Articles for category: Crypto

October 29, 2025

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Ethereum’s Fusaka Upgrade Enters Final Testnet Phase Ahead of December Launch

Ethereum is preparing for a significant network upgrade with the Fusaka hard fork now live on the blockchain’s final testnet, Hoodi. This milestone clears the path for the mainnet release scheduled for December 3, which aims to enhance Ethereum’s scalability and security features. Nethermind, a prominent validator client developer, confirmed the successful execution of the fork on the Hoodi testnet through a post on X, stating, “Another smooth upgrade, another key milestone on the road to Fusaka.” This signals readiness for the impending launch on Ethereum’s main network. The Fusaka upgrade integrates several Ethereum Improvement Proposals (EIPs) designed to improve

October 28, 2025

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Crypto.com’s CRO Surges as Truth Social Launches Regulated Prediction Market Feature

Crypto.com’s Cronos (CRO) token experienced a notable 6% increase, reaching $0.15 on Tuesday, following the announcement that Truth Social, the social media platform linked to former U.S. President Donald Trump, will introduce a new prediction market service in partnership with the centralized exchange. The feature, named Truth Predict, will enable users to trade contracts based on the likelihood of outcomes for real-world events such as election results, interest rate fluctuations, and sports competitions. This development was confirmed through an official press release issued by Crypto.com. Truth Predict users will earn platform-specific rewards called “Truth gems” as they participate, which can

October 28, 2025

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OpenAI Transitions to Public Benefit Corporation as Microsoft Secures 27% Stake in $135B Valuation

OpenAI, the artificial intelligence organization famed for creating ChatGPT, has shifted its corporate structure to a public benefit corporation. This strategic move is intended to provide the company with enhanced ability to attract investment while advancing its AI development goals. According to The Wall Street Journal, the restructuring grants Microsoft a 27% ownership interest in the newly formed entity, valuing OpenAI at approximately $135 billion. The partnership between the two tech giants has also been extended, ensuring that Microsoft retains privileged access to OpenAI’s core AI technologies for the next seven years. As part of this agreement, OpenAI has committed

October 28, 2025

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Bitcoin’s Rising Price Challenges Retail Investors, Potentially Limits Bull Run Above $125K

Bitcoin’s escalating price is increasingly putting the cryptocurrency out of reach for typical retail investors, sparking debate about the sustainability of the current bull market cycle beyond its traditional four-year pattern. According to recent analysis by crypto intelligence firm 10x Research, Bitcoin (BTC) may have become too costly for steady retail buying, which could threaten the anticipated continuation of the ongoing bull market. The company urged caution about relying heavily on historical Bitcoin cycles to predict future movements, emphasizing the uncertainties inherent in such projections. In a report published Tuesday, 10x Research highlighted the notion of “diminishing returns” in Bitcoin’s

October 28, 2025

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AI Token Market Rebounds on Surging x402 Protocol Adoption and Virtuals Ecosystem Growth

The artificial intelligence (AI) cryptocurrency sector is showing renewed momentum as protocols based on the x402 standard experience significant growth and the Virtuals ecosystem regains traction. After months of stagnation following the early 2024 memecoin wave, several AI-focused tokens have posted notable gains, signaling a potential revival in this niche of the crypto market. One of the standout performers is VIRTUAL, the native token of the Virtuals ecosystem, which has surged approximately 84% over the past week. Within the same period, ecosystem affiliate tokens like TIBBIR and AIXBT have climbed 27% and 54%, respectively. These gains coincided with Coinbase’s decision

October 28, 2025

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US Rep Khanna Seeks To Ban Trump, Family From Crypto Trading

US Representative Ro Khanna, a Democrat from California, has publicly urged Congress to prohibit President Donald Trump, his family members, and other government officials from engaging in cryptocurrency and stock trading. Speaking on MSNBC, Khanna highlighted concerns about potential conflicts of interest stemming from Trump’s connection to the crypto sector through his son’s project, World Liberty Financial (WLFI). Khanna criticized what he described as “blatant corruption” linked to the recent presidential pardon granted to Binance co-founder Changpeng Zhao, commonly known as CZ. The California lawmaker accused CZ of improper activities, alleging that the Binance founder was involved in money laundering

October 27, 2025

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Canada Set to Introduce Stablecoin Regulations in Upcoming Federal Budget

The Canadian federal government is reportedly preparing to introduce new regulatory measures for stablecoins, potentially unveiling the framework as part of the upcoming federal budget scheduled for November 4. This move marks Canada’s effort to align with international standards following the recent legislative advancements in the United States, notably the passage of the GENIUS Act. According to sources familiar with the matter, officials have engaged in ongoing consultations with regulators and industry representatives over the past several weeks. The anticipated announcement is expected during Finance Minister François-Philippe Champagne’s budget presentation, signaling a significant step toward establishing a clearer legal structure

October 27, 2025

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Fed Rate Decision and Key Crypto Upgrades Set to Shape Market This Week

The cryptocurrency space is gearing up for an eventful week as market participants await several influential developments. Bitcoin (BTC) currently trades around $115,820, while Ethereum (ETH) holds steady near $4,217 amid a largely rangebound market. Traders and investors are closely watching to see if either asset can break through critical support or resistance levels. A significant event looming on the calendar is the Federal Reserve’s interest rate decision scheduled for October 29. The Fed is widely expected to set the federal funds rate target range between 3.75% and 4%, a move that could have considerable ripple effects across crypto and

October 27, 2025

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Consequences of Ignoring Crypto Tax Reporting: What the IRS and Global Authorities Are Doing

As cryptocurrency continues to gain mainstream traction, tax authorities worldwide have intensified efforts to ensure investors comply with reporting requirements. Agencies like the Internal Revenue Service (IRS) in the United States, His Majesty’s Revenue and Customs (HMRC) in the United Kingdom, and the Australian Taxation Office (ATO) treat cryptocurrencies not as currency but as capital assets. This classification means that activities such as selling, trading, exchanging, or spending crypto are considered taxable events subject to capital gains tax. Understanding Why Crypto Taxes Matter Unlike traditional currencies, cryptocurrencies are treated similarly to stocks or real estate in the eyes of tax

October 27, 2025

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Bitcoin Poised for Surge as Bank Reserves Near Critical Low, Says Author Adam Livingston

Bitcoin may be on the verge of a significant price movement as bank reserve balances held at the Federal Reserve approach a critical low point, according to Adam Livingston, a bitcoin-focused author and market analyst. Livingston’s analysis builds on observations from The Kobeissi Letter, an independent macro markets newsletter run by analyst Adam Kobeissi. The newsletter recently highlighted that reserve balances—essentially the cash banks keep on deposit at the Fed—have declined to roughly $2.93 trillion, nearing the lower end of their recent range. This figure is important because these reserves represent the banking system’s liquidity buffer, and a reduction signals