US Treasury Secretary Scott Bessent said the department can work with the SEC and CFTC to fill crypto regulatory gaps after Congress failed to pass the CLARITY Act. His comment points to federal agencies using existing rulemaking authority to shape digital asset market structure rules instead of waiting for new legislation from lawmakers.

Whale Alert reported that 804 BTC worth about $64.9 million moved from Kraken to Binance. The alert did not identify the sender or the purpose of the exchange-to-exchange transfer.

Shares of Wendy’s are 15% at the opening bell after noted investor Nelson Peltz made an offer to buy the struggling burger chain. Wendy’s shares are down 25% in the past year following a years-long decline. The chain, founded in 1969 by Dave Thomas and named after his daughter, is known for its square burgers and Frosty desserts. But same-store sales, or sales at restaurants open at least a year, have declined for 10 straight quarters. Peltz’s Trian Fund Management and several partners on Wednes

Ripple said it expects to exit 2026 with $900 million in annualized product revenue and has received final OCC approval for its National Trust Bank charter. The company also announced expanded partnerships with BNY and Robinhood. Its RLUSD stablecoin holds a market cap of about $2.6 billion, up roughly 88% year to date.

Google has disclosed an MPC based crypto custody service now in private testing with major financial institutions and plans to demonstrate it at its first Digital Assets Symposium in New York. Commercial launch is targeted for early 2027. Alphabet already uses the system to secure digital assets on Ethereum and Solana. The service splits private key control across independent environments.

Fears over the financing of the artificial intelligence boom are pushing investors toward US Treasuries, even as federal borrowing needs approach $40 trillion and inflation keeps the Federal Reserve outlook uncertain. The biggest bond-market worry on Wall Street may no longer be the Fed. Investors are increasingly asking whether the debt-funded AI buildout can meet its enormous financing needs. Treasuries have recovered from an early-October selloff. Inflation remains elevated, and another rate increase is still possible in December. Reuters reported that concerns about AI infrastructure financing have encouraged investors to move money out of riskier technology bets and into government debt. The shift matters: the 10-year Treasury yield has climbed about 84 basis points in 2026 despite the recent rebound in bond prices. The rally began as investors questioned whether AI infrastructure companies can keep financing costly data centers, chips and power contracts. Corporate borrowing linked to AI has expanded quickly. Goldman Sachs estimates hyperscaler debt issuance could reach $420 billion in 2027, roughly 60% above projected 2026 levels. Investors are growing more selective. CoreWeave, a major Nvidia cloud-computing partner, recently saw its bond yields approach 15%, a sign of concern over its borrowing needs and its ability to fund additional capacity. Its credit-default swaps also exceeded 1,000 basis points, indicating investors wanted much more compensation for potential credit losses. That helps explain the gap between weak AI credit markets and stronger demand for US government securities. Buying Treasuries lifts prices and lowers yields, a mechanism that works independently of changes in the Federal Reserve benchmark rate. The $40 trillion debt problem has not gone away. Federal debt stands around $40 trillion, while annual budget deficits remain near 6% of gross domestic product. The government must regularly issue new securities to fund spending and refinance existing obligations, adding supply that investors must absorb. Coinpaper previously examined how bond buybacks by Treasury Secretary Scott Bessent could improve market liquidity without removing the underlying borrowing pressure. The problem was visible when Treasury yields reached about 5.35% earlier in October, their highest since 2002. The recent recovery has not erased those concerns. PIMCO previously described government bonds as unusually attractive after the yield surge, pointing to valuations that may appeal to investors seeking shelter from technology-market volatility. The Fed is widely expected to keep its benchmark rate steady at its October 28 meeting, though investors remain worried about another increase in December. Persistent inflation and elevated energy prices could push policymakers to keep borrowing conditions restrictive. AI-related credit risks are exerting a different pull on markets. As a Coinpaper examination of AI financing explained, developers increasingly borrow against future computing revenue before expensive infrastructure starts generating enough cash. That leaves a potential vulnerability if demand disappoints or refinancing costs rise. A recent analysis of $466 billion in AI debt also explored the risks for bondholders, private lenders and institutional investors.

ТЕРМІНОВО: Ripple уклала партнерство з Coinbase, щоб розширити використання свого криптовалютного стейблкоїна $RLUSD у торгівлі, платежах та інституційних фінансах.

Rising crude oil prices and weaker gold could keep the TSX under pressure at the open today, while fresh quarterly earnings reports and interest rate decisions from the Bank of Canada and the U.S. Fed could shape market sentiment.

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