Found 5789 news
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
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
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...
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
Strategic Solana Reserve data showed that Solana treasuries have hit 17.11 million SOL tokens, worth over $4 billion at current prices. Solana-based corporate treasuries surged past $4 billion as companies have continued to accumulate the cryptocurrency, according to new data. Data from the reserve tracker, Strategic Solana Reserve, showed on Tuesday that Solana treasuries hit 17.11 million tokens, worth $4.03 billion at current prices. The reserves accounted for almost 3% of Solana’s (SOL) circulating supply of more than 600 million tokens. The largest participant was Forward Industries, which held more than 6.8 million SOL, worth $1.61 billion. Other firms such as Sharps Technology, DeFi Development Corp. and Upexi each held about 2 million SOL, with individual allocations exceeding $400 million. Read more
While some legal experts see France’s threat as legally feasible, others argue that it’s only a warning for crypto firms looking for licensing loopholes in the EU. France’s warning that it may try to block cryptocurrency companies from operating in the country under licenses issued by other European Union member states — known as passporting — has raised questions about enforcement of the 27-nation bloc’s flagship crypto law. France’s securities regulator, the Autorité des Marchés Financiers (AMF), is considering a ban on crypto firms operating in France under licenses obtained in other member states, Reuters reported Monday. The move reportedly stems from the AMF’s concern that some crypto companies seek licenses in more lenient EU jurisdictions. The warning came less than a year after the EU’s Markets in Crypto-Assets Regulation (MiCA) took effect for crypto-asset service providers. MiCA was designed to create a harmonized framework across Europe and prevent the kind of regulatory arbitrage the AMF is flagg...
Ether price eyed fresh highs as it held above a key trendline, with markets betting on a 96% chance of Fed cuts and further easing this year. Ethereum’s native token, Ether (ETH), has fallen 5.73% from its weekend high near $4,766, retreating as traders trim risk ahead of Wednesday’s Federal Reserve interest rate decision. The pullback reflects caution in the market, but the bigger question is whether the Fed’s potential dovish shift could reignite Ethereum’s rally and how far its next move might extend. Ether bulls are defending the 20-day exponential moving average (20-day EMA; the green wave) near $4,450, showing resilience as markets price in a 96.1% chance of a Fed rate cut this week, up from 85.4% a month ago, with two more reductions expected by year’s end. Read more
Crypto Finance, part of the Deutsche Börse Group, launched AnchorNote to let institutions trade across venues without moving assets out of custody. Crypto Finance, a subsidiary of Deutsche Börse Group, launched a new off-exchange settlement solution to improve capital efficiency and trading flexibility for institutional crypto investors. The new product, Crypto Finance AnchorNote, allows institutions to trade on different platforms without moving their assets out of custody. It also helps them settle trades off-exchange and earn yields within a compliant, risk-controlled setup, according to a Tuesday announcement. “With Crypto Finance AnchorNote, we are closing a critical gap between custody and capital efficiency,” said Philipp Dettwiler, head of custody and settlement at Crypto Finance. The launch is initially focused on the Swiss market, with a broader European rollout expected in the near term. Read more
Whale selling and a reduction in XRP ledger activity over the past two months increased the downside potential for XRP price to drop toward $2. Key takeaways: XRP’s failure to hold $3 points to a continued downside risk to $2.40-$2.00. Whales continue to sell XRP. Read more
SC Ventures plans to launch a digital asset fund in 2026, with a focus on global digital asset investment opportunities. Update Sept. 16, 11:33 am UTC: This article has been updated to clarify that SC Ventures is launching a digital asset fund, not a crypto fund. Update Sept. 16, 1:38 pm UTC: This article has been updated to include comments from an SC Ventures representative. Standard Chartered’s venture arm is preparing to launch a $250 million digital asset investment fund in 2026, signaling growing institutional appetite for digital assets. Read more
Strategy’s Michael Saylor and BitMine’s Tom Lee are among 18 industry leaders who will look at ways to pass the BITCOIN Act and enable budget-neutral ways to buy Bitcoin. US lawmakers are set to meet with 18 crypto industry executives, including Strategy chairman Michael Saylor, on Tuesday to discuss how Congress can move forward with President Donald Trump’s Strategic Bitcoin Reserve. Those in attendance will also include Fundstrat CEO Tom Lee, who is also the chairman of BitMine, as well as MARA CEO Fred Thiel, according to crypto advocacy group The Digital Chambers, which shared the full list with Cointelegraph on Monday. The industry executives are looking to build momentum behind the BITCOIN Act, a measure introduced by US Senator Cynthia Lummis in March that calls on the government to acquire one million Bitcoin (BTC) over five years. Read more
Almost three years after the SEC filed a complaint involving allegations with the Gemini Earn product, the crypto company and regulator said they had reached a potential deal. The US Securities and Exchange Commission (SEC) and Gemini Trust Company filed a status update in court, letting a federal court know they had reached a “resolution in principle” to resolve a securities case stemming from a 2023 complaint. In a Monday filing in the US District Court for the Southern District of New York (SDNY), the SEC and Gemini Trust said that, “subject to review and approval” by the commission, the two parties requested that all litigation in the civil case be indefinitely stayed. The filing stated that both parties would file another status report if the case weren’t resolved by Dec. 15. Read more
Standard Chartered warns of risks as Bitcoin, Ethereum and Solana treasury companies face valuation crunch. The boom in digital asset treasury (DAT) companies — fueled by the success of Strategy’s Bitcoin-buying — has shone a spotlight on cryptocurrencies such as Bitcoin, Ether and Solana. However, that spotlight has dimmed in recent weeks as the market net asset values (mNAVs) of many DATs collapsed, exposing smaller firms to growing risks, Standard Chartered warned Monday. In the world of DATs, mNAV measures the ratio of a company’s enterprise value to the value of its cryptocurrency holdings. An mNAV above 1 allows a firm to issue new shares and keep accumulating digital assets. Below that threshold, it becomes far harder — and less prudent — to expand holdings. Standard Chartered noted that several high-profile DATs have recently slipped below that critical level, effectively shutting off their ability to keep buying. Read more
An uptick in Solana onchain activity, digital asset treasury allocation, and its expanding DeFi ecosystem could be the fuel that sends SOL to $300. Key takeaways: Corporate treasury investments are driving consistent demand and strengthening SOL’s price momentum. DEX dominance, fee growth, and interoperability upgrades reinforce Solana’s competitive blockchain position. Read more5789 items