Category: crypto

Indian crypto exchange WazirX is set to resume operations on Oct 24 after a 15-month hiatus due to a cyberattack. The relaunch follows a restructuring plan approved by the Singapore High Court and aims to attract users with zero fee trading. BitGo will provide insured custody of assets to restore user confidence.

Tokyo-listed Quantum Solutions is now the largest Ethereum treasury company outside the US, acquiring over 2,300 ETH in a week. They raised $180 million in September, led by ARK Invest. Quantum’s shares fell by over 28% in five days. They plan to acquire more ETH and hold 3,865.84 ETH in total.

Changpeng Zhao criticizes Peter Schiff’s plan to release a tokenized gold product, stating that tokenized gold is not the same as on-chain gold. He emphasized that tokenized gold is a digital IOU dependent on third-party custodians, not fully on-chain. Zhao predicts that Bitcoin will eventually surpass gold’s market dominance.

Kalshi prediction market platform is seeing increased investor interest at valuations between $10 billion and $12 billion, following a recent funding round at $5 billion. Venture capitalists are discussing investments that could double Kalshi’s value, driven by a court victory enabling trading on presidential election contracts. Regulatory scrutiny remains a challenge.

A dispute arose between U.S. banks and crypto firms when Kraken’s CEO criticized the American Bankers Association for opposing stablecoin interest payments. The debate revolves around competition, with the GENIUS Act providing a framework for stablecoin issuers. Banks fear deposit flight, while crypto platforms advocate for consumer choice and market competition.

Bealls, a U.S.-based retail chain, will accept cryptocurrencies like Bitcoin and USDC as payment through a partnership with Flexa. This move makes Bealls the first national retailer to accept cryptocurrencies, with over 660 stores across 22 U.S. states participating in the integration. The partnership aims to prepare for the future of commerce and cater to…

Solana DEX aggregator Jupiter has launched a beta version of its new prediction market, starting with bets on the Mexico Grand Prix. Users can bet on F1 racers like Max Verstappen and Lando Norris. The platform is powered by Kalshi and has already seen significant trading volume. Prediction markets have a total value locked of…

Meteora’s MET token launches on October 23 with 480 million tokens (48% of supply) entering circulation. The Solana-based DEX generates $3.9 million in daily fees, leading to speculation on its future FDV. Traders predict a value between $750 million and $1 billion, but concerns arise about early selling pressure due to the large token float.

Asian stock exchanges are cracking down on crypto treasury firms, making it challenging for listed companies to hold reserves on their balance sheets. Despite this, over 130 companies in Asia now hold Bitcoin as part of their reserves. Tighter rules aim to prevent speculation and protect investors, but corporate interest in crypto reserves is still…

OpenAI has launched ChatGPT Atlas, an AI-powered web browser that integrates ChatGPT into the browsing experience. It offers features such as summarizing web pages, comparing products, and analyzing data in real-time. The premium agent mode allows ChatGPT to autonomously perform tasks like shopping. It positions OpenAI as a potential competitor to Google Chrome and reflects…