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Crypto Kid began creating crypto content at 14, and now he’s thinking of taking profits to buy a Ferrari to drive during the bear market. Efe Kelemci better known on YouTube as Crypto Kid is facing a pretty wild decision for an 18-year-old. Should he blow almost a million dollars on a sports car, or hodl? Im thinking, if this bull market is coming to an end, then maybe taking profit into a nice Ferrari could make sense just for passion, the Dubai-based crypto content creator and entrepreneur tells Magazine. Before you roll your eyes, the teenage crypto millionaire swears its about admiring the sports cars beauty, not flexing like a stereotypical flashy crypto bro. Read more
Institutions are exploring blockchain settlement, but they cannot move forward without system-level privacy, says ZKsync developer. Privacy tokens bucked the trend to surge in price and popularity during the recent market slump, but most of the discussion has centered on consumer-facing projects like Zcash. At the same time, banks and financial institutions have been exploring zero-knowledge (ZK) systems that enable private transaction flows on blockchains, a technology known for transparency and immutability. As Alex Gluchowski, CEO of Matter Labs, put it, “There is cypherpunk privacy, which is account-level privacy, and then there is institutional privacy, which is system-level privacy. Institutions need full visibility over their own flows while keeping that data private from everyone else.” Read more
Gianluca Di Bella claimed quantum computing already makes encryption and ZK-proofs vulnerable due to “harvest now, decrypt later” risks. Gianluca Di Bella, a smart-contract researcher specializing in zero-knowledge proofs, said the danger posed by quantum computing isn’t a distant concern; it’s a current one. Speaking to Cointelegraph at the UN City offices in Copenhagen, Denmark, Di Bella said he believes “we should migrate now” to post-quantum encryption standards. The reason, he explained, lies in so-called “harvest now, decrypt later” attacks, where data is collected and stored until future technology makes decryption possible. For instance, if the identity of a dissident in a totalitarian country is protected solely by encryption, they want to ensure that the data will remain safe for 10, 15, 20 or more years into the future. Di Bella said that practical commercial quantum computing might be 10 or 15 years away, but cautioned that “big institutions like Microsoft or Google might have a solution in a few ...
As of 2024, at least one-third of commercial banks were exploring or piloting tokenized deposits, according to a survey by the Bank for International Settlements. Leading financial institutions are continuing to explore blockchain technology to facilitate cheaper and faster institutional payments, signaling a growing interest in tokenization solutions. US investment bank JPMorgan and Singapore multinational banking group DBS announced Tuesday that they are developing a blockchain-based tokenization framework to enable onchain transfers between their deposit token ecosystems. The effort aims to set a new industry standard for cross-bank digital payments. The tokenization framework will allow the two financial institutions to facilitate instant payments around the clock, across both public and permissioned blockchain networks, providing their institutional clients with broader access to cross-bank onchain transactions. Read more
Argentina’s order against Hayden Davis marks the latest move in the $250 million Libra fraud probe now spanning courts in Buenos Aires and New York. Argentina’s federal judiciary ordered a freeze of assets belonging to US promoter Hayden Davis and two alleged intermediaries tied to the collapsed Libra token, deepening an investigation into one of Latin America’s biggest crypto scandals. The order, issued by Judge Marcelo Martínez de Giorgi, reportedly covers digital wallets, bank accounts and real-estate assets of Davis, Argentine operator Orlando Rodolfo Mellino and Colombian trader Favio Camilo Rodríguez Blanco. Prosecutors said the asset freeze was necessary to prevent any transfer of assets that could represent the proceeds of fraud, as investigators work to trace a money trail estimated to be $100 million to $120 million. Read more
Crypto wallets have evolved beyond asset storage into portable identity containers and self-custodial hubs, using zero-knowledge proofs. Opinion by: Eowyn Chen, CEO of Trust Wallet The world is changing. Fundamentals that are often taken for granted in the physical world are now becoming unified as the digital age begins. Identity, payments and access are now converging into one single location: a digital wallet. Wallets are becoming the bedrock layer for access to the modern digital world, just as a passport unlocks physical movement across the globe. Read more
