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BNM’s tokenization roadmap aims to focus on real-world use cases such as SME supply chain financing, Shariah-compliant Islamic products, green finance and 24/7 cross-border payments. Bank Negara Malaysia (BNM), the country’s central bank, has unveiled a three-year roadmap to explore and test asset tokenization across the financial sector. Under the initiative, BNM will launch proof-of-concept (POC) projects and live pilots through its Digital Asset Innovation Hub (DAIH), established earlier this year, the central bank announced on Friday. A key part of this roadmap is the creation of an Asset Tokenization Industry Working Group (IWG), which will coordinate industry-wide exploration, share knowledge and identify regulatory and legal challenges. Read more
Kronos Research’s Vincent Liu expects Solana ETF inflows to continue next week, noting that rotation from Bitcoin and Ether will likely persist. Spot Solana exchange-traded funds (ETFs) continue to attract investor interest, recording their fourth straight day of inflows amid “capital rotation” from Bitcoin and Ether funds. According to data from SoSoValue, spot Solana (SOL) ETFs added $44.48 million on Friday, bringing cumulative inflows to $199.2 million and total assets to over $502 million. The Bitwise Solana ETF (BSOL) led the charge, contributing the bulk of new capital with a 4.99% daily gain. In contrast, spot Bitcoin (BTC) ETFs saw $191.6 million in daily net outflows on the same day, continuing a week-long trend of profit-taking. The funds saw $488.43 million in outflows on Thursday and $470.71 million the previous day. Read more
Kronos Research’s Vincent Liu expects Solana ETF inflows to continue next week, noting that rotation from Bitcoin and Ether will likely persist. Spot Solana exchange-traded funds (ETFs) continue to attract investor interest, recording their fourth straight day of inflows amid “capital rotation” from Bitcoin and Ether funds. According to data from SoSoValue, spot Solana (SOL) ETFs added $44.48 million on Friday, bringing cumulative inflows to $199.2 million and total assets to over $502 million. The Bitwise Solana ETF (BSOL) led the charge, contributing the bulk of new capital with a 4.99% daily gain. In contrast, spot Bitcoin (BTC) ETFs saw $191.6 million in daily net outflows on the same day, continuing a week-long trend of profit-taking. The funds saw $488.43 million in outflows on Thursday and $470.71 million the previous day. Read more
Crypto debates DeFi forks while AI companies lock trillions of tokens into proprietary training runs, building permanent data set monopolies. The window closes fast. Opinion by: Ram Kumar, core contributor at OpenLedger The crypto industry spent a decade evangelizing decentralization. At the same time, AI companies assembled the most valuable monopolies since Standard Oil, and they’re data monopolies that make protocol dominance look trivial by comparison. The AI industry is expected to generate over $300 billion in revenue by 2025, primarily through training models on trillions of tokens scraped from researchers, writers and domain experts. Bitcoin maxis fought block size wars. Ethereum debated MEV extraction. Meanwhile, OpenAI, Google and Anthropic scraped the entire corpus of human knowledge, locked it inside proprietary training runs and built moats that no amount of capital or talent can overcome. Read more
Crypto debates DeFi forks while AI companies lock trillions of tokens into proprietary training runs, building permanent data set monopolies. The window closes fast. Opinion by: Ram Kumar, core contributor at OpenLedger The crypto industry spent a decade evangelizing decentralization. At the same time, AI companies assembled the most valuable monopolies since Standard Oil, and they’re data monopolies that make protocol dominance look trivial by comparison. The AI industry is expected to generate over $300 billion in revenue by 2025, primarily through training models on trillions of tokens scraped from researchers, writers and domain experts. Bitcoin maxis fought block size wars. Ethereum debated MEV extraction. Meanwhile, OpenAI, Google and Anthropic scraped the entire corpus of human knowledge, locked it inside proprietary training runs and built moats that no amount of capital or talent can overcome. Read more
Bitcoin fell nearly 4% in October as ETF outflows closed out the month, but Bollinger Bands BTC price volatility odds hit record levels. Key points: Bitcoin seals its worst October performance since 2018 as traders flip cautious on the outlook. ETF outflows return as derivatives traders hedge risk despite macro tailwinds. Read more
Bitcoin fell nearly 4% in October as ETF outflows closed out the month, but Bollinger Bands BTC price volatility odds hit record levels. Key points: Bitcoin seals its worst October performance since 2018 as traders flip cautious on the outlook. ETF outflows return as derivatives traders hedge risk despite macro tailwinds. Read more
