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More →Ripple expands Brevan Howard deal with prime brokerage services
Ripple Prime will provide prime brokerage, clearing and financing services to funds managed by the $35 billion alternative investment manager. Ripple Prime will provide multi-asset prime brokerage, clearing and financing services to funds managed by Brevan Howard, a global investment manager with about $35 billion in assets. Under the expanded agreement, Brevan Howard will gain access to Ripple Prime’s services across traditional and digital asset markets, according to a Tuesday announcement. The deal builds on an existing relationship between the firms. Brevan Howard-affiliated funds participated in a $500 million investment in Ripple in 2025 that valued the company at $40 billion. “As digital and traditional markets become more interconnected, the need for institutional-quality digital asset infrastructure that enables a seamless experience for investors is only growing,” Brevan Howard chief operating officer Alan McGroarty said. The investment manager serves global clients including sovereign wealth funds, corporate and public pension plans, foundations and endowments. The agreement comes as Ripple expands its prime brokerage business. In August, Ripple Prime raised <a href="https://cointelegraph.com/news/ripple-raises-275m-us-prime-brokerage" rel="nofollow" target="_blank">$275 million through a senior note offering</a> to fund its expansion into prime brokerage, financing and multi-asset clearing. Ripple launched the business after acquiring prime broker Hidden Road for about $1.25 billion in 2025. <em><strong>Magazine: </strong></em><a href="https://" rel="nofollow noopener" target="_blank"><em><strong>Too big to pause: Could an AI slowdown crash the economy?</strong></em></a>
Goldman Sachs forecasts that S&P 500 companies' Q3 earnings will grow 27% year-over-year.
According to a report by the UK's Financial Times, strong artificial intelligence (AI) spending signals another highly profitable earnings season in the United States, from which investors are expected to benefit. Goldman Sachs predicts that, driven by companies at the core of the AI infrastructure boom, the earnings of S&P 500 constituent companies for the September 2023 quarter are expected to grow 27% year-on-year.
KuCoin will upgrade its spot leverage index calculation method on October 8.
KuCoin has announced that it will begin upgrading its spot leverage index calculation method on October 8, 2026. The new index will be rolled out gradually by coin, with a full migration expected to be completed by October 12. During the upgrade period, users' trading and assets will not be affected. If an exchange's price deviates from the median by more than 5%, each exchange's weight will be calculated based on trading volume, turnover rate, liquidity, and price stability, and the weights may be adjusted according to market conditions.
FICO cuts 15% of workforce in AI-driven restructuring
FICO (Fair Isaac) announced it will cut nearly 15% of its workforce, about 570 people, as part of its AI-driven restructuring. FICO said the change will help the company "operate and launch innovations faster." As of the end of September 2025, FICO had 3,811 employees, and it expects to incur about $27 million in restructuring charges in the fourth quarter of fiscal 2026, mainly for severance pay. FICO's stock has fallen about 58% this year. In addition, the Federal Housing Finance Agency recently allowed lenders to use VantageScore when issuing mortgages, which puts FICO under fiercer competition in a market it has long dominated. Although companies are investing heavily in AI technology, no signs of large-scale unemployment have been observed so far.
Germany's regulator rejects Futurum Bank's MICA application, bitcoin.de plans new model
According to CoinWorld news, German financial regulator BaFin rejected the MiCA application submitted by Futurum Bank, a wholly-owned subsidiary of bitcoin.de, causing most trading on the platform to be suspended. Futurum Bank plans to cooperate with regulated companies in Germany to serve as the counterparty under a new model. The company said it expects to resume trading in the coming weeks, but has not yet determined a specific date. Futurum Bank will also continue to custody customer assets until they are transferred to the planned regulated custodian.
The long-short account ratio for BTC contracts is 1.37.
CoinWorld data: The BTCUSDT 4-hour long-short account ratio is 1.37, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.3066.
Bitcoin price falls below $84,000 as oil and the dollar rise
Bitcoin price briefly fell below $84,000, while an attack on an Iranian oil tanker drove oil prices and the dollar higher, according to Bijie data.
Binance adds four bstocks tokens as cross margin collateral assets.
Binance has announced that on October 7, 2026 at 20:00 (UTC+8), it will add four bstocks tokens as cross margin collateral assets, including securitizecorp (seczb), stablecoinxinc. (usdeb), jpmorganchase (jpmb), and elililly (llyb). The corresponding bstocks trading pairs will open leveraged trading, and eligible users can use these tokens as margin collateral.
Crypto Industry Midday Brief | German Federal Financial Supervisory Authority Rejects futurum bank ag's MICA License Application, bitcoin.de Trading Suspended
CoinWorld News, October 7: 1. Germany's Federal Financial Supervisory Authority rejected futurum bank ag's MICA license application, and bitcoin.de trading was suspended; 2. Hong Kong plans to submit a bill to regulate cryptocurrency brokers and custodians; 3. German regulators rejected Bitcoin Group SE's MiCA license application; 4. The CFTC proposed crypto rules that do not cover spot trading; 5. The CFTC launched federal rulemaking for a cryptocurrency exchange framework; 6. CFTC Chairman Selig outlined a voluntary regulatory framework for cryptocurrency exchanges; 7. The CFTC chairman said existing statutory authority will be used to formulate cryptocurrency rules; 8. The U.S. CFTC released proposed rules for a crypto spot market framework; 9. The CFTC announced plans to regulate cryptocurrency exchanges; 10. The CFTC sought public comment to draft new rules for regulating the crypto market.
Nikhil Sharma: Tokenized money market funds can be transferred directly as collateral.
According to CoinWorld news, Nikhil Sharma, Director of Digital Assets at BlackRock, said at Token2049 that tokenized money market funds can be transferred directly as collateral, without redemption and without waiting several days to obtain cash.