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More →Standard Chartered-led Anchorpoint says it’s not rushing retail stablecoin
The Standard Chartered and Animoca Brands joint venture previously targeted retail access as early as the end of 2026, but its CEO declined to reaffirm that timeline. Standard Chartered-backed stablecoin venture Anchorpoint says it will take a cautious approach to opening its Hong Kong dollar-backed stablecoin to retail users, declining to confirm a launch date after rival HSBC rolled out RedCoin, <a href="https://www.scmp.com/business/cryptocurrency/article/3372060/standard-chartered-led-anchorpoint-plans-retail-stablecoin-hsbc-redcoin-launches" rel="nofollow noopener" target="_blank">>according</a> to the South China Morning Post. The <a href="https://cointelegraph.com/news/standard-chartered-animoca-brands-hong-kong-stablecoin-license" target="_blank" rel="nofollow">venture</a> released its institutional stablecoin product in August and previously <a href="https://anchorpoint.hk/faqs/" rel="nofollow noopener" target="_blank">>indicated</a> a retail offering could arrive as early as the end of 2026. Anchorpoint CEO Dominic Maffei declined to confirm that timeline at a Friday press conference, saying the company would take a prudent approach. “We believe it’s important to build the market out in a long-term, sustainable manner,” Maffei said, adding that rushing a launch “does not make sense.” The update comes after <a href="https://cointelegraph.com/news/hsbc-launches-redcoin-hong-kong-dollar-stablecoin-payme" target="_blank" rel="nofollow">HSBC launched its Hong Kong dollar-backed RedCoin</a> on Friday for the 3.3 million users of its PayMe app. <a href="https://cointelegraph.com/news/standard-chartered-animoca-brands-hong-kong-stablecoin-license" target="_blank" rel="nofollow">Anchorpoint grew out of a partnership</a> between Standard Chartered, Animoca Brands and telecommunications provider HKT, which was announced in February 2025, following their joint participation in Hong Kong’s stablecoin issuer sandbox in July 2024. Animoca’s role is to bring its blockchain expertise and industry network to the venture and help develop uses for the stablecoin across the Web3 ecosystem. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/hashkey-begins-beta-distribution-of-hong-kong-regulated-hkdap-stablecoin" target="_blank" rel="nofollow"><em><strong>HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin</strong></em></a>
Brazil’s Stock Market Crashes After Lula’s Upset Victory
Brazil’s stock market lost more than $200 billion in value at the open on Monday after President Luiz Inácio Lula da Silva beat Senator Flávio Bolsonaro in Sunday’s runoff, a result that prediction markets had priced at roughly a one in five chance. The iShares MSCI Brazil ETF, ticker EWZ, a basket of Brazilian stocks that trades in New York like a single share, fell as much as 26% from Friday’s close of about $42.60, touching $31.40 before trimming the loss to about 23% at $32.84 by 10:38 a.m. ET. That is memecoin-sized volatility for a fund built around Brazil’s biggest companies, and it leaves EWZ roughly where it started 2026 after a 34% gain through Friday. The dollar rose as much as 12% against the real on Friday, while the Ibovespa, Brazil’s benchmark stock index, fell as much as 17% to about 170,000 points. For a dollar-based investor, those moves at their worst combine to a loss of about 26%, in line with the ETF’s low. B3, the São Paulo exchange, halted trading for 30 minutes after the Ibovespa fell 10% from Friday’s close, its first circuit breaker since the COVID-19 pandemic. A circuit breaker is an automatic pause meant to slow panic selling, but the index kept sliding after trading resumed. Investors had been positioning for the opposite result since Bolsonaro unexpectedly finished first in the Oct. 4 first round, with 47.03% of valid votes to Lula’s 45.16%. The Ibovespa jumped 7.85% the next day and EWZ gained more than 10% on bets that Bolsonaro would tighten public finances and open the way to lower interest rates. Monday’s drop erased that rally and, at its lows, left the Ibovespa about 11% below its Oct. 2 close. But Lula didn’t just beat Bolsonaro, he also beat prediction markets. Polymarket gave Bolsonaro an<a href="https://x.com/Polymarket/status/2114003200017575948" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">> 82% chance</a> of winning the day before the vote, and Kalshi had him near 80% on Sunday morning. Both platforms are<a href="https://decrypt.co/resources/what-are-decentralized-prediction-markets-myriad-polymarket-kalshi" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow"> prediction markets</a>, where a contract that pays $1 if a candidate wins trades at 80 cents when traders see an 80% chance. Polling pointed to a coin flip rather than a favorite, with the latest Datafolha survey tied at 50% each among valid votes and CNT/MDA showing Bolsonaro ahead 50.5% to 49.5% in mid-October. Lula won 51.79% to 48.21%, a margin of about 4.4 million votes, according to Brazil’s Superior Electoral Court. Bolsonaro said on Sunday night that he does not recognize the result and will ask the courts to annul the election, after pledging in August to respect the outcome. He objected to Supreme Court Justice Cristiano Zanin’s decision to extend voting until 7 p.m. at the request of Lula’s campaign, which he said changed the rules midgame. His own campaign had separately asked for extr
Google Quietly Updates Privacy Policy to Let Gmail and Photos Data Feed Ads
