Business

Singapore Central Bank to Test Tokenized Banknotes, Introduce Stablecoin Laws

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The Monetary Authority of Singapore (MAS) plans to test tokenized invoices settled with the central bank’s wholesale digital currency (CBDC) as the next phase of integrating blockchain-based finance into its economy. Singapore’s central bank is also preparing a bill for a regulatory regime for stablecoins, Chia Der Jiun, chief executive of MAS, said at the […]

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Bitcoin plunges below $97,000 and $880 million in liquidations

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A further decline in the Asian morning exacerbated losses for hopeful traders as bitcoin lost the $98,000 level for the first time since May, extending a week of bleeding that dragged the majors lower. Ether fell more than 8% to around $3,500, while XRP, DOGE$0.1647Solana’s SOL and Cardano’s ADA saw similar declines. The tone remained

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XRP ETF Fails to Pull Back Bulls as Ripple-Linked Token Plunges 7.3% Amid BTC Selloff

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The sharp sell-off breaches the psychological low of $2.30, erasing recent gains as distribution overwhelms XRPC’s historic debut. News context XRP’s worst intraday decline in weeks coincided with a major industry milestone: the launch of the first US spot XRP ETF, Canary Capital’s XRPC, now officially live on Nasdaq at 5:30 p.m. ET. The listing

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$869 million outflow hits cash ETFs

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The 11 U.S. spot-traded Bitcoin exchange-traded funds (ETFs) collectively lost $869.86 million on Thursday, recording their second-highest outflow on record, according to data source SoSoValue. Investors withdrew $2.64 billion over three weeks, a sign of growing caution and a change in market sentiment. Thursday’s outing coincided with Bitcoin falling below the key $100,000 support level

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Tether Reaches Highest Dominance Since April, Highlighting BTC’s Downtrend

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Tether’s dominance in the cryptocurrency market has risen sharply, reaching its highest level since April, highlighting risk aversion in the broader cryptocurrency market. Tether is the world’s largest dollar-pegged stablecoin, trading at a market cap of $184 billion at press time. Although stablecoin is widely used to finance crypto purchases and for lending and borrowing

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Canary’s XRP ETF Debuts in 2025 with $58 Million in Day One Volume

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Canary Capital’s XRPC, the first U.S. spot exchange-traded fund (ETF) tied to the payments-focused Total volume narrowly edged out Bitwise’s Solana ETF (BSOL), which recorded $57 million on its first day, putting the two funds in a league of their own as clear favorites for 2025. Notably, the third-place ETF pioneer lagged by more than

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Zero Identity Startup Raises $9M Itself, Introduces Points Program

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Self, a zero-knowledge identity and proof-of-humanity protocol used by Google (GOOG) and Aave, said it has raised $9 million in seed funding and introduced a points-based rewards program to promote on-chain identity verification. Investors include Greenfield Capital, Startup Capital Ventures x SBI Fund (SoftBank), Spearhead VC, Verda Ventures, Fireweed Ventures and angel investors such as

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Why are Bitcoin (BTC), XRP (XRP), Ether (ETH) not rallying while gold and silver are shining?

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Major cryptocurrencies face continued pressure this month, even as gold and silver rebound. These divergent trends reflect risks unique to digital assets, as growing concerns over government stability propel precious metals higher, underscoring increasing investor confidence in traditional safe havens. This month, Bitcoin BTC$99,228.83the largest cryptocurrency by market value, fell more than 9%, falling below

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BNY Launches Stablecoin Reserve