Crypto

Ahead of his exit, New York City Mayor Eric Adams signed an executive order Tuesday to establish a crypto-focused office for the city.

Brazil’s BRLV stablecoin gives institutions a compliant way to access the country’s high bond yields amid growing global demand for real-world assets. Crown, a São Paulo-based fintech company, has raised $8.1 million to launch a Brazilian real–denominated stablecoin designed to give institutional investors access to Brazil’s high-yield fixed-income market.  The new stablecoin, called BRLV, could make it easier for global investors to tap the country’s double-digit interest rates, which are often difficult to reach due to local regulations and capital controls. BRLV is fully backed by Brazilian government bonds, which offer yields far higher than those in more mature economies.  Read more

U.S. wallets have sent 667.624 BTC after a quiet stretch; Government balances and broader Bitcoin activity have prompted analysis, as earlier sales, custody rules, and institutional flows have provided context for recent volatility. The post U.S. Government Transfers $74.6M in Bitcoin After Weeks of Dormancy – Should Traders Prepare for a BTC Dump? appeared first on Cryptonews.

Retail traders and institutions are accumulating SOL below $200, as whale activity rises and ETF anticipation fuels hopes of a renewed bullish phase. Key takeaways: 76% of retail traders are net long on Solana, a historically bullish signal. Treasury firms and institutions are accumulating SOL below $200. Read more

Crypto exchange Binance will hand out a further $400 million to crypto traders and institutional users affected by recent liquidations.

Crypto prices were down sizably on Tuesday but bounced off of their worst levels.

The Ethereum derivatives market shrank by 45%, with open interest collapsing from $33 billion to $18 billion.

A social-media firestorm erupted over allegations of a "massive, well-funded" effort to win a Trump pardon for disgraced FTX founder Sam Bankman-Fried. But the evidence of an organized campaign is thin.

Despite SOL’s rebound above $200, Solana faces slowing network activity and stronger rivals like BNB Chain and Hyperliquid. Is $300 before year-end possible? Key takeaways: SOL recovered above $200, but weak onchain activity and rising competition limit the odds of a sustainable rally. Traders show little bearish conviction, yet stagnant network growth and shifting market share keep SOL’s upside capped. Read more

Bhutan is rebuilding the core of its digital identity framework on Ethereum. The initiative, confirmed by Ethereum Foundation’s Aya Miyaguchi, is part of the Himalayan kingdom’s wider experiment with emerging technologies. It signals that blockchain, once confined to trading and tokens, is now being tested as public infrastructure. According to Miyaguchi, the move will see […] The post Can Ethereum secure a nation’s identity? Bhutan is betting on it appeared first on CryptoSlate.

The executive order creating the Office of Digital Assets and Blockchain Technology under the New York City government came three months before Eric Adams will leave office. New York City Mayor Eric Adams announced the establishment of a municipal digital assets and blockchain office in a bid to cement his crypto agenda in the final months of his term. In a Tuesday notice from the mayor’s office, Adams said he had used an executive order under his authority to create the Office of Digital Assets and Blockchain Technology. Moises Rendon, who has worked as a digital assets and blockchain policy adviser for New York City since April 2024, will head the newly established office. “Our city has always been the center of innovation, and we’re embracing the technologies of tomorrow today,” said Adams. “The age of digital assets is here, and with it comes the chance to grow our economy, attract world-class talent, expand opportunities for underbanked communities, and make government more user-friendly.” Read more

Tether’s $299.5 million Celsius settlement could ignite a debate over stablecoin accountability and the legal risks facing issuers in future crypto bankruptcies. Stablecoin issuer Tether has agreed to pay $299.5 million to the Celsius Network bankruptcy estate, resolving claims tied to the crypto lender’s 2022 collapse and potentially opening a new chapter in the debate over stablecoin liability. The Blockchain Recovery Investment Consortium (BRIC) — a joint venture between asset manager VanEck and GXD Labs, an affiliate of Atlas Grove Partners — announced the settlement on Tuesday. The recovery concludes a years-long dispute over Bitcoin (BTC) collateral transfers and liquidations that preceded Celsius’s high-profile bankruptcy in July 2022. BRIC was formed in early 2023 to help maximize creditor recoveries from bankrupt digital-asset platforms. It was appointed asset recovery manager and litigation administrator by the Celsius Debtors and the Unsecured Creditors’ Committee in January 2024, after the company...

Kenya is one step closer to regulating crypto in the country as parliament enacted the Virtual Asset Services Providers Bill.

A consortium established by the companies announced the recovery of Celsius funds tied to claims against Tether.

The US government said it would pursue forfeiture of the Bitcoin holdings tied to a Cambodia-based company if the alleged ringleader were convicted. A US federal court has unsealed a criminal indictment involving a massive cryptocurrency fraud scheme that could result in the government increasing its national Bitcoin reserves by $14 billion. In a Tuesday notice from the US Justice Department, authorities said they had filed a forfeiture complaint against 127,271 Bitcoin (BTC), worth about $14.4 billion at the time of publication. The Bitcoin was tied to an indictment against Chen Zhi, founder and chair of a Cambodia-based company that was allegedly responsible for orchestrating “pig butchering” crypto investment schemes. The US Department of the Treasury’s Office of Foreign Assets Control sanctioned Zhi’s company, the Prince Holding Group, and its affiliates on the same day the indictment was unsealed. Read more

XRP drops 18% in a week as analyst EGRAG CRYPTO rejects major exchange data, sets $1.40 as new chart baseline amid market uncertainty.

Stablecoin giant Tether has paid out almost $300 million to settle claims regarding allegedly improper Bitcoin liquidations tied to the collapse of crypto lender Celsius.

Binance announces a new recovery plan on top of the one previously initiated.

The rollout marks the second phase of Ethereum’s three-step roadmap, testing higher gas limits and the new PeerDAS data-sampling system. Ethereum’s Fusaka upgrade has been activated on the Sepolia testnet, marking the next major step in the network’s ongoing push to improve scalability and performance. The upgrade marks the second phase of a three-step rollout under Ethereum’s Fusaka roadmap, following the Holesky testnet activation on Oct. 1. The Sepolia deployment focuses on stress testing the network’s new data-availability system and higher block gas limit before developers push the code to the final Hoodi testnet later this month. Fusaka’s rollout is introducing a suite of performance and consensus improvements. The full upgrade aims to increase Ethereum’s block gas limit to 60 million, allowing blocks to process more transactions and complex smart-contract activity while testing whether nodes can maintain stability at higher capacity. Read more

90% of Binance-listed altcoins are below the long-term trend. Historically, these zones have led to sharp short-term rebounds.