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UK stock market hit by nerves over US banks – BBC

Shares are recovering after a warning of fraud from two US banks triggered a sell-off around the world.
Two US regional lenders, Western Alliance Bank and Zions Bank, said on Thursday that they had been hit by either bad or fraudulent loans, sparking fears of problems in the banking sector.
Some of the UK's biggest banks, including Barclays and Standard Chartered, saw their share prices fall more than 5% on Friday morning, before recovering.
The FTSE 100 index of leading shares had dropped about 1.5% at one point before regaining some ground.
The US S&P 500 benchmark was marginally up in early trading after Donald Trump appeared to indicate that high tariffs (export taxes) on China may not be "sustainable".
On Thursday, Zions Bank said it would write off a $50m loss on two loans, while Western Alliance disclosed it had started a lawsuit alleging fraud.
"Pockets of the US banking sector including regional banks have given the market cause for concern," said Russ Mould, investment director at AJ Bell.
"Investors have started to question why there have been a plethora of issues in a short space of time and whether this points to poor risk management and loose lending standards."
"Investors have been spooked," he added, saying that while there was no evidence of any issues with UK-listed banks, "investors often have a knee-jerk reaction when problems appear anywhere in the sector".
Bank shares in Europe were also hit, with Germany's Deutsche Bank down more than 5% and France's Societe Generale dropping 4%, before recovering some ground.
Asian markets fell earlier on Friday. Japan's Nikkei index closed down 1.4% and in Hong Kong the Hang Seng Index ended the day 2.5% lower.
But shares of some of the US banks hit hardest on Thursday appeared poised to claw back some ground.
In early morning trade on Friday, shares in Zions Bank were up about 5%, following its 13% fall on Thursday. Shares in Western Alliance Bancorp, which had dropped almost 11%, were also up roughly 3%.
In an interview on the Fox Business Network, the director of the White House National Economic Council described the issues as "messes" left by the Biden administration, while maintaining that US banks were well positioned to handle the stress.
"Right now, the banking sector has ample reserves," Kevin Hassett said. "We're very optimistic that we can stay way, way, way ahead of the curve on this."
Investors have been nervous following the failure of two high-profile US firms, car loan company Tricolor and car parts maker First Brands.
These failures have raised questions about the quality of deals in what is known as the private credit market – where companies arrange loans from non-bank lenders.
This week Jamie Dimon, the boss of the US's largest bank JPMorgan Chase, warned that these two failures could be a sign of more to come.
"My antenna goes up when things like that happen," he told analysts. "I probably shouldn't say this, but when you see one cockroach, there are probably more. Everyone should be forewarned on this one."
There have also been warnings that the surge in artificial intelligence investment has produced a bubble in the US stock market – including from Mr Dimon – leading to fears that shares are overvalued.
The market turbulence on Friday saw the price of gold reach a fresh record high of $4,380 per ounce, as investors looked for safe havens for their money.
Another closely watched measure of market nerves, the VIX volatility index sometimes called the "Fear Index", hit its highest level since April.
The change is a relaxation of rules that were brought in after the 2008 financial crash.
An eyewitness says the damage to the Grade II listed building is "very serious".
The nearest Lloyds branch will be five miles away when the Hedon bank closes in January 2026.
Ian Coulter and Frank Cushnahan deny the charges which relate to the sale of a loan book held by Ireland's National Asset Management Agency.
The closures include four in the Highlands – Nairn, Dingwall, Gairloch and Tain.
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Ripple's $1 billion XRP buyback plan has sparked market enthusiasm, with Arc Miner emerging as a new option for holders. – CoinCentral

Ripple will reportedly repurchase approximately $1 billion in XRP through SPAC financing to replenish its Digital Asset Treasury (DAT); the company already holds approximately 4.5 billion XRP, with an additional 37 billion held in escrow. Ripple also previously acquired GTreasury for $1 billion, strengthening its treasury infrastructure for stablecoins and tokenized assets.
Arc Miner is also closely monitoring XRP market trends and has launched an XRP cloud mining solution. Leveraging intelligent computing power and renewable energy, Arc Miner offers investors a new passive income path during Ripple’s expansion cycle. As XRP market activity continues to grow, Arc Miner is becoming a crucial bridge between traditional finance and the decentralized computing economy.
While Bitcoin and Ethereum continue to dominate the ETF market, Ripple’s utility and network adoption are rapidly closing the gap. However, savvy investors know that ETF hype alone doesn’t guarantee sustained returns.
That’s where Arc Miner comes in. A fully compliant, AI-powered cloud mining platform, Arc Miner transforms idle cryptocurrency into an efficient, automated income. With no hardware, no maintenance, and no technical barriers required, anyone can start earning cryptocurrency safely and sustainably.
1: Visit the Arc Miner website and create your account — receive a $15 bonus.
2: Securely connect your digital wallet — complete the deposit and withdrawal setup.
3: Choose a mining contract that suits your budget and duration.
4: Start mining — your earnings are paid daily.
5: Affiliate program rewards: Affiliate program maximum bonus (3% + 2%), referral commission, and a generous bonus pool.
⦁ [Free Mining Contract] Principal: $15, 1-day term, total return: $15.6
⦁ [Trial Contract] Principal: $100, 2-day term, total return: $107.4
⦁ [Classic Mining Contract] Principal: $500, 6-day term, total return: $540.5
⦁ [Classic Mining Contract] Principal: $2,500, 20-day term, total return: $3,225
⦁ [Premium Mining Contract] Principal: $10,000, 40-day term, total return: $16,560
⦁ [Super Mining Contract] Principal: $100,000, 50-day term, total return: $205,500.
1: Operating in over 70 mining locations worldwide with over 6 years of uptime
2: Powered by 100% renewable energy for eco-friendly mining
3: Bank-grade protection with SSL encryption and cold wallet storage
4: Legally registered and fully compliant in the UK
5: Fixed contract income, no hidden fees, and an ultra-low entry point
6: 24/7 support with a response time of less than 3 minutes
7: Supports deposits and withdrawals for BTC, ETH, XRP, DOGE, LTC, USDT, SOL, BNB, and more
As cloud mining matures, Arc Miner has become the preferred choice for XRP holders seeking stable, long-term crypto income. It combines security, sustainability, and true transparency to deliver not only profits but also peace of mind.
Don’t wait, start earning today. Turn your XRP into daily cash flow in just a few clicks.
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Weekly Recap: Binance’s Massive User Rescue, DOJ’s $15B Bitcoin Seizure – unchainedcrypto.com

 | Posted October 17, 2025 at 10:33 am EST.

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Pi Network Enhances Customization, Traders Eye Potential Pi Coin Upside – crypto-economy.com

HomeCompaniesPi Network Enhances Customization, Traders Eye Potential Pi Coin Upside
TL;DR
Pi Network is evolving its developer ecosystem. They recently announced the launch of a new Pi Studio update. This improvement focuses on making app creation more accessible and customizable, seeking to deepen community engagement among developers and users.

The most notable change is the relocation of Pi Studio. Previously relegated to the “Utilities” tab, it now enjoys direct access from the top navigation bar in the desktop application (Pi Desktop), placing it next to the mining app and the node. This strategic move drastically simplifies access for creators.
The standout innovation of this Pi Studio update is the expansion of Artificial Intelligence integration. That is, developers can now use AI tools to automatically generate logos and welcome messages from the chat box and in custom applications. These tools are designed to promote flexibility and accelerate the development cycle.
Additionally, the “Discovery Apps” feature has been redesigned, which now allows “Pioneers” (the network’s users) to vote and staking  Pi on the community apps they deem most valuable.Pi Network is evolving its developer ecosystem
Despite continuous efforts to expand the ecosystem, the network’s native token does not reflect this optimism. Currently, Pi Coin is trading at $0.2020, representing a severe drop of 11.2% compared to the previous week. The token shows a pronounced bearish trend, trading dangerously close to its all-time low.
The outcome of this new technical catalyst on the price remains uncertain. However, industry experts view the Pi Studio update favorably. Analyst “Dr. Altcoin” noted that this improvement allows users to create their own functional business apps for an incredibly low cost, under 2 Pi Coins.
The expert also highlighted that the network has already surpassed 24,000 launched applications, a milestone that demonstrates strong adoption of the development platform, regardless of short-term price action.
 
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Is BlackRock About To Go Public With Ripple And XRP? Here’s What We Know – TradingView

Rumors are circulating that BlackRock has partnered with Ripple to tokenize real-world assets on the XRP Ledger (XRPL). There has been no confirmation from either party, suggesting that these rumors may not be accurate.
Rumors Circulate About BlackRock’s Partnership With Ripple and XRP
In an X post, XRP influencer JackTheRippler said that there are rumors that BlackRock is about to announce a partnership with Ripple to tokenize assets on the XRPL. Other XRP influencers, such as CryptoSensei and Bale, also shared the rumor, sparking excitement among XRP community members. 
However, BlackRock and Ripple have yet to issue an official announcement about the rumored partnership, suggesting these claims may not be true. However, BlackRock CEO Larry Fink confirmed that they are building their own technology to tokenize several of their funds and expand their crypto offerings. 
The BlackRock CEO noted that tokenization can help crypto-native investors access more traditional assets. He further remarked that if they could tokenize an ETF, they could get these investors into the more traditional long-term retirement products. Notably, the asset manager already has products, such as its tokenized money market fund, BUIDL, which runs on the Ethereum network. 
It is worth mentioning that Ripple already partnered with the fund’s manager, Securitize, to enable off-ramp support for BlackRock’s BUIDL using their RLUSD stablecoin. This has so far been the closest to a partnership between Ripple and BlackRock amid rumors that the asset manager plans to tokenize assets on the XRP Ledger. 
However, Ripple has so far helped advance upgrades to the XRP Ledger, which could compel institutions like BlackRock to tokenize their funds on the XRPL. This has included the launch of the Multi-Purpose Token (MPT) standard, which is designed to simplify the tokenization of real-world assets (RWAs). 
Ripple Expands Into Treasury Markets
While rumors of a Ripple and BlackRock partnership do not appear to be accurate, there are other recent developments that provide a bullish outlook for XRP. This includes Ripple’s expansion into the corporate treasury markets through the $1 billion acquisition of GTreasury, a provider of treasury management systems. 
As part of the deal, Ripple and GTreasury will focus on enabling customers to carry out real-time cross-border payments using Ripple’s payment solution, in which XRP serves as the bridge currency. Meanwhile, according to Bloomberg, Ripple is also working to raise up to $1 billion to establish an XRP treasury company. The crypto firm plans to contribute some of its XRP holdings to set up the firm, while the proposed $1 billion is expected to be raised through a special purpose acquisition company (SPAC). 
At the time of writing, the XRP price is trading at around $2.35, down over 2% in the last 24 hours, according to data from CoinMarketCap.
Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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