Fed hike odds climb to 90% on hot inflation, rising oil
Standard Chartered just slapped a 5x price target on a DeFi token most traditional investors have never heard of.
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Institutional crypto adoption continues despite growing market risks.
Italy's largest bank is quietly building crypto infrastructure from scratch.
A major crypto company says it won't pay hackers to get stolen sats back.
And stronger-than-expected inflation data sent rate-hike expectations climbing, but Bitcoin couldn't decide which way to move.
Here's your daily market roundup.
Italy's top lender is quietly building a crypto desk
UniCredit is shopping for a technology provider to launch custody and brokerage services for digital assets.
The Milan-based bank is also weighing tokenized financial products for clients, according to Bloomberg.
If Europe's sixth-largest bank by assets goes live, it could pull other continental lenders off the sidelines.
Markets
Bitcoin brushes off a hot inflation print
Core CPI came in at 0.3% for August, above the 0.2% economists expected.
Fed rate-hike odds jumped to over 85% ahead of next week's meeting.
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Bitcoin dipped toward $76K on the data before reversing sharply higher.
Meanwhile, spot Bitcoin ETFs posted roughly $331M in net outflows, suggesting institutions stayed cautious.
BTC traded near $77K, while ETH climbed past $2,500 and SOL pushed above $101.
Standard Chartered sees SKY token hitting $0.33 by 2028
Standard Chartered initiated coverage of Sky, formerly MakerDAO, with a price target five times current levels.
Analyst Geoff Kendrick called Sky the gateway for institutional capital entering DeFi's stablecoin economy.
A major bank putting a bull case on a governance token signals DeFi is no longer a fringe conversation.
Blockstream recovers 85% of stolen BTC, refuses to pay for the rest
Blockstream clawed back 3,400 of the 4,000 BTC drained from its Liquid Network wallet in September.
The company publicly declined to pay a ransom for the remaining 598 BTC, worth roughly $47M.
Walking away from eight figures sends a clear message: paying hackers is no longer the default playbook.
On Our Radar
The real bottleneck: Crypto prop traders need better systems, not easier entry points.*
Digital deposits get the green light: Canada's banking regulator embraces tokenized money.
Digital bond era: India's regulators are testing tokenized corporate bonds and blockchain settlement.
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