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Ethereum to Overtake BTC? Joe Lubin DESTROYS the Bitcoin Maxis
Cointelegraph· 2025-10-17 15:57
There's one true way. It's Bitcoin and only Bitcoin. That's a religion.>> In your opinion, will there be a flipping. >> If Bitcoin is digital gold, Ethereum is digital oil, it's going to be a lot lot bigger than Bitcoin. >> You think that is it the best to wait uh and hold uh even with a 80% decline.Satoshi showed up uh invented decentralized trust because there was something wrong uh that uh he he they perceived. Um essentially um it was the way everything around us was constructed. uh top down command and ...
Japanese Banking Giants Enter Stablecoins, Challenge USDT and USDC Dominance
Yahoo Finance· 2025-10-17 14:24
Core Insights - Japan's three largest banks, Mitsubishi UFJ Bank, Sumitomo Mitsui, and Mizuho, are collaborating to launch stablecoins pegged to the Japanese yen and US dollar to compete with USDT and USDC [1][2] - The yen-backed stablecoin will initially be utilized for settlements by Mitsubishi Corporation, with plans for broader adoption across Japan [1][2] - The initiative is supported by Progmat, a blockchain infrastructure company established by MUFG, which will oversee the issuance and governance of the stablecoin [3][4] Group 1 - The three megabanks serve over 300,000 major business partners and aim to create a structure for corporate clients to transfer stablecoins under uniform standards [2] - The banks have partnered with various players in the crypto sector, including Bitbank, Avalabs, and Fireblocks, to enhance the stablecoin's infrastructure [4] - The stablecoin, named JPYC, will maintain its peg to the yen through reserves of highly liquid assets, with plans to issue 1 trillion yen (approximately $6.64 billion) over the next three years [5] Group 2 - The global interest in stablecoins is rising, with the total market capitalization recently surpassing $307 billion, where USDC and USDT dominate the market [6] - Currently, only Circle's USDC has received approval as a global dollar stablecoin for use in Japan, highlighting the competitive landscape [6]
Tokenized Gold Soars as Metal Hits Record Highs
Yahoo Finance· 2025-10-16 23:54
Core Insights - Gold-linked digital assets are experiencing significant growth as gold prices exceed $4,370 per ounce, leading to the launch of new blockchain-based products that transform gold into on-chain financial instruments [1] - The tokenized gold sector has rapidly expanded in 2025, with total capitalization nearing $3.4 billion, a substantial increase from $500 million earlier this year, driven by institutional demand for stable, asset-backed instruments [2] - Tether has introduced XAUT0, an omnichain gold token, which links Solana to Tether's $175 billion cross-chain liquidity base, allowing each token to represent a fraction of a troy ounce of physical gold held in audited vaults [3] Market Dynamics - Over 7,300 XAUT0 tokens are currently in circulation, processing more than $25 billion in total bridge volume, indicating robust market activity [4] - Daily trading in tokenized gold has surpassed $600 million, reflecting strong demand for physical bullion [6] - Analysts highlight that tokenized gold serves as a bridge between traditional finance and digital liquidity, with tokens settling instantly and integrating into decentralized finance platforms [7] Price Performance - PAX Gold (PAXG) is trading around $4,413, having surged more than 65% year-over-year, while Tether Gold (XAUT) is priced near $4,360, gaining 63% [7] - The combined market capitalization of PAXG and XAUT is approaching $3.0 billion, showcasing the shift of physical value stores onto blockchains [7]
X @BitMart
BitMart· 2025-10-16 21:50
Event Overview - Blockchain Life 2025 is scheduled for October 28-29 in Dubai [1] - The event features a panel discussion on the convergence of Centralized and Decentralized Finance [1] Participants - BitMart's Global CEO, Nenter Chow, will be a speaker at Blockchain Life 2025 [1] - Other speakers include representatives from BingX, Bitget, and BitMEX [1] Promotional Information - A discount code "bitmart" offers 10% off tickets for the event [1]
Trump Family Reportedly $1 Billion In Profit From Crypto Ventures
Yahoo Finance· 2025-10-16 21:31
Core Insights - U.S. President Donald Trump has reportedly built a crypto empire valued at over $1 billion through various family-run ventures, including memecoins, stablecoins, and tokenized finance [1][2] Group 1: Financial Performance - Trump and his family have earned over $1 billion in pre-tax profits from their digital asset ventures, which include memecoins, stablecoins, trading cards, and decentralized finance projects [2] - The family's memecoin projects, TRUMP and MELANIA, generated approximately $427 million in fees and trading profits [7] Group 2: Business Operations - The network of companies behind the Trump family's digital asset operations has rapidly expanded since his return to the presidency [2] - World Liberty Financial, co-founded by Trump's sons, operates the WLFI token and the USD1 stablecoin, with token-sale proceeds estimated above $2.7 billion [4] Group 3: Regulatory Environment - Trump's administration has been characterized as one of the most industry-friendly in U.S. history, with policies including the creation of a national Bitcoin reserve and relaxed enforcement at the SEC [3] - Following the resignation of Gary Gensler from the SEC, enforcement actions against major crypto donors were reportedly dropped or settled [6] Group 4: Family Involvement - Eric Trump indicated that the family's actual crypto profits might exceed the reported $1 billion [5] - DT Marks DeFi LLC, controlled by the Trump family, initially owned 75% of World Liberty Financial but later reduced its stake to 38% [5]
X @Uniswap Labs 🦄
Uniswap Labs 🦄· 2025-10-16 18:25
RT Solana (@solana)Welcome to Solana, @Uniswap🦄 ...
