Articles for category: Crypto

September 25, 2025

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Bitcoin Faces Bearish Pressure as ETF Inflows Slow Down

Bitcoin has recently experienced a downturn, with its price hitting $111,000, raising concerns of a potential slide towards the $90,000 mark. A noticeable drop in demand for spot Bitcoin exchange-traded funds (ETFs) has intensified the bearish sentiment within the market. According to Glassnode’s latest Weekly Market Impulse report, ETF inflows dropped significantly last week. From a peak of $2.03 billion, net inflows plummeted 54% to $931.4 million. This stark reduction points to a weakening interest from institutional investors, which was previously robust during the early part of September. Back then, Bitcoin saw a price surge of nearly 10%, driving ETF

September 25, 2025

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HKMA Sounds Alarm on Unregulated Stablecoin Activities Amid New Regulations

The Hong Kong Monetary Authority (HKMA) has issued a stern warning to investors concerning the unregulated issuance of stablecoins in the city. According to reports from the South China Morning Post (SCMP), the HKMA clarified that it has not authorized any stablecoin issuers, labeling the promotion of such financial products as illegal. This announcement follows the recent launch by AnchorX, a Hong Kong-based firm, of its new stablecoin, AxCNH, which is pegged to the offshore Chinese yuan. AnchorX claimed to hold a license from Kazakhstan’s Astana Financial Services Authority and stated that AxCNH was designed to facilitate cross-border payments and

September 25, 2025

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Curve DAO Greenlights $60 Million crvUSD Credit Line for Bitcoin Liquidity Pools

In a significant move, the Curve decentralized autonomous organization (DAO) has approved a substantial $60 million credit line in crvUSD stablecoin for Yield Basis, a new protocol spearheaded by Curve founder Michael Egorov. This funding comes just ahead of Yield Basis’ imminent mainnet launch. The recent vote enables Yield Basis to establish Bitcoin-centric liquidity pools, which aim to mitigate impermanent loss—an issue that arises when liquidity pool assets lose value relative to holding them outright. This initiative is designed to tap into decentralized finance (DeFi) opportunities for Bitcoin (BTC), thereby enhancing the overall Curve ecosystem. Under the strategic plan, three

September 25, 2025

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Australia Proposes New Regulation to Integrate Crypto Under Financial Services Laws

The Australian government is taking significant steps to regulate digital assets within its financial framework. In a recent announcement, the Treasury introduced a draft proposal aimed at requiring cryptocurrency companies to obtain financial service licenses and categorize their operations as financial products. This proposed legislation seeks to align crypto firms with existing regulatory standards applicable to other financial institutions. Under this framework, companies operating digital asset platforms (DAPs) and tokenized custody platforms (TCPs) would be subject to oversight by the Australian Securities and Investments Commission (ASIC), which serves as the country’s financial securities regulator. Daniel Mulino, the assistant treasurer, unveiled

September 25, 2025

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Naver Financial Set to Acquire Dunamu in Strategic Stock Swap for Crypto Expansion

Naver Financial, the fintech division of South Korean tech giant Naver, has announced plans to acquire Dunamu, which is responsible for running Upbit, the nation’s leading cryptocurrency exchange. This acquisition aims to bolster Naver’s ambitions in the digital finance sector, including the development of a new stablecoin project. According to South Korean news outlets, including Yonhap News and Chosun, the acquisition will occur through a share exchange, effectively making Dunamu a subsidiary of Naver. Board meetings are scheduled to soon finalize the details of this stock swap, signaling a significant step in Naver’s evolution within the fintech landscape. Often referred

September 25, 2025

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Gate Makes Waves with New Layer 2 Blockchain and Tokenomics Revamp

The cryptocurrency exchange Gate has officially introduced Gate Layer, a new Layer 2 blockchain designed to enhance transaction speeds and minimize costs for its users. This announcement comes alongside a significant upgrade to the GT (GateToken) ecosystem aimed at improving efficiency and engagement within the platform. According to a statement released by the company, Gate Layer is constructed upon the OP Stack and boasts full compatibility with Ethereum, with GateChain serving as its primary settlement layer. This strategic positioning reflects Gate’s commitment to its “All in Web3” vision, which aims to provide comprehensive services within the decentralized web. As part

September 25, 2025

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Crypto Firms Turn to Share Buybacks in Quest for Credibility and Investor Confidence

In a notable trend within the cryptocurrency industry, several companies with significant Bitcoin and digital asset holdings are implementing stock buyback programs. This strategy aims to enhance their market credibility and attract more investor interest, according to analysts in the space. Thumzup, a media company with ties to Donald Trump Jr. that holds both Bitcoin (BTC) and Dogecoin (DOGE), announced an increase in its share buyback initiative from $1 million to a substantial $10 million. This announcement resulted in a 7% surge in its stock price (TZUP) during the trading session, with an additional after-hours rise of 0.82%, bringing the

September 25, 2025

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DePIN Sector Fees Surge to Record Levels Amid Continued Token Struggles

The decentralized physical infrastructure network, or DePIN, is experiencing a significant uptick in fees, reaching unprecedented levels over the past month. While the sector has faced challenges in maintaining robust token performances, the overall activity surrounding DePIN protocols suggests a positive trajectory for the ecosystem. Leading the charge in the DePIN landscape is Helium, which has seen a dramatic increase in fee generation attributed to its recent collaboration with the innovative Solana Seeker mobile phone. This partnership has not only solidified Helium’s position within the DePIN sector but has also provided a much-needed boost to the overall metrics of this

September 25, 2025

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Bitcoin Boosts Crypto Millionaire Count by 40% as Market Surges to $3.3 Trillion

The ranks of crypto millionaires have seen a remarkable escalation, reaching a total of 241,700 individuals, representing a 40% increase within just one year. This surge is detailed in the latest Crypto Wealth Report 2025 released by Henley & Partners, which highlights the rising tide of wealth within the digital asset space. As of June 2025, the overall market capitalization of cryptocurrencies has soared to $3.3 trillion, reflecting a significant 45% increase compared to the previous year. Bitcoin has played a pivotal role in this wealth creation, with the number of holders possessing over $1 million in Bitcoin (BTC) jumping

September 25, 2025

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Senate Finance Committee to Examine Cryptocurrency Taxation Framework Next Week

The United States Senate Finance Committee is gearing up to address the taxation of digital assets in a hearing scheduled for Wednesday of next week. This discussion arrives on the heels of a comprehensive report on cryptocurrencies published by the White House Digital Asset Working Group in July, which urged lawmakers to create specific tax frameworks tailored for the unique characteristics of digital assets. Chairman Mike Crapo will lead the proceedings, which will feature testimony from key figures in the cryptocurrency tax landscape. Among those speaking will be Lawrence Zlatkin, the Vice President of Tax at Coinbase, alongside Jason Somensatto,