EU Plans Transfer Of Crypto, Stocks Oversight Power To Address Market Fragmentation – ESMA Chair

Ripple is set to expand its operations with a $4 billion investment aimed at integrating cryptocurrency with traditional financial systems, specifically targeting Wall Street. The company plans to offer a suite of services including custody, prime brokerage, treasury, and stablecoins, enabling institutions to function similarly to banks but utilizing crypto infrastructure. This expansion is significant as it represents a growing acceptance of cryptocurrency in mainstream finance, potentially reshaping how institutions engage with digital assets.

The yield gap between cryptocurrency and traditional finance (TradFi) is narrowing, driven by the rise of stablecoins, staking tokens, and real-world assets (RWAs). This trend has been significantly supported by the historic approval of the US GENIUS Act in July 2025, which has facilitated new avenues for yield generation in the crypto space. As these financial instruments gain traction, they are helping to bridge the gap that has traditionally existed between the two sectors, making crypto investments more appealing and potentially increasing their adoption.

BetPlays has launched a new online gaming platform that integrates cryptocurrency, offering over 4,000 casino games and fast payments. This initiative aims to redefine the online gaming experience for a global audience, enhancing security and trust in the rapidly growing gaming market.

The Bank of England's deputy governor, Sarah Breeden, has warned that a potential softening of the UK's stance on stablecoins could threaten financial stability and lead to a credit crunch. This statement highlights concerns regarding the regulation of stablecoins, which are digital currencies pegged to stable assets. The implications of such a shift in policy are significant, as it could disrupt credit markets in the UK, affecting lending and borrowing practices. Breeden's remarks underscore the importance of maintaining stringent regulations to safeguard the financial system.

BNY forecasts that the market for stablecoins and tokenized cash will reach $3.6 trillion by 2030, driven by increasing institutional adoption and the integration of blockchain technology. This projection highlights the growing significance of digital currencies in the financial landscape, suggesting a shift towards more stable and regulated forms of digital money as traditional financial systems evolve.

In October, the cryptocurrency market faced a downturn, with prices falling unexpectedly. As November approaches, speculation arises about whether ETH USD could reach $10,000, reflecting a potential recovery. This situation highlights the volatility of the crypto market and the ongoing search for profitable opportunities.