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OKX and Standard Chartered Bring Collateral Mirroring to Europe
Yahoo Finance· 2025-10-16 16:23
Institutions can secure their OKX trading collateral at a major bank. Credit:May James/SOPA Images/LightRocket via Getty Images. Key Takeaways OKX and Standard Chartered have extended their custody solution to Europe. The platform lets institutions trade on OKX while a major bank secures their assets. Bank-grade custody brings a degree of trust that has been absent since the collapse of FTX, according to OKX’s Erald Ghoos. As more European banks bolster their crypto offerings, Standard Chartered h ...
SharpLink Sells Shares to Buy More Ethereum as BitMine's Treasury Lead Grows
Yahoo Finance· 2025-10-16 15:53
Publicly traded Ethereum treasury company SharpLink Gaming, Inc. announced a $76.5 million registered direct offering of 4.5 million common shares at $17 per share, representing a 12% premium to its October 15 closing price of $15.15. The move is meant to fuel further ETH purchases for the company following a period of slower acquisitions—all while BitMine Immersion Technologies, the largest corporate ETH holder, continues to widen the gap with consistently sizable Ethereum additions. SharpLink Gaming now h ...
Crypto Market Cap Hit Highest Levels Since 2021 in Q3: CoinGecko
Yahoo Finance· 2025-10-16 15:08
The crypto market recorded another strong quarter in 2025 Q3, extending its rally for the third consecutive period. Total market capitalization surged 16.4%, adding $563.6 billion to reach $4 trillion, marking the highest valuation since the bull run of late 2021. CoinGecko’s newly released Q3 2025 Crypto Industry Report described the quarter as the market’s “second leg of recovery,” driven by a surge in liquidity, renewed institutional inflows, and a sharp rebound in trading activity. Average daily trad ...
Bitget Wallet 在亚太地区推出加密货币支付卡
Globenewswire· 2025-10-16 15:01
圣萨尔瓦多,萨尔瓦多, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Bitget Wallet 在亚太部分市场正式推出 Bitget Wallet Card,将加密货币支付服务版图拓展至全球最具活力的地区之一。 Bitget Wallet Card 将自托管数字资产直接接入 Mastercard 超过 1.5 亿家商户以及 Visa 覆盖 200 多个国家/地区的支付网络,让加密货币可用于日常消费。 用户可在 Bitget Wallet 应用程序上申请开卡,通过全数字化开户流程即时获得批准,然后将该卡添加至 Apple Pay 或 Google Pay,便可在全球范围内进行支付。 交易时,通过链上兑换以及充值 USDT 和 USDC 可实现即时到账,且充值免手续费。 “在亚太地区推出 Bitget Wallet Card 是我们战略部署的重要里程碑,”Bitget Wallet 首席营销官 Jamie Elkaleh 表示, “这深化了我们融合自托管、合规性和实际应用价值的愿景,即为用户提供使用数字资产进行消费、储蓄和盈利的单一门户。” Bitget Wallet Card 此番进军 ...
Visa Thinks Stablecoins Can Break Into the $40 Trillion Credit Market
Yahoo Finance· 2025-10-16 14:55
Core Insights - Visa's report suggests that stablecoins could significantly impact the $40 trillion global credit market by enabling traditional institutions to utilize blockchain technology for lending [1][2] Group 1: Stablecoin Market Overview - Stablecoins have facilitated $670 billion in lending over the past five years, with 1.1 million unique borrowers and an average loan size of $76,000, which increased to $121,000 in August [3] - Circle's USDC and Tether's USDT dominate the stablecoin borrowing market, accounting for 98% of the total, with USDT at $181 billion and USDC at $76 billion, representing 83% of the $307 billion stablecoin market cap [4] - The stablecoin market cap has increased by $100 billion since the beginning of the year, partly due to the GENIUS Act, which established a regulatory framework for U.S. issued stablecoins [4] Group 2: Future Predictions and Trends - Users on Myriad predict that the total stablecoin market capitalization will reach $360 billion by January 2026, with 67% of users believing the $53 billion gap can be closed by then [5] - The International Monetary Fund (IMF) highlights that stablecoin adoption could provide alternatives to traditional safe assets and facilitate cross-border transactions, but also raises concerns about potential risks in the financial system [6] Group 3: Industry Developments - Paxos, a stablecoin issuer, mistakenly minted and then burned $300 trillion worth of PayPal USD (PYUSD), clarifying that there was no security breach and customer funds remain safe [6][7]
Tether Co-Founder Reeve Collins: ‘Stablecoin 2.0’ Is Here and It’s a Threat to Banking Systems
Yahoo Finance· 2025-10-16 14:47
Reeve Collins Warns Stablecoin 2.0 Could Disrupt Global Banking Systems. | Credit: Jakub Porzycki/NurPhoto via Getty Images Key Takeaways Allegations have emerged of a lobbying effort to pardon Sam Bankman-Fried. The allegations came just one day before a new interview with Bankman-Fried was released. Despite speculation, there is no official sign that the Trump administration is considering a pardon. Stablecoins are entering what Tether co-founder Reeve Collins calls their “2.0 era,” a new genera ...
