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Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Coinbase Q3 Trading Volume Soars 60% YoY, Tops Forecasts

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Coinbase trading volume rose nearly 60% year-over-year in Q3 2025, driving transaction fee revenue above expectations and powering a stronger-than-forecast earnings beat. Management issued a positive Q4 outlook, citing sustained volume gains as a key growth driver. Traders view the surge in Coinbase trading volume as a bullish indicator for fee revenue growth and potential market cap expansion, reinforcing the exchange’s leadership in the crypto trading sector.
Bullish
CoinbaseTrading VolumeTransaction FeesEarnings BeatCrypto Exchange

Riot Platforms Q3 Profit Soars on Bitcoin Mining Gains

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Riot Platforms posted a third-quarter net income of $104 million, with revenue reaching $180 million—more than double year-on-year. The beat on analyst forecasts was fueled by a surge in Bitcoin mining revenue and improved operational efficiency. The firm expanded mining capacity by deploying advanced hardware, tapping cost-effective energy sources and adopting innovative cooling technologies. CEO Jason Les flagged decisive progress in scaling Riot’s data center operations and infrastructure. Crypto traders may view these results as a bullish sign for Bitcoin mining stocks and increasing institutional adoption. Nevertheless, Bitcoin price volatility, rising network difficulty and higher energy costs remain headwinds.
Bullish
Bitcoin miningRiot PlatformsQ3 earningsMining capacityInstitutional adoption

On-Chain Revenue to Hit $19.8B in 2025 Amid Record Fees

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According to 1KX’s latest On-Chain Revenue report, blockchain fees are set to drive on-chain revenue to a record $19.8 billion in 2025. User-paid fees reached $9.7 billion in H1 2025—a tenfold rise since 2020—though they may not surpass 2021’s $24.1 billion peak. This growth reflects real demand for decentralized applications across trading, gaming, NFTs and subscriptions. Broad adoption of tokenized real-world assets (RWAs), DePINs and wallet-based consumer apps underpins fee growth. Tokenized RWAs topped $35 billion on-chain by Q3 2025, with institutions like JPMorgan, BlackRock and BNY Mellon launching tokenized funds on platforms such as Kinexys and Securitize. As protocols mature and regulation stabilizes, consistent blockchain fees become a key benchmark for sustainable crypto revenue. However, network congestion, fee structure optimization and regulatory uncertainty remain challenges. Projects that adopt multi-chain strategies, improve scalability and enhance user experience can sustain fee-driven models. Traders should monitor fee trends and protocol updates to assess growth potential. Overall, on-chain revenue maturity signals a bullish outlook for market stability and long-term innovation.
Bullish
On-Chain RevenueBlockchain FeesDecentralized ApplicationsTokenized Real-World AssetsMarket Maturity

JPMorgan Launches Kinexys for Private Equity Tokenization

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JPMorgan will accelerate asset tokenization with its Kinexys Fund Flow platform, launching in early 2026 to digitize private equity, credit and real estate funds on a proprietary blockchain. A recent pilot tokenization saw JPMorgan tokenizing a private equity fund using smart contracts, automating transfers and replacing manual reconciliation for high-net-worth clients. Developed by JPMorgan Asset Management, the Private Bank, Kinexys Digital Assets and Citco, the tokenization solution will add error-proofing features to reduce costs and enable fractional ownership with on-chain trading of real-world assets (RWAs). CEO Jamie Dimon’s remarks at Riyadh’s Future Investment Initiative underscore the bank’s embrace of blockchain and smart contracts. Building on earlier projects like JPM Coin, Onyx and an on-chain repo, Kinexys aims to streamline RWA investment and position JPMorgan as a challenger to peers like BlackRock. Crypto traders should note this push could boost liquidity in tokenized assets and reshape RWA market dynamics.
Neutral
JPMorganTokenizationKinexysReal-World AssetsBlockchain

