The “Uptober” trend is taking shape as the NCI rose 8.7% last week, with bitcoin (BTC) leading the rally with a 10.5% increase, followed by ether’s (ETH) 4.5% rise. A false rumor about a bitcoin ETF being approved led to an initial price spike, but gains were sustained through the week as speculation continued about an ETF being approved. 

Brazil’s Itaú launches its first tokenized Real World Asset

Itaú, the largest Brazilian bank, joined forces with its tokenization branch Liqi (acquired by Itaú in 2022), to introduce Brazil's pioneering Tokenized Credit Receivables Investment Funds. This initiative marks a significant step in Itaú's foray into the world of tokenization.

Ferrari to accept crypto payments in US, Europe
Italian automaker Ferrari has initiated the acceptance of BTC, ETH, and USDC for US customers, with plans to expand this payment avenue to European markets. The acceptance of crypto by well-known brands may help accelerate retail-driven crypto adoption.

European Central Bank officials move to ‘preparation phase’ for digital euro
The ECB revealed that its digital euro project is progressing, signaling a significant milestone after the successful culmination of a comprehensive two-year investigative phase dedicated to the development and distribution of the Central Bank Digital Currency (CBDC).

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