Category: crypto

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.

Solana Company (HSDT) partners with Helius and Twinstake for SOL staking services. The company will stake its SOL directly from custody at Anchorage Digital Bank. This strategic move aims to strengthen the operational backbone of its holdings and contribute to the decentralization of the Solana ecosystem. The stock price rose by 9.76% after the announcement.

ETHZilla is acquiring a 15% stake in Satschel, a regulated platform, for $15 million to advance tokenization of real-world assets. The move follows their shift to becoming an on-chain alternative asset manager, offering exposure to Ethereum, DeFi yields, and tokenized assets. They aim to revolutionize finance through tokenization.

Aave Labs has acquired Stable Finance, known for simplifying stablecoin savings, to expand into consumer-focused DeFi products. The deal brings Stable’s founder and engineering team to Aave. This move follows the success of Aave’s institutional platform, Horizon, and aims to make earning, borrowing, and saving in stablecoins more accessible to everyday users.

Arkham Intelligence reported that three wallets related to the TRUMP meme coin team received $4.2 million worth of Meteora tokens. The wallets were among the top recipients in the airdrop, and immediately deposited the tokens into the OKX exchange. This move led to a 40% crash in the token’s value.

Market attention is on the upcoming release of the US Consumer Price Index report for September amid a government shutdown. Economists predict a 0.4% increase in consumer prices, leading to expectations of a Federal Reserve interest rate cut. Investors are monitoring stocks and cryptocurrencies, with minimal macro-driven activity observed in the crypto market.

The price of the HYPE token rose 10% after being listed on Robinhood and Hyperliquid Strategies announced a $1 billion treasury raise. The listing on Robinhood and the treasury raise announcement caused the token price to surge, potentially impacting demand and increasing the token’s value.

ENDRA Life Sciences raised $4.9 million in a private placement led by institutional and crypto investors. They used $3 million of that capital to acquire HYPE tokens for their digital asset treasury. The move aligns with Arca Investment Management’s DeFi holdings and aims to generate income through yield-enhancement techniques.

Zepz, the company behind WorldRemit and Sendwave, has launched a new crypto wallet on Solana called Sendwave Wallet. This wallet allows users to access peer-to-peer money solutions with USDC. Zepz plans to expand the wallet to include payment cards and QR codes. The company aims to provide global users with access to cross-border payments using…