Category: crypto

U.S. stocks traded mixed as concerns over bad loans at regional banks persisted despite President Trump’s comments on trade tensions with China. The Dow Jones rose 50 points, but the S&P 500 slipped 0.2% due to credit jitters. Gold prices surged as investors sought safe-haven assets amid market uncertainty.

Crypto markets crashed as Trump reaffirmed 100% tariffs on China, despite admitting they are unsustainable. This led to a 5% drop in crypto assets, with Bitcoin falling 5% and the total market cap falling 5.75%. Trump’s comments caused renewed global risk aversion and uncertainty in the market.

Arthur Hayes’ family office is aiming to raise $250 million for a new fund that will invest in or acquire medium-sized cryptocurrency firms. The fund, Maelstrom Equity Fund I, plans to invest $40-75 million in each deal, targeting equity stakes in trading and data analytics platforms. The goal is to reach $1 billion by September…

Dankrad Feist, a prominent Ethereum Foundation researcher, is joining Tempo, a Stripe-backed Layer-1 blockchain project focused on stablecoins. Feist will remain an advisor at EF, continuing his work in L1 scaling, blobs, and UX. He aims to contribute to the growth of crypto payments and sees alignment between Ethereum and Tempo.

Huobi founder Li Lin plans to accumulate $1 billion in Ether for a digital asset treasury, making it one of the largest accumulators of the cryptocurrency. Lin, along with other prominent investors in Asia, has formed a digital asset trust to aggressively pursue Ethereum accumulation. This initiative aims to be one of the largest private…

Upexi, a Solana treasury firm, remains unaffected by recent crypto market volatility due to their buy-and-HOLD strategy. They focus on capital raises, staking, and issuing convertible bonds. Upexi chooses Solana over Ethereum for its performance and ecosystem. The company plans to continue their conservative approach despite market trends.

OKX is expanding its collateral mirroring program with Standard Chartered into the European Economic Area under the MiCA license. The service allows institutional clients to store digital assets with the bank while mirroring balances on OKX for trading. Despite regulatory issues in Malta and the Netherlands, OKX aims to provide a secure ecosystem for digital…

Singapore’s MAS has introduced the BLOOM initiative to enhance digital asset settlement and improve global financial systems. The initiative focuses on tokenized bank liabilities and stablecoins, aiming to streamline settlement systems and improve compliance checks. MAS is collaborating with major financial institutions to drive adoption and innovation in the industry.

Institutional demand for Ethereum remains strong despite the asset’s price showing signs of stagnation. Ethereum ETFs received $170 million in net inflows on Oct. 15, led by BlackRock’s ETHA. Technical indicators suggest Ethereum may consolidate until a new catalyst emerges, with key resistance levels at $4,292 and $4,452.

Lumera Protocol introduced Cascade, a decentralized storage module for AI data. It ensures redundancy by storing data across SuperNodes. The project also launched Lumera Hub, a dashboard for accessing its ecosystem. Cascade allows users to pay once and store data forever, making it a novel solution for data storage on the blockchain.