Crypto Breaking

Ethereum Mainnet Welcomes Return of Perpetuals Trading Platform Synthetix

Synthetix, a prominent perpetual trading platform, is making a significant move back to Ethereum’s mainnet, grounded in the belief that the network now possesses the capacity to support high-frequency financial applications. This shift comes after years of congestion and high gas fees had driven derivatives activity to layer-2 solutions and alternative blockchains.

Key Takeaways

Perpetual DEXs are returning to Ethereum mainnet as network congestion diminishes.

Improvements in layer-1 scalability combined with layer-2 solutions have lowered transaction costs.

Synthetix’s founder highlights the liquidity and on-chain efficiency of Ethereum.

The trend suggests other perpetual exchanges may follow suit, boosting Ethereum’s derivative ecosystem.

Tickers mentioned: None

Sentiment: Optimistic

Price impact: Neutral. Lower transaction fees and improved scalability make the network more viable for derivatives trading without immediately impacting prices.

Market context:

The resurgence of perpetual trading on Ethereum signifies renewed confidence in the network’s capacity post-Merge, underscoring ongoing advancements in scalability and costs reduction, which are critical for DeFi growth.

Synthetix, a leading perpetual derivatives platform, is returning to Ethereum mainnet after years of operating on layer-2 solutions such as Optimism and Arbitrum. Founder Kain Warwick emphasizes that Ethereum’s recent improvements have restored its viability for complex trading infrastructure, citing significantly reduced gas fees as a primary factor.

Source: Synthetix

Warwick pointed out that high gas fees previously rendered the buildout of sophisticated trading infrastructure on Ethereum impractical. As costs soared, many platforms migrated to layer-2 networks or alternative blockchains to sustain activity. For instance, in 2022, Synthetix shifted to Optimism and later expanded to Arbitrum and Base, while dYdX transitioned to StarkWare’s StarkEx layer-2 protocol.

He highlighted that the current environment, with average gas fees around 0.71 gwei—compared to nearly 19 gwei a year ago—creates a more conducive setting for infrastructure deployment on Ethereum mainnet. This shift, coupled with ongoing layer-2 developments, means critical infrastructure can now operate directly on mainnet again, boosting confidence in the network’s capacity.

Looking ahead, Warwick predicts other perpetual platforms will follow Synthetix’s lead, bringing more volume and liquidity back onto Ethereum. He notes that most of the crypto assets and liquidity are concentrated on Ethereum, making it the most efficient on-chain market.

The ongoing enhancement of Ethereum’s network, with some estimates pointing to further capacity improvements by 2026, underlines the platform’s robust resilience and potential for continued growth in decentralized finance and derivatives trading. Warwick emphasizes that recent development efforts have marked one of the most productive years since the Merge, reflecting a renewed focus on supporting builders and infrastructure in the ecosystem.

This article was originally published as Syntix Returns to Ethereum Mainnet After 3 Years — What’s Next? on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Intercontinental Exchange in Talks to Invest in Crypto Payment Platform MoonPay

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is reportedly in discussions to invest in MoonPay, a prominent crypto payments infrastructure provider. This move highlights the ongoing integration of traditional finance and the burgeoning digital asset ecosystem, as ICE seeks to deepen its involvement in blockchain and digital currency services.

Key Takeaways

ICE is exploring a potential investment in MoonPay, targeting its latest funding round valued at $5 billion.

MoonPay offers infrastructure enabling cryptocurrency transactions via fiat on- and off-ramps, facilitating easier crypto adoption.

Recent ICE investments include $2 billion into prediction platform Polymarket, valued at $9 billion, indicating an expanding interest in innovative financial technologies.

The growing collaborations between traditional financial institutions and crypto firms illustrate a shifting landscape, with increasing acceptance and integration of blockchain solutions.

Tickers mentioned: None

Sentiment: Bullish

Price impact: Neutral. The news reflects institutional interest and could catalyze positive sentiment but does not immediately impact asset prices.

Market context: The move aligns with broader trends of mainstream finance adopting blockchain technology amid regulatory clarity and technological advancements.

Intercontinental Exchange Aims to Expand Crypto Ecosystem

ICE is engaged in advancing its crypto strategy, evident from its imminent investment in MoonPay, a company founded in 2019 that supplies infrastructure for cryptocurrency transactions. MoonPay simplifies access to digital assets by allowing users to purchase crypto seamlessly with traditional payment methods like debit and credit cards. Its services are tailored not only for individual users but also for wallets, exchanges, and enterprises aiming to incorporate crypto payments into their ecosystems.

Shayne Coplan, founder of Polymarket, and Jeffrey Sprecher, CEO of ICE, pose in front of the NYSE after the $2 billion investment deal. Source: Shayne Coplan

While details of the investment have yet to be disclosed, this strategic move underscores the deepening ties between Wall Street and the crypto industry. The convergence is exemplified by collaborations such as ICE’s exploration of stablecoin integrations with Circle and its USDC stablecoin, alongside efforts to tokenize assets through the U.S. Securities and Exchange Commission’s approval of tokenized bonds and stocks via DTCC.

Tokenization of real-world assets enables faster settlement, cross-border transactions, and enhanced collateralization within decentralized finance. The DTCC, a critical backbone of traditional markets, managed approximately $3.7 quadrillion in settlement volume in 2024. It also plans to launch tokenized trading services by late 2026, using platforms like Canton Network, to further embed blockchain into mainstream financial clearinghouses.

The trend indicates a significant shift toward integrating blockchain technology into traditional markets, driven by both regulatory progress and technological innovation, reinforcing the strategic importance of collaborations between crypto firms and established financial institutions.

This article was originally published as NYSE Parent Company Considers Investing in Crypto-Focused MoonPay: Report on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin Mining in China: Debunking the Recent Crackdown Hype

Claims of a renewed crackdown on Bitcoin mining operations in China’s Xinjiang region stirred significant concern within the digital asset community this week. However, recent data suggests that the actual impact on global mining activity was far less severe than initial reports indicated. While there was a noticeable short-term dip in Bitcoin’s network hashrate, the disruption appears to have been largely temporary, emphasizing the resilience of the global mining ecosystem.

Key Takeaways

Global Bitcoin hashrate experienced a brief decline coinciding with reports of Chinese mining shutdowns.

Most major mining pools quickly recovered, with the net hashrate loss significantly lower than initially estimated.

The decline was concentrated mainly in North America, not exclusively in China, challenging narratives of a region-specific crackdown.

Resurgence of mining activities in China continues despite the government’s 2021 ban, largely influenced by regional energy advantages.

Tickers mentioned: $BTC

Sentiment: Neutral

Price impact: Neutral. The temporary hashrate decline did not result in sustained price movement, indicating limited immediate market effects.

Market context: The incident underscores the ongoing resilience and adaptability of the global Bitcoin mining industry amidst geopolitical and regulatory challenges.

