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Coinbase 🛡️· 2025-10-16 13:04
DEX trading is live for all U.S. users (ex. NY).https://t.co/heH9SV1k37Coinbase 🛡️ (@coinbase):Check your phone - the wait is over.Explore millions of assets, moments after they launch, right from the Coinbase app.DEX trading is live for all U.S. users (ex. NY).Coming soon: more assets, more networks, more countries. https://t.co/XryNvDXkdL ...
Morning Minute: Public Companies Amass $100B+ in Bitcoin
Yahoo Finance· 2025-10-16 12:46
Core Insights - Corporate balance sheets now hold approximately 1.04 million BTC, valued at around $117 billion, marking a new record for corporate Bitcoin holdings [2] - The number of public companies holding Bitcoin has increased by 40% from the previous quarter, reaching 172 firms, which collectively added about 193,000 BTC quarter-over-quarter [2] - MicroStrategy leads corporate Bitcoin holdings with approximately 640,031 BTC, followed by Marathon Digital Holdings with 53,250 BTC and XXI with 43,514 BTC [2] Corporate Trends - New entrants such as Bullish and Trump Media are joining the ranks of corporate Bitcoin holders, with holdings of 24,300 BTC and 15,000 BTC respectively [3] - Companies are increasingly viewing Bitcoin not just as a hedge but as a long-term investment in digital assets as a core treasury reserve [3] - The trend of public and private companies increasing their Bitcoin holdings is expected to continue as long as there is demand for their security issuance in the public market [3] Market Implications - The accumulation of Bitcoin by public companies is seen as a factor that could stabilize Bitcoin's price, potentially leading to less volatility in the future [5][6] - As more major players invest in Bitcoin, it may encourage additional companies to follow suit, creating a more permanent demand for the asset [5] - The relationship between Bitcoin and equity-market financing is expected to strengthen, making it easier for CFOs to justify Bitcoin ownership [6]
ZOOZ Purchases 88 More Bitcoin, Growing Its Total Bitcoin Treasury to 942 Bitcoin
Globenewswire· 2025-10-16 12:30
TEL AVIV, Israel, Oct. 16, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ) today announced that it has completed an additional purchase of 88.888 Bitcoin at an average price of $112,500 per Bitcoin, for a total consideration of $10 million. Following this acquisition, the Company’s total Bitcoin treasury now amounts to approximately 942 Bitcoin. This step marks another milestone in strengthening ZOOZ’s position as one of the first companies globally to execute a long-term institutional Bitc ...
House of Doge, with Merger Partner Brag House Holdings, Inc. (NASDAQ: TBH) Appoints Matt Swann as Chief Digital Officer
Globenewswire· 2025-10-16 12:30
Core Insights - House of Doge Inc. has appointed Matt Swann as Chief Digital Officer to lead digital transformation and expansion initiatives following its merger with Brag House Holdings, Inc. [1][3] - The merger aims to transition Dogecoin into an institutional-grade ecosystem that supports payment processing, tokenization, and yield-driven products [3][6] - Swann's extensive experience in fintech, e-commerce, and blockchain innovation positions him to drive the development of digital capabilities and fan ownership models [2][4] Company Overview - House of Doge is the official corporate arm of the Dogecoin Foundation, focused on advancing Dogecoin as a decentralized global currency [6] - The company is committed to building secure and scalable systems for real-world use, integrating Dogecoin into everyday commerce [6] Leadership and Strategy - Matt Swann's leadership will focus on extending Dogecoin's reach across global financial and consumer networks, emphasizing community utility and tokenization [4] - The strategy includes establishing advanced payment infrastructure, enhancing fan engagement, and transforming real-world assets into tradable digital markets [5] Market Positioning - The merger with Brag House is expected to create a next-generation fan economy across entertainment, gaming, and real-world assets, enhancing fan ownership and engagement [4][7] - House of Doge aims to unlock new models for fan ownership and engagement, positioning itself at the intersection of technology and finance [4][5]
FSB Warns of 'Cascading Failures' Due to Crypto Regulatory Arbitrage
Yahoo Finance· 2025-10-16 12:25
Core Insights - The Financial Stability Board (FSB) warns that fragmented global regulations in the $4 trillion digital asset market are being exploited by crypto firms, posing threats to financial stability [1][2] Regulatory Gaps - A review by the FSB across nearly 40 jurisdictions identified significant gaps and inconsistencies in crypto regulations that could jeopardize financial stability and hinder the development of a resilient digital asset ecosystem [2] - Regulatory arbitrage is prevalent, with crypto providers and stablecoin issuers seeking out jurisdictions with the most lenient regulations to establish operations before expanding globally [3] Cross-Border Oversight - The report highlights that cross-border oversight remains fragmented and insufficient, with existing enforcement tools rarely extending to broader supervisory objectives or financial stability monitoring [3] - The European Banking Authority also noted that crypto firms are engaging in "forum shopping" to enter the EU market with weaker anti-money laundering controls [3] Risks of Fragmented Regulations - John Schindler, the FSB's secretary-general, expressed concerns that differing regulations could exacerbate financial shocks, as linkages between crypto-assets and the traditional financial system are increasing [4] - Major global banks are significantly increasing their exposure to crypto-assets, raising concerns about potential market disruptions during periods of stress [4] Market Dynamics - The FSB report indicates that stablecoin issuers now hold reserves comparable to those of foreign governments or large money-market funds, which could lead to market disruption if rapid liquidations occur [5] - Kevin Lee from Gate emphasized that patchy regulations could lead to leverage and liquidity migrating to venues with minimal oversight, turning local shocks into cross-border risks [5] Financial Institutions' Exposure - More financial institutions are integrating stablecoins into their payment and settlement services, increasing their exposure to the crypto ecosystem despite widening regulatory divides between the U.S. and Europe [6]
