Articles for category: Crypto

October 2, 2025

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Zcash Surges 150% in a Week as Privacy Demands Intensify

Zcash (ZEC), the privacy-centric cryptocurrency, has experienced an exceptional price surge in recent weeks, skyrocketing more than 150% within the last seven days and over 250% in the past month. Recent data from price tracking platform CoinGecko reveals that ZEC has reached a price point exceeding $150, a milestone that has not been seen since April 2022, marking it as the standout performer among the top 100 cryptocurrencies. In just the past 24 hours alone, ZEC’s value surged by over 67%. This impressive rally has attracted significant attention from both investors and developers keen to highlight the critical role of

October 2, 2025

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The Resurgence of Institutional Crypto Lending: A Guide for Wealth Managers

The landscape of institutional lending within the crypto sector is undergoing a notable transformation, presenting wealth managers with new opportunities to leverage digital assets as collateral. This resurgence is reminiscent of the traditional practices of collateralized lending that have roots dating back to medieval Europe, yet now it is adapted to fit the unique properties of cryptocurrencies. Wealth managers must recognize that lending and borrowing have always played pivotal roles in financial ecosystems. In the context of cryptocurrency, the introduction of collateralized lending predated the rise of Decentralized Finance (DeFi) platforms. Historically, the concept known as Lombard lending involved using

October 2, 2025

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AlloyX Unveils Tokenized Money Market Fund on Polygon, Blending Traditional Finance with DeFi

AlloyX, a company specializing in blockchain tokenization infrastructure, has launched a new tokenized money market fund on the Polygon network. This innovative move aims to merge traditional financial assets held in banks with decentralized finance (DeFi) strategies, signaling the rapid expansion of real-world assets (RWAs) within the blockchain ecosystem. The newly introduced fund, known as the Real Yield Token (RYT), allows investors to hold shares in a conventional money market fund. The underlying assets are secured and managed by Standard Chartered Bank in Hong Kong, ensuring that they meet all regulatory standards and undergo thorough audits. This development marks a

October 2, 2025

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AlloyX Launches Tokenized Money Market Fund RYT, Partnering with Polygon and Standard Chartered

AlloyX, a stablecoin infrastructure firm headquartered in Hong Kong, has unveiled its newest venture, the RYT tokenized money market fund. This innovative financial product is hosted on the Polygon network—a leading Ethereum scaling solution—and comes with custody services provided by Standard Chartered Bank, enhancing its appeal and reliability. Distinct from conventional tokenized money market funds that often offer merely passive investment opportunities, RYT incorporates decentralized finance (DeFi) mechanisms to create yield-driven strategies. This unique blend enables RYT to enhance returns for investors while adhering to established compliance standards recognized by auditors and regulatory bodies, according to a press release issued

October 2, 2025

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OpenAI Surpasses Rivals with $500 Billion Valuation, Emerges as Largest Startup

In a remarkable development within the artificial intelligence sector, OpenAI has officially become the world’s most valuable startup, achieving a staggering $500 billion valuation following a recent secondary share sale. According to Bloomberg, which cited unnamed sources familiar with the matter, current and former employees of OpenAI successfully sold approximately $6.6 billion in shares to a cadre of prominent investors, including Thrive Capital, SoftBank Group Corp., Dragoneer Investment Group, and firms from Abu Dhabi and T. Rowe Price. This significant financing round has propelled OpenAI ahead of competitors such as SpaceX, led by Elon Musk, which holds a market capitalization

October 2, 2025

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PancakeSwap Achieves Stellar $749 Billion Trading Volume in Q3 2023

The decentralized exchange (DEX) PancakeSwap has achieved a remarkable milestone by recording trading volumes of $749 billion in the third quarter of 2023. This achievement represents a significant growth of 42% compared to the $529 billion traded in the previous quarter and serves as the third consecutive quarterly increase since PancakeSwap’s launch in 2020. According to data sourced from Dune Analytics, PancakeSwap began the year with $205.3 billion in trading volume during the first quarter, marking a progressive upward trend that has captivated the DeFi community. In total, the DEX has surpassed a staggering $2.49 trillion in cumulative trading volume

October 2, 2025

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Thailand Set to Broaden ETF Landscape with New Crypto Offerings

Thailand’s Securities and Exchange Commission (SEC) is gearing up to expand its offerings of exchange-traded funds (ETFs) beyond just Bitcoin, according to a report by Bloomberg. The initiative aims to attract a younger demographic of investors eager to incorporate cryptocurrencies into their investment portfolios. During an interview on Wednesday, SEC secretary-general Pornanong Budsaratragoon expressed enthusiasm about the regulatory body’s strategic move. “We are looking to broaden the criteria for crypto assets included in ETFs, such as implementing a basket of cryptocurrencies,” he stated. This development signals a significant shift in Thailand’s approach to cryptocurrency investment, potentially enhancing access and variety

October 2, 2025

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Bitcoin at $119,500 Signals Possible Pullback as RSI Hits Overbought Levels

Bitcoin has reached a notable high of $119,500, leading traders to speculate on a potential price pullback. Recent metrics indicate that the cryptocurrency has entered ‘overbought’ territory, signaling a possible need for a support retest before any further upward movement can be sustained. In the past week, Bitcoin (BTC) has surged nearly 10%, revitalizing market optimism reminiscent of trends seen in precious metals like gold. However, analysts caution that the momentum may be fading as the price indicators begin to show signs of overheating. The Relative Strength Index (RSI), a key market metric, has now settled at approximately 90 out

October 2, 2025

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PancakeSwap Achieves Record-Breaking $749 Billion in Trading Volume for Q3

PancakeSwap, the prominent multi-chain decentralized exchange (DEX), has set a stunning new benchmark by recording $749 billion in trading volumes for the third quarter of 2023. This remarkable achievement represents a 42% increase from the previous quarter, where trading volumes totaled $529 billion. This significant growth also follows the $205.3 billion recorded in Q1, marking the first instance since its inception in 2020 that PancakeSwap has achieved three consecutive quarters of record-breaking performance, according to data sourced from Dune Analytics. The team at PancakeSwap revealed that the most traded token pairs for Q3 included BR-USDT, with a trading volume of

October 2, 2025

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XRP and Dogecoin Rally as U.S. Government Shutdown and Japan Bond Trends Energize Crypto Markets

This week, the cryptocurrency market showed resilience against external economic pressures, notably a government shutdown in the United States and heightened tensions in Japan’s bond market. Despite these challenges, investors are maneuvering to take advantage of what could become easier global liquidity conditions. The impending U.S. government shutdown has raised concerns among traders, with the potential delay of the crucial payrolls report leaving a cloud of uncertainty. Japanese bond yields have also surged to their highest levels since 2008, further complicating the economic outlook. However, instead of reflecting broader macroeconomic anxieties, cryptocurrency prices experienced a notable uptick, suggesting some separation