Welcome to Markets Desk, here's what's moving the tape this hour.
The Financial Stability Board is raising red flags ahead of the G20, warning that cross-border stablecoins and AI-driven cybersecurity threats pose meaningful risks to the global financial system. The watchdog is pressing policymakers to act, a signal that regulatory frameworks for digital assets are moving closer to the center of the macro conversation.
Staying in crypto, XRP staged a recovery after a bruising stretch that saw over forty million dollars in long liquidations swept across Binance, Bybit, and OKX during a two-day window earlier this month. Futures exposure is rebuilding, though exchange-level open interest remains below pre-liquidation levels, suggesting traders are cautious about re-entering with full conviction. XRP was trading near one dollar forty at last check.
On the equities side, Cathie Wood's ARK Invest has been steadily accumulating Rocket Lab shares, adding roughly one point three million shares across three separate purchases between late August and early October. The stock is trading at less than half its record high, and Wood's continued buying signals she views the current discount as a long-term entry point in the commercial space sector.
That's the tape. Markets Desk, signing off the floor.
