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Venezuelan Nobel Peace Prize winner María Corina Machado dedicates award to Trump for ‘decisive support’

Venezuelan opposition leader and newly minted Nobel Peace Prize winner María Corina Machado dedicated the award on Friday to both President Donald Trump and the ‘suffering people of Venezuela.’

Machado, a leading figure in the resistance against Venezuela’s ruling party, took to X to acknowledge the honor and to praise Trump for his support.

‘This recognition of the struggle of all Venezuelans is a boost to conclude our task: to conquer Freedom,’ Machado said. ‘We are on the threshold of victory and today, more than ever, we count on President Trump, the people of the United States, the peoples of Latin America, and the democratic nations of the world as our principal allies to achieve Freedom and democracy. 

She added, ‘I dedicate this prize to the suffering people of Venezuela and to President Trump for his decisive support of our cause!’

Machado has previously been outspoken in her support for the Trump administration’s actions against Venezuelan President Nicolás Maduro’s regime and the country’s narco-trafficking network.

Last month, following reports that a U.S. strike killed 11 alleged Tren de Aragua narco-terrorists transporting drugs from Venezuela, Machado appeared on ‘Fox & Friends’ to discuss Maduro’s leadership, saying it was time for him ‘to go.’

‘On behalf of the Venezuelan people, I want to tell you how grateful we are to President Trump and the administration for addressing the tragedy that Venezuela is going through,’ Machado said at the time. ‘ … Maduro has turned Venezuela into the biggest threat to the national security of the U.S. and the stability of the region.’

Trump has also been a vocal critic of Maduro, and the U.S. is among several countries that do not recognize Maduro’s government as legitimate, according to Reuters.

In last year’s election, Machado rallied millions of Venezuelans to reject Maduro. She was described as a ‘brave and committed champion of peace’ by Joergen Watne Frydnes, chair of the Norwegian Nobel Committee.

‘She is receiving the Nobel Peace Prize for her tireless work promoting democratic rights for the people of Venezuela and for her struggle to achieve a just and peaceful transition from dictatorship to democracy,’ Frydnes said.

Trump was also among the contenders for this year’s Nobel Peace Prize, awarded annually to an individual or organization that has made significant contributions to global peace, in the wake of his brokering a historic deal between Israel and Hamas. 

Fox News Digital’s Rachel Wolf and Elizabeth Pritchett contributed to this report.

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Putin praises Trump’s peace efforts as ‘really doing a lot’ to resolve global crises and conflicts

Russian President Vladimir Putin praised President Donald Trump’s efforts to negotiate peace deals around the world, specifically citing his work brokering a truce between Israel and Hamas.

‘He’s really doing a lot to resolve such complex crises that have lasted for years and even decades,’ Putin said at a summit in Dushanbe, Tajikistan, where he met with leaders of nations once part of the former Soviet Union.

The remarks came in response to a question about whether he felt Trump had been passed over for the Nobel Peace Prize.

The award was given Friday morning to Venezuelan opposition leader and democracy activist María Corina Machado.

‘There have been cases where the committee has awarded the Nobel Peace Prize to people who have done nothing for peace,’ Putin said. ‘A person comes — good or bad — and [gets it] in a month, in two months — boom. For what? He didn’t do anything at all.

‘In my view, these decisions have done enormous damage to the prestige of this prize,’ he continued.

In September, Trump alluded to the likelihood that he would again be passed over for the Nobel Prize despite helping to end several conflicts.

‘If this works out, we’ll have eight — eight in eight months. That’s pretty good,’ Trump said during remarks to dozens of top generals and admirals in Quantico, Virginia. ‘Nobody’s ever done that. Will you get the Nobel Prize? Absolutely not.

‘They’ll give it to some guy that didn’t do a damn thing,’ he continued. ‘They’ll give it to the guy who wrote a book about the mind of Donald Trump and what it took to solve the wars. The Nobel Prize will go to a writer.’

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War Department launches new counter-narcotics task force under Trump directive to crush cartels

Secretary of War Pete Hegseth on Friday announced that the Department of War (DOW) is establishing a new counter-narcotics Joint Task Force in the Caribbean Sea. 

Hegseth said the task force’s aim would be to ‘crush the cartels, stop the poison, and keep America safe. The message is clear: if you traffic drugs toward our shores, we will stop you cold.’

The task force is launching at the direction of President Donald Trump, he said, in the SOUTHCOM area, which covers the Caribbean and Latin America. 

