Author: admin

In brief SpaceX move around $94 million worth of Bitcoin on Wednesday. The move is the latest in a string of similarly sized transfers as the firm reportedly prepares for a potentially record-breaking IPO. Elon Musk’s company holds about $765 million worth of Bitcoin. Privately held aerospace company SpaceX moved more than $94 million in Bitcoin on Wednesday, according to on-chain data, ahead of reported plans to go public in 2026.Bitcoin addresses labeled as belonging to SpaceX by blockchain analytics firm Arkham Intelligence transferred around 1,021 BTC in total to two addresses, broken into amounts of 407 BTC and 614…

President Donald Trump’s drive against U.S. debanking of controversial industries, such as digital assets, has led to a new report from the Office of the Comptroller of the Currency that further confirms the past practice and warns of potential punishment for the banks allegedly involved.The OCC is directing banks to heed President Donald Trump’s executive order issued in August that called for a halt to debanking and to punish those who’ve unfairly severed legal customers from the banking system. Trump’s order had demanded regulators probe for firms under their supervision that are guilty of debanking and go after them, “including…

Ethereum saw a flurry of big moves that traders say could matter for its next price swing. In just a few hours, major accounts pulled large sums off an exchange and big wallets opened sizable margin longs. Market watchers are parsing those moves for clues. Related Reading Institutions Shift Big Stakes According to Arkham Intelligence, Amber Group and Metalapha pulled out 9,000 Ether from Binance in a short span, a haul worth more than $28 million at current prices. Based on reports, institutional flows have been heavy for months — nearly 4 million ETH has been accumulated by institutions over…

“The most likely scenario is neither extreme, but rather a continuation of the current price trend,” Gemini stated. Ripple’s XRP has headed south over the past several months and is currently trading at around $2.08, or 45% below the all-time high of $3.65 registered in the summer. The question now is whether the downtrend will intensify by Christmas or if the price is gearing up for a new peak. To get a clearer perspective, we asked four of the most widely used AI-powered chatbots to share their take on the matter. What’s More Likely? ChatGPT claimed that a plunge to…

Digital Asset and a group of financial institutions have completed a second round of onchain US Treasury financing on the Canton Network, introducing real-time collateral reuse and expanding the number of stablecoins involved.Five transactions were executed in the newest phase, building on the July pilot, which first demonstrated that US Treasurys and the USDC (USDC) stablecoin could be combined to finance and settle transactions on the blockchain.In the latest trial, the companies used multiple stablecoins to finance positions against tokenized US Treasurys, widening the pool of onchain liquidity available for financing transactions. The trial showed that tokenized US Treasurys could…

Abu Dhabi Global Market has approved USDT on nine additional blockchains. Stablecoin issuer Tether announced that USDT issued on several major blockchains has been recognised as an Accepted Fiat-Referenced Token (AFRT) within the Abu Dhabi Global Market (ADGM). The designation allows firms licensed by the ADGM’s Financial Services Regulatory Authority (FSRA) to conduct regulated activities involving USDT on Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and Tron blockchain networks. Extending USDT’s Regulated Footprint The move follows what the company described as ongoing engagement with the FSRA to demonstrate the resilience, transparency, and compliance elements of its operations. The latest…

In brief SEC Chair Paul Atkins said ICOs tied to network tokens, digital collectibles, or digital tools should not be treated as securities. Under his token taxonomy, only tokenized securities would fall under SEC oversight, with many ICOs shifting to the CFTC’s lighter-touch regime. The stance signals a potential revival of ICO fundraising in the U.S., even ahead of any market structure legislation. SEC chair Paul Atkins said Tuesday that numerous types of ICOs, or initial coin offerings, should be considered non-securities transactions, and thus outside the Wall Street regulator’s jurisdiction.“That’s what we want to encourage,” Atkins said Tuesday at…

Weary U.S.-based bitcoin BTC$92,913.54 bulls might think it’s their imagination that they seem to wake up every morning to BTC doing pretty well only for prices to head lower during the U.S. trading session.They are, in fact, not imagining things.Data from crypto analytics platform Velo.xyz shows that over the past year, bitcoin is more likely to be in the green when traditional U.S. markets are closed and in the red when they’re open.Bitcoin performance by the hour over past year (Velo.xyz) Bloomberg’s Eric Balchunas said the data on better performance after U.S. hours was similar for 2024 as well and…

Real-world asset (RWA) tokenization network Real Finance has secured $29 million in private funding to build an infrastructure layer for RWAs, aiming to make it easier for institutions to adopt tokenized assets.The funding round included a $25 million capital commitment from Nimbus Capital, a digital asset investment firm, with additional participation from Magnus Capital and Frekaz Group, the company informed Cointelegraph. Real Finance stated that the funding will be utilized to expand its compliance and operational infrastructure as it develops a full-stack RWA platform.In the near term, the company aims to tokenize $500 million worth of RWAs — a target it…

In brief HashKey Holdings seeks to list 240.57 million shares in Hong Kong as the city expands its regulated crypto market. The filing shows HK$29.0 billion in staking assets and HK$7.8 billion in managed assets alongside rising multi-year losses. The debut could gauge market demand for licensed digital asset platforms as Hong Kong deepens its push into regulating the sector. HashKey Holdings Limited is set to become Hong Kong’s first publicly-listed crypto exchange after filing its initial public offering on Monday, outlining the scale of its trading, custody, and tokenization businesses in the city, which has emerged as one of…