Bullish celebrated its US debut after securing New York’s BitLicense and money transmission license, launching trading across 20 states and partnering with BitGo and Nonco. Cathie Wood’s ARK Invest has expanded its bet on Bullish, the digital asset exchange that recently went public on the New York Stock Exchange under the ticker BLSH, acquiring over $5 million worth of shares across multiple ETFs. According to daily trade disclosures from Friday, ARK Innovation ETF (ARKK) bought 72,537 Bullish shares, ARK Next Generation Internet ETF (ARKW) added 21,354, and ARK Fintech Innovation ETF (ARKF) purchased 11,122 shares. The new purchase comes as ARK Invest purchased $8.27 million in Bullish shares in mid-October through two of its funds. The firm has been continuing its accumulation since the exchange’s $1.1 billion NYSE debut, when ARK bought roughly $172 million worth of shares across its funds. Read more
Bullish celebrated its US debut after securing New York’s BitLicense and money transmission license, launching trading across 20 states and partnering with BitGo and Nonco. Cathie Wood’s ARK Invest has expanded its bet on Bullish, the digital asset exchange that recently went public on the New York Stock Exchange under the ticker BLSH, acquiring over $5 million worth of shares across multiple ETFs. According to daily trade disclosures from Friday, ARK Innovation ETF (ARKK) bought 72,537 Bullish shares, ARK Next Generation Internet ETF (ARKW) added 21,354, and ARK Fintech Innovation ETF (ARKF) purchased 11,122 shares. The new purchase comes as ARK Invest purchased $8.27 million in Bullish shares in mid-October through two of its funds. The firm has been continuing its accumulation since the exchange’s $1.1 billion NYSE debut, when ARK bought roughly $172 million worth of shares across its funds. Read more
Bitcoin has typically recorded its strongest month for gains in November, and there are certainly macro tailwinds to make it happen again. Bitcoin has stepped into its historically most significant month for gains — November — with an average increase of 42.51% since 2013 — meaning Bitcoin could surpass $160,000 this month if history rhymes. However, a crypto analyst noted that several macroeconomic factors are also at play. “I do think seasonal charts matter a lot, but it has to be combined with a lot of other factors,” said crypto analyst Markus Thielen from 10x Research. Read more
Bitcoin has typically recorded its strongest month for gains in November, and there are certainly macro tailwinds to make it happen again. Bitcoin (BTC) has stepped into its historically most significant month for gains — November — with an average increase of 42.51% since 2013 — meaning Bitcoin could surpass $160,000 this month if history rhymes. However, a crypto analyst noted that several macroeconomic factors are also at play. “I do think seasonal charts matter a lot, but it has to be combined with a lot of other factors,” said crypto analyst Markus Thielen from 10x Research. Read more
The fast-food chain is also donating 210 sats from every Bitcoin meal toward open-source Bitcoin development. American fast-food chain Steak ‘n Shake has announced the formation of a new Bitcoin treasury, built with the Bitcoin made from its restaurants’ sales. “All payments received in Bitcoin will be placed in our [strategic Bitcoin reserve],” said Steak ‘n Shake in a post on X on Friday, which garnered strong support from the Bitcoin community. The company added that for every Bitcoin meal it sells, 210 sats (around $0.23) will be donated to nonprofit OpenSats, which supports contributors to Bitcoin Core and open source Bitcoin development. Read more
The fast-food chain is also donating 210 sats from every Bitcoin meal toward open-source Bitcoin development. American fast-food chain Steak ‘n Shake has announced the formation of a new Bitcoin (BTC) treasury, built with Bitcoin made from its restaurants’ sales. “All payments received in Bitcoin will be placed in our [strategic Bitcoin reserve],” said Steak ‘n Shake in a post on X on Friday, which garnered strong support from the Bitcoin community. The company added that for every Bitcoin meal it sells, 210 sats (around $0.23) will be donated to nonprofit OpenSats, which supports contributors to Bitcoin Core and open source Bitcoin development. Read more
Elon Musk expects X Chat to launch within the next few months and promises it won’t sell or share users’ data with advertisers. Tech entrepreneur and billionaire Elon Musk is set to launch a standalone messaging app called “X Chat” to compete with Telegram and WhatsApp, with a rollout expected within the next few months. “On X, we just rebuilt the entire messaging stack into what’s called ‘X Chat,’” said Musk during The Joe Rogan Experience podcast, which aired on Friday. Musk said he hopes the new messaging app will be released in a “few months,” adding it won’t have any “hooks for advertising” as he pointed to competitors like WhatsApp, which “knows enough about what you’re texting to know what ads to show you,” he said. Read more
