Binance BNB Token Gains Momentum on Coinbase
Coinbase launched “The Blue Carpet,” a new asset-listing program, and added $BNB to its roadmap, indicating a shift in strategy amid recent critiques of its listing practices. #Update #Crypto $BNB
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Ripple CEO Defends Crypto Against Wall Street Opposition
@BradGarlinghouse criticized Wall Street lobbyists opposing crypto firms’ access to Fed master accounts, arguing for equal regulatory standards and infrastructure access for the industry. #Update #Crypto $XRP
Crypto Price Target Soars to $24
@Benchmark raises CompoSecure’s (CMPO) price target to $24 from $17, citing operational momentum and a key upgrade in its Arculus crypto wallet. CMPO shares up 2.7% to $21. #Update #Crypto $CMPO
Stablecoins Disrupt Cross-Border Payments Says William Blair
Stablecoins are set to transform cross-border payments, offering advantages like instant settlement and reduced costs, according to @WilliamBlair. They predict a “golden age” for stablecoin commerce. #Update #Crypto $USDC
Bitcoin Struggles as Powell Hints QT End
Federal Reserve Chairman Jerome Powell indicated that the central bank may soon end its balance sheet reduction, yet BTC remains bearish, trading near $112,600 with options reflecting downside sentiment. #Update #Crypto $BTC
Stablecoins Transform Payments Infrastructure Worldwide
Stablecoins, with a market cap over $250B and transaction volumes exceeding Visa and Mastercard, are becoming essential for payments, driven by regulation and liquidity, despite risks like reserve transparency. #Update #Crypto $USDT
Tokenized Deposits Gain Citigroup CEO Support
@Citigroup CEO Jane Fraser asserts that tokenized deposits will lead digital finance, emphasizing their advantages over stablecoins. She notes institutional demand for seamless, compliant payment solutions. #Update #Crypto $USDC
Solana Gains 11.5% Stake from ARK Invest
@SolmateInfrastructure has acquired $50M in $SOL from the Solana Foundation at a 15% discount for validator infrastructure in Abu Dhabi, with ARK Invest holding an 11.5% stake. #Update #Crypto $SOL
Bitcoin Seizure Hits Record $14B in Cambodia
U.S. authorities indicted Chen Zhi of Prince Group for money laundering and wire fraud, seizing $14.4B in bitcoin linked to forced-labor scams in Cambodia. #Breaking #Legal $BTC
Celsius Secures $300M Wind-down from Tether
The Blockchain Recovery Investment Consortium, formed by @GXD Labs and @VanEck, secured $299.5 million from Tether in the Celsius bankruptcy case, settling a $4 billion claim. #Update #Crypto $CEL
Stripe’s Bridge Seeks National Bank Charter
@Bridge, acquired by @Stripe, applied for a national bank trust charter with the OCC to enhance its stablecoin services, joining a surge of issuers seeking federal oversight. #Update #Crypto $USDC
Stablecoin Leader Circle Recognized by William Blair
@Circle is recognized as the key player in the stablecoin market by William Blair, projecting $USDC’s market cap to reach nearly $150B by 2027. #Update #Crypto $USDC
Stablecoin Risk Scores Launch Onchain via Chainlink
@SPGlobal is partnering with @Chainlink to provide real-time stablecoin risk assessments on-chain, evaluating 10 stablecoins including $USDT and $USDC as the market capitalization reaches $305 billion. #Update #Crypto $USDT
Ethereum Fusaka Launches on Sepolia Testnet
Ethereum developers launched the second test of the Fusaka upgrade on the Sepolia network, with a final rehearsal planned for Oct. 28 on the Hoodi network before mainnet activation. #Update #Crypto $ETH