Google has carved out an exception to its long-standing promise not to use Gmail, Drive, and Google Photos content for advertising, quietly revising its <a href="https://policies.google.com/privacy?hl=en-US&client_theme=dark" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>privacy policy</a> so that data from those apps can help personalize ads when users connect it to the company’s AI features. The change, which took effect Oct. 16 and was first spotted by <a href="https://www.androidauthority.com/google-personal-intelligence-privacy-3727111/" target="_blank" rel="noopener nofollow external" class="sc-adb616fe-0 dJryYS">>Android Authority</a>, adds a conditional clause to a pledge Google has made for years. The updated policy now reads that Google doesn’t show personalized ads based on content from Drive, Gmail, or Google Photos “unless you choose to make data from these services available to other Google services that support personalized ads.” The catch hinges on Personal Intelligence, Google’s push to make its AI tools more useful by letting features like AI Mode in Search and Gemini draw on a user’s own data. Connecting Gmail, Drive or Photos to those tools delivers more tailored answers, such as surfacing a hotel reservation buried in an inbox. But under the revised wording, that same connected data can now also inform which ads a person sees. Google stressed the limits. Content from the three services still isn’t used for ad targeting by default, advertisers don’t get access to the contents of anyone’s Gmail, Drive or Photos, and the company says it won’t share personally identifying details without permission. In practice, that means Google isn’t scanning private emails and photos wholesale to sell ads, but users who opt into its AI conveniences may be trading some ad privacy for them. Users can opt out by disconnecting the apps under Connected Content apps in their Google Account’s Data & privacy settings, or by turning off personalized recommendations, though Android Authority noted that previously collected data may linger in a user’s Search history even after disconnecting. The quiet rollout echoes recent Google privacy posturing around its AI ambitions. As <i>Decrypt</i> reported in May, Google’s Chrome browser began <a href="https://decrypt.co/367060/chrome-quietly-installing-4gb-ai-model-computer" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>silently installing</a> a multi-gigabyte on-device AI model on users’ computers, and separately removed a privacy claim tied to its <a href="https://decrypt.co/367193/chrome-removes-privacy-claim-gemini-nano-google" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>Gemini Nano model</a>, both moves that drew scrutiny over how the company handles user data as it races to embed AI across its products. <span class="md:block">Start every day with the top news stories right now, plus original features, a podcast, videos and more. </span>
Iran, Saudi Arabia, Turkey, and Pakistan agreed to continue holding talks in the future.
On the evening of the 26th local time, Iran, Saudi Arabia, Turkey, and Pakistan held a four-party meeting on regional security and stability in Tehran, the capital of Iran. After the meeting, all parties agreed to continue holding related talks in the future to strengthen cooperation among the four countries in areas including regional peace and security.
Houthi armed forces: Saudi Arabian fighter jets carried out 119 airstrikes and missile attacks.
Houthi forces: Over the past 24 hours, Saudi Arabian fighter jets carried out 119 airstrikes and missile attacks; since the start of the escalation of operations against our forces, the total number of Saudi airstrikes and missile attacks has reached 3,298.
The Federal Reserve's overnight reverse repurchase agreement usage stood at $200 million.
CoinWorld data: Financial Associated Press, October 27 — The Federal Reserve's overnight reverse repurchase agreement (RRP) facility saw usage of $200 million on Monday, with 1 counterparty, unchanged from the previous trading day.
Anthropic: May need to seek additional financing ahead of schedule, plans to sell shares early after IPO
CoinWorld news: Anthropic said it may need to seek additional financing sooner than currently expected and plans to conduct early share sales after its IPO.
Financial Associated Press, October 27 — Apple said it is aware of an issue affecting a small number of iPhone Duo devices. Apple stated that the problem affects the internal display of the iPhone Duo, and users should contact AppleCare for a replacement device.
CoinWorld news, Cailian Press, October 27: Apple said it is aware of an issue affecting a small number of iPhone Duo devices. Apple said the issue affects the internal display of the iPhone Duo, and users should contact AppleCare for a replacement device.
Foundation Devices suffered a historical customer data breach, triggering over 23,000 phishing attacks.
Foundation Devices' historical database was leaked, leading to more than 23,000 phishing email attacks targeting hardware wallet customers. Of these, 19,057 emails were sent via Mailgun and 1,503 via Google Workspace. After the migration of the old WooCommerce database, customer names, shipping information, refund records, and incomplete checkout information became accessible, and recent Shopify order information may also have been exposed. The Passport hardware wallet and private keys were not affected.
Coinbase co-CEO: Bitcoin's growth lies in integration with traditional financial platforms
Coinbase's co-CEO said that Bitcoin's next growth driver lies in direct purchasing through traditional financial platforms such as Citibank and JPMorgan, with Coinbase providing the infrastructure support.