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Updated
Daily Brief

What Happened Today — Friday, October 16, 2026

Crypto firms expand, gold rallies, and Australia moves on crypto tax reporting

Global Fuel Oil Market Stays Tight Amid Supply DisruptionsThe global fuel oil market remains constrained as ongoing conflicts affect supplies from the Middle East and Russia, according to Vitol.Gold Buyers Face Losses Up to 8.4 Million VND per TaelDomestic gold prices in Vietnam have reached a three-month high, leaving recent buyers facing potential losses of up to 8.4 million VND per tael.Gold Rallies on Lower Yields and AI Stock SelloffGold prices gained support as lower Treasury yields and an artificial intelligence stock selloff spurred safe-haven demand.WTI Surges Past Brent on Large U.S. Crude DrawWest Texas Intermediate oil prices rallied following a United States inventory draw, while Brent crude stalled amid discussions surrounding shadow fleet tankers.Gold Rebounds Above $4,150 As Treasury Yields DeclineGold prices moved back above $4,150 as Treasury yields fell, with attention turning to an upcoming speech by Federal Reserve official Warsh.Oil Prices Edge Lower on Improving SuppliesOil prices edged lower due to improving supplies, while West Texas Intermediate remained on track for a strong week.Standard Chartered: Russian Diesel Will Not Add New SupplyStandard Chartered analysts predict oil prices will remain elevated as geopolitical risks, shipping costs, and damaged Russian refining capacity constrain global supply.
Mastercard Launches Stablecoin Platform With BVNKMastercard has launched a new stablecoin platform in partnership with digital asset infrastructure provider BVNK.Visa Stablecoin Payments Move From Pilot to ProductionVisa has transitioned its stablecoin payment capabilities from a pilot phase to full production, according to Cryptonews.Fireblocks Highlights Liquidity Bottleneck in StablecoinsAccording to Fireblocks, liquidity remains the primary bottleneck impacting stablecoin payments infrastructure.
Bitget to Delist USDS Simple Earn ProductBitget Earn has announced the upcoming delisting of the USDS Simple Earn product, scheduled for October 16, 2026.
Solana Opens Splashy China Office As Industry Asks HowSolana has established a new office in China, prompting industry observers to question the operational approach.
Bitcoin, Ethereum and XRP Gain As Dogecoin SlipsBitcoin, Ethereum, and XRP posted gains while Dogecoin slipped following a spike in rate hike odds, according to Benzinga.
Howai Urges Balance in Crypto RegulationTrinidad Express Newspapers reports that Howai has called for a balanced approach to cryptocurrency regulation.Australia Drafts Bill For OECD Crypto Tax ReportingAustralia has released a draft bill to adopt the OECD crypto tax reporting framework, with data sharing slated for 2028.
Strategy Treasury Reaches 848,250 BitcoinStrategy's treasury holdings reach 848,250 Bitcoin as Remittix introduces an earlier-stage payments bet to the market.
Charles Schwab Launches Bitcoin And Ether TradingCharles Schwab has rolled out trading services for Bitcoin and Ether, according to Pluang.