Today, crypto prices inch higher as stocks are in the green. Families of the victims of the October 7th attacks by Hamas are suing Binance. And Panta's Cosmo Jen breaks down what's fueling the crypto sell-off and what to expect for prices in 2026.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Major cryptocurrencies inching higher this morning as stocks are on the rise ahead of the Thanksgiving holiday.By noon Eastern, Bitcoin rose 8/10en of 1% and traded at $87,800. Ether gains more than half a percent a ...

Bit Digital ( BTBT ) released Q3 earnings last Thursday and delivered $30.5 million in revenue, a 33% YoY growth, and $146.7 million in net income, which was driven by $166.8 million in adjusted EBITDA (which includes a $168 million gain on digital‑assetMandela has been a cryptocurrency enthusiast and trader since 2017. He loves coding and writing about cryptocurrencies and crypto investment strategies. He has an in-depth understanding of distributed ledger technology, the Web3 technology stack, and crypto ...

Core Insights - TeraWulf's WULF Compute segment has experienced significant growth, with over 200% upside since the announcement of the first Fluidstack deal in August [1] - The recent extension of the Mandela has further contributed to the positive momentum in the cryptocurrency space [1] Company Performance - TeraWulf has seen a substantial increase in its stock value, indicating strong market interest and investor confidence [1] Industry Trends - The cryptocurrency market continues to attract attention, with increasing engagement from traders and enthusiasts, highlighting a growing trend in crypto investments [1]

Core Insights - ETHZilla Corporation has transitioned from a clinical-stage biotech company facing cash constraints to one of the fastest-growing entities in the Ethereum USD market [1] Company Overview - ETHZilla Corporation was previously involved in clinical-stage biotechnology but encountered significant liquidity issues that led to a slowdown in research and development activities [1] Industry Context - The company is now capitalizing on the growing interest in cryptocurrencies, particularly Ethereum, indicating a shift in focus towards digital assets and blockchain technology [1]

Core Insights - Liechtenstein has launched a state-backed blockchain infrastructure network, the Liechtenstein Trust Integrity Network (LTIN), to integrate national oversight with digital innovation [1] - LTIN operates under Liechtenstein's Blockchain Act and aligns with the EU's upcoming Markets in Crypto-Assets Regulation (MiCAR) [2] - The initiative aims to enhance compliance for institutions using blockchain technology, thereby reducing compliance risks [3] Industry Developments - LTIN's early partners include Bank Frick, Bitcoin Suisse, Solstice, and Zilliqa, focusing on secure transaction, validation, and identity systems within European jurisdictions [2] - The project emphasizes sustainability, committing to 100% renewable energy use across its operations [2] - The initiative reflects a trend among small European states, such as Liechtenstein, Switzerland, and Luxembourg, to establish themselves as trusted hubs for regulated blockchain activities [4] Strategic Implications - The partnership model of LTIN aims to onboard more participants from the institutional digital asset market, enhancing the ecosystem [4] - LTIN's chairman highlighted the initiative's role in extending Liechtenstein's reputation for regulatory precision into the blockchain sector [3]

Core Insights - The crypto industry, initially a response to the financial crisis, has become increasingly integrated with Wall Street, indicating a growing synergy between the two sectors [1] - The rise in Bitcoin's price and the emergence of decentralized financial applications have attracted Wall Street's interest, although early initiatives faced challenges due to regulatory uncertainties [2] - Recent regulatory developments, including the Genius Act, have created a more favorable environment for crypto, suggesting that blockchain technology is likely to remain relevant [3] Company Developments - Citi has been a pioneer in utilizing blockchain technology through its Citi Token Services program, which facilitates 24/7 payments among institutional clients using a private blockchain [4] - The potential for broader applications of blockchain in banking remains uncertain, but some institutions are exploring the tokenization of financial instruments and the issuance of stablecoins [5] - The Securities and Exchange Commission's efforts to establish new regulatory frameworks for crypto are enabling Wall Street to investigate innovative applications, particularly in tokenized stocks [5]

Core Viewpoint - The Bank of England is advancing plans to limit stablecoin holdings while allowing exemptions for certain crypto firms in response to industry feedback [2][3][5] Group 1: Regulatory Framework - The Bank of England aims to strengthen oversight of digital money and maintain financial stability by introducing limits on stablecoin holdings [2][3] - Individuals may hold stablecoins valued between $13,400 and $26,800 (£10,000–£20,000), while businesses could hold up to $13.5 million (£10 million) [2] - The revised framework will differentiate between stablecoins used for consumer payments and those used by institutions for settlement or liquidity management [4] Group 2: Exemptions and Industry Impact - Following industry objections, the BoE plans to include exemptions for crypto exchanges, custodians, and fintech firms that require larger stablecoin reserves for operational liquidity [3][5] - The exemptions aim to support market makers, exchanges, and blockchain projects within the UK's Digital Securities Sandbox, which serves as a regulatory testbed [5][6] - The sandbox is overseen by both the BoE and the Financial Conduct Authority (FCA) and is part of the UK's initiative to modernize capital markets using distributed ledger technology [6] Group 3: Future Implementation - The final proposal from the BoE will be subject to public consultation later this year, with phased implementation expected in 2026 [4] - The approach acknowledges the essential role of stablecoins in the tokenization of real-world assets, balancing risk control with innovation [6][7]