XRP’s technical and onchain signals hint at a major breakout, with bulls eyeing a significant rally toward $5 by the year’s end. Key takeaways: XRP’s cup-and-handle breakout setup points to a potential rally toward $5 by year’s end. Onchain data mirrors June’s 75% surge amid rising ETF optimism. Read more
Transak’s latest licenses highlight the continued fragmentation of US state licensing as stablecoin payment firms push for nationwide access. Stablecoin payment company Transak has secured new state Money Transmitter Licenses (MTLs) in Iowa, Kansas, Michigan, South Carolina, Vermont and Pennsylvania, expanding its US footprint as regulatory fragmentation continues to define how crypto payment companies operate across the country, according to a Tuesday announcement shared with Cointelegraph. The approvals bring Transak’s total to 11 licensed states, including Arkansas, Delaware, Illinois and Missouri. Each license allows the company to legally process stablecoin transactions, transmit funds, and facilitate fiat-to-crypto conversions directly with users, without relying on intermediaries. In the US, MTLs allow companies to handle customer funds, execute value transfers and operate as regulated financial intermediaries under state supervision. Read more
Ethereum investors are back in profit, increasing the chance for a rally to $4,000, but resistance at $3,800 may delay recovery. Key takeaways: Ethereum holders are back in the black, increasing the chances of a rally to $4,000. Ether sell pressure risk exists around $3,800, a resistance level that may delay the bulls. Read more
Bitcoin ETF inflows and Strategy’s BTC acquisitions have been the main vehicles fueling Bitcoin’s momentum this year, according to market analysts. Update Nov. 11, 12:08 p.m. UTC: This article has been updated to include a paragraph on Ether and Solana ETF inflows. The lack of demand for spot Bitcoin exchange-traded funds (ETFs) is raising concerns about Bitcoin’s prospects for the rest of the year, even as the US government appears to be nearing the end of its 41-day shutdown. On Monday, the US Senate approved a funding package, bringing Congress one step closer to ending the shutdown. Legislation is now headed for a full vote in the House of Representatives, which may occur as early as Wednesday, CBS News reported on Monday. Read more
X users have already reported using the new Bitcoin payment feature at coffee shops across the United States. Payment processor Square has launched its Bitcoin payment feature for sellers, allowing them to opt in and accept Bitcoin at checkout through its point-of-sale system. Jack Dorsey, co-founder of Block, which owns Square, said in an X post on Monday that with the new feature, merchants using Square can receive Bitcoin to Bitcoin, Bitcoin to fiat, fiat to Bitcoin or fiat to fiat payments. At the same time, Jacob Szymik, an account executive at Square, stated that Bitcoin (BTC) payments are currently only available for in-person purchases and point-of-sale terminals, but online and invoicing options are “in the works,” and teased that updates would be coming soon. Read more
BitMine’s massive ETH accumulation accelerated last week, adding 110,288 Ether to its $12.5 billion treasury as it targets 5% of the total supply. BitMine’s digital treasury accumulation is showing no signs of slowing down, with its latest week of Ether buying marking a 34% increase from the week before. BitMine Immersion Technologies announced the purchase of 110,288 Ether (ETH) on Monday, bringing its total to 3,505,723 ETH at an average purchase price of $3,639 per token. As part of the announcement, BitMine’s chairman Tom Lee said the recent ETH price dip presented an attractive opportunity” for the firm, as he went on to highlight Ether adoption happening on Wall Street: Read more
Propanc Biopharma said it will build a crypto treasury after securing up to $100 million from Hexstone Capital to further its potential cancer treatment and reignite investor interest. Australia-based Propanc Biopharma has announced it has secured up to $100 million from a crypto-focused family office to launch a crypto treasury — a move its CEO described as “transformative” as its cancer therapy product enters human trials next year. The private placement, structured through convertible preferred stock, provides Propanc with an initial $1 million investment and up to $99 million in follow-on funding over the next 12 months from Hexstone Capital, a family office that invests in several crypto treasury companies. The cancer-treating biotech company stated that the proceeds will be used to build a digital asset treasury and accelerate the development of its lead cancer therapy, PRP, which aims to enter first-in-human trials in the second half of 2026. Read more
