Bitcoin fell 6% to US$109,277 as other major cryptocurrencies suffered even steeper losses. Market data reveals distribution currently leads over accumulation, with long-side liquidations rising and futures open interest falling from US$44.8 billion to US$42.7 billion. Long-term holders have realised profits on US$3.4 million BTC just as ETF inflows cooledContinue Reading

Chinese energy services company Jiuzi Holdings approved a new treasury framework allowing up to US$1 billion of its reserves to be invested in cryptocurrencies, primarily Bitcoin. The investment strategy is designed for long-term storage of value to hedge against macroeconomic uncertainties, not for short-term trading or speculation. Chinese energy servicesContinue Reading

Tether is in talks for a multibillion-dollar equity raise valuing the firm at close to half a trillion. CEO states fundraising would significantly expand Tether’s operations across multiple business areas. USDT leads stablecoin market with US$172B supply; Cantor Fitzgerald supports in an advisory role. Tether is said to be holdingContinue Reading

Yield-bearing stablecoins generate income by investing reserves in interest-bearing assets like US Treasuries, unlike traditional static stablecoins. Australia’s forthcoming 2025 legislation will require full reserve backing, clear ownership disclosure, and guaranteed redemption rights for stablecoins. Australian companies like Catena Digital and AUDC are developing domestic stablecoins (AUDM and AUDD) withContinue Reading

Warren, Hirono, and Blumenthal press the DOJ for answers on Binance’s compliance with its 2023 settlement. Senators raise concerns over Trump family’s Binance ties and possible removal of compliance monitor. Lawmakers request that the DOJ deliver substantive answers about Binance’s obligations by 1 October 2025. US Senator Elizabeth Warren andContinue Reading

Australia’s market regulator, ASIC, has granted class relief to secondary distributors of stablecoins issued by Australian Financial Services (AFS) licensed issuers, removing significant regulatory overhead for distributors. The relief currently only applies to one stablecoin, AUDM issued by Catena Digital, but ASIC said it may extend the relief as moreContinue Reading

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