FEATURED6 days agoCointelegraph•6 days agoOKX built a perps DEX but held off due to regulatory concernsOKX built a perps DEX but held off due to regulatory concerns [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5Njk4ZGEtMzQ3MS03ZjAyLTkwMDAtM2ViYzQ4N2RjM2Uz.jpg] OKX founder and CEO Star Xu cited the CFTC enforcement action against Deridex in September 2023 as a concern, but didn’t specify if it was why OKX paused its launch.
The Block•6 days agoLINE and Kaia to launch stablecoin superapp for cross-border paymentsKaia and LINE NEXT plan to launch the beta version of the 'Project Unify' super-app later this year on LINE's Dapp Portal.
Cointelegraph•6 days ago‘Uptober’ rally questioned as crypto markets turn red 9 days out‘Uptober’ rally questioned as crypto markets turn red 9 days out [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDgvMDE5OGZlNTAtOTg2NC03YmMxLThmMGItZmQ1ZGJmN2RiNzBm.jpg] Bitcoin dropped to 12-day lows on Monday despite analysts hyping ‘Uptober’ rally potential, though not all are confident that next month will be up only.
CoinDesk•6 days agoDOGE Flashes Classic ‘1-2 Pattern’ as Bulls Eye $0.28–$0.30 BreakoutDogecoin endured a sharp overnight selloff, sliding from $0.27 to $0.25 during the September 21–22 session, as institutional traders offloaded positions on record volumes exceeding 2.15 billion tokens. The midnight rout carved through support levels and established fresh resistance zones, leaving DOGE consolidating around $0.25 as traders monitor for recovery or continuation lower. NEWS BACKGROUND • DOGE fell 7% over the 24-hour period ending September 22 at 02:00, retreating from $0.27 to $0.25. • Midnight trading saw a collapse from $0.26 to $0.25 on record 2.15 billion volume, dwarfing the 24-hour average of 344.8 million. • Analysts flagged a “1-2 pattern” formation that has historically preceded DOGE breakouts above $0.28–$0.30. PRICE ACTION SUMMARY • DOGE’s range spanned $0.02 (≈8%) between a $0.27 high and $0.25 low. • Resistance solidified near $0.27 following repeated rejections. • Institutional support emerged around $0.25, with recovery attempts keeping DOGE anchored above this level. • In the final hour (01:14–02:13), DOGE bounced within a narrow $0.25–$0.25 channel, showing accumulation patterns with spikes at 01:25 and 02:03. TECHNICAL ANALYSIS • Record 2.15B tokens traded during the…
Decrypt•6 days agoMetaplanet Hits 85% of Bitcoin Yearly Target, Becomes Fifth-Largest Corporate HolderTokyo-listed Metaplanet bought 5,419 BTC in a $633 million deal, vaulting into the top five public holders as it advances toward its goals.
Decrypt•6 days agoBNB is Soaring: Here's Where Analysts See It Headed NextBNB surged to a record high, buoyed by institutional demand, though analysts caution the rally may face a short-term pullback.
Cointelegraph•6 days agoCoins for classrooms: CZ raises $1.3M in donations for Giggle AcademyCoins for classrooms: CZ raises $1.3M in donations for Giggle Academy [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWM3MjUtZDg5OC03NGRhLThmNmYtMmFkZGY3ZGQ4NzE2.jpg] The lion’s share of donations has come from trading fees for a newly launched memecoin called $GIGGLE, launched by an X user known as RUNE.
Cointelegraph•6 days agoArthur Hayes says he sold all his HYPE... to buy a FerrariArthur Hayes says he sold all his HYPE... to buy a Ferrari [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDkvMDE5OTZmMDMtZDhkOC03MGZjLWEyM2YtN2JkNDc1Mjk0ZWVh.jpg] BitMEX co-founder Arthur Hayes sold his entire HYPE stash, netting over $800,000 in profit. The move comes just weeks after his wildly bullish 126x prediction.
