NEW: @Ripple and @RobinhoodApp announce a strategic partnership, bringing $RLUSD to Robinhood’s retail and institutional platforms, integrating Ripple Treasury for Robinhood’s internal operations, and expanding Ripple Prime financing across Bitstamp. t.co/cJ9BLGJ2gk
CoinDesk
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@renato_mariotti: “Not because the internet lost, but because it won.” Amazon.com became Amazon once every company was an internet company. He says @a16zcrypto renaming itself a16z Frontier is crypto’s version of that moment. pic.x.com/b1YQ5nQDPm
Can stablecoins really drain bank deposits? @austincampbell says it's “mathematically not possible.” On The Policy Protocol, he explains why stablecoins move bank deposits rather than destroy them. pic.x.com/1fW62YreCH
NEW: $ZEC co-founder proposes ending automatic funding for the Zcash Community Grants program, arguing its $125M+ in holdings far exceed its $1.53M quarterly expenses, with the 8% block subsidy redirected to the Network Sustainability Mechanism if approved. t.co/Jm2Qjx1ygW
LATEST: @Ripple and @BNYGlobal expand their partnership, with BNY adding $XRP and $RLUSD custody to its institutional platform and the two firms exploring tokenized trade finance with C2FO on the XRP Ledger. t.co/L6MGMRBWRm
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Read more: coindesk.com/daybook-us
Bitcoin’s bear market may be over, according to Galaxy Research’s Alex Thorn, who says BTC has entered the accumulation phase that preceded previous major advances. Get the full picture in Crypto Daybook Americas, CoinDesk’s daily markets briefing presented by @Hex_Trust. pic.x.com/T9ut6rxrDT
LATEST: @Binance files for regulatory authorization in Brazil ahead of the October 30 deadline, while restricting eight services and delisting 22 tokens for Brazilian users to comply with new Central Bank rules. pic.x.com/YE3u3kWCA0
@AskVenice built its AI video studio as a side project. It’s now about 30% of the platform’s usage. @ErikVoorhees tells @jennsanasie how creators are turning AI clips into full films. Thank you to @Grayscale 👋 for being a sponsor of the CoinDesk Media Network. pic.x.com/x6EnpJqgm2
NEW: Hong Kong’s @goldzipxgz integrates @Chainlink CCIP 2.0 and @midaslabsxyz infrastructure to make its physical gold-backed token $XGZ transferable across multiple blockchains. t.co/wYhvaJPmCR
