Crypto

Bitcoin disappointed with an apparent failed breakout above $90,000 after gold soared to fresh highs and US dollar strength nosedived. Bitcoin (BTC) attempted a rebound past $90,000 at Wednesday’s Wall Street open as markets awaited US macro cues. Key points: Bitcoin struggles to hold a $90,000 uptick as gold surges and US dollar strength crumbles. Read more

Fidelity will issue a stablecoin through its newly approved national trust bank, signaling deeper institutional use of blockchain-based payment infrastructure. Fidelity Investments plans to launch a new stablecoin next month, marking a logical next step for the asset manager as it expands its digital-asset infrastructure following conditional approval for a national trust bank from the Office of the Comptroller of the Currency. Bloomberg reported Wednesday that the Fidelity Digital Dollar, or FIDD, will be issued by Fidelity Digital Assets, National Association, the national trust bank approved by US regulators in December.  Fidelity Digital Assets president Mike O’Reilly told the publication that stablecoins could “serve as foundational payment and settlement services,” citing benefits such as real-time settlement and round-the-clock availability. Read more

The bank argued that legislative momentum remains strong as industry heavyweights prioritize long-term regulatory certainty over unpredictable enforcement.

Plus: Solana’s latest phase, OP token buybacks and EF post-quantum security team.

It’s no secret that bitcoin’s infrastructure has historically been centered around miners, full nodes, and base-layer settlement. This model has managed to prove itself as very durable. At the same time, though, when it comes to transactional throughput, there are some clear constraints. As the adoption of Bitcoin accelerates beyond long-term holding and settlement, discussions […]

Vlad Tenev blamed the buying halt on its app in 2021 on bad infrastructure, a problem that he says tokenization would solve.

"Massive November pump, then straight off a cliff. Classic rug vibes," one X user argued.

BlackRock is moving deeper into the “Bitcoin as a portfolio sleeve” trade, this time by packaging the flagship digital asset's inherent volatility into distributable income. On Jan. 23, the $14 trillion asset management firm filed a registration statement for the iShares Bitcoin Premium Income ETF. This is a fund designed to track BTC's price (via […] The post BlackRock is cannibalizing Bitcoin gains for “income” in a move that could leave retail investors behind during rallies appeared first on CryptoSlate.

A former Jagex employee allegedly stole over 700 billion virtual gold pieces and sold them for almost $750,000 in crypto and fiat.

VIENNA, Austria, Jan 28— KuCoin, a leading global crypto platform built on trust, today announced a strategic partnership with world-class cyclist Tadej Pogačar. The collaboration was officially unveiled in Vienna and marks the first time a top-tier global crypto exchange and a world-class professional cyclist have come together in a value-driven, trust-led partnership.Built around the […] The post KuCoin Partners with Tadej Pogačar in One of the Few Value-Driven Collaborations Between Crypto and Elite Cycling appeared first on Cryptonews.

Citadel, SIFMA, and JPMorgan met with the SEC on Tuesday to raise concerns about the agency’s aggressively pro-crypto agenda.

HYPE has entered a classic breakout stage after its onchain activity exploded, with a 45% price rally to $50 next in the cards. Hyperliquid's native token, HYPE (HYPE), is up 23% over the last 24 hours to trade at $33, significantly outperforming other top-cap cryptocurrencies. The altcoin has gained 58% over the last three days to an eight-week high of $34.50 as commodities trading on Hyperliquid surged to new highs. Key takeaways: HYPE has surged over 57% in 72 hours, driven by high commodities trading on Hyperliquid HIP-3 DEXs. Read more

The offering of SATA shares was oversubscribed and upsized from the initial $150 million target.

Wall Street giant Fidelity will enter the stablecoin world with the upcoming launch of its Ethereum-based Digital Dollar (FIDD).

The bill by State Representative Logan Manhart seeks to allocate as much as 10% of the state’s investment funds to the cryptocurrency.

Binance founder Changpeng Zhao (CZ) responded to criticism over his “buy and hold” tweet, explaining that he was emphasizing long-term crypto adoption rather than market manipulation. The post Binance Founder CZ Fires Back at FUD Over ‘Buy and Hold’ Tweet — Here’s What He Really Meant appeared first on Cryptonews.

Founders Fund and Galaxy-backed Citrea is aiming to unlock Bitcoin-denominated credit markets with a new mainnet and a Treasury-backed stablecoin designed for USD settlement.

"A total crash to exactly $0 would require extreme, project-ending events, which are not clearly in place right now," ChatGPT stated.

Banks warn stablecoins could siphon deposits from the banking system, but policy and regulatory experts say there’s little evidence of it happening yet. Banks warn that stablecoins, especially those paying yield, could pull deposits out of the banking system, but policy and finance experts say there’s little evidence of that so far. Major US bank Standard Chartered recently estimated in a research note that increasing stablecoin adoption could drain bank deposits. The report estimates “that US bank deposits will decrease by one-third of stablecoin market cap,” which stood at $308.15 billion at time of writing, according to DeFiLlama data. The debate has intensified as US lawmakers weigh whether to prohibit interest on stablecoin holdings under a proposed version of the crypto market structure bill, or CLARITY Act, which has been delayed by protests from inside the crypto industry despite banking sector support. Read more

Fidelity has said its FIDD stablecoin will roll out in coming weeks, letting customers buy or redeem at $1 and send tokens to any Ethereum address. The firm has tied the rollout to U.S. rules after the GENIUS Act, as stablecoins have passed $316B in value. It will post daily supply and reserve data. The post Fidelity to Launch First Stablecoin, Fidelity Digital Dollar (FIDD) – A New Era for Investors? appeared first on Cryptonews.