The U.S. Southern Command said in a release that the task force was being launched under the II Marine Expeditionary Force on Friday ‘to synchronize and augment counter-narcotics efforts across the Western Hemisphere.’

‘Transnational criminal organizations threaten the security, prosperity, and health of our hemisphere,’ Admiral Alvin Holsey, the commander of SOUTHCOM, said in a statement. ‘By forming a JTF around II MEF headquarters, we enhance our ability to detect, disrupt, and dismantle illicit trafficking networks faster and at greater depth – together with our U.S. and partner-nation counterparts.’

This comes as the administration has begun strikes against boats in the Caribbean it says are linked to drug trafficking networks.

The administration has conducted a series of fatal strikes against four small boats believed to be carrying drugs over the last few months.

It said 21 people were killed in the strikes.  

The attacks have alarmed Democratic lawmakers as the administration hasn’t detailed what evidence it had against the targeted boats or their passengers. 

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Kim Jong Un shows off ‘most powerful’ ballistic missile as foreign leaders watch North Korea military parade

North Korean leader Kim Jong Un displayed a new long-range intercontinental ballistic missile at a military parade in Pyongyang that included foreign leaders on Friday. 

The yet-to-be-tested Hwasong-20 was described by the state-owned Korean Central News Agency as having the ‘most powerful nuclear strategic weapons system.’

The government also displayed shorter-range ballistic, cruise and supersonic missiles at the military parade, which marked 80 years since the founding of the Worker’s Party.

Kim said at the parade that the military ‘must continue to evolve into an invincible force that eliminates all threats.’

The foreign dignitaries at the parade included Chinese Premier Li Qiang, former Russian President Dmitry Medvedev, and Vietnam’s Communist Party chief To Lam. 

Kim also met with Medvedev on Friday, who praised the sacrifice of North Korean soldiers fighting with Russia in Ukraine. 

Kim said he hoped to strengthen ties with Russia and work together toward common goals. 

Last summer, Kim’s sister Kim Yo Jong warned the U.S. to not attempt to restart talks centered around denuclearization, adding that Pyongyang would view any attempt to pressure North Korea to denuclearize as ‘nothing but a mockery.’ 

‘If the U.S. fails to accept the changed reality and persists in the failed past, the DPRK- U.S. meeting will remain as a ‘hope’ of the U.S. side,’ Kim Yo Jong said, referring to the nation by its official name, the Democratic People’s Republic of Korea.

The Associated Press and Reuters contributed to this report. 

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Trump declared in ‘excellent overall health’ by doctor after Walter Reed visit

President Donald Trump is in ‘excellent overall health,’ the president’s doctor said in a memorandum after a follow-up evaluation at Walter Reed National Military Medical Center on Friday. 

Earlier this week, the White House announced that Trump, 79, would undergo a ‘routine’ semiannual physical on Friday. 

The president also met with troops while at the hospital in Bethesda, Maryland. 

‘President Donald J. Trump successfully completed a scheduled follow-up evaluation at Walter Reed National Military Medical Center,’ Navy Capt. Sean P. Barbabella, the physician to the president, wrote in a memorandum to White House press secretary Karoline Leavitt. 

Barbabella said that the visit was part of an ongoing health maintenance plan that included ‘advanced imaging, laboratory testing and preventative health assessments conducted by multidisciplinary team of specialists.’ 

He added, ‘Comprehensive laboratory studies performed in conjunction with the visit were exceptional, including stable metabolic, hematologic and cardiac parameters.’

In his summary, Barbabella said Trump, ‘remains in exceptional health, exhibiting strong cardiovascular, pulmonary, neurological, and physical performance.’ 

Barbabella also said Trump also received updated COVID-19 and flu shots in preparation for international travel. 

‘President Trump continues to demonstrate excellent overall health,’ he wrote, adding that his cardiac age was found to be ‘approximately 14 years younger than his chronological age. He continues to maintain a demanding daily schedule without restriction.’ 

The medical checkup will be Trump’s second this year. He had a similar exam in April, during which his physician stated that he ‘remains in excellent health.’

In July, the president was diagnosed with a vein condition known as chronic venous insufficiency. At the time, Leavitt said Trump had noticed ‘mild swelling’ in his lower legs and was evaluated by the White House medical unit.

Chronic venous insufficiency occurs when veins in the legs struggle to allow blood to flow back up to the heart.