The Reality Behind the Reports

Earlier this week, reports of a crackdown on Bitcoin mining in China, specifically in Xinjiang, surfaced after statements from Jianping Kong, a former executive at hardware manufacturer Canaan. Initial social media estimates speculated that up to 500,000 mining machines might have gone offline. Such figures led to fears of a significant disruption in Bitcoin’s hashrate and security.

Source: Kevin Zhang / X

However, deeper analysis by industry sources such as TheMinerMag shows that the actual impact was considerably milder. The temporary declines during Monday’s fluctuations mainly affected North American pools, notably Foundry USA, which reported an estimated 180 EH/s drop. Meanwhile, Chinese pools collectively saw declines of roughly 100 EH/s, but attributing all of this to Xinjiang is a stretch, considering the complex, interconnected nature of global mining operations.

Most pools rapidly rebounded within days, with the net decline in hashrate only around 20 exahashes per second — a far cry from the exaggerated initial estimates. This points to a transient disruption rather than a sustained, region-specific shutdown of activities.

Despite the official ban implemented in 2021, Bitcoin mining activity in China has been gradually resurging. Data from CryptoQuant indicates that China still accounts for an estimated 15% to 20% of global Bitcoin mining capacity. Xinjiang, known for its abundant and low-cost energy, continues to attract miners, aided by local infrastructure investments and leasing arrangements that help mitigate cyclical demand shifts.

In summary, while regulatory and operational issues continue to influence regional mining activity, the recent disruptions do not threaten the overall resilience of Bitcoin’s global network nor distort the broader narrative of a diversified, international mining industry. The incident highlights the importance of nuanced analysis over sensationalized reports in understanding the complex dynamics governing the world’s largest cryptocurrency network.

This article was originally published as Bitcoin Hashrate Surges as Xinjiang Mining Concerns Ease on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Ethereum’s Price Decline and Market Sentiment Signal Caution Amid Rising Risk Aversion

Ethereum has experienced significant downward pressure over the past week, with the cryptocurrency falling to $2,800 on Wednesday and prompting liquidations of over $165 million in bullish futures positions. This decline coincides with broader market concerns, including increased risk aversion and weakening institutional interest, reflected by substantial outflows from US-listed Ethereum ETFs and declining activity on the Ethereum network.

Key Takeaways

US-listed Ether ETFs experienced heavy outflows, indicating waning institutional demand amid declining network activity.

Futures market metrics show reduced open interest and premiums, suggesting cautious investor positioning without yet turning bearish.

Ethereum’s network activity and staking metrics have diminished, further dampening long-term optimism.

Market focus is now on Thursday’s US Consumer Price Index (CPI) report, which could influence monetary policy and crypto sentiment.

Tickers mentioned: Ethereum

Sentiment: Bearish

Price impact: Negative, driven by declining institutional inflows and network activity.

Trading idea (Not Financial Advice): Hold — Caution is advised as market indicators point toward increased risk and potential further downside.

Market context: A broader risk-off environment and cautious investor sentiment are weighing on Ethereum’s recent performance, amid macroeconomic concerns and rising market volatility.

Market Overview

Ethereum’s price plummeted to $2,800 on Wednesday, amidst a wave of liquidations affecting over $165 million in futures contracts. The sharp 13% weekly decline was partly fueled by investors’ risk-off stance, as equity markets such as the Nasdaq index fell 1.8%. This broader market weakness has intensified fears of further downside for ether, especially with investors scrutinizing declining on-chain activity.

ETH/USD vs. Total Crypto Capitalization. Source: TradingView

The declines extended to institutional investment products, with US-listed Ether ETFs recording over $533 million in net outflows since Thursday. These ETFs, which hold approximately $17.5 billion worth of ETH, traditionally signal institutional demand — but the recent exodus suggests a shift in investor interest. Meanwhile, demand for leveraged ETH futures has waned, with open interest dropping from a peak of about $32.4 billion to $28.1 billion across major exchanges.

ETH futures aggregate open interest. Source: CoinGlass

Market’s expectation of future price stability is reflected in the modest 3% premium in three-month futures, below the usual 5-10% range, indicating subdued bullish sentiment. On-chain activity further corroborates this cautious stance, with decentralized application (DApp) fees declining to $68 million over the past week, down from $98 million in recent weeks. Additionally, the total value of ETH staked on the network has subtly decreased, diminishing the long-term supply pressure that supports bullish cases.

Weekly Ethereum DApps fees. Source: DefiLlama

Overall, the combination of ETF outflows, declining futures activity, reduced on-chain utilization, and increased macroeconomic uncertainty suggests that Ethereum faces headwinds in the near term. Investors will be closely watching the upcoming US CPI report, which could influence Federal Reserve policy and market risk appetite. Until then, caution remains advisable amid signs of weakening investor confidence in Ethereum’s recovery prospects.

This article was originally published as Ethereum Price Surge Near $3K May Face Resistance Due to Growing ETF Outflows on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin Exhibits Volatility Amid Surprising US CPI Data

Bitcoin experienced heightened volatility on Thursday, following the release of unexpectedly low US inflation figures. Markets reacted swiftly, with the cryptocurrency’s price surging past $89,000 before reversing course amid fluctuating trading signals, reflecting traders’ ongoing uncertainty. This rapid movement underscores Bitcoin’s sensitivity to macroeconomic data and its role as a macro hedge in times of economic flux.

Key Takeaways

Bitcoin’s price swung dramatically after US inflation unexpectedly declined to multiyear lows.

The November Consumer Price Index (CPI) showed a significant decline, suggesting possible easing of monetary policy.

Market sentiment indicates anticipation of future rate cuts, boosting risk assets like Bitcoin.

Analysts warn that Bitcoin’s recent fractal pattern may signal a deeper, longer-term bottom.

Market Reactions to CPI Surprise

Data from Cointelegraph Markets Pro and TradingView revealed Bitcoin temporarily surpassed $89,000 before descending again. The US Bureau of Labor Statistics reported that November’s CPI rose just 2.7% year-over-year, a sharp decline from 3.0% in September — the lowest since March 2021. The October report was omitted due to the government shutdown, making the November data particularly impactful.

Crypto analysts reacted swiftly. The Kobeissi Letter highlighted that this inflation data puts the core CPI at its lowest level since the pandemic’s peak, suggesting the Federal Reserve might consider easing monetary policy.

“Inflation is now closest to the Fed’s 2% target since the pandemic. Expect more rate cuts in 2026,”

wrote the publication.

Following the CPI announcement, traders like Daan Crypto Trades indicated that Bitcoin and other risk assets rallied amid falling bond yields and a declining dollar. The CME Group’s FedWatch Tool now assigns a 26.6% probability to a rate cut at the upcoming Federal Reserve meeting, signaling market expectations of looser monetary policy.

Is a New Low on the Horizon?

Despite the positive short-term momentum, skepticism persists among traders. Recent price action has been marked by “fakeouts,” or false breakouts, with Bitcoin encountering liquidity walls above and below previous resistance zones. Total crypto liquidations reached over $630 million in a 24-hour period, reflecting significant market volatility.

