Category: crypto

Michael Saylor from Strategy hinted at the next Bitcoin purchase despite a drop in net asset values. The firm holds 640,250 BTC worth over $71 billion. The mNAV has dropped to 1.3x, limiting their ability to raise capital. Strategy’s stock has been in a bearish trend but may see gains after the purchase.

Canary Funds is making progress towards launching a Spot SUI ETF, with an updated filing to the SEC. SUI price has recovered from a crash to $0.55, now trading around $2.65. SUIG plans to launch the “SUI Bank” and reinvest 90% of revenue into the Sui ecosystem. The SUI token is poised for price appreciation.

A technical disruption on Monday caused a service outage for crypto exchange Coinbase, linked to an AWS outage that also affected other platforms like Robinhood, Snapchat, Reddit, and Xbox Network. Users were unable to access their accounts or complete trades, prompting concerns about lost trades and account access. Coinbase assured users that funds were safe…

HumidiFi has become the largest DEX protocol on the Solana blockchain, surpassing competitors like Meteora, Raydium, and Pump.fun with over $1.1 billion in 24-hour trading volume. Its growth reflects a shift in DeFi towards dark pool models prioritizing execution efficiency and privacy over transparency and open liquidity.

South Korea’s Financial Services Commission plans to ban interest payments on stablecoins to protect financial stability and promote digital asset innovation. The new crypto law, expected by the end of 2025, will follow global trends like the U.S. GENIUS Act. Banks will lead stablecoin issuance, with fintech firms as technical partners.

Despite significant outflows from exchange-traded funds last week, Ethereum’s price has rebounded above $4,000. The token is showing signs of a potential trend reversal, with key technical levels being tested. Market sentiment is improving, which could attract institutional inflows and support further price gains in the short term.

The Federal Reserve will host a conference on Oct. 21 focusing on topics like stablecoins, AI, and crypto payments. Industry leaders from firms like Chainlink, Circle, and BlackRock will be in attendance. The event aims to bridge traditional finance with the digital asset ecosystem and encourage dialogue between the Fed and crypto industry.

BlackRock has launched its iShares Bitcoin ETP on the London Stock Exchange, allowing UK investors access to regulated Bitcoin investment. The UK’s FCA has lifted bans on crypto ETNs and accelerated licensing for digital asset firms, signaling a shift towards regulated crypto offerings in the country. Regulatory advancements have made the UK a more crypto-friendly…

Crypto investigator ZachXBT traced $3.05 million in XRP lost by a victim to a Southeast Asian laundering ring. The victim’s Ellipal cold wallet was hacked after importing their seed phrase into the mobile app, turning it into a hot wallet. The funds were laundered through Tron and eventually moved off-chain.

Andrew Cuomo, a mayoral candidate in New York City, plans to promote emerging technologies like cryptocurrencies, Artificial Intelligence, and Biotech if elected. He aims to appoint a Chief Innovation Officer and form an Innovation Council to lead efforts in making the city a global hub for innovation. He faces competition from frontrunner Zohran Mamdani, who…