Category: crypto

Tether invests in Kenya-based Kotani Pay to expand digital payments in Africa, reducing cross-border transaction costs. With over 500 million users globally, Tether aims to empower SMEs and individuals in Africa through its USDT stablecoin. The investment aligns with Tether’s goal to reduce friction in cross-border transactions and promote financial inclusion.

Solana Mobile has ended software and customer support for the Saga smartphone, which gained popularity for its memecoin airdrops. The decision affects around 20,000 users, falling short of the company’s goal. This move highlights the challenges of crypto-native hardware, with the company pivoting to its next device, the Seeker, with high pre-orders.

Ethereum’s upcoming hard fork Fusaka will activate with a major change to transaction gas limit cap. The gas fee cap will be set at 16.78 million gas per transaction with the activation of EIP-7825. The upgrade is expected to launch on the mainnet on December 3, 2025, aiming to improve network scalability and performance.

Co-CEO of Solflare, Filip Dragoslavic, explains the growth of DeFi, increased institutional involvement, and regulatory support. The rise of stablecoins and technical resilience contribute to DeFi’s success. The industry is approaching all-time highs, with Solana doubling its DeFi TVL. Privacy-focused payments are seen as the next big trend in DeFi.

MANTRA and Inveniam Capital Partners have launched a new layer-2 blockchain to advance the management and utilization of private real estate assets. The L2 will support AI and DeFi ecosystems and connect to assets on various blockchain networks. MANTRA recently activated key upgrades and obtained a VASP license in the UAE.

Gold experienced a significant decline of over 5%, leading to Bitcoin’s rally and a higher crypto market. Bitcoin nearly reached $114,000 as gold saw its sharpest daily drop in five years. This shift in market behavior is attributed to gold’s overextended long positions and extreme macroeconomic conditions, making Bitcoin more appealing as a safe-haven asset.

Circle has released Bridge Kit, a developer toolkit aimed at simplifying cross-chain USDC transfers. The kit condenses complex bridging steps into a single method call, allowing for transfers between different blockchains with reduced coding. It includes pre-built software methods, comprehensive documentation, and sample code, and marks a strategic shift for Circle towards encouraging cross-chain movement.

Tokenized gold tokens XAUt and PAXG prices fell more than 6% in the past 24 hours as the price of gold experienced a significant drop. Despite this, Bitcoin saw slight gains, rising above $112,000. The decline in gold prices was attributed to an uptick in the crypto market and positive earnings reports in stocks.

Flare Network has emerged as the top EVM DeFi ecosystem for wrapped XRP tokens, with the total value locked reaching $86.2 million. This growth, driven by the launch of the FXRP token on September 24, allows XRP holders to participate in non-custodial DeFi activities like yield farming and lending.

Crypto.com has partnered with South Korean fintech firm Travel Wallet to introduce a won-based stablecoin and expand crypto payment options for global travelers. The partnership includes a co-branded card, stablecoin, and joint marketing efforts to attract new users. This move aims to simplify and reward crypto payments for everyday use.