**Crypto Biz Weekly Roundup: Interoperability, Futures, and Regulatory Moves**

Protocols are racing to solve blockchain interoperability. Axelar's new Mobius Development Stack (MDS) aims to bridge the gap, enabling decentralized apps to connect across various networks. Launched on Oct. 2, MDS supports Solana, Stellar, Sui, and XRP Ledger, and includes security features from Babylon and EigenLayer. The stack also offers the Interchain Token Service (ITS), allowing asset tokenization on any blockchain.

CME's Bitcoin Friday Futures (BFF) launched on Sept. 29 with a record 31,498 contracts traded on day one. These weekly contracts, sized at 1/50th of a Bitcoin, offer short-term hedging without long-term commitments.

Ripple received an in-principle license from Dubai's DFSA, paving the way for cross-border payment services in the UAE. Meanwhile, Bitwise filed for the first spot XRP ETF with the SEC, aiming to offer direct exposure to XRP.

The Fed's recent interest rate cut could slash $625M in interest income for top stablecoins, which hold $125 billion in US Treasury bills. This move marks a significant shift in stablecoin revenue streams.

Stay tuned for more updates in the world of crypto and blockchain!