Leavitt attributed the bruising on the president’s hand to ‘frequent handshaking and the use of aspirin.’

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Locksley Announces Major Advancement at Mojave as Structural Mapping Expands Scale of Antimony Target with a 400% Increase in Target Strike Length

Locksley Resources, Ltd. (ASX: LKY,OTC:LKYRF; OTCQX: LKYRYF) announced that recent structural mapping has significantly expanded the scale of its target mineralized corridor at the Desert Antimony Mine (DAM) Prospect. A new parallel structural target was also identified in this mapping, enhancing the potential for a larger mineralized system across multiple zones. Locksley believes this expanded target enhances Mojave’s position as a strategic U.S. critical minerals hub, aligned with accelerating domestic supply-chain initiatives. The structural geology mapping was completed late in the third calendar quarter of 2025. Additional details can be found here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-03006166-6A1289419&v=undefined .

‘This second structural mapping program at our Mojave Project has markedly advanced our geological understanding of the project and confirmed the substantial exploration potential of this critical district,’ said Kerrie Matthews , Locksley Resources CEO. ‘The sixfold expansion of the Desert Antimony Mine (DAM) target horizon has fundamentally changed the scale of the opportunity, demonstrating the potential for a much larger mineralized system than originally contemplated. These outstanding results strongly validate our rapid exploration and development strategy.’

In addition to the expansion of Locksley’s antimony target, the mapping also identified several other key opportunities:

  • Regional mapping identified lamprophyre dykes, highlighting potential for additional critical mineral occurrences including carbonatites.
  • Mojave emerging as a district-scale critical minerals hub, strategically aligned with accelerating U.S. onshoring policies.
  • High grade silver assays up to 216 g/t Ag returned from Hendricks Prospect, alongside anomalous Zn, Pb and Cu, including a broader polymetallic system.

The company said that a third phase structural mapping program is expected to commence next month to continue building geological understanding of the project as well as identify new targets.

Locksley Resources ( https://www.locksleyresources.com.au ) is an Australian-based explorer focused on critical minerals and base metals, with assets in both the U.S. and Australia . The company is actively advancing its U.S. Asset, the Mojave Project, in California , targeting rare earths elements (REE) and antimony (The Desert Antimony Mine). The company also has a strategic collaboration with Rice University to develop DeepSolv for domestic processing of North American antimony. This agreement is a cornerstone of Locksley’s U.S. Critical Minerals and Energy Resilience Strategy to accelerate ‘mine-to-market’ deployment of antimony in the U.S.

Contact: Beverly Jedynak , beverly.jedynak@viriathus.com , 312-943-1123; 773-350-5793 (cell)

View original content: https://www.prnewswire.com/news-releases/locksley-announces-major-advancement-at-mojave-as-structural-mapping-expands-scale-of-antimony-target-with-a-400-increase-in-target-strike-length-302580390.html

SOURCE Locksley Resources

News Provided by PR Newswire via QuoteMedia

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Silver Storm Secures US$7 Million Samsung Financing to Restart Mexican Silver Mine

Canadian miner Silver Storm Mining (TSXV:SVRS,OTCQB:SVRSF) has signed a US$7 million offtake prepayment deal with Samsung Construction and Trading (HKEX:028260) and two of its subsidiaries to help restart production at its La Parrilla silver mine complex in Durango, Mexico.

Under the agreement announced Friday (October 10), Samsung and subsidiaries will provide the financing through a secured prepaid facility over 18 months.

Samsung will receive 100 percent of the lead-silver and zinc concentrates produced at La Parrilla over a two-year period under the offtake agreement. The financing is secured through a corporate guarantee, a share pledge, and first-ranking security on La Parrilla’s assets.

Silver Storm said the facility carries an interest rate of the one-month Secured Overnight Financing Rate (SOFR) plus 4.75 percent, with a six-month grace period for interest and capital repayments.

Repayments will then be made in equal monthly installments over the following 12 months, potentially offset through concentrate sales.

“The company has sufficient liquidity to complete the planned restart and rehabilitation activities at La Parrilla,” said Silver Storm President and CEO Greg McKenzie. “Samsung’s involvement as a guaranteed purchaser for the concentrates reflects the confidence of a leading industry participant in our path forward and provides Silver Storm with another partner that is committed to bringing La Parrilla back into operation.”

The company added that the proceeds will go toward mill rehabilitation and upgrades, underground development, and working capital for the restart phase.

