Articles for category: Crypto

October 10, 2025

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Bitcoin Dips Below $119K as US-China Tariff Dispute Escalates

Bitcoin’s recent surge was abruptly halted as heightened trade tensions between the United States and China triggered a swift pullback in the cryptocurrency market on Friday. After reaching an all-time high earlier in the week, bitcoin (BTC) faced renewed selling pressure following a statement by U.S. President Donald Trump. In a Truth Social post, Trump announced plans for a “massive increase” in tariffs on Chinese imports as a response to China’s new export controls on rare earth metals. The announcement prompted an immediate reaction across digital asset markets. Bitcoin quickly slid from around $122,000 to below $119,000 in late-morning trading,

October 10, 2025

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Key Strategies to Bolster Crypto Security and Prevent Hacks in 2025

In the first half of 2025, cryptocurrency thefts have surged dramatically, with over $2.4 billion stolen across more than 300 reported incidents. This figure has already eclipsed the total losses recorded throughout 2024, underscoring the escalating challenge of securing digital assets. While some high-profile breaches, such as the Bybit hack linked to North Korean actors, have contributed to the spike, the majority of losses stem from common vulnerabilities rather than sophisticated exploits. Many crypto holders fall victim to straightforward but effective scams, including phishing attempts, fraudulent wallet approval requests, SIM swap attacks, and impersonations through fake support channels. However, enhancing

October 10, 2025

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Cardano ETF Approval Faces Higher Delay Risks Amid Possible SEC Shutdown Into 2026

The U.S. Securities and Exchange Commission’s (SEC) recent framework to expedite altcoin ETF approvals has boosted expectations that Cardano’s (ADA) ETF could launch before the end of 2025. However, emerging concerns over a potential government shutdown suggest that this timeline may be overly optimistic, with delays potentially pushing approval into 2026. In September, the SEC eliminated the cumbersome 19b-4 filing process and introduced a “generic listing standards” mechanism designed to fast-track altcoin ETF approvals. This restructuring was widely viewed as a positive signal, and market participants, such as those on Polymarket, currently place roughly a 90% probability on the ADA

October 10, 2025

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XRP Whales Unload $50 Million Daily Amid Growing Risk of Price Drop to $2.20

XRP is witnessing intensified selling pressure as major holders, commonly known as whales, are offloading approximately $50 million worth of tokens daily. This surge in large-scale transfers is stirring concerns about a possible deeper correction in the cryptocurrency’s price, which recently slipped below the $3 mark. Data analyzed by CryptoQuant, utilizing a 30-day moving average, reveals a consistent outflow of XRP from whale wallets. CryptoQuant analyst Maartunn highlighted that this selling trend remains persistent, signaling sustained pressure on the token’s market value. Though no immediate crash has occurred, the elevated XRP supply appearing on centralized exchanges during late September and

October 10, 2025

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Sui Blockchain’s TVL Surges to $2.6B as DeFi Activity Expands

Sui, a layer 1 blockchain, has hit a new milestone with its total value locked (TVL) reaching $2.6 billion, marking significant growth in its decentralized finance (DeFi) ecosystem. This achievement, reported by DeFiLlama on Thursday, represents a 37% rise over the past month and a remarkable 160% increase compared to the $1 billion TVL recorded a year ago. The ascent in TVL is primarily driven by elevated liquidity across key DeFi platforms on the Sui network, including prominent protocols such as Suilend, Navi, and Momentum. Suilend remains the largest DeFi protocol on Sui, currently holding $745 million in TVL, which

October 10, 2025

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Polymarket’s POLY Token May Redefine Decentralized Oracle Governance

Polymarket, a prominent player in the prediction markets space, is hinting at the launch of its native POLY token, a move that could transform how decentralized truth is validated and maintained within the ecosystem. This development may challenge the longstanding dominance of UMA’s oracle system and introduce new dynamics in decentralized resolution mechanisms. Currently, Polymarket relies on UMA’s “optimistic oracle” for market resolution. UMA’s system allows any participant to propose an outcome by staking collateral, while UMA token holders vote to settle disputes. Although this approach is designed to incentivize consensus, it has faced criticism and reported incidents of manipulation,

October 10, 2025

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Pavel Durov Sounds Alarm on Global Privacy Erosion Amid Rising Digital Controls

Telegram CEO Pavel Durov has issued a stark warning about escalating government actions that threaten online privacy worldwide. Speaking ahead of his 41st birthday, Durov expressed deep concern that increasing regulatory measures could mark the end of the free internet generation. In a recent post on X, Durov highlighted initiatives such as the European Union’s Chat Control proposal, the UK’s new digital identity plans, and Australia’s upcoming social media age verification system as examples of measures that could restrict online freedoms. He described these policies as steps toward a “dark, dystopian world” where the exchange of information is increasingly controlled

October 9, 2025

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Plasma’s XPL Token Dips Nearly 50% Amid Post-Launch Volatility

The stablecoin-focused Layer 1 blockchain Plasma, which recently launched its native token XPL, is facing sharp price declines following an initially strong market debut. Since its launch on September 25, XPL experienced a significant surge, doubling from an opening price near $0.80 to reach a peak of $1.67 within days. This impressive rise rewarded early ICO investors with returns exceeding 3300% relative to their entry price, and pushed the token’s fully diluted valuation (FDV) to approximately $17 billion. However, this momentum has not been sustained. Over the subsequent week, XPL’s value has nearly halved, currently trading around $0.87, which represents

October 9, 2025

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Coinbase and Mastercard Vie to Acquire Stablecoin Fintech BVNK in Potential $2.5B Deal

Coinbase, the prominent cryptocurrency exchange, and Mastercard, the global payments leader, have engaged in advanced discussions to acquire BVNK, a London-based fintech firm specializing in stablecoin payment infrastructure, according to multiple sources familiar with the negotiations who spoke with Fortune. These acquisition talks are still ongoing and have not yet been finalized; however, insiders indicate that the potential purchase price ranges from $1.5 billion to $2.5 billion. Among the interested parties, Coinbase currently appears to hold the lead, though the outcome remains uncertain. BVNK operates at the cutting edge of digital payment solutions, offering technology that enables businesses to send

October 9, 2025

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Jack Dorsey Advocates Tax Exemption for Small Bitcoin Transactions to Boost Everyday Use

Jack Dorsey, founder of payments company Square, has called for a de minimis tax exemption on small Bitcoin (BTC) transactions, aiming to enhance the cryptocurrency’s utility for routine payments. Dorsey’s remarks came shortly after Square introduced Bitcoin payment options for merchants via its checkout and point-of-sale platforms. “We want Bitcoin to be everyday money ASAP,” Dorsey stated, underscoring the importance of simplifying Bitcoin’s use in daily commerce. His comments highlight ongoing discussions around the challenges posed by current tax regulations that affect Bitcoin’s adoption as a practical medium of exchange. In the United States, existing tax rules require taxpayers to