Sony Shocks Wall Street: Tech Giant Seeks U.S. Bank License to Issue Its Own Stablecoin
Yahoo Finance· 2025-10-16 12:12
Core Insights - Sony's banking division, Sony Bank, has applied to establish a national crypto bank under its subsidiary "Connectia Trust," aiming to issue a U.S. dollar-backed stablecoin [1][2] - If approved, Sony would be the first major global technology company to receive a U.S. bank charter specifically for stablecoin issuance, joining other firms like Coinbase and Ripple in seeking OCC approval [2][4] - The move reflects the evolution of stablecoins into mainstream financial instruments, particularly following the passage of the GENIUS Act, which established a federal framework for stablecoin issuers [3] Company Plans - The application details plans to issue a U.S. dollar-pegged stablecoin, maintain reserve assets, and provide digital asset custody and management services [2][4] - Sony Bank intends to engage in permissible digital asset activities, including the issuance of stablecoins and maintenance of reserve assets, as well as non-fiduciary digital asset custody services [5] Regulatory Context - The OCC is the sole regulator that can issue a national bank charter, allowing firms to operate banking activities across all U.S. states under one license, which is crucial for crypto firms seeking legitimacy [6] - An OCC charter provides access to the Federal Reserve's payment systems and enhances credibility with institutional partners [6]
Russia Overtakes UK as Europe’s Largest Crypto Market, Chainalysis Finds
Yahoo Finance· 2025-10-16 12:02
Core Insights - Russia has surpassed the U.K. to become the largest cryptocurrency market in Europe by transaction volume, with $376 billion in crypto value from July 2023 to June 2025, compared to the U.K.'s $273 billion and Germany's $219 billion [2][7]. Market Dynamics - The shift towards decentralized finance (DeFi) platforms in the U.K. is notable, as traders are increasingly moving away from centralized exchanges due to tightening retail trading regulations [4]. - Flows to decentralized exchanges now consistently exceed those to centralized ones, indicating a significant trend in trading behavior [4]. Institutional Participation - Russia's growth in the crypto market is supported by an 86% increase in institutional-scale transactions and a substantial rise in DeFi activity, which has more than tripled since 2023 [4][7]. - The EU's Markets in Crypto-Assets (MiCA) framework is enhancing institutional participation across Europe, contributing to a "stablecoin transformation" in the region [8]. Regional Growth - Germany, Poland, and Ukraine are experiencing the fastest growth rates in the crypto market, driven by both institutional participation and retail adoption [3].
Tokenwell Announces Integration of its Platform with Crypto.com Exchange to Expand Retail Access to Crypto Baskets
Accessnewswire· 2025-10-16 12:00
TORONTO, ON / ACCESS Newswire / October 16, 2025 / Tokenwell Platforms Inc. (CSE:TWEL)(OTCQB:TWELF)(FWB:Y920) ("Tokenwell" or the "Company"), a public digital asset platform focused on index-based crypto investing, today announced a strategic integration of its platform with Crypto.com Exchange, marking Tokenwell's first major exchange partnership. This collaboration is intended to enable everyday investors to connect their Crypto.com Exchange accounts directly through Tokenwell, allowing them to access div ...
300万亿美元 史上最大“乌龙指”
Hua Er Jie Jian Wen· 2025-10-16 11:41
Core Insights - A significant operational error led to the unprecedented minting and subsequent destruction of 300 trillion PYUSD stablecoins, surpassing the total GDP of all countries combined [1][5][6] - The incident prompted Aave to temporarily freeze PYUSD trading due to the unexpected high-volume transaction [1][3] - Paxos attributed the error to an internal technical mistake, assuring that customer funds remain secure and the issue has been resolved [1][5] Market Impact - Following the incident, PYUSD maintained its dollar peg, with only a brief price drop of approximately 0.5% [3] - The current market capitalization of PYUSD exceeds $2.3 billion, ranking it sixth among stablecoins [5] Historical Context - This event marks the largest token destruction in cryptocurrency history, dwarfing previous incidents such as the 65 million OKB tokens sent to an inaccessible address by OKX [6] - Comparatively, the Bonk meme coin project destroyed about 1.7 trillion BONK tokens in December 2024, valued at around $50 million, highlighting the unprecedented scale of the PYUSD incident [7] Regulatory and Mechanism Concerns - The incident raised critical questions regarding the collateralization mechanisms of stablecoins, with concerns about what backed the erroneously minted $300 trillion [8]
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]