Once a prolific producer of silver and base metals, the La Parrilla complex includes a 2,000-metric-ton-per-day mill and several underground mines.

The company expects operations to resume in the first half of 2026.

The project’s revival is seen as a key milestone for Silver Storm, which holds a 100 percent interest in La Parrilla and the San Diego Project, another large undeveloped silver asset in Durango.

Samsung’s participation, meanwhile, underscores the continued interest of major industrial players in securing critical mineral supply chains.

Offtake financing deals of this nature provide both upfront capital for miners and stable sourcing arrangements for buyers, which is an increasingly common structure in metals markets amid rising demand for silver and other transition-linked minerals.

In recent days the price of silver has reached record highs of US$51 per ounce, alongside sister metal gold which surpassed the US$4,000 level. As the precious metals suite continues to trend higher more sidelined and shuttered projects could be brought online.

Shares of Silver Storm rose 3.30 percent to C$0.235, following the Friday announcement.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Chairman Joins Prime Minister’s India Trade Visit

Robin Brundle joins Prime Minister on first major trade mission to India

Mr Brundle joins 125-strong delegation of leading business representatives, academic and cultural leaders, and government ministers on UK’s largest ever trade mission to India

Technology Minerals Plc (LSE: TM1), the first UK listed company focused on creating a sustainable circular economy for battery metals, is pleased to announce that its Chairman, Robin Brundle, has joined the UK Prime Minister Keir Starmer, and a 125-strong business delegation on the Government’s trade mission to India this week.

The largest ever UK Government trade mission to India brings together leading CEOs, entrepreneurs, academic and cultural institutions. The mission aims to strengthen bilateral trade and investment, while advancing discussions on the UK’s resilience within the critical mineral strategy, a vital step toward sustainable industrial growth.

Mr Brundle is a respected business leader and trusted contributor to government policy on battery strategy via parliamentary committees in both the House of Lords and the House of Commons. His participation in the delegation reflects a commitment to advancing circular economy solutions and building international partnerships that contribute to long-term industrial and environmental sustainability.

Recyclus Group Ltd (‘Recyclus’), the Company’s 48.35% owned battery recycling business, has previously been selected to join the UK and Indian Governments’ Innovating for Transport and Energy (‘ITES’) scheme to achieve net zero, and Mr Brundle has extensive knowledge of the commercial opportunities presented by India’s burgeoning lithium-ion electric battery sector.

The visit seeks to build upon the momentum from the landmark UK-India trade deal signed in July 2025, which is projected to increase UK GDP by £4.8 billion per annum. Other companies represented in the delegation include major household names such as Rolls Royce, British Airways and the London Stock Exchange.

Robin Brundle, Executive Chairman of Technology Minerals and Recyclus Group and Co-Founder of Recyclus Group, said: ‘I am honoured to play a role on this industrial and commercial trade mission, which represents a valuable opportunity to engage directly with Indian and UK stakeholders on the critical minerals and sustainable technology agenda. India is one of the fastest growing economies globally, and through Recyclus’ existing links with the UK and Indian Government’s Innovating for Transport and Energy scheme, we are well placed to support the region’s transition towards electrification.’

This is an industrial and commercial mission, not a political one. Recyclus remains proudly politically agnostic as it continues to drive innovation and collaboration in the circular economy.

Enquiries

Technology Minerals Plc

Technology Minerals is developing the UK’s first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. Further information on Technology Minerals is available at www.technologyminerals.co.uk.

Recyclus Group Ltd

Since July 2023, Recyclus Group has operated a national, industrial-scale lithium-ion battery recycling service that supports the UK’s transition to carbon neutrality. The Group’s commitment to cradle-to-cradle battery recycling reduces reliance on the extraction of virgin materials, promotes a circular economy for these metals within the UK, supports the advancement of next-generation recycling technologies, and aligns with the UK’s resilience and critical minerals strategy.

With strategic backing from Technology Minerals, Recyclus plays a central role in lithium-ion battery recycling and contributes significantly to the circular economy for battery metals.

Further information on Recyclus Group is available at https://www.recyclusgroup.com/

Source

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China Heightens Rare Earths Export Controls, Includes Tech and Defense Sectors

China has sharply expanded its export controls on rare earth elements and related technologies, tightening its grip on a strategically vital sector just weeks before a possible meeting between US President Donald Trump and Chinese President Xi Jinping in South Korea.

