Why Stablecoins May Never Escape Traditional Banking Risks: Frgmnt CEO
Key Takeaways Following 2023 bank failures, Frgmnt CEO Aurélien Roussel urged stablecoin issuers to diversify reserves. Tether leads global trade, but MiCA regulations force issuers to build 100% compliant local infrastructure. Sub-cent Layer 2 transaction costs will drive stablecoins beyond…
French Assembly Narrowly Adopts Stablecoin Swap Tax Proposal
Key Takeaways French lawmakers narrowly passed a proposal to tax crypto-to-stablecoin swaps with capital gains tax. The measure targets a tax loophole, which could limit traders’ ability to park gains tax-free. The controversial rule faces an upcoming Senate vote before…
XRP Ledger Nears Oct. 23 Upgrade as Lending Votes Fall Short
Key Takeaways XRP Ledger’s fixCleanup3_4_0 targets Oct. 23 activation after securing more than 80% validator support. XRPL’s upgrade closes a loophole that could let PaymentBurn delegates create tokens instead of destroying them. XRP Ledger’s native lending amendments remain below the…
Richard Heart Arrested, XRP DAT Rings Nasdaq Bell, And More
Key Takeaways Strive’s consecutive $280M and $235M bitcoin purchases signal renewed corporate demand for BTC. Binance US’s reported $1B valuation is roughly 78% below its $4.5B valuation in 2022. Evernorth’s 473M XRP treasury could position it to lead a broader…
Bitcoin and Ether ETFs Lose $152M as Blackrock Drives Friday Selloff – Bitcoin News
Key Takeaways Bitcoin and ether exchange-traded funds (ETFs) lost $152.07M on Friday, capping weeks of roughly $228.6M and $320M in outflows. Solana hit ten straight outflow days, while NEAR again attracted fresh capital amid broader selling. Attention now turns to…
Arthur Hayes Says OpenAI and Anthropic Are Worthless and Bitcoin Wins
Key Takeaways Arthur Hayes told Convergence host Luke Martin on Oct. 16 that AI model companies are “worthless.” The Nasdaq 100 fell 2.5% on Oct. 16 as chip stocks posted their longest losing streak since 2008. Hayes expects a bailout…
Bloomberg Sees Bitcoin Price at $10K and Cryptoquant’s CEO Doesn’t Agree
Key Takeaways Bloomberg’s Mike McGlone said recently that bitcoin could revert to $10,000 if U.S. stocks drop 20%. Cryptoquant’s Ki Young Ju countered that $58B in ETF inflows and 1.3M treasury BTC imply a $30K floor. The next test is…
Strategy Sinks Nearly 10% on MSCI News But Saylor Is Still $5B Up
Key Takeaways Strategy (MSTR) closed at $136.83 on Oct. 16, down 9.56% after MSCI’s non-operating company ruling. Strategy’s 848,250 BTC, bought at a $75,444 average, show about a $5.08B paper gain at $81,434. MSCI publishes its final deletion list on…
Nine Blockchain Groups Unite as Quantum Threat Hangs Over Bitcoin
Key Takeaways The Quantum Alliance launched Oct. 15 with nine organizations working on shared security standards. Roughly 6.4 million BTC, including Satoshi-era coins, face potential exposure to future quantum attacks. Bitcoin’s biggest hurdle is upgrading wallets and protecting coins whose…
Navigate Web3 Safely – Binance’s guide to protecting digital assets for Beginners
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Manila, Philippines – Blockchain technology continues to redefine how we approach digital finance. The continued and still rapid rise of…
