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The lawsuit alleged that Tether froze USDt funds in a Conduit wallet tied to an investigation launched by Brazilian authorities in 2024. Cross-border payments platform Conduit Technology alleged that stablecoin issuer Tether froze $2.76 million in USDt (USDT) without explanation in September 2025. In a complaint filed in the US District Court for the Southern District of New York on Monday, Conduit said that Tether froze funds belonging to the company to which it had “no legal entitlement” and “no claim.” The company said it began holding USDt as part of its digital treasury wallet in May 2025, alleging that Tether froze all $2.76 million of the stablecoin in September with “no justification” — an action Conduit claimed “materially impacted its business.” “The funds are unequivocally Conduit’s, but Tether has taken them and is denying Conduit access to them,” alleged Conduit in the complaint, adding: “Tether is not allowed to take money from businesses just because they chose to store that money in Tether’s c...
The proposed fund would hold ZEC directly, with Gemini Trust serving as custodian and Winklevoss Capital affiliates eyeing up to a $100 million investment. A Winklevoss-backed exchange-traded fund (ETF) seeking to track Zcash’s price has filed a registration statement with the US Securities and Exchange Commission (SEC). The proposed Winklevoss Zcash ETF would hold ZEC directly and seek to list on the Nasdaq Stock Market under the ticker WINK, according to the filing. Winklevoss Asset Services would sponsor the fund, while its affiliate Gemini Trust Company would custody the ETF’s ZEC holdings. The fund would charge an annual sponsor fee of 0.25% and would not use leverage or derivatives to achieve its investment objective. Read more
The DIGIT pilot will test distributed ledger technology and onchain settlement for UK sovereign debt, with issuance expected by the first quarter of 2027. The UK government has appointed six major banks to lead the issuance of its first digitally native government bond, with the pilot expected by the first quarter of 2027. Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets were named joint lead managers for the Digital Gilt Instrument (DIGIT) following a competitive procurement process. Economic Secretary to the Treasury Lucy Rigby announced the appointments Tuesday during a keynote at UK Digital Assets Week. The banks will provide underwriting, investor engagement and distribution services for the pilot issuance. Read more
The digital ruble’s early uptake comes as BRICS nations explore linking their digital currencies for cross-border trade and payments. Early adoption of Russia’s central bank digital currency, the digital ruble, has vastly exceeded forecasts, with more than 220,000 accounts opened in its first month, offering an early test of whether CBDCs can move beyond pilot programs and gain real-world adoption. As Reuters reported Tuesday, Russian central bank Deputy Governor Zulfiya Kakhrumanova said the figure far exceeded the roughly 60,000 accounts officials had expected following the CBDC’s Sept. 1 launch. The rollout comes as BRICS, the bloc of major emerging economies that includes Russia, China and India, explores ways to link members’ CBDCs for cross-border payments. As Reuters reported, Russia accelerated development of the digital ruble after Western sanctions imposed over the war in Ukraine cut the country off from parts of the global financial system and complicated payments with major trading partners, inclu...
The No Betting on Your Own Race Act will not be addressed before the 2026 US midterms as Congress is on recess until after the election. A North Carolina lawmaker has introduced legislation aimed at blocking politicians from using prediction market platforms to potentially profit on their own elections. On Monday, Representative Don Davis introduced the No Betting on Your Own Race Act, prohibiting federal candidates, their campaigns, their spouses and children from “buying, selling, acquiring, disposing of, or holding contracts” related to their elections. Davis said that the legislation was designed to prevent market interference, insider trading and lawmakers from “cashing in” on elections, with a proposed $10,000 civil penalty for each violation or three times any potential financial windfall. Although the text of the bill did not explicitly mention prediction market platforms like Kalshi and Polymarket, it referred to “political event contracts,” signaling that the legislation targeted activities through ...
