Key Takeaways A Beijing court has sentenced five individuals for conducting $166 million in disguised foreign exchange transactions using stablecoins. The scheme involved the use of USDT to bypass China’s strict foreign exchange controls and move funds across borders. Share this article A Beijing court sentenced five individuals for conducting $166 million in disguised foreign…
Bitcoin and Ethereum hold steady as ETF flows, Fed bets, and new regulatory actions have crypto in a holding pattern. Bitcoin (BTC) and Ethereum (ETH) slipped a little in the last 24 hours, as BTC fluctuated around the mark of $115,000, and ETH around the mark of $4,160 on Tuesday. SoSoValue data shows that US…
PI’s recent volatility continues. Although most of the cryptocurrency market is slightly in the red on a daily scale, as BTC slipped to $112,000 on Tuesday evening, Pi Network’s token is back on the offensive with another double-digit surge. The asset has rebounded by more than 50% since the all-time low registered during the…
Crypto prices today are drifting lower ahead of the U.S. Federal Reserve’s policy update. Summary Crypto market cap slips 1.5% to $3.88T as BTC trades near $113,000. Traders anticipate a 0.25% rate cut, with volatility expected post-meeting. Spot BTC and ETH ETFs post strong inflows, showing steady institutional demand. The total market capitalization has slipped…
Key Takeaways French semiconductor firm Sequans Communications deposited 970 BTC worth $111 million on Coinbase Prime on Tuesday. The company announced in August its plans to stack up to 100,000 BTC by 2030. Share this article French Bitcoin treasury company Sequans Communications moved 970 Bitcoin (BTC) worth about $111 million to Coinbase Prime on Oct….
Ethereum Price successfully reclaimed $4000 two days ago. That is not a very long time, but it is a good start. Tomorrow, the Fed will announce its interest rate decision, which usually causes volatility. Polymarket participants are 98% sure that we will see a 25bps cut. Other analysts say that economic data allows for a…
Wall Street was upbeat Tuesday, with Dow Jones Industrial Average rising more than 150 points and S&P 500 and Nasdaq jumping to record highs as Nvidia and a Microsoft-OpenAI deal boosted US stocks. Summary US stocks popped to all-time peaks as investors positioned ahead of October Federal Reserve interest rate decision. S&P 500 hit new…
Key Takeaways Western Union will launch the USDPT stablecoin on Solana in 2026 to facilitate international money transfers. USDPT is backed by the US dollar and issued by Anchorage Digital Bank to reduce costs and speed up settlements. Share this article Western Union, one of the world’s largest consumer money transfer companies, plans to roll…
Since 2021, Kazakhstan is a top global hub for Bitcoin mining. The country recently created a national strategic reserve. But what could be the opportunity cost for the country if there were no regulations in place? Zhaslan Madiyev, Deputy Prime Minister – Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan took…
Whale outflows of UNI from Binance hit a three-month high. Uniswap’s native token, UNI, kicked off the month trading near $7.50 and held steady for the first couple of weeks before a sharp mid-month drop sent it below $6.50. Since then, the asset has been trying to regain its footing, mainly hovering between $6…
