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🚨 JUST IN: HSBC names its upcoming Hong Kong stablecoin "HSBC RedCoin," starting with peer-to-peer and merchant payments.

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πŸ”₯ NEW: Standard Chartered forecasts a roughly 7x rise for $ENA to $2 by end-2028 on the growth of yield-bearing stablecoins.

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πŸ‡ͺπŸ‡Ί OPINION: Europe's crypto rules should protect customers without pricing smaller firms out of the market, argues Sygnum's Simon Schneider.

As the MiCA review consultation closes today, he sets out what needs to change.

Read the full piece:

https://cointelegraph.com/opinion/a-single-market-worth-protecting-getting-the-mica-review-right

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πŸ‡ΊπŸ‡Έ JUST IN: US PCE inflation comes in at 3.4% YoY in August, below the 3.7% expected.

Core PCE, the Fed’s preferred inflation gauge, rises 3.0% YoY versus 3.3% expected.

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πŸ‡ΊπŸ‡Έ NEW: White House AI accord outlines commitments to internal safety controls, independent audits and board oversight for companies developing frontier models.

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⚑️ JUST IN: Commerce Secretary Howard Lutnick disclosed over $250 million in income and other proceeds for 2025, including a $192 million distribution from Cantor Fitzgerald.

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πŸ‡ΊπŸ‡Έ NEW: The SEC is working to provide marketplace clarity so innovative technologies can develop onshore.

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πŸ”₯ BIG: Meta's Muse AI Assistant hits 5 million downloads, outpacing the growth of ChatGPT, Grok and Claude.

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πŸ‡ΊπŸ‡Έ BIG: Senate Republicans officially introduce new crypto tax bill.

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πŸ‡ΊπŸ‡Έ JUST IN: The FTC is reportedly investigating OpenAI and Anthropic over whether they misled consumers about AI model safety, a day after Trump backed industry self-regulation.
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πŸ‡ΊπŸ‡Έ JUST IN: Trump demands Jerome Powell resign immediately from the Fed Board over its headquarters renovation.

He says he has asked Attorney General Todd Blanche to review an inspector general report citing project management deficiencies and costs of at least $2.5 billion.

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🚨 ALERT: MetaMask says it is responding to a security incident affecting part of its infrastructure, with no immediate threat to wallets.

As a precaution, it is exiting affected validators in its staking operations.

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