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2026/10/29

RLUSD Listed on Coinbase, Details on USD Backing Mechanism Revealed

CoinDesk reports:RLUSD is now available on Coinbase. How does its USD backing mechanism work?Ripple has launched RLUSD on Coinbase, enabling users to access the stablecoin via three blockchains, while its reserves and redemption remain dependent on the underlying institution.Coinbase added RLUSD on

Microsoft Q1 Revenue Surpasses Expectations, Azure Growth Hits 48%

Microsoft reported $92.28 billion in fiscal first-quarter revenue, exceeding the $90.62 billion Wall Street consensus. Revenue increased 19% from a year earlier. Microsoft's earnings release put adjusted earnings at $4.89 per share, excluding OpenAI investment gains, against expectations of $4.71.Az

Fortinet Stock Plunges 26% Pre-Market Amid Growth Concerns Despite Strong Q3 Earnings

Fortinet shares plunged more than 26% in Thursday's premarket session as slower growth appeared to outweigh better-than-expected third-quarter 2026 results. Benzinga Pro data showed Fortinet shares down 26.48% at $127.99 during Thursday's premarket trading. The sell-off likely reflected worries abou

Permitting Bill Study Projects $350B in Power Sector Savings by 2050

Resources for the Future, a nonpartisan think tank, has produced independent modeling of the permitting bill's potential effects on the power sector. The study compares the bill with existing law and policies. The study's central scenario estimates annual electricity system costs would be 3.5% to 7%

Eli Lilly Q3 Mounjaro Sales Reach $10.7B, Jardiance Revenue Surges 64.5% YoY

Seeking Alpha (Seeking Alpha) Seeking Alpha (Seeking Alpha) Seeking Alpha (Seeking Alpha) Seeking Alpha (Seeking Alpha) Seeking Alpha (Seeking Alpha) Seeking Alpha (Seeking Alpha) Seeking Alpha (Seeking Alpha) More on Eli LillyNovo Nordisk Vs. Eli Lilly Q3 Preview: I'd (Now) Buy Both, But Lilly Is M

U.S. Home Sale Prices Fall for the First Time in Three Years

CoinDesk reports:Seattle, October 29 (PRNewswire) — According to a new report released by real estate brokerage Redfin, the median U.S. home sale price has fallen for the first time in more than three years.Key highlights of the U.S. housing market over the four weeks ending October 25:Home sale pri

Solana Co-Founder Clashes with BULK Over Multichain Trading Strategy

Solana co-founder Anatoly Yakovenko has drawn a firm line about what counts as “Solana”: if a project does not run directly on Solana’s layer‑1 (L1) chain, he says, it isn’t part of the Solana network.The public clash began Oct. 29 on X after BULK, a decentralized trading platform originally built f

Cardano Joins Swiss CMTA After Tokenized-Share Standard Wins Approval

Cardano Foundation joins Swiss standards group as tokenized-share push acceleratesThe Cardano Foundation has joined Switzerland’s Capital Markets and Technology Association (CMTA), deepening its role in shaping standards for tokenized securities after the association recognized Cardano’s new token s

LME Explores Tokenizing Off-Warrant Metals in Hong Kong for Loan Collateral

The London Metal Exchange (LME) is quietly testing the waters for a major step into crypto-style financing: tokenizing industrial metals stored in its Hong Kong warehouses so businesses could use digital tokens representing physical inventory as loan collateral.Reuters reported on Oct. 28 that three

Utah Charges Kalshi and Co-Founders with 14 Counts Over Sports-Linked Contracts

Utah has leveled 14 criminal charges against prediction-market operator Kalshi and two of its co‑founders, escalating a high‑stakes legal battle over whether CFTC‑registered exchanges can offer sports‑linked contracts in states that ban gambling.What happened- Prosecutors filed charges Wednesday aga

Visa's Stablecoin Settlements Reach $25B Run-Rate, 10x Growth Year-Over-Year

Visa’s stablecoin business has exploded — and the company says it’s only getting started.On its Oct. 27 earnings call, Visa CEO Ryan McInerney revealed the payments giant has reached an annualized stablecoin settlement run rate of more than $25 billion — roughly 10x the level from a year ago. That f

BNB Chain Activates Payment Lane (BEP-703) to Reserve Gas for Payments

BNB Chain has activated the Jenner hardfork on its BNB Smart Chain testnet, rolling out a suite of upgrades designed to protect payment traffic during congestion and give developers more precise timing tools.Top-line change: Payment Lane- The headline feature, Payment Lane (specified in BEP-703), re

Bitcoin Core Patches 3 Node-Crashing Bugs, Including One Affecting Windows and macOS

Bitcoin Core has disclosed that it fixed 3 vulnerabilities that could slow or knock nodes offline. The bugs were first flagged by an AI-enabled security scan by Project Loupe last Friday, on the 23rd of October.On the same day, the Bitcoin Core security team was notified of the same bugs. Earlier in

Ethereum Faces $2,000 Drop as Whales Sell 160,000 ETH

What to KnowCrypto analyst Ali Charts warns Ethereum could decline toward $2,000 following its rejection near $2,400 and retreat below $2,300.Ethereum whales reduced their holdings by approximately 160,000 ETH, worth over $348 million, adding selling pressure to the cryptocurrency market.Exchange ba

Cars.com Appoints Mausam Bhatt as Chief Product Officer

CoinDesk reports:Chicago, October 29 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS), an automotive sales marketplace platform, announced on Thursday the appointment of Mausam Bhatt as Chief Product Officer, effective November 2.Bhatt brings extensive experience in building and scaling complex marketplac

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