Trader Ted Pillows pointed out that Bitcoin’s current fractal pattern resembles its Q1 2025 movements, suggesting the possibility of a deeper macro bottom similar to the lows seen in early April when Bitcoin dipped below $75,000. This potential scenario indicates that although recent gains are notable, a broader correction could still unfold.

This ongoing fluctuation highlights Bitcoin’s complex relationship with macroeconomic indicators and underscores the importance of cautious analysis in a rapidly shifting landscape.

This article was originally published as Bitcoin Jumps Amid Shock US CPI Data as 24-Hour Liquidations Soar to $630M on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Crypto Whale Multisig Wallet Drained in a Sophisticated Attack

An attacker has successfully compromised a whale’s multisig wallet just minutes after its creation, draining approximately $27.3 million and executing staged laundering activities over the past 44 days. The incident raises concerns over security practices in the crypto ecosystem and highlights evolving threats targeting high-value wallets.

Blockchain security firm PeckShield reported that the attacker has laundered around $12.6 million, or roughly 4,100 ETH, primarily through Tornado Cash. The attacker also retains about $2 million in liquid assets and has engaged in leveraged trading on Aave. New forensic analyses suggest the total loss could surpass $40 million, with initial signs of theft traced back to early November.

Yehor Rudytsia, head of forensic investigations at Hacken Extractor, explained that the wallet labeled as “compromised” might not have been under the victim’s control from the outset. On-chain data shows that the multisig wallet was created on November 4 at 7:46 am UTC, but ownership was transferred to the attacker just six minutes later. Rudytsia explained, “Very likely, the attacker created the multisig wallet, transferred funds to it, and then took control of it almost immediately.”

Attacker laundering funds in batches. Source: PeckShield

Following control of the wallet, the attacker exhibited patience, making Tornado Cash deposits over several weeks, beginning with 1,000 ETH on November 4 and continuing through early December in smaller, staggered transactions. Persistent funds remain on the compromised wallet, now under the attacker’s control. Rudytsia also raised concerns about the wallet’s configuration. The multisig was set as a “1-of-1,” requiring only a single signature for transaction approval—a design that doesn’t technically qualify as multisig and significantly lowers security.

Security experts at Hacken warn that various attack vectors are still viable, including malware infections, phishing, and operational errors such as storing private keys insecurely or using the same device for multiple signers. Abdelfattah Ibrahim, a DApp auditor, emphasized that locking devices in cold storage and verifying transactions outside a user interface are critical mitigation strategies.

Emerging Risks from AI-Generated Exploits

Recent research by Anthropic and the Machine Learning Alignment & Theory Scholars (MATS) demonstrates that advanced AI models can autonomously develop and execute profitable smart contract exploits. In controlled tests, models such as Anthropic’s Claude Opus 4.5, Claude Sonnet 4.5, and OpenAI’s GPT-5 collectively generated exploits valued at $4.6 million, illustrating the potential for autonomous hacking.

In further assessments, these AI models identified previously unknown zero-day vulnerabilities when tested against nearly 2,850 new smart contracts, producing exploits valued at just under $4,000, with costs lower than the expense of generating these exploits. This emerging threat underscores the need for enhanced security measures as AI capabilities rapidly advance within the blockchain space.

This article was originally published as Whale Multisig Hacked in Minutes: Attack Drains $40M in Stages on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

BitMine Immersion Technologies has increased its Ethereum holdings to over 3.2% of the total supply, moving closer to its goal of owning 5% of all ETH. As of December 14, the company holds 3,967,210 ETH, after adding 102,000 ETH in just one week. At current market prices, this position is valued in the multibillion-dollar range.

BitMine’s Growing Ethereum Position

BitMine aims to secure 5% of Ethereum’s total supply, a target it is quickly approaching. As of December 14, the company holds nearly 4 million ETH, representing a significant share of the market. By acquiring more than 100,000 ETH in a single week, BitMine is rapidly progressing toward its 5% goal.

The company’s strategy is to accumulate Ethereum during periods of market fluctuations, helping it build a substantial position over time. This long-term strategy reflects BitMine’s goal of becoming one of the largest Ethereum holders. By expanding its holdings, BitMine intends to increase its influence in the Ethereum market.

BitMine’s Strategic Investment Portfolio

Along with its Ethereum position, BitMine holds a diverse portfolio of assets. Its total holdings are valued at $13.3 billion, including 193 Bitcoin, $1 billion in cash, and a $38 million stake in Eightco Holdings. This portfolio ensures liquidity while maintaining long-term exposure to digital assets.

BitMine’s diversified approach helps it manage market volatility, allowing the company to continue accumulating crypto during downturns. By maintaining strong cash reserves, BitMine can preserve operational flexibility and strengthen its position for future growth. This strategy is crucial in navigating market changes while working toward the 5% Ethereum ownership target.

Institutional Backing Fuels Growth

BitMine benefits from the backing of prominent institutional investors, including ARK Invest, Founders Fund, and Pantera Capital. This support provides financial stability, enabling BitMine to pursue its Ethereum ownership goal with confidence.

With strong institutional backing, BitMine has gained significant liquidity and attention in the market. The company’s stock has become one of the most actively traded in the U.S. equity markets. This backing, combined with its growing Ethereum position, positions BitMine as a key player in the digital asset landscape.

The company’s strategy of expanding its Ethereum holdings aligns with the goals of its institutional investors. Their support is vital to helping BitMine reach its long-term target of owning 5% of Ethereum in circulation. With continued backing, BitMine is on track to secure its position as a leading entity in the crypto world.

This article was originally published as BitMine Eyes 5% Ethereum Ownership with Multibillion-Dollar Crypto Strategy on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Market Range Tightens

Ethereum price is moving within a tight band, having lost the earlier support. Nevertheless, volatility is contained due to confidence seeking by the traders. Intraday recoveries have also not been followed through. This trend demonstrates doubt and supports the significance of future levels of breakout or breakdown.

Consolidation does not stop the large Ethereum holders who still continue to amass. Additionally, there have been consistent inflows in whale wallets since mid-year, as indicated by on-chain data. Such a trend means that they are confident in the current valuation ranges. Importantly, accumulation has continued even in short-term price retreats. Statistics indicate that whale buying averages range between approximately one thousand and five hundred dollars to almost three thousand dollars. Therefore, these incumbents can protect the prices in this region. Traditionally, this kind of behaviour constrained the downside moves. Therefore, this range might serve as a stabilising zone in times of volatility.

Ethereum has just fallen below the three thousand dollar mark. This degree however, becomes resistance instead of support. A lasting reclaim is considered critical to the market participants. Furthermore, the inability to recover this region maintains the downside risk in the short run. Momentum indicators also represent continued selling pressure. MACD is still below the signal line and is still trending downwards. Besides, this structure validates bearish continuation. The strength of prices is yet to match any improvement of momentum signals in shorter periods.

