Category: crypto

Wall Street was upbeat on Tuesday, with the Dow Jones rising over 150 points and S&P 500 and Nasdaq hitting record highs due to positive news from Nvidia and a Microsoft-OpenAI deal. Investors are optimistic ahead of the Federal Reserve interest rate decision in October, with tech stocks leading the gains.

Tether Gold has surpassed $2 billion in market capitalization, backed by physical gold stored in Switzerland. This milestone comes during a surge in gold prices and institutional interest in tokenized assets. Tether Gold’s success reflects the growing trend of real-world assets thriving on the blockchain, with institutional support and a precise 1:1 peg.

World Liberty Financial has introduced a rewards program for early adopters of its USD1 stablecoin, distributing 8.4 million WLFI tokens to users on partner exchanges. The program generated $500 million in stablecoin activity in two months. WLFI plans to expand with DeFi integrations and real-world utility initiatives, like a debit card linked to USD1 and…

Maple Finance is transitioning away from SYRUP staking to a revenue-driven buyback model. The community has shown support for this change, with 91% backing the proposal. Revenue will now fund a Syrup Strategic Fund for token buybacks, aiming to align token value with the project’s revenue. Governance will also expand to include all token holders.

South Korean firm BDACS is launching its stablecoin KRW1 on Circle’s blockchain Arc, backed by the Korean won. This partnership aims to expand South Korea’s presence in the global stablecoin market. KRW1 was initially launched on Avalanche and plans to integrate with more networks in the future.

Australia is expanding its regulatory oversight of the crypto industry by applying financial laws to a wider range of digital assets, including stablecoins, staking, and tokenized products. The Australian Securities and Investments Commission (ASIC) has updated guidance to clarify that these laws also apply to offshore and decentralized platforms serving local users. ASIC is proposing…

Crypto.com has partnered with Pineapple Financial to provide custody and staking infrastructure for its INJ treasury. Pineapple Financial has acquired $8.9 million worth of INJ and plans to build a $100 million treasury. Crypto.com’s growing list of institutional custody clients includes TON Foundation and VeChain Foundation.

Altcoins HBAR and LTC are surging in price due to anticipation surrounding the launch of their ETFs on NASDAQ. Despite the U.S. government shutdown, automatic rules have allowed for the approvals to proceed. Meanwhile, other altcoin ETFs like XRP, Dogecoin, and Avalanche are still under review with no confirmed launch dates.

Trump Coin price has surged 9.1% in 24 hours and 16% on the week, now trading at $6.79. This increase follows positive developments in the US-China trade relations. Despite this, the broader crypto market is bearish. Technical indicators suggest bullish momentum, with next targets at $7.00 and $8.00, and support at $6.50.

Binance founder Changpeng Zhao confirmed that YZi Labs is a minority investor in Opinion, a decentralized prediction market platform. Opinion raised $5 million in a seed round, with support from other investors. The platform, now live on BNB Chain, has seen over 1.6 million users and $300 million in trading across various markets since its…