Crypto

The FCA has begun a High Court case against HTX, citing alleged FSMA breaches linked to crypto promotions directed at UK consumers, as the regulator advances consultations on governance and financial crime controls. The post FCA Moves Against HTX in London Over Illegal Crypto Promotions – Warning to Other Exchanges appeared first on Cryptonews.

BNB set an all-time high earlier this month.

FINTRAC has fined Xeltox Enterprises, parent of Cryptomus, $176,960,190 for non-compliance after 1,068 missed suspicious reports and 1,518 unreported virtual-currency transactions in July 2024, citing links to child sexual abuse material, fraud, ransomware and sanctions evasion. The post Cryptomus’ Xeltox Enterprises Fined $177 Million By Canadian Regulator appeared first on Cryptonews.

Google’s Willow processor achieved a verified quantum speed-up, vastly outpacing classical supercomputers—and raising concerns for Bitcoin.

The company's digital asset holdings were valued at $1.315 billion as of Sept. 30 versus $1.235 billion three months earlier.

Hong Kong has approved the city’s first spot Solana ETF, a move that positions it once again at the front of regulated digital asset access in Asia. The product, launched by ChinaAMC, the Hong Kong arm of Chinese fund manager China Asset Management, begins trading on Oct. 27 across HKD, USD, and RMB counters on […] The post Hong Kong’s first spot Solana ETF goes live – what it means for flows appeared first on CryptoSlate.

Google's Willow quantum computer processor was able to map out the features of a molecule 13,000 times faster than a modern supercomputer. Researchers at tech giant Google said they mapped out the structure of a molecule 13,000 times faster than the most powerful “supercomputers” available today, achieving the first verifiable quantum advantage. The experiment used Google’s Willow Quantum processor and “quantum echoes,” a technique that uses targeted waves to image an object in detail, according to Google. The technique targets a single qubit, the basic unit of information storage in quantum computing, with a precise signal, causing it to react. The process is then reversed, allowing the researchers to measure the “echo” or signal that bounces back, Google said. Read more

Kraken has also handed all its employees a special one-off bonus, according to the sources.

Experts say a rally is possible, although crypto markets could also retreat, despite Tuesday's massive inflows into spot BTC and ETH ETFs.

Bitcoin is at a crucial juncture because a daily close below the $107,000 support clears the path for a drop to the psychological level of $100,000. Key points: Bitcoin bulls are attempting to sustain the price above $107,000, but the bears have continued to exert selling pressure. The recovery in most major altcoins has fizzled out, indicating that the bears continue to sell on minor rallies. Read more

Joshua Armbrust mined $5,895 in Ethereum using his former employer's AWS account, but escaped jail time with three-year probation.

Wallets tied to Chen Zhi, who was charged last week by the U.S. government over an alleged $14 billion crypto scam, moved nearly $2 billion worth of BTC on Wednesday.

A new a16z report finds that stablecoins now account for over 1% of US dollars in circulation as institutions and fintechs get involved. The cryptocurrency market in 2025 is increasingly being shaped by institutional adoption and the rise of stablecoins, underscoring rapid advances in blockchain technology capable of supporting broader mainstream use, according to venture capital firm Andreessen Horowitz (a16z). In its latest State of Crypto report, a16z highlighted the growing involvement of traditional financial giants such as BlackRock, Visa, Fidelity and JPMorgan Chase, alongside fintech companies like Stripe, PayPal and Robinhood, all of which are expanding their presence in the digital asset space. Part of this growth is being driven by improvements in underlying blockchain infrastructure, with some networks now processing over 3,400 transactions per second, a more than 100-fold increase in throughput over the past five years. Read more

Wall Street’s biggest balance sheets are quietly rebuilding the crypto stack under the banner of tokenization and custody. What began as a defensive stance toward digital assets is turning into an infrastructure shift: bringing fund administration, cash management, and settlement onto blockchain rails that look more like BNY Mellon’s LiquidityDirect platform than a typical crypto […] The post $8.3B real world assets now on-chain: Can tokenization make banks top crypto custodians? appeared first on CryptoSlate.

The Ethereum Foundation’s treasury went on the move Tuesday—here’s why the organization sent 160K ETH to a different wallet.

Applied DNA’s $27 million deal and CEA’s 500,000 BNB milestone highlight a growing trend of public companies adding Binance’s native token to their balance sheets. Publicly traded companies are increasingly accumulating BNB, the native token of Binance’s layer-1 blockchain BNB Chain. On Wednesday, shares of biotech firm Applied DNA Sciences jumped over 50% during the trading day, after the company revealed the purchase of 4,908 BNB (BNB) tokens valued at roughly $5.3 million. The announcement followed the close of a $27 million private investment in public equity (PIPE) backed by institutional DeFi and TradFi investors. Read more

Fed Governor Chris Waller’s payments account proposal would let the private sector innovate at the front end and keep the Fed as the trusted settlement layer behind it, argues Digital Self Labs’ Linda Jeng.

The Fed has described a capped “payment account” that would offer basic access to Fedwire and ACH without interest, overdrafts, or emergency lending, framing it as a payments tool that could reduce reliance on intermediaries for eligible firms, including stablecoin issuers. The post The Fed’s New Account Could Let Crypto Into the System – Here’s What Traders Need to Know appeared first on Cryptonews.

Several top crypto executives met with senators to hash out next steps on moving forward with the bill that would regulate U.S. crypto markets.

Max Branzburg said the new card is now open to U.S. users who are members of Coinbase One, offering up to 4% back in bitcoin on every purchase.