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Babylon Proposes Native Bitcoin Collateral for Aave V4 Stablecoin Loans

Summary: Babylon Labs proposes enabling native Bitcoin collateral for Aave V4 stablecoin loans, keeping BTC on its native chain to avoid wrapping risks. The plan includes a $500,000 revenue share for Aave DAO and is currently in the ARFC stage awaiting community consensus.

Bitcoin Falls to $80.1K as KOSPI Hits Lowest Close Since April

Summary: Bitcoin fell to $80,154 as South Korea's KOSPI dropped 7.5%, hitting its lowest close since April. Tech stocks like Samsung and SK Hynix led the sell-off amid AI debt concerns, while higher US inflation added pressure on crypto markets.

OCC Report Links Bank Restrictions on Crypto to Financial Crime Concerns

Summary: The OCC found that banks restricted services for digital asset firms, citing financial crime risks, though no specific examples were provided. The report, linked to a Trump executive order, notes institutions also limited coal and firearms sectors due to reputational concerns rather than financial risk.

Standard Chartered Launches Direct Crypto Trading for UAE Wealth Clients

Summary: Standard Chartered launched direct Bitcoin and Ethereum trading for UAE Professional Investors, using a VARA-approved closed-loop model with Zodia Markets. This expands its crypto services from institutional desks to retail wealth management, aiming to provide secure, regulated access without third-party wallets.

Solana Activates Alpenglow Upgrade Oct 21 to Cut Finality to 150ms

Summary: Solana activates Alpenglow on Oct 21, replacing TowerBFT to cut finality to ~150ms. Vote transactions leave the chain, causing TPS metrics to drop despite unchanged activity. Validators face new 0.8 SOL fees, while Rotor updates remain pending.

Crypto Groups Seek Expedited Ruling on Illinois Digital-Asset Tax

Summary: Crypto advocacy groups filed to expedite a court ruling on Illinois's 0.2% digital-asset tax, aiming for a decision by March. This follows a six-month enforcement pause agreed upon earlier this month, moving the effective date to July 2027.