Category: crypto

Solana ETF issuers, including 21Shares, are updating their proposals with revised fund structures and operational details. The SEC is expected to rule on 16 crypto ETF applications in October, covering altcoins like Solana, XRP, Litecoin, Dogecoin, and Cardano. Regulatory developments are fueling approval hopes across the industry.

Solana is becoming the backbone of blockchain infrastructure for capital markets, hosting $700 million in RWAs and $13.5 billion with stablecoins. Its network performance, with the capacity to handle up to 100,000 TPS, is a key driver of its dominance. Big-name adopters like BlackRock and Apollo Global are joining the network.

Wall Street opened positively on Monday as investors focused on President Trump’s efforts to avoid a government shutdown. Stocks, including S&P 500 and Nasdaq, gained, while cryptocurrencies also saw slight increases. The market is optimistic about Trump’s meeting with Congressional leaders. The surge in stocks also affected the crypto market, with Bitcoin and Ethereum prices…

Nikolaos Bougalis, former lead developer at XRP Ledger, has been appointed as the new Chief Technology Officer at the Algorand Foundation. This move signifies Algorand’s focus on decentralization and compliance. Bougalis brings experience in blockchain and will help solidify Algorand’s position as a preferred blockchain for enterprise applications.

Qatar National Bank has adopted JPMorgan’s Kinexys blockchain technology for USD payments, offering faster transactions and 24/7 services. This move aligns with QNB’s Web3 strategy, including tokenized money market funds and piloting Ripple’s cross-border remittance network. QNB is the first bank in Qatar to use Kinexys for corporate payments.

Bitcoin exchange-traded funds in the US saw a net outflow of $902.5 million last week, breaking a four-week streak of inflows. Investor sentiment weakened due to new Trump tariffs and uncertainty over Federal Reserve rate cuts. Bitcoin confirmed a bullish reversal pattern on the hourly chart but needs to reclaim the $112k support level for…

A 71-year-old retiree in Kuala Terengganu lost RM 525,000 in a cryptocurrency scam promising high returns. Malaysian officials warned of increasing crypto fraud targeting senior citizens. Scammers used Facebook ads to lure victims, with the victim making seven transactions into the suspect’s account using retirement savings. Authorities are investigating the syndicate behind the scam.

Former Binance CEO Changpeng Zhao celebrates one year since being released from U.S. prison. He reflects on milestones in the crypto community and his personal project Giggle Academy. Zhao praises positive changes under the Trump administration, including pro-crypto initiatives and a shift in regulation at the U.S. Securities and Exchange Commission.

A wallet allegedly linked to MrBeast has accumulated over $1 million worth of ASTER tokens. The token has surged over 1,800% since its launch, with support from industry heavyweights like Changpeng Zhao. MrBeast denied involvement, but the token’s price has not been significantly affected. Whales have also shown interest in ASTER.

Babylon has proposed reducing BABY inflation from 8% to 5.5% and introducing a BTC-BABY co-staking system to align Bitcoin and BABY holders while slowing supply growth. The plan aims to enhance rewards for stakers and strengthen network sustainability, with a testnet launch in September and mainnet deployment in October.