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Mastercard’s rumored $2-billion crypto deals could bring 24/7 settlement to traditional finance, but liquidity, risk and compliance may slow it down. Mastercard is in talks to buy Zero Hash, following earlier interest in BVNK, in a push toward 24/7 stablecoin settlement. The deals could give Mastercard a turnkey onchain payments stack, accelerating its move from pilot to production. Stablecoin-based settlement would let banks and merchants transact continuously, bypassing batch cutoffs and weekend delays. Read more
A landmark ruling granting XRP property status in India strengthens investor rights and boosts confidence in digital asset ownership. The case began when Rhutikumari, an XRP (XRP) holder, filed a petition against WazirX after the exchange froze her account containing 3,532.30 XRP worth approximately $9,400. The dispute stemmed from WazirX’s response to a July 2024 hack that led to the theft of about $235 million in assets. To manage the losses, WazirX proposed a controversial “socialization of losses” plan, which would distribute the financial impact proportionally across all user accounts. Rhutikumari challenged the plan, arguing that it infringed on her ownership rights. Read more
The former FTX CEO is currently serving a 25-year sentence in federal prison, but has the opportunity to get a new trial. With 19 years remaining for Sam “SBF” Bankman-Fried in prison, the former FTX CEO’s legal team will present arguments in the appellate court as to why a panel of judges should consider overturning his conviction or sentence. On Tuesday, the US Court of Appeals for the Second Circuit will hear oral arguments from SBF’s lawyers. Though the details of the appeal were unclear at the time of publication, the former FTX CEO’s legal team said in its initial appeals filing from September 2024 that it intended to argue SBF was “never presumed innocent,” claiming that it was not allowed to present information to the court regarding the crypto exchange’s solvency. “From day one, the prevailing narrative—initially spun by the lawyers who took over FTX, quickly adopted by their contacts at the US Attorney’s Office— was that Bankman-Fried had stolen billions of dollars of customer funds, driven FTX to i...
Forward Industries, which has accumulated more than $1 billion worth of Solana, saw its share price plunge Tuesday morning. Forward Industries, a digital asset–focused company that has built a significant position in Solana as part of its ongoing shift, has authorized a $1 billion share repurchase program — a move aimed at returning value to shareholders as it advances its transition into a digital asset treasury model. The share repurchase program, authorized on Monday, allows Forward Industries to buy back its stock on an ongoing basis through open-market purchases, block trades or privately negotiated transactions, the company announced. Forward said the authorization provides flexibility amid market volatility, though share repurchases are typically aimed at returning value to shareholders by reducing the number of shares outstanding and minimizing dilution. Read more
YouTube launches “direct attack” on blockchain gaming vids, Animoca to list on Nasdaq five years after getting kicked off the ASX: Web3 Gamer. YouTubes latest content rules announcement hasnt gone down well with Web3 gaming creators, who say the platform is unfairly targeting them. YouTube’s new policy is a direct attack on Web3 gaming and CS skins, Gamer Leevai said in an X post. Fellow gamer Predz added, Know any Web3 creators? They need to see this. The update, which is expected to roll out on Nov. 17, expands YouTubes definition of prohibited online gaming content to cover digital goods with monetary value, including skins, cosmetics, NFTs, and other blockchain-based assets. Read more
YouTube launches “direct attack” on blockchain gaming vids, Animoca to list on Nasdaq five years after getting kicked off the ASX: Web3 Gamer. YouTubes latest content rules announcement hasnt gone down well with Web3 gaming creators, who say the platform is unfairly targeting them. YouTube’s new policy is a direct attack on Web3 gaming and CS skins, Gamer Leevai said in an X post. Fellow gamer Predz added, Know any Web3 creators? They need to see this. The update, which is expected to roll out on Nov. 17, expands YouTubes definition of prohibited online gaming content to cover digital goods with monetary value, including skins, cosmetics, NFTs, and other blockchain-based assets. Read more