CoinDesk•6 days agoXRP Slides 3% as Bitcoin Pullback Overshadows Record ETF LaunchXRP endured a volatile 24-hour session from September 21 at 03:00 to September 22 at 02:00, swinging 3.46% between a $3.014 high and $2.910 low. The selloff coincided with the debut of the first U.S.-listed XRP ETF, which set records with $37.7 million in opening-day volume, but institutional profit-taking overwhelmed the bullish catalyst. NEWS BACKGROUND • First U.S.-listed XRP ETF launched September 21, generating $37.7 million in day-one volume — the largest ETF debut of 2025. • Federal Reserve policy easing remains in focus, with markets pricing near-certain September rate cuts that typically support digital assets. • Analysts warn of structural consolidation despite ETF momentum, with resistance persisting near $3.00. PRICE ACTION SUMMARY • XRP fell 3.46% during the 24-hour period, collapsing from $3.01 to $2.91 before closing at $2.92. • Midnight crash drove price from $2.973 to $2.910, unleashing 261.22 million in volume — quadruple daily averages. • Liquidations totaled $7.93 million during the rout, with 90% hitting long positions. • Final 60 minutes saw XRP rebound from $2.92 to $2.94, only to retreat back to $2.92, creating a…
CoinDesk•6 days agoBitcoin Bulls Challenged by Dollar's Doji, XRP MACD Bearish Ahead of Fed Speak & PCE InflationThis is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. DXY VS BTC Last week, the Federal Reserve (Fed) delivered its first interest rate rate cut since December, while signaling more easing in the coming months. Yet, despite this dovish move, the dollar index (DXY), which tracks the greenback's value against major currencies, finished the week with a dragonfly doji on the weekly chart – a classic bullish reversal signal suggesting a USD rally ahead. The dragonfly doji gets its name from its distinctive “T” shape, which resembles the delicate wings of a dragonfly or the blade of a bamboo-copter toy. This pattern forms when the open, high, and close prices are nearly identical, accompanied by a long lower shadow that reflects a sharp price decline quickly reversed by buying pressure. The DXY initially fell on the news of the Fed rate cut, briefly dipping below the July low of 96.37, only to bounce back and end the week largely unchanged at 97.65, supported by resilience in U.S. Treasury yields. The appearance of the dragonfly doji…
The Block•6 days agoMetaplanet buys $632 million in bitcoin, largest BTC acquisition to dateThe purchase likely positions it as the fifth-largest public corporate bitcoin holder, surpassing Bullish, with total holdings of 25,555 BTC.
Cointelegraph•6 days agoRonin Treasury to start buying back millions of RON starting next weekRonin Treasury to start buying back millions of RON starting next week [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDcvMDE5ODM2NTItYjNlNi03YmJiLWEwYjQtMjNhY2QyNTgxYmQz.jpg] The Ronin Treasury will begin a $4.6 million RON buyback starting on Sept. 29, which is expected to reduce the circulating supply of RON by 1.3%.
Decrypt•6 days agoCrypto.com Data Breach Linked to Scattered Spider Hacker Collective: ReportThe crypto platform has confirmed a limited breach following a report linked it to the Scattered Spider hacker group.
The Block•6 days agoBitcoin falls below $114,500 after FOMC hype fades; market shows ‘nervous optimism’Investors are 'cautiously optimistic,' waiting for the next big catalyst, BTC Markets Analyst Rachael Lucas said.
Cointelegraph•6 days agoCrypto.com says report of undisclosed user data leak ‘unfounded’Crypto.com says report of undisclosed user data leak ‘unfounded’ [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDYvMDE5NzhiY2QtYjllZC03Y2M5LWEyODQtZGI2ZjdjM2IwMTQw.jpg] Crypto.com CEO Kris Marszalek says the exchange had disclosed a 2023 security breach to regulators, and accusations suggesting otherwise were misinformation.
Decrypt•6 days agoKaia and LINE Next to Launch Asia's ‘Universally Compliant’ Stablecoin Super-AppThe project embeds remittances, payments, and DeFi in LINE Messenger as Kaia looks to support multiple Asian currencies.
