StandardsAboutContact
The Ledger
  • Bitmine Buys Back Stock While Slowing Ether Purchases

    Bitmine Buys Back Stock While Slowing Ether Purchases

    Funding and deals

    Bitmine Immersion Technologies spent more on repurchasing its own shares than on ether last week, though it kept buying ether. Per CoinDesk and an SEC exhibit dated October 26, it bought back 2.04 million shares for about $45.9 million and added 10,452 ETH. Whether shares trade at a discount to holdings is unconfirmed.

  • CF Benchmarks' Oracle Puts Regulated Index Prices

    CF Benchmarks' Oracle Puts Regulated Index Prices

    Crypto, stablecoins and digital assets

    CF Benchmarks' CFB Oracle moves regulated reference prices onto blockchains, but it does not create new market infrastructure. It adds signed delivery of existing indices to Ethereum, HyperEVM and Robinhood Chain. The significance is provenance: lenders and funds can verify that a price came from a UK-regulated administrator.

  • South Korea Weighs a Fourth Delay to Its Crypto Gains Tax

    South Korea Weighs a Fourth Delay to Its Crypto Gains Tax

    Regulation and compliance

    South Korea is reportedly weighing a fourth delay of its crypto gains tax, moving the start from January 1, 2027 to January 1, 2029. The reported rationale is that US data would not be exchanged under the OECD framework until 2029. Nothing is law yet; the National Assembly would have to amend the statute.

  • Canada's stablecoin draft rules keep the yield ban

    Canada's stablecoin draft rules keep the yield ban

    Regulation and compliance

    Canada's draft stablecoin regulations keep the ban on paying yield to holders, which positions stablecoins as payment instruments rather than deposit substitutes. The 60-day consultation, reported by Finextra, will test how the Stablecoin Act's Bank of Canada oversight, 1:1 reserves and par redemption work in practice before the expected 2027 start.

  • Luxor's $16M Raise Shows Miners Pivoting to AI Compute

    Luxor's $16M Raise Shows Miners Pivoting to AI Compute

    Crypto, stablecoins and digital assets

    Luxor's $16 million round, led by CMT Digital, is a small raise whose significance is strategic: a bitcoin mining services firm is repositioning around AI compute, including hardware sourcing and cash-settled compute derivatives. Luxor disclosed no valuation, and the primary-versus-secondary split is undisclosed, so the capital's real size for growth is unclear.

  • DTCC Tokenization Goes Live, With Custody Still at DTC

    DTCC Tokenization Goes Live, With Custody Still at DTC

    Banking, neobanks and open banking

    DTCC's tokenization service is a custody-layer change, not a new market: tokens mirror securities already held at DTC, which keeps the legal record. For banks, the shift is round-the-clock movement and collateral use, not new assets. Twenty firms, including JPMorgan and Citi, have signed agreements, according to DTCC.

  • Clearstream extends tokenised issuance to fund shares

    Clearstream extends tokenised issuance to fund shares

    The Brief

    Clearstream is extending distributed-ledger issuance from debt to investment funds: Finextra reports Deutsche Börse's post-trade arm will let asset managers issue tokenised fund shares. The move follows D7 DLT, Clearstream's tokenised securities platform, so the test is whether fund shares settle and distribute at scale.

  • Robinhood Adds Ripple's RLUSD While Keeping USDG

    Robinhood Adds Ripple's RLUSD While Keeping USDG

    Funding and deals

    Robinhood's planned RLUSD listing signals that a distribution platform is hedging rather than picking a single stablecoin. Ripple says RLUSD exceeds $2.5 billion in market value and is due in the Robinhood app before the end of 2026, while Robinhood keeps USDG as its default Earn lending asset.

  • Ripple Guides to $900M Product Run Rate for 2026

    Ripple Guides to $900M Product Run Rate for 2026

    The Brief

    Ripple's $900 million figure is company guidance for an annualized product revenue run rate at the end of 2026, and Ripple's own release does not define the term. The sturdier developments are RLUSD at a $2.6 billion market capitalization and the OCC's final approval of Ripple National Trust Bank, which sets the regulatory perimeter around reserves.

  • Anthropic Widens Claude's Advisor Connector List to 22

    Anthropic Widens Claude's Advisor Connector List to 22

    Fintech

    Anthropic's October 27 update raises Claude for Financial Advisors to 22 named connectors, led by custodians and asset managers such as Charles Schwab and Vanguard. The signal is distribution, not model capability: whoever controls the data connection to advisers' workflows gains leverage, while human approval requirements keep regulatory accountability with the firm.

