Found 7276 news
The head of Australia’s market regulator, Joe Longo, is looking to embrace tokenization in Australia’s capital markets, fearing the country will fall behind if it doesn’t act. Australia’s capital markets risk being outpaced by other countries unless it embraces new technology such as tokenization, says the country’s head market regulator. “As other countries adapt and innovate, there’s a real risk Australia could become the ‘land of missed opportunity’ or be passive recipients of developments overseas,” Australian Securities and Investments Commission Chair Joe Longo told the National Press Club on Wednesday. Over $35.8 billion worth of real-world assets are currently tokenized onchain, which Boston Consulting Group estimated could rise to $16 trillion by 2030, while McKinsey & Co predicted a more conservative $2 trillion over the same time frame. Read more
XRP saw record wallet growth and easing whale outflows, hinting at a potential market bottom despite the recent price weakness. Key takeaways: Over 21,000 new XRP wallets were created in 48 hours, the fastest growth in eight months. Record decentralized exchange transactions coincided with XRP’s price weakness, hinting at non-organic activity. Read more
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Google is integrating prediction market data from Kalshi and Polymarket into its search results. Coinbase pushes back on Treasury over the GENIUS Act amid lobbying pressure on stablecoin interest, and Robinhood reported a 300% surge in crypto revenue for the third quarter. Google is incorporating prediction market data from Kalshi and Polymarket into its search results as part of its AI-powered upgrade, enabling users to view real-time probabilities for future market events directly within the platform. According to a Thursday announcement, the prediction market data will be available in the next couple of weeks, letting users view market odds and track how forecasts have shifted over time by typing a question directly into Google’s search bar. Read more
Despite a dip in active wallets and DeFi losses, blockchain gaming and decentralized finance continued to drive most Web3 activity last month. Blockchain gaming and decentralized finance (DeFi) remained the most active sectors in Web3 in October, despite a 3% decline in total daily active wallets to 16 million, according to a new report from DappRadar. Web3 gaming accounted for 27.9% of all decentralized application (DApp) activity over the past month, its highest share of the year, while DeFi maintained solid engagement at 18.4%, despite market volatility and ongoing regulatory pressure. The most widely used DApps include Raydium, Pump.fun, Jupiter Exchange, OKX Dex and PancakeSwap v2. Read more
Analysts at financial services giant JPMorgan forecast “significant upside” for Bitcoin over the next months in a report on Wednesday. Bitcoin is trading below its fair value relative to gold when adjusted for volatility, according to analysts at JPMorgan. The rise in gold volatility during its rally to all-time highs in October makes the precious metal riskier and Bitcoin (BTC) “more attractive to investors,” analysts said, based on the bitcoin-to-gold volatility ratio falling to 1.8, meaning BTC carries 1.8 times the risk of gold. The report read: This mechanical exercise thus implies significant upside for Bitcoin over the next 6-12 months,” JPMorgan said. Read more
Coinbase's Shan Aggarwal and Scott Meadows spoke to Cointelegraph at the Blockchain Futurist Conference on the future of the industry in the US. Coinbase executives are urging US lawmakers to view stablecoin and market structure bills as interconnected pieces of a broader crypto regulatory framework, as Congress continues to deliberate over industry rules. Speaking to Cointelegraph at the Blockchain Futurist Conference on Thursday, Coinbase Chief Business Officer Shan Aggarwal weighed in on how a market structure bill could affect US markets. According to Aggarwal, both the market structure currently being considered in the US Senate — called CLARITY when it passed the House of Representatives — and the GENIUS stablecoin bill passed in July act “effectively like oil for the onchain economy.” Read more
Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more
Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more
Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more
Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more
Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more
Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more
Stablecoins have emerged as a store-of-value asset in emerging market economies at a rate no one predicted, Wood said on Thursday. ARK Invest’s Cathie Wood has cut her long-term Bitcoin price projection by $300,000, warning that stablecoins are eroding Bitcoin’s role as a store of value in emerging markets. “Stablecoins are usurping part of the role that we thought Bitcoin would play,” Wood, who previously forecast a top BTC price of $1.5 million by 2030, told CNBC on Thursday. Stablecoins are scaling here, I think, much faster than anyone would have expected,” she said. Read more