CoinDesk•6 days agoAsia Morning Briefing: China’s Car, America’s Currency — Why Stablecoins Keep the Dollar in the Driver’s SeatGOOD MORNING, ASIA. HERE'S WHAT'S MAKING NEWS IN THE MARKETS: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. On the streets of Bolivia, an advertisement for a bright green BYD Dolphin Mini is plastered across a billboard. The irony is hard to miss: a Chinese electric vehicle, the symbol of Beijing’s export strength in the world's emerging markets, is moving off lots in a BRICS country, but it is paid for in USDT – which is backed by the very treasuries China is dumping. China has spent years pushing de-dollarization in Latin America, framing it as South–South solidarity and economic independence from Washington. Bolivia now settles about 10% of its trade in yuan, Brazil has renewed a RMB 190 billion ($26 billion) swap line, and Argentina taps renminbi liquidity to avoid default. Yet the reality is different for retail consumers. China still wins on exports, but loses influence over the unit of account. This…
Cointelegraph•6 days agoToyota, Yamaha, BYD accept Tether in Bolivia as USD reserves shrinkToyota, Yamaha, BYD accept Tether in Bolivia as USD reserves shrink [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDkvMDE5OTZlNmYtMDgwYi03OWVmLTkxODktYTUxZjk4OTJjNDZm.jpg] Tether is now being accepted for payments at Toyota, Yamaha and BYD in Bolivia as businesses increasingly turn to stablecoins to navigate the country’s US dollar shortage.
The Block•6 days agoThe Funding: DATs have raised $20 billion, but have they peaked? What’s next?Over $20 billion has already poured into crypto treasury firms in 2025. Has funding peaked — or is more to come?
The Block•6 days agoEU finance ministers set roadmap to launch digital euro, though issuance could take years: ReutersThe digital euro has been a hotly contested proposition, with some EU member states concerned about its effects on financial privacy.
Cointelegraph•6 days agoJimmy Song slams Bitcoin Core devs for 'fiat' mentality on OP_ReturnJimmy Song slams Bitcoin Core devs for 'fiat' mentality on OP_Return [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDkvMDE5OTZlMGItMDZlOS03ZmQ0LWE2OTktYmQ2YjY2MWJhNmI5.jpg] Song accused BTC Core developers of defecting and failing to address widespread community concerns about non-monetary data on the ledger.
The Block•6 days agoPreviously unreported attack on Crypto.com leaked users’ personal data: BloombergA teenage hacker and his accomplice gained access to a Crypto.com employee's account in a previously unreported breach.
CoinDesk•6 days agoCoinbase CEO: 'We Want to Become a Super App and Provide All Types of Financial Services'Brian Armstrong, a co-founder and the CEO of Coinbase (COIN), said in an interview on Friday that Coinbase’s long-term goal is to be a financial “super app,” offering crypto alongside a broad range of financial services beyond traditional banking. Armstrong, speaking on Fox Business’ "The Claman Countdown," told Liz Claman that momentum in Congress is the strongest he has seen, with lawmakers from both parties advancing frameworks for the industry. A move that boosts Coinbase's momentum towards building the super app. He explained how his company wants to approach the buildout during the interview. Coinbase intends to integrate services people typically get from banks and fintechs and deliver them on crypto rails. He pointed to a recently launched Coinbase credit card that pays 4% back in bitcoin as an early example and argued card networks’ 2%–3% swipe fees show why payments need an overhaul. The longer-term target, he said, is a comprehensive application that handles spending, savings, payments and investing, not just trading. Armstrong spelled out the ambition explicitly: “We want to be a bank replacement for people, we want…
Cointelegraph•6 days agoTraditional economies are being 'sunset,' in favor of the internet: VCTraditional economies are being 'sunset,' in favor of the internet: VC [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5M2U1NjItY2JjZC03NmYwLTk0ZjctZDc2MzNkZDhiYzMw.jpg] Blockchain, artificial intelligence and online platforms are the future of commerce as the world moves to an internet-first economy.
