Introduced in October 2020, Europe’s digital euro may not launch until 2029, according to ECB Executive Board member Piero Cipollone. The digital euro, the European Union’s long-planned central bank digital currency (CBDC) project, is facing delays, with its launch now expected around mid-2029. The EU’s digital euro could become a reality in 2029, European Central Bank Executive Board member Piero Cipollone said in a Bloomberg Future of Finance event Tuesday in Frankfurt. “The middle of 2029 could be a fair assessment,” he said, adding that the ECB has been actively discussing the project at the level of EU member states. Read more
Growing Wall Street crypto adoption and agentic AI platforms may catalyze a “supercycle” for Ethereum, according to BitMine, the largest corporate holder of Ether. Update Sept. 24, 1:07 p.m. UTC: This article has been updated to include quotes from Nicolai Sondergaard, research analyst at crypto intelligence platform Nansen. The cryptocurrency market may experience its first extended cycle due to more institutional capital and trading products in the Web3 industry, making digital asset investments more accessible. Some investors predict a crypto “supercycle” that may invalidate the theory of the four-year crypto market cycle related to the Bitcoin (BTC) halving, and see digital asset valuation rise beyond this historic time frame. Read more
Kraken committed $2 million to Freedom Fund PAC and America First Digital, citing a need to defend crypto users’ rights in the US. Crypto exchange Kraken pledged $2 million to two politically aligned groups as part of what it calls an ongoing battle to defend core crypto freedoms in the US. In a Tuesday post on X, Kraken Co-CEO Arjun Sethi announced that the exchange will donate $1 million to the Freedom Fund PAC and increase its 2025 commitment to America First Digital to $1 million. “The fight for crypto in the United States is far from over,” Sethi wrote. He warned that crypto’s foundational rights, like self-custody and decentralized access, remain under threat from “regulatory uncertainty,” bans on privacy tools and efforts to criminalize infrastructure. Read more
Bitcoin whale distribution and a weakening technical structure could push BTC price into an extended sell-off toward $100,000. Key takeaways: Bitcoin whales have sold 147,000 BTC over the past 30 days. BTC price bear flag targets $100,000 if support breaks. Read more
FearsOff CEO Marwan Hachem told Cointelegraph that it was risky to keep too much centralized control in projects that “claim to be decentralized.” Decentralized social platform UXLink said on Wednesday it was deploying a new Ethereum contract after a multisignature wallet exploit allowed attackers to mint billions of unauthorized tokens and crash the value of its native asset. UXLink said its new smart contract had passed a security audit and would be deployed on the Ethereum mainnet. The project said the new contract dropped the mint-burn function to prevent any similar incidents in the future. The project confirmed the breach on Tuesday, saying that a significant amount of crypto was transferred to exchanges. Estimates of the losses from the hack vary, with Cyvers Alerts estimating it saw at least $11 million stolen, and Hacken placing the figure at more than $30 million. Read more
The Ethereum co-founder warned that closed systems breed abuse and monopolies, urging open-source, verifiable infrastructure for healthcare, finance and voting. Ethereum co-founder Vitalik Buterin called for open-source, verifiable infrastructure across critical sectors, including healthcare, finance and governance, warning that centralized systems risk eroding trust and security. In a Wednesday blog post, Buterin argued that as digital infrastructure becomes embedded in everyday life, relying on closed, opaque systems increases the danger of abuse and monopolization. “The civilizations that gained the most from new waves of technology are not the ones who consumed the technology, but the ones who produced it,” Buterin wrote, adding that “openness and verifiability can fight against global balkanization.” Read more
US Commodity Futures Trading Commission acting chair Caroline Pham said her agency is looking to allow derivatives traders to post stablecoins and tokenized assets as collateral. The US Commodity Futures Trading Commission is looking to allow tokenized assets, including stablecoins, to be used in derivatives markets as collateral in a move supported by crypto executives. CFTC acting chair Caroline Pham said on Tuesday that her agency will “work closely with stakeholders” on the scheme and is encouraging feedback on using tokenized collateral in derivatives markets until Oct. 20. If implemented, stablecoins like USDC (USDC) and Tether (USDT) would be treated similarly to traditional collateral like cash or US Treasurys in regulated derivatives trading. Congress passed laws earlier this year regulating stablecoins, which have seen their adoption grow among financial institutions. Read more
Ian Calderon, a former California lawmaker and Bitcoiner, started his campaign for California governor as a long shot among several established candidates. Former California Assemblymember and Bitcoin advocate Ian Calderon has kicked off his campaign for California governor in 2026, entering a crowded and competitive race to replace Gavin Newsom. Calderon confirmed his bid for governor in a post to X on Tuesday, centering most of his promises around affordable homes, groceries and gas while positioning himself as a Bitcoin (BTC) proponent. “My generation pays bills on our phones, we send money to each other with Venmo and we save in Bitcoin — but the people running our government, they’re trying to use yesterday’s ideas to solve today’s problems, and it isn’t working,” he said. Read more