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BQ8h ago

☀️ (2026.10.22) Crypto Major News Summary & Commentary 1️⃣OCC Releases GENIUS Act Final Rule, Maintains Stablecoin Interest Ban but Allows Indirect Compensation 📌 (Summary) - OCC released GENIUS Act final rule 10/21, effective 2027/1/18 - Direct interest payment ban maintained, third-party indirect compensation structure "case-by-case review" relaxed - "Presumed illegal" language deleted from original draft - ABA CEO Rob Nichols says "creates status quo effect on crypto platforms, contradicts Congressional intent to protect regional lending" - Blockchain Association supportive, Bank Policy Institute aligns with ABA position - Restrictions on issuer reserves management also widely relaxed - Treasury Secretary Scott Bessent says "positive measure continuing legislative intent" ✏️ (Personal Commentary) - The GENIUS Act rule is ultimately opening up the stablecoin interest/compensation angle fully - Personally, ABA's resistance is clear: USDC/USDT will suck all bank deposits via indirect revenue structures - Starting 2027, US stablecoin market truly transitions to competitive regime - Circle winning with Mastercard reverb tool + OCC relaxation, everything converging to Circle - As always, it'll take time but ultimately banks << stablecoins Source link (https://www.theblock.co/news/regulation/2026-10-21-american-bankers-association-accuses-occ-undermining-congress-stablecoin-rewards-rule-421629) 2️⃣Solana Alpenglow Mainnet Live, Finality 12.8s → 150ms Target (TowerBFT Retiring) 📌 (Summary) - Solana Alpenglow activated mainnet 10/21 UTC 13:54, developed by Anza - Original 12.8-second finality to 150ms target, aiming 99% reduction - Alpenglow Phase 1 Votor replaces TowerBFT (validator vote moved off-chain) - Phase 2 Rotor planned to replace Turbine (block data propagation) - 654 validators participating post-activation, handoff completed in 900ms - Genesis block slot 459,653,000 - Initial dashboard finality 6.6s, 4,721 TPS

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