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1Bitget Daily Digest(October 28)|S. today. Trump nominates Michael Selig as CFTC Chairman. Stablecoin USD1 enters partnership with Enso.2Research Report|In-Depth Analysis and Market Cap of Common Protocol (COMMON)3Is Monero (XMR) Gearing Up for a Bullish Breakout? This Key Pattern Formation Suggest So!
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- 00:44Visa announces support for four additional stablecoins, operating on four public blockchains and covering two fiat currencies.ChainCatcher news, according to The Block, payment giant Visa announced that it will add support for four stablecoins, which operate on four different blockchains. CEO Ryan McInerney stated during the company's fourth-quarter earnings call on Tuesday that the company is "adding support for four stablecoins, which run on four unique blockchains, covering two fiat currencies. We can accept and convert them into more than 25 traditional fiat currencies." McInerney revealed that Visa card spending related to stablecoins in the fourth quarter increased fourfold compared to the same period last year. Since 2020, Visa has facilitated over $14 billions in cryptocurrency and stablecoin flows, including users purchasing more than $10 billions in cryptocurrency and stablecoin assets using Visa credentials.
- 00:28Australian financial regulator issues updated guidelines, plans to expand cryptocurrency regulatory scopeJinse Finance reported that the Australian Securities and Investments Commission (ASIC) released a revised version of Information Sheet 225 (Info Sheet 225) on Tuesday, clarifying which digital asset products and services may be classified as financial products under the Corporations Act framework. The latest update replaces the previous term "crypto-asset" with the broader term "digital assets," aiming to comprehensively cover virtual assets, tokenized assets, and token-based products without omissions. Although this guidance does not have the force of new law, ASIC stated that its purpose is to provide greater regulatory certainty for businesses ahead of the Australian Treasury's planned introduction of the Digital Asset Platforms and Payment Service Providers bills. This bill will introduce a formal licensing regime for cryptocurrency exchanges, custody platforms, and certain stablecoin issuers. In addition, ASIC reiterated that, under current laws, many digital assets—including yield-bearing tokens, staking programs, and asset-referenced stablecoins—may require an Australian Financial Services license. This final version of the guidance is based on ASIC's consultation work conducted in December 2024, expanding the number of practical case studies from 13 to 18 and adding new chapters on custody, fund management, and transitional exemptions. These practical cases cover a wide range of topics, including exchange-issued tokens, gaming-related NFTs, yield-bearing stablecoins, wrapped tokens, and staking-as-a-service platforms.
- 00:27Neutron: Bitcoin Summer Vault will close on November 1On October 29, Cosmos cross-chain smart contract platform Neutron officially announced that the Ethereum-based Bitcoin Summer Vault will be closed on November 1, and depositors have 4 days left to withdraw their funds.