Category: crypto

Brazil’s central bank is considering adding Bitcoin to its official reserves, following a legislative proposal for a $19 billion Bitcoin reserve. This initiative will be discussed at the Central Banking Autumn Meetings in Rio de Janeiro, where other countries like Germany, the Philippines, and Pakistan are also considering Bitcoin as a national reserve asset.

Bank Indonesia plans to issue digital securities backed by government bonds and the digital rupiah, creating a national stablecoin. The move aims to strengthen the rupiah, aligning with the central bank’s pillars. The initiative comes as Indonesia faces record currency lows and follows global trends in stablecoin development.

Avalon Labs has chosen the BNB Chain for the initial launch of its AI-model marketplace and Commercial Rights Tokenization standard. The platform connects GPU owners with developers through a dual-token system. The Commercial Rights Tokenization framework enables enforceable on-chain rights to access and use AI services. Avalon also offers BTCFi products like USDa stablecoin.

Webull has launched crypto futures for altcoins like Solana, XRP, and Dogecoin through a partnership with Coinbase Derivatives. Group President Anthony Denier discusses how institutional and retail demand is driving the surge in crypto futures trading. The platform aims to democratize access to crypto derivatives for investors globally.

Bybit has stopped new user registrations in Japan to comply with the stricter Financial Instruments and Exchange Act regulations. Existing Japanese users are unaffected as the company conducts an internal compliance review. Bybit aims to meet the FSA’s evolving standards, despite sacrificing short-term growth in Japan.

Ondo Finance and Chainlink have partnered to accelerate the adoption of tokenized stocks and ETFs onchain. Chainlink is now the official oracle provider for Ondo’s tokenized assets. This collaboration aims to bring global financial institutions to the blockchain and redefine access to traditional financial instruments onchain.

Uphold relaunched its U.S. debit card with XRP rewards up to 6% on purchases, supported by over 300 cryptos and fiat currencies. The card integrates with Uphold wallets, offering an Essential Card with no fees and an Elite Card with higher rewards. Spending crypto can have tax implications, but using dollars or stablecoins can simplify…

Bitwise Solana ETF saw $69.45 million in first-day inflows, boosting total assets to $288.92 million. Grayscale and Canary are set to launch their own Solana ETFs. The fund tracks SOL price and staking rewards, with a 0.20% management fee. Analysts predict $3-6 billion in inflows for Solana staking ETFs in the first year.

Seven Senate Democrats, led by Elizabeth Warren, demand a probe into President Trump’s pardon of Binance founder CZ, citing concerns of political favoritism and potential conflicts of interest. The pardon, despite CZ’s guilty plea in a money laundering case, could set a dangerous precedent for white-collar crime and weaken law enforcement integrity.

Germany’s Alternative for Germany (AfD) party has proposed creating a national Bitcoin reserve to protect against inflation and currency volatility, positioning itself as a pro-crypto political party. The motion has reignited debate over Germany’s past sale of seized BTC. This move follows a similar motion by France to establish a strategic BTC reserve.