YouTube launches “direct attack” on blockchain gaming vids, Animoca to list on Nasdaq five years after getting kicked off the ASX: Web3 Gamer. YouTubes latest content rules announcement hasnt gone down well with Web3 gaming creators, who say the platform is unfairly targeting them. YouTube’s new policy is a direct attack on Web3 gaming and CS skins, Gamer Leevai said in an X post. Fellow gamer Predz added, Know any Web3 creators? They need to see this. The update, which is expected to roll out on Nov. 17, expands YouTubes definition of prohibited online gaming content to cover digital goods with monetary value, including skins, cosmetics, NFTs, and other blockchain-based assets. Read more
YouTube launches “direct attack” on blockchain gaming vids, Animoca to list on Nasdaq five years after getting kicked off the ASX: Web3 Gamer. YouTubes latest content rules announcement hasnt gone down well with Web3 gaming creators, who say the platform is unfairly targeting them. YouTube’s new policy is a direct attack on Web3 gaming and CS skins, Gamer Leevai said in an X post. Fellow gamer Predz added, Know any Web3 creators? They need to see this. The update, which is expected to roll out on Nov. 17, expands YouTubes definition of prohibited online gaming content to cover digital goods with monetary value, including skins, cosmetics, NFTs, and other blockchain-based assets. Read more
YouTube launches “direct attack” on blockchain gaming vids, Animoca to list on Nasdaq five years after getting kicked off the ASX: Web3 Gamer. YouTubes latest content rules announcement hasnt gone down well with Web3 gaming creators, who say the platform is unfairly targeting them. YouTube’s new policy is a direct attack on Web3 gaming and CS skins, Gamer Leevai said in an X post. Fellow gamer Predz added, Know any Web3 creators? They need to see this. The update, which is expected to roll out on Nov. 17, expands YouTubes definition of prohibited online gaming content to cover digital goods with monetary value, including skins, cosmetics, NFTs, and other blockchain-based assets. Read more
YouTube launches “direct attack” on blockchain gaming vids, Animoca to list on Nasdaq five years after getting kicked off the ASX: Web3 Gamer. YouTubes latest content rules announcement hasnt gone down well with Web3 gaming creators, who say the platform is unfairly targeting them. YouTube’s new policy is a direct attack on Web3 gaming and CS skins, Gamer Leevai said in an X post. Fellow gamer Predz added, Know any Web3 creators? They need to see this. The update, which is expected to roll out on Nov. 17, expands YouTubes definition of prohibited online gaming content to cover digital goods with monetary value, including skins, cosmetics, NFTs, and other blockchain-based assets. Read more
YouTube launches “direct attack” on blockchain gaming vids, Animoca to list on Nasdaq five years after getting kicked off the ASX: Web3 Gamer. YouTubes latest content rules announcement hasnt gone down well with Web3 gaming creators, who say the platform is unfairly targeting them. YouTube’s new policy is a direct attack on Web3 gaming and CS skins, Gamer Leevai said in an X post. Fellow gamer Predz added, Know any Web3 creators? They need to see this. The update, which is expected to roll out on Nov. 17, expands YouTubes definition of prohibited online gaming content to cover digital goods with monetary value, including skins, cosmetics, NFTs, and other blockchain-based assets. Read more
XRP price charts are showing a hidden bullish divergence that has a history of preceding 50%-70% rallies in recent years. Key points: Hidden bullish divergence on the XRP charts can provide some respite for the bulls. Over $695 million in XRP shorts may face a squeeze if the price rebounds. Read more
Ripple’s US dollar-pegged RLUSD has entered the top 10 stablecoins by market cap, reaching $1 billion less than a year after launch. Ripple USD, a stablecoin created by XRP issuer Ripple, has surpassed $1 billion market capitalization, marking a significant milestone less than a year after its launch. Officially launched in December 2024, the Ripple USD (RLUSD) stablecoin has achieved a remarkable 1,278% year-to-date growth in market capitalization. The stablecoin first broke through the $1 billion mark on Monday, just a few days after reaching $900 million on Oct. 24, according to CoinGecko data. Read more
Extending ESMA jurisdiction to include financial markets threatens to slow innovation for crypto and fintech companies, but some policy experts see a silver lining. The European Commission’s plan to expand the authority of the European Securities and Markets Authority (ESMA) over cryptocurrency and capital markets has sparked debate across Europe, with critics warning it could stifle innovation and slow decision-making. The European Union is reportedly exploring giving the ESMA direct supervisory powers over stock exchanges and crypto service providers, potentially creating a centralized regulatory framework similar to the US Securities and Exchange Commission (SEC). The European Commission is expected to publish a draft of the plan in December. Under the existing Markets in Crypto-Assets Regulation (MiCA), which took effect for crypto asset service providers in December 2024, companies authorized in one EU member state can “passport” their licenses to operate across the 27-nation bloc. Read more
