Digital assets, cryptocurrencies, blockchain, and currency news.
Key Highlights: Project Faro is preparing to launch a US dollar-pegged stablecoin before introducing tokens backed by other G7 currencies, prioritizing a euro-pegged asset. The banking initiative has grown from 10 founding financial institutions to 21 international firms, including Bank of America, UBS, Fidelity Investments, and Wells Fargo. The group plans to name a chief ...
Key Highlights: Bitcoin is testing a vital historical support zone ranging between $67,000 and $75,000 following a rejection from its recent $87,500 high. Technical confluence between a monthly breaker block at $72,500 and a weekly imbalance level (IFVG) around $70,900 highlights a prime liquidity region for potential buyer absorption. A successful defense of these structural ...
Key Highlights Bitdeer reported $217.5 million in self-mining revenue and $59.9 million in co-mining revenue, though rising operational costs reduced gross margins to 3.4%. AI Cloud revenue surged to $20.4 million, up from $1.8 million the previous year, supported by 332 megawatts of secured AI Cloud IT capacity. Major global deals include an AI data ...
Key Highlights: Ethereum’s Hoodi upgrade remains indefinitely delayed following the cancellation of its scheduled October 26 activation, with core developers yet to establish a new timeline. Technical scrutiny surrounds EIP-8037 and EIP-8038 under the Glamsterdam roadmap, which alter state gas accounting and block gas limits from 60 million to 200 million. Security research by ChainSecurity ...
Key Highlights: Major global financial institutions, including Goldman Sachs and Citigroup, have committed approximately $270 million to a collaborative stablecoin initiative known as Project Faro. The capital injection is designated to fund five years of operating expenditures for the newly formed U.S.-based entity, which plans to issue a U.S. dollar-pegged stablecoin alongside future G7-pegged tokens. ...
Key Highlights: An unidentified People’s Bank of China (PBOC) official affirmed that overseas entities are prohibited from offering real-world asset (RWA) tokenization services to mainland domestic entities, calling such activities illegal. The regulatory clarification follows the Solana Foundation opening a commercial presence in Shanghai, an event that featured light-show promotions on the Citibank tower in ...
Key Highlights Options market data reveals an implied one-standard-deviation (1σ) move of ±9.7% for XRP, leading Solana, Ethereum, and Bitcoin in expected near-term volatility. Coinbase observed that XRP exhibits a substantial premium to its typical price action, pointing out that “$XRP carries the widest premium to its median 7d move (1.97×).” Trading at $1.06 following ...
Key Highlights: KDS is bridging traditional U.S. financial infrastructure to public EVM blockchains, granting tokens the exact rights of conventional assets like dividends, voting rights, and underlying claims. Backed by Depository Trust Company (DTC) entitlements, the platform will enable users to custody digital claims on equities, ETFs, and bonds directly within self-custodial crypto wallets. Targeting ...
Key Highlights Moody’s completed a test delivering sample credit rating feeds simultaneously to both permissioned and permissionless blockchains using Chainlink’s cross-chain infrastructure. The initiative builds upon Moody’s launch of its Token Integration Engine (TIE) on the Canton Network, expanding the reach of its onchain data across multiple networks. Competitor S&P Global Ratings previously partnered with ...
Key Highlights Approximately $3.6 billion worth of Bitcoin has been converted into BlackRock’s iShares Bitcoin Trust (IBIT) shares following regulatory approval for in-kind creation and redemptions. Demand for conversions has climbed to an all-time high, driven primarily by investors seeking institutional-grade custody and security over self-managed private keys or crypto exchange wallets. BlackRock has significantly ...
Key Highlights Marc Asch, the founder of Hidden Road and head of Ripple Prime, is stepping down at the end of the year to pursue new opportunities. Noel Kimmel, Senior Vice President at Ripple Prime, will take over leadership of the prime brokerage unit and its team. The transition comes roughly a year after Ripple ...
Key Highlights Bitcoin decoupled from the broader U.S. equity market on Monday, remaining flat despite strong rallies in the S&P 500 and Nasdaq Composite. Persistent institutional outflows continue to weigh on the asset, with U.S. spot Bitcoin ETFs shedding $201 million on Monday and roughly $1.5 billion since November 2. Market pressure is mounting from ...