Lean Technologies and Lean Technologies and eToro have partnered to make funding accounts in the UAE quicker and simpler than before. have partnered to make funding accounts in the UAE quicker and simpler than before. Now, users can make quick AED bank transfers directly from their local banks without leaving the eToro app. Through this partnership, eToro becomes one of the first international investing platforms in the United Arab Emirates to use an open-banking provider that is subject to local regulations. By connecting their bank accounts, users can save time and reduce errors by avoiding time-consuming tasks like navigating between apps or entering card information. Everyone in the UAE can invest more easily, safely, and conveniently because it only takes seconds to deposit money rather than minutes.
Coin Bytes
Singapore and UAE Top Global Rankings as Most Crypto-Focused Nations
The most recent assessment by ApeX Protocol has identified Singapore and the United Arab Emirates (UAE) as the countries with the greatest concentration on crypto adoption. The UAE came in second with a score of 99.7, representing 25.3% ownership, while Singapore received a perfect score of 100, with over 24.4% of its citizens owning crypto. The list demonstrates how both nations have established solid reputations as crypto-friendly hotspots as a result of regulatory support. The two countries have also inculcated sophisticated financial systems and expanding institutional use for digital assets. The success reflects a larger global trend in which countries with entrepreneurial economies and open policies are leading the way in the development of blockchain technology and the acceptance of digital assets. This puts the UAE and Singapore in a position to determine financial trends in the future.
Qatar National Bank Adopts JPMorgan Blockchain Platform
Qatar National Bank (QNB) is adopting JPMorgan’s blockchain platform to handle corporate U.S. dollar payments within Qatar. The shift means businesses using QNB can expect payments that are faster and more secure. The move aims to help users with more cost-efficient methods of payments than traditional banking methods. Instead of relying on multiple intermediaries, the blockchain system allows transactions to move almost instantly. This adds transparency at every stage. For QNB’s corporate clients, this could ease cash flow management and improve trust in cross-border and domestic transactions. The decision also shows Qatar’s growing focus on financial innovation, joining a global wave of banks turning to blockchain to modernize how money moves.
U.S. PCE Inflation Inches Up To 2.7%; Meets Expectations
In August, U.S. PCE inflation inched up slightly to 2.7% from 2.6% in July, according to the Personal Consumption Expenditures (PCE) Price Index. This was right in line with what economists had predicted. Looking at the core PCE, which strips out the more unpredictable costs of food and energy, inflation stayed steady at 2.9%, the same as July. On a month-to-month basis, prices rose 0.3% overall, with the core index up 0.2%. The report also showed that Americans’ personal income grew by 0.4%, giving households a bit more spending power. Meanwhile, personal spending climbed 0.6%, suggesting people are still willing to spend despite rising prices. In short, inflation is creeping up slowly, but income and spending remain strong, showing that the U.S. economy is holding steady even as prices continue to rise. It’s a snapshot of steady growth rather than any sudden spikes or slowdowns.
Canary Capital Files for Spot Solana ETF With Built-In Staking Feature
In an effort to provide investors with simpler access to the rapidly expanding blockchain, Canary Capital has formally submitted an application for a Solana ($SOL) ETF to the U.S. SEC. In contrast to conventional ETFs, this one would stake Solana in addition to holding it directly, allowing investors to profit from staking without having to deal with the technical difficulties. It would be a significant step for Solana if it were accepted, indicating that American markets are becoming more receptive to cryptocurrency assets other than Bitcoin and Ethereum. The action establishes Solana as a major player in the upcoming generation of regulated cryptocurrency investment products and underscores the growing institutional demand for the company’s ecosystem.
Avalanche Partners With Mirae Asset
Avalanche and Mirae Asset are collaborating to tokenise investment funds in order to introduce a novel method to fund management. Through the use of Avalanche’s quick blockchain technology, the collaboration seeks to increase transparency and accessibility to fund ownership. Fund managers can streamline processes and increase efficiency, while investors may gain from faster settlements and greater flexibility. In a significant move into Southeast Asia, Hong Kong’s OSL also purchased Indonesia’s Koinsayang exchange. Through the agreement, OSL has access to Indonesia’s sizable user base and expanding cryptocurrency market. These actions collectively demonstrate the growing convergence of traditional and cryptocurrency finance, creating new avenues for innovation and international growth.
SEC Crypto Task Force Meets VanEck to Discuss ETF Rules and DeFi Oversight
The SEC Crypto Task Force convened with crypto company VanEck on September 25. The discussions were held to talk about some of the most important regulatory concerns in the digital assets sector. The discussion touched on topics including liquid staking tokens, crypto ETFs, and the tokenisation of investment funds. It is interesting to note that the talks come at a time when virtual currencies are becoming closer to mainstream finance. In order to ensure compliance and protect investor funds, they also discussed DeFi monitoring and digital asset custody regulations. The move comes amid a rise in emphasises that the SEC’s is giving towards the commitment to maintain communication with industry participants and develop rules that stimulate innovation. The SEC has time and again tried to bring in new rules that will protect crypto investors from frauds and scams. For the quickly changing crypto industry, it is a part of a larger movement to develop more precise and useful regulations.
Sam Altman’s World Project Integrates Chainlink CCIP
Sam Altman’s World Project is including Chainlink CCIP, in its world project. The inclusion will enable seamless transfers of $WLD tokens between Ethereum and World Chain. This gives both networks greater flexibility and easier access to liquidity. In order to provide real-time, high-quality market data in less than a second, the project is also implementing Chainlink Data Streams. DeFi apps on World Chain will particularly benefit from this update, which provides them with faster and more dependable price feeds for trading and risk management. Through the integration of cross-chain transfers and robust data tools, World Project is strengthening its infrastructure and increasing its appeal to both DeFi developers and regular users.
U.S. Senate to Hold High-Profile Hearing on Digital Asset Taxation
The U.S. Senate is getting ready to delve deeper into the topic of taxing digital assets. Next week, a high-profile hearing is scheduled that will place tax attorneys, policy activists, and cryptocurrency executives like the vice president of Coinbase in the hot seat. On October 1, Senator Mike Crapo, the chair of the Finance Committee, will hold a meeting titled “Examining the Taxation of Digital Assets.” The session will also include Andrea Kramer of ASK Kramer Law, Jason Somensatto, the policy director of the Coin Centre, and Annette Nellen, chair of the Digital Assets Tax Task Force of the American Institute of CPAs. But the focus will be on Lawrence Zlatkin, Vice President of Tax at Coinbase. Interestingly, the Dirksen Senate Office Building will be the source of the broadcast for the session.
Nine European Banks Stay In Talks To Launch MICA-Complaint Euro Stablecoin By H2 2026
Nine European banks including ING, UNICREDIT, AND CAIXABANK are teaming up to launch the a MICA complaint Euro stablecoin. The banks aim to launch the stablecoin by the second half of 2026. The launch will comes via a new company which will be based in the Netherlands. The aim of the launch is to be overseen and licensed by the Dutch central bank. For a long time, US dollar assets and issuers have controlled stablecoin markets. The euro is the second most widely used currency in the world. However, the new launch can help bring more Euro dominance in the market.