October 14th 2026, 1:14 PM
Banking Giant Rolls Out Bitcoin and Ether Services Amid Inflation Shock
Key Summary
General Dynamics' largest shareholder, Longview Asset Management, has sold nearly $1 billion of General Dynamics stock, while Interactive Brokers and Standard Chartered launch Bitcoin and Ether services. The launch follows the release of critically important macroeconomic data from the US, triggering a harsh reaction in financial markets.
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Introduction
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.Market Reaction to Inflation Shock
The September Consumer Price Index (CPI) showed accelerating inflation across all components: the annual figure rose to +3.7% (+3.6% expected), while the underlying Core CPI climbed to +2.6% y/y, provoking a harsh reaction in financial markets.Bitcoin and Ether ETFs
Bitcoin funds attracted $175.62 million (mainly through Fidelity FBTC — $103 million and BlackRock IBIT — $66 million), while Ether ETFs added $24.80 million, ending a ten-day streak of outflows as per SoSoValue.Standard Chartered's Bitcoin and Ether Service
The financial conglomerate Standard Chartered is opening direct trading of Bitcoin (BTC) and Ether (ETH) for wealthy private clients in the UAE through existing bank accounts. This is the first such service from an international bank in this jurisdiction.Ripple's XRP Ledger Integration
Ripple is rolling out a partnership with the provider Privy (a Stripe subsidiary) to integrate embedded wallets into applications based on the XRP Ledger. The solution automates fiat gateways, RLUSD transactions, and AI agent operations.Technical Analysis
The one-minute Bitcoin (BTC) chart recorded a vertical dump: immediately before the CPI release, the asset was at a local peak around $83,800, then fell by more than $1,000.#Bitcoin#US#Crypto#SEC