Category: crypto

BNB is currently trading at a level that previously marked a breakout in 2024, with the cryptocurrency now testing a former resistance level that is functioning as support. Despite a recent peak, BNB has retraced to the upper boundary of an ascending channel, with futures open interest declining, indicating a wait for clearer directional cues.

Despite falling stock prices in the cryptocurrency sector, executives managed to secure generous compensation packages. Some packages included protections against market declines, while others saw pay bumps. Activist shareholder Paul Glazer opposed Anthony Pompliano’s compensation package. Overall, crypto executives’ wallets grew fat even as the markets tumbled.

Swedish fintech company Klarna is launching a USD-pegged stablecoin called KlarnaUSD, with a mainnet rollout planned for 2026. The stablecoin aims to reduce costs and improve efficiency in cross-border payments. Klarna joins other major firms in the $304 billion stablecoin market, with plans to expand to merchants and consumers.

MegaETH faced technical problems during its token sale expansion, prompting the team to halt the planned increase of the pre-deposit cap from $250 million to $1 billion. Issues with multisig configuration and Sonar’s infrastructure led to a chaotic launch, with users experiencing problems and refund requests following the event.

Franklin Templeton’s filing for the Solana ETF on NYSE Arca is expected to boost SOL’s value and drive interest in altcoin ETFs. The ETF will track the CF Benchmarks Solana Index and hold physical SOL. Demand for altcoin ETFs is growing, with new entrants like Canary Capital and Fidelity contributing to strong inflows.

Kevin Hassett is the leading candidate for Federal Reserve chair under Trump, known for favoring rate cuts. He owns over $1 million in Coinbase stock, sparking debates about conflicts of interest. Treasury Secretary Scott Bessent is conducting a review of other candidates, with Trump likely to announce his decision before Christmas.

The South African Reserve Bank warns that the increasing use of crypto and stablecoins in the country, along with regulatory gaps, could pose a threat to financial stability. With nearly eight million users and $1.5 billion in assets on exchanges, the central bank calls for a comprehensive regulatory regime to address the risks.

Texas has acquired $5 million of BlackRock’s iShares Bitcoin Trust as part of a $10 million initiative to create a state-level bitcoin reserve, potentially making it the first U.S. state to do so. Guidelines and custodian selection are being finalized for direct bitcoin holdings, with other states like Michigan, Wisconsin, New Hampshire, and Arizona also…

Users reported fake ERC-20 token transfers on Monad’s mainnet shortly after its launch. The spoofed transfers are not moving funds but are designed to look legitimate. Despite the scam tactics, no assets have been lost, and the network continues to see strong demand following the MON token airdrop.

U.S. Bancorp is testing stablecoin payments and custody services on the Stellar blockchain. The bank views stablecoins as a way to move money on a blockchain and is exploring use cases and customer interest. Other major U.S. banks like Citi, Goldman Sachs, and Bank of America are also exploring stablecoin initiatives.