The Block•6 days agoLow-risk DeFi, not memecoins, can best sustain Ethereum’s economy, co-founder Vitalik Buterin saysLow-risk DeFi can do for Ethereum what Google's advertising revenue does for that company: subsidize more interesting but less profitable applications.
CoinDesk•6 days agoGold vs Bitcoin: Performance Through the Lens of Money SupplyGold has been one of the strongest performing assets in 2025, rising 38% year to date, outpacing bitcoin23% advance. It's no secret, though, that bitcoin has done wildly better than gold (and pretty much everything else) over its short lifespan. A check of the two popular inflation-resistant assets against a broad measure of U.S. money supply (known as M2) yields further insight about their performances. Adjusted for M2 growth, gold — despite its recent strong run — remains below its 2011 peak and roughly the same level as it was in 1975. The all-time high for gold against M2 occurred in 1980. Bitcoin tells a different story. Each bull cycle has seen BTC hit a record versus M2, including last month when bitcoin touched both an absolute all-time high as well as a new high relative to money supply. Bitcoin relative to M2 money supply [https://cdn.sanity.io/images/s3y3vcno/production/b66f890a543b4b5968714f4fb70196308968358a-3034x1563.png?auto=format] This contrast could highlight the different roles of the two assets. Gold continues to serve as a long-standing hedge and a stabilizer in portfolios, while bitcoin’s behavior shows how new forms of money can…
Cointelegraph•6 days agoFirst Chinese CNH stablecoin debuts as global race heats upFirst Chinese CNH stablecoin debuts as global race heats up [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDgvMDE5OGQxYjUtZTE5NC03YmI3LWFiMTUtNWVmZjNlMWNiYWI0.jpg] Governments around the world are exploring and launching stablecoins to remain competitive against dollar-pegged digital fiat tokens.
Decrypt•6 days agoPrediction Markets and DAOs Are Cousins, Says Syndicate Co-FounderSyndicate itself has transitioned away from DAOs, but a co-founder sees echoes of them evident in prediction markets.
CoinDesk•6 days agoTrump's Relentless Attacks on Fed May Deepen Policy Lag, Send USD LowerOne of the most controversial features of President Donald Trump’s second term is his relentless criticism of Federal Reserve (Fed) Chair Jerome Powell for maintaining elevated interest rates – a stance Trump argues is unnecessarily costly to the American economy. But this is more than just rhetoric. Trump is aggressively attempting to undermine the Fed’s board, threatening an institution long known for its political independence. Ironically, this very assault risks backfiring, deepening what Trump and others describe as a Fed that is "behind the curve," potentially leading to a deeper sell-off in the U.S. dollar. "Political pressures make it tough to credibly shift to an overtly dovish footing. That leaves policy data driven (thus late) rather than pre-emptive. That's bad for the USD," the market insights team at Lloyds Bank led by Nicholas Kennedy, said in a note to clients on Sept. 18. TRUMP’S ATTACK ON THE FED Last Thursday marked a new chapter in Trump’s campaign against the central bank, as his administration took the unprecedented step of petitioning the U.S. Supreme Court to allow the firing of Federal…
Cointelegraph•6 days agoBitcoin traders have these BTC price levels in mind at $116KBitcoin traders have these BTC price levels in mind at $116K [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmUzM2EtMzliMy03NmZhLTlmNjAtODQzNjJjZDBlMTMx.jpg] Bitcoin market participants saw the area at $117,200 and above as particularly important heading into the weekly close and fresh US macro data.
Decrypt•6 days ago'Pudgy Party' Review: A Crypto 'Fall Guys' on Mobile—But Maybe BetterPudgy Penguins' casual mobile game Pudgy Party is a great riff on the Fall Guys battle royale formula. Here’s why you should play it.