T. Rowe Price Files Active Crypto ETF, Includes Shiba Inu

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T. Rowe Price, with $1.77 trillion AUM, filed a Form S-1 with the SEC to launch an actively managed crypto ETF. The fund will hold 5–15 leading digital assets, notably including Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Shiba Inu (SHIB)—the first potential inclusion of SHIB in a U.S.-listed ETF. Its active management strategy allows portfolio reallocations aiming to outperform the FTSE Crypto US Listed Index. Approval is not guaranteed and depends on the SEC decision and market conditions. If approved, institutional investors will gain regulated exposure to Shiba Inu, potentially boosting SHIB demand, adoption and liquidity. The filing follows Europe’s launch of a Shiba Inu ETP by Valour Inc.
Bullish
Shiba InuCrypto ETFActive ManagementInstitutional AdoptionSEC Filing

Coinbase Rebuts Stablecoin Fears, Launches Base Privacy

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Coinbase policy chief Faryar Shirzad has rejected claims that stablecoins are eroding US bank deposits. He notes two-thirds of stablecoin transactions occur on blockchain and DeFi platforms outside traditional banks. Most stablecoin demand comes from non-US users hedging currency risk in volatile economies. Shirzad likened fears over stablecoins to past money market fund concerns and said community bank clients rarely overlap with stablecoin holders. These comments coincide with Coinbase’s rollout of private transactions on its Base network. By clarifying stablecoin usage, Coinbase aims to reassure regulators and financial institutions that stablecoins support new blockchain finance rather than threaten bank liquidity.
Bullish
stablecoinsCoinbasebank depositsDeFiBase network

Jiuzi & SOLV Launch $1B Bitcoin Yield Vault on BNB Chain

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Jiuzi Holdings has partnered with SOLV Foundation to launch a $1 billion Bitcoin yield program on the BNB Chain. Under the plan, Jiuzi commits up to 10,000 BTC to the SolvBTC.BNB yield vault. All assets remain under regulated custodianship and benefit from real-time proof-of-reserves via Chainlink. A joint steering committee will oversee SEC and Nasdaq compliance and expand SolvBTC to Solana and Base networks. This Bitcoin yield program anchors Jiuzi’s corporate treasury around BTC and leverages top DeFi protocols like Venus, Lista and Pendle to maximize capital efficiency. The move positions both firms as pioneers in compliant DeFi for institutional investors and follows a 17% surge in JZXN shares. Institutional demand for transparent, yield-bearing Bitcoin access is set to rise.
Bullish
Bitcoin yieldInstitutional CryptoSOLV FoundationBNB ChainDeFi Compliance

UMG & Udio Settle Lawsuit, Launch Licensed AI Music Service

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Universal Music Group (UMG) and AI startup Udio have settled their copyright lawsuit and will co-develop a subscription-based AI music service launching in 2026. Operating within a controlled ‘walled garden’, the AI music platform will use licensed tracks—including Billie Eilish’s catalog—and advanced fingerprinting to prevent unauthorized content. The agreement guarantees fair compensation for artists and songwriters while safeguarding creative rights. UMG CEO Lucian Grainge calls this model ‘ethical AI music’ innovation. The partnership signals a broader industry shift from litigation to collaboration with AI developers and could influence the rise of tokenized music rights and blockchain-based digital assets—a key trend for crypto traders to watch.
Neutral
AI musiccopyright licensingmusic streamingethical AI innovationtokenized music rights

Garden Finance hack: $5.5M–$10M stolen, 10% white-hat bounty

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Garden Finance hack drained at least $5.5M from its cross-chain bridge on Arbitrum, Solana and other networks, with losses potentially reaching $10M. Attackers, suspected to be DPRK-linked group DangerousPassword, exploited a vulnerability to withdraw WETH, WBTC, cbBTC and SEED tokens and swap them through the MetaMask router. Garden Finance confirmed the exploit on-chain and offered a 10% white-hat bounty for fund recovery and vulnerability disclosure, but the hacker has not responded. On-chain analysis reveals up to 25% of bridge inflows came from past hacks (Swissborg, Bybit), highlighting persistent DeFi bridge risks. The exploit caused the SEED token to plunge 64% on Uniswap, from $0.536 to $0.19 before rebounding to $0.23, cutting its market cap to $2.5M. This event underscores the need for real-time monitoring, compliance and cross-chain bridge security. Traders should watch SEED liquidity, regulatory responses and security upgrades as the market adapts.
Bearish
Garden FinanceDeFi hackcross-chain bridgewhite-hat bountySEED token

