Yesterday’s Biggest Headlines

Crypto Market Watch

1. Bitcoin fell about 0.4% to around $79,700 since midnight UTC as the Federal Reserve began a two-day meeting, lagging a rally in Asian tech stocks. CoinDesk said the CoinDesk DeFi index dropped 1.8%, leaving crypto soft into Wednesday’s rate decision after the weekend break below $80,000.

2. Ripple gained final OCC approval to charter Ripple National Trust Bank, adding federal supervision for RLUSD reserves and fiduciary digital-asset custody. Ripple said the bank will manage segregated reserves supporting RLUSD as collateral trustee and provide custody services after conditional approval in December 2025, with RLUSD still issued by its NYDFS-regulated trust company.

3. Robinhood reported record third-quarter net revenue of about $1.42 billion and said crypto revenue rose 20% from the prior quarter to $120 million. GlobeNewswire carried the company’s results as Robinhood Chain contributed $26 million in its first mainnet quarter and prediction-market event contracts generated $173 million.

4. The CFTC filed a federal lawsuit against Utah and Attorney General Derek Brown, arguing the state is intruding on federal jurisdiction over prediction markets after Utah targeted Kalshi under gambling law. The Block said the case is the agency’s tenth against a state under Chair Michael Selig, who said Congress gave the CFTC sole responsibility to oversee those markets.

Equity Market Moves

5. U.S. stocks closed higher Tuesday as tech extended its rebound a day before the Fed decision, though Boeing weighed on the Dow. Investopedia said the Nasdaq rose 1.3%, the S&P 500 gained 0.7%, and the Dow finished only fractionally higher after Boeing shares dropped nearly 11%, with markets pricing a low chance of a Wednesday hike.

6. South Korea’s economy expanded 1.0% quarter-on-quarter in Q3, more than three times the Bank of Korea’s 0.3% forecast, powered by semiconductor exports and investment. The Korea Herald reported chips drove much of the surge, putting full-year growth on a path toward about 3.6% even with flat Q4 and potentially 4% if momentum strengthens.

Commodities Watch

7. Spot gold jumped to $4,051.78 an ounce on Tuesday, a 0.9% gain, as softer crude helped bullion extend Monday’s move back through $4,000 into the Fed decision. CNBC said December futures rose to about $4,066.40 and silver climbed to roughly $54.37 after an early dip toward $3,987.

8. WTI crude closed under the $100 handle at $99.90 a barrel Tuesday, down $1.86, after almost a $2 retreat across the complex. The Business Times said Brent finished at $113.88 and that Houthis claimed a ballistic-missile strike on Saudi Arabia’s Ras Tanura refinery even as Tehran held more security talks, leaving prices off the highs but still elevated.

Today’s Watchlist

• Wednesday’s FOMC decision and Chair Warsh’s guidance after bitcoin lost the $80,000 handle into the meeting

• Digestion of Ripple’s national trust-bank charter and RLUSD reserve supervision

• Follow-through from Robinhood Chain’s first mainnet-quarter print and crypto vs prediction-market mix

• Whether the CFTC’s Utah suit reshapes the state-vs-federal prediction-market fight

• Whether gold holds above $4,050 and Brent digests the sub-$114 settle into PCE and midterms

edgeX Market Lens

Tuesday was a Fed-eve split screen: bitcoin slipped back under $80,000 as the FOMC opened, while regulated-crypto plumbing advanced with Ripple’s final OCC trust-bank approval and Robinhood showing Chain revenue in the earnings mix. Prediction-market federalism heated up again as the CFTC sued Utah, U.S. tech kept the rebound going into the rate decision, Korea’s chip-led GDP surprise reframed the Asia growth tape, and commodities flipped toward softer oil and firmer gold.

The near-term question is whether Wednesday’s expected hold resets crypto’s $80,000 defense or whether Fed-speak and December hike odds keep leverage skittish. Against that, Ripple’s federal charter and Robinhood’s chain/prediction-market revenue show the industry still building regulated rails even when spot bitcoin lags equities. If oil’s retreat sticks and gold holds the reclaim, risk assets get a cleaner handoff through earnings and midterms. If Hormuz headlines re-spike crude or prediction-market state fights broaden, even busy bank-charter and product prints will trade second to policy and energy.

For active traders, access matters when BTC loses $80,000 into the Fed, national trust-bank approvals land, exchange earnings mix shifts toward chain and event contracts, and gold firms while Brent cools from six-month highs. edgeX gives traders self-custodial access to crypto, Bitcoin, tokenized stock, and RWA perpetual markets around the clock.