Binance Files Brazil License Ahead of Regulatory Deadline

Binance has filed for a crypto license in Brazil ahead of an upcoming regulatory deadline while scheduling adjustments to margin collateral ratios, leverage, and pairs. In the broader market, Bitcoin hovered just below the $80,000 threshold at $79,979.81, while BNB held flat at $740.09 despite a 5.09% drop in BSC total value locked to $5.49B. Key industry developments included Ripple securing final OCC approval for its national trust bank and Ark Invest offloading $15.9M in Bitcoin ETF shares.

• Binance submitted its application for a crypto license in Brazil ahead of the October 30 deadline, delisting 22 crypto assets for Brazilian users.
• BNB traded steady at $740.09 (+0.01%), while BSC TVL decreased 5.09% in 24 hours to $5.49B.
• Bitcoin fell slightly by 0.48% to trade at $79,979.81 with over $1.2B in 24-hour Binance trading volume.
• Ripple received final OCC approval to establish a national trust bank to manage reserves for its $2.6B RLUSD stablecoin and provide digital asset custody.
• Binance scheduled collateral ratio updates for Cross Margin and Portfolio Margin and announced the delisting of select spot and margin pairs effective October 30, 2026.
• US spot Bitcoin ETFs saw $110M in net inflows following $774M in exits, though monthly net outflows remain around $202M for October.
• Ark Invest purchased $5.2M of Circle shares while selling $15.9M of its own spot Bitcoin ETF holdings.
• Trading bot platform Bloom pledged to reimburse nine traders after hackers drained $953,000 across 48 wallets.
• Canada published draft stablecoin regulations requiring 1:1 reserves, capping redemption fees at 1%, and prohibiting yield payments.