Bitcoin Price Falls to $107K on OKX, Tests $106K Support

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Bitcoin price first dipped below $115,000 on OKX on October 27, trading at $114,991.80 despite a 1.14% daily gain. By October 31, Bitcoin price slid further to $106,982.80, down 0.68% intraday. This dual drop highlights ongoing volatility and short-term selling pressure. Traders will watch key support near $106,000 on OKX for potential entry points.
Bearish
Bitcoin priceOKXSupport levelsIntraday dipMarket volatility

Biden Picks Michael Selig as CFTC Chair to Oversee Crypto

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President Biden has nominated Michael Selig as the permanent CFTC chair. A vocal supporter of treating digital assets like XRP as commodities, Selig vows to make the US the “crypto capital of the world” and has criticized the SEC’s proposed $2 billion penalty against Ripple. With experience at both the CFTC and the SEC’s Crypto Task Force, he advocates clear regulatory frameworks for tokens. His appointment comes amid stalled crypto legislation and a booming derivatives market that topped $1 trillion in 2024. Industry leaders praise his ability to bridge jurisdictional gaps between the SEC and CFTC. If confirmed, Selig’s role as CFTC chair could accelerate policy clarity, boost market stability, and reshape altcoin classification—key developments traders should watch for potential market impacts.
Bullish
CFTC chaircrypto regulationdigital assetsXRPmarket stability

UFC FIGHT Token Raises $183M in Oversubscribed Solana Sale

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UFC partner Fight.ID launched the FIGHT token sale on Solana, raising $183 million in the public round—122× its $1.5 million target—following an earlier Oct. 27 round that collected $15.7 million against a $750,000 goal. The FIGHT token will power governance, staking, payments and on-chain UFC event prediction markets. Of the 10 billion total tokens, 57% are allocated to community incentives, 17.5% to investors, 15% to the core team, 6.5% to liquidity and 4% to advisors. Solscan records show 3,776 transactions in the latest sale, underscoring strong retail demand. Traders should note potential volatility, as similar hype-driven tokens have seen steep declines post-launch.
Bullish
FIGHT tokenSolanaUFCtoken salecrypto fundraising

Garden Finance $5.5M Cross-Chain Hack; 10% White-Hat Bounty

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Garden Finance, a decentralized cross-chain bridge, was exploited across multiple networks on October 29, resulting in losses exceeding $5.5 million. The attacker drained assets and converted them into non-freezable tokens. Garden Finance has issued an on-chain notice offering a 10% white-hat bounty to encourage the return of stolen funds. Blockchain analyst ZachXBT highlighted that over 25% of Garden Finance’s on-chain activity involves previously compromised assets from incidents affecting platforms like Bybit and SwissBorg. The project, which enables fast asset transfers between Bitcoin, Ethereum and other networks, has not yet made an official public statement. Traders should monitor updates on fund recovery, bounty redemption and broader DeFi security implications. This breach underscores persistent vulnerabilities in cross-chain solutions and may dent market confidence and pricing of similar protocols.
Bearish
Garden FinanceCross-Chain BridgeWhite-Hat BountyDeFi SecurityBlockchain Hack

