The day's news in five stories, every morning and evening. Summarized by AI from trusted sources, so you don't have to read it all.
Thursday, October 29, 2026
Morning edition Crypto & Bitcoin briefing
Listen · 3 min 6 s
Ripple predicts XRP growth with institutional adoption
Ripple is approaching a $900 million annualized product revenue run rate as institutional custody and payment channels expand around XRP. Ripple CEO Brad Garlinghouse rejects rumors that Ripple is ditching XRP for RLUSD.
Why it matters: Institutional adoption of XRP could signal broader acceptance of cryptocurrency in traditional finance.
Sources: Bitcoin.com News · CryptoNews · CryptoSlate · BeInCrypto
Ripple's RLUSD stablecoin gets Moody's investment-grade rating
Ripple's RLUSD stablecoin has received an investment-grade rating from Moody's. It is now available on Coinbase and its Base blockchain.
Why it matters: This marks a milestone for stablecoins, showing growing institutional trust in the asset class.
Sources: Bitcoin.com News · CryptoPotato · CryptoSlate
Utah charges Kalshi and founders with illegal gambling
Utah has filed criminal charges against Kalshi and its co-founders for allegedly promoting online gambling. The charges include 14 counts related to illegal sports gambling.
Why it matters: This case highlights the legal challenges faced by crypto and betting platforms in the United States.
Sources: CoinDesk · The Block · Crypto.news
Singapore users lose millions from tampered Ledger wallets
Singapore users lost approximately $3.5 million after buying tampered Ledger hardware wallets. Police reported the incident and are investigating the malicious devices.
Why it matters: This highlights the risks of purchasing counterfeit crypto hardware and the importance of verifying product authenticity.
Sources: Cointelegraph · Crypto.news
Bithumb faces staff data leak and regulatory raids
Bithumb is under investigation for a potential data leak involving staff information, and South Korean prosecutors have raided its headquarters over allegations of executive misuse of company funds for luxury housing.
Why it matters: The raids and investigations highlight ongoing concerns about security and financial misconduct at major cryptocurrency exchanges.
Sources: CryptoSlate · Crypto.news
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