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X @Cointelegraph
Cointelegraph· 2025-10-29 11:01
Regulatory & Political Landscape - Senate Democrats are moving to condemn Trump's pardon of CZ [1] - The pardon of a crypto-industry executive after a guilty plea sends a negative message [1]
Australia’s Financial Regulator Flags Broader Oversight of Crypto Under Updated Guidance
Yahoo Finance· 2025-10-28 23:43
Core Insights - Australia's financial regulator, the Australian Securities and Investments Commission (ASIC), has updated its digital-asset guidance to clarify the application of existing financial-services laws to crypto businesses as new legislation is being prepared [1][2] Group 1: Regulatory Updates - The term "digital assets" replaces "crypto-asset" to encompass a wider range of products, including virtual, tokenized, and coin-based offerings [2] - The updated guidance does not create new laws but aims to provide businesses with clarity ahead of upcoming legislation for Digital Asset Platforms and Payment Service Providers [2][3] - ASIC reiterated that many digital assets, such as yield-bearing tokens and staking programs, will likely require an Australian Financial Services license under current law [3] Group 2: Examples and Obligations - The guidance expands from 13 to 18 worked examples, covering various digital assets like exchange-issued tokens, gaming NFTs, and yield-bearing stablecoins [3][4] - New custodial obligations require firms holding client assets to meet net tangible asset thresholds of up to $10 million (approximately US$6.5 million), unless their custody role is deemed incidental [5] Group 3: Offshore and Decentralized Structures - ASIC emphasized that Australian law applies to offshore and decentralized structures marketed or sold to local users, indicating that global platforms cannot evade domestic oversight [5] - The update builds on ASIC's previous decision to grant class relief to intermediaries distributing stablecoins from licensed issuers, allowing distribution without secondary-market or clearing licenses under certain conditions [6]
175-year old fintech giant reveals plans to launch stablecoin on Solana
Yahoo Finance· 2025-10-28 21:17
Core Insights - Western Union is launching a U.S. dollar-backed stablecoin named the U.S. Dollar Payment Token (USDPT), marking a significant development in its 175-year history [1] - The USDPT will be built on the Solana blockchain and issued by Anchorage Digital Bank, the first federally chartered crypto bank in the U.S. [1][3] - The stablecoin is part of a broader "Digital Asset Network" aimed at bridging fiat and digital currencies, facilitating transactions while maintaining access to cash-based services [2][3] Company Strategy - The introduction of USDPT is intended to streamline cross-border remittances, a sector known for high fees and slow transaction times [4] - Western Union's President and CEO, Devin McGranahan, emphasized that the USDPT will allow the company to control the economics associated with stablecoins [3] - The stablecoin is expected to debut in the first half of 2026, with access through partner exchanges [4] Industry Context - The Solana blockchain is gaining traction among traditional finance firms due to its speed, scalability, and low-cost transactions [7] - Other financial institutions, such as Fiserv and Visa, are also developing stablecoins and expanding their support for Solana, indicating a growing trend in the fintech space [8][9]
BlackRock-Backed Securitize Eyes Nasdaq Listing at $1.25 Billion Valuation Via SPAC Deal
Yahoo Finance· 2025-10-28 15:42
Core Viewpoint - Securitize plans to go public through a merger with Cantor Equity Partners II, valuing the company at $1.25 billion, and will trade on Nasdaq under the ticker "SECZ" [1] Group 1: Merger and Financial Projections - The proposed merger is expected to generate up to $469 million in proceeds from a private placement in public equity and Cantor Equity Partners II's trust account [2] - Existing investors, including BlackRock, ARK Invest, and Morgan Stanley Investment Management, will have their equity rolled into the combined entity [2] Group 2: Market Context and Company Operations - Cantor Equity Partners II's stock price fell 7% to $11.93, reflecting market reactions [3] - Securitize provides a platform for managing the issuance of real-world assets on-chain, including stocks and money market funds, and previously assisted BlackRock in launching a $2.8 billion Institutional Digital Liquidity Fund [3][4] Group 3: Industry Trends and Future Outlook - The tokenization sector, currently underpinned by $22 billion in real-world assets, is projected to grow to $5 trillion by the end of the decade according to Citi analysts [5] - Securitize's public debut is anticipated early next year, contingent on regulatory processes and the resolution of the U.S. government shutdown [6]
X @Mayne
Mayne· 2025-10-28 12:43
RT Chroma (@Chroma_Trading)Chroma x BreakoutExcited to announce that we have partnered with @breakoutpropUse code CHROMA for:- Discount on ALL evaluations- 10% of your evaluation payment will be discounted from your next Chroma subscription- Access to regular evaluation giveawaysBreakout is the number one prop firm in crypto, with CEX liquidity, no hidden rules, and payouts on demandBreakout wins when their traders win ✅Exciting times ahead#ChromaTrading ...
