Articles for category: Crypto

October 29, 2025

viralnado

DBS and Goldman Sachs Complete First OTC Interbank Crypto Options Trade in Asia

DBS and Goldman Sachs have jointly executed the inaugural over-the-counter (OTC) cryptocurrency options trade between banks, marking a significant advancement in integrating digital assets within Asia’s institutional finance sector. The transaction centered around cash-settled options on bitcoin (BTC) and ether (ETH), enabling both institutions to manage risk exposure linked to crypto-related products. This groundbreaking move introduces a familiar risk management approach — previously common in traditional finance — into the digital asset ecosystem. Specifically, the deal involved options contracts on bitcoin, priced around $113,421, and ether, priced approximately at $4,028, according to the participating banks. These options grant the holders

October 29, 2025

viralnado

Senate Democrats Demand Transparency on Trump’s Pardon of Binance CEO Changpeng Zhao

Leading Senate Democrats have formally requested detailed information from US Attorney General Pam Bondi and the Department of Justice regarding the recent pardon granted to Binance co-founder Changpeng “CZ” Zhao by former President Donald Trump. In an open letter released on Tuesday, seven Democratic senators expressed concerns that the pardon could set a troubling precedent. They stated that it may convey to cryptocurrency executives and other white-collar offenders that illicit activities can be conducted without consequences. The senators accused Trump of enabling such behavior as long as it financially benefits him. The letter follows earlier criticism from US Representative Maxine

October 29, 2025

viralnado

Tokenized Nasdaq Futures Secure Spot in Hyperliquid’s Top 10 by Volume

TradeXYZ’s tokenized Nasdaq futures market, known as XYZ100, has surged into the top 10 assets by daily volume on Hyperliquid, the decentralized exchange renowned for its permissionless perpetuals trading. The milestone comes shortly after Hyperliquid’s recent HIP-3 upgrade, which launched approximately two weeks ago and enabled permissionless perpetual markets to operate on the platform. XYZ100, a perpetual futures market tracking Nasdaq futures, was TradeXYZ’s inaugural deployment under the HIP-3 framework. TradeXYZ acts as the perpetuals trading division of Unit, which provides Hyperliquid’s tokenization infrastructure. The market’s instant traction has been evident in its recent volume statistics: over the past 24

October 29, 2025

viralnado

Bitcoin Stabilizes Near $112K as Traders Favor Stablecoins Ahead of Fed Decision

Bitcoin held steady around the $112,100 mark during early Asian trading hours, showing a slight decline of 0.5% within the hour and a 1.8% dip over the past 24 hours. Despite this short-term pullback, Bitcoin remains up approximately 3.4% for the week, signaling consolidation as market participants await an upcoming Federal Reserve interest rate decision later this week. Market makers in the region interpret the current price action as a phase of cautious positioning rather than a sharp sell-off. A Singapore-based market maker, Enflux, highlighted that the pattern suggests traders are consolidating holdings rather than aggressively chasing price movements. Concurrently,

October 29, 2025

viralnado

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

viralnado

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

viralnado

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

viralnado

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

viralnado

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

viralnado

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