Cointelegraph.com
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Cointelegraph.com - 21:42 Oct 09, 2025
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more -
Cointelegraph.com - 21:42 Oct 09, 2025
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more -
Cointelegraph.com - 21:42 Oct 09, 2025
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more -
Cointelegraph.com - 21:42 Oct 09, 2025
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more -
Cointelegraph.com - 21:42 Oct 09, 2025
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more -
Cointelegraph.com - 21:42 Oct 09, 2025
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more -
Cointelegraph.com - 21:31 Oct 09, 2025
Jack Dorsey’s payments company, Square, also announced the integration of Bitcoin payment services for businesses on Wednesday. Jack Dorsey, founder of payments company Square, has urged the introduction of a de minimis tax exemption on small Bitcoin (BTC) transactions to help make the cryptocurrency more suitable for everyday payments. “We want Bitcoin to be everyday money ASAP,” Dorsey said on Wednesday, following Square’s integration of Bitcoin payment services for merchants using the company’s checkout and point-of-sale systems. His comments drew attention from Wyoming Senator Cynthia Lummis, who introduced a de minimis tax provision as part of a standalone crypto tax bill in July, exempting BTC transactions $300 or under from capital gains tax with an annual exemption cap of $5,000. Read more -
Cointelegraph.com - 21:29 Oct 09, 2025
BNB Chain’s memecoin rally unraveled after Binance launched “Meme Rush,” exposing liquidity gaps and wallet concentration risks. Is the memecoin season over? Key takeaways: Binance’s new “Meme Rush” launchpad promotes fair launches but triggered a sell-off as traders await new launches. A single wallet controlled large token amounts, fueling manipulation concerns and steep price declines. Read more -
Cointelegraph.com - 21:09 Oct 09, 2025
The so-called Bitcoin Jesus was charged with tax evasion in April 2024, years after he renounced his US citizenship. Bitcoin advocate Roger Ver, known to many in the crypto industry as “Bitcoin Jesus,” has reportedly reached a deal with the US Department of Justice that could allow him to avoid prison time. According to a Thursday New York Times report, Ver’s lawyers reached a tentative agreement with US authorities that would require the Bitcoin (BTC) advocate to pay $48 million in taxes he owed from his crypto holdings. The Justice Department charged Ver with mail fraud and tax evasion in April 2024, seeking to extradite him from Spain to stand trial. The New York Times reported that Ver has ties with figures connected to the administration of US President Donald Trump, including hiring lawyers who previously worked for the president. He also reportedly paid $600,000 to political consultant Roger Stone, a Trump adviser, to lobby for changes to US tax laws. Read more -
Cointelegraph.com - 20:55 Oct 09, 2025
The change in rhetoric followed a US dollar-pegged stablecoin boom in 2025 due to the passage of key legislation in the United States. The European Union should foster the development of euro-denominated stablecoins to compete with US dollar-denominated tokens, according to Pierre Gramegna, the managing director of the European Stability Mechanism (ESM), an economic crisis organization for the EU. “Europe should not be dependent on US dollar-denominated stablecoins, which are currently dominating markets,” Gramegna said at Thursday’s hearing about the overall economic health of the eurozone, which included commentary on digital assets. He also said: Paschal Donohoe, the president of the Eurogroup, agreed on the need for financial innovation, but also said that the digital euro, a central bank digital currency (CBDC), could still be a net positive for commerce in the region. Read more -
Cointelegraph.com - 20:27 Oct 09, 2025
Peru’s largest bank, BCP, has launched a pilot crypto platform authorized by the national regulator, allowing select clients to buy and hold Bitcoin and USDC. Peru’s banking regulator has authorized a pilot crypto platform, marking the country’s first regulated foray into digital assets. The project, dubbed Cryptococos, will allow select clients of Banco de Crédito del Perú (BCP) to buy and hold Bitcoin and USDC under BitGo’s custody. To participate in the pilot, users must register, prove a minimum banking history with BCP, and complete an investment risk assessment before purchasing, according to Thursday’s announcement. Approved users will be able to buy and sell Bitcoin (BTC) and USDC (USDC) within a closed-loop system, meaning all transactions occur exclusively on the platform. This setup prevents transfers to external wallets and ensures “traceability and compliance with anti–money laundering and counter–terrorism financing regulations,” the companies said. Read more -
Cointelegraph.com - 19:50 Oct 09, 2025
Bitdeer boosts self-mining to stay competitive amid weak demand for rigs, joining other hardware makers turning to in-house Bitcoin operations. Bitdeer Technologies Group (BTDR), a Bitcoin mining and infrastructure company, is ramping up its self-mining operations amid weakening demand for mining rigs — highlighting how some hardware makers are shifting strategies to stay competitive during the current Bitcoin bull market. According to an Oct. 9 Bloomberg report, Bitdeer is accelerating its pivot toward mining Bitcoin (BTC) on its own equipment, effectively competing with the same clients that purchase its rigs. The report cited Bitdeer’s latest filings showing a major year-over-year expansion of its mining capacity in August and its stated goal of becoming one of the world’s top five Bitcoin miners. Read more -