MegaETH Sale Raises $1.39B in 27.8× Oversubscription

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MegaETH public sale has closed with a record $1.39B raised from 53,420 verified participants, achieving 27.8× oversubscription on a $50M cap. Whales and institutions accounted for 51% of bids. All orders under $0.0999 per MEGA token will be refunded. Allocation results, determined by investment size, past ecosystem contributions, and lock-up duration, will be announced on November 5. The token generation event (TGE) is scheduled for mid-December 2025 under MiCA regulations. MegaETH’s advanced Layer 2 features—sequencer rotation, proximity markets, and high-speed transactions—and a pre-launch KYC of over 100,000 users supported a rapid $50M USDT raise within five minutes. These factors set MEGA for a high fully diluted valuation of $27.8B and a strong market debut.
Bullish
MegaETHMEGA tokenEthereum Layer 2Token SaleOversubscription

Webull & Coinbase Launch Micro Crypto Futures for Altcoins

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Webull has partnered with Coinbase Derivatives to launch micro crypto futures on Dogecoin (DOGE), XRP, Solana (SOL) and Litecoin (LTC) for U.S. investors. These crypto futures feature lower margin requirements to reduce entry barriers, six-day trading and 23-hour daily sessions with free real-time market data. Traders must open and fund a futures account to access these micro futures. This micro crypto futures offering diversifies Webull’s crypto futures beyond BTC and ETH, tapping growing demand for altcoin derivatives and aiming to boost liquidity and trading volume on the platform. Retail traders gain new tools for hedging and speculation on popular altcoins.
Bullish
WebullCoinbase Derivativesmicro crypto futuresaltcoin derivativesretail trading

Brazil Weighs Bitcoin Reserve at Rio Central Bank Meeting

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Brazil’s central bank will host the Central Banking Autumn Meetings in Rio de Janeiro next month to discuss a potential Bitcoin reserve in its sovereign assets. Domestic lawmakers have proposed a $19 billion Bitcoin reserve, positioning the asset alongside gold and foreign currencies as an inflation hedge. Senior officials will meet peers from Colombia, Jamaica and the Bahamas to examine volatility, liquidity and the role of stablecoins, CBDC frameworks and broader digital asset policy. The meetings coincide with the rollout of Drex, Brazil’s CBDC, which experts say could pave the way for tokenised reserve management. However, secure custody, auditing and accounting standards remain key hurdles for a formal Bitcoin reserve strategy.
Bullish
Bitcoin reserveCBDC DrexCentral Banking Autumn MeetingsDigital asset policyInflation hedge

Fed Cuts 25bps, Ends QT: Bitcoin Dips, Rally and 3 Altcoins

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On October 29, the Fed cut its benchmark rate by 25bps to 4% and confirmed quantitative tightening (QT) will end on December 1. This Fed rate cut marks a clear shift to monetary easing and injects fresh liquidity into financial markets. Historically, Bitcoin often dips 6–8% immediately after FOMC decisions before rallying to new highs, suggesting short-term volatility followed by strong year-end gains. Lower borrowing costs and renewed liquidity tend to drive investors toward risk assets, especially crypto. Traders should watch three altcoins poised to benefit: HYPER (Solana-based Bitcoin Layer-2 with sub-second, low-cost transactions), BEST (multi-chain wallet token with MPC security, staking rewards and debit integration) and ASTER (multi-chain DEX offering MEV-free execution and fee buybacks), all of which have raised significant pre-sale funds and offer high staking yields.
Bullish
Fed rate cutQT endBitcoin volatilityAltcoinsMarket liquidity

Avalon Labs launches AI-driven RWA market & CRT on BNB Chain

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Avalon Labs has launched its AI-driven RWA marketplace on BNB Chain, integrating Nvidia H200 GPUs and a custom reinforcement learning model for intelligent real-world asset (RWA) management, covering assets like real estate, intellectual property and other illiquid assets. It uses a decentralized AI-model-as-a-service protocol that connects GPU owners with developers seeking pre-trained models. This AI-driven RWA marketplace features a dual-token system: sAI for stable model rentals with a soft $1 peg via VWAP repurchases, and jAI for higher-risk access to residual compute capacity. The new Commercial Rights Tokenization (CRT) standard makes on-chain AI service rights legally enforceable, boosting investor protection and paving the way for institutional RWA tokenization. Avalon Labs also plans BTCFi products, including USDa, a US dollar stablecoin backed by BTC collateral like FBTC or USDT. Users can mint USDa and stake it to earn yield. Built on BNB Chain, the platform offers high-speed, low-cost transactions. Traders should monitor BNB trading volume and Avalon token metrics as key indicators of market sentiment. The launch could drive institutional adoption of tokenized assets, improve liquidity and set new standards in the digital asset ecosystem.
Bullish
Avalon LabsAI-driven RWA marketplaceBNB Chaindual-token systemCRT

