A new project wants to give blockchains their own “fast lane” on the internet. The DoubleZero Foundation announced Thursday that its highly anticipated mainnet-beta is live. DoubleZero is a network built to speed up how blockchain validators talk to each other. Instead of relying on the public internet, which can sometimes be slow and unpredictable, … Read more
Banking giant JPMorgan says bitcoin (BTC) could climb to around $165,000 on a volatility-adjusted basis relative to gold, highlighting what the bank sees as significant upside if the so-called “debasement trade” continues to gain momentum. The Wall Street lender’s models suggest that bitcoin would need to rise about 40% from current levels to match the … Read more
A group of young New Yorkers is receiving $12,000 in cryptocurrency as part of a new guaranteed-income experiment backed by Coinbase. The program, called Future First, selected 160 residents between the ages of 18 and 30 by lottery to receive the payments in USDC, a stablecoin pegged to the U.S. dollar. Distribution began last week … Read more
Abu Dhabi’s Agriculture and Food Safety Authority (ADAFSA) has reaffirmed a ban on cryptocurrency mining across farms in the emirate, warning that violators face stiff penalties and disconnection from government services. The move follows recent discoveries of farms repurposing land and electricity for mining digital assets, uses not permitted under existing agricultural regulations. According to … Read more
Crypto traders were in a jubilant mood on Thursday morning as bitcoin zoomed above $119,000, setting its sights on a new record high. The altcoin market also heated up; tokens like monero (XMR) and aptos (APT) posted double-digit gains while zcash (ZEC) continued Wednesday’s surge with a 58% move in the past 24 hours to … Read more
Avalanche Treasury Co. (AVAT) has announced a $675 million-plus business combination with Mountain Lake Acquisition Corp. (MLAC), setting the stage for what it hopes will become a $1 billion ecosystem treasury, the company said in a press release Wednesday. Backed by an exclusive arrangement with the Avalanche Foundation, AVAT begins with a $200 million discounted … Read more
AlloyX, a Hong Kong-based stablecoin infrastructure firm, has introduced a tokenized money market fund called RYT, debuted on Ethereum scaling network Polygon with custody services provided by Standard Chartered Bank. Unlike traditional tokenized money market funds, which offer passive exposure, RYT integrates with decentralized finance (DeFi) to create yield-enhancing strategies, while staying within a compliance … Read more
Ethereum-focused digital asset treasury firm FG Nexus (FGNX) said Thursday it has tapped tokenization specialist firm Securitize to let investors hold its common and preferred shares as tokens on the Ethereum blockchain. After Securitize’s tokenization treatment, shareholders can choose to convert their common stock (FGNX) into Ethereum-based tokens, giving them the same legal rights as … Read more
By Francisco Rodrigues (All times ET unless indicated otherwise) Crypto markets are continuing their rise this week after weaker-than-expected U.S. labor data and amid a government shutdown that saw the market adopt the stance that a Federal Reserve rate cut next month is a near certainty. Bitcoin climbed an additional 2.15% in the last 24-hour … Read more
Farside data shows that bitcoin U.S. exchange-traded funds (ETFs) recorded their largest inflow since Sept. 10, with $675.8 million. BlackRock’s iShares Bitcoin Trust (IBIT) captured the majority, taking in $405.5 million, it’s biggest inflow since Aug. 14 and pushing its total net inflows to $61.376 billion. The surge coincided with bitcoin climbing over $119,000, a … Read more
Thailand’s market regulator says the country is working on expanding its exchange-traded funds (ETFs) plans beyond bitcoin (BTC), Bloomberg reported on Thursday. The country’s Securities and Exchange Commission (SEC) will allow local mutual funds and institutions to issue such funds under rules, SEC secretary-general Pornanong Budsaratragoon said, according to the report, citing an interview on … Read more
Spanish bank BBVA has partnered with Singapore’s SGX FX to allow retail customers to trade digital assets directly through its platforms. The integration, marking a first for the European market, the companies said on Thursday, will initially support bitcoin and ether, offering 24/7 trading with the same framework BBVA uses for foreign exchange. SGX has … Read more
Bitcoin’s mining difficulty climbed 5% to a record 150.84 trillion on Wednesday, marking the seventh straight upward adjustment, according to Glassnode. Difficulty, which resets every 2016 blocks (approximately every two weeks), measures how challenging it is for miners to find new blocks and maintains the average block time at around 10 minutes. The increase reflects … Read more
A U.S. government shutdown and fresh stress in Japan’s bond market failed to derail digital assets this week, as traders positioned for looser global liquidity conditions. With Friday’s U.S. payrolls report potentially delayed and Japanese yields climbing to their highest levels since 2008, crypto markets are showing signs of decoupling from broader macro caution. The … Read more
Dogecoin ripped nearly 9% higher, breaking through resistance on more than a billion tokens traded. Support reset to $0.242 after an early breakout, while late-session flows pushed DOGE into the $0.254 zone before consolidation. Traders pointed to SHIB’s parallel 6% rally — underpinned by record trillion-token turnover and exchange balances at two-year lows — as … Read more
