CoinRoutes Acquires QIS Risk For $5M to Bolster Institutional Crypto Trading Tools

A recent discussion on X has sparked debate over the valuation of XRP compared to Chainlink's LINK. CoinRoutes founder Dave Weisberger questioned why XRP is valued over ten times higher than LINK, despite Chainlink's significant role in financial markets. This conversation highlights differing perspectives on how value is captured in the cryptocurrency space, especially following Swift's announcement of a blockchain-based ledger at Sibos. Understanding these valuations is crucial for investors and enthusiasts navigating the evolving crypto landscape.

Pavel Durov, the CEO of Telegram, recently shared that his substantial investment in Bitcoin back in 2013 has been a key factor in supporting his lifestyle. He purchased thousands of Bitcoins when they were priced at $700 each, and this decision has proven to be financially beneficial for him. This revelation highlights the potential of cryptocurrency investments and how they can significantly impact personal finances, especially for tech entrepreneurs like Durov.

The New York regulator has clarified its rules regarding sub-custodians and the segregation of customer assets, which is a significant step for the financial industry. This clarification aims to enhance transparency and protect customer funds, ensuring that they are kept separate from the assets of the custodians. This move is crucial as it builds trust among investors and strengthens the overall integrity of the financial system, especially in a time when regulatory scrutiny is increasing.

The SEC's Division of Investment Management has indicated a positive stance towards financial advisers using state trust companies as crypto custodians, stating they won't recommend any action against them. This is significant as it opens the door for more secure and regulated handling of cryptocurrencies, potentially boosting confidence among investors and encouraging wider adoption of digital assets.

The SEC and CFTC have reached a significant agreement to collaborate on regulating the crypto industry, marking a shift from their previous conflicts over jurisdiction. This cooperation aims to clarify regulatory responsibilities and enhance oversight, which is crucial for fostering a more stable and transparent crypto market. By working together, these agencies hope to address the ongoing confusion and create a more cohesive regulatory framework that benefits both investors and the industry.

The European Central Bank is making strides towards banning multi-issuance stablecoins in the EU, following recommendations from the European Systemic Risk Board. This crackdown is significant as it aims to protect the financial integrity of Europe, reflecting growing concerns over the stability and regulation of digital currencies. As the ECB pushes for this ban, it highlights the ongoing tension between innovation in the financial sector and the need for regulatory oversight.

Cardano (ADA) is currently trading between $0.78 and $0.80, facing resistance around $0.83 to $0.85. Despite this struggle, there's a strong sentiment in the market with a 91% to 95% chance of a U.S. Cardano spot ETF approval expected by late October 2025. This potential approval could significantly impact ADA's price and market stability, especially after a decline in September. Investors are watching closely, as institutional access could lead to a more bullish outlook for Cardano.