RSI Near Oversold

The strength index of the relationship is close to thirty-six. It is near the oversold territory, but there is no clear bullish divergence. Therefore, customers are still being wary. Any upward movement would find it hard without more powerful validation by volume and momentum indicators.

Ethereum can possibly test support around two thousand eight hundred dollars in the event of increased selling. In addition to that, there is still the possibility of a more profound drawback to two thousand six hundred and fifty dollars. They are the levels that appeal to the buyers as the possible reaction zones. A bold action of over three thousand dollars with volume will change the mood. In addition, this breakout can open room to three thousand one hundred dollars. This would be an indication of a new purchasing interest and better short term organisation.

Ethereum is still susceptible to whale actions and technical indications. Therefore, the direction of prices is dictated by accumulation or the appearance of distribution. The volume, on-chain data, and resistance levels of the market are still being monitored by the market players to gain a better understanding.

This article was originally published as Ether Price Stays Below $3K as Whales Drive Market Direction on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Institutional Interest Resurges as Bitcoin ETF Inflows Reach Over $450 Million

Spot Bitcoin exchange-traded funds (ETFs) demonstrated renewed investor confidence on Wednesday, recording net inflows of $457 million — their most substantial daily increase in over a month. This influx signals a potential re-acceleration of institutional demand, which had previously been subdued amid market volatility.

Leading the surge was Fidelity’s Wise Origin Bitcoin Fund, which attracted approximately $391 million in a single day, accounting for the majority of the total inflows. BlackRock’s iShares Bitcoin Trust followed closely with around $111 million, according to data from Farside Investors. These inflows have pushed the total net assets of US-based Bitcoin ETFs beyond $112 billion, representing about 6.5% of Bitcoin’s overall market capitalization. Overall, cumulative net inflows have surpassed $57 billion, reflecting ongoing institutional interest in the digital asset.

This uptick comes after a period of market turbulence in November and early December, characterized by a fluctuating pattern of inflows and outflows. The last significant spike in inflows—over $450 million—was observed on November 11, when funds pulled in roughly $524 million in a single day. The recent revival indicates an increased willingness among institutional investors to re-engage with Bitcoin, possibly driven by macroeconomic factors and shifting monetary policies.

Last time spot Bitcoin ETFs saw inflows of over $450 million was on Nov. 11. Source: Farside Investors

Macro Outlook and Market Dynamics

Vincent Liu, Chief Investment Officer at Kronos Research, noted that the renewed ETF flows likely reflect early positioning rather than late-cycle speculation. He explained, “ETF inflows feel like early positioning. As rate expectations soften, Bitcoin becomes a straightforward liquidity trade. Politics influence sentiment, but macroeconomic movements are a key driver of capital flow.” However, Liu emphasized caution, warning that market momentum might be uneven amid fluctuating liquidity and price action, but as long as Bitcoin remains a macro-focused asset, ETF inflows are expected to continue following the trend of market liquidity.

The recent commentary from US President Donald Trump, who announced plans to nominate a Federal Reserve chair supporting further rate cuts—a move typically bullish for risk assets like cryptocurrencies—adds macroeconomic context to the renewed interest in Bitcoin. Lower interest rates tend to boost risk asset valuations, potentially underpinning bullish sentiment in the crypto market.

Bitcoin’s Supply Dynamics and Market Challenges

Bitcoin has recently retreated to levels last seen nearly a year ago, with the price facing resistance from a dense supply zone between $93,000 and $120,000. As a result, the total Bitcoin supply sitting at a loss has reached 6.7 million BTC, the highest in the current cycle, according to Glassnode. This indicates persistent selling pressure, with demand remaining fragile despite the recent inflows.

The report highlights that spot market buying remains selective and short-lived, with corporate treasury flows episodic and futures positions trending toward de-risking rather than accumulation. Until Bitcoin can sustain price levels above $95,000 and attract new liquidity, it is likely to remain constrained between strong support at approximately $81,000 and ongoing resistance posed by the supply concentration.

This article was originally published as Bitcoin ETFs Surge to $457M Inflows in Early Market Move on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Ethereum Seeks to Simplify User Experience and Build Greater Trust

The Ethereum blockchain faces ongoing challenges in fostering true trustlessness, according to its co-founder Vitalik Buterin. While the network is fundamentally trustless through open-source code and decentralization, complexity issues hinder broader user understanding and adoption.

Trustlessness in blockchain refers to protocols functioning autonomously without developer oversight, enforced purely by code. Yet, if a protocol becomes too intricate, only a select few can comprehend its workings, thereby shifting trust onto a small group rather than the system itself. Buterin highlighted the importance of simplifying Ethereum’s technical architecture to expand overall transparency and trustworthiness.

“An important and underrated form of trustlessness is increasing the number of people who can actually understand the whole protocol from top to bottom. Ethereum needs to get better at this by making the protocol simpler.”

In a recent post on X (formerly Twitter), Buterin emphasized that reducing complexity could sometimes mean sacrificing advanced features, advocating for a balanced approach. The goal is to make Ethereum more accessible, aligning with broader industry insights that technical literacy remains a barrier to mass adoption. Last year, industry leaders pointed out that confusion around storage, regulation, and technical nuances deters everyday users from engaging with crypto technology.

Unified Efforts to Improve Protocol Transparency

Supporting Buterin’s stance, INTMAX, a privacy-focused Layer 2 solution built on Ethereum, underscored that trustlessness shouldn’t merely be about obscure technology. “If only five people can understand how your privacy protocol works, you haven’t achieved trustlessness; you’ve just shifted trust,” they noted. Emphasizing simplicity and transparency, INTMAX advocates for auditable privacy architectures over complex black boxes.

Industry voices also warn that jargon-heavy protocols can feel overwhelming or intimidating, discouraging user participation. Difficulty in deciphering technical language remains a significant obstacle for onboarding new users and mainstream acceptance.

Ethereum’s Roadmap Toward Better Usability

The Ethereum Foundation recognizes these hurdles and has outlined plans to reduce entry barriers significantly. Initiatives include smart contract wallets that streamline gas fees, improve key management, and enable access from mobile devices and browsers. The overarching objective is to make Ethereum as frictionless as engaging with traditional Web2 applications.

Furthermore, the Foundation is investing in educational programs and courses to empower users and developers with a deeper understanding of blockchain technologies. Such efforts aim to foster a more informed and confident user base, paving the way for broader adoption of Ethereum and its ecosystem.

This article was originally published as Buterin Simplifies Ethereum Key to Achieve True Trustlessness on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Over 100 Crypto ETFs Expected to Enter Market by 2026, but Many May Fail

As the crypto ETF landscape continues to expand, industry analysts predict that over 100 new crypto exchange-traded products could launch by 2026. However, the majority of these offerings are likely to face early closures due to insufficient investor demand and low assets under management, according to trading insights from Bloomberg analyst James Seyffart.

