šŸ”Market Summery

Our detailed market analysis is being prepared and will be published here soon — stay tuned for insights and trends.

Crypto’s billions are back, but the premiums aren’t

Crypto’s billions are back, but the premiums aren’t

Crypto companies are raising billions again, but investors are no longer handing out premiums indiscriminately.Kalshi is reportedly seeking $1 billion at a $40 billion valuation, nearly twice what it was worth in May. Meanwhile, Blockchain.com is preparing for an initial public offering (IPO) at a p…

Circle urges EU to revise stablecoin reserve rules in MiCA review

Circle urges EU to revise stablecoin reserve rules in MiCA review

Stablecoin issuer Circle urged the European Commission to revise reserve requirements in its response to a consultation on reviewing the Markets in Crypto-Assets Regulation (MiCA).In Thursday’s summary of its response, the USDC and EURC issuer said mandatory bank-deposit requirements expose stableco…

Ethereum-Based Stablecoin Issuer ENA Could Surge 600%: Standard Chartered

Ethereum-Based Stablecoin Issuer ENA Could Surge 600%: Standard Chartered

Standard Chartered initiated coverage on a stablecoin-linked token Wednesday, expecting it to outpace both Bitcoin and Ethereum through 2028.The Token Standard Chartered Is Betting OnStandard Chartered wrote in a September 30 research report that Ethena’s ENA token carries a $2 price target for e…

Circle Takes FX Onchain With 24/7 Stablecoin Settlement On Arc

Circle Takes FX Onchain With 24/7 Stablecoin Settlement On Arc

TL;DRCircle has launched StableFX on Arc, giving approved institutions 24/7 access to stablecoin-based foreign exchange settlement.The system uses RFQ pricing from multiple liquidity providers and smart-contract settlement so both sides of a trade complete together.Circle is providing the software a…

AI potential to drive crypto demand remains ā€˜underappreciated’: BlackRock

AI potential to drive crypto demand remains ā€˜underappreciated’: BlackRock

The world’s largest asset manager, BlackRock, says broad AI adoption could represent an underappreciated source of demand for digital assets.In its latest research paper, ā€œThe Machine-Native Economy,ā€ BlackRock said the rise of AI and machine-to-machine payments could increase demand for blockchains…

Crypto Biz: CLARITY Act setback puts Coinbase in the spotlight

Crypto Biz: CLARITY Act setback puts Coinbase in the spotlight

The crypto industry spent much of the past two years preparing for regulatory clarity in Washington. This week, one of its biggest legislative priorities hit a major roadblock.The CLARITY Act failed to advance in the Senate on Tuesday, falling short of the 60 votes needed to bring the bill to the fl…

Circle Mint lets institutions borrow USDC against Bitcoin without selling their BTC

Circle Mint lets institutions borrow USDC against Bitcoin without selling their BTC

Selling Bitcoin to access cash is the crypto equivalent of selling your house to pay rent. Circle wants to end that tradeoff for institutional holders. The company launched a Digital Asset-Backed Borrowing feature on its Circle Mint platform, giving eligible institutions a way to unlock USDC liquidi…

Circle launches Bitcoin-backed USDC borrowing for institutional clients

Circle launches Bitcoin-backed USDC borrowing for institutional clients

Stablecoin issuer Circle has launched a Bitcoin-backed borrowing service for institutional clients, allowing eligible Circle Mint customers to use BTC as collateral to borrow USDC through onchain lending markets.The service, called Digital Asset-Backed Borrowing, lets customers deposit Bitcoin, mint…

Crypto Blew Its Big Moment— WSJ

Crypto Blew Its Big Moment— WSJ

By Dylan Tokar, Kevin T. Dugan and Vicky Ge HuangSen. Angela Alsobrooks was wrapping up her holiday break this January when she noticed a message on her phone. It was a voicemail from Coinbase Chief Executive Brian Armstrong, and it was about three-minutes long.The Maryland Democrat was a key negoti…

Arthur Hayes Says Crypto Didn't Need 'Nonsense' CLARITY Act - Just A Rate Hike, Bitcoin Tops $81K

Arthur Hayes Says Crypto Didn't Need 'Nonsense' CLARITY Act - Just A Rate Hike, Bitcoin Tops $81K

As Bitcoin (BTC) traded above $81,000 on Saturday, Flop Labs CEO Arthur Hayes dismissed the Digital Asset Market Clarity Act (CLARITY Act) as "nonsense" and said crypto needed the Federal Reserve's rate hike, not the bill."See, we didn't need some nonsense piece of crypto regulation, Clarity Act, ju…

Bastion wins conditional OCC approval for national trust bank charter

Bastion wins conditional OCC approval for national trust bank charter

Stablecoin infrastructure provider Bastion said the Office of the Comptroller of the Currency (OCC) had granted it preliminary conditional approval for a US trust bank charter.The charter adds federal supervision from the OCC to the state licenses Bastion already holds, according to a news release o…

CoinShares Says Bitcoin Won't Hit $80,000. Is It Correct?

CoinShares Says Bitcoin Won't Hit $80,000. Is It Correct?

CoinShares does not expect Bitcoin price to break above $80,000 this year. The firm blames a hawkish Federal Reserve and the stalled CLARITY Act, the US bill setting crypto market rules.Bitcoin trades near $78,040, about 2% below that level. VanEck expects $100,000 within a year, which turns the fo…