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A meme coin tied to Pinkfong, the creator of Baby Shark, collapsed after the company announced it was unauthorized. The token was minted using Story Protocol, a platform designed for managing intellectual property rights, which supported the creation of derivative works. Pinkfong warned that legal actions would follow for those
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Today in crypto, Kraken reportedly raised $500 million at a $15 billion valuation ahead of a potential public offering. This funding aligns with industry expectations of an IPO. In the UK, UK Finance launched a pilot for tokenized sterling deposits with six major banks, including Barclays and HSBC, aiming to
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Bitcoin is currently facing a bearish sentiment among predictors on Myriad Markets, who now believe it will fall to $105,000 before potentially rising to a new all-time high of $125,000. The probability of hitting $105,000 has surged to 68%, reflecting a significant shift in expectations over the
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Hester Peirce, a commissioner at the SEC known as 'Crypto Mom,' humorously spoke about her potential plans to become an NFT creator after her tenure at the agency. At a recent Coin Center event, she used NFT metaphors to express her ongoing commitment to establishing sound crypto policies.
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Citi has updated its stablecoin market cap forecast, projecting growth to $4 trillion by 2030. The bank's analysts suggest a base case of $1.9 trillion, up from earlier projections of $1.6 trillion, and a bull case of $4 trillion, previously at $3.7 trillion. The stablecoin
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Bitcoin has experienced a significant drop of over 5%, slipping below the $110,000 mark, marking its sharpest weekly decline since March 2025. This has resulted in the liquidation of over $15 billion in leveraged positions, highlighting a reset in risk appetites within the crypto market. Notably, the Advanced Sentiment
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Tether is reportedly looking to sell about 3% of its equity, attracting interest from major investment firms like SoftBank Group and ARK Investment Management for a potential $20 billion investment. If successful, this funding round could value Tether at $500 billion, positioning it alongside other highly valuable private companies. CEO
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The cryptocurrency market is facing a downturn, with total market capitalization falling 1.8% to $3.75 trillion. Despite this, Hyperliquid's token HYPE has risen 9.26%, becoming the only top 10 cryptocurrency in the green on a day when others suffered losses. BNB also dropped 4.23%
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Crypto’s integration with traditional finance is accelerating as major banks expand their crypto services. Morgan Stanley plans to launch crypto trading through ETrade in 2026, allowing clients to buy Bitcoin, Ether, and Solana. CEO Jamie Dimon of JPMorgan expressed a cautious stance on stablecoins, noting their potential demand but
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Ethereum developers confirmed the rollout of the Fusaka testnet, which will commence on October 1, 2025. This upgrade will introduce a default gas limit increase to 60 million and aims to enhance validator efficiency and storage capabilities through the implementation of PeerDAS technology. The testnet will be activated on Holesky,
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Jito has officially launched its Block Assembly Marketplace (BAM) on the Solana mainnet, transitioning to an open-source model. This new framework prioritizes transparency, privacy, and application customization for block construction. Validators are beginning to onboard with BAM, which supports a plugin structure that allows developers to implement custom ordering logic,
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Bitcoin (BTC) is witnessing a slight uptick above $110,000, with Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) also making gains. The recent bounce in crypto prices follows the PCE inflation data for August, which rose by 2.7% year-over-year, aligning with predictions and suggesting that inflation may be stabilizing.