The government is reportedly considering converting part of its sovereign wealth and gold holdings into digital assets, signaling the rise of crypto as a state-level asset class. Kazakhstan’s government is reportedly considering converting a portion of the country’s National Fund assets, as well as part of its gold and foreign exchange reserves, to fund a cryptocurrency reserve. According to The Times of Central Asia, Berik Sholpankulov, deputy chairman of Kazakhstan’s National Bank, announced the initiative during a recent parliamentary session. A Bloomberg Law report Friday suggested the government aims to allocate between $500 million and $1 billion to the effort. “I think by year end, January next year, we will have it up and running,” Sholpankulov said, according to Bloomberg. Sholpankulov said the creation of a state-managed crypto asset fund is under discussion among government officials. “We are considering the possibility of using part of the National Fund’s assets and gold and foreign exchange reser...
Ripple won’t pursue an IPO after resolving its SEC case despite record growth, major new investors and increasing industry momentum for public listings. Ripple, the US blockchain company behind the XRP cryptocurrency, will not pursue an initial public offering following the conclusion of its years-long legal battle with the Securities and Exchange Commission. Ripple president Monica Long said the company has no plans or timeline for an IPO, according to a Bloomberg report on Wednesday. “We’re in a fortunate position where we’ve been able to be very well capitalized and fund all of our organic growth, inorganic growth, strategic partnerships, anything we want to do,“ Long said. Read more
Stablecoins are shifting from crypto-native experiments to instruments embedded in existing banking and payment infrastructure. Traditional finance institutions across the US, Europe and Asia are moving into stablecoins now that regulatory uncertainties are easing. Payment companies like PayPal, Mastercard and Visa are either launching stablecoins, integrating stablecoin settlement into payment systems or building the infrastructure to support them. The race is not limited to corporations but is also developing at the banking level. In early October, a group of major international banks, including Goldman Sachs, Deutsche Bank, Bank of America, BNP Paribas and Citi, formed a consortium to explore issuing a “reserve-backed” digital money on public blockchains. Read more
AIMA says 55% of traditional hedge funds now hold crypto, with most planning to increase exposure as US regulation boosts confidence. More than half of traditional hedge funds now have exposure to digital assets, reflecting a steady institutional shift toward the cryptocurrency market despite recent volatility, according to a new survey. A survey released on Thursday by the Alternative Investment Management Association (AIMA) found that 55% of traditional hedge funds had exposure to digital assets as of 2025. This is an 8% increase over the 47% reported in the 2024 survey. The survey reportedly drew the participation of 122 hedge fund managers, representing $982 billion in assets under management. AIMA also found that on average, funds allocate 7% of their portfolios to crypto-related assets. Still, most hedge funds maintain low exposure, with most investing under 2% in crypto. However, 71% plan to increase their exposure over the next year. Read more
Tokenomics favor speed over conviction, using genuine supporters as exit liquidity. Crypto’s mainstream future requires replacing extraction with participation incentives. Opinion by: Jake Antifaev, CEO of Thrust Every token launch is a story about belief. Crypto narratives often romanticize early buyers as visionaries who saw potential when others didn’t. The reality is far less noble. The bonding curve, currently the dominant mechanism for price discovery in crypto, sets the stage: Price increases with each purchase, rewarding those who arrive early with the best entry point. On the surface, this seems fair. Read more