Key Takeaways Tom Lee said at Token2049 on Oct. 7 that this “may be the biggest bull market we’ve ever seen.” Bitmine bought 12,500 ETH worth $33.65M via Bitgo, lifting it to about 4.9% of ether’s supply. With a hard 5% cap, Bitmine has roughly 76,000 ETH, or about $200M, of buying left. What Did…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Solaire Resort has launched Solaire Pay, a digital funding feature that allows gaming patrons to transfer funds directly from digital wallets to slot machines without leaving their seats. The service, accessible through the official MySolaire…
Key Takeaways Scammers in Venezuela use zero-value cloned USDT at checkout, tricking merchants out of valuable goods. Cloned USDT tokens mimic real contracts, appearing valid in wallets and causing losses for merchants. Experts advise merchants to verify Tether contract addresses or use Binance to avoid fake USDT scams. Fake USDT Tokens Surge for Payments in…
Key Takeaways PYUSDx has already cleared $100M, with Saturn, Concrete and Cap putting the new setup through its paces. Stablecoins hit $305.25B on Sept. 10, while Paypal’s PYUSD is sitting pretty in eight place with roughly $2.81B. A Paypal executive says stablecoins are “maturing fast,” and PYUSDx could bring more company-branded dollars in 2026. Paypal,…
Key Takeaways U.S. Bank put USBDC to work Sept. 9, sending its own stablecoin across borders on Stellar. The 163-year-old financial institution, a top-5 U.S. lender, took the rare route of moving its own digital dollar on a public chain. U.S. Bank says the Sept. 9 test is another step toward putting its Digital Asset…
Key Takeaways Bitcoin slid below $77,000 on Thursday following the U.S. Bureau of Labor Statistics’ PPI release. Bitstamp data show a drop to $76,651 as crypto derivative liquidations peaked at $562 million. Polymarket odds for a 25-basis-point Fed rate hike jumped to 63% ahead of the upcoming CPI report. PPI Surprise Sparks Sell-Off Bitcoin’s price…
Key Takeaways Brian Armstrong says bitcoin’s price likely hit bottom, even after getting smacked 3.3% Thursday. Coinbase prediction markets are on a tear, growing about 100% quarter over quarter. Armstrong sees bitcoin’s price grinding higher over the next 1-2 years as the halving gets closer. Bitcoin’s price has trended below the $77,000 range on Thursday,…
Key Takeaways MAKE Group launched a cross-chain bridging protocol on Casper to transfer regulated assets across EVM networks. The system preserves ERC-3643 rules for over $32 billion in tokenized real-world assets via T-REX Ledger. Apex Group plans to bring $100 billion in tokenized assets to T-REX by 2027 using AstralBeam messaging. Tackling the Cross-Chain Compliance…
Key Takeaways Trezor warned Sept. 10 that a breached email provider sent customers phishing messages. Cointracking said Brevo was breached as Bitbox reported multiple bitcoin firms targeted. Bitbox said most phishing links were down Sept. 9, but its investigation remains active. The incident that occurred on Sept. 9 and 10 appears to stretch beyond a…
Key Takeaways BofA survey found 20% of Americans call sports betting an investment; 40% of Gen Z do. Across all generations, event contracts were seen as more investment-like than betting. Bettors recovered under 75 cents per dollar every month from January through July. A Perception Gap Matching Industry Positioning The survey ran from March 24…
