October’s crypto crash has reignited the “Wild West” narrative, but OKX and Standard Chartered are here to prove it’s not the case, OKX Europe’s Erald Ghoos said. Standard Chartered, a major global banking group, is deepening ties with cryptocurrency exchange OKX, becoming its institutional custodian in the European Economic Area (EEA). Standard Chartered and OKX launched a collateral mirroring program in the EEA, allowing local institutional clients to keep their crypto directly in Standard Chartered’s custody, OKX announced on Wednesday. The launch marks an expansion of a pilot initially launched in Dubai in April, aiming to enable institutions to keep their assets with a globally systemically important bank (G-SIB) while mirroring the balances into OKX for trading. Read more
The memecoin market lost almost 40% in a day before slightly rebounding, as top tokens like DOGE and SHIB remained deep in the red. The memecoin sector’s market capitalization fell to levels last seen in July, as meme-based tokens struggled to recover from losses incurred during the crypto market’s sharp crash on Friday. CoinMarketCap data showed that on Saturday, the memecoin sector dropped to a low of $44 billion, an almost 40% plunge from $72 billion the previous day. On Sunday, the memecoin market slightly recovered to $53 billion, a level last seen in July before a Solana-based memecoin frenzy ignited the sector’s late-summer rally. Over the last four months, the memecoin market cap has consistently remained above $60 billion, as meme-based tokens have maintained strong retail interest, fueled by Solana and BNB Chain. However, the recent plunge marked a shift in momentum. Read more
Despite recent all-time highs and volatility, search interest for “Bitcoin” on Google remained low as the crypto sentiment index returned to “fear.” Key takeaways: Bitcoin retail interest lags despite 2025 all-time highs. Declining spot demand shows a “shift into bearish conditions.” Read more
The Trump family’s crypto ventures have generated over $1 billion in profit, led by World Liberty Financial and memecoins including TRUMP and MELANIA. US President Donald Trump’s second term in office has coincided with an extraordinary increase in his personal wealth, much of it linked to a sprawling cryptocurrency empire built by the president and his family. According to a Financial Times investigation, Trump’s crypto ventures have generated more than $1 billion in pre-tax profit over the past year. Trump’s son, Eric, confirmed to the outlet that the family’s actual profits were “probably more.” At the center of this new fortune is World Liberty Financial, a crypto company founded by Trump’s sons and allies, which has sold billions of dollars in tokens and stablecoins. The project, whose website identifies President Donald Trump as “co-founder emeritus,” launched last year with plans for a crypto-lending app. Read more
SEC Chair Paul Atkins said the US is a decade behind on crypto and that building a regulatory framework to attract innovation is “job one” for the agency. During a recent event in Washington, DC, US Securities and Exchange Commission (SEC) Chair Paul Atkins said the United States is a decade behind in crypto and that addressing the issue is a priority for the regulator. During the DC Fintech Week event on Wednesday, Atkins said he thinks the United States is “probably 10 years behind” on cryptocurrency. “The crypto aspect is our job one,” he said. Atkins said the SEC aims to “build a strong framework to actually attract people back into the United States who may have fled.” The agency wants this framework to allow innovation to thrive. Read more
After acquiring NinjaTrader for $1.5 billion, Kraken expands its derivatives offerings in the US with a $100 million acquisition of Small Exchange. Cryptocurrency exchange Kraken has expanded its derivatives trading offering in its home jurisdiction through a new acquisition. Kraken acquired Small Exchange, a designated contract market maker (DCM), from the trading company IG Group for $100 million, the company announced on Thursday. With the DCM licensed by the US Commodity Futures Trading Commission (CFTC), the Small Exchange acquisition authorizes Kraken to build markets for exchange-listed derivatives in the US. Read more