In a recent social media post, Seyffart aligned with predictions from crypto asset manager Bitwise, who anticipate a surge in crypto ETF launches. Yet, he cautioned that “many might not survive long,” citing a flood of applications currently pending approval from the U.S. Securities and Exchange Commission (SEC)—over 126 in total. “Issuers are throwing a lot of product at the wall,” Seyffart remarked, emphasizing the aggressive market entry strategies that could lead to a wave of liquidations, potentially beginning as early as late 2026 or by the end of 2027.

Historical data shows that fund closures have been common; last year alone, 622 ETFs ceased operations, including at least 189 in the United States. The trend reflects the challenges of attracting substantial inflows, which are critical for sustaining asset management and operational viability. Notably, several crypto-focused ETFs, such as the ARK 21Shares Active Bitcoin Ethereum Strategy ETF and ARK 21Shares Active On‑Chain Bitcoin Strategy ETF, have already been liquidated this year.

Regulatory Changes Could Accelerate Approval of Crypto ETFs

Market observers are optimistic that recent regulatory shifts—specifically, the SEC’s adoption of generic listing standards in September—will markedly expedite the approval process for new crypto ETFs. These standards eliminate the need for a case-by-case review, paving the way for a rapid increase in product approvals. Asset managers have already begun filing applications to launch ETFs linked to more speculative tokens, including assets tied to memecoins like Melania Trump’s recent endorsement.

Several ETFs tracking popular cryptocurrencies such as Litecoin, Solana, and XRP have launched successfully in 2024, expanding beyond earlier Bitcoin and Ethereum ETFs. According to Farside Investors, spot Bitcoin ETFs in the U.S. have accumulated approximately $57.6 billion since January, while spot Ether ETFs amassed around $12.6 billion since July. Additionally, Solana ETFs from providers including Bitwise, VanEck, and Fidelity have gathered over $725 million since late October.

As the market evolves, increased institutional interest and regulatory clarity may fuel further growth, though many new products will likely face the inevitability of closure if they fail to attract sustainable investor interest.

This article was originally published as Crypto ETFs Could Shut Quickly After Launch, Warns Analyst on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

US Federal Reserve Reverses 2023 Crypto Guidance to Foster Innovation

The US Federal Reserve has reversed its 2023 guidance that limited how banks supervised by the Fed could engage with cryptocurrencies, signaling a shift towards a more accommodating stance on digital assets. The move aims to adapt regulatory frameworks to the evolving financial landscape, potentially paving the way for greater institutional involvement in crypto markets.

Key Takeaways

Former guidance mandated equal treatment for insured and uninsured banks, restricting uninsured institutions from engaging in certain crypto-related activities.

The Fed announced that the guidance was outdated due to the evolving nature of the financial ecosystem.

New policies introduce a pathway for federal reserve-supervised banks to pursue innovative activities, including crypto initiatives, under risk management standards.

The decision was met with mixed reactions within the regulatory sphere, with some questioning the implications for financial stability.

Tickers mentioned: N/A

Sentiment: Neutral

Price impact: Neutral. The removal of restrictive guidance signals flexibility but does not immediately impact market prices.

Trading idea (Not Financial Advice): Hold. Investors should await further developments regarding implementation and risk management standards.

Market context: This development aligns with broader efforts to modernize financial regulation amid rapid innovation in digital assets.

Rewritten Article

The Federal Reserve has officially rescinded its 2023 guidance that constrained how Fed-supervised banks, including uninsured institutions, could engage with cryptocurrencies. The previous policy mandated that uninsured banks adhere to the same rules as federally insured banks, based on the rationale that similar risks should be regulated uniformly. This restriction prevented uninsured banks from offering crypto services and disqualified them from Fed membership if their activities diverged from permitted norms.

The Federal Reserve cited the outdated nature of the guidance as the primary reason for its withdrawal, emphasizing that the financial system and its understanding of innovative products have significantly evolved. In a statement, the Fed acknowledged that the 2023 policy was no longer appropriate, indicating an openness to fostering innovative banking activities.

Caitlin Long, CEO of crypto-focused Custodia Bank, lauded the move, describing it as a necessary step for regulatory progress. She explained that the 2023 guidance was a barrier that previously hampered her institution’s efforts to obtain a master account — a crucial component that allows banks to hold balances directly with the central bank and access core payment systems, thereby settling transactions in central bank money rather than through third-party banks.

Source: Caitlin Long

Long argued that the Fed’s use of the guidance to deny her bank’s master account was unlawful, highlighting that the policy was not official until February 2023, yet the Fed cited it earlier. She expressed optimism that recent leadership changes at the Fed might signal a move away from restrictive policies that previously hindered crypto-related innovation.

New Guidance Aims to Promote Innovation

The Fed’s latest guidance introduces a structured pathway for both insured and uninsured banks under Fed supervision to explore innovative activities, including cryptocurrencies, provided they meet established risk-management standards. Vice Chair for Supervision Michelle Bowman emphasized that supporting responsible innovation helps maintain a banking sector that is safe, sound, and modern.

Divided Opinions within the Fed

Despite the positive tone, the decision was not unanimous. Fed Governor Michael Barr dissented, arguing that maintaining equality among all banking institutions is crucial to safeguarding a level playing field and preventing regulatory arbitrage. Barr’s stance reflects ongoing tensions within regulatory circles about how best to balance innovation with stability, especially as some figures, like Barr, have face scrutiny over potential ties to efforts to limit crypto access.

This article was originally published as Fed Opens New Door for Banks to Access Crypto Markets on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin struggles to maintain above $90,000 amid increased selling pressures

Bitcoin experienced difficulty holding its recent gains above the $90,000 level, signaling waning demand at higher prices. Despite a push by bulls to break through this resistance, bears exerted significant selling pressure, causing the digital asset to retreat from its highs.

According to data from Farside Investors, spot Bitcoin exchange-traded fund (ETF) outflows reached nearly $635 million this week, reflecting a cautious stance among institutional investors. Bloomberg analyst MorenoDV_ highlighted that the True Market Mean (TMM), which signifies the average cost basis of all active coins excluding miners, currently sits at approximately $81,500. A breach below this figure could trigger a sharp decline, prompting Bitcoin to seek support around the $80,600 to $73,777 zone.

Contrasting this outlook, Grayscale analysts maintain a bullish perspective for 2026, projecting Bitcoin could surge to new all-time highs by mid-next year, supported by favorable macroeconomic tailwinds and clearer regulatory clarity in the United States.

Key technical levels and market sentiment

Despite intermittent recoveries, Bitcoin’s price remains volatile, with traders closely watching support levels near $84,000. A decline below this could see a retest of the critical support at $80,600, while a break above the 20-day exponential moving average ($90,037) might pave the way for a rally toward $94,589 and the psychological milestone of $100,000.

Ethereum shows signs of resistance at key levels

Ether rebounded from its trendline but encountered resistance at the 20-day EMA ($3,066). A decline below the trendline could see Ethereum test support levels at $2,716 and $2,623, while a move above $3,350 would signal a potential trend reversal, targeting $3,659 and $3,918 in subsequent rallies.