  • Wealthsimple Reported at C$13.8bn, 38% Above 2025 Mark

    Wealthsimple Reported at C$13.8bn, 38% Above 2025 Mark

    Funding and deals

    Finextra reports that Wealthsimple raised C$425 million at a C$13.8 billion post-money valuation, about $9.8 billion. That is 38% above the C$10 billion valuation the company announced for its October 2025 round. No company statement confirming the new terms has been located, so the figures remain a single trade report.

  • Datavault AI Can't Withdraw Its Bitcoin, Will Restate

    Datavault AI Can't Withdraw Its Bitcoin, Will Restate

    Crypto, stablecoins and digital assets

    Datavault AI says it has been unable to withdraw bitcoin from its Biconomy wallet since June 2026 and will restate financials for four periods, cutting reported total assets by as much as $92.2 million. Shares closed down 49.55% at $0.067. Whether the coin exists in recoverable form is unconfirmed.

  • Robinhood Chain Props Up a Soft Crypto Quarter

    Robinhood Chain Props Up a Soft Crypto Quarter

    Crypto, stablecoins and digital assets

    Robinhood's third-quarter crypto revenue of $120 million rose 20% from the second quarter only because Robinhood Chain added a reported $26 million; excluding it, crypto transaction revenue fell 6%. Meanwhile event contracts, including Rothera, delivered $173 million, showing diversification away from spot trading is doing more work than the new chain.

  • Zen.com Adds Mastercard Pay by Bank in Nine EU Markets

    Zen.com Adds Mastercard Pay by Bank in Nine EU Markets

    Payments and embedded finance

    Zen.com's Pay by Bank launch is a distribution step, not yet proof of cheaper acceptance. Through Mastercard Open Finance, Zen.com reports merchant acceptance and wallet top-ups in nine European markets. Whether Pay by Bank displaces card volume depends on pricing, conversion and settlement speed, none of which the announcement discloses.

  • Large firms test tokenized cash, but few run it at scale

    Large firms test tokenized cash, but few run it at scale

    Payments and embedded finance

    Large corporates are moving past tokenized-cash experiments, but mostly in pilots and limited live use. A DBS commissioned EY survey found 88% of 422 large firms use or pilot tokenized money, yet only 24% operate at scale. The results point to banks, not crypto platforms, as the preferred access layer.

  • Robinhood Leans on Banking as Crypto Revenue Falls 55%

    Robinhood Leans on Banking as Crypto Revenue Falls 55%

    Payments and embedded finance

    Robinhood is using a 55% fall in third-quarter crypto revenue to argue it is a bank-like financial hub, not a trading app. Robinhood Banking holds nearly $5 billion in deposits, according to coverage of the call, and the strategy aims to keep customer cash inside the ecosystem while agentic trading and payments add usage.

  • Robinhood Crypto Revenue Fell 55%; Total Missed Estimates

    Robinhood Crypto Revenue Fell 55%; Total Missed Estimates

    Crypto, stablecoins and digital assets

    Robinhood's third-quarter crypto transaction revenue fell 55% to $120 million, per CoinDesk, yet beat the $114.1 million Street estimate. Total revenue of $1.424 billion and EPS of $0.51 both missed forecasts. Options, equities and prediction markets carried the quarter at Robinhood, while Bitstamp volume fell 28%.

  • NatWest Reportedly Cuts Marketing Approvals 80% With AI

    NatWest Reportedly Cuts Marketing Approvals 80% With AI

    Banking, neobanks and open banking

    NatWest's reported 80% cut in marketing compliance approval times with Adclear's AI agents is a speed claim, not a verified result. Finextra gives no baseline or method in the item reviewed. The figure signals banks automating promotion review, while NatWest still owns accountability for every promotion it issues.

  • Stripe Pay Opens Free Transfers Between Stripe Profiles

    Stripe Pay Opens Free Transfers Between Stripe Profiles

    Payments and embedded finance

    Stripe Pay is a narrow but notable rail: it lets one business send funds to another by Stripe profile handle, with Stripe saying the transfers are free. It works only between funded Stripe financial accounts and linked profiles, so it moves value inside Stripe's network rather than competing with card or bank rails.

  • Cancore's $7.2M Canton Seed Is a Token Deal, Not Equity

    Cancore's $7.2M Canton Seed Is a Token Deal, Not Equity

    Funding and deals

    Cancore's $7.2 million seed round is a token-rights deal, not an equity round. The Block reports it was raised entirely through SAFTs for a planned CNRX token, at a $60 million fully diluted valuation, with no formal lead. Cancore says it has processed $86 million in trades since April; that figure is company-reported.