Cointelegraph.com
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Cointelegraph.com - 12:55 Oct 07, 2025
Amid growing demand for safe-haven assets due to a US government shutdown, stimulus checks may bring an “additional liquidity catalyst,” market analysts told Cointelegraph. United States President Donald Trump has floated the idea of using import tariff revenue for another stimulus package, signaling a potential tailwind for crypto markets, alongside the ongoing government shutdown. Trump said he is considering giving Americans up to $2,000 in stimulus checks funded by revenue generated from import tariffs, according to an interview on the One America News Network published on Thursday. While the revenue from tariffs is just “starting to kick in,” they will ultimately generate “over a trillion dollars a year,” said Trump during the interview, adding that another part of the revenue will be used to pay the nation’s $37 trillion federal debt. Read more -
Cointelegraph.com - 12:28 Oct 07, 2025
Treasury companies and ETFs now hold over 10% of ETH’s supply, with SharpLink and BitMine leading corporate accumulation. SharpLink Gaming’s Ether holdings surged in value as the cryptocurrency climbed nearly 4.5% in the past 24 hours, pushing the company’s unrealized gains close to $1 billion. On Tuesday, the company said its unrealized profit from its Ether (ETH) purchases has surpassed $900 million since it initiated its accumulation strategy on June 2. Strategic ETH Reserve data showed that SharpLink held 838,730 ETH on its balance sheet, worth around $3.93 billion at current prices. This makes the company one of the largest holders of ETH, with 0.69% of the asset’s total supply. Read more -
Cointelegraph.com - 12:09 Oct 07, 2025
NYSE parent company, Intercontinental Exchange, has invested $2 billion in the crypto prediction market Polymarket at a $9 billion valuation. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), invested $2 billion in cryptocurrency-based prediction market Polymarket. According to a Tuesday Polymarket X post, the ICE invested $2 billion in the prediction market. The deal values Polymarket at a $9 billion post-money valuation. ICE’s NYSE is the world’s largest stock exchange by market capitalization, exceeding $25 trillion as of July 2024. Its interest is the latest move that fuses the United States’ traditional financial landscape with the cryptocurrency industry. Read more -
Cointelegraph.com - 11:57 Oct 07, 2025
India doesn’t “encourage or discourage” crypto, it “only taxes it,” Minister Piyush Goyal said, while unveiling a new RBI-backed digital currency project. The Indian government expressed renewed skepticism toward cryptocurrencies like Bitcoin as it prepared to launch new digital currency initiatives backed by the Reserve Bank of India (RBI). India will soon launch an RBI-backed digital currency, India’s Commerce Minister Piyush Goyal said in a roundtable during his visit to Qatar, local news agency The Hindu reported on Tuesday. In a separate development, the RBI plans to launch a pilot on deposit tokenization on Wednesday, RBI’s chief general manager of the fintech department, Suvendu Pati, reportedly said. Read more -
Cointelegraph.com - 10:46 Oct 07, 2025
Streamex shares surged over 20% as the company announced a pre-sale for GLDY, a gold-backed stablecoin offering 4% yield and targeting institutional investors. Streamex Corp. saw its stock surge over 20% on Monday after announcing a pre-sale for its upcoming gold-backed stablecoin, GLDY. The digital asset, designed to generate an annualized yield of up to 4.0%, will open for qualified investors on or before Nov. 10. The GLDY token offers exposure to physical gold bullion with yield paid in ounces of gold, targeting institutional investors, the company announced on Monday. The stablecoin is part of Streamex’s broader mission to tokenize real-world commodities through digital instruments. “The launch of GLDY represents a major evolution in how investors can access and benefit from physical gold,” said Henry McPhie, co-founder and CEO of Streamex. “Now, instead of paying to hold gold, investors can get paid to hold gold.” Read more -
Cointelegraph.com - 23:47 Oct 06, 2025
The iShares Bitcoin Trust ETF, or IBIT, has earned BlackRock $25 million more in fees than its second-most profitable ETF and is just shy of reaching $100 billion in net assets. BlackRock’s spot Bitcoin exchange-traded fund has generated nearly $245 million in fees over the past year, making it now the most profitable ETF for the firm by a wide margin. The iShares Bitcoin Trust ETF (IBIT) currently beats the iShares Russell 1000 Growth ETF (IWF) and the iShares MSCI EAFE ETF (EFA) by $25 million in annual revenue, BlackRock ETF analyst Eric Balchunas posted to X on Monday. IBIT became the most profitable BlackRock ETF when it surpassed IWF and EFA around mid-July, as previous X posts from Balchunas show. Read more -
Cointelegraph.com - 21:37 Oct 06, 2025
