LevelField could become the first crypto-friendly FDIC-insured bank to offer crypto services after receiving approval from the Illinois financial regulator to acquire Burling Bank. Digital asset-focused fintech firm LevelField Financial said it has secured conditional regulatory approval to acquire Chicago-based Burling Bank, marking one of the most notable crypto-banking acquisitions in recent months. The move could see LevelField become the first Federal Deposit Insurance Corporation-insured chartered bank to offer certain crypto-integrated banking services across all US states and territories, LevelField said in a statement on Monday. Details of the deal weren’t disclosed. The approval from the Illinois Department of Financial and Professional Regulation puts Burling Bank one step closer to being renamed LevelField Bank. The parties are still awaiting approval from the Board of Governors of the Federal Reserve to become a bank holding company. Read more
ETH price fell below $3,000 for the first time since July. Cointelegraph explains what is required for a trend reversal. Key takeaways: ETH falls to a 4-month low despite recent layer-2 growth cutting base fees and boosting Ethereum’s use in tokenization and stablecoin. ETH may recover as global risks ease and new liquidity enters markets, helping the price move back toward $3,900. Read more
With higher yields and flexible deposits, Aave’s new app marks a deeper move into the consumer banking terrain as inflation drives demand for better savings tools. Aave, a popular decentralized finance (DeFi) protocol, has unveiled a new savings app that offers higher-yield deposit options and real-time interest tracking for retail users. According to a Monday blog post, the Aave App will offer 5% to 9% APY and show interest accrual in real time. The app includes up to $1 million in balance protection, lets users model potential earnings and supports recurring deposits. The app accepts deposits from thousands of banks, debit cards and supported stablecoins, and offers instant withdrawals with no waiting period. A waitlist is currently open for early access. Read more
A community director at the advocacy organization Stand With Crypto said US lawmakers’ voting records on a pending market structure bill could impact their reelection chances. With the longest US government shutdown in the country’s history now over, some lawmakers have turned their attention to passing a digital asset market structure bill that could become a defining issue for many voters in the 2026 midterm elections. The US Senate Banking Committee and the Senate Agriculture Committee have released discussion drafts for their versions of the market structure bill, building on the CLARITY Act passed by the House of Representatives in July. Although the current session of Congress will last until January 2027, lawmakers may have a limited window to pass the bill, known as the Responsible Financial Innovation Act, amid the holiday season and as campaigns for the midterm elections begin. “Going into 2026, market structure is still [the] number one priority for everybody,” Mason Lynaugh, community director of ...
A handful of XRP ETFs could launch this week, leading traders to predict the start of a new rally, but the desired bullish momentum is dependent on the altcoin holding above $2.20. Key takeaways: Four spot XRP ETFs are set to go live across major US exchanges, unlocking institutional capital into XRP’s market. XRP price must reclaim $2.20 as support to continue upside toward $2.60. Read more