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Tether has accumulated $8.7 billion in physical gold and has a gold-backed cryptocurrency with a $1.4 billion market cap. Stablecoin issuer Tether, the creator of USDt (USDT), has begun discussions with mining and investment groups about deploying capital across the gold supply chain, according to the Financial Times. The move would further diversify Tether's portfolio risk. According to the report, Tether has been exploring deploying capital across several sectors in the gold business, including gold mining, refining, trading and royalty companies. The company has accumulated $8.7 billion worth of physical gold, which is stored in a vault in Zurich, Switzerland. The reserves back Tether Gold (XAUT), the firm’s gold-pegged stablecoin with a market capitalization of about $1.4 billion. Read more
Interest rate cuts are a bullish catalyst for crypto prices, as investors increase their risk appetite during times of credit expansion. Several financial institutions and market analysts are now projecting the US Federal Reserve, the country’s central bank, will slash interest rates from the current target rate of 4.25%-4.5% at least twice in 2025. The banking forecasts followed a weak August jobs report that saw only 22,000 jobs added for the month, versus expectations of about 75,000. Analysts at Bank of America, a banking and financial services company, reversed their long-held stance of no rate cuts in 2025 and are now projecting two 25 basis point (BPS) cuts, one in September and another in December, according to Bloomberg. Read more
The Canadian company makes inroads into US markets with a Nasdaq listing on Sept. 9, moving trading from its over-the-counter venture market. Canadian blockchain company SOL Strategies is set to debut on Nasdaq next week after securing approval to list its shares. In a Friday notice, SOL Strategies said it would begin listing common shares on the Nasdaq Global Select Market starting on Sept. 9 under the ticker symbol STKE. The listing will end of the company’s shares trading on the over-the-counter venture market OTCQB, while maintaining trading activity on the Canadian Securities Exchange. Read more
Shell companies could become costlier under Nasdaq’s proposed listing plan, raising entry barriers along a common route to crypto treasuries. Nasdaq’s newly proposed listing rules may give established digital asset treasury firms an edge, while raising new barriers for smaller players looking to incorporate cryptocurrencies into their balance sheets. The changes, announced Wednesday, include lifting the minimum public float to $15 million and fast-tracking delistings for companies that fall out of compliance. According to Brandon Ferrick, general counsel at Web3 infrastructure company Douro Labs, the proposed changes are unlikely to hurt well-managed digital asset treasury firms. Instead, they give stronger players a trading premium. Read more
Ether price shows resilience as strong onchain activity and balanced options sentiment support a potential price recovery. Key takeaways: Ethereum’s strong onchain metrics contrast with subdued derivatives sentiment, suggesting traders remain cautiously positioned. Stablecoin flows and options data indicate only moderate fear, supporting ETH’s potential to regain bullish momentum. Read more
Gold hits record highs above $3,600 as tokenization brings the metal onchain, raising the question: Is gold the true digital gold? Gold has emerged as one of the best-performing assets of 2025, lifted by geopolitical uncertainty, record central bank buying and skepticism over policymakers’ ability to rein in inflation as fiscal deficits widen. While Bitcoin (BTC) is often dubbed “digital gold,” the traditional safe-haven asset is drawing renewed attention from investors. Gold has gained about 35% year-to-date, climbing to fresh all-time highs above $3,600 an ounce. US retirement planners have a new way to access the metal through blockchain-based tokenization, following a partnership between Chintai Nexus and SmartGold. The initiative adds momentum to the broader tokenization trend, which is attracting increasing institutional interest in digital assets. Read more
Trump Media said it would purchase 684.4 million CRO tokens as part of a deal with the exchange following a joint venture to create a crypto treasury. Trump Media & Technology Group, the parent of US President Donald Trump’s Truth Social platform, finalized an agreement with crypto exchange Crypto.com on Friday that establishes a new entity to accumulate the exchange’s native Cronos (CRO) token, beginning with an initial purchase of 684.4 million CRO as part of a joint treasury strategy. In a Friday notice, Trump Media said it would buy the tokens at a price of approximately $0.153 each, bringing the total initial purchase to nearly $105 million. The transaction will be carried out as an equal exchange of stock and cash between the companies. The announcement followed Trump Media Group CRO Strategy, a joint venture established by Trump Media, Crypto.com and Yorkville Acquisition, to establish a $6.4 billion crypto treasury of the CRO token. Read more
Bitcoin price pushed closer to its range highs, providing a breakout signal for multiple altcoins. Is it time for altseason? Key points: Bitcoin rallied above $113,000 on Friday, but the long wick on the candlestick shows solid selling at higher levels. Several major altcoins are trying to hold on to their support levels, but the bears have maintained their selling pressure. Read more
Itaú Asset is launching a crypto division within its billion-dollar mutual funds arm, aiming to deliver alpha for clients with digital assets trading. Itaú Asset Management, Brazil’s largest private asset manager, has created a dedicated crypto division and appointed former Hashdex executive João Marco Braga da Cunha to lead the new unit. The unit builds on Itaú Asset’s existing crypto products, including the bank's Bitcoin exchange-traded fund (ETF) and a retirement fund offering exposure to digital assets. Itaú Asset manages over 1 trillion reais ($185 billion) in assets for its clients. “The crypto asset segment has unique characteristics for generating alpha. It’s a relatively new market that creates major opportunities due to its volatility,” Cunha said. He previously served as portfolio management director at Hashdex, the Brazilian firm that behind one of the country’s first crypto ETFs. Read more