Blaqclouds Joins the Made by Ape Program as Authorized Licensee
Prism Media Wire· 2025-10-16 11:30
Core Insights - Blaqclouds, Inc. has been officially approved as a Made by Ape licensee, allowing it to use the "Made by Apes" designation within the BAYC and MAYC ecosystem [2][9] - This designation connects Blaqclouds to a significant community in Web3, enhancing its credibility and market presence [9][11] - The Made by Ape program offers various funding and partnership opportunities for licensed projects, promoting growth and sustainability within the ecosystem [4][8] Funding Opportunities - LFG Ventures provides funding to promising MBA-licensed projects through DeFi strategies, often in exchange for revenue-sharing agreements [6] - The Swamproots Builder Initiative funds on-chain projects that contribute to the sustainability of ApeChain and the ApeCoin community [6] - Made by Apes businesses can apply for funding through the ApeChain proposal process, allowing community members to vote on project funding [7] Partnership Opportunities - Blaqclouds' MBA license validates its mission and connects it to a culturally significant community, enhancing its efforts in decentralized identity and payment solutions [9][11] - The license allows Blaqclouds to use Made by Ape branding, ensuring legitimacy and compliance within the BAYC and MAYC ecosystem [11] - Strategic collaborations with Yuga Labs and participation in events like ApeFest provide MBA brands with visibility and networking opportunities [11] Company Overview - Blaqclouds aims to bridge traditional finance and decentralized ecosystems, focusing on real-world blockchain applications for commerce and payments [10] - The company offers various platforms, including ShopWithCrypto.io for crypto-to-gift card commerce and ZEUSxPay.io for Web3 payments [12]
Visa Says It Wants to Build the Rails for Lending in ‘Onchain Finance,’ Its New Name for DeFi
Yahoo Finance· 2025-10-16 11:00
Core Insights - Visa aims to replicate its success in payments within the decentralized finance (DeFi) sector by establishing a robust lending infrastructure [1][2][3] Group 1: Visa's Strategy and Vision - Visa's report rebrands decentralized finance as "onchain finance," targeting institutional compatibility amid regulatory changes [2] - The company envisions institutions as liquidity providers for programmable lending protocols, leveraging its data and compliance capabilities [3] - Visa's whitepaper indicates a shift from crypto experimentation to a focus on institutional infrastructure, highlighting over $670 billion in stablecoin loans issued since 2020 [4] Group 2: Onchain Credit Market Dynamics - The onchain credit market has evolved, with stablecoins becoming essential for automated credit markets that operate continuously [5] - Examples of functioning stablecoin-based credit systems include Morpho, Credit Coop, and Huma Finance, showcasing diverse applications [6][7] - Visa's approach mirrors traditional finance, focusing on technology without direct exposure to lending risks [7] Group 3: Infrastructure Development - Visa aims to control the infrastructure, including APIs, analytics, and settlement systems, to connect programmable credit with traditional finance [8] - The company does not intend to issue tokens or fund loans directly, instead facilitating connections between crypto projects and traditional finance [8]
X @Kraken
Kraken· 2025-10-16 03:24
Industry Recognition & Transformation - The IMF acknowledges digital money as a new financial reality, signaling the end of denial from establishment institutions [1][2] - The shift is architectural, diffusing the power to issue and control money from institutions to open systems [3] - Traditional finance's edge (regulation, custody, distribution) is eroding as users can hold sovereign digital cash directly [7] - Networks like Ethereum, Solana, Avalanche, and Bitcoin are emerging as new jurisdictions of trust, not just currencies [9] Central Bank Digital Currencies (CBDCs) & Control - Central bank digital currencies (CBDCs) will increase traceability and expand inclusion but also introduce new forms of control via programmable money [4] - The next economic divide will be between societies with open digital systems and those with centralized databases with surveillance [6] - Central banks will issue digital currencies to preserve control, while private institutions will tokenize assets to preserve relevance [14] Open Systems & Innovation - Open systems optimize for freedom and will likely win due to their compounding effect, attracting talent, energy, and trust [15][25] - The new financial order will reward interoperability over control, allowing money to flow freely like information [16] - Governments need to learn from the internet's evolution, creating flexible, innovation-friendly frameworks to become economic hubs [20] Meme Coins & Cultural Impact - Meme coins demonstrate how money can form bottom-up through culture and community, decoupling belief from authority [11] - In digital markets, fundamentals follow networks; memes come first, and infrastructure catches up [12] - Meme coins turn communities into monetary networks, expressing collective value at internet speed [13]