U.S. bank Citizens began coverage of Circle Internet (CRCL) with a market perform rating, noting that while the company is poised to capitalize on stablecoin growth, its valuation already captures much of the upside. Circle, issuer of the second-largest stablecoin, the dollar-pegged USDC, and euro-pegged EURC, has built a broad infrastructure suite, including a payments … Read more
Crypto exchange Gate unveiled Gate Fun, an on-chain platform that allows users to issue and trade tokens without coding. The platform runs on Gate Layer, the company’s recently launched layer-2 network built on the OP Stack. Gate claims users can create tokens in under a minute by paying a small gas fee in GT, the … Read more
JPMorgan analysts said the stablecoin market has pulled ahead of the broader crypto ecosystem this year, fueled in part by the passage of the U.S. GENIUS Act. At nearly $300 billion, the market has grown 42% year-to-date, nearly double the 21% growth of crypto overall, according to a report published Tuesday. The report notes that … Read more
CoreWeave (CRWV), an AI-focused cloud computing company, secured a $14.2 billion deal with Meta Platforms (META) to supply Nvidia’s latest GB300 systems, according to a Bloomberg report citing an interview with CEO Michael Intrator. Shares in the company, which is in the process of buying Core Scientific (CORZ) for $9 billion, jumped more than 8% … Read more
Tether, the crypto firm behind the USDT (USDT) stablecoin, has added about $1 billion worth in bitcoin (BTC) to its reserves, bringing holdings to $9.7 billion as the supply of its flagship stablecoin rose to nearly $175 billion. Blockchain data by Arkham Intelligence shows that the address tagged as “Tether: Bitcoin Reserves” received 8,889 BTC … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3988.9, down 1.1% (-46.29) since 4 p.m. ET on Monday. None of the 20 assets are trading higher. Leaders: APT (-0.1%) and ETH (-0.3%). Laggards: NEAR (-3.8%) and AVAX … Read more
Decentralized finance (DeFi) protocol Build on Bitcoin (more commonly known as “BOB”) unveiled a system that lets bitcoin (BTC) holders move their assets into decentralized trading apps with a single click, the company said on Tuesday. “BOB Gateway” connects native Bitcoin to LayerZero’s “omnichain fungible token” (OFT) version of wrapped BTC, an asset issued by … Read more
Bakkt (BKKT) may have surged 170% in just two weeks, but one Wall Street firm says the rally hasn’t erased the stock’s upside potential. Broker Benchmark raised its price target on the crypto infrastructure company to $40 from $13, while reiterating its buy rating on the stock. The shares were 2% higher in early trade, … Read more
IG Group (IGG) secured a crypto asset license from the U.K.’s Financial Conduct Authority (FCA), becoming the first London-listed firm to join the regulator’s crypto register, the company said in a press release Tuesday. The move paves the way for an expanded set of crypto services on its platform, IG said. The company, best known … Read more
Crypto majors bitcoin (BTC) and ether (ETH) rose on Tuesday as the market begins to consolidate following Monday’s recovery. Bitcoin is trading at $112,900 while ether is at $4,150, adding 0.78% and 1.1%, respectively, in the past 24 hours as futures open interest jumped from $29 billion to $31 billion in a sign of bullish … Read more
Visa (V) is commencing a pre-funding pilot for the use stablecoins through Visa Direct, its real-time payments platform. Businesses would now be able to move money across borders free of the requirement to park large fiat in balance in advance, Visa announced on Tuesday. “The goal: reduce friction, unlock faster access to liquidity and give … Read more
By James Van Straten (All times ET unless indicated otherwise) If Monday’s trading performance in crypto and related equities is any indication of what October and the fourth quarter may bring, it could be a buoyant period for an industry still lagging behind both U.S. equities and metals. Bitcoin (BTC) jumped 5% from Friday’s fear-driven … Read more
BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund has overtaken Deribit as the largest venue for bitcoin (BTC) options in an indication of how accreditation and institutional capital is reshaping crypto derivatives trading. Open interest in IBIT contracts hit nearly $38 billion after Friday’s expiry, versus $32 billion on Deribit, which had dominated the market since … Read more
Chainlink said it developed a technical process allowing banks to interact with tokenized investment funds through Swift, the interbank messaging system that underpins much of traditional finance. In a pilot with UBS, Chainlink’s Runtime Environment (CRE) processed subscriptions and redemptions for a tokenized fund using ISO 20022 messages, the international standard for financial messaging used … Read more
Deutsche Börse Group (DB1) signed a memorandum of understanding with Circle Internet Group (CRCL) to bring regulated stablecoins into Europe’s financial market infrastructure. The agreement aims to integrate Circle’s euro- and dollar-pegged tokens, EURC and USDC, into trading, settlement and custody services across the exchange operator’s platforms, the firms said in a statement on Tuesday. … Read more
