Saturday, October 10

Crypto

BIS Chief Says Stablecoins Not Credible for Payments at Scale

The Bank for International Settlements is renewing its criticism of stablecoins, questioning their credibility as everyday money as governments worldwide build regulatory frameworks around the tokens.BIS General Manager Pablo Hernández de Cos, a candidate to succeed European Central Bank President…

Bitcoin ETFs Post 2M Outflow After 9-Day Inflow Run

US-listed spot Bitcoin exchange-traded funds (ETFs) ended a nine-day inflow streak as Bitcoin fell below $78,000, while several altcoin ETF categories continued to see inflows.Bitcoin ETFs recorded $201.8 million in net outflows on Friday, ending nine consecutive trading sessions of…

Solana Governance Approves Faster Reduction in SOL Issuance

Solana validators have approved a proposal to double the network’s annual disinflation rate, reducing future SOL issuance.According to finalized voting results, the proposal received 67% support, with 25.16% voting against and 7.84% abstaining. Overall participation reached 60.7% of eligible stake.The…

Chelsea FC Gets a Stablecoin Sponsor after UK FCA Warning to Clubs

Circle, the issuer behind the USDC stablecoin, will be the latest sponsor for the Chelsea Football Club just months after the UK’s financial watchdog warned about “questionable sponsorship deals with unauthorized financial firms,” including crypto companies.In a Friday announcement, Circle…

Bullish Backs USD.AI with 0M for AI Infrastructure Loans

Institutional crypto exchange operator Bullish has provided USD.AI with a $100 million stablecoin-based debt facility to finance loans secured by GPU infrastructure, the companies announced Friday.USD.AI will use the facility to lend to AI infrastructure operators, with the loans secured…

Bitcoin Rally Lifts Crypto Stocks, Circle and Solana

Bitcoin’s return above $80,000 is exposing just how much the crypto industry now runs through traditional capital markets. Michael Saylor’s Strategy needs a receptive market to finance its Bitcoin machine (BTC), Circle’s outlook increasingly resembles a bet on the growth…

Who Is Legally Liable When An AI Agent Goes Rogue?

Autonomous AI agents can behave in highly unpredictable ways. Give an AI Agent a goal such as passing a test of its capabilities, and it might just decide the best way to score highly is to break containment and hack…

BitGo Acquires NYDIG Institutional Trading Business

BitGo has acquired the institutional trading business of Bitcoin infrastructure company NYDIG, adding derivatives and financing capabilities as it expands services for institutional crypto clients.BitGo said it completed the acquisition of NYDIG’s institutional trading business under a definitive agreement, the…

ENA Rises 10% after Ethena Foundation Reveals Token Buyback Proposal

The native token of the synthetic dollar protocol Ethena (ENA) registered double-digit gains after the Ethena Foundation unveiled four ecosystem changes, including a proposal for revenue-funded token buybacks and a completed buyout of locked tokens held by some early investors.The…

Visa Partners With Upbit Parent on Stablecoin Payments

Visa and Dunamu, the parent company of South Korean cryptocurrency exchange Upbit, have formed a strategic partnership to explore stablecoin payments, cross-border remittances and artificial intelligence-powered commerce.The companies will combine Dunamu’s digital asset technology with Visa’s global payments network to…

The Sandbox Plans 1:1 Repayment After 0K Bridge Exploit

Blockchain gaming platform The Sandbox has pledged to repay eligible SAND holders 1:1 after an Aug. 21 bridge exploit drained 14.744 SAND, worth about $700,000, from an Ethereum vault. On Thursday, the company published a post-mortem, saying users who legitimately held…

Grayscale Sees Zcash as Potential Bitcoin Challenger

Zcash could emerge as a meaningful challenger to Bitcoin’s dominance among digital assets as the rapid adoption of artificial intelligence puts a premium on financial privacy and fuels concerns over AI-powered surveillance, according to Grayscale. In a new research report, Grayscale…

Sovereign Digital Bond Used as Collateral in Onchain Repo

Virtu Financial, M1X Global and Tradeweb completed an onchain repo transaction using a sovereign digital bond as collateral, with the full transaction settling on the Canton Network.The transaction used USDM1, a US dollar-denominated sovereign bond issued onchain by the Republic…

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