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Sat, Oct 10
6 itemsOPay filed for a US IPO on the strength of 50 million monthly active users, while US regulators moved on event contracts and the CFPB eased bank exams. Crypto infrastructure drew scrutiny as XRP Ledger patched a critical bug and Ledger investigated wallet tampering.
OPay files for US IPO, citing 50 million monthly active users
Emerging-markets fintech OPay filed a registration statement with the SEC for a proposed US IPO, saying it has 50.1 million monthly active users and sees a market of billions of users and millions of merchants.
Why it mattersA listing would give public-market investors rare exposure to an emerging-markets payments platform and test appetite for fintech IPOs.
CFTC moves to treat event contracts as swaps
The CFTC proposed a formal rule to classify certain event contracts, including those on platforms like Kalshi, as swaps requiring its oversight, as Blockchain.com applied for CFTC licenses to offer event contracts and crypto derivatives.
Why it mattersThe rule would expand CFTC authority over prediction markets and shape how crypto platforms structure US derivatives offerings.
XRP Ledger patches decade-old bug that could mint XRP
Researchers showed a payment could create spendable XRP without the sender funding it, prompting an emergency software release to patch the decade-old flaw.
Why it mattersA flaw allowing unbacked XRP would have undermined confidence in the ledger's supply integrity; the fix closes that risk.
Ledger investigates wallet tampering after $86 million reported stolen
Ledger said it is investigating devices sold by a Southeast Asian reseller after reports of crypto drained from Bitcoin, Ethereum and Tron addresses, with social posts citing $86 million stolen.
Why it mattersHardware wallet trust is foundational to self-custody; a supply-chain compromise would push users toward custodial alternatives.
Trump presses Congress to pass Credit Card Competition Act
President Trump is urging Congress to pass the Credit Card Competition Act, which would require cards from major banks to support at least two networks, as merchant lobbyists intensify their push.
Why it mattersThe bill would reshape card routing economics for Visa, Mastercard and issuing banks if it becomes law.
Visa survey finds nearly half of APAC consumers open to stablecoins
A Visa survey of 14,250 people found growing interest in stablecoin payments in Asia-Pacific by 2031, though only 6% of respondents correctly understood how stablecoins work.
Why it mattersPayment networks are gauging stablecoin demand in a key growth region, even as consumer understanding lags.