Bitcoin miners are working out of room to breathe. In the wake of a $19 billion market rout, operators have begun shifting huge volumes of Bitcoin onto exchanges, a basic sign that promote strain is constructing. Data from CryptoQuant reveals that between Oct. 9 and Oct. 15, mining wallets despatched 51,000 BTC, price greater than…
Ethena’s synthetic dollar, USDe, shed over $2 billion in market capitalization after briefly dropping its greenback peg on Binance. The flash occasion uncovered structural dangers in crypto’s stablecoin plumbing. According to CryptoSlate knowledge, USDe’s market worth dropped from $14.8 billion on Oct. 10 to $12.6 billion by Oct. 12. The decline coincided with a Binance…
BNB, the native token of Binance’s ecosystem, climbed to a document high of $1,355 following a turbulent weekend that noticed $20 billion wiped from the broader crypto market. Data from CryptoSlate confirmed that BNB surged 17% in 24 hours, outperforming different top-ten cryptocurrencies by market capitalization. The rally got here even amid President Donald Trump’s…
Bitcoin’s change withdrawals have climbed to their highest sustained degree since 2022, even because the asset trades close to record highs. While present outflows stay beneath the 2023 accumulation peak, the renewed withdrawal pattern highlights a behavioral shift in how traders acquire publicity to Bitcoin. Institutional demand more and more flows via spot exchange-traded funds…
Coinbase has surpassed $1 billion in on-chain Bitcoin-backed mortgage originations eight months after launching the product in January 2025, and CEO Brian Armstrong has set a $100 billion lifetime originations target.. The run fee implied by the primary eight months is roughly $125 million per 30 days, which frames the tempo required to succeed in…
The SEC issued a no-action letter on Sept. 30, permitting funding advisers to use state-chartered belief firms as certified custodians for crypto property, opening the door for Ripple, Coinbase, and different digital asset corporations to serve registered funds. The staff guidance clarifies the definition of “financial institution” under the Investment Advisers Act of 1940 and…
Binance introduced it’s rolling out a white-label service designed to assist conventional monetary establishments launch crypto trading platforms while not having to construct the infrastructure themselves. The providing, branded as Crypto-as-a-Service (CaaS), gives banks, brokerages, and different regulated corporations with entry to Binance’s spot and futures markets, liquidity swimming pools, custody options, and compliance instruments….
Naver Financial, the fintech arm of South Korea’s largest search engine, is weighing a possible share-swap settlement with Dunamu, the operator of Upbit. Earlier immediately, experiences from native shops advised that the talks had already superior into merger territory, however Naver’s regulatory filing clarified that no binding phrases have been confirmed. The disclosure, submitted to…
Creditors of the collapsed crypto change FTX are going through another spherical of fraud, this time by way of a faux airdrop scheme. Sunil Kavuri, a well-liked FTX creditor advocate, warned on Sept. 24 that group members are being targeted with phishing emails exploiting info stolen within the Kroll knowledge breach. Kavuri shared a screenshot…
Crypto.com chief government Kris Marszalek has rejected claims that the alternate didn’t disclose a 2023 safety incident, framing the controversy as misinformation from uninformed sources. His rebuttal got here after a Bloomberg investigation alleged the corporate had quietly endured a cyberattack linked to Scattered Spider, a bunch recognized for tricking workers into surrendering entry credentials….