Citizens Sees SharpLink as a Breakout Ether Treasury Play With More Than 200% Upside
Yahoo Finance· 2025-10-16 14:24
Core Viewpoint - Citizens has initiated coverage of SharpLink Gaming (SBET) with a market outperform rating and a $50 price target, indicating potential upside of over 200% from its current trading price of approximately $15.45 [1] Group 1: Company Strategy and Positioning - SharpLink has emerged as a significant ether (ETH) treasury operator, actively managing its ETH assets through staking and yield-bearing strategies to enhance value over time [2] - The company aims to actively manage its ETH balance sheet, issuing equity at a premium to net asset value (NAV) or repurchasing shares when trading below NAV, while leveraging its ETH reserves for on-chain yield opportunities [3] - SharpLink's strategy is designed to position it as a market leader as ether evolves into a global financial asset, combining operational leverage on-chain with financial discipline off-chain [5] Group 2: Leadership and Valuation - Citizens assigned a premium valuation to SharpLink, highlighting the leadership of Joseph Lubin, co-founder of Ethereum, and Joseph Chalom, a former BlackRock executive, as key to scaling the treasury model [4] - The company's recent direct stock offering raised $76.5 million, priced above market, reflecting investor confidence in its growth strategy [5]
Bank of England Promises ‘Temporary’ Stablecoin Caps – But Sets No End Date
Yahoo Finance· 2025-10-16 14:18
The Bank of England will impose “temporary” limits on stablecoin holdings to protect credit availability, but has not specified when the caps will be lifted, Deputy Governor Sarah Breeden confirmed on Tuesday. The central bank plans limits of £10,000-£20,000 for individuals and £10 million for businesses on systemic stablecoins used for payments. Breeden stated, “we would expect to remove the limits once we see that the transition no longer threatens the provision of finance to the real economy.” Howeve ...
“We’re 10 Years Behind”, SEC Chair Vows to Fast-Track U.S. Crypto Progress
Yahoo Finance· 2025-10-16 14:09
SEC Chair Paul Atkins has acknowledged that the U.S. is ’10 Years Behind’ in crypto regulation and pledges to fast-track crypto progress. According to him, “The crypto aspect is our job one,” marking it as a priority for the regulatory body. During the DC Fintech Week event at Amazon HQ on Wednesday, Atkins stated that the SEC intends to build a robust framework to bring back industry participants who may have left the country, enabling innovation to flourish. Atkins Vows to Fast-Track U.S. Crypto Progr ...
Stablecoins Surge to Record $314B Market Cap as Institutional Race Heats Up: Canaccord
Yahoo Finance· 2025-10-16 13:46
The stablecoin market has continued its rapid ascent, with overall capitalization hitting an all-time high above $314 billion as growth in Tether’s USDT and Circle's (CRCL) USDC led the way, according to broker Canaccord Genuity. With the GENIUS Act in effect, compliant stablecoins such as USDC are now treated on par with cash by the U.S. government, a move Canaccord believes is fueling both momentum and confidence in the sector. This regulatory clarity strengthens the medium-term case for stablecoins to ...