Societe Generale’s digital asset subsidiary, SG-FORGE, has taken its euro and dollar stablecoins into decentralized finance (DeFi), opening them up to borrowing, lending and spot trading, according to a press release on Tuesday. The move places the bank’s EUR CoinVertible (EURCV) and USD CoinVertible (USDCV) on Ethereum-based protocols Morpho and Uniswap, extending SG-FORGE’s effort to … Read more
DOGE advanced intraday but couldn’t sustain above $0.24, fading into a tight post-rally coil. A 780M volume burst fueled the midday push; late in the session, supply re-emerged and price reset to the $0.23 shelf. News Background Large-holder flows turned net negative for the day, with whales offloading an estimated 40M DOGE, trimming aggregate balances … Read more
XRP gained 2.1% during the 24-hour trading session from September 28 at 21:00 to September 29 at 20:00, climbing from $2.84 to $2.90 while moving within a $0.10 range that represented 3.47% of the opening price. News Background • Large institutional addresses holding between 10–100 million XRP tokens accumulated over 120 million coins across the … Read more
OKX SG, the Singapore-based unit of OKX, said it is bringing the crypto exchange’s integrated payments service, OXK Pay, to the city-state through a stablecoin-powered scan-to-pay service tie-up with Southeast Asia’s “everyday everything” app, Grab. OKX SG, which received a major payment institution license from the country’s central bank just over a year ago, will … Read more
Washington has a narrow window to deliver clear U.S. crypto rules, Ripple Chief Legal Officer Stuart Alderoty argues, urging lawmakers to “finish the job on crypto clarity.” In an op-ed published Monday on RealClearMarkets, Alderoty said the Securities and Exchange Commission has for the first time listed crypto clarity among its top priorities — signaling … Read more
Keel, a new Solana-native capital allocator, debuted on Tuesday with a roadmap to channel up to $2.5 billion across decentralized finance (DeFi) and tokenized asset markets in the Solana (SOL) ecosystem. Keel is structured as being part of the Sky ecosystem, the long-running DeFi protocol formerly known as MakerDAO, as one of its autonomous units … Read more
SINGAPORE — SEC Commissioner Hester Peirce said Tuesday that the regulator is open to engaging with industry participants on tokenizing products, while emphasising the complexity of how these tokenized assets interact with their traditional counterparts. “We are willing to work with people who want to tokenize, we urge them to come talk to us,” Peirce … Read more
New York Department of Financial Services Superintendent Adrienne Harris will leave the regulator next month, she announced Monday. Harris, a former White House special assistant under former President Barack Obama, will depart NYDFS on Oct. 17, 2025, New York Governor Kathy Hochul said in a statement. NYDFS Executive Deputy Superintendent of Research and Innovation Kaitlin … Read more
Cryptocurrency anti-money laundering (AML) specialist Notabene has introduced Notabene Flow, a stablecoin payment platform designed for high-value business transactions. Notabene, a firm focused on bringing compliance to crypto transactions, such as applying the so-called “Travel Rule,” said its platform adds features long absent from crypto rails in an emailed statement on Monday. These include payment … Read more
Gold’s historic rally accelerated on Monday, with spot prices punching through $3,800 per ounce to set fresh all-time record, extending a torrid year in which bullion is up roughly almost 47% year-to-date. That surge is echoing on across crypto rails, with gold-backed tokens climbing to an all-time high market capitalization of $2.88 billion, CoinGecko data … Read more
WASHINGTON, D.C. — U.S. Securities and Exchange Commission Chairman Paul Atkins said that “crypto is job one” as his agency hosted a Monday roundtable focused on harmonizing policy work with its sister regulator, the Commodity Futures Trading Commission. Both agencies are set to have central roles in overseeing the digital assets markets in the U.S., … Read more
The U.S. Securities and Exchange Commission (SEC) has asked crypto exchange-traded fund (ETF) issuers to withdraw their 19b-4 filings, paving the way for a faster approval process after new rules removed a key regulatory hurdle, a person familiar with the matter told CoinDesk. Earlier this month, the SEC signed off on generic listing standards, which … Read more
Stellar’s native token XLM posted a strong rally over the past 24 hours, climbing 3.7% from $0.36 to $0.37 on heavy trading activity. The move was fueled by two distinct breakout phases: an evening surge on September 28 at 22:00 that carried prices to $0.37 on volume nearly double the daily average, followed by a … Read more
In a bold shift for Solana’s (SOL) scaling roadmap, Jump Crypto’s Firedancer development team has submitted a proposal, known as SIMD-0370, that would remove the block-level compute unit limit. The change, which the team suggested would be implemented following the deployment of the Alpenglow upgrade, could unlock a new regime of throughput by letting block … Read more
Bitcoin (BTC) traders are once again placing bold bets on perpetual futures, undeterred by recent volatility that triggered a significant unwind of leveraged long positions. Singapore-based QCP Capital reported on Monday that open interest in perpetuals (futures with no expiration) is increasing, along with funding rates across major centralized and decentralized exchanges, signaling a strong … Read more