Articles for category: Crypto

September 30, 2025

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CoinRoutes Expands Offerings with $5M Acquisition of QIS Risk

In a strategic move to enhance its institutional crypto trading capabilities, CoinRoutes, a leading platform tailored for institutional cryptocurrency trading, has announced the acquisition of QIS Risk, a prominent provider of portfolio and risk management solutions for digital asset managers. This transaction, valued at $5 million in cash and stock, was revealed in a press release issued by CoinRoutes on Tuesday. The acquisition signifies the unification of CoinRoutes’ cutting-edge algorithmic execution technology with QIS Risk’s powerful tools for portfolio monitoring and risk analytics. CoinRoutes boasts connectivity to over 50 exchanges and access to more than 3,000 digital assets, while QIS

September 30, 2025

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New York Financial Regulator Revamps Crypto Custody Rules Amid Leadership Transition

Adrienne Harris, the current superintendent of the New York Department of Financial Services (NYDFS), has announced significant updates to the regulatory guidance governing cryptocurrency custody in the wake of her upcoming departure from the role. The revisions, described as essential for enhancing consumer protection during potential insolvency scenarios, come just days before Harris’s exit on October 18, 2023. In a notice released on Tuesday, Harris outlined that the updated guidelines build upon the framework initially established in January 2023. The NYDFS aims to clarify regulations surrounding acceptable sub-custodial arrangements, custody protocols for digital assets, and the management of customer funds.

September 30, 2025

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Société Générale’s SG-FORGE Launches Stablecoins on DeFi Platforms Morpho and Uniswap

French banking powerhouse Société Générale is making significant strides in the decentralized finance (DeFi) landscape with its crypto division, SG-FORGE, introducing euro and dollar-pegged stablecoins. In a statement released on September 30, the bank announced that its stablecoins, the EUR CoinVertible (EURCV) and the USD CoinVertible (USDCV), will now be accessible for lending, borrowing, and trading on major Ethereum-based DeFi platforms, Morpho and Uniswap. The integration of these stablecoins into the DeFi ecosystem marks a pivotal move for SG-FORGE, which aims to provide its clientele with a complementary approach to traditional finance operations. By leveraging the innovative capabilities of decentralized

September 30, 2025

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Robinhood (HOOD) Plans Global Rollout of Prediction Markets Following U.S. Launch

Robinhood Markets Inc. is setting its sights on international expansion for its prediction markets product, which recently made its debut in the United States. The popular trading platform is eager to tap into the growing global demand for this innovative trading method, according to a report from Bloomberg. The prediction markets feature allows users to trade contracts based on forecasts of future events, and early engagement suggests a robust interest from users in Europe and the UK. JB Mackenzie, Robinhood’s vice president and general manager of futures and international markets, indicated that the firm is committed to creating a compliant

September 30, 2025

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SEC Explores Blockchain Integration for Stock Trading

The U.S. Securities and Exchange Commission (SEC) is reportedly in the early stages of drafting a proposal that would allow stocks recorded on blockchain platforms to be traded on cryptocurrency exchanges. This effort represents a pivotal move toward bridging traditional finance with emerging digital asset technologies. According to a report from The Information, the SEC’s plan would enable investors to buy and sell stock tokens—digital representations of shares in publicly traded companies—on regulated cryptocurrency exchanges. Sources close to the discussions indicate that this initiative aims to foster the tokenization of assets, a process which involves creating blockchain-based tokens to reflect

September 30, 2025

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Starknet Launches $100M STRK Program to Expand Bitcoin DeFi Capabilities

Starknet, the Ethereum Layer 2 solution, is making waves in the crypto space with the introduction of its latest initiatives aimed at enhancing Bitcoin’s role in decentralized finance (DeFi). During the Token2049 conference held in Singapore on September 30, the network unveiled its plan for Bitcoin staking, a new BTC yield product for institutional investors, and a significant incentive program allocating 100 million STRK tokens. The newly launched BTC staking mechanism allows users to stake their Bitcoin on Starknet’s network, facilitating the generation of rewards without the need to relinquish control over their assets. Starknet claims this to be the

September 30, 2025

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BlackRock’s iShares Bitcoin Trust Surpasses Deribit as Dominant Venue for BTC Options

In a significant turnaround within the crypto derivatives landscape, BlackRock’s iShares Bitcoin Trust (IBIT) has now officially eclipsed Deribit to become the leading platform for Bitcoin options trading. This development marks a pivotal shift as institutional interest continues to reshape the dynamics of the cryptocurrency market. Following the recent expiry, open interest in IBIT options surged to nearly $38 billion, surpassing Deribit’s $32 billion. This shift is remarkable given that Deribit has held the market’s largest share since 2016. The rapid ascension of IBIT, which only launched its options contracts in November 2022, underscores the increasing influx of institutional capital

September 30, 2025

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Indicators Suggest Bitcoin’s $108K Price Marked Local Bottom

Recent market data points to Bitcoin’s (BTC) price of $108,650 as a potential local bottom, as three key indicators signal a possible recovery movement. Following its recent lows, Bitcoin has seen a 5% uptick, climbing up to approximately $114,000, igniting discussions about a bullish turnaround. One of the primary metrics indicating this potential bottom is the entity-adjusted dormancy flow of Bitcoin, which measures the relationship between BTC’s current market capitalization and its annualized dormancy value in US dollars. Historical data shows that when this figure dips below 250,000, it often signifies a prime buying opportunity. Currently, this metric has fallen

September 30, 2025

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Solstice Finance Unveils USX Stablecoin and YieldVault, Empowering DeFi on Solana

Decentralized finance protocol Solstice Finance has officially launched its new USX stablecoin alongside the innovative YieldVault program, further enhancing the DeFi landscape on the Solana blockchain. The introduction of USX seeks to capitalize on the growing demand for stable and yield-generating assets within the rapidly evolving crypto ecosystem. Designed with a 1:1 backing by stable collateral, USX ensures users can access a reliable stablecoin experience, complete with real-time proof of reserves facilitated through the decentralized Chainlink oracle network. This transparency is crucial, allowing participants to track the stability and security of their funds. The accompanying YieldVault program is tailored for

September 30, 2025

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Chainlink and UBS Propel $100 Trillion Fund Sector Into Tokenization Era Through Swift Collaboration

Chainlink is making significant strides in the tokenization of the investment fund industry, collaborating with UBS to streamline interactions between banks and tokenized assets using the Swift messaging system, a cornerstone of traditional finance. In a pilot program with the Swiss banking giant, Chainlink has introduced its Runtime Environment (CRE), which proficiently manages the processing of subscriptions and redemptions for tokenized funds. The initiative leverages ISO 20022 messages, which represent the international standard for financial messaging within Swift’s framework, paving the way for seamless integration between conventional banking systems and blockchain technology. The innovative setup allows banks to tap into