Most affluent investors across seven countries own and are increasing their crypto holdings despite financial advisers who remain overly cautious about digital assets. A majority of affluent investors across seven of the biggest economies hold digital assets, with crypto accounting for around 10% of their portfolios on average, according to a new CoinShares survey. The survey covered 2,230 investors with at least $500,000 in investable assets across the US, UK, France, Germany, Italy, Sweden and Switzerland. Digital asset ownership ranged from 54% in Sweden to about 70% in the US, UK, Germany and Switzerland. At least 85% of current digital asset investors in five of the seven countries said they planned to increase their exposure in 2026, with as much as 91% in the US, UK and Germany. Read more
Bitcoin price action was kept in check by overhead ask liquidity while US stocks broke out to new all-time highs. Bitcoin (BTC) continued to circle $86,000 on Tuesday as US stock markets hit fresh all-time highs. Key points: Read more
The LG CNS partnership gives Securitize a foothold as the Seoul prepares new rules for tokenized stocks, bonds and funds beginning in February 2027. Shares of tokenization platform Securitize rallied sharply on Tuesday after the company announced a partnership with South Korean technology company LG CNS as the country prepares to introduce a new framework for tokenized securities. Securitize (SECZ) rose nearly 8% in early Tuesday trading to around $12.60, outperforming most major crypto-linked stocks, before pulling back later in the morning. The company began trading on the New York Stock Exchange in July after completing its merger with special purpose acquisition company Cantor Equity Partners II. Read more
A ECB executive board member said the potential introduction of a digital euro ”would not to take over the role of banks,” but ensure they have a role in the EU’s monetary system. A member of the European Central Bank’s (ECB) executive board has warned that other entities could provide alternatives without the central bank’s introduction of a digital euro, potentially weakening Europe’s “resilience and monetary sovereignty.” ECB executive board member Piero Cipollone said on a Monday MNI Connect Webcast that without a “pan-European digital payment solution that caters to every type of day-to-day transaction,” the potential for fragmentation could increase across tokenization platforms. He said that the central bank’s goal should be to create a digital euro exchangeable across banks for day-to-day transactions. “Our objective is not to take over the role of banks,” said Cipollone. “On the contrary, the digital euro would equip banks with the infrastructure they need to compete in the digital age and help them ...
Ripple Prime will provide prime brokerage, clearing and financing services to funds managed by the $35 billion alternative investment manager. Ripple Prime will provide multi-asset prime brokerage, clearing and financing services to funds managed by Brevan Howard, a global investment manager with about $35 billion in assets. Under the expanded agreement, Brevan Howard will gain access to Ripple Prime’s services across traditional and digital asset markets, according to a Tuesday announcement. The deal builds on an existing relationship between the firms. Brevan Howard-affiliated funds participated in a $500 million investment in Ripple in 2025 that valued the company at $40 billion. Read more
Sepolia marks one of the final major rehearsals before the final activation of Glamsterdam, aimed at bringing more efficiency and scalability to the Ethereum mainnet. Ethereum’s Glamsterdam upgrade has gone live on the Sepolia testnet, in one of the final major rehearsals before its mainnet activation. Glamsterdam went live on Sepolia on Tuesday at 1:53 pm UTC, Ethereum community contributor Pooja Ranjan announced in an X post. The upgrade aims to advance Ethereum’s layer-1 scaling roadmap with enshrined proposer-builder separation, block-level access lists and changes to gas pricing that better reflect the cost of execution, the Ethereum Foundation announced in a Sept. 28 blog post. Read more
OKX raised an undisclosed amount at a $25 billion valuation as an extension to March’s investment round led by the parent company of the New York Stock Exchange. Cryptocurrency exchange OKX raised an undisclosed sum at a $25 billion valuation from its existing partners and investors. The round saw participation from Standard Chartered’s SC Ventures investment arm, Qube Research & Technologies, Ripple and stablecoin issuer Circle, OKX announced in a Tuesday press announcement shared with Cointelegraph. OKX declined to disclose the size of the investment round. Read more
Real Vision founder Raoul Pal says a pause in the AI stock rally could help crypto attract capital, while AI agents are likely to boost Ethereum and Solana adoption. A weakening US dollar could give crypto the “green light” and help extend the industry’s rally, says Real Vision founder Raoul Pal. He tells Cointelegraph on the latest episode of Trade Secrets that higher bond yields and the strong dollar are keeping liquidity from flowing freely. “If they can engineer the dollar lower, then we get a green light for further movement in crypto,” he says. “I don’t want to get overly excited, so I haven’t got a full green light on everything.” Read more