XRP surged to fresh highs after Japan’s SBI unveiled an institutional lending initiative, igniting volumes above 160M and lifting price through key resistance. Buyers defended $2.93 multiple times as flows consolidated, with the October 18 ETF decision window now framing the next breakout test toward $3.00. News Background XRP climbed 5.2% over the 24-hour window … Read more
SINGAPORE — The most important story in crypto right now is tokenization and it’s coming fast to disrupt traditional finance, according to Robinhood CEO Vlad Tenev. Tenev told the crowd at the Token2049 conference in Singapore that tokenization is a “freight train” barreling toward the heart of traditional finance. “Crypto and traditional finance have been living … Read more
Bitcoin (BTC) jumped to its highest in over two months as the U.S. government shut down operations, likely setting the stage for a positive fiat liquidity impulse. The leading cryptocurrency has risen nearly 4% in the past 24 hours, with prices briefly rising to $119,455 for the first time since mid-August, CoinDesk data show. Other … Read more
Bullish (BLSH), the NYSE-listed digital assets platform focused on institutional investors and parent company of CoinDesk, will tentatively launch crypto options trading from Oct. 8. These bitcoin (BTC) options will be margined and settled in the regulated, dollar-pegged stablecoin USDC, which boasts a market cap of $73.85 billion at press time, the second-largest in the … Read more
U.S. Senator Ron Wyden, the top Democrat on the Senate Finance Committee, is continuing his inquiry into whether Dan Morehead, the founder of asset manager Pantera Capital, sought to avoid paying taxes through his move to Puerto Rico. Wyden’s probe into whether Morehead committed tax evasion began in January, and is focused on how the … Read more
The Sui blockchain will soon host its first native stablecoins, following a three-way partnership between publicly-traded digital asset treasury firm SUI Group (SUIG), synthetic dollar protocol Ethena (ENA) and the Sui Foundation. The new tokens, USDi and suiUSDe, are expected to launch later this year, according to a press release. USDi will be backed 1:1 … Read more
Stocks printed fresh records and gold is on a tear crossing $3,900, but the last leg higher in traditional markets left bitcoin (BTC) behind. The largest crypto, often touted as digital gold, has been stuck in a $100,000–$120,000 range for nearly three months after setting new highs in July and August. The lag fits a … Read more
The acting chairman of the Federal Deposit Insurance Bureau, Travis Hill, has been nominated by President Donald Trump to take over the role more permanently, which would elevate an official who has leaned hard against the trend of debanking that plagued crypto insiders and their businesses. Hill, a former staffer at the Senate Banking Committee, … Read more
Memecoins, once dismissed as little more than internet jokes, have cemented themselves as a permanent fixture of the crypto economy, according to new research from Galaxy Digital. In a report published Wednesday, research analyst Will Owens argues that the sector has matured into a cultural and economic force in its own right. Galaxy estimates digital … Read more
A top tax executive for U.S. crypto exchange Coinbase suggested to U.S. senators at a Wednesday hearing that the Internal Revenue Service is ill equipped to handle the kind of tax reporting already in the works under current rules and that may be produced in future regulations. “The IRS is probably unprepared today to endure … Read more
Copper Research says usage of the Canton Network, a blockchain built for regulated finance, has quietly surged, with validator activity now including major U.S. exchanges alongside banks and infrastructure firms. Just over a year after launch, Canton has reached a scale unmatched by prior institutional blockchains, thanks to backing from Goldman Sachs (GS), HSBC (HSBC)and … Read more
Crypto platform Bullish (BLSH) has officially launched spot trading in the United States after securing both a BitLicense and a money transmission license from the New York State Department of Financial Services (NYDFS) last month. Trading is now live in 20 U.S. states and territories, including California, New York, and Washington, D.C. Though new to … Read more
XLM posted a volatile trading session over the past 24 hours, surging from $0.36 to $0.39 before giving back gains in a sharp intraday reversal. The move represented a 7% advance as volumes spiked to 56.77 million—nearly double the 24-hour average—suggesting heightened institutional activity. The most notable breakout occurred at 08:00 UTC on Oct. 1, … Read more
Circle (CRCL), the crypto company known for its USDC stablecoin, introduced on Wednesday its tokenized U.S. Treasury fund offering to Solana, expanding its footprint to the blockchain known for low-cost transactions and fast settlement times. The move expands the USYC token beyond Ethereum, Near, Base and Canton networks and the planned addition of BNB Chain. … Read more
The financial industry loves to talk about speed. Real-time payments. Instant settlement. Same-day ACH. But making a horse-drawn carriage go faster doesn’t turn it into a car. The problem with traditional financial settlement is that it was built for a world that no longer exists. The unfixable problem Traditional financial infrastructure is a patchwork of … Read more