Activist investor calls for Polygon to scrap 2% inflation and launch buybacks to rescue POL’s price and restore investor confidence. A new proposal to overhaul Polygon’s tokenomics is gaining momentum on the project’s governance forum and across social media, as investors voice frustration over POL’s steep underperformance compared to the broader crypto market. The proposal, authored by activist token investor Venturefounder, calls for major revisions to Poilygon’s (POL) supply model, including the elimination of its 2% annual inflation rate and the introduction of a treasury-funded buyback or burn program to reduce ongoing sell pressure. “These changes are intended to align the supply dynamics of POL with its current technological and strategic reality, reinforce investor confidence, and prevent further token devaluation and network stagnation,” Venturefounder wrote in the forum post. Read more -
Cointelegraph.com - 21:18 Oct 06, 2025
USDT dominance dropped as a key altcoin market capitalization metric rose to $1.18 trillion, hinting that a cautiously brewing altseason could be brewing. Key takeaways: TOTAL3 market cap hit a record $1.18 trillion, signaling accelerating momentum within the altcoin cohort of the crypto market. USDT dominance dropped sharply, hinting at capital rotation into risk assets. Read more -
Cointelegraph.com - 21:13 Oct 06, 2025
Switzerland’s gambling watchdog is reviewing FIFA’s “Right to Buy” NFTs, while noting no wrongdoing has been alleged. Switzerland's gambling regulator is looking into whether "right-to-buy" tokens sold by global soccer organizing body FIFA ahead of the 2026 World Cup tournament comply with rules that govern gambling, Bloomberg reported. No wrongdoing has been alleged. Gespa is assessing whether the tokens, which can be bought, sold and traded on FIFA’s non-fungible token (NFT) marketplace, are gambling-like or represent conditional purchase rights. FIFA stands for Fédération Internationale de Football Association. The authority has not alleged wrongdoing nor had it received any reports of wrongdoing, and is gathering facts to determine whether any action is warranted, director Manuel Richard told Bloomberg on Monday. Read more -
Cointelegraph.com - 20:49 Oct 06, 2025
The stablecoin issuer reportedly capitalized on its initial investments in February and April to weigh in on who should comprise the Italian football club's board. Stablecoin issuer Tether will reportedly pitch its own list of board candidates and “governance changes” for Juventus, a football club based in Italy in which the company has a 10.7% stake. According to a Monday Reuters report, Tether’s suggestions for the football club’s board will come ahead of a Nov. 7 shareholder meeting, and it will also contribute about $129 million as part of a capital increase in Juventus. The stablecoin issuer initially invested in Juventus in February, increasing its stake to more than 10% in April as part of a “commitment to innovation and long-term collaboration,” according to CEO Paolo Ardoino. The football club’s board has been no stranger to controversy in past years. Every member resigned in November 2022 amid allegations of financial fraud involving players’ salaries. Former Juventus board Chair Andrea Agnelli and ... -
Cointelegraph.com - 19:40 Oct 06, 2025
Billionaire Paul Tudor Jones believes US financial markets are far from bubble territory, citing fiscal imbalances as fuel for risk-on assets like Bitcoin and growth stocks. Key takeaways: Paul Tudor Jones expects massive upside from US markets, but notes that widespread retail and institutional participation is required for a market peak. US stock market valuations and economic conditions don’t point to an immediate downturn, supporting the thesis of continued speculative momentum. Read more -
Cointelegraph.com - 18:25 Oct 06, 2025
Bitcoin hit fresh highs on Monday, and several altcoins look ready to follow. If the buying pace sustains, BTC’s next stop could be $142,000. Key points: Solid buying in Bitcoin ETFs last week helped propel the price to a new all-time high on Sunday, with buyers attempting to extend the rally on Monday. Several altcoins are showing strength and are striving to rise above their overhead resistance. Read more -
Cointelegraph.com - 18:04 Oct 06, 2025
The shutdown entered its sixth day on Monday, with the SEC, CFTC and other agencies operating with restrictions and limited staff. Many US federal employees have been furloughed, and others continue to work without pay, since lawmakers failed to pass a stopgap measure to fund the government last week, and the shutdown is expected to continue. As of Monday morning, there had been no reported deal between Republican and Democratic members of the US Congress to stop the shutdown and return operations to normal, including activities at financial regulatory agencies such as the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The Senate is scheduled to hold a vote on a continuing resolution to fund the government at 5:30 pm ET, but at the time of publication, it was unclear whether the measure would have enough support to pass. Read more -
