Category: crypto

The first XRP ETF had $26 million in trading volume in just 30 minutes, surpassing expectations and legitimizing XRP. The ETF launch is on track to be one of the biggest among altcoins. XRP’s price rose and then stabilized after the launch, with more XRP ETFs expected to launch in November.

Grayscale has filed for an IPO on the NYSE under the ticker symbol GRAY, following a trend of crypto companies going public in 2025. Post-IPO, Grayscale will have a dual-class share structure, with Digital Currency Group retaining control. The move aims to capitalize on the expected resurgence of the IPO market.

Hedera Foundation partners with BitGo and LayerZero to integrate WBTC, bringing institutional-grade Bitcoin DeFi to the HBAR network. The tokenized Bitcoin is backed 1:1 by BTC, allowing holders to participate in DeFi activities. With a market cap of $13 billion, WBTC on Hedera aims to unlock the next phase of DeFi adoption.

OKX has introduced in-app DEX trading for U.S. and international users. The feature allows trading of tokens on Solana, Base, and X Layer with self-custody wallets. This move aims to simplify decentralized trading by reducing technical barriers and giving users more control over their private keys.

Asset tokenization involves putting real-world assets on the blockchain, offering faster transfers and wider access. Developing nations are embracing blockchain, skipping traditional digitization. Companies are pushing for blockchain reforms in government systems. Benefits include speed, cost savings, and transparency. Governments are open to blockchain for anti-corruption efforts and cost-effectiveness.

Seismic has raised $10 million in funding led by a16z, bringing total funding to $17 million. The blockchain startup aims to address privacy barriers for fintechs using public blockchains. It plans to generate revenue through per-transaction fees and expand into fiat ramps and card programs. The industry is shifting towards blockchain privacy as a prerequisite…

The value of tokenized gold has surged to an all-time high of $3.6 billion, driven by macroeconomic risks and adoption. Tether’s XAUT and PAX Gold dominate the market. Rising macro uncertainty, including global trade disruptions and inflation fears, is increasing demand for tokenized gold as a safe haven investment.

Calastone, a leading funds distribution network with over £250 billion in monthly transactions, is integrating its token distribution solution with Polygon. This move will benefit over 4,500 financial institutions in 58 markets, providing faster settlements, lower costs, and programmable efficiency. Polygon’s infrastructure offers high speed and instant finality, appealing to institutional investors.

Polymarket has become Yahoo Finance’s exclusive prediction market partner, with real-time prediction bets featured on the platform. Prediction markets like Polymarket and Kalshi are gaining popularity, with increasing trading volumes and accurate predictions on real-world events. Trump Media & Technology Group has also entered the prediction market sector with Truth Predict, drawing criticism.

Sui has launched USDsui, a native stablecoin built on Bridge’s platform for its onchain economy. USDsui is interoperable across wallets, DeFi, gaming, and payments within the Sui ecosystem. The stablecoin leverages Bridge’s infrastructure for liquidity and sustainability, providing developers and users with a trusted digital dollar.