Standard Chartered launched a custody service for the Ripple USD (RLUSD) stablecoin on the XRP Ledger through its Dubai branch, marking a major step in institutional adoption of digital assets by major banks. Simultaneously, Evernorth (XRPN), a treasury fund holding 473 million XRP (approximately $672 million) and $300 million in cash, debuted on Nasdaq. Bitcoin recovered to $83,340 after dropping to $81,000 on Friday, with $149.84 million in short positions liquidated during the rebound. This week, the US Consumer Price Index will be released on October 14, followed by Producer Price Index and unemployment data on October 15, and a speech by Fed Chair Kevin Warsh on October 16.
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