Crypto

The proof of concept, run under the Swiss Bankers Association, saw UBS, PostFinance, and Sygnum Bank carry out transactions using deposit tokens.

Spot Bitcoin ETFs saw $260 million in inflows on Monday, extending a six-day streak that may fuel BTC price to finally break the resistance level at $118,000. Key takeaways: Bitcoin’s failure to rise beyond $118,000 points to strong resistance around this area. Bitcoin ETFs recorded six days of consecutive inflows totaling $2 billion.  Read more

Bitcoin's exponential growth cycles are shrinking dramatically, signaling potential technological maturity limits. Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association When you were young, you often felt belittled for your lack of experience. Yet, our elders will simultaneously lament to us that time is on our side.  Bitcoin, like any youthful emerging tech, is the same. The early years are full of uncertainties, yet filled with the promise of boundless possibilities. Time is on our side to learn, adapt and grow.  Read more

Institutions are gobbling up Solana for their balance sheets, collectively adding billions in SOL. These are the top publicly traded treasuries.

UBS, Sygnum Bank and PostFinance completed a blockchain study proving the technology’s efficacy for bank deposits and institutional payment infrastructure. Some of Switzerland’s largest banks completed a proof-of-concept (PoC) that tested blockchain technology and smart contracts for interbank payments, marking what they said was the first legally binding bank payment via a public blockchain. Under the umbrella of the Swiss Bankers Association (SBA), UBS, PostFinance and Sygnum Bank conducted a feasibility study on blockchain-based deposit tokens and payments infrastructure, the SBA announced Tuesday. The test initiated an offchain fiat money transfer triggered by payment instructions tokenized on the blockchain as a “deposit token.” The first use case executed a payment between bank customers of the participating banks, while the second tested an escrow-like process that exchanged deposit tokens for tokenized real-world assets (RWAs) with automatically processed transactions. Read more

Ethereum is in the midst of a paradox. Even as ether hit record highs in late August, decentralized finance (DeFi) activity on Ethereum’s layer-1 (L1) looks muted compared to its peak in late 2021. Meanwhile, layer-2 (L2) networks like Arbitrum and Base are booming, with billions in total value locked (TVL).

NEAR Protocol (NEAR) was also a top performer, rising 2.9% from Monday.

Pudgy Penguins’ Pudgy Party racks up 500K downloads with a tournament planned for Q4, Pirate Nation is shutting down, and more: Web3 Gamer. Pudgy Penguins new battle royale game, Pudgy Party, has racked up half a million downloads within the first two weeks of launching, and gamers are praising how subtle and well-integrated the Web3 elements are. It has just the right am [amount] of Web3 and doesnt force you to buy tokens or NFTs from the start, gamer Spike said in an X post. Ive played 300+ Web3 games and its safe to say @PlayPudgyParty is nothing short of a masterpiece. Several blockchain and gaming firms have recently told Magazine that the key to onboarding a mass wave of gamers onto Web3 is to make blockchain itself invisible. Read more

Pudgy Penguins’ Pudgy Party racks up 500K downloads with a tournament planned for Q4, Pirate Nation is shutting down, and more: Web3 Gamer. Pudgy Penguins new battle royale game, Pudgy Party, has racked up half a million downloads within the first two weeks of launching, and gamers are praising how subtle and well-integrated the Web3 elements are. It has just the right am [amount] of Web3 and doesnt force you to buy tokens or NFTs from the start, gamer Spike said in an X post. Ive played 300+ Web3 games and its safe to say @PlayPudgyParty is nothing short of a masterpiece. Several blockchain and gaming firms have recently told Magazine that the key to onboarding a mass wave of gamers onto Web3 is to make blockchain itself invisible. Read more

Pudgy Penguins’ Pudgy Party racks up 500K downloads with a tournament planned for Q4, Pirate Nation is shutting down, and more: Web3 Gamer. Pudgy Penguins new battle royale game, Pudgy Party, has racked up half a million downloads within the first two weeks of launching, and gamers are praising how subtle and well-integrated the Web3 elements are. It has just the right am [amount] of Web3 and doesnt force you to buy tokens or NFTs from the start, gamer Spike said in an X post. Ive played 300+ Web3 games and its safe to say @PlayPudgyParty is nothing short of a masterpiece. Several blockchain and gaming firms have recently told Magazine that the key to onboarding a mass wave of gamers onto Web3 is to make blockchain itself invisible. Read more

