LATEST: The Blockchain Association urges Congress to overhaul crypto tax rules, calling for stablecoin cash treatment, staking rewards taxed only at sale, de minimis exemptions for small transactions and limits on broker reporting to custodial intermediaries only.

JUST IN: @SoFi launches SoFi Earn, billed as the first tokenized deposit from a U.S. national bank available directly to retail customers, earning 4.40% APY with FDIC insurance and convertible 1:1 into SoFiUSD for crypto purchases or blockchain transfers.

NEW: @FireblocksHQ denies it is in talks to be acquired by @Visa, calling reports of a $2.5B deal “news to us, and not true at present time,” while @Coinbase also denies involvement in a potential transaction.

LATEST: a16z is dropping “crypto” from its flagship blockchain fund name, rebranding to a16z Frontier and broadening its investment mandate beyond crypto, per The Information.

JUST IN: @Arf_one partners with @Ripple to bring $RLUSD powered settlement liquidity to the XRP Ledger, giving licensed cross-border payment companies access to short-duration working capital backed by Arf’s $10B annual settlement volume.

MACRO: Asian stocks tumble as China’s CSI 300 enters bear market territory, down 20% from June’s peak, while Japan’s Nikkei drops 3% and $BTC retreats from $84K to below $82K as oil surges above $100.

INSIGHT: The OCC’s final GENIUS Act rule drops its proposed presumption against third-party stablecoin rewards, with banks calling it a threat to deposits and crypto calling it a win, as the regulator says it will handle cases individually with no clear rules yet.

NEW: @Grayscale expands in-kind crypto transfers across 10 investment products, letting eligible investors contribute $BTC, $ETH, $SOL, $XRP, $ZEC and five others directly for fund shares without selling to cash first, with minimums starting at $80,300.

LATEST: @Aave proposes V3.8, a security upgrade adding reentrancy protection to its Pool accounting across 16 networks, as a preventive measure ahead of formal audit and governance vote.

UPDATE: XRP Ledger's bug fix countdown restarted after validator support dropped to 26 of 35, pushing the patch to November. Support has since recovered to 31 validators, but the two-week clock reset means the fix missed its near-final window.

EARNINGS: Tesla reports mixed third-quarter results, with revenue of $28.05 billion missing expectations while earnings per share of $0.48 beat forecasts. The company continues to hold 11,509 BTC, worth roughly $1 billion. $TSLA shares are up 1.5% in after-hours trading.

LATEST: $META plans to introduce non-voting shares to help fund its massive AI expansion without reducing Mark Zuckerberg's control of the company, according to Semafor.

Elon Musk says SpaceX and Tesla are exploring a merger that would combine more than 30,000 bitcoin, the OCC tightens rules on stablecoin rewards, and Zcash prepares for an upgrade that could triple transaction speed. @jennsanasie has what you need to know.

Most banks have tested blockchain, but @gluk64 says very few have shipped it. The @the_matter_labs CEO says the holdup isn’t the tech. It’s the plumbing. He joins @jennsanasie to break down Prividium Commander, what banks want from ZK privacy and what it takes to get from pilot to production. 00:00 - Matter Labs’ Alex Gluchowski Joins Markets Outlook 01:40 - What Is Prividium Commander? 02:03 - Why Bank Blockchain Pilots Stall Before Production 04:30 - What Happens When Banks Build Their Own Plumbing 05:34 - How Cari Network Is Bringing 30 Banks to Tokenized Deposits 06:48 - The Path From Commander to ZK 09:06 - What Institutions Want From ZK Privacy 10:52 - Can Blockchains Handle Bank-Level Volume? 12:04 - Matter Labs’ Vision for a Global Digital Asset Economy