Category: crypto

The SEC has allowed Ripple, Coinbase, and BitGo to act as qualified custodians for crypto assets through state-chartered trusts. This move expands institutional access to regulated crypto custody, providing clarity and potential growth in the industry. The decision may lead to more money flowing into regulated products and ETFs.

MEXC Ventures has increased its investment in Ethena by $30 million, bringing its total exposure to the ecosystem to $66 million. This move highlights confidence in Ethena’s stablecoin role and aligns the project with one of Asia’s largest exchanges. The investment aims to support Ethena’s growth and adoption in the decentralized finance industry.

Bloomberg ETF analyst Eric Balchunas predicts a 100% chance of a Solana ETF approval. Recent regulatory developments have sped up the approval process, with issuers submitting amended filings. The SEC withdrew delay notices for multiple crypto ETFs, indicating imminent approvals. Market watchers anticipate a wave of altcoin ETF approvals in October.

A new stablecoin project by Tether co-founder Reeve Collins listed on major exchanges aims to revolutionize onchain finance using blockchain technology. STBL differentiates itself with transparency, privacy, compliance, and yield-splitting features. It manages liquidity through tokenization of assets and ensures robust pegs and liquidity across chains. Geopolitical risks are addressed by holding reserves in U.S.…

Chinese national Zhimin Qian, also known as Yadi Zhang, has been convicted of illegally acquiring and possessing 61,000 BTC after running a massive fraud in China. The woman, known as the goddess of wealth, fled to the UK but was caught, with UK authorities seizing the Bitcoins worth $6.9 billion.

The crypto market is showing signs of recovery, with XRP, SOL, and LINK rebounding from key levels. XRP is consolidating in a descending triangle, SOL is supported at $193, and LINK is bouncing from $19.80. Breakouts above certain levels could shift momentum bullish, while breakdowns could lead to further declines.

Starknet has launched Bitcoin staking on its mainnet, allowing BTC holders to earn rewards without giving up custody. They have also introduced a 100 million STRK incentive program and partnered with Re7 Labs to launch a Bitcoin Institutional Yield Fund for institutional and retail users. Additional upgrades and integrations aim to boost capital efficiency and…

Republic will tokenize Animoca Brands’ equity on Solana, allowing global access to the Web3 giant’s private shares. The choice of Solana as the tokenization platform is due to its speed, scalability, and growing institutional adoption. This move reinforces Solana’s role as a hub for Real World Asset (RWA) tokenization.

Flock.io participated in a UNDP-hosted High-Level Strategic Dialogue on Blockchain for Sustainable Development at the United Nations Headquarters in New York City. The event explored blockchain’s potential to advance the UN Sustainable Development Goals and discussed collaborations, including a possible Blockchain Advisory Group. Flock.io is the only decentralized AI infrastructure project represented at the dialogue.

OKX will support DEX trading and has launched a limited public beta test, blurring the lines between centralized and decentralized exchanges. Users can trade on-chain tokens using their OKX balances with zero trading fees. This move aims to make on-chain trading safer and more accessible, potentially lowering barriers to DeFi adoption.