Core Insights - Bank of New York Mellon Corp. is testing tokenized deposits to modernize its payments infrastructure and expand blockchain use in global finance [1] - The initiative aims to facilitate blockchain-based payments using tokenized versions of traditional deposits [1][3] Group 1: Project Overview - The project supports real-time, instant, and cross-border transactions across BNY Mellon's global network [2] - BNY Mellon's treasury services division processes approximately $2.5 trillion in payments daily [3] Group 2: Technology and Benefits - Tokenized deposits serve as digital representations of cash held at commercial banks, enabling instant transfers and real-time transaction settlements [4] - This technology is expected to make payments cheaper, faster, and available 24/7 [4] Group 3: Industry Context - BNY Mellon's move aligns with growing blockchain adoption among major financial institutions, with JPMorgan and HSBC also launching similar initiatives [5] - Several European banks are exploring fiat-linked stablecoins, indicating a trend towards modernizing the global payments ecosystem [6] Group 4: Regulatory Environment - The acceleration of blockchain adoption in traditional finance is influenced by emerging regulatory clarity in the U.S. and Europe [7]

Core Insights - SWIFT has confirmed the integration of Ethereum layer 2 Linea for its new blockchain-based payment settlement system, marking a significant step in bridging decentralized finance (DeFi) and traditional finance (TradFi) [1][2] SWIFT and Linea Integration - SWIFT has partnered with Consensys and over 30 global financial institutions to develop a 24/7 real-time crypto payments infrastructure, with Linea being the chosen platform [2] - Linea is a zk-EVM rollup designed to reduce transaction fees and enhance scalability, processing approximately 1.5 transactions per second at about one-fifteenth the cost of Ethereum mainnet fees [4] Institutional Adoption and Market Impact - SWIFT processes around $150 trillion in global payments annually, and moving a portion of this to blockchain could represent one of the largest institutional integrations of distributed ledger technology [5] - Major banks such as Bank of America, Citi, JPMorgan Chase, and Toronto-Dominion Bank are participating in the pilot phase, which could position SWIFT as a competitor to Ripple's XRP Ledger [6] Broader Trends in Banking - The initiative reflects a growing momentum in the banking sector towards tokenized settlement infrastructure, as evidenced by trials like JPMorgan's Onyx network and Citi's tokenization pilots [7] - If successful, SWIFT's project could diminish Ripple's appeal to banks and solidify Ethereum's role in cross-border settlements [8] Future Potential of Linea - Linea is viewed as a platform for decentralized communities and governance, with potential applications extending beyond payments [9] - Decentralized autonomous organizations (DAOs) are exploring similar systems using smart contracts, indicating a broader interest in blockchain-based governance solutions [10] Next Steps for SWIFT - While SWIFT has not provided a timeline for commercial launch, the pilot with over 30 banks indicates a move beyond testing [11] - The success of blockchain-based settlement adoption will depend on regulatory clarity and interoperability with existing systems, with Linea's selection linking SWIFT directly to Ethereum's scaling ecosystem [11]

Core Insights - The 2025 DLT in the Real World report indicates a significant shift in the adoption of distributed ledger technology (DLT) and digital assets, moving from theoretical discussions to operational implementations [1][2][12] - Broadridge Financial Solutions is at the forefront of this transformation, processing over $280 billion in average daily repo transactions in August 2025, a substantial increase from $45 billion a year ago [2] Adoption Trends - 36% of respondents report active DLT initiatives, highlighting advancements in tokenization, settlement, and secure transaction processing [3] - North America leads in DLT adoption, with 50% of firms running live projects, marking a 72% increase from the previous year [4] - In the APAC region, 43% of respondents are live with DLT and digital assets, reflecting ongoing confidence and development [5] Buy-Side Engagement - 61% of buy-side firms are engaged in proof of concepts, pilots, or live digital asset initiatives, indicating strong investor participation [6] - Firms are leveraging DLT and digital assets to improve intraday liquidity (85%) and reduce transaction costs (79%) [6] Financial Investment - Budgets for DLT and digital assets have tripled since 2020, with average annual spending on digital assets reaching $2.2 million in 2025 and DLT investments averaging $1.8 million [7] - Over 40% of respondents are using DLT to drive new product revenues, doubling from the previous year [7] Industry Challenges - Despite progress, firms face challenges such as limited secondary market liquidity and legal clarity, yet nearly half indicate that political and market conditions have accelerated adoption [10] Future Outlook - Expectations for 2026 suggest a transition from pilot projects to fully integrated operations, with DLT becoming integral to capital markets infrastructure [11]