The Ministry of Commerce announced Thursday (October 9) that five additional rare earth elements: holmium, erbium, thulium, europium, and ytterbium, along with dozens of refining technologies and pieces of equipment, have been added to its export control list.

Foreign companies that produce rare earth materials or magnets using Chinese equipment or materials will now require export licenses from Beijing, even if no Chinese entity is directly involved in the transaction.

Applications linked to defense industries or advanced semiconductor production, such as 14-nanometer chips, memory chips with 256 layers or more, or artificial intelligence with military applications, will face heightened scrutiny or outright denial.

Rare earth elements are essential to manufacturing electric vehicles, wind turbines, smartphones, and defense systems, including fighter jet engines and radar. China accounts for about 70 percent of global production and over 90 percent of processing capacity, giving it a near-monopoly over the supply chain.

The new measures take effect in stages: restrictions on rare earth exports and processing technologies begin November 8, while the rules governing products made with Chinese inputs will come into force on December 1.

The move also tightens Beijing’s control over Chinese nationals, prohibiting them from engaging in overseas rare earth mining, magnet manufacturing, or technical consulting without official approval.

Meanwhile, companies outside China are emphasizing their independence from Chinese materials and technology.

Energy Fuels (NYSEAMERICAN:UUUU,TSX:EFR), which operates a uranium and rare earths facility in Utah, said that it is ramping up domestic production to counter supply risks. Meanwhile, NioCorp NASDAQ:NB), which is developing a rare earths mine in Nebraska, said the move reflects China’s increasing militarization of the sector.

“It’s clear that the People’s Liberation Army is increasingly calling the shots on rare earth policy in China. That means even more difficult times both for the Pentagon and for a wide range of commercial manufacturers,” the company told Reuters.

Ucore Rare Metals (TSXV:UCU,OTCQX:UURAF), a Canada-based developer of rare earth separation technology, said its Louisiana Strategic Metals Complex (LA-SMC) will remain unaffected.

“Today’s expansion of Chinese export controls underscores why Ucore built its plan around North American and allied supply chains from day one,” said Ucore CEO Pat Ryan in a recent statement. “Our RapidSX refining technology not only produces the same rare earth products, at the same quality, as legacy solvent extraction, but does so with faster throughput in a much reduced floorspace.”

Ucore said its equipment sourcing strategy relies entirely on North American suppliers and is protected under the US Defense Priorities and Allocations System (DPAS), which prioritizes key national defense projects to ensure supply chain resilience.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Crypto Market Update: Altcoins Retreat as Bitcoin ETFs See US$2.7 Billion in Inflows

Here’s a quick recap of the crypto landscape for Friday (October 10) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$121,578, down by 1.6 percent in 24 hours. The cryptocurrency’s lowest valuation of the day was US$119,967, and its highest was US$123,548.

Bitcoin price performance, October 10, 2025.

Chart via TradingView

Bitcoin may be trading near record highs, but one of its most respected on-chain indicators suggests the rally could still have significant room to run possibly as far as US$180,000.

The Mayer Multiple, a long-term metric that compares Bitcoin’s current price to its 200-week moving average, remains well below levels that have historically marked market tops.

“Bitcoin is at all-time highs and the Mayer Multiple is ice cold,” crypto analyst Frank Fetter wrote on X (formerly Twitter). According to Fetter, Bitcoin would need to climb to around US$180,000 before the indicator flashes “overbought” conditions, implying that the current cycle could still have room to expand.

The indicator’s historical context adds weight to that view. During Bitcoin’s 2017 and 2021 peaks, the Mayer Multiple surged well above 2.4, signaling excessive market exuberance before major corrections followed.

This time, the pattern looks different. The Multiple’s highest level in the current cycle—1.84 in March 2024, when Bitcoin neared US$72,000—never approached prior extremes, according to Glassnode data. Analysts see this moderation as a sign of a more sustainable advance.

Despite these encouraging on-chain signals, not everyone is convinced the path higher will be smooth. Short-term traders remain divided on whether Bitcoin can maintain momentum into the final quarter of the year.

Trader Tony “The Bull” Severino argued that Bitcoin may be entering a decisive 100-day window. Writing on X, Severino pointed to the Bollinger Bands indicator on Bitcoin’s weekly chart, which has tightened to levels not seen before. He noted that Bitcoin’s recent inability to hold above US$126,000, after briefly testing the upper band, could signal a short-term pullback before any sustained breakout.

