Kraken parent Payward has secured Dubai's final regulatory approval ahead of the exchange's planned UAE launch in the coming weeks.
Kraken plans to offer AED-denominated spot and margin trading, staking, xStocks, and Krak transfers, alongside institutional OTC spot trading and Kraken Prime. Crypto derivatives remain subject to further approval.
Standard Chartered launches RLUSD custody service amid sharp rise in ledger activity
Standard Chartered launches an institutional custody service for Ripple’s RLUSD stablecoin on the XRP Ledger. The bank has expanded its partnership with Ripple and LMAX Group to support institutional trading and collateral management. This will make RLUSD eligible collateral for cleared trading products and services.
Ukraine imposes sanctions on five crypto platforms
Ukraine has imposed sanctions on five cryptocurrency platforms: RAPIRA, ABCEX, Aifory Pro, WhiteBird, and MarketCoin.io. The relevant decision by the National Security and Defense Council of Ukraine (NSDC), dated September 30, 2026, was enacted by Presidential Decree No. 1037/2026 of October 11. According to the decision, the sanctions were imposed at the proposal of the National Bank of Ukraine. They provide for the termination of electronic communications services and the blocking of access to the platforms’ web resources within Ukraine.
Microsoft CEO Satya Nadella has called for an “emergency brake” for advanced artificial intelligence systems, saying companies should assume powerful AI models could be compromised rather than relying solely on assurances from their developers. In a post on X on October 10, he argued that authorised people must always be able to pause or shut down a model while it is performing a task.
Nadella also recommended independent audits, tamper-proof records of AI agents’ actions, continuous testing and avoiding reliance on a single model for critical decisions. He said companies should disclose major AI failures and security breaches so that other organisations can strengthen their own safeguards.
His comments come amid growing scrutiny of advanced AI security following disclosures by OpenAI and Anthropic about models behaving in unintended ways and security incidents involving third-party systems. The broader challenge for businesses is to benefit from increasingly capable AI agents without giving them unchecked authority over important operations. $MSFT $MSFTB
Argentina’s Central Bank Rules Out Near-Term Crypto Banking Integration
Argentina's central bank says crypto will not enter the country's banking and payment channels in the near term. A senior official left open the possibility of change during a second Milei presidency, while banking groups build stablecoin projects through separate companies. The Central Bank of Argentina (BCRA) reiterated that digital assets will not be integrated into banking and payment channels in the near future. Juan Curutchet, the bank's Superintendent of Financial and Foreign Exchange Institutions, spoke at an event organized by the Argentine Payment Chamber. According to Curutchet: "nothing is going to happen this year". He added that he sees a possibility during a second Milei presidency. The statement contradicts alleged leaks of a possible deregulation of digital assets. Bank sources had claimed that a draft allowing banks to offer crypto services was in the works. As a result, the 2022 BCRA ban on financial institutions offering crypto services will hold. Its removal depends on the state of the economy before an upcoming presidential election. Curutchet acknowledged that Argentina's economic standing offers limited leverage to advance these solutions, but he stressed that they are valid issues to discuss. He said the country currently has a level of fragility that does not allow it to advance as much, and he described a pending agenda for later. Even so, banking groups are advancing their own stablecoins projects for institutional money management. The projects feature treasury management operations, payments conditioned on on-chain events, and collateralized credit management. These conglomerates are developing the initiatives through separate companies to respect the current ban. Banking integration would stay delayed until the central bank lifts the prohibitions. Argentina nonetheless became the second-largest crypto hub in Latin America, receiving over $88.5 billion in crypto value in the 12 months ending June 30, according to Chainalysis. #argentina #Milei #crypto
Nik Storonsky outlines Revolut’s ambition to become a global tech company beyond banking by 2034.
Speaking at Wave by Vento in Torino, the Revolut CEO said the goal is to build a business of similar scale to Meta, Google, Anthropic or OpenAI — but from Europe — and “not be only in banking, but also in other services, technology services that enhance people’s lives.” By 2034, Revolut should be “a much bigger part of our lives and helping us with many more things than just banking or financial services.”
Revolut is already building proprietary models such as Pragma, trained on its transactional data. “We have thirty, forty million of transactions happening every day,” Storonsky noted, and the company is constructing its own data centres to train them.
Near-term AI plans include shopping capabilities: users tell AI by Revolut (AIR) what to buy, it browses stores and purchases securely with stored card details. The same system will offer financial analytics and advice on stocks, funds and personal finances — effectively “your own kind of financial system, which can buy things, invest in things, advise you on your financial life.”
Revolut also intends to open its platform so third-party AI agents can interact with its own via MCPs (with customer authentication). Storonsky prefers this open approach over a closed ecosystem.
His comments signal a shift: Revolut is using AI, proprietary data and models to expand well beyond core banking into broader everyday services, aiming to compete at the scale of the largest global tech companies by its 20th year.
The U.S. stocks closed near SESSION HIGHS, after Trump's Diesel announcement on Friday. Dow Jones: +0.83% to 51,654.95
S&P 500: +0.59% to 7,811.5
Nasdaq: +0.64% to 27,366.17
Russell 2000: +0.50%
The S&P 500 and Dow had risen for FOUR straight sessions through Tuesday before their winning streaks ended Wednesday.
The S&P 500 gained 1.1% for the week, marking its THIRD consecutive weekly advance.