The Uniswap token rose over 38% after the introduction of a protocol fee switch and burning mechanism that could strengthen UNI. The native token behind Uniswap rallied over 38% after the Uniswap Foundation and Uniswap Labs introduced a proposal aimed at making holding the token more appealing to investors. Among the potential changes outlined in the “UNIfication” proposal are activating a protocol-level fee mechanism to burn Uniswap (UNI) tokens and building a Protocol Fee Discount Auctions system to increase liquidity provider returns, the Uniswap Foundation said in a joint proposal with Uniswap Labs on Monday. They also plan to burn 100 million UNI — roughly 16% of the UNI’s circulating supply — from the treasury, which could further improve the supply and demand dynamics of UNI, the governance token behind the Uniswap decentralized exchange. Read more
The Senate Agriculture Committee has released a draft bill outlining the proposed regulatory jurisdiction of the country’s two main financial market regulators. The US Senate Agriculture Committee has released its long-awaited discussion draft of crypto market structure laws, bringing Congress closer to passing legislation outlining how the crypto sector will be regulated. Republican Agriculture Chair John Boozman and Democrat Senator Cory Booker released the draft on Monday, which includes brackets around sections of the bill that lawmakers are still negotiating. The bill aims to outline the limits of the Commodity Futures Trading Commission and the Securities and Exchange Commission’s power to regulate crypto. Only Congress can set the agencies’ regulatory boundaries, and both have shared guidance to companies about crypto under the Trump administration’s deregulation push. Read more
Bitdeer’s revenue and Bitcoin production jumped in the third quarter amid a push into AI, but its shares slid after the company booked paper losses. Shares of Singapore-based Bitcoin miner Bitdeer Technologies fell nearly 20% on Monday after the company reported a jump in quarterly losses. Bitdeer recorded a net loss of $266.7 million for the third quarter of 2025, compared with a net loss of $50.1 million for the same period a year ago, largely due to non-cash losses resulting from the revaluation of its convertible debt. Revenue climbed to $169.7 million, up 174% from the previous year, driven by the expansion of its self-mining operations, according to the company. Read more
Guidance from the Internal Revenue Service appeared to offer additional regulatory clarity for crypto staking through exchange-traded products. The US Internal Revenue Service (IRS), the country’s tax-collection bureau under the Department of the Treasury, has updated its guidance for cryptocurrency exchange-traded products (ETPs) to include a safe harbor for trusts to stake digital assets. Treasury Secretary Scott Bessent wrote in a Monday X post that the agencies released guidance offering crypto ETPs "a clear path to stake digital assets and share staking rewards with their retail investors.” According to the guidance available on the IRS website, government agencies would allow crypto trusts to participate in staking, provided they are traded on a national securities exchange, hold only cash and “units of a single type of digital asset,” held by a custodian, and mitigate specific risks to investors. Read more
The company posted $20.8 billion in client assets, a 48% increase in profit, and plans for a $150 million share buyback program. Shares of social trading and investing platform eToro (Nasdaq: ETOR) rose on Monday after the company reported a 76% year-over-year increase in assets under administration to $20.8 billion in the third quarter. The company also posted a 28% increase in net contribution to $215 million, up from $167 million the previous year, alongside the launch of a $150 million share repurchase program. Net income under Generally Accepted Accounting Principles (GAAP) rose 48% to $57 million from $39 million in the same quarter last year, while funded accounts expanded 16% to 3.73 million, supported by the integration of Australia’s Spaceship app acquired in 2024. Read more
Reports said that the AI infrastructure purchase would be valued at about $767 million as part of a stock deal, about three months after a planned acquisition with Tether. Video-sharing platform Rumble announced a business combination agreement with AI infrastructure company Northern Data, following its deepening financial ties with stablecoin issuer Tether. In a Monday notice, Rumble said it would acquire Northern Data following its August announcement with Tether as part of a joint venture to purchase the AI infrastructure company. Reuters reported that the acquisition would be valued at about $767 million as part of a stock deal between Rumble and Northern Data. Tether invested $775 million into Rumble in December 2024, citing the platform’s “fundamental values of freedom of speech and financial freedom,” according to Paolo Ardonio, CEO of the stablecoin issuer. Read more
A bullish breakout lifts Bitcoin toward $110,000, but a stablecoin build-up and looming CME gaps signal caution. Key takeaways: The Bitcoin double bottom pattern may boost bullish momentum toward $110,000. The CME gap near $104,000 could trigger a short-term retracement. Read more5759 items