Category: crypto

Former Australian rugby star Trent Merrin has been arrested for allegedly stealing AUD $140,000 worth of cryptocurrency using deceptive means. Police seized electronic devices during a raid. Australia has intensified its crackdown on crypto-related crime and tightened regulations. Merrin, a retired forward, faces charges and will appear in court in December.

Senator Cynthia Lummis advocates for a Strategic Bitcoin Reserve as a solution to America’s $37 trillion debt. She believes that Bitcoin can help offset the national debt and act as a hedge against inflation. Lummis recently introduced the BITCOIN Act of 2025, proposing a government-controlled Bitcoin reserve. The U.S. is rumored to already hold $14…

Liquid Capital founder Jack Yi highlights three key areas in the crypto market that he believes will transcend cycles: public chains, exchanges, and stablecoins. He recommends focusing on Ethereum, BNB, and Aster within each category. Liquid Capital, established in 2016, has invested in over 300 blockchain projects, primarily in DeFi, GameFi, and infrastructure.

Ripple’s stablecoin RLUSD has surpassed $1 billion market cap, ranking as the 11th largest stablecoin globally. The growth is attributed to retail adoption, Ethereum network usage, and institutional partnerships. Despite recent market cap losses in the stablecoin industry, RLUSD’s trading volume and integration with platforms continue to fuel its growth.

Investors are withdrawing funds from Ethereum ETFs, with outflows totaling $219.37 million over five consecutive days. BlackRock’s ETHA and Grayscale’s ETH saw the largest redemptions. Ethereum’s price is at $3,300, showing a 33.8% increase in trading volume. Market sentiment remains bearish amid uncertainty and capital flight.

Virtune, a Swedish crypto asset management company, has launched the Virtune Stablecoin Index ETP on Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra. This is the first stablecoin-focused exchange-traded product in Europe, backed by crypto assets held with Coinbase and reflecting growing institutional and retail interest in stablecoins.

Pi Network has exceeded 100 million downloads on Google Play, surpassing major crypto exchanges like Coinbase. The app allows users to mine Pi coins on their smartphones with low energy usage. Pi Network is expanding into decentralized computing and AI, partnering with OpenMind for distributed computing using its 350,000+ nodes.

Wintermute reports that despite global liquidity expansion and falling interest rates, the cryptocurrency market is underperforming. Liquidity is flowing into equities, AI, and prediction markets instead of crypto. The traditional four-year Bitcoin halving cycle no longer explains price movements. Recovery depends on renewed ETF inflows and institutional activity in DAT markets.

Hinkal has introduced the Invisible Wallet for private transactions on decentralized apps and DeFi compatibility. The wallet conceals transaction histories using advanced privacy technologies, such as zero-knowledge proofs and stealth addresses. It supports Ethereum, Arbitrum, Polygon, and more networks, accessible through a secure browser extension, addressing concerns over privacy in the crypto space.

Several major investment firms, including Franklin Templeton, Bitwise, and Canary Capital, are preparing to launch XRP exchange-traded funds in November. By amending SEC filings, they aim to bypass regulatory delays. Analysts anticipate renewed investor optimism and short-term price gains. However, caution remains due to bearish technical signals.