Senators Warn of 401(k) Crypto Volatility Amid Trump’s EO

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In August, President Trump signed Executive Order 14330 directing federal agencies to ease ERISA rules and allow 401(k) crypto investments. A bipartisan group led by Rep. French Hill supports this move, arguing it would expand retirement options for 90 million Americans currently excluded. On October 28, Senators Elizabeth Warren, Bernie Sanders and five Democratic colleagues sent a letter to Labor Secretary Lori Chavez-DeRemer and SEC Chair Paul Atkins. They warned that 401(k) crypto investments expose savers to extreme volatility—Bitcoin’s annual swings have been four times those of the S&P 500, and Solana’s up to twelve times—and weak oversight. The senators also flagged opaque disclosures, exaggerated return claims, and conflict-of-interest concerns over the Trump family’s reported $5 billion crypto gains. Critics equate crypto in retirement plans to gambling, noting digital assets do not generate cash flow. The debate underscores tension between financial innovation and consumer protection. Crypto traders should monitor regulatory reviews and assess the impact of potential policy changes on market stability and institutional adoption in retirement funds.
Bearish
401(k) crypto investmentsExecutive Order 14330Market VolatilityERISA RulesRetirement Plans

Bitcoin Hyper Launches Solana VM-Powered Layer-2 Roll-Up

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Bitcoin Hyper has launched a scalable Layer-2 roll-up built on the Solana Virtual Machine (SVM) and anchored to Bitcoin via a canonical bridge. Users lock BTC in a monitored Layer-1 address and mint HYPER tokens on the Layer-2 network. The roll-up batches micro-transactions and submits zero-knowledge proofs to compress state changes and settle on Bitcoin, cutting fees and congestion. Native HYPER powers gas fees and wrapped BTC adds liquidity. The solution supports smart contracts, DeFi, micropayments, retail POS, remittances and gaming. A $25 million presale attracted major investors. Bitcoin Hyper aims to boost BTC’s utility from store-of-value to payments. Traders should monitor HYPER integration, presale metrics, on-chain activity and regulatory compliance as bullish signals amid technical and governance risks.
Bullish
Bitcoin HyperLayer-2 Roll-UpSolana Virtual MachineBitcoin ScalingDeFi

Bitcoin Spot Volume Exceeds $300B as Exchange Reserves Drop

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Bitcoin spot trading volume topped $300 billion in October 2025, marking the second-highest monthly total this year. Binance led with $174 billion in spot volume. On-chain data shows exchange reserves fell from 2.65 million BTC to 2.38 million BTC, indicating increased self-custody and accumulation. Whale selling and retail buying drove liquidity, while traders shifted from leveraged derivatives to spot markets, reflecting stronger organic demand. Despite a 1.2% gain early in October, Bitcoin ended the month down 2.69%, trading near $110,337 after Federal Reserve announcements. The surge in Bitcoin spot trading volume and declining exchange reserves suggests growing market maturity, reduced volatility, and more sustainable price discovery. Traders should monitor on-chain metrics and exchange reserve changes for potential entry points as the market moves toward spot liquidity ahead of 2026.
Bullish
Bitcoin spot tradingExchange reservesOn-chain dataWhale activityMarket stability

