Category: crypto

The UK’s minority party Reform has rejected the Bank of England’s proposal to cap stablecoin holdings and introduce a central bank digital currency. They argue that these measures would harm Britain’s competitiveness in the global digital economy and advocate for privately issued stablecoins instead. They also oppose the creation of a digital pound, warning of…

Ethereum co-founder Vitalik Buterin and Sreeram Kannan both defend the network’s staking exit queue, emphasizing that it is a deliberate design choice to ensure security. They argue that the long waiting period is necessary to prevent potential attacks and maintain the network’s reliability. However, they acknowledge that improvements can be made.

TRON DAO announced the availability of PayPal USD on the TRON network through Stargate Hydra. This initiative aims to increase accessibility and flexibility for users and institutions, supporting the global financial market’s expansion. TRON’s integration with LayerZero’s technology reflects a future of secure and inclusive financial systems.

: Sora Ventures has joined the advisory board of CDGA at Teachers College, Columbia University, supporting efforts to integrate web3 and emerging technologies into global education and policy. The firm made a donation to fund research and educational programs, with a focus on interdisciplinary collaboration and responsible innovation in line with UN priorities.

A crypto whale lost over $6 million in staked Ethereum and Aave-wrapped Bitcoin due to a phishing scheme involving malicious signatures. Attackers exploited the Permit function, draining assets without triggering red flags. This incident highlights the increasing trend of phishing campaigns in the crypto space, urging users to be cautious.

Senator Elizabeth Warren, along with Senators Mazie Hirono and Richard Blumenthal, demanded details from Attorney General Pam Bondi about whether Binance is complying with its 2023 settlement agreement. The senators criticized federal prosecutors for inadequate responses and lack of confirmation on Binance’s adherence to ongoing requirements. Prosecutors are considering removing Binance’s compliance monitor, and there…

REX-Osprey will launch the first US spot exchange-traded fund tied to XRP today, with the potential to attract billions in institutional inflows. Analysts predict the XRP ETF could bring in $4-8 billion within its first year, potentially pushing XRP’s price to $4-$8. Regulatory delays and market volatility could impact these projections.

BNB reached a record high of over $1,000 on Sept. 18, with a 12% weekly gain and a 42% year-to-date increase. BNB is a token from Binance, used for transaction fees and governance. Binance co-founder Changpeng Zhao reflected on the milestone, thanking the community. Regulatory developments and institutional interest are driving BNB’s price.

Bitcoin price is near $117,000 after the Federal Reserve cut interest rates by 25bps. The 1,065-day post-halving window is approaching, with Axios suggesting a “final high” may occur. ETF demand, policy tone, and miner economics will impact Bitcoin’s path into late November. The market is watching for signals of a potential cycle peak.

Ripple has partnered with DBS Bank and Franklin Templeton to introduce trading and lending tools built around tokenized collateral and stablecoins. The collaboration aims to bridge traditional markets with blockchain-based liquidity. Franklin Templeton plans to expand its token interoperability by launching sgBENJI on the XRP Ledger.