Category: crypto

XRP attracted inflows of $93 million in digital asset investment products, standing out amid a trend of outflows in the crypto market last week. The anticipation around upcoming ETF approvals, particularly for XRP, has led to increased investor interest. The SEC’s approval of generic listing rules for ETPs offering spot exposure to commodities and digital…

FalconX has introduced a new over-the-counter options trading platform for institutional investors, offering 24/7 availability for Bitcoin, Ethereum, Solana, and Hyperliquid. This move comes in response to the increasing demand for crypto investment opportunities, with the platform aiming to provide better liquidity and access to options for various cryptocurrencies.

The IPO wave in crypto is bringing opportunities and risks as Wall Street exposure increases. Firms like Circle, Tether, and Kraken are seeing investor interest, but experts warn about potential centralization risks. Stablecoins are becoming a core part of financial infrastructure, with the industry facing increased regulatory scrutiny.

Coinbase CEO Brian Armstrong accuses banks of trying to block stablecoin rewards to protect their monopoly. He is lobbying for the Market Structure Act in the U.S. Senate to clarify crypto rules and extend investor protections. Banks fear that stablecoin rewards could lead to a capital flight and threaten their ability to lend.

The price of ZIGChain’s native token surged by more than 22% to reach highs of $0.11 following an announcement by BTCS, a Europe-based firm, of a $100 million raise and a $30 million allocation to its ZIG digital asset treasury strategy. This move reflects a broader trend towards productive digital asset treasuries.

Hyperdrive on the Hyperliquid blockchain faced a $700K exploit on Sept. 27, traced to router contract permissions. Affected users were reimbursed, markets restored. Money laundered through ETH and BNB Chain, fixed within hours. Ongoing investigation into a known threat actor. Hyperdrive remains focused on long-term strategies despite security risks in the ecosystem.

The US SEC has updated its generic listing standards for spot crypto ETFs, dropping delay notices for anticipated ETFs backed by tokens like Solana and XRP. Final decisions on 16 crypto ETFs are expected in October, including altcoins like Litecoin and Dogecoin. The SEC’s fast-track approval process aims to boost liquidity and prices for altcoins.

Ethereum price remains above $4,100 despite a record $796 million in ETF withdrawals last week. Major issuers like Fidelity and BlackRock led the withdrawals. The technical setup shows consolidation, with resistance around $4,300. Despite underperformance, Ethereum price rebounded due to retail buying and broader market recovery, holding steady at $4,100.

Aster CEO Leonard discussed plans for the project’s growing community, including a focus on spot trading, liquidity, and launching Aster Chain. The project aims to provide a transparent on-chain trading experience and flexible token buyback plan. The team will prioritize liquidity, UI-UX improvements, and expanding spot trading in Season 3.

SWIFT plans to create its own blockchain ledger with major U.S. banks to speed up cross-border payments. This move is seen as a response to the rapid growth of stablecoins, which are pressuring banks to adopt blockchain technology for faster and more efficient transactions. Other banks are also exploring blockchain solutions.