Elon Musk expects X Chat to launch within the next few months and promises it won’t sell or share users’ data with advertisers. Tech entrepreneur and billionaire Elon Musk is set to launch a standalone messaging app called “X Chat” to compete with Telegram and WhatsApp, with a rollout expected within the next few months. “On X, we just rebuilt the entire messaging stack into what’s called ‘X Chat,’” said Musk during The Joe Rogan Experience podcast, which aired on Friday. Musk said he hopes the new messaging app will be released in a “few months,” adding it won’t have any “hooks for advertising” as he pointed to competitors like WhatsApp, which “knows enough about what you’re texting to know what ads to show you,” he said. Read more
Elon Musk expects X Chat to launch within the next few months and promises it won’t sell or share users’ data with advertisers. Tech entrepreneur and billionaire Elon Musk is set to launch a standalone messaging app called “X Chat” to compete with Telegram and WhatsApp, with a rollout expected within the next few months. “On X, we just rebuilt the entire messaging stack into what’s called ‘X Chat,’” said Musk during The Joe Rogan Experience podcast, which aired on Friday. Musk said he hopes the new messaging app will be released in a “few months,” adding it won’t have any “hooks for advertising” as he pointed to competitors like WhatsApp, which “knows enough about what you’re texting to know what ads to show you,” he said. Read more
Lawmakers opted to study the proposal further following a wave of public concern over plans to loosen local controls on crypto mining in the state. A vote from the Senate Commerce Committee on a bill aimed at deregulating crypto mining in New Hampshire was split on Thursday, after senators reported public feedback on the bill had surged since it was last debated. After being deadlocked twice, once on advancing the bill and again on rejecting it, the committee ultimately voted 4–2 to send the measure for further review in interim study, as first reported by the New Hampshire Bulletin. House Bill 639 would prevent municipalities from creating restrictions on crypto mining, such as rules around electricity use or noise, as well as prohibit state and local authorities from levying taxes unique to digital assets. Read more
Lawmakers opted to study the proposal further following a wave of public concern over plans to loosen local controls on crypto mining in the state. A vote from the Senate Commerce Committee on a bill aimed at deregulating crypto mining in New Hampshire was split on Thursday, after senators reported public feedback on the bill had surged since it was last debated. After being deadlocked twice, once on advancing the bill and again on rejecting it, the committee ultimately voted 4–2 to send the measure for further review in interim study, as first reported by the New Hampshire Bulletin. House Bill 639 would prevent municipalities from creating restrictions on crypto mining, such as rules around electricity use or noise, as well as prohibit state and local authorities from levying taxes unique to digital assets. Read more
Lawmakers opted to study the proposal further following a wave of public concern over plans to loosen local controls on crypto mining in the state. A vote on a Senate Commerce Committee bill aimed at deregulating crypto mining in New Hampshire was split on Thursday, after senators reported that public feedback on the bill had surged since it was last debated. After being deadlocked twice, once on advancing the bill and again on rejecting it, the committee ultimately voted 4–2 to send the measure for further review in an interim study, as first reported by the New Hampshire Bulletin. House Bill 639 would prevent municipalities from creating restrictions on crypto mining, such as rules around electricity use or noise, as well as prohibit state and local authorities from levying taxes unique to digital assets. Read more
The lack of understanding about Bitcoin's economic properties will result in a market dump at the first sign of trouble, Vineet Budki said. The price of Bitcoin (BTC) will continue to experience cyclical booms and busts, resulting in a drawdown of up to 70% during the next market downturn, according to Vineet Budki, CEO of venture firm Sigma Capital. There will be a BTC retracement of 65% to 70% in the next two years because traders do not understand the asset they are holding, Budki told Cointelegraph at the Global Blockchain Congress 2025 in Dubai, UAE. He said: Despite this, Budki still forecasts that Bitcoin will reach $1 million or more per coin within the next 10 years and stated that user adoption will grow from a combination of price speculation and, more importantly, real-world BTC use cases. Read more7276 items