Articles for category: Crypto

September 27, 2025

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Crypto Treasuries Face Risks Echoing the Dotcom Era

The current landscape of cryptocurrency treasuries is drawing comparisons to the exuberant and occasionally reckless sentiments that characterized the dotcom boom at the turn of the millennium. Ray Youssef, the founder of the peer-to-peer lending platform NoOnes, has noted that the fervor surrounding digital asset treasuries mirrors the mindset of late 1990s investors, which ultimately led to significant losses in the stock market. During the dotcom era, an influx of speculative investment flooded the market as enthusiasts rallied around the promise of revolutionary technology. This led to an economic downturn where many companies, caught up in the hype without sustainable

September 27, 2025

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Plasma’s New Savings Vault Rakes in Nearly $3 Billion Within 24 Hours

The cryptocurrency landscape has witnessed a remarkable surge in interest with the launch of Plasma’s mainnet, which introduced its flagship savings vault to the market. Within just 24 hours of its launch, the vault has garnered an astonishing $2.7 billion in deposits, positioning Plasma as a formidable player in the decentralized finance (DeFi) space. Backed by the prominent exchange Bitfinex, Plasma’s savings vault leverages the technological prowess of both Aave and Veda, enabling users to earn lucrative rewards. Currently, the vault offers an annual percentage yield (APY) of approximately 20% for deposits made in Tether (USDT). This enticing return has

September 27, 2025

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Controversy Erupts Over Alleged Bitcoin Hard Fork Proposal by Developer

Recent discussions surrounding the future direction of Bitcoin have become heated, particularly following claims made about Luke Dashjr, a prominent maintainer of the Bitcoin Knots software. On September 25, an article from The Rage ignited the debate by alleging that Dashjr is advocating for a hard fork that would empower a trusted multisignature committee to make alterations to the blockchain retroactively, review transactions, and remove forbidden content. A hard fork represents a significant divergence in the blockchain protocol, necessitating that all participants upgrade to the new version to maintain compatibility. The article cited purportedly leaked messages in which Dashjr suggested,

September 27, 2025

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UK Seeks Regulatory Framework to Reinforce Crypto Ambitions

The United Kingdom stands at a pivotal moment in shaping its strategy towards the burgeoning digital assets landscape. With aspirations to establish itself as a “leading global crypto hub,” the UK government has yet to develop a coherent and ambitious policy framework to support this goal, causing potential risks for a sector characterized by rapid change. The UK has successfully positioned itself as a formidable player in the global financial arena, but the current regulatory environment for cryptocurrency and decentralized finance (DeFi) lacks the necessary decisiveness and clarity. As capital and innovation continue to flow to more proactive regions, such

September 27, 2025

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Growing Corporate Interest: Businesses Hold up to 15% of Assets on Brazil’s Mercado Bitcoin

Corporate clients, predominantly small and medium businesses, hold between 10% and 15% of total assets on Mercado Bitcoin, Brazil’s leading cryptocurrency exchange. This insight comes from Daniel Cunha, the head of corporate development at the exchange, during an interview conducted at the DAC 2025 conference. Cunha highlighted that these corporate entities are not in the market to aggressively trade but rather to secure their assets. “These companies typically do not move more than 10% of their holdings at any time,” he stated. “Their primary aim is to hold onto their assets instead of trading them.” The primary reason behind this

September 27, 2025

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WLFI Executes $1.43 Million Token Burn Following Strategic Buyback Initiative

World Liberty Financial (WLFI), a decentralized finance project associated with former President Donald Trump, has made a significant move by burning 7.89 million WLFI tokens, equivalent to approximately $1.43 million. This action follows a strategic buyback where the project invested $1.06 million in repurchasing tokens from various chains. According to data sourced from Lookonchain, WLFI successfully accumulated 4.91 million tokens, valued at about $1.01 million, alongside generating $1.06 million from liquidity and fees tied to its DeFi initiatives. The funds were then directed towards the repurchase of 6.04 million WLFI tokens from the open market. Subsequent to the buyback, WLFI

September 27, 2025

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Approval of Multiple Solana Staking ETFs Expected Soon

In a promising development for the cryptocurrency market, several applications for Solana (SOL) exchange-traded funds (ETFs) featuring staking could see approval from U.S. regulators within the next two weeks. This projection comes from ETF analyst Nate Geraci, who shared this insight following the recent submission of regulatory filings. Geraci, president of NovaDius Wealth Management, expressed confidence in a post on social media platform X, stating, “Guessing these are approved [within the] next two weeks.” His predictions are anchored in the recent activity surrounding the U.S. Securities and Exchange Commission (SEC), which received amended S-1 documents from a notable roster of

September 27, 2025

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Plasma’s Savings Vault Sees Surge, Attracts Nearly $3 Billion in Just One Day

In a remarkable display of market interest, Plasma, a stablechain backed by Bitfinex, has successfully launched its mainnet, introducing a lending vault that has captured nearly $2.7 billion in deposits within the first 24 hours. This vault has quickly drawn attention, surpassing the total value locked (TVL) of numerous other blockchains shortly after its launch. The Plasma savings vault provides an attractive annual percentage yield (APY) of about 20% for users depositing USDT. As users flocked to take advantage of the high yields, the vault amassed $1.3 billion shortly after its introduction and has continued to grow, reaching a total

September 27, 2025

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Dubai Fund MGX Acquires 15% Stake in TikTok U.S. Operations to Enhance American Ownership

In a significant move aimed at restructuring the governance of TikTok in the United States, MGX, a fund supported by the Dubai royal family, has secured a 15% equity stake in the U.S. subsidiary of the popular social media platform. This investment aligns with broader efforts to bolster American oversight of the app, which has faced scrutiny regarding its data privacy practices and ownership structure. According to reports from the Washington Post, the deal, which is spearheaded by Sheikh Tahnoon bin Zayed Al Nahyan, positions MGX to collaborate closely with Oracle, the well-known database company co-founded by esteemed tech entrepreneur

September 27, 2025

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XRP Struggles at $2.75 Support as Market Dynamics Shift

XRP is currently facing a challenging market landscape, hovering near the crucial $2.75 support level. Recent analyses suggest that the altcoin may be at risk of a further decline, with projections indicating a potential drop of 8% to 10%, which could see prices fall to between $2.50 and $2.65. The price action of XRP has formed a descending triangle pattern, commonly viewed as a bearish indication. If sustained selling pressure continues, the asset may test lower support levels, particularly the critical range identified around $2.50. This region aligns with both a daily fair value gap and the Fibonacci retracement levels