Articles for category: Crypto

September 23, 2025

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Boerse Stuttgart Digital Launches Operations in Spain Amid Growing Crypto Demand

Boerse Stuttgart Digital, the cryptocurrency division of the Stuttgart Stock Exchange Group, has officially established its presence in Spain with the opening of a new office in Madrid. This strategic expansion marks a significant milestone for the company as it broadens its reach across Europe, now operating in eight countries, including Frankfurt, Zurich, and Milan. The latest development comes on the heels of the company securing the inaugural Europe-wide Markets in Crypto-Assets Regulation (MiCAR) license from Germany’s BaFin regulatory authority earlier this year. This license enables Boerse Stuttgart Digital to offer a comprehensive range of trading and custody solutions tailored

September 23, 2025

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Societe Generale Launches USD Stablecoin with Bullish Europe Listing

Societe Generale-FORGE (SG-FORGE), the cryptocurrency arm of the prominent French banking institution Societe Generale, has made a significant leap by partnering with Bullish Europe’s exchange platform to introduce its first USD stablecoin, dubbed USD CoinVertible (USDCV). This development marks a new phase in the bank’s engagement with digital currencies, as they aim to establish a stronger foothold in the crypto market. The USDCV stablecoin, which has been live on both Ethereum and Solana networks since its initial launch in June 2023, is now set to be featured on Bullish Europe. This strategic move highlights the growing acceptance of digital assets

September 23, 2025

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Jamie Dimon Warns Rate Cuts Depend on Inflation Trends, Dismisses Stablecoin Concerns

JPMorgan Chase CEO Jamie Dimon recently expressed critical insights on the potential for interest rate cuts by the US Federal Reserve, emphasizing that such actions hinge significantly on inflation rates. Speaking with CNBC-TV18, Dimon articulated that the Fed faces challenges in reducing rates while inflation is persistently high, noting that the current inflation rate appears to be “stuck at 3%.” Dimon cautioned, “If inflation does not go away, it’s going to be hard for the Fed to cut more.” He conveyed optimism about overall economic growth but stressed that expectations for rate reductions should be tempered. This commentary comes amid

September 23, 2025

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XRP Faces Downward Pressure as Market Reacts to ETF Launch; $2.75 Target in Sight

XRP experienced a significant downturn in one of its most tumultuous trading days of 2025, plummeting nearly 5% as institutional investors capitalized on the recent launch of the REX-Osprey ETF. This “sell-the-news” phenomenon led to a staggering loss of $11 billion in market capitalization, leaving the digital asset grappling to maintain critical support at $2.77. Background on ETF Launch The inauguration of the U.S. XRP ETF through REX-Osprey was marked by a record-breaking performance, posting an impressive $37.7 million in volume on its first day, marking the largest ETF launch of the year. However, the excitement surrounding the event quickly

September 23, 2025

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XRP Faces Downward Pressure as Market Responds to ETF Launch

XRP experienced a significant downturn on one of the most turbulent trading days of 2025, dropping almost 5% as institutional investors reacted to the debut of the REX-Osprey ETF. This sell-off led to a staggering loss of $11 billion in market capitalization, leaving XRP battling to maintain a crucial support level at approximately $2.77. The launch of the first U.S. XRP ETF, the REX-Osprey, made headlines by achieving a remarkable trading volume of $37.7 million on its inaugural day, marking it as the largest ETF launch of the year. However, the excitement was overshadowed by a wave of selling from

September 23, 2025

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Major Market Shakeout: $1.8 Billion in Crypto Liquidations Hits Traders

In a dramatic turn of events this week, overleveraged crypto traders faced significant losses, with liquidations totaling a staggering $1.8 billion—the largest event of its kind in 2023. This sell-off coincided with a plummet in the crypto market capitalization, which dropped by more than $150 billion, concluding at a two-week low of $3.95 trillion. According to data from CoinGlass, the market upheaval led to the liquidation of around 370,000 traders predominantly holding long positions in Bitcoin (BTC) and Ether (ETH), but altcoins also bore the brunt of this correction. As Bitcoin dipped below $112,000 on Coinbase and Ether went under

September 23, 2025

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Crypto Market Hit by $1.8 Billion in Liquidations in Massive Long Position Flush

In a dramatic turn of events for the cryptocurrency market, overleveraged traders faced significant setbacks as nearly $2 billion was liquidated in one of the largest market flushes of the year. In just 24 hours, more than 370,000 positions were liquidated, resulting in approximately $1.8 billion in losses, as reported by CoinGlass. The liquidation wave primarily targeted long positions in key cryptocurrencies such as Ether (ETH) and Bitcoin (BTC). As these assets grappled with price declines, the overall market capitalization tumbled by over $150 billion, dipping to a two-week low of $3.95 trillion. Bitcoin fell below $112,000 while Ether dropped

September 23, 2025

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Lawmakers Urge SEC to Expedite Crypto Inclusion in 401(k) Plans

U.S. lawmakers are pressing the Securities and Exchange Commission (SEC) to take swift action to facilitate the inclusion of cryptocurrency in the nation’s 401(k) retirement plans. In a letter addressed to SEC Chair Paul Atkins, nine legislators, led by House Financial Services Committee Chairman French Hill and Capital Markets Subcommittee Chair Ann Wagner, emphasized the urgency of implementing a recent executive order from former President Donald Trump. The executives’ order, signed in August, aims to “Democratize Access to Alternative Assets for 401(k) Investors” and directs the SEC to reevaluate its existing policies on alternative investments, including cryptocurrencies, in retirement plans.

September 23, 2025

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Wingbits Partners with Korean Air to Enhance Air Traffic Coordination with Real-Time Data

Good morning, Asia! In today’s market briefing, we spotlight the latest collaboration making waves in the aviation and cryptocurrency sectors. Korean Air has entered into a significant research partnership with Stockholm-based Wingbits, a company specializing in decentralized air traffic data solutions. This agreement focuses on supplying real-time ADS-B (Automatic Dependent Surveillance–Broadcast) data to support Korean Air’s innovative ACROSS air traffic coordination system, enhancing the airline’s efforts in managing air traffic across Korea’s Incheon FIR, as well as regions in North America and Europe. This partnership is particularly timely as the airline explores future advancements in aviation, including the integration of

September 23, 2025

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Tether Rebuts Claims of Withdrawal from Uruguay Amid $4.8M Debt Dispute

In response to recent reports alleging its exit from Uruguay, Tether, the issuer of the USDT stablecoin, has firmly denied claims that it has ceased its crypto mining operations in the country due to a $4.8 million debt controversy involving a state-owned energy company. Local media outlet Telemundo recently reported that Tether’s operations were halted after the National Administration of Power Plants and Electric Transmissions (UTE) cut power to its facilities, citing an unpaid electricity bill of $2 million for May. Furthermore, the report noted that the company owed an additional $2.8 million for various local projects, accumulating total liabilities