Category: crypto
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Remittances firm Zepz launches new digital wallet on Solana
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…
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Spark moves $100m to Superstate fund amid low T-Bill yields
Spark has invested $100 million in Superstate’s Crypto Carry Fund to capitalize on basis trade yields as traditional Treasury returns decline. U.S. Treasury yields have hit six-month lows, prompting Spark to allocate funds to USCC, which offers a 9.26% 30-day yield through crypto basis trading. This move diversifies Spark’s reserve management strategy and provides a…
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Nevada orders Fortress Trust to halt operations
U.S. regulators are increasing oversight on digital asset custodians to prevent systemic risks, with Fortress Trust being ordered to cease operations in Nevada due to solvency concerns. The case is reminiscent of the 2023 Prime Trust collapse involving the same founder, highlighting the increasing pressure on small crypto custody firms to adhere to stricter rules.
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Senate Democrats probe Trump advisor Steve Witkoff over WLFI ties
Eight Senate Democrats are pressuring Trump’s Middle East envoy, Steve Witkoff, over his involvement in cryptocurrency ventures and his links to World Liberty Financial (WLFI). Senators are concerned about conflict of interest, as Witkoff’s latest disclosure shows ownership in four crypto-related entities. Witkoff has until Oct 31 to respond to the Senate’s request for clarification.
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Canada’s FINTRAC slaps Cryptomus with landmark $126m fine
Cryptomus, a Vancouver-based crypto firm, has been fined $126 million by Canada’s financial watchdog for failing to report over 1,000 suspicious transactions linked to darknet markets and terrorist financing in a single month. This marks the largest crypto penalty in Canada to date, emphasizing the importance of compliance in the evolving crypto landscape.
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Binance coin (BNB) price reacts higher on Robinhood listing
Binance Coin (BNB) price rebounds from intraday lows following news of listing on Robinhood. Coinbase also announces support for BNB with BNB/USD trading pair set to go live. Price of Binance Coin hovers around $1,076. Robinhood and Coinbase’s moves to list BNB contrast with previous sentiment towards rival tokens.
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LuBian wallets stir again with 15,959 Bitcoin on the move
LuBian-linked wallets moved 15,959 BTC worth $1.83 billion across four addresses in their second major transfer in weeks, reviving interest in the 2020 LuBian theft. This marks one of crypto’s longest-running mysteries. The move comes after another significant transfer from these wallets, suggesting renewed control over previously frozen funds.
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Cardano price drops 6.5% despite the Midnight mint event
Midnight airdrop on Cardano minted all 24 billion NIGHT tokens, entering the Scavenger Mine phase. Despite excitement, Cardano price fell 6.5% due to broader market conditions. Midnight promises privacy and compliance, aiming to onboard millions of users. ADA faces structural weakness, with support at $0.53 to prevent further declines.
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Web3’s next frontier is P2P transactions: Yellow
Alexis Sirkia, Captain of Yellow Network, discusses how P2P transactions can address blockchain scalability issues. The Yellow SDK enables trustless, efficient interactions in Web3, reducing the need for human oversight. Peer-to-peer communication allows for fast, secure transactions, paving the way for autonomous, decentralized applications in the future.
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Stablecoins outrun Visa as onchain volume hits $46 trillion
Stablecoins processed $46 trillion in transactions in 2025, nearly triple Visa’s volume, according to a16z’s report. Ethereum and Tron dominate settlement activity, handling 64% of stablecoin volume. The total supply of stablecoins surpassed $300 billion, with USDT and USDC leading. Stablecoins now play a significant role in global finance.