A South Korean digital asset custody firm, BDACS, has launched KRW1, a stablecoin fully backed by the South Korean won, on the Avalanche blockchain. Each KRW1 token is backed one-to-one with reserves held at Woori Bank, one of the country’s largest commercial banks, with a real-time verification system to ensureContinue Reading
IREN’s co-founders, Dan and Will Roberts, have sold one million shares each, cashing out roughly US$33 million apiece after the company’s stock reached all-time highs. The stock’s recent rally, which has seen its share price climb 50% since September 8, follows the news that the company had purchased 9,000 NvidiaContinue Reading
Metaplanet’s Miami subsidiary focuses on Bitcoin income generation and derivatives, led by Gerovich and team. Tokyo’s Bitcoin Japan Inc. manages media, events, and services, supported by the premium Bitcoin.jp domain. The company holds 20,136 BTC (AU$3.55B) and raised ¥212.9B (AU$2.17B) through an international share offering. Metaplanet, Japan’s largest corporate BitcoinContinue Reading
The US Federal Reserve delivered an expected 25 basis point rate cut, the first reduction this year, but cryptocurrency markets showed minimal reaction to the announcement. Bitcoin remained essentially unchanged at US$116,929 over 24 hours, while Ethereum, XRP and Solana posted modest gains. Fed Chair Jerome Powell indicated uncertainty aboutContinue Reading
New SEC standards streamline crypto ETF listings on major US exchanges. Products like Solana, XRP, and Litecoin ETFs may reach the market faster. Approval of Grayscale and Cboe Bitcoin options signals wider adoption. The US Securities and Exchange Commission (SEC) has approved generic listing standards that will allow commodity-based trustContinue Reading
Publicly-listed US company Thumzup Media announced through a SEC filing on Thursday that it had purchased 7.5 million DOGE valued at around US$2 million. Thumzup’s DOGE purchase follows its US$2 million investment in Bitcoin earlier this year and reflects the company’s aggressive pivot towards crypto accumulation. Thumzup began pursuing cryptoContinue Reading
The CME Group will launch options contracts on Solana and XRP futures on October 13, expanding its crypto derivatives products beyond Bitcoin and Ethereum. This launch is in response to the significant growth and liquidity in its existing Solana and XRP futures markets, with Solana futures trading over US$22.3 billionContinue Reading
Sydney-based startup Hana Wallet has launched its Web3 Debit Mastercard, a non-custodial prepaid crypto card that allows users to spend crypto at any location where Mastercard is accepted. The card, issued in partnership with Immersve, a principal member of the Mastercard network, integrates with Apple Pay and Google Pay andContinue Reading
Bitwise has filed with the SEC for a new “Stablecoin & Tokenization ETF,” a fund designed to provide exposure to companies and assets in the growing stablecoin and tokenisation sectors. The fund’s index will be split into two equally weighted halves: an equity sleeve of companies involved in stablecoins andContinue Reading
The SEC’s new standards could slash crypto ETP approval times from 240 days to 75 days. Futures-based requirements may unlock Solana, XRP, and others, echoing ETF growth after 2019 reforms. ETPs alone won’t spark demand, but stablecoins, tokenisation, and rate cuts could drive rally. Matt Hougan, Chief Investment Officer atContinue Reading
