Crypto news today has been anything but quiet. The week kicked off with a 3% drop in Bitcoin price, followed by the whole crypto market downturn, then, before the weekend, talk of Changpeng Zhao’s pardon was in the news, and the week ended with a political catalyst as Donald Trump dominated every feed. Earlier this week, Coinbase finally listed BNB, something most traders didn’t expect this soon, or never expected at all. The weekend ended with the US stock market closing strong, flashing its biggest gree ...

Updates from Kyrgyzstan🇰🇬- The National Stablecoin launched, on @BNBChain- The CBDC is ready for rollout. Yes, both. CBDC will be used for gov related payments, etc- The National Cryptocurrency Reserve set up, #BNB included- LE training- Binance Academy with 10 top Universities- Binance App fully localized in Kyrgyz- Binance Meetup in Bishkek with more than 1000 participantsAlso proud to have brought @ethsign to work with Kyrgyzstan. They did a good job! @yzilabs is a minority investor. We like to provide r ...

bis wants to ban stablecoin yield because banks paying 1.06% can't compete with circle's usdc at 4.25%. they have 10x the margin but 100x the overhead. when incumbents propose bans instead of better products, the disruption already won. circle ipo filing means they know regulatory clarity favors them. $42b usdc going to $400b+ as deposits flee dying banks. ...

RT Ignas | DeFi (@DefiIgnas)Spent three weeks traveling and barely keeping up with crypto.The vibes have shifted significantly since then:There's more anger, uncertainty, and exhaustion on CT following the 10/10 crash.Tired of winning, huh?My portfolio took a hit, too, but alts I hold recovered better than NFTs:Pudgy Penguins down by 35% (move worsen by lending liquidations).Yet looking at onchain stats, the market looks healthy:- TVL in DeFi still near ATHs- Stablecoin supply keeps hitting ATH after ATH- E ...

Group 1: DraftKings - DraftKings has officially entered the prediction market by acquiring the prediction market exchange Railbird, a move that was anticipated since July [2] - The new prediction market app will target states without legal sports betting to avoid jeopardizing existing licenses [3][4] - Following the announcement, DraftKings shares experienced a temporary increase but closed at $33.00, down 4.9% for the day and 3.2% for the week [4] Group 2: Canaan - Canaan, a Bitcoin mining rig manufacturer, has been identified as an "accelerating turnaround story" with a price target of $4 by Benchmark analyst Mark Palmer [5] - The company was previously warned about potential delisting from Nasdaq but has since regained compliance with listing standards, closing the week at $1.89 after a 7.39% daily gain and 18.12% weekly gain [5] - Canaan's Avalon line of Bitcoin mining rigs is gaining popularity, and the company's American Depositary Receipts (ADRs) are considered inexpensive, with expectations for appreciation as it executes its strategy [6]

Core Insights - Custodia Bank and Vantage Bank Texas have launched a live platform for tokenized deposits, transitioning from a pilot to a nationwide network for U.S. banks [1] - The tokens issued are compliant with U.S. banking laws and recognized as deposit instruments under the GENIUS Act [2] Functionality - The tokens function as digital dollars, fully insured by the FDIC when held by participating banks, and behave like stablecoins when transferred to other institutions or wallets [3] - The platform utilizes a patent-pending protocol that combines on-chain and off-chain controls for managing token conversions [4] Infrastructure and Philosophy - The new platform is designed for real-world transactions and operates on a permissionless network, with initial tests conducted on Ethereum and future plans for Bitcoin [5] - The approach emphasizes open access and interoperability, contrasting with major stablecoin issuers that often create proprietary systems [6] Market Impact - The initiative creates a compliant settlement layer that facilitates the movement of insured dollars at blockchain speed while maintaining safety [7]

📊 INSIGHT: Tron leads with $1B in stablecoin inflows while Ethereum faces equal outflows. https://t.co/a6269DynCP ...

State of Solana Q3 on deck for next week 👀Matthew Nay (@NaytheForceBwU):A little sneak peak into our State of @solana Q3 report getting published next weekStablecoin market cap grew 37% QoQ to $14B at the end of Q3, and has already passed $15B this month@global_dollar (USDG) took the third spot with $492M https://t.co/sMzMPWF0kT ...

Core Points - Joe Lonsdale, a prominent supporter of Trump and co-founder of Palantir, criticized the president's decision to pardon Changpeng "CZ" Zhao, co-founder of Binance, suggesting it reflects poorly on Trump's administration [1][2] - Zhao, a significant figure in the cryptocurrency industry, resigned as Binance's CEO in 2023 after the company pleaded guilty to failing to maintain an effective anti-money laundering program, resulting in a $4.3 billion penalty [2] - Lonsdale expressed concerns about the implications of the pardon for future policy and highlighted a previous pardon for ousted Nikola CEO Trevor Milton [3] Industry and Company Context - The pardon has raised eyebrows due to the Trump family's connections with Binance, the largest cryptocurrency exchange globally, including a $2 billion deal involving the Trump family-backed stablecoin USD1 [4] - Senator Elizabeth Warren criticized the pardon, linking it to potential corruption and urging Congress to address such issues in upcoming market structure legislation [5]

Core Insights - Tether projects net profits of approximately $15 billion in 2025, driven by growth in the stablecoin sector and high interest rates enhancing returns on reserves [1][2][3] Company Performance - Tether reported over $13 billion in net profit for 2024, significantly up from $6.2 billion in 2023, with equity surpassing $20 billion due to rising Bitcoin and gold values in reserves [3] - The company achieved a record profit of $4.9 billion in Q2 2025 and has shifted focus towards gold reserves, indicating a diversification strategy beyond its dollar-pegged stablecoin USDT [6] Market Context - The stablecoin market is projected to reach around $316 billion in 2025, with Tether holding a dominant market share and recently achieving 500 million verified users [5] - Competitors like Circle are also expanding, contributing to a dynamic market environment where stablecoin usage for payments and DeFi is increasing [7] Future Outlook - Tether is exploring a funding round of up to $20 billion, which would imply a valuation of $500 billion, positioning it among the top private firms globally [4]