Bitcoin’s brief rally above $113,000 disintegrated after a shocking US jobs report emerged. Is it time to add or cut risk? Key takeaways: Bitcoin briefly surged to $113,000 before reversing after weaker-than-expected US payrolls data. Onchain flows show $2 billion in stablecoin inflows and record open interest near all-time highs. Read more
Whales are losing millions of dollars on the decline of the Trump-linked WLFI token, but most of the pre-sale participants are still holding the coin. Whales, or big cryptocurrency investors, have lost millions of dollars by betting on the price appreciation of the Trump family-linked World Liberty Financial (WLFI) token. Since its launch on Monday, the WLFI token’s price fell by over 40%, despite a large-scale token burn event that permanently reduced the token’s circulating supply, aiming to tighten supply and boost the value of the remaining tokens on the market. Despite the over 40% decline, some of the pre-sale holders are still showing confidence in the presidentially endorsed token. Read more
A 24/7 trading cycle would create new opportunities and risks for traditional financial markets that do not operate on nights and weekends. The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) released a joint statement on Friday exploring a possible shift to 24/7 capital markets and regulations for crypto derivatives. Scaling onchain finance requires a 24/7 trading environment across asset classes, the regulators said in the statement. Crafting regulatory clarity for event contracts and perpetual futures — futures contracts without an expiry date — was also a priority. However, the agencies clarified: Read more
Ether’s exchange flux metric turned negative for the first time in history, signaling a shift in investor behavior and Ether’s potential to resume its uptrend. Key takeaways: Ether’s exchange flux balance turned negative for the first time, signaling aggressive accumulation. ETH price could rally to new highs above $5,000 if key resistance breaks. Read more
A trader grew $125,000 into $43 million on Ethereum with leverage on Hyperliquid, then cashed out $6.86 million. Here’s what traders can learn. A crypto trader managed to turn a $125,000 deposit into one of the largest Ether positions ever seen on Hyperliquid. Over four months, they compounded every gain into a single Ether (ETH) long, eventually controlling more than $303 million in exposure. At its peak, his equity hit $43 million. When the market began to reverse, they closed the trade entirely, walking away with $6.86 million in realized profit (a 55x return on the initial stake). Read more
Bitcoin price strength disappears despite nonfarm payrolls data cementing Fed rate cut bets, and bulls are nowhere to be seen. Key points: Bitcoin disappoints with volatility around US jobs data, resulting in a dive under $111,000. BTC price action gives up all its gains while gold goes on to hit yet another all-time high. Read more
Crypto exchange Bybit has become the first crypto exchange to debut stablecoin payments for regulatory fees in Kazakhstan’s AIFC. Kazakhstan’s financial regulators have allowed license and supervision fees to be paid in USD-pegged stablecoins. Kazakhstan’s Astana Financial Services Authority (AFSA), a designated financial authority for the Astana International Financial Centre (AIFC), has launched a project enabling AIFC members to pay regulatory fees in USD-pegged stablecoins. The regulator announced on Thursday that the project was officially launched at the local event Astana Finance Days 2025, signing a related multilateral memorandum of understanding (MMoU) with the centralized crypto exchange (CEX) Bybit. Read more
The $1-to-Bitcoin-millionaire story is mostly a myth. Discover why early buyers faced extreme volatility, exchange collapses, lost private keys and more. It’s almost an irresistible daydream: step into a time machine, buy a pile of Bitcoin for pennies in 2010 and return to the present to find millions sitting in your account. In March 2010, the first recorded Bitcoin exchange price was about $0.003 per Bitcoin (BTC), and prices never rose above $0.40 that year. Today, BTC trades well into the six-figure range. Read more
OnlyFans and Pornhub creator accounts may be harder to secure than a crypto account, but stricter hurdles don’t always mean stronger KYC. The verification process on adult platforms can be more cumbersome than Know Your Customer (KYC) checks on cryptocurrency exchanges — though added difficulty doesn’t necessarily reflect stronger compliance. Signing up as a model on OnlyFans or Pornhub isn’t all that different from opening an account on a crypto trading platform. The process often begins with a Google login (or other online accounts, depending on the exchange), followed by the familiar ritual of selfies and ID uploads. Both adult platforms and crypto exchanges are under mounting scrutiny over how they verify users — one to prevent minors from selling explicit content, the other to stop criminals from laundering money. Read more
PayPal's crypto checkout and global regulatory clarity signal the next phase: payments that work invisibly, not speculation that demands attention. Opinion by: Innokenty Isers, Founder and CEO of Paybis The loudest signal in months was not a price chart — it was a checkout button. PayPal turned on crypto at the point of sale for US merchants, promising near-instant settlement and international fees up to 90% lower than the status quo. Read more
Lawmakers are faced with a choice to block the creation of a US digital dollar due to privacy concerns, though critics argue the fight is more about politics. As US lawmakers return from their August recess, the debate over central bank digital currencies (CBDCs) is once again at the forefront of crypto policy. In the latest episode of Byte-Sized Insight, Cointelegraph spoke with Sheila Warren, CEO of the Project Liberty Institute, about whether the CBDC debate in Washington reflects real risks or political posturing, and what it means for the future of the digital dollar. Supporters of the measure argue that a CBDC would endanger civil liberties by giving the government unprecedented access to financial data. Read more6933 items