24/7 Blockchain industry dynamics and breaking crypto news
Overnight developments highlight macro and regulatory shifts. China's US bond holdings hit an 18-year low, while Citi's CEO warns AI's bottleneck is now energy. Russia's central bank plans crypto exposure caps for banks, and the US Treasury sanctions an Iranian exchange. Trading platforms deepen social media integration as industry strategies evolve.
Read MoreGemini's stock has plunged roughly 80% since its IPO, with market cap shrinking drastically. While no active bids are visible, its hard-to-replicate licenses are seen as key assets for potential buyers. Any sale requires approval from founders holding 94.5% voting power.
Read MoreXRP spot ETFs have attracted net inflows for 10 straight weeks, totaling over $1.7B. Meanwhile, Solana (SOL) funds show even stronger momentum with 12 consecutive weeks of inflows, recently surpassing XRP's weekly totals, signaling shifting investor preferences.
Read MoreRussia's central bank has drafted rules to limit banks' exposure to crypto assets and foreign digital instruments to 1% of their capital. The proposal details calculation methods, scope, and exemptions for certain custody assets, while imposing a 1250% risk weight. The rules are slated to take effect in late 2026.
Read MoreStrategy CEO Phong Le outlines a vision to become the "JPMorgan of Bitcoin," focusing on building financial infrastructure and liquidity for the digital asset economy rather than merely holding BTC. He discusses a $15B digital credit ecosystem, DeFi protocols on STRC, and responds to regulatory and index inclusion topics.
Read MoreCalifornia's Proposition 40 proposes a one-time 5% wealth tax on billionaires, aiming to raise $100B. Six Nobel laureates endorse it to address extreme wealth concentration. Ripple co-founder Chris Larsen has spent over $10M opposing it, backing rival measures. The November vote highlights a major clash over wealth redistribution.
Read MoreSEC's proposed framework for tokenized stocks could reshape trading. Analysis suggests Coinbase, Robinhood, and Circle are well-positioned as early beneficiaries, leveraging their existing infrastructure and compliance readiness in this evolving landscape.
Read MoreA new scam in Venezuela uses worthless fake USDT tokens to defraud merchants accepting crypto payments. Scammers exploit self-custody wallets by sending cloned tokens that appear legitimate, resulting in over $5,500 in losses. Experts advise verifying contract addresses or using trusted exchange wallets.
Read MoreOver 70% of major altcoins on Binance have broken above the key 200-day moving average for the first time in nearly a year, with total market cap excluding BTC and ETH reclaiming $800 billion. However, the altcoin season index remains subdued, indicating the rally's sustainability is not yet confirmed.
Read MoreKraken's integration with X's Cashtag feature allows users to jump directly from discussing assets like $BTC to purchasing them. This move merges social discovery with financial execution, dramatically shortening the path from interest to action and signaling a shift of trading into everyday social feeds.
Read MoreOn September 21, Fetch.ai and NuNet were exploited by the same attacker, resulting in estimated losses of around $2 million. The incident caused NuNet's token to plummet over 70%, hitting a record low. Security investigations into the attack vector are ongoing.
Read MoreRippleX's engineering lead indicates institutional players are ready for XRP Ledger's Batch V1.1 upgrade, enabling multi-transaction bundling for efficient settlement. With validator support surpassing the threshold, activation is projected for September 29.
Read MoreQatar Investment Authority (QIA) has joined as a strategic investor in Crusoe's $3.9 billion Series F funding round. Crusoe builds energy-first AI infrastructure, managing power directly at source. The capital will fuel expansion of its AI projects and proprietary AI factories, enhancing its cloud capabilities.
Read MoreBinance Wallet and PancakeSwap launch a 'Pre-Access' initiative, offering tokenized exposure to pre-IPO companies. Eligibility and allocation depend on user's Alpha Points and bStocks tier, though Binance highlights the high risks involved. This marks another step in Binance's expansion into tokenized real-world assets.
Read MoreNEAR Protocol's price surged over 10%, breaking key resistance levels. Its Total Value Locked (TVL) reached a record $242M, while network fees spiked to $860K, indicating strong capital inflow and ecosystem activity.
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