Cointelegraph.com - 19:31 Oct 09, 2025
The license came eight months after the regulator granted the company in-principle approval, and a few weeks after Bybit secured a non-operational license for Dubai. Cryptocurrency exchange Bybit has secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority of the United Arab Emirates (UAE), eight months after the regulator granted the company in-principle approval. In a Thursday notice, Bybit said approval from the UAE financial regulator would allow the exchange to offer its global products and services to the region. Authorities in Austria granted the company similar licensing approval in May, and the exchange registered in India in February after briefly suspending its service and paying a $1-million fine over compliance violations. “Receiving the full Virtual Asset Platform Operator License from the SCA is a testament to Bybit’s unwavering commitment to building trust through compliance and transparency,” said Bybit co-founder and CEO Ben Zhou. “The UAE has emerged ... -
Cointelegraph.com - 19:04 Oct 09, 2025
Ethereum onchain activity tops 9.5 billion daily contract calls while the total value locked in tokenized real world assets reached $11.7 billion. Will Ether price follow? Key takeaways: Ethereum’s onchain activity is structurally higher, signaling durable growth. Institutional inflows and RWA tokenization are major catalysts for ETH demand. Read more -
Cointelegraph.com - 18:15 Oct 09, 2025
State Senator Peter Durant addressed Massachusetts lawmakers on Tuesday regarding his proposed Bitcoin reserve bill, but received no questions. Update (Oct. 9 at 7:15 pm UTC): This article has been updated to include a response from Peter Durant. A bill intended to establish a Bitcoin strategic reserve for the US state of Massachusetts received a tepid response after its first legislative action in eight months. In a Tuesday hearing of the Massachusetts legislature’s Joint Committee on Revenue, state Senator Peter Durant testified regarding the bill he sponsored, “an Act relative to a Bitcoin strategic reserve.” Read more -
Cointelegraph.com - 17:42 Oct 09, 2025
Chainalysis says $75 billion in crypto tied to illicit activity could be recoverable — a figure that may influence nations weighing official crypto reserves. As the United States and other countries weigh the prospect of building national cryptocurrency reserves, new research from Chainalysis suggests governments may already be within reach of tens of billions of dollars in potentially recoverable onchain assets — a development that could intersect with those reserve discussions. In a report published Thursday, Chainalysis estimated that crypto balances linked to illicit activity exceed $75 billion. That total includes roughly $15 billion held directly by illicit entities and more than $60 billion in wallets with downstream exposure to those entities. The blockchain analytics company said darknet market operators and vendors control more than $40 billion in crypto assets on the blockchain. Read more -
Cointelegraph.com - 17:18 Oct 09, 2025
Bitcoin risked losing $120,000 support as repeat retests caused traders to see much lower BTC price targets coming in the near future. Key points: Bitcoin risks new October lows as sellers regain control and BTC price discovery gets put on hold. Targets include the local range lows at about $108,000 amid bearish divergences. Read more -
Cointelegraph.com - 16:52 Oct 09, 2025
Precious metals have experienced record highs in 2025, making Bitcoin relatively undervalued, positioning BTC for a strong Q4 rally. Precious metals are soaring in response to the US dollar debasement, with gold hitting $4,000 per ounce and silver reaching a 45-year high of over $50 per ounce. Still, the precious metal rally may be running out of steam, paving the way for investor rotation into alternative store-of-value assets like Bitcoin (BTC) and tokenized real-world assets. Gold’s more than 50% rally so far this year — coupled with Goldman Sachs’ forecast of $4,900 per ounce by the end of 2026 — suggests the metal is “overheated,” according to Nic Puckrin, founder of the Coin Bureau education company. He said: Puckrin added that these assets all serve as hedges against fiat currency inflation and geopolitical uncertainty. Read more -
Cointelegraph.com - 16:48 Oct 09, 2025
The four-year cycle would usually end about now, but strong ETF demand, “more organic” accumulation and bullish technicals suggest BTC price can go higher for longer. Key takeaways: Strong ETF inflows and accumulation across all BTC investor groups suggest the rally is just getting started. Spot Bitcoin ETFs saw $2.2 billion in net inflows over one week — the second-largest ever. Read more -
Cointelegraph.com - 15:39 Oct 09, 2025
Bitcoin consolidated near $123,000 after an 8% leverage flush, signaling a possible new value area and setting up for a potential Q4 rally toward $150,000. Key takeaways: Bitcoin retained range-bound trading above $120,000 after an 8% leverage reset in futures. Spot demand and declining open interest point to renewed buyer confidence. Read more
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