CoinDesk•6 days agoStablecoin Adoption Set to Surge After GENIUS Act, Hit $4T in Cross-Border Volume: EY SurveyStablecoin adoption is gaining momentum among corporates and financial institutions driven by regulatory clarity and cost-savings in global money transfers, according to a survey by EY-Parthenon. Conducted with 350 executives in June after the Senate passed the GENIUS Act, the survey found that 13% of firms already use stablecoins, mainly for cross-border payments. Among those who didn't use stablecoins, 54% expected to adopt them within the next six to 12 months. Regulatory clarity provided by the GENIUS Act was widely viewed as a turning point. The legislation, which was signed into law in July, provided long-awaited rules for U.S. dollar-denominated stablecoins, including reserve requirements and issuer approval processes. Executives said in the survey the law reduces uncertainty around liquidity, tax treatment and custodial services. (EY-Parthenon) [https://cdn.sanity.io/images/s3y3vcno/production/4dd331adcb52a247d18d4962c42fdf676e743330-1974x902.png?auto=format] Cost savings are also a key driver for adoption, with 41% of current users reporting at least a 10% reduction in expenses from using stablecoins in international transactions. Respondents also saw stablecoins as a long-term fixture in global finance. By 2030, they estimate stablecoins could facilitate between 5% and 10% of all cross-border payments,…
Cointelegraph•6 days ago‘Diamond hand’ APX holder turns $226K into $7M amid ASTER swap rally‘Diamond hand’ APX holder turns $226K into $7M amid ASTER swap rally [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDkvMDE5OTZjOTgtMjljZi03NGVlLWE3ZWQtYzY5MWRmODgwMzVh.jpg] A wallet that bought $226,000 in APX in 2022 now holds over $7 million, as the token spiked 120% following the launch of the ASTER upgrade swap.
Cointelegraph•6 days agoCrypto can’t afford to wait for perfect regulationCrypto can’t afford to wait for perfect regulation [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmExNDMtZDFhOC03ODFkLTg5MDUtNzY2MzgzMDU5Yzgx.jpg] Crypto’s path forward lies in embracing imperfect regulation. Waiting for flawless frameworks will only stall adoption, innovation and the tokenization of real assets.
Decrypt•6 days ago$7 Billion Bitcoin Fraud Trial to Begin in London—What You Need to KnowA fraud case of “unprecedented” scale goes to trial this month—and could test how UK authorities deal with crypto-related financial crime.
CoinDesk•6 days agoCZ's Family Office Deepens Stake in Ethena Labs as USDe Stablecoin Supply Tops $13BYZi Labs, the family office founded by Binance co-founder Changpeng "CZ" Zhao and Yi He, which was rebranded from Binance Labs, has expanded its position in Ethena Labs, the protocol behind USDe, which has become the third-largest U.S. dollar-denominated crypto asset with more than $13 billion in circulation. The investment comes as Ethena enters a new stage of growth, which includes extending its footprint on BNB Chain. This includes rolling out products designed to bridge crypto and traditional finance, such as USDtb, a fiat-backed stablecoin in development, and Converge, an institutional settlement layer being built with Securitize and partners connected to BlackRock. USDe, marketed as a "synthetic dollar," uses bitcoin BTC, ether (ETH) and Solana's SOL (SOL)as backing assets, pairing them with an equal value of short perpetual futures positions on exchanges to maintain a $1 peg. Launched less than two years ago, the synthetic dollar crossed the $10 billion supply milestone faster than any other dollar-pegged crypto asset. “Since our investment team first met Guy [Young] in late 2023, Ethena has become the category definer for yield-bearing synthetic dollars,”…
Cointelegraph•6 days agoBNB quietly climbs 10% despite weekend lull: How high can the price go?BNB quietly climbs 10% despite weekend lull: How high can the price go? [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjdjMmMtNzI5Ni03Y2Q4LTg0N2ItNDViZDExZDNjODc2.jpg] BNB breakout patterns and onchain sentiment suggest a year-end rally, with upside targets stretching between $1,250 and $1,565.
