Weekly DeFi news digest covering regulatory moves (OCC debanking report, EU crypto asset seizure treaty), stablecoin updates (USDC H1 2026 financials), Layer 2 activity (Ethereum Glamsterdam delay, Arbitrum stablecoin program, Sophon wind-down), and major players (JPMorgan Bitcoin forecast, Bybit US expansion).

DeFi & Yields · 2026-10-23

A U.S. banking regulator found that nine banks debanked over 100,000 lawful businesses between 2020 and 2025, many with pro-crypto ties, while an EU treaty signed by nine countries expanded powers to trace, freeze, and seize cryptocurrency assets used in crime. Circle released H1 2026 financials for USDC, Ethereum's Glamsterdam hard fork faced delays due to smart contract security concerns, and Arbitrum launched a stablecoin growth program. JPMorgan issued its first long-term Bitcoin return forecast, and Bybit announced plans to enter the U.S. market through a broker partnership.

Previously on Telem

Kinetiq launches Elysium L2 for Hyperliquid on November 9 2026-10-19
Kinetiq's Layer 2 Elysium launches November 9 mainnet 2026-10-19
Weekly digest covers regulatory approvals, arrests, security incidents, fund flows 2026-10-19
Ledger confirms $100M hardware exploit via unauthorized implant reports 2026-10-12
Bybit launches IBKRUSDT perpetual trading with 25x leverage 2026-10-23