Crypto

The warning comes after AnchorX, a Hong Kong-based firm, announced a stablecoin called AxCNH, pegged to the offshore Chinese yuan.

The Hong Kong company is scaling stablecoin-powered cards, wallets and payout services with backing from Coinbase Ventures, Galaxy and Vertex.

Ethena’s synthetic dollar protocol draws backing from UAE-based M2 Holdings affiliate

Ether's price decline was part of a broader market downturn amid concerns of a potential U.S. government shutdown.

The banks involved in the new euro-denominated stablecoin are: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International.

The board's decision follows months of preparation that began in April with LaRose and Treasurer Sprague's initial proposal.

Experts note that while Bitcoin is caught between macro headwinds, August's Core PCE data serves as a possible key near-term catalyst.

The Philippines has launched a blockchain system to track public works spending following protests over corruption.

FalconX has launched the first forwards market tied to Ethereum staking yields, giving institutions a way to hedge the network’s native rate.

Australia has released draft legislation to create new crypto products, bringing the crypto companies under the same rules as financial services businesses. Australia is aiming to tighten regulations around crypto service providers, with draft legislation that would extend finance sector laws to crypto exchanges. Assistant Treasurer Daniel Mulino told a crypto conference on Thursday that the legislation is “the cornerstone of our digital asset roadmap,” which the Albanese Government released in March. “This is a preliminary version of the legislation, and we are seeking stakeholder feedback on its effectiveness and clarity before proceeding further,” he said. Read more

A Coinbase executive and three other crypto tax and policy specialists will meet with the Senate Finance Committee next Wednesday to discuss digital asset tax matters. A US Senate committee is set to hold a hearing next week to discuss how digital assets should be taxed — seemingly in line with the White House’s crypto report released in July. The hearing will be led by the Finance Committee’s chair, Mike Crapo, on Wednesday, with Coinbase vice president of tax Lawrence Zlatkin and Coin Center policy director Jason Somensatto to testify, according to the notice released on Wednesday. It falls in line with the White House Digital Asset Working Group’s crypto recommendations in July, which called on lawmakers to recognize crypto as a new asset class and tailor existing tax rules for securities and commodities to digital assets. Read more

Bitcoin critic Peter Schiff has declared that BTC is in a bear market, citing a 20% drop against gold since its August peak.

The new project will automate stacked indoor farming and share revenues with token holders through NFTs on the peaq network.

The South Korean Democratic Party (DP) says it has launched a new crypto policy-making task force, vowing to “foster growth” in the crypto and blockchain sectors. The post South Korean Ruling Party Launches Crypto Policy-Forming Task Force appeared first on Cryptonews.

Senators Elizabeth Warren (D-MA) and Elissa Slotkin (D-NY) are pushing three key oversight officials to probe key Trump administration officials connected to U.S. President Donald Trump’s World Liberty Financial, a September 24 letter from the two U.S. lawmakers reads.Senators Push For ProbeAccording to the Wednesday letter, Slotkin and Warren want a probe launched into David […] The post  Senators Call For Probe Into Top Trump Administration Officials, appeared first on Cryptonews.

The traditional four-year crypto cycle appears to be broken, as institutional adoption through exchange-traded funds, real-world asset tokenization, and stablecoin infrastructure reshapes market conditions. In a Sept. 24 report, the analyst identified as Ignas noted that the launch of Bitcoin (BTC) and Ethereum (ETH) ETFs in 2024 marked a watershed moment, with crypto ETFs leading […] The post ETFs, RWAs, stablecoins ended traditional four-year cycle and alt seasons appeared first on CryptoSlate.

Google’s DORA survey found developers were hooked on AI coding tools yet treated their output like junk mail.

Australia’s draft bill extends financial services laws to crypto, aiming to boost safeguards and provide clearer rules.

Binance-backing has sent Aster on a parabolic run – Aster price predictions keep climbing with momentum showing no signs of slowing. The post Aster Price Prediction: Binance-Backed ASTER Goes Parabolic – How Fast Can You 2x Your Money? appeared first on Cryptonews.

Market maker GSR included a proposal for the treasury-focused fund along with four others in a filing Wednesday.