Bitcoin and cryptocurrencies news of the week – L’Hebdo Crypto #351

Coin Encyclopedia Improve your knowledge of cryptos

ETFs recovered more than a billion dollars in 3 sessions, without preventing bitcoin from falling back to around $82,000 at the end of the week. In France, the 10-year borrowing rate crossed 5%, and Moody's took economists on the wrong foot on Friday evening. In Washington, the battle for yields on stablecoins is turning to the advantage of crypto.

This article contains affiliate links that support the work of Journal du Coin.

▶ Bitcoin ETF: More than a billion dollars in three days, BlackRock and Fidelity in the lead. American funds have erased the withdrawals of the previous week, and October is back in the green. The price increase did not hold: bitcoin fell back below $82,000 on Thursday.

▶ Bitcoin: the Sparkassen open the purchase of cryptos to 50 million Germans. Since October 19, the first customers of German savings banks have been purchasing bitcoin in their banking app. DekaBank provides trading and custody, and full deployment is targeted for the first half of 2027.

▶ Tokenized stocks: the SEC unveils the first 3 candidate platforms, including OKX-ICE and a former boss of FTX. There we find OKXICE, the joint venture of OKX and the parent company of the NYSE, Perpetuals.com, headed by the former boss of FTX Europe, and a discreet TSV LLC. None have yet received the green light from the SEC.

▶ Stablecoins: The $6.6 trillion breach that is panicking banks. In its final rule implementing the GENIUS Act, the OCC has waived the presumption that returns paid by platforms or third parties are illegal. American banks fear a leak of their deposits, while PayPal and Coinbase continue to remunerate their clients' stablecoins.

▶ Review of MiCA: the 7 projects that France wants to impose on Europe. The GENIUS Act is spreading to Paris. The French authorities are proposing to regulate the rewards paid by platforms on stablecoins, which are currently banned, and to entrust the certification of DeFi protocols to private actors.

▶ Hyperliquid: 400,000 individuals for $280 million lost. These traders bet on perpetual contracts from mainstream wallets like Phantom or MetaMask. At Phantom, only 21% are in gain, and almost half have already undergone liquidation.

▶ Debt, rates, inflation: how to protect your savings from the French crisis? France borrows more expensively than Italy, and the gap with Germany has not been so wide since the 2011-2012 crisis. Deposits are guaranteed up to 100,000 euros per customer and per bank, but this net is financed by the banks themselves, when the Livret A is guaranteed by a State whose debt is worrying.

▶ Crypto attack in Mont-de-Marsan: a couple tied up, 3 men on the run. Three hooded men forced the door of a sixty-year-old couple in the middle of the night to demand their cryptocurrency, before leaving with a laptop and a phone. Their son, who works in crypto, was placed under police protection.

Machine-translated from French