Category: crypto

CEX.IO exchange’s report shows increasing adoption of stablecoins, with bots dominating transaction volumes. Retail stablecoin use has hit a record high and is expected to surpass $60 billion by the end of 2025. USDC leads in volume, followed by Tether. Bot activity has increased significantly, raising concerns about trading practices.

SBI Crypto lost $21 million in a hack traced by ZachXBT and Cyvers, with suspicions of North Korean involvement. The stolen funds were quickly moved through exchanges and a crypto mixer. The breach raises concerns about security in the crypto industry and the potential funding of North Korea’s illicit activities.

Wallet in Telegram is partnering with Kraken and Backed to introduce tokenized U.S. stocks to users in October. This move will expand to TON Wallet, offering investment opportunities to over 100 million users. Tokenized equities will be accessible directly from Telegram, aiming to bridge the gap between traditional finance and cryptocurrency.

Strategy’s Executive Chairman Michael Saylor confirms that new IRS guidelines mean the firm won’t have to pay taxes on unrealized Bitcoin gains. The Treasury overturned a Biden-era law targeting major corporations that paid no taxes, which also applied to crypto treasury firms. This rule is a significant benefit for Bitcoin treasury firms like Strategy.

Bullish has launched spot trading in the U.S., initially available in 20 states after securing licenses from the New York Department of Financial Services. The platform aims to provide better execution and liquidity for institutional clients, with plans for further expansion across more states in the future.

Bitcoin has surpassed $117,000 as altcoins like Solana, XRP, and Dogecoin rally amid a U.S. government shutdown. Traders are cautious due to the political chaos in Capitol Hill potentially affecting market momentum. Analysts warn of volatility due to the shutdown and Federal Reserve Chair Powell’s dovish shift, urging investors to stay calm.

Deutsche Börse has partnered with Circle to list EURC and USDC stablecoins under the EU’s MiCA regulatory framework. The stablecoins will be traded on 3DX and custodied through Clearstream. This partnership aims to provide a regulated and liquid environment for financial institutions and new market participants in Europe.

Bitwise CIO Matt Hougan predicts that Tether could become more profitable than Saudi Aramco, targeting a $500 billion valuation. Crypto is disrupting massive markets like gold and global payments, with Tether aiming for trillions in assets. Competition from non-fiat-pegged assets like real estate and gold may challenge stablecoin dominance.

IG Group, a London-listed trading platform, has become the first U.K.-listed business to receive a crypto license from the Financial Conduct Authority. This milestone allows IG to offer digital-asset trading on its platform, expanding its cryptocurrency services for customers. The approval follows IG’s partnership with Uphold Europe to offer crypto trading in June.

Amberdata has launched an AI-powered crypto intelligence platform called Amberdata Intelligence for institutional investors. The platform provides blockchain and market data in one interface, allowing users to gain insights through natural language prompts. This move reflects the increasing trend of financial institutions leveraging AI tools for market research and analytics.