CoinDesk•6 days ago'Am I Too Late to Invest' in Crypto? Here's What TradFi Is Asking Wall Street AnalystsCrypto, like the early days of the internet boom, is still in a "1996" phase with more room to grow, Jefferies analysts told large institutional investors in a client Q&A report. The investment bank, which launched full coverage of the digital assets sector in September, said it is getting strong and diverse interest from its clients. One of the main questions that analysts are fielding is, "Am I too late to invest?" to which the analysts, led by Andrew Moss, have answered, "Relative to the internet, it's 1996 for the digital asset ecosystem, and the next leg of growth has just begun." By drawing parallels to "1996," Jefferies paints a powerful and specific picture of Wall Street during the early days of the Internet — one that implies that crypto's next leg of growth has only just begun. The bank is referring to an era when the Internet was just hitting the mainstream. Netscape Navigator was battling Internet Explorer for dominance, Amazon was a fledgling online bookstore a year away from its IPO, and Google’s search engine wouldn't even exist…
Cointelegraph•6 days agoEU’s Chat Control law would push users toward ‘Web3 alternatives’ — ExpertsEU’s Chat Control law would push users toward ‘Web3 alternatives’ — Experts [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5MzJlZGEtYjdhNS03ODdlLTkzN2MtYWNkZDc4MDgzNGM5.jpg] Privacy experts warn EU’s Chat Control law could break encryption, erode trust in digital platforms and push users toward decentralized Web3 solutions.
Cointelegraph•7 days agoCannabis firm Flora Growth launches $401M treasury backing Zero GravityCannabis firm Flora Growth launches $401M treasury backing Zero Gravity [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDkvMDE5OTZiMjYtZjQzNS03ZGQ2LWEzOWQtMDI4OWM2NWVhMTVk.jpg] Nasdaq-listed Flora Growth will rebrand to ZeroStack after raising $401 million to support 0G, a decentralized AI blockchain training 107B-parameter models.
Cointelegraph•7 days agoLow-risk DeFi could do for Ethereum what search did for Google, Vitalik saysLow-risk DeFi could do for Ethereum what search did for Google, Vitalik says [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NDdhNjItMWY1Ny03YmZhLWJmZjYtNWZmMjA2YzIxZWYz.jpg] Vitalik Buterin said low-risk DeFi protocols can bring in stable revenue for the network, like how Google Search does for Google, but while also ensuring Ethereum’s core values remain intact.
Cointelegraph•7 days agoChangpeng Zhao’s YZi Labs deepens stake in stablecoin issuer EthenaChangpeng Zhao’s YZi Labs deepens stake in stablecoin issuer Ethena [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NjhhZjAtMWI5MC03MjQ5LWFjMDktYjMxMDI2NGRjYWU0.jpg] YZi Labs has invested further into Ethena to push USDe adoption across more chains and platforms, while also assisting with the development of a new stablecoin.
CoinDesk•7 days agoKalshi Outpaces Polymarket in Prediction Market Volume Amid Surge in U.S. TradingKalshi is pulling ahead in the prediction market race, capturing a dominant share of trading volume even as competitors like Polymarket push into regulated U.S. territory. From Sept. 11 to 17, Kalshi accounted for 62% of total volume in the on-chain prediction market sector, according to data from Dune Analytics, while Polymarket’s stood at 37%. The former’s weekly trading pace topped $500 million, with an average open interest of around $189 million. Prediction market volumes (Dune) [https://cdn.sanity.io/images/s3y3vcno/production/27276212fe323dbcda985e288d7c8eb257bdce17-1120x662.jpg?auto=format] Its volume is beyond that of Polymarket, which stood at $430 million, and its average open interest of $164 million, which implies “sticker positions on Polymarket and faster turnover on Kalshi.” Polymarket's longer-term markets, which often stretch over weeks or months, keep user funds locked in for longer periods, essentially. This shows up in the open interest-to-volume ratio: Polymarket averaged 0.38, while Kalshi sat lower at 0.29. That suggests Kalshi's users are trading more often, while Polymarket's positions tend to sit. Still, Polymarket is building out a greater position in the U.S. The platform has cleared its acquisition of QCX, a regulated derivatives…
Cointelegraph•7 days agoCrypto ready for 'up only' mode once US TGA hits $850B target: Arthur HayesCrypto ready for 'up only' mode once US TGA hits $850B target: Arthur Hayes [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NDdmOTEtNjhlNi03NzdlLWFjZWUtNmU4YmE0N2I3NDhk.jpg] Liquidity is set to flow into private financial markets once the United States Treasury fills its General Account with $850 billion.
