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blockonomi.com Fed’s “Skinny Master Account” Plan Could Redefine Crypto’s Banking Future

TLDR: The Fed’s “skinny master account” could let crypto and fintech firms bypass traditional banks for payment access. Governor Chris Waller said distributed ledgers and crypto are now part of the financial system’s foundation. Firms like Custodia, Kraken, and Ripple could finally gain direct access to the Fed’s payment systems. The new account proposal aims [...] The post Fed’s “Skinny Master Account” Plan Could Redefine Crypto’s Banking Future appeared first on Blockonomi.

bitcoinist.com Market Pullback Deepens: Bitcoin Slips, ETH Drops, and Traders Panic Over Musk’s BTC Move

The crypto market’s October slump just worsened, dropping by around 3%. Bitcoin slipped under $110,000 intraday and Ethereum fell below $3,900, dragging most altcoins into the red as a risk-off wave rippled across digital assets. The drawdown follows one of the harshest months of the year. The market has erased roughly $370 billion in value, […]