7.45 billion during Oct. 2–8, down 21% from $9.46 billion the week before, according to CoinDesk calculations using DefiLlama. Uniswap,…

The rising probability of the Democratic Party taking control of both houses of Congress in the midterm elections poses a “meaningful” threat to risk appetite, said Michael Hartnett, Bank of America’s chief equity strategist.

Mutsamudu, Comoros, October 9th, 2026, Chainwire MEXC, a pioneer in 0-fee digital asset trading, and Payward, the parent company of Kraken, shared their perspectives on the convergence of crypto and traditional finance during a TOKEN2049 Singapore panel. MEXC CEO Vugar Usi Zade and Payward Co-CEO Arjun Sethi, discussed how broader market access, retail demand and collaboration between platforms could shape the future of global trading. Crypto and TradFi Move Closer Together An important theme was the shift toward more connected, always-on markets. Vugar said blockchain infrastructure is challenging traditional market structures built around fixed trading hours, while users increasingly expect…

“While Tether claims to operate out of El Salvador, the vast majority of its assets reside in the United States under your custodianship,” the Connecticut lawmaker wrote. “As Congress considers how to best regulate digital assets, your partnership with Tether will provide important insights into the inner workings of this industry.”One of the letter’s many requests: “Please describe all steps Cantor Fitzgerald has taken to investigate allegations that Tether’s stablecoin has been used in illicit finance and money laundering, including within Iran’s shadow banking network and for purposes of Russia sanctions evasion.”Neither Cantor Fitzgerald nor Tether immediately responded to requests…

Tallinn, Estonia, October 8th, 2026, Chainwire SaaS and eCommerce increased their combined share from 48.26% to 55.54%, while Trading moved from 14.07% to 13.15%. Businesses can build stablecoin infrastructure around the wrong problem. The mistake is treating stablecoins primarily as a coin-and-network decision. For a digital business, they may need to support a much broader set of operating workflows, including billing, checkout, settlement, payouts, and reconciliation. Which of those workflows matters most depends on the business model. New aggregated data from NOWPayments shows the industry mix shifting toward businesses that use payments as part of their day-to-day operations. Between January…

NEW YORK, NY, UNITED STATES, October 8, 2026 — Firms Directory, an online business discovery platform, is expanding its services with free promotional features designed to help businesses strengthen their online presence, share company news and improve their visibility within the directory. Available at FirmsDirectory.com, the platform organizes companies across 29 major industries and provides dedicated business profiles, company claiming and verification, free article links for verified users, and a daily homepage promotion feature. These tools are designed to give businesses additional opportunities to showcase their companies and bring attention to their latest announcements without requiring a paid promotional package.…

Payward, the parent company of crypto exchange Kraken, is in talks to become a crypto liquidity provider to U.S. financial giant Wells Fargo (WFC), according to two people with direct knowledge of the matter.Under the potential deal, Wyoming-based Payward would supply liquidity for trading in crypto assets, the people said, speaking on condition of anonymity because the matter is private.Talks are ongoing and may not result in a deal.Payward and Wells Fargo both declined to comment.Crypto exchanges often serve as gateways to digital asset liquidity for banks and institutional investors, providing access to trading venues and helping execute orders. For…

Risk comes in many forms, even with “safe” investments.

Elections attract global interest. So do inflation reports, commodity prices, private company valuations, and major corporate milestones. The crypto industry is now pursuing the idea that attention itself is economically valuable. If people care about any given development, there is probably demand for a market that reflects collective expectations about it.In effect, blockchain technology enables the transformation of observation into participation from anywhere in the world. Rather than simply watching events unfold, individuals can contribute to a market-based assessment of what those events are worth or how likely they are to occur.So there is an expansion of scope of what…