Author: Crypto Editor

Briefly U.S. Senator Cynthia Lummis (R-WY) has urged the Client Monetary Safety Bureau to finalize its open banking rule, warning that banks have restricted entry to industries they oppose, together with digital property. The rule, finalized on October 22, 2024, permits customers to share monetary information with third-party apps by way of APIs, important infrastructure for connecting financial institution accounts to crypto exchanges. Banking business teams sued the identical day the rule was finalized, however a federal choose paused the lawsuit in July, granting the CFPB time to rethink. Professional-crypto lawmakers have demanded instant motion to stop massive banks from…

Hong Kong authorised its first Solana spot exchange-traded fund (ETF), marking the third crypto spot ETF authorised by town after Bitcoin and Ethereum.On Wednesday, the Hong Kong Securities and Futures Fee (SFC) granted approval for the China Asset Administration (Hong Kong) Solana ETF, which might be listed on the Hong Kong Inventory Change, in line with a report by the Hong Kong Financial Instances.The product will embody each RMB counters and USD counters, which means it may be traded and settled in each currencies. Every buying and selling unit will encompass 100 shares, with a minimal funding of about $100.…

Layer-1 blockchain XDC Community’s enterprise arm stated on Wednesday it had acquired Contour Community, a digital platform designed for banks to streamline commerce finance with blockchain rails.Contour was initially backed by main banks like HSBC, Citi and Normal Chartered however struggled to scale and was shuttered in late 2023. Underneath XDC’s possession, it will likely be restructured with recent capital injection, a revamped technique and a give attention to integrating stablecoins into real-world commerce processes, XDC stated in a press launch shared with CoinDesk.The agency didn’t disclose the acquisition worth.The acquisition comes as international banks and monetary establishments ramp up…

These aren’t simply horror tales. They’re the hard-won, multi-million greenback classes that constructed the inspiration of contemporary crypto safety.There’s a distinctive and chilling worry that each crypto investor understands: the horror of a stability out of the blue turning to zero. The historical past of cryptocurrency is affected by tales of catastrophic hacks, the place fortunes vanished within the blink of a watch, forsaking a path of devastated buyers and shaken confidence.Press enter or click on to view picture in full dimensionAn illustration of an individual strolling on a safe path, wanting on the ghostly logos of previous crypto hacks…

Galaxy Digital reviews $505M revenue surge, up 1,546%, as Helios AI campus growth and buying and selling good points drive report quarter.   Galaxy Digital reported a record-breaking quarter with earnings rising by 1,546% to $505 million. The surge was pushed by elevated buying and selling quantity, treasury good points, and ongoing progress in its AI infrastructure undertaking, Helios. The corporate additionally noticed robust inflows into its asset administration division, pushing platform belongings to $17 billion. AI Infrastructure Boosts Galaxy’s Strategic Progress Galaxy’s 800-megawatt Helios facility in Texas, beforehand one of many largest bitcoin mining websites in North America, is…

Despite the fact that the non-fungible token market is taken into account extremely speculative, and traders have confronted vital dangers, some traders have made wealth from non-fungible token collections by way of buying and selling and holding, promoting high-value digital belongings, or cashing in on secondary markets. On this article, we will stroll you thru an intriguing true story of an investor who purchased his NFT for simply $1, however it’s now value greater than $150,000. Beeple’s NFT Jumps From $1 In 2020 To $150K In 2025 In an October 20 weblog publish, Justin Trimble confirmed that he purchased a…

Pi Coin is at the moment locked in a protracted interval of sideways worth motion, a sample that indicators rising bother for the altcoin. With the cryptocurrency buying and selling flat for the previous two weeks, investor sentiment has notably turned bearish. This lack of constructive momentum, coupled with minimal help from the broader crypto market, is worsening circumstances for Pi Coin and pushing it nearer to a possible worth breakdown.Pi Coin Traders Stay SkepticalWeighted sentiment, a key measure of collective investor temper, is flashing crimson for Pi Coin. The indicator has dipped properly beneath the impartial line, highlighting deep pessimism…

Veteran dealer Peter Brandt has drawn parallels between Bitcoin’s present worth chart and the Seventies soybean market, warning of a possible steep decline if historical past repeats itself. Brandt sees broadening high sample Brandt acknowledged: “Bitcoin is forming a uncommon broadening high on the charts. This sample is known for tops.” He famous that within the Seventies, soybeans fashioned an analogous sample earlier than present process a 50% collapse. Brandt added {that a} comparable consequence for Bitcoin may put company holders like MicroStrategy beneath vital strain, as its inventory worth has already fallen over 10% previously 30 days amid declining…

ProShares has filed with the U.S. Securities and Change Fee to launch a brand new exchange-traded fund primarily based on the CoinDesk 20 Index, which tracks the highest 20 cryptocurrencies by market dimension and liquidity.If accepted, the fund would supply buyers regulated entry to a diversified basket together with Bitcoin, Ethereum, XRP, Solana, Cardano, and Avalanche, whereas excluding stablecoins and memecoins. As a substitute of holding the cryptocurrencies immediately, the ETF would use swaps and derivatives to reflect the index’s efficiency. A Cayman Islands subsidiary will handle a part of these contracts, capped at 25% of complete belongings, guaranteeing regulatory…

Over the previous week, XRP has proven indicators of stabilization, sparking discussions about its function within the evolving crypto ecosystem. The digital asset continues to draw curiosity not just for its utility in cross-border funds but additionally for its potential as a retailer of worth in unstable markets. Analysts spotlight that occasions in international finance, together with commerce relations between main economies, can affect short-term actions but usually create alternatives for strategic funding. Because the broader crypto market regains confidence, XRP is rising as a key participant for each retail and institutional traders in search of progress and liquidity. With…