Real Vision founder Raoul Pal says a pause in the AI stock rally could help crypto attract capital, while AI agents are likely to boost Ethereum and Solana adoption. A weakening US dollar could give crypto the “green light” and help extend the industry’s rally, says Real Vision founder Raoul Pal. He tells Cointelegraph on the latest episode of Trade Secrets that higher bond yields and the strong dollar are keeping liquidity from flowing freely. “If they can engineer the dollar lower, then we get a green light for further movement in crypto,” he says. “I don’t want to get overly excited, so I haven’t got a full green light on everything.” Read more
Paxos’ USDG stablecoin is now live on Arbitrum as the network proposes 100 million ARB in incentives to support adoption and liquidity. Paxos-issued stablecoin Global Dollar (USDG) has launched on Arbitrum as the blockchain joins the Global Dollar Network. According to an announcement shared with Cointelegraph, USDG is natively issued on Arbitrum One, with integrations across decentralized finance protocols including Fluid, Morpho, GMX and Maple. Kraken will support deposits and withdrawals, while Stargate will enable transfers between Arbitrum and other blockchains. A proposal submitted to the ArbitrumDAO would make USDG growth a strategic objective and add 100 million ARB to an incentive program to increase adoption. The proposal also calls for deploying Arbitrum treasury assets to support USDG liquidity, while businesses integrating the stablecoin can apply for support from the Arbitrum Foundation. Read more
US crypto rules could be vulnerable to political change after the midterms. Former New York Gov. Andrew Cuomo argues Congress needs to pass durable, bipartisan legislation. Opinion by Andrew M. Cuomo, former governor of New York The digital asset revolution is here, and it’s already transforming our financial system. We’re no longer questioning if it will continue to develop. It will. The issue is whether the United States will establish clear, durable rules for it to develop here. Read more
Polymarket begins its Protocol V2 rollout ahead of a planned November transition for new prediction markets, while existing positions remain on the current system. Prediction market platform Polymarket is rebuilding its smart contract infrastructure, laying the groundwork for new market features and potential expansion beyond Polygon. Polymarket began rolling out Protocol V2 on Monday, introducing a new smart contract system designed to support different market types through a single exchange, according to an X post by Rajath Alex, the company’s head of protocol. The platform is testing the system on a limited number of live markets through Oct. 30, with a tentative Nov. 2 target for switching new markets to V2. Read more
Hong Kong regulators plan to establish a licensing regime for four categories, including digital asset trading, custody, advisory and management services. The Hong Kong government reaffirmed its plans to submit an amendment bill before the end of 2026 to establish licensing regimes for digital asset trading, custody, advisory and management services as part of its broader crypto licensing bill. Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, told a Monday policy briefing that the government will submit an amendment bill “within this year” to establish a broader framework for digital asset activities, according to a statement released by the Hong Kong government. The secretary said the amendment bill covering the four categories will come in response to the “innovative developments” in financial technology. Read more
Binance BTC reserves fell by nearly 40,000 coins since Sept. 20 as whales returned stablecoin capital to their exchange wallets. Bitcoin (BTC) outflows from largest crypto exchange Binance set multiyear records in late September, new analysis reveals. Key points: Read more
Ondo’s tokenized notes will give eligible investors exposure to private companies, with the first tied to an unnamed pre-IPO AI company. Real-world asset tokenization platform Ondo Finance is expanding into private markets with tokenized exposures to an unnamed pre-IPO artificial intelligence company. The platform introduced Ondo Private Markets, offering tokenized notes whose payouts are linked to the value realized per common share of the referenced company at a qualifying liquidity event. The note provides economic exposure without direct ownership of the company’s shares. Eligible investors will be able to hold the notes in self-custody wallets or trade them on secondary markets around the clock. Ondo said the first notes are expected to start trading this week, with products tied to companies in robotics, cybersecurity, biotech, infrastructure and other sectors planned to follow. Read more12225 items