Cointelegraph.com - 17:32 Oct 06, 2025
Plume’s SEC registration lets it manage tokenized securities under US law, a step toward merging traditional markets with blockchain infrastructure. Plume Network, a layer-2 blockchain designed to host real-world assets (RWAs), has registered as a transfer agent with the US Securities and Exchange Commission (SEC) — a move that bolsters its ability to bring traditional financial instruments onchain and streamline the issuance of tokenized securities. The company announced its registration on social media, saying the step supports its broader mission of migrating securities markets onto blockchain infrastructure. Transfer agents traditionally handle critical back-office functions for securities issuers, including maintaining shareholder registries, recording ownership transfers and managing corporate actions. Read more -
Cointelegraph.com - 16:55 Oct 06, 2025
A record weekly close above $123,000 for Bitcoin confirms a new phase of price discovery as onchain and futures metrics point to bulls running the show. Key takeaways: Bitcoin’s price discovery reached its strongest weekly close at $123,400. Onchain metrics and futures data show sustained bullish control above $122,000. Read more -
Cointelegraph.com - 16:00 Oct 06, 2025
How Pump.fun’s one-click minting, bonding-curve graduation and locked liquidity drove Solana’s memecoin dominance: the risks and metrics to watch next. One-click minting, bonding-curve “graduation” and locked LPs concentrated liquidity, pushing Pump.fun’s share to 75%-80% at its peak. Launches and fees are cyclical. After plunging 80% from January highs, activity snapped back by late August. Rivals (LetsBonk, HeavenDEX, Raydium LaunchLab) can flip share in the short term with fees or incentives, but network effects often pull activity back. Read more -
Cointelegraph.com - 15:49 Oct 06, 2025
How a US SOL ETF could shift access, flows and usage — plus the key metrics to watch to see whether Solana outperforms Ether. ETH ETFs have opened access, but flows remain cyclical. SOL’s plumbing is set: CME futures are live, with options slated for Oct. 13 (pending approval). The SEC’s generic standards now allow faster spot-commodity ETP listings beyond BTC and ETH. Read more -
Cointelegraph.com - 15:35 Oct 06, 2025
ESMA moves to take direct control of crypto oversight under MiCA as EU states clash over cross-border licensing and fragmented market supervision. The European Union’s markets regulator is preparing to expand its authority to cover cryptocurrency exchanges and other operators, a move officials say would better align oversight with the bloc’s newly implemented Markets in Crypto-Assets (MiCA) framework. Verena Ross, chair of the European Securities and Markets Authority (ESMA), confirmed in an interview with the Financial Times that the European Commission is developing plans to shift supervision of several financial sectors, including crypto, from national regulators to ESMA. Ross said the reform would help build “a more integrated and globally competitive” EU financial landscape. The proposal aims to address “continued fragmentation in markets” and move closer to a unified capital market across Europe, she said. Read more -
Cointelegraph.com - 14:05 Oct 06, 2025
Despite sanctions and scrutiny, the ruble-backed A7A5 stablecoin surged 250% in a day to reach a $500 million market cap, overtaking all non-US dollar rivals. A7A5, a Russian ruble-backed stablecoin issued in Kyrgyzstan, has become the world’s biggest non-US dollar stablecoin despite facing multiple sanctions. A7A5’s market capitalization stood at almost $500 million on Monday, about 43% of the total $1.2 billion market cap of non-US dollar stablecoins, according to data from CoinMarketCap and DefiLlama. “We have already proven that a national digital currency can be not only an alternative to the dollar but also a driver of global change,” A7A5 wrote on its Telegram channel on Saturday. Read more -
Cointelegraph.com - 13:46 Oct 06, 2025
South Korean retail investors are becoming a significant driver of Ether’s growing value, alongside global institutional investors and corporate treasuries, Mow said. South Korean retail investor capital is fueling Ether’s price momentum and the rise of corporate Ether treasury firms, according to industry insiders, as the world’s second-largest cryptocurrency trades just 7% below its all-time high. The “only thing” keeping the Ether (ETH) price and Ether treasury companies at their current levels is about $6 billion worth of Korean retail capital, according to Samson Mow, CEO of Bitcoin technology company Jan3. “ETH influencers have been flying to South Korea just to market to retail. These investors have zero idea about the ETHBTC chart and think they’re buying the next Strategy play,” said Mow in a Monday X post, warning that this “won’t end well.” Read more
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