Pudgy Penguins’ Pudgy Party racks up 500K downloads with a tournament planned for Q4, Pirate Nation is shutting down, and more: Web3 Gamer. Pudgy Penguins new battle royale game, Pudgy Party, has racked up half a million downloads within the first two weeks of launching, and gamers are praising how subtle and well-integrated the Web3 elements are. It has just the right am [amount] of Web3 and doesnt force you to buy tokens or NFTs from the start, gamer Spike said in an X post. Ive played 300+ Web3 games and its safe to say @PlayPudgyParty is nothing short of a masterpiece. Several blockchain and gaming firms have recently told Magazine that the key to onboarding a mass wave of gamers onto Web3 is to make blockchain itself invisible. Read more

Pudgy Penguins’ Pudgy Party racks up 500K downloads with a tournament planned for Q4, Pirate Nation is shutting down, and more: Web3 Gamer. Pudgy Penguins new battle royale game, Pudgy Party, has racked up half a million downloads within the first two weeks of launching, and gamers are praising how subtle and well-integrated the Web3 elements are. It has just the right am [amount] of Web3 and doesnt force you to buy tokens or NFTs from the start, gamer Spike said in an X post. Ive played 300+ Web3 games and its safe to say @PlayPudgyParty is nothing short of a masterpiece. Several blockchain and gaming firms have recently told Magazine that the key to onboarding a mass wave of gamers onto Web3 is to make blockchain itself invisible. Read more

Saifedean Ammous warned Argentina’s high-yield bond strategy is unsustainable, calling it a “Ponzi” that could push investors toward Bitcoin as the peso crumbles. Economist and author of “The Bitcoin Standard,” Saifedean Ammous, warned that Argentina’s financial system is on the brink of collapse, calling President Javier Milei’s economic program a “debt and inflation Ponzi” propped up by unsustainable bond yields and money printing. In a post on X, Ammous argued that Argentina’s government has created a financial system where bond speculation is the only path to financial security. “The only concrete achievement of his administration so far is that it destroyed the currency and created a shitcoin casino,” he said. At the center of the crisis is what locals call “la bicicleta financiera,” a high-yield carry trade where investors buy short-term government bonds that offer interest rates exceeding the pace of peso devaluation. According to Ammous, this setup, which has become the country’s most lucrative indust...

The service allows customers to buy, sell and hold five popular cryptocurrencies: BTC, ETH, LTC, MATIC and ADA.

Mark Newton sees ether dips toward $4,375 as buying opportunities before a rally, while recent trading shows heavy selling, sharp rebounds, and a key support test.

Fyre Festival is back—no, really. The team behind the LimeWire relaunch says it’ll bring back the infamous event with crypto ties.

LimeWire has acquired the rights to the infamous Fyre Festival and plans to revive the brand through Web3 integrations with its LMWR token. LimeWire, a former file-sharing platform turned Web3 company, acquired the rights to the infamous Fyre Festival brand and plans to relaunch it with a crypto twist. In a Tuesday announcement, LimeWire said it had purchased the Fyre Festival’s trademark, logo, domain and social media accounts. Marcus Feistl, LimeWire’s chief operating officer, told Cointelegraph that the new iteration will include offline events, with LimeWire’s LMWR token powering access to products and services. The Fyre Festival became a symbol of failed hype in 2017, when a promised luxury music event in the Bahamas collapsed into chaos, leaving attendees stranded without proper food or accommodations. Its founder, Billy McFarland, was later convicted of fraud and sentenced to prison. LimeWire confirmed that McFarland is not involved in the new project. Read more

Uranium-related financial instruments, such as ETFs, have outperformed bitcoin this year.

Before joining Thesis*, Chan served as the director of developer global services for Coinbase.

The U.S. has the deepest liquidity in crypto markets and is home to some of the largest issuers and exchanges, but without a comprehensive market structure we risk ceding ground to Latin America and Europe, Congressman French Hill argues.