Crypto Breaking News

Ripple said its RLUSD stablecoin crossed US$2 billion in market capitalisation last week.

Mastercard will sponsor a 36-hour XRP Ledger (CRYPTO:XRP) hackathon in New York on October 24–25.

Spirit AI CEO Han Fengtao says robots can already handle office tasks "unimaginable half a year ago," from delivering paper to shredding documents. He told Bloomberg's Minmin Low that "the evolution of the robot brain will get faster and faster," predicting a "ChatGPT moment" within three years. With several hundred units deployed in China, Spirit AI is betting on smarter robot brains to drive large scale adoption across industries and eventual global expansion.

Banks are considering stablecoins as payment competition grows from crypto companies and other digital networks.

A wallet believed linked to Andreessen Horowitz (a16z) bought 282,090 Hyperliquid (CRYPTO:HYPE) worth about US$24 million.

An anonymous wallet withdrew 95,928 Solana (CRYPTO:SOL) from Coinbase, worth about US$9.74 million.

A wallet linked to Hack VC transferred 21.85 million Ethena (CRYPTO:ENA) tokens to Wintermute.

Nvidia, the chipmaker at the heart of the artificial intelligence boom, said it forecasts revenue growth of about 70% in fiscal 2028. Analysts had predicted 45%. The upbeat outlook offered relief to investors concerned about a bubble in the AI economy. Bloomberg's Tom Mackenzie has more.

FinTax completed a seed funding round led by YZi Labs at a US$40 million post-money valuation.

Philippine Stock Exchange President and CEO Ramon Monzon discusses efforts to boost market liquidity, expectations for capital raising, and the outlook for major IPOs including GCash and PLDT's data center unit. He appeared exclusively on Bloomberg's "Insight with Haslinda Amin."

Cardano (CRYPTO:ADA) and Solana (CRYPTO:SOL) face governance challenges as voter participation remains low.

Shaun Day, Managing Director at Greatland Resources, discusses the gold and copper producer's full-year results, which saw its annual profit more than double. He also discusses its outlook for output in fiscal 2027. He speaks exclusively with Haidi Stroud-Watts on "Bloomberg: The Asia Trade".