Investing - the skill in doing (almost) nothing - St. James’s Place

Our ‘deeply dysfunctional relationship’ with quitting leads us ‘to a chronic obsession with perseverance at all costs,’ writes Lindsay Crouse

Oct 23, 2026, 6:54 a.m. EDT4 min readPepe leads rebound (CoinDesk data)SummaryBitcoin rose 0.5% to around $81,700 since midnight UTC, recovering from a low of around $81,000, while Asian stocks steadied after Thursday’s tech sell-off. Altcoins moved faster, with the CoinDesk 80 gaining 1.4%, memecoins climbing 2.9% and frog-themed memecoin pepe jumping 13%. Traders are now looking to the Fed’s Oct. 27-28 meeting. Bitcoin BTC$84,459.46 rose 0.5% to around $81,700 since midnight UTC, outpaced by altcoins. Ether ETH$2,490.55 rose 0.9% and the CoinDesk 80 (CD80) altcoin index added 0.7% while the memecoin gauge climbed 2.9%. The rebound follows Thursday’s tech-led selloff, during which the Nasdaq Composite index fell 2.6% in its steepest decline since June. Asian markets steadied as South Korea’s Kospi added 0.3% and China’s CSI 300 rose 1.7% while Japan’s Nikkei 225 slipped 0.25%. Traders now look to the Fed’s Oct. 27-28 meeting, with Brent crude near $113 keeping inflation worries alive, and to exchange-traded fund flows, after U. S.

Skip to main contentCrypto NewsOct 23, 2026, 6:53 a.m. EDT1 min readUS Flag electionSummaryBitcoin reached major bear-market lows shortly after the 2014, 2018 and 2022 midterm elections, but this year’s low came 125 days before Election Day. Bitcoin recovered about 40% from its July 1 low of $57,850 to roughly $81,455 on Oct. 22, despite falling about 6% over the past 30 days. Bitcoin’s recurring weakness around midterms appears more closely tied to its own market cycles than to elections, as technology stocks have shown a less consistent pattern. U. S. midterm elections are just 10 days away and bitcoin BTC$84,459.46 is approaching a period that has historically coincided with major bear-market bottoms, although this year’s recovery suggests the timing could differ. Bitcoin bottomed in January 2015, December 2018 and November 2022, shortly after the preceding midterms. Those lows arrived approximately 71, 38 and 13 days after election day, respectively. This year, bitcoin’s lowest price so far came much earlier. Bitcoin touched $57,850 on July 1, some 125 days before the Nov. 3 election. By Oct. 22, the price had recovered to around $81,455, roughly 40% above that low.

Skip to main contentCrypto NewsOct 23, 2026, 6:22 a.m. EDT2 min readHSBC plans to bring RedCoin to its banking app later this year and let customers use it to buy tokenized investments, including a money market fund. SummaryHSBC debuted RedCoin (RCHKD), its first stablecoin, on PayMe, letting more than 3.3 million users send money and pay at over 100,000 merchants. HSBC and Standard Chartered-led Anchorpoint received Hong Kong’s first stablecoin issuer licenses in April. Anchorpoint began rolling out HKDAP in August. The bank plans to bring RedCoin to its banking app later this year and let customers use it to buy tokenized investments, including a money market fund. HSBC debuted its first stablecoin, RedCoin, a Hong Kong dollar token that’s being rolled out onto its PayMe app. The token, which uses the ticker RCHKD, will let customers send money to friends and family and pay at more than 100,000 merchants. PayMe users, of which there are more than 3.3 million, will be able to activate a stablecoin wallet in the app over the coming days, according to the bank. RedCoin gives HSBC a way to bring stablecoin payments into an app that customers already use.

Good morning. Ottawa is betting big on critical minerals to strengthen Canada’s economy, but many of the mining projects it’s backing come with considerable financial risks. With taxpayers helping foot the bill, the question is whether the potential payoff will be worth it. More on that below. Up firstIn the newsSteel: Mélanie Joly has given Stelco’s U. S. owner 15 days to honour its job commitments or potentially face legal action over planned layoffs. Venture capital: Ottawa is rolling out $1.75-billion in funding to boost Canada’s venture capital sector, though the plan falls short of demands from early-stage startup investors. Trade: Canada and Turkey have announced a strategic partnership to deepen co-operation on energy, defence and trade, as Ottawa seeks to reduce its reliance on the U. S. Open this photo in gallery:Nouveau Monde Graphite (NMG) is developing its flagship Matawinie Mine in Saint-Michel-des-Saints, Que. SuppliedIn focusThe price of building Canada’s mining futureIt’s Jeff Jones here, energy and resources editor at Report on Business.