Broader crypto market outlook

The overall sentiment remains cautious, with many top altcoins displaying mixed signals. BNB faces rejection at $883; XRP’s downward momentum hints at further declines if support at $1.61 gives way; and Solana continues to struggle below resistance, risking further downside toward $95. Meanwhile, Dogecoin and Cardano exhibit signs of consolidating before potential upward moves, contingent on breaking crucial resistance levels.

Market participants will be watching liquidity and macroeconomic developments closely, as these factors continue to influence the volatile cryptocurrency landscape. Overall, the market remains cautious, with technical indicators suggesting the potential for reversals and continued sideways movement amid prevailing uncertainty.

This article was originally published as Is the Bull Market Ending? Here’s What You Need to Know on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Binance Eyes Strategic Reshuffle to Bolster US Presence amid Regulatory Challenges

Binance, the world’s largest cryptocurrency exchange by trading volume, is exploring a strategic overhaul aimed at strengthening its foothold in the United States. This move comes at a time when regulatory scrutiny has intensified, and the company’s founder, Changpeng “CZ” Zhao, might be subject to changes in his ownership stake that could facilitate a broader US expansion.

According to sources cited by Bloomberg, Zhao’s controlling interest in Binance has been a significant obstacle to penetrating key US markets. While no definitive plans have been disclosed, discussions around restructuring or strategic partnerships are reportedly ongoing, with the situation described as “fluid.” Proposed collaborations include US-based giants such as BlackRock and decentralized finance platform World Liberty Financial, which has political ties to former President Donald Trump, potentially signaling Binance’s intent to deepen its US footprint.

Speculation about Binance’s return to the US market gained momentum after Trump’s pardon of Zhao in October, which was widely viewed as a political signal. Binance founder Zhao publicly expressed his ambition to make America a hub for cryptocurrency and Web3 development, stating, “We will do everything we can to help make America the capital of crypto and advance Web3 worldwide.”

Source: CZ

Binance initially ceased US operations in June 2019, creating Binance.US, a separate entity managed by BAM Trading Services, to comply with US regulations. However, the US Securities and Exchange Commission (SEC) has accused Binance Holdings Ltd. of operating both Binance.com and Binance.US, complicating efforts to re-establish a unified US presence. Binance.US remains a distinct platform, offering only select crypto assets without derivatives or access to Binance’s global liquidity pool.

Re-engagement in the US market is seen as a pivotal step for Binance, as the country ranks as the second-largest market for crypto adoption globally, according to Chainalysis. Expanding into the US would grant access to substantial liquidity, further solidifying Binance’s dominance amidst stiff competition.

Nevertheless, the move faces political headwinds. Following Zhao’s pardon, several prominent Democratic lawmakers, including Elizabeth Warren and Maxine Waters, voiced strong opposition. Waters, in particular, accused the pardon of being “pay-to-play,” suggesting political favoritism towards the crypto industry, with some critics warning of regulatory backlash that could hinder Binance’s ambitions in the US.

Overall, Binance’s ongoing strategic considerations reflect both its desire for growth and the broader challenges faced by major crypto exchanges amid increasing regulatory oversight and political resistance, shaping the future landscape of digital asset trading in North America.

This article was originally published as Binance Explores Multiple Paths to Reenter the U.S. Market on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin Bounces Back to $90,000 Amid Short Squeeze and Liquidity Fluctuations

Bitcoin has reclaimed the $90,000 level following a volatile session driven by liquidity dynamics and aggressive short-liquidations. After a recent dip that tested support levels, the leading cryptocurrency surged as traders capitalized on short positions getting squeezed, highlighting the ongoing tug-of-war between buyers and sellers amid fluctuating market liquidity.

Key Takeaways

Bitcoin recovers to $90,000 after erasing previous declines.

Short-term price movements are heavily influenced by liquidity swings, with recent short squeezes catching traders off guard.

Analysts warn of potential breakdowns below critical moving averages, raising bearish outlooks.

Liquidations surpass $120 million within hours, illustrating heightened volatility and market sensitivity.

Tickers mentioned: Bitcoin

Sentiment: Neutral to cautiously bullish

Price impact: Positive. Short-term liquidations and market rebounds indicate a shift in trader sentiment, though caution remains due to technical resistance levels.

Trading idea (Not Financial Advice): Consider watching price action around key support levels for potential long entries, but be prepared for continued volatility.

Market context: The recent price oscillations reflect a market still grappling with liquidity uncertainties amidst wider economic trends.

Market Dynamics and Short Squeeze

In recent trading sessions, Bitcoin experienced erratic price behavior, with the cryptocurrency rallying nearly 2.5% before reversing. Data from Cointelegraph Markets Pro and TradingView captured this volatility, revealing a sharp spike in short-liquidations—exceeding $120 million in just four hours. Traders noted that the surge above $88,000 triggered a wave of short squeezes, squeezing out traders who bet against the rally and fueling the move higher.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Market commentators, including Michaël van de Poppe, praised the recent upward momentum, citing the breakdown of the $88,000 level as a bullish catalyst. Van de Poppe predicted that Bitcoin could ascend toward $93,000 to $94,000 if bullish momentum sustains. Similarly, analyst Exitpump highlighted the recent expansion of liquidity on the upside, noting the squeeze above the key level as a sign of market strength.

However, caution persists among some market watchers. Daan Crypto Trades pointed out that Bitcoin is returning to levels seen roughly six months ago, with substantial liquidity clusters around $95,000. He noted the market remains relatively sparse in liquidity, raising the risks of sharp reversals or further drops.

Technical and Macro Perspectives

Technical analysts keep a close eye on Bitcoin’s moving averages, especially the 100-week simple (SMA) and exponential (EMA) averages, which currently hover just below $85,000. Caleb Franzen of Cubic Analytics highlighted that Bitcoin is approaching a critical technical juncture, with potential for a breakdown below these support levels. Such a move could open the door to new lows around $76,000, as some traders anticipate a macroeconomic environment that could extend the downtrend.

As the market remains volatile and liquidity continues to shift, traders are advised to monitor these critical technical levels and market signals carefully, recognizing that both bullish rebounds and bearish breakdowns remain plausible in the near term.

This article was originally published as Bitcoin’s Volatile Moves Threaten Shorts as Price Hits $90,000 on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Introduction

In December 2025, YouTube introduced a new payout feature allowing eligible U.S. creators to receive earnings in PayPal USD (PYUSD), a dollar-backed stablecoin. This development signals an increasing integration of stablecoins into mainstream financial infrastructures, providing creators with more flexible and potentially faster access to their earnings without altering the core monetization model.

Key Takeaways

YouTube is now offering creators the option to receive payouts in PayPal USD (PYUSD), a stablecoin backed by US dollars.

