The acquisition strengthens Rezolve’s partnership with Tether and expands its AI-driven digital payments network across Latin America and Africa. Smartpay, a fintech infrastructure company known for enabling stablecoin-based payments since 2019, has been acquired by Rezolve AI, a publicly listed commerce platform, in a deal that underscores the accelerating convergence between digital assets and AI-driven e-commerce. The acquisition was announced on Tuesday, though no financial terms were disclosed. Rezolve said the move will bolster its digital asset payment initiative in partnership with Tether, the issuer of the USDt (USDT) stablecoin. According to the announcement, Smartpay processed more than 19 million commercial transactions over the 12 months ending Sept. 30, representing over $1 billion in USDt value. Read more
XRP’s legal victory reshaped investor confidence, establishing it as a preferred choice for investors seeking regulated, liquid crypto assets. XRP (XRP), introduced by Ripple Labs in 2012, was designed as a fast and cost-effective digital asset for cross-border transactions. However, its growth was hindered by a 2020 lawsuit from the US Securities and Exchange Commission, which alleged that Ripple had conducted unregistered securities offerings. The multi-year case left XRP’s regulatory status uncertain, discouraging banks and funds from using its payment network. Portfolio managers viewed XRP as a high-risk asset, limiting its growth compared to other cryptocurrencies, particularly Ether (ETH). Read more
Bitcoin price momentum accelerated, with big overhead resistance at $135,000 in place and several key support levels below. Key takeaways: Bitcoin dropped to $122,500 on Tuesday, but onchain data shows no signs of an overheated market. The resistance at $135,000 remains the main BTC price barrier for now, with key support around $120,000. Read more
Grayscale staked $150 million in Ether after launching the first US crypto ETPs offering staking rewards, ahead of key SEC altcoin ETP deadlines this month. Crypto-focused asset manager Grayscale staked $150 million worth of Ether after introducing staking for its exchange-traded products (ETPs) on Monday. The asset management company staked 32,000 Ether (ETH) worth $150 million, according to blockchain data platform Lookonchain. The transfer occurred a day after Grayscale introduced staking for its Ether ETPs, making it the first US-based crypto fund issuer to offer staking-based passive income for its funds. Read more