Ether (ETH) also slid after last week’s rally, but has since recovered some of its losses. It was up by 0.7 percent over 24 hours to US$4,365.58. Ether’s lowest valuation on Friday was US$4,285.77, and its highest was US$4,401.99.

Altcoin price update

  • Solana (SOL) was priced at US$222.58, an increase of 1.1 percent over the last 24 hours and its highest valuation of the day. Its lowest valuation on Friday was US$217.57.
  • XRP was trading for US$2.83, trading flat over the last 24 hours. Its lowest valuation of the day was US$2.78, and its highest was US$2.84.

Derivatives trends

The crypto derivatives market saw heavy liquidations over the past 24 hours, totaling roughly US$674 million, according to Coinglass data. Long positions accounted for US$505 million of that amount, while short positions made up US$169 million, marking one of October’s sharpest liquidation waves.

Among major assets, Bitcoin long liquidations reached US$116 million, compared to US$68.22 million in shorts, indicating that overleveraged bullish traders bore the brunt of the latest downturn. Ether long positions were liquidated for US$146 million, against US$34.54 million in shorts, reflecting a similar shakeout of optimistic bets amid heightened volatility.

Despite the sell-off, futures open interest for Bitcoin rose 0.23 percent in the last four hours to US$90.19 billion, suggesting that traders are gradually re-entering positions or maintaining leverage at elevated levels.

Ether futures open interest also ticked up 0.22 percent to US$59.53 billion, showing that market participants remain engaged even after widespread liquidations.

Bitcoin’s relative strength index (RSI) at 72.15 indicates that the asset remains in overbought territory, potentially signaling near-term price swings or corrective moves. Still, the market’s resilience near the US$120,000 level points to continued speculative interest.

Today’s crypto news to know

XRP, DOGE, SOL slip as US$2.7 billion flows into Bitcoin ETFs

Major altcoins faced losses Friday as traders took profits from Bitcoin’s record-breaking rally, even as spot ETF demand remained strong.

Bitcoin briefly dipped to around US$120,000 overnight before stabilizing near US$122,000, while Ether erased its weekly gains with a 2.4 percent drop.

Solana, XRP, Dogecoin, and Cardano each slid up to 3 percent, according to CoinDesk data. Despite the retreat, US-listed Bitcoin ETFs drew US$2.72 billion in inflows this week, highlighting resilient institutional appetite.

The ETF surge underscores Bitcoin’s growing role as a “digital safe-haven,” especially as gold surged above Us$4,000 an ounce. However, a possible pullback to the US$107,000–US$115,000 range could be imminent ahead of the Federal Reserve’s October 29 policy meeting.

EU dismisses ECB’s call for new stablecoin rules

The European Commission said Friday that existing crypto regulations under MiCA are adequate to handle stablecoin risks, pushing back on calls from the European Central Bank for stricter oversight.

According to a Reuters report, the ECB had urged Brussels to introduce new safeguards against “multi-issuance” models, where stablecoins minted outside the EU could be treated as interchangeable with those issued within.

Industry groups, including members like Circle, asked the Commission to formally clarify that multi-issuance is allowed under current rules.

In a statement to Reuters, the Commission said MiCA already provides a “robust and proportionate framework” and that further guidance will be published soon.

The ECB’s main concern is that redemptions from non-EU tokens could drain reserves inside the bloc, posing systemic risks. Stablecoin issuers countered that their reserve structures already mitigate such threats.

Bitcoin ETFs extend Uptober gains as Ethereum products lose momentum

US spot Bitcoin ETFs posted another strong day Tuesday, with US$197.8 million in net inflows, reinforcing Bitcoin’s dominance as institutional investors rotated away from Ethereum products.

Data from SoSoValue showed total Bitcoin ETF assets climbing to US$164.79 billion, representing nearly 7 percent of Bitcoin’s market cap.

BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led inflows with US$255 million, extending its lead over rivals as total assets surpassed $97 billion. Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) and Grayscale Bitcoin Trust (NYSEARCA:GBTC) saw outflows of US$13 million and US$45 million, respectively.

The renewed demand follows a surge of US$1.19 billion in inflows earlier this week, the highest since July, with BlackRock again accounting for the majority.

Bitcoin has gained over 10 percent in October, peaking at US$126,080 before easing to $121,000. Meanwhile, Ethereum ETFs snapped their eight-day inflow streak with US$8.7 million in withdrawals, reflecting a temporary pause after a strong start to the month.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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