CZ STATUE Meme Coin Crashes 86% After Insider Risk Warning

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The CZ STATUE meme coin, launched on October 29, briefly soared to a $5.1 million market cap before crashing 86% within hours. CEO Changpeng Zhao warned traders against the token, which uses his name and image without endorsement. Analytics firm Nansen raised a red flag when a newly created wallet accumulated over 15% of the supply, signaling insider control risks. Zhao clarified he appreciates the statue tribute but disavows the coin’s exploitative design. Lacking on-chain utility and facing potential pump-and-dump schemes, the CZ STATUE meme coin underscores the volatility of celebrity-driven memecoins. Crypto traders should exercise caution amid the token’s heavy concentration and speculative nature.
Bearish
CZ STATUE meme coinChangpeng Zhaomemecoin volatilityinsider riskpump-and-dump

Bitcoin slides 3% to $110K post-Fed cut, $202M ETF inflows

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Bitcoin fell about 3% to $110,000 after the US Federal Reserve cut interest rates by 25 basis points but signaled no guarantee of further easing. Traders executed a classic “sell the news” reaction following Chair Jerome Powell’s cautious remarks. Ethereum and other altcoins also slipped amid short-term bearish sentiment on prediction platforms, though long-term holders remain optimistic. Institutional investors poured $202 million into Bitcoin ETFs on October 28, lifting total ETF holdings to $62.3 billion and underscoring robust institutional demand. Technical indicators suggest mild selling pressure, with the daily RSI near 45, a weak ADX trend, and a four-hour death cross between the 50- and 200-period EMAs. Key support levels lie at $110,000 and $108,000, with deeper tests to $106,000 or $100,000 if selling intensifies. A clear break above $112,500 could shift momentum toward $117,000–$120,000. Traders should monitor these levels closely and maintain disciplined risk management.
Bearish
BitcoinFed rate cutBTC ETFstechnical analysismarket sentiment

Bitcoin Outlook Linked to DXY: $130k–$140k Rally or $70k–$80k Slide

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The correlation between the U.S. dollar index (DXY) and bitcoin remains strong. Historically, bitcoin bull runs have coincided with a weakening dollar. Since mid-2025, DXY has traded in a 96–98 range, while bitcoin consolidated around $100k–$120k. Three scenarios now emerge: 1. If DXY falls below 96 on Fed rate cuts, bitcoin could rally to $130k–$140k. 2. If DXY rebounds above 100, bitcoin may correct or trade sideways. 3. If the dollar strengthens significantly, bitcoin risks dropping to institutional cost levels near $70k–$80k. With the Federal Reserve expected to enact further rate cuts, the dollar is likely to weaken, suggesting a bullish outlook for bitcoin into late 2025 or early 2026. Traders should prepare high-probability strategies, set clear contingency plans, and conduct thorough DYOR and market analysis aligned with their risk appetite and trading style.
Bullish
BitcoinU.S. Dollar IndexDXYTrading StrategyFed Rate Cuts

Stablecoin Market Hits $300B: Chains, Yields & AI

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The global stablecoin market cap has surged past $300 billion, an 83% year-on-year increase, highlighting stablecoins’ evolution from speculative tools to core financial infrastructure. Regulatory clarity from the US GENIUS Act and EU MiCA has spurred compliant adoption. USDT and USDC retain an 84% market share, while newcomers USDe and PayPal’s PYUSD gain traction. Dedicated stablecoin blockchains—Tether’s Plasma, Stable’s layer-1 network and Circle’s Arc—now process over 1,000–3,000 transactions per second with near-zero fees and sub-second finality. Yield-bearing stablecoins like USDe and Sky’s USDS embed delta-neutral strategies to offer 2.6%–4.8% annual returns, driving TVL beyond $110 billion. On payments, provider BVNK handled $20 billion in cross-border stablecoin transfers, and Stripe introduced USDC subscription billing and custom issuance tools. AI-optimized rails via KITE AI and the x402 HTTP protocol set the stage for machine-to-machine stablecoin payments. These advancements signal bullish momentum for traders seeking deeper liquidity, lower transaction costs and expanded DeFi opportunities.
Bullish
stablecoinDeFiblockchaincross-border paymentsAI payments