The update brings real-time forecasting data from Kalshi and Polymarket to Google Finance, as more major platforms move into the growing prediction markets space. Google is incorporating prediction market data from Kalshi and Polymarket into its search results as part of its AI-powered upgrade, enabling users to view real-time probabilities for future market events directly within the platform. According to a Thursday announcement, the prediction market data will be available in the next couple of weeks, letting users view market odds and track how forecasts have shifted over time by typing a question directly into Google’s search bar. The feature is part of an AI-powered revamp of Google Finance — a free web service by Google that provides real-time financial market data. The upgrade also introduces Deep Search, driven by its Gemini models, along with new live earnings features. Read more
The US Treasury Department accepted comments related to the implementation of the stablecoin bill until Tuesday as part of the law’s planned rollout. Stablecoin issuer Circle has advocated for a level playing field among banks, nonbanks and stablecoin issuers as the US Treasury Department considers implementing the GENIUS Act following its signing into law in July. In comments submitted on Tuesday as part of the Treasury’s notice of proposed rulemaking for GENIUS, Circle was one of many crypto companies that weighed in on how the US government should implement the law establishing a framework for payment stablecoins. While the company reiterated many of the principles for which proponents of the bill had advocated, such as having stablecoins “fully backed with cash and high quality liquid assets,” it also urged the government to set clear requirements for enforcement and consequences for noncompliance. Read more
Bitcoin’s slide toward $100,000 accelerates as ETF outflows, weak earnings and macro uncertainty rattle traders, leaving bulls hesitant to reenter the market. Key takeaways: Bitcoin ETF outflows of $2 billion since Oct. 29 intensified market pressure and erased optimism around institutional demand. Weak corporate earnings and macro risks suggest Bitcoin could fall below $100,000 before buyers regain confidence. Read more
Current fiscal and monetary policies will cause hard asset prices to rise, but both are signs of late-stage economic decay, Dalio said. The US Federal Reserve’s decision to ease monetary policy is inflating an economic bubble that could drive up the prices of hard assets, but also marks the final phase of a 75-year economic cycle, according to former hedge fund manager Ray Dalio. Typically, the Federal Reserve eases interest rates when economic activity is stagnating or declining, asset prices are falling, unemployment is high and credit dries up, as seen during the Great Depression of the 1930s or the 2008 financial crisis, Dalio wrote in an article posted to X on Wednesday. However, the Fed is now easing monetary policy at a time of low unemployment, economic growth and rising asset markets, Dalio wrote, which is typical of late-stage economies saddled with too much debt. Read more
As deliberations entered their second day in a criminal trial over a $25 million exploit, jurors asked for clarification on previous testimony and the definition of “good faith.” The jury deciding the fate of two men accused of money laundering and fraud related to a $25 million exploit of the Ethereum blockchain has submitted a series of detailed questions to the judge as they deliberate, indicating a close scrutiny of key points in the case. On Wednesday, jurors in the criminal trial of Anton and James Peraire-Bueno began deliberating over a verdict after three weeks of hearing differing theories of the case from defense attorneys and US prosecutors. The brothers stand accused of using maximal extractable value (MEV) bots to extract about $25 million in digital assets from the Ethereum blockchain in 2023, in what prosecutors describe as a fraudulent scheme. Read more
Over $100 billion in old Bitcoin has moved as spot ETFs see record outflows, igniting debate over whether true OGs or traders are driving the market sell-off. Key takeaways: Over $104 billion in long-held Bitcoin has moved since 2024, sparking debate on whether older BTC investors are exiting the market for good. Onchain data shows most moved Bitcoin was from short-term holders, not older addresses. Read more
Privacy-focused protocol Zcash has received newfound support from industry experts and influencers, sending its native token price to multiyear highs this year. Privacy is in vogue, and there has been an outsized winner in the market. The Zcash protocol has been the talk of crypto twitter and the price of its native token, Zcash (ZEC), has reflected that narrative. Zcash's token has been trading above $500 for the first time since 2018, driven by an intriguing trend of support from some of the industry’s most popular commentators. The likes of Arthur Hayes, Naval Ravikant, Mert Mumtaz, Ansem, Threadguy and other notable accounts have been advocating for the privacy-first benefits of Zcash for months. Lofty price predictions interlaced with privacy-praising takes have played their part in ZEC’s outsized returns in comparison to the wider altcoin landscape. Read more7276 items