The Dow added roughly 585 points for the week as investors shifted focus to the upcoming Q3 earnings season, with JPMorgan among the major banks set to report.
Meanwhile, the 10-year Treasury yield stood near 5.24%, WTI crude traded around $91.65, and Bitcoin hovered near $82,300.
AI Boom Drives Tech Giants Into a Debt Race With Governments
Artificial intelligence is reshaping the borrowing market: major technology companies are raising ever-larger sums and competing with governments for capital. Against this backdrop, investors are weighing whether demand for U.S. bonds can support their value, while companies seek to fund a massive expansion of AI infrastructure. According to the Wall Street Journal, Broadcom is preparing $50 billion in financing to purchase equipment for OPENAI. Oracle is also seeking funds, though the amount has not been disclosed. According to sources SpaceX plans to raise $30 billion through an investment-grade bond offering, along with another $10 billion in bank loans. The money is intended to fund purchases of Nvidia chips. In June, SpaceX raised a record $86 billion in its initial public offering, and shortly afterward sold $25 billion in bonds. Nvidia, for its part, holds a stake in Elon Musk’s company worth around $21 billion. AI debt financing raises concerns Some analysts believe borrowing could help SpaceX ramp up capacity faster in the race to advance AI. Debt financing also allows the company to avoid issuing new shares, which would dilute existing shareholders’ stakes. Other market participants are concerned about a closed-loop financing model in which chipmakers help fund the companies buying their products. Investors may also see the arrangement as shifting risk from equities to debt. SpaceX’s five-year credit default swap spread widened by almost 15 basis points to a record high. Technology companies’ ambitious plans are supporting manufacturers of data center equipment. Samsung forecasts an almost ninefold increase in operating profit, to $80 billion. At the same time, its shares fell 1.3%. Government bonds compete with corporate borrowing Rising corporate borrowing is making it harder for governments to raise funds as they contend with prolonged budget deficits and increased defense spending. Additional pressure comes from aging populations, greater funding needs for healthcare and pensions, and a shrinking tax base. France is already facing these challenges. Investors had to be reassured that the country did not need help from the European Central Bank. In Asia, the yield on 10-year U.S. Treasury notes rose to 5.31%. It had earlier retreated from an overnight peak of 5.3645% after an auction of short-term notes drew such strong demand that dealers were left with almost no securities to hold on their books. Investors are now turning their attention to 30-year bonds, as the market tests whether buyers will be tempted by yields near 5.70%. Events markets will be watching Germany’s August trade balance data are due on Thursday. Federal Reserve officials Christopher Waller, Neel Kashkari, and Alberto Musalem are also scheduled to speak. Other scheduled speakers include Swiss National Bank Vice Chairman Antoine Martin, Bank of England Chief Economist Huw Pill and policymaker Clare Lombardelli, European Central Bank Chief Economist Philip Lane, Norges Bank Governor Ida Wolden Bache, and Riksbank Governor Erik Thedéen.
GOOGLE is testing Carbon which is a new Gemini model reportedly matching Claude Opus 5.5 in coding as Google continues closing the frontier AI gap.
And with Google controlling its own TPUs and cloud infrastructure it has a real advantage in bringing down cost of coding agents as usage scales. $GOOGL $GOOGLB
China orders development of national blockchain network in economic blueprint
Beijing is reportedly moving to centralize blockchain infrastructure under state control as an integral component of a broader digital economy strategy. The initiative appears to be part of a broader campaign to expand digital infrastructure under government direction. At present, details regarding the network’s precise boundaries and timeline are omitted from early reports. China has long differentiated between blockchain technology and cryptocurrency. Beijing banned cryptocurrency trading and mining years ago but now officials have promoted blockchain as a key tool for data management, supply chain tracking and government services. The latest report underscored that a national blockchain network under government oversight would allow Chinese authorities to control data flows. This system would stand in stark contrast to public and permissionless blockchains used for Bitcoin and Ethereum. The significant move comes as China continues to develop its central bank digital currency, yuan. Blockchain infrastructure projects are primarily discussed by Chinese officials though the digital yuan itself does not rely on an open blockchain in the way decentralized cryptocurrencies do. Cryptocurrency markets have historically had a muted reaction to Chinese blockchain infrastructure announcements since such projects are typically insulated from public crypto trading and token markets. Nonetheless, investors particularly operating in the Chinese market may watch for further crucial details on strategic network development.
The NBU has already eased 154 foreign exchange restrictions in Ukraine
The National Bank is gradually simplifying foreign exchange transactions for Ukrainians, businesses, and investors. Now available: • Buying foreign currency in cash without restrictions. • Paying for purchases and services abroad. • More opportunities for international transfers and investments.
Transactions under foreign exchange liberalization have already exceeded $1 billion.
Apple is preparing a MacBook Pro with a touchscreen. The presentation of the new MacBook Pro models is expected in late October. Key changes include an OLED touchscreen, a lighter chassis, and Dynamic Island. Apple may also update the iPad mini, HomePod mini, and Apple TV, as well as introduce a new smart home hub.
Historical data and current market trends indicate that Apple (AAPL) shares rarely rise on the day of, or in the immediate aftermath of, a product launch. Typically, the classic Wall Street adage "buy the rumor, sell the news" plays out in the market. However, the stock's long-term performance is driven by actual order volumes and financial reports over the subsequent 30 to 60 days.