Yields and More maps out over $284 million in DeFi debt tied to Stream Finance, exposing complex loops across stablecoins and lending markets. Decentralized finance (DeFi) researchers mapped out more than $284 million in stablecoin exposure and outstanding loans linked to Stream Finance, following the protocol’s collapse. On Tuesday, a detailed post by DeFi group Yields and More (YAM) flagged dozens of lending markets and vaults, including platforms Euler, Silo, Morpho and Gearbox, that held positions connected to Stream’s synthetic assets, which include xUSD, xBTC and xETH. The data highlighted the extent of the fallout. Exposure loops involving Elixir’s deUSD, Treeve’s scUSD and other assets suggested that at least $284.9 million in overall debt is owed to lenders across various markets. This excludes indirect exposure via secondary vaults and other lending strategies. Read more
Giggle Academy, founded by Binance’s CZ, clarified that it is not behind the GIGGLE token as market swings and community confusion continue to unfold. Giggle Academy, a crypto educational project founded by Binance co-founder and former CEO Changpeng “CZ” Zhao, has renewed efforts to distance itself from the Giggle Fund token amid heightened volatility and mounting community skepticism. In a Tuesday X post, Giggle Academy clarified that GIGGLE — a newly launched token linked to the project — is not issued by the organization and is a community-initiated memecoin. “The Giggle memecoin is not an official coin launched by Giggle Academy,” CZ wrote on X on Monday, adding: “I don’t know who launched it.” Read more
Selling by long-term Bitcoin holders, capitulation by short-term holders and a weakening technical structure could fuel BTC’s price drop to $72K. Key takeaways: Long-term Bitcoin holders have sold 400,000 BTC over the past 30 days. Short-term Bitcoin holders panic-sell $3 billion in BTC at a loss. Read more
The $116 million Balancer exploit appears to have been months in the making, with the attacker utilizing Tornado Cash and advanced methods to evade detection. The onchain transactions of the exploiter behind the $116 million Balancer hack point to a sophisticated actor and extensive preparation that may have taken months to orchestrate without leaving a trace, according to new onchain analysis. The decentralized exchange (DEX) and automated market maker (AMM) Balancer was exploited for around $116 million worth of digital assets on Monday. Blockchain data shows the attacker carefully funded their account using small 0.1 Ether (ETH) deposits from cryptocurrency mixer Tornado Cash to avoid detection. Conor Grogan, director at Coinbase, said the exploiter had at least 100 ETH stored in Tornado Cash smart contracts, indicating possible links to previous hacks. Read more
The Chinese budget AI model QWEN3 was the only one to generate positive returns, while its more heavily funded competitors returned significant losses. Two Chinese artificial intelligence chatbots outperformed some of the world’s most advanced models, including OpenAI’s ChatGPT, in an autonomous cryptocurrency trading competition that ended Tuesday. Budget AI models QWEN3 MAX and DeepSeek finished first and second in the trading challenge, outpacing higher-profile and more expensive competitors. QWEN3 was the only AI chatbot to generate positive returns, making a total profit of $751 at a 7.5% return rate, while all other AI bots ended the competition in the red, according to data aggregator CoinGlass. Read more
The FTX Recovery Trust dropped a motion to limit payouts to creditors in countries including China, which holds about $380 million in claims. The bankruptcy estate of the now-defunct crypto exchange FTX has dropped its bid to limit payouts to creditors in certain “restricted foreign jurisdictions.” On Monday, the FTX Recovery Trust filed a notice withdrawing its request to implement special procedures for jurisdictions such as China, which had been flagged as potentially restricted under the confirmed bankruptcy plan. “If and when the FTX Recovery Trust seeks to renew the relief requested in the Motion, the FTX Recovery Trust shall file a motion and provide notice in accordance with the applicable rules,” the notice states, adding that the motion has been withdrawn without prejudice. Read more5759 items