Crypto

Venezuela turns to USDT as hyperinflation bites, with merchants pegging prices to Binance P2P dollar rates. With inflation at 229%, daily prices in Venezuela are set in USDT “Binance dollars,” usually at live P2P rates. Three dollar rates exist (official, parallel and P2P), but merchants mostly follow the P2P quote. The government tolerates dollar-backed crypto in exchanges, though it hasn’t legalized dollarization. Read more

Stop reacting, start predicting: How AI spots whale moves that can make or break the market before anyone else notices. AI can process massive onchain data sets instantly, flagging transactions that surpass predefined thresholds. Connecting to a blockchain API allows real-time monitoring of high-value transactions to create a personalized whale feed. Clustering algorithms group wallets by behavioral patterns, highlighting accumulation, distribution or exchange activity. Read more

Amid Wall Street anxieties about the state of the government, Bitcoin continued to rally Wednesday and gold soared to a new all-time high.

Crypto comedian Gabriel Haines, who posts shirtless rants on X, said that he has raised $150,000 to film a show inspired by the saga of ill-fated meme coin Libra.

In an interview with CoinDesk, OpenSea’s Adam Hollander shares about the platform's revamp plans.

An astronomical rise to $20 or a price correction: what Q4 has to offer for XRP?

SBI Crypto, a subsidiary of Japan’s SBI Group, has reportedly suffered a $21 million exploit with blockchain sleuths pointing to possible ties with North Korean hackers.

PEPE's price is now supported near $0.00000900, with resistance around $0.000009681, and open interest for PEPE futures has risen to near $600 million.

Also: Denials of Bitcoin Hard Fork, UN Experiments With Blockchain, and Gate Rolls Out Token Launcher.

SOL, DOGE, and ADA surge past the broader market as crypto traders shrug off the U.S. government shutdown and Bitcoin tops $117K.

Bank of England Governor Andrew Bailey said stablecoins could thrive in a system that separates money from credit, reducing the UK’s reliance on commercial banks. Bank of England (BoE) Governor Andrew Bailey suggested that stablecoins could reduce the United Kingdom’s reliance on commercial banks, signaling a potential shift in the central bank’s stance toward digital assets. In a Wednesday article in the Financial Times, Bailey said that the current financial system combines money and credit creation through fractional reserve banking, in which banks hold a portion of deposits while lending out the rest. Fractional reserve banking is a system in which banks hold only a fraction of customer deposits in reserve and lend out the rest, thereby creating new money through credit expansion. “Most of the assets backing commercial bank money are not risk-free: they are loans to individuals and to companies,” Bailey wrote in the FT. “The system does not have to be organised like this.“ Read more

The firm's analysts said Fed rate cuts and regulatory momentum support digital assets, though slowing growth and political roadblocks could weigh on valuations.

The Trump administration has withdrawn former commissioner Brian Quintenz's nomination for CFTC chair, leaving the space once again vacant.

For years, CME’s crypto business was a one-asset story: Bitcoin, backed by its liquid futures market, and since 2022, a growing options market. The introduction of Ethereum futures diversified its crypto offering, but it still remained tied to the market’s largest asset. That narrative changed when it launched XRP and Solana futures. In just months, […] The post With $1B in open interest XRP and Solana are the new institutional trades appeared first on CryptoSlate.

The hack involved phishing links promoting a fake memecoin, but the BNB community responded by buying the token en masse after the hacker dumped it.

The US Senate Finance Committee is holding a hearing on Wednesday on crypto asset taxation, following the IRS’s release of relief guidance on the Biden-era CAMT tax. The US Senate Finance Committee will hold a hearing Wednesday on cryptocurrency taxation, a day after the Treasury Department and Internal Revenue Service (IRS) issued interim guidance easing corporate crypto tax rules. The Treasury and IRS on Tuesday issued interim guidance aimed at easing compliance under the Corporate Alternative Minimum Tax (CAMT), including for companies operating in the digital assets sector. Signed into law under former President Joe Biden as part of the Inflation Reduction Act of 2022, CAMT imposes a 15% minimum tax on the financial statement income of large corporations. Read more

ETH price could rally to new all-time highs above $10,000, fueled by renewed institutional demand through Ethereum ETFs and treasury companies. Key takeaways: An ETH price bull flag is in play on the weekly chart, targeting $10,000. Ether ETFs recorded inflows for two straight days totaling $674 million. Read more

The first US government shutdown since 2018 may signal the next crypto market bottom, despite concerns over mixed equity market reactions, analysts told Cointelegraph. The United States government entered its first shutdown in six years on Wednesday, a political standoff that coincided with a rise in Bitcoin and gold as investors sought safe-haven assets. The US government is experiencing its first shutdown since the 35-day closure in December 2018, stemming from deep partisan divisions that have made Congress unable to pass a key funding bill needed for the 2026 fiscal year. The main dispute stems from a temporary funding measure, known as a continuing resolution. The Republicans advanced the CR without additional policy changes requested by Democratic Party members, led by Senator Chuck Schumer, who demanded a permanent extension of Affordable Care Act tax credits, which they said would prevent millions from losing healthcare coverage. Read more

House Republicans have launched a probe after the Inspector General found "avoidable errors" wiped nearly a year of Gensler's text messages.

Former trader Josh Mandell claims quantum computers are draining old Bitcoin wallets. Experts disagree — here’s what the technology can (and can’t) do. Bitcoin was built on the principle that once funds are secured by a private key, only the holder can access them. But what if that assumption no longer holds? In what was reportedly a now-deleted post on X, former Wall Street trader Josh Mandell alleged that quantum computers are being used to siphon Bitcoin (BTC) from long-dormant wallets — especially those of owners presumed inactive or deceased. Read more