Category: crypto

SpaceX, owned by Elon Musk, transferred $134 million worth of Bitcoin to new wallets on October 24. This follows a previous transfer of $268 million earlier in the week after three months of inactivity. Analysts speculate on potential wallet reorganization, with SpaceX currently holding about 6,970 Bitcoin worth $770 million.

Zelle is using stablecoin technology to expand internationally, aiming to offer faster and cheaper cross-border transactions. Backed by owner banks, the move leverages regulatory clarity and a $1 trillion transaction base. Competitors like PayPal and Wise are also adopting stablecoin strategies amid global adoption.

The EU has imposed sanctions on the Russia-linked A7A5 stablecoin and its developers, banning transactions involving the stablecoin across the EU. The move is part of broader sanctions targeting Russia’s use of digital assets to evade financial restrictions. This could impact Russia’s crypto ambitions, including plans to legalize cryptocurrency in foreign trade.

The article discusses the October 20, 2025 AWS outage, highlighting the need for truly distributed infrastructure in web3. It emphasizes the risks of centralized systems, the benefits of owning hardware, and the importance of designing for failure in maintaining service continuity. NOWNodes is presented as an example of resilient infrastructure.

David Malpass, former World Bank president, believes stablecoins could transform global trade and urges the U.S. to lead in innovation. He warns that Europe and China are advancing in the stablecoin race and supports Fed Governor Chris Waller’s proposal for limited master accounts. Clear regulations are crucial for trust and growth.

Revolut has secured a critical MiCA license from Cypriot regulators, allowing it to expand its crypto services across all EU member states. With 14 million active crypto users, this move highlights the company’s deepening focus on digital assets. The license ensures uninterrupted access to one of its most active markets.

Ethereum’s price is up nearly 2% to $3,870 as traders anticipate the U.S. inflation report. Optimism is driven by macroeconomic factors and on-chain activity. A broader market uptick is also boosting Ethereum, with a potential breakout towards $4,090. The market is reacting to a softer inflation outlook and improving risk appetite.

Quantum stocks are rising as reports suggest the Trump administration may invest in major companies involved in quantum computing. This news follows Google’s recent quantum computing breakthrough. However, this narrative poses a significant risk to Bitcoin and other cryptocurrencies, as quantum computing advancements could threaten blockchain security in the future.

President Trump has pardoned Binance founder Changpeng Zhao, who was convicted of money laundering charges and served four months in prison in the United States. Zhao stepped down as CEO of Binance and remains connected to the company as its largest stakeholder. Trump’s move follows pardons for other industry figures.

Fidelity Investments, a $5.8 trillion asset manager, has expanded its support for Solana by offering custody and trading services for the cryptocurrency alongside Bitcoin, Ethereum, and Litecoin. This move allows customers to hold Solana tokens in their brokerage accounts and marks Fidelity’s continued growth in the digital asset space.