Category: crypto

Coinbase has filed a partial summary judgment motion against the SEC, requesting access to internal documents about the agency’s enforcement strategy in the crypto sector. The SEC, initially denying requests under the Freedom of Information Act, now acknowledges delays are unnecessary, leading Coinbase to seek clarity on regulations governing digital assets.

Ripple has launched its new Ripple USD (RLUSD) stablecoin, supported by major exchanges like Uphold and Bitstamp. Aimed at institutional clients, RLUSD offers fiat stability and blockchain efficiency, targeting cross-border payments and asset tokenization. The token will maintain a 1:1 parity with the US dollar and will have a dedicated advisory board.

dYdX launched Trump Prediction Market Perpetuals, allowing traders to leverage positions on Donald Trump’s 2024 election prospects. Users can take long or short positions in a decentralized environment, utilizing advanced order types and risk management tools. This market may herald more leveraged prediction markets for various real-world events.

The GAM3 Awards 2024, featuring a $5 million prize pool, will be held in the Philippines on November 22, marking its first physical ceremony in partnership with Yield Guild Games. The event will celebrate web3 gaming innovation, include new categories, and showcase exclusive content and significant industry figures. Voting runs from Oct. 15 to Nov.…

Tokyo-listed investment firm Metaplanet has aggressively acquired Bitcoin, adding over 450 BTC this month, boosting its total to 855.5 BTC worth over $56 million. The strategy, aimed at hedging against yen volatility, has increased its stock price by 15% and positioned it as the second-largest Bitcoin holder among Asia-listed companies.

Bitcoin reached $66,000, breaking weeks of stagnation as the crypto market recovers. This optimism is fueled by perceived pro-crypto stances from US presidential candidates and easing geopolitical tensions. Influential firms assert that Bitcoin’s growth is driven by liquidity and transparency, unaffected by election outcomes or regulatory shifts.

Delhi Police seized over 100,000 USDT in a fraud case linked to “M/s Goldcoat Solar,” which falsely claimed government support for renewable energy investment. The scam misled investors using fake endorsements and fabricated earnings. Meanwhile, Hong Kong Police arrested 27 for a HK$360 million crypto fraud utilizing romance scams and advanced technologies.

Bitcoin (BTC) showed potential for further gains after surpassing critical resistance at $63,000, hitting a high of $66,288. Key on-chain metrics indicate bullish momentum, though BTC must maintain a daily close above $63,000 to sustain this trend. The market remains resilient despite previous volatility and potential short-term corrections.

Morgan Stanley’s global head of research advised chief investment officers to consider Bitcoin mining stocks as new energy infrastructure opportunities arise. With rising energy demands and policies requiring data centers to source their own power, Bitcoin mining is positioned for investment growth, particularly as integration with AI and energy efficiency increases.

Deutsche Bank has partnered with crypto market maker Keyrock to improve payment and FX services for global trading. The collaboration focuses on optimizing settlement processes and expanding Keyrock’s reach across multiple regions. Deutsche Bank will offer multi-currency accounts and integrated FX services, enhancing efficiency in global digital asset markets.