OpenAI IPO at $1T Valuation and AI Crypto Trading Advances

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OpenAI IPO is set for late 2026, targeting a $1 trillion valuation to raise $60 billion and fuel ChatGPT’s next evolution and broader AGI development. The plan follows a $500 billion valuation in October via secondary share sales. Meanwhile, AI-driven crypto trading models are advancing. In a test based on CoinGlass data, Chinese bots DeepSeek and Qwen3 Max posted a 9 percent gain and outperformed ChatGPT-5, which recorded a 66 percent loss. Nansen analysis attributes these results to differences in training data. Crypto traders should track the OpenAI IPO timeline and the performance of AI trading models. Both developments could shape short-term volatility and long-term market trends in the crypto sector.
Neutral
OpenAI IPOAGI DevelopmentAI Crypto TradingDeepSeekChatGPT-5

ECB Targets 2029 Digital Euro Launch Pending EU Legislation

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The European Central Bank is targeting a 2029 launch for its digital euro, pending agreed EU legislation. Officials will complete this month’s preparatory phase and accelerate planning. A committee meeting in Italy will aim to finalise draft rules by 2026. The digital euro project has been under study since 2020 and entered its formal CBDC preparation stage in late 2023. ECB board member Piero Cipollone says the digital euro will guarantee universal, free digital payments, even during crises like cyberattacks or war. Globally, only three CBDCs—Nigeria’s eNaira, the Bahamas’ Sand Dollar and Jamaica’s Jam-Dex—have fully launched. Another 49 jurisdictions remain in pilot. Proponents cite gains in payment efficiency and financial inclusion. Critics raise privacy and overreach concerns. Crypto traders should watch EU legislation and the digital euro timeline as they could shape the CBDC environment and regulatory stance, affecting the broader digital asset sector.
Neutral
Digital EuroCBDCEuropean Central BankEU LegislationFinancial Inclusion

Coinbase Refutes Banks’ Stablecoin Deposit Drain Worries

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Coinbase has challenged major US banking groups’ claims that stablecoins could drain deposits and threaten lending. Its policy chief, Faryar Shirzad, argues stablecoins are used primarily for payments and cross-border transfers. He stresses that demand mainly comes from international users seeking dollar exposure, not US retail customers. According to Coinbase, about two-thirds of stablecoin transfers occur on DeFi or blockchain platforms, operating parallel to traditional banking rather than competing directly. US commercial bank deposits exceed $18 trillion, while global stablecoin circulation is capped around $5 trillion, mostly held offshore. The report also highlights minimal overlap between community bank customers and stablecoin users, suggesting banks could integrate stablecoins to enhance services. Following the GENIUS Act rollout, several institutions are already exploring or launching stablecoin offerings. By reframing stablecoins as complementary to the banking system, Coinbase aims to ease regulatory concerns. Growing stablecoin adoption is seen as reinforcing the dollar’s global dominance rather than undermining banks. For traders, this clarification of stablecoins’ role could support continued growth in digital asset markets.
Neutral
StablecoinsCoinbaseDeFiBankingDigital Dollar

Buterin Dumps 275T CAT Memecoin as ETH Falls Below $4K

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Ethereum co-founder Vitalik Buterin conducted a new memecoin sale, offloading 275 trillion CAT tokens for $14,216 USDC via Lifi Diamond. These tokens were airdropped unsolicited two days earlier and their sale triggered a 0.81% CAT price dip. This memecoin sale follows Buterin’s pattern of converting random airdropped tokens—his wallet also received 1 billion SPURDO and 6.439 billion TWOGE—into stablecoins, often for charitable donation. Meanwhile, Ethereum slipped below $4,000 as the broader crypto market stays bearish, with $812 million liquidated in the last 24 hours and open interest down 1.28% to $161 billion. Even a 25 bp Fed rate cut failed to spark a rally. Traders should monitor memecoin airdrop tactics and key ETH support levels to gauge market sentiment.
Bearish
Vitalik ButerinCAT memecoin saleEthereumMarket liquidationsToken airdrops