The Block•7 days agoSenate Democrats push for ‘bipartisan authorship process’ for crypto market structure billTwelve Democratic Senators signed a letter urging their Republican colleagues to work with them to craft bipartisan crypto market regulations.
CoinDesk•7 days agoInternet Computer Bets Big on AI as Crypto Markets Play Catch-UpThe Internet Computer (ICP), a blockchain project that has sought to differentiate itself from rivals, is doubling down on its pitch as the go-to network for on-chain artificial intelligence (AI). This could be the beginning of a new tech stack - one in which AI, not humans, becomes the primary developer of applications, according to Dominic Williams, founder of Internet Computer developer Dfinity. Williams argued that while crypto prices remain driven largely by market mechanics - treasury operations, liquidity games and speculation - the underlying technology will eventually force a reckoning in an interview with CoinDesk. “In the long run, markets begin to reflect realities on the ground,” he said. “But as yet you’re not seeing what’s happening with Internet Computer reflected in ICP’s price.” RUNNING AI ON-CHAIN The Internet Computer first demonstrated neural networks running as smart contracts in April last year, starting with image classification and later facial recognition, Williams said. While those were relatively simple models compared to large language models - the kind that power AI tools like ChatGPT and Gemini - they were proof of…
Decrypt•7 days agoAmericans Want AI's Benefits But Fear Losing What Makes Them Human: SurveyA new Pew Research survey reveals deepening anxiety about AI, with the majority of American respondents believing it will erode creativity and relationships.
Cointelegraph•7 days agoBitcoin will 'accelerate' as world heads into the Fourth Turning — AnalystBitcoin will 'accelerate' as world heads into the Fourth Turning — Analyst [https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDkvMDE5OTY4OGYtNTI5Ni03OWM1LTg0NWItOTUzYTk2MTUyZGE3.jpg] BTC will continue to appreciate and gain adoption as the global financial and geopolitical system is reshaped in the coming decades.
CoinDesk•7 days agoSolana’s Yakovenko Says Bitcoin Must Upgrade to Survive Quantum Threat by 2030Solana co-founder Anatoly Yakovenko warned that Bitcoin developers must act to prepare for a possible quantum computing breakthrough that could render the network’s current security measures obsolete. Speaking at the All-In Summit 2025, Yakovenko said there’s a “50/50” chance quantum computers will be powerful enough within five years to break the cryptographic protections securing Bitcoin wallets. “We should migrate Bitcoin to a quantum-resistant signature scheme,” he said. The concern stems from the possibility of quantum machines running algorithms like Shor’s, which could crack the Elliptic Curve Digital Signature Algorithm currently protecting Bitcoin private keys. That would make it possible to forge transactions and compromise wallets, an existential risk for the network. COMMUNITY PUSHBACK Bitcoin’s design doesn’t make such a change easy. A migration to post-quantum cryptography would require a hard fork, a highly contentious and technically complex process that would need widespread support across the network and would not be backward-compatible. While Yakovenko stressed urgency, others in the crypto community aren’t convinced the threat is near. Adam Back, CEO of Blockstream, estimated that the technology is still somewhat far away…
The Block•7 days agoFlora Growth secures $401 million for Zero Gravity treasury ahead of Monday’s 0G token airdropThe 0G token is set to be launched on Monday following an airdrop from the 0G Foundation and listings on major exchanges.