X @Cointelegraph
Cointelegraph· 2025-10-28 09:30
🇬🇧 BIG: British crypto firm KR1 is moving to the main board of the London Stock Exchange.Is this “the starter gun” for digital assets in the UK? https://t.co/F8JsL7KsQJ ...
X @BitMart
BitMart· 2025-10-28 08:33
Experiment Setup - AI trading experiment initiated with $60,000 [1] - Bitcoin HODL benchmark set at $10,000 [1] - The experiment aims for transparency, with all trades and positions publicly available [1] Trading Strategy - AI is employed for trading, contrasting with a Bitcoin HODL strategy [1] - The experiment encourages users to copy the AI's trades [1] Industry Focus - The experiment is relevant to the cryptocurrency (Crypto) and AI trading (AITrading) sectors [1] - The experiment involves Bitcoin (BTC) and the HODL investment strategy (HODL) [1]
Qualigen Therapeutics to Rebrand as AIxCrypto After Stockholder Meeting on November 12, with Three Core Goals for 2025
Globenewswire· 2025-10-28 03:57
Core Viewpoint - Qualigen Therapeutics Inc. will rebrand as AIxCrypto following its stockholder meeting on November 12, 2025, and is launching new initiatives in the Web3 and crypto asset sectors [1] Group 1: Rebranding and New Initiatives - The company will officially change its name to AIxCrypto and introduce its new business initiatives in the crypto space [1] - AIxCrypto plans to launch the public beta of its BesTrade DeAI Agent by the end of November 2025 and release its EAI RWA Utility Token Whitepaper [2] Group 2: Strategic Goals - AIxCrypto aims to expand the C10 Treasury to $50 million in assets under management (AUM), having completed $12 million in crypto asset allocations as of October 17, 2025 [2] - The company intends to accelerate global growth of the BesTrade DeAI Agent, which will serve as a Meta Exchange optimizing transaction pathways and returns [3] - AIxCrypto plans to launch crypto ecosystem tokens on leading exchanges, supported by a potential C10 stablecoin and EAI + Crypto RWA dual-bridge products [4] Group 3: Company Background - Qualigen Therapeutics, Inc. is a biotechnology company based in Carlsbad, California, focusing on innovative oncology and immunology therapies while expanding into crypto asset and Web3 strategies [5]
X @Anthony Pompliano 🌪
Anthony Pompliano 🌪· 2025-10-28 01:01
Coinbase is one of the most important companies in the crypto industry.I sat down with @maxbranzburg, Head of Consumer & Business Products, to better understand what the company is building, how they see finance evolving over time, and how they plan to create the "Everything Exchange."Enjoy!YouTube: https://t.co/PFYJhb0pfVSpotify: https://t.co/3WXSthZXnqApple: https://t.co/kvQKNcuj77TIMESTAMPS:0:00 - Intro1:05 – Coinbase product expansion & credit card launch3:53 - Thinking through staking, DeFi lending, & ...
Chainlink's LINK Gains as Whales Accumulate $188M After October Crypto Crash
Yahoo Finance· 2025-10-27 18:28
The native token of oracle network Chainlink (LINK) climbed to $18.80 on Monday as large holders have been adding significant positions despite the token's struggle to fully recover from October's correction. The token established a series of higher lows at $18.10 and $18.42, creating a bullish structure, CoinDesk Research's technical analysis model noted. It posted a solid 3% advance over the past 24 hours, outpacing the broader crypto market. The breakout above the key $18.70 level occurred with a volu ...