The stablecoin payout is processed via PayPal’s existing payout infrastructure, with PayPal converting dollars into PYUSD during disbursement.

This move positions PYUSD as a digital dollar for settlement and transfer purposes, expanding stablecoin utility beyond investment.

Creators may experience faster access and new treasury management options but should consider associated fees and tax reporting complexities.

Market Context

By enabling stablecoin payouts, YouTube exemplifies broader industry trends where stablecoins are increasingly integrated into traditional financial workflows, shifting from investment assets to practical settlement tools.

Expanded Payout Processes

Existing YouTube monetization remains unchanged, with earnings generated from ads, memberships, Super Chats, and other features reported in US dollars. Previously, creators received their earnings via bank transfers or fiat-based PayPal balances. Now, eligible U.S. creators can opt to receive PYUSD instead, a digital dollar stablecoin, which is processed through PayPal’s payout system. This option is optional and limited to U.S. creators at present, with no announced international rollout.

In this process, YouTube continues to send USD to PayPal’s payout system, which then converts the amount into PYUSD during disbursement, credited directly to the creator’s PayPal account. Notably, YouTube itself does not issue or custody crypto assets; the conversion and distribution are managed by PayPal using its existing infrastructure.

Practical Implications of Stablecoin Payouts

Receiving PYUSD does not mean creators are paid in volatile cryptocurrencies. Instead, earnings are represented as a digital dollar within PayPal’s ecosystem, which can be held, redeemed for USD, or transferred to other blockchain networks or wallets, subject to fees. The denominated value remains in dollars, and YouTube’s reporting remains unchanged.

PayPal and Paxos, the issuer behind PYUSD, disclose that the stablecoin is backed by USD deposits, U.S. Treasurys, and cash reserves, ensuring a stable peg to the dollar.

Why This Matters to Creators

Faster settlement and global potential: Stablecoins enable transactions that can occur continuously, including weekends and holidays, providing potential for quicker access to funds, especially in cross-border contexts if expanded globally.

Fee considerations: While stablecoins may reduce some delays, creators face fees such as payout charges, blockchain network fees if moving PYUSD on-chain, and conversion costs when cashing out.

Enhanced treasury options: Holding PYUSD offers an additional way to manage dollar-denominated earnings, adding flexibility but increasing asset reconciliation responsibilities.

Risks and Considerations

Tax and accounting complexities: Using stablecoins introduces record-keeping challenges, with potential tax implications depending on jurisdiction.

Fees on transfer, conversion, and blockchain movements persist, potentially affecting overall economics.

Counterparty risk is increased, with reliance on PayPal’s infrastructure and Paxos’s reserve management, and regulatory environments continue to evolve globally.

Broader Industry Trends

YouTube’s adoption of stablecoin payouts underscores a larger shift where stablecoins are becoming essential tools for everyday payments and settlements. Industry collaborations between payment providers, exchanges, and stablecoin issuers aim to streamline liquidity, redemption, and integration, positioning digital dollars as a practical complement to traditional banking systems.

This article was originally published as How YouTube’s Stablecoin Payments Revolutionize Creator Earnings on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Hut 8 Secures $7 Billion AI Data Center Lease in Louisiana with Heavyweight Backing

Bitcoin mining firm Hut 8 has announced a landmark 15-year, $7 billion lease for a significant artificial intelligence (AI) data center capacity at its River Bend campus in Louisiana. This move positions Hut 8 at the forefront of the evolving crypto and AI infrastructure sectors, highlighting the increasing convergence between blockchain technology and advanced computing needs.

Key Takeaways

The company has signed a long-term lease to deliver 245 MW of AI data center capacity, with initial construction underway and completion expected by mid-2027.

Google will serve as a financial backstop, covering lease payments if Fluidstack, the infrastructure provider, defaults.

The deal marks a strategic expansion into the AI sector, following Hut 8’s GPU-as-a-Service launch in 2024.

Major financial institutions are backing the project, financing construction through loans linked to the data centers, reducing Hut 8’s upfront capital requirements.

Tickers mentioned: $BTC, $ETH

Sentiment: Positive

Price impact: The deal’s scale and support signals strong institutional confidence, potentially bolstering the company’s valuation.

Trading idea (Not Financial Advice): Hold — The strategic move underscores long-term growth prospects in AI and blockchain infrastructure.

Market context: The expansion illustrates broader trends of integration between crypto mining, AI, and institutional investment, driven by demand for scalable, high-performance computing solutions.

Major Infrastructure Deal Reinforces Hut 8’s Industry Position

Hut 8’s recent announcement underscores its strategic shift toward supporting artificial intelligence through large-scale data center initiatives. The Louisiana project, dubbed River Bend, involves an expansive 245 MW capacity designed to cater to hyperscale AI workloads.

The company revealed that the infrastructure provider Fluidstack would lease the capacity, with Google stepping in as a financial guarantor, committing to cover lease payments if needed during the 15-year term. This arrangement provides Hut 8 with a significant credit enhancement, reducing financial risk and facilitating project financing.

Construction on the project has already commenced, with the inaugural data hall expected to be operational by the second quarter of 2027. Additional data halls are planned to come online gradually over the following year, expanding Hut 8’s presence in AI infrastructure.

Beyond its physical assets, Hut 8’s strategic focus on AI includes launching GPU-as-a-Service through its subsidiary, Highrise AI, in September 2024, utilizing over 1,000 Nvidia H100 GPUs for cloud-based AI computing. This build-out aligns with broader industry movements as firms like Core Scientific and Galaxy Digital scale AI infrastructure through multi-billion-dollar deals and long-term leasing agreements, emphasizing the sector’s lucrative growth potential.

As AI demand continues to surge, Hut 8’s initiative demonstrates how crypto-native firms are diversifying their revenue streams to capitalize on the growing AI ecosystem, attracting substantial institutional finance and strategic partnerships to support these ambitious projects.

This article was originally published as Hut 8 Secures $7B AI Data Center Lease Backed by Google on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Crypto Platforms Seek to Improve User Engagement Through Prediction Markets

Maintaining consistent user activity on cryptocurrency platforms remains a significant challenge, despite initial interest in onboarding new users. Recently, analytics and prediction market trends have shed light on this ongoing issue, highlighting the difficulty crypto projects face in fostering sustained engagement beyond the early stages.

Data compiled by analytics firm Dune and market maker Keyrock analyzed monthly cohorts of new active users across 275 crypto projects, including networks, decentralized finance (DeFi) platforms, wallets, and trading applications. The findings revealed that Polymarket’s retention rate exceeded over 85% of other protocols sampled, indicating relatively strong user retention. However, overall, the study emphasizes how rare long-term engagement remains within the crypto sector. Low retention rates are especially critical in markets that rely on frequent participation and liquidity, as weak user retention can signal superficial growth or declining activity.

Polymarket retention rate versus crypto entities. Source: Token Terminal

Why Prediction Markets Are Attractive for Crypto Platforms

Prediction markets introduce a different kind of engagement compared to traditional crypto apps. By anchoring activities to real-world events such as elections, sports competitions, or macroeconomic data releases, these markets create recurring reasons for users to come back. This event-driven approach fosters more frequent participation, moving beyond the typical short-term speculation that often characterizes crypto trading. Consequently, prediction markets can help reduce dependency on incentives to sustain activity, encouraging habitual usage rather than one-off trades.

This strategic shift may explain why leading crypto platforms are increasingly experimenting with integrating prediction markets into their offerings. Platforms recognizing the challenge of maintaining continuous activity amid periods of low volatility may see value in features that promote regular engagement, establishing a more stable user base.

Crypto Entities Entering the Prediction Market Arena

Several notable crypto organizations are making strides into prediction markets. Coinbase, Gemini, Phantom, and Bitnomial Clearinghouse are among the firms signaling their entry into this sector. Recently, Bloomberg reported that Coinbase plans to launch tokenized equities and prediction markets, following leaks from researcher Jane Manchun Wong indicating upcoming features on the platform.

Meanwhile, Phantom announced a partnership with Kalshi, allowing users to trade tokenized event-based positions within their wallet app, enhancing user interaction with prediction markets. Additionally, Bitnomial received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate prediction markets and provide clearing services, marking a significant step for the industry. In the United States, Gemini launched an in-house prediction market available across all 50 states, aiming to integrate crypto trading and event-based betting into a single app experience.

This article was originally published as Crypto Retention Insights: Why Platforms Fail to Keep Users Engaged on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Hong Kong’s Largest Crypto Exchange HashKey Debuts on HKEX Following $206 Million IPO

HashKey, Hong Kong’s leading cryptocurrency exchange, has officially listed on the Stock Exchange of Hong Kong (HKEX) after raising $206 million through its initial public offering (IPO). The company’s shares commenced trading on the main board at HKD 6.70 (approximately USD 0.86), marking a significant milestone as the first publicly traded digital asset enterprise in Asia.

According to HKEX data, HashKey’s IPO garnered substantial investor interest, with the company selling 240 million shares. The offering was massively oversubscribed—nearly 394 times for the Hong Kong tranche, which sold 24 million shares, and 5.5 times internationally, with 216.5 million shares sold. This demand underscores mounting investor confidence in the crypto sector amid ongoing institutional and retail interest.

Allotment results of HashKey’s Hong Kong public offering. Source: HKEX

The listing attracted participation from nine cornerstone investors, including Cithara Global Multi-Strategy SPC, UBS Asset Management Singapore, Fidelity, and CDH. Notably, Cithara and UBS received allocations of around 17.5 million and 11.7 million shares, respectively.

During its debut, HashKey experienced notable volatility: its share price briefly surged about 5%, reaching roughly HKD 0.91 before falling to approximately HKD 0.78 during trading. The stock remained slightly below its IPO price—around HKD 0.84—in afternoon trading.

HashKey’s stock price movements on debut. Source: HKEX

HashKey’s chairman and CEO, Xiao Feng, highlighted the significance of the listing: “Listing on the HKEX is a starting point that signifies greater responsibility.” He emphasized the company’s commitment to compliance, security, and infrastructure development as integral to its growth strategy, particularly in Hong Kong.

As the cryptocurrency market continues to expand, HashKey’s public listing signals increased acceptance of digital assets within traditional capital markets. This IPO follows a trend of major crypto firms, including stablecoin issuer Circle and exchanges like Gemini, preparing for or executing public offerings in 2025. The trend reflects a maturing industry increasingly integrated into global financial systems.

Meanwhile, other notable US-based firms, such as Kraken, have also moved toward public markets, with reports of confidential IPO filings hinting at a broader institutional shift in the industry’s pursuit of legitimacy and growth.

This article was originally published as HKEX Lists HashKey After $206M IPO Sells Out Fast on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

US Legislation Aims to Strengthen Fight Against Cryptocurrency Fraud

In an effort to combat the rising tide of crypto-related scams, two U.S. senators have introduced the SAFE Crypto Act, legislation designed to enhance law enforcement capabilities and foster greater cooperation across federal agencies and private sector entities. This bipartisan bill, spearheaded by Senator Elissa Slotkin and Senator Jerry Moran, seeks to create a specialized task force tasked with tackling digital asset fraud more effectively.

Key Takeaways

The SAFE Crypto Act aims to enable federal agencies to better detect and prosecute crypto scams through improved coordination.

The legislation emphasizes increased collaboration among the U.S. Treasury, law enforcement, regulators, and private industry players.

Crypto fraud losses hit $9.3 billion in 2024, up 66% from the previous year, with seniors disproportionately affected.

Experts suggest the new legal framework could trigger a crackdown that deters scammers and improves investor protection.

Tickers mentioned: None

Sentiment: Positive

Price impact: Neutral. The legislation’s passage may bolster regulatory clarity but is unlikely to directly influence market prices in the short term.

Trading idea (Not Financial Advice): Hold. The legislation’s potential for future regulatory enforcement could influence sentiment over time.

Market context: Increasing regulatory attention on crypto scams reflects broader efforts to legitimize digital asset markets amid ongoing security concerns.

Legislative Effort to Address Crypto Scams

Coincident with the rising incidence of crypto-related fraud, which the Federal Bureau of Investigation reported resulted in losses exceeding $9.3 billion in 2024—a 66% increase from 2023—U.S. lawmakers are stepping up their regulatory approach. The SAFE Crypto Act proposes a dedicated task force that would harness federal resources to combat fraud in digital assets comprehensively. Senator Slotkin highlighted that this initiative would enable authorities to utilize every available resource to prevent scams involving cryptocurrencies and digital investments.

Senator Moran underscored the importance of the legislation in providing Americans with better protections as crypto usage continues to grow. Despite ongoing efforts to raise awareness, scammers have become more sophisticated, employing increasingly complex methods to steal funds from unsuspecting investors. Many scams, often involving non-cryptocurrency assets but including crypto references, have become more challenging to detect and prosecute.

Crypto industry experts believe the bill could significantly impact the landscape of digital asset security. Gabriel Shapiro, general counsel at Delphi Labs, commented that a successful implementation might induce panic among scammers. “If this legislation is enforced robustly, scammers will likely be shaken,” Shapiro stated on X. He pointed out that top officials from agencies such as the FBI, the Financial Crimes Enforcement Network, and the Secret Service would actively pursue high-level crypto criminals.

Source: Gabriel Shapiro

Shapiro noted that the bill could be particularly useful because current regulatory agencies overseeing securities and commodities do not focus as heavily on enforcement against scammers and hackers. Private sector players like TRM Labs are also stepping up to assist law enforcement efforts. Ari Redbord, TRM’s vice president, emphasized the importance of collaboration in tracking and disrupting illicit networks in real-time, which could be pivotal in curbing crypto crime.

This article was originally published as SAFE Crypto Act Could Crack Down on Crypto Bad Actors on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.