Tag: CRYPTOS FoxBusiness

By the Numbers

The launch of $OUSD is crucial for Solana’s market landscape, as it seeks to enhance its appeal to businesses operating within the ecosystem. The stablecoin’s backing by $18 million in reserves indicates a strong financial foundation, which is vital for fostering user trust and adoption. Given the competitive nature of the stablecoin market, $OUSD’s success will hinge on its ability to attract users away from leading competitors.

Solana is a high-performance blockchain designed for decentralized applications and crypto projects, facilitating fast transactions and lower fees. The launch of $OUSD underlines Solana’s commitment to expanding its financial services offerings, enhancing its position as a go-to platform for businesses and developers in the crypto space.

Key Levels to Watch

Traders and market observers will be keenly watching $OUSD’s adoption rates and market performance in the coming weeks. Key indicators will include the speed of integration into existing platforms and the response from established competitors. Additionally, potential partnerships and user feedback will be critical in determining $OUSD’s trajectory in the stablecoin market. As the competitive landscape evolves, $OUSD’s ability to differentiate itself will be instrumental in shaping its future success.

The information provided is based on current data and market conditions, which are subject to change.

The ICBA is one of the largest banking advocacy organizations in the U.S., typically representing smaller institutions. It also played a significant role in pushing back against the Digital Asset Market Clarity Act that failed to advance in the U.S. Senate last month — in part due to the bankers’ objections that its stablecoin provisions didn’t protect them against direct competition with the deposit accounts that are core to their businesses. Now, the group is targeting the trust charters crypto firms are pursuing as an entry point into the U.S. banking and payments system.

“Congress did not create the national trust charter as a side door into the banking system for crypto firms seeking the credibility of a federal bank charter,” ICBA President and CEO Rebeca Romero Rainey said in a statement, adding that the firms don’t get the same obligations on such things as capital, liquidity, supervision and the need for insurance from the Federal Deposit Insurance Corp.

Asked for comment by CoinDesk, an OCC spokesperson said the agency “does not comment on litigation.”

The OCC has been granting a steady stream of trust charters to crypto firms, however those companies don’t operate under the same business model or intend to offer the same services as typical community banks. For instance, they don’t offer the same kind of cash deposit accounts for which FDIC insurance is designed and required.

The final quarter of 2026 will see significant token unlocks for many projects in the cryptocurrency market. According to CryptoRank data, numerous projects will conduct their first major “peak” unlocks, releasing tokens allocated to investors, team members, early supporters, and other initial participants.

Such key releases are closely watched by investors because they can cause a significant increase in the amount of tokens in circulation in a short period of time. In particular, the release of a large amount of tokens relative to market capitalization can raise concerns about increased selling pressure.

The U.S. labor market showed weakness in September, potentially giving the Federal Reserve room to hold interest rates even as inflation remains elevated.

The U.S. added 29,000 jobs in September, according to the government’s Nonfarm Payrolls Report released Friday morning. That was below the consensus forecast of 90,000 and compared with August’s gain of 133,000 (revised down from an originally reported 162,000).

The unemployment rate rose to 4.2%, versus expectations of 4.1% and August’s reading of 4.1%.

In addition to August’s downward revision, July’s 21,000 jobs gain was revised to a jobs loss of 10,000.

Already higher on the session, bitcoin continued just under $87,000 in the minutes following the release. U.S. stock index futures were adding to gains, the Nasdaq rising 1.2%.

The 10-year Treasury yield slumped by 7 basis points to 5.17%, and the 2-year yield fell by a similar margin to 4.71%. Gold gained more than 1%, and the greenback fell versus major currencies.

Checking other report numbers, average hourly earnings rose just 0.1% last month, well shy of forecasts for 0.3% and August’s 0.3%. On a year-over-year basis, average hourly earnings were higher by 3% against forecasts for 3.2% and August’s 3.1%.

The leading cryptocurrency, Bitcoin, got off to a strong start in October. After being stuck in the $82,000–$85,000 range at the end of September, $BTC broke above this consolidation zone and rose to levels around $86,900.

While the continuation of the upward trend for $BTC is being closely watched, global and cryptocurrency markets are focused today on critical employment data from the US. The main reason for this is the impact of the employment market on the Fed’s monetary policy.

Whether the announced figure comes in significantly above or below expectations could increase volatility in risky assets, including the Fed’s interest rate policy, US bond yields, the dollar, gold, and Bitcoin. Conversely, a lower-than-expected employment figure could signal a weakening US labor market, strengthening expectations of Fed interest rate cuts; in this scenario, a potential decline in the dollar and bond yields could support demand for risky assets like Bitcoin.

In contrast, perpetual swaps never expire. Instead, they use a funding rate mechanism to anchor the contract price to the spot index, theoretically offering investors the closest possible proxy to trading the actual VIX spot price.

“Traders don’t have to worry about expiries and decay and just focus on the direction of where they think the underlying is heading. The VIX is one of many more indexes, assets and metrics that will be perpified. We expect to see a strong wave of perp-ification to occur in the coming months,” Martin Lee, market insights lead at DWF Labs, told CoinDesk.

Some crypto exchanges like Gate already offer VIX/USDT perps, but the market is highly illiquid with little noticeable volume. Recently Hyperliquid listed futures tied to bitcoin’s VIX – Volmex’s bitcoin implied volatility index.

A potential launch of VIX futures could bring more traders to volatility markets. More buyers and sellers and more hedging by market makers across VIX futures and other S&P 500 derivatives could pull the various VIX products into closer agreement.

However, costs still exist in the form of funding payments. Also the index is really just mathematical calculation and doesn’t exist like bitcoin, which creates a channelge for market makers, who cannot easily buy and sell the “spot” to hedge their risks, just as $BTC market makers do.

“For us, the interesting question is how funding would anchor an index that cannot be bought as a cash asset. Removing expiry does not remove hedge costs or basis risk. Until contract terms exist, this is a potential new volatility market, not a cheaper substitute for options convexity,” analysts at Marex Solutions said in an email.

For now, Cboe’s plan shows just how fast traditional and crypto market structures are converging to support advanced volatility products. Stay alert!

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s Crypto Week Ahead.

“It’s coming home,” Tether CEO Paolo Ardoino proclaimed on X last week, referring to the return of his company’s stablecoin, $USDT, to the Bitcoin network.

Tether’s $USDT, the world’s largest stablecoin with a market cap of nearly $190 billion, began life on Bitcoin in 2014 on its Omi protocol, before Ethereum and later Tron became its primary venues.

$USDT is now set to return to the world’s oldest blockchain through Tether-backed infrastructure project Utexo, which is expected to begin issuing the world’s largest stablecoin on the Bitcoin network this month.

Utexo, which was founded in 2025 and raised $7.5 million in funding earlier this year, has been granted the commercial license to issue $USDT on Bitcoin, using the stablecoin’s trademark to bring it to exchanges, wallets and payment providers, Utexo co-founder Viktor Ihnatiuk told CoinDesk in a Telegram message.

“Tether has always been a Bitcoin company,” Ihnatiuk told CoinDesk in a recent interview. “Bitcoin for them is a stability haven, along with gold. That’s why Tether kept buying $BTC and supporting the Bitcoin community.”

Tether holds around 100,000 $BTC ($8.4 billion) as of mid-August this year, according to Bitcoin Treasuries.