Category: crypto

Virtune, a Swedish crypto asset management company, has launched the Virtune Stablecoin Index ETP on Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra. This is the first stablecoin-focused exchange-traded product in Europe, backed by crypto assets held with Coinbase and reflecting growing institutional and retail interest in stablecoins.

Pi Network has exceeded 100 million downloads on Google Play, surpassing major crypto exchanges like Coinbase. The app allows users to mine Pi coins on their smartphones with low energy usage. Pi Network is expanding into decentralized computing and AI, partnering with OpenMind for distributed computing using its 350,000+ nodes.

Wintermute reports that despite global liquidity expansion and falling interest rates, the cryptocurrency market is underperforming. Liquidity is flowing into equities, AI, and prediction markets instead of crypto. The traditional four-year Bitcoin halving cycle no longer explains price movements. Recovery depends on renewed ETF inflows and institutional activity in DAT markets.

Hinkal has introduced the Invisible Wallet for private transactions on decentralized apps and DeFi compatibility. The wallet conceals transaction histories using advanced privacy technologies, such as zero-knowledge proofs and stealth addresses. It supports Ethereum, Arbitrum, Polygon, and more networks, accessible through a secure browser extension, addressing concerns over privacy in the crypto space.

Several major investment firms, including Franklin Templeton, Bitwise, and Canary Capital, are preparing to launch XRP exchange-traded funds in November. By amending SEC filings, they aim to bypass regulatory delays. Analysts anticipate renewed investor optimism and short-term price gains. However, caution remains due to bearish technical signals.

Bitcoin’s price has dropped nearly 20% from its peak last month, currently trading around $102,000. Long-term holders have sold 400,000 BTC worth $45 billion, indicating weakening conviction. Analysts suggest Bitcoin could continue to decline or consolidate, with $85,000 as a possible downside target if selling pressure persists.

Arkiv, a decentralized data layer, offers developers a blockchain-backed database for transparent and queryable data. It aims to address the risks of centralized data control highlighted by the recent AWS outage. Built on Ethereum and powered by the GLM token, Arkiv provides affordable, scalable, and trustless access to data.

Swiss Bitcoin company FUTURE raised $35 million from crypto industry pioneers to establish a new institutional standard for Bitcoin custody and treasury management in Switzerland. The company plans to expand its BTC treasury, custody infrastructure, and advisory services under Swiss financial governance, positioning Bitcoin as an alternative for corporate treasury management.

Crypto investigator ZachXBT will support BNB Chain in addressing hacks and scams. BNB Chain has suffered from multiple exploits recently, including a $2 million hack and a $570 million theft. ZachXBT’s expertise will help improve security and transparency within the BNB ecosystem.

Solana Foundation President Lily Liu announced plans to create an “internet capital market” enabling on-chain IPOs. Solana aims to bridge traditional finance with blockchain technology. Liu highlighted Solana’s role in the stablecoin market and partnerships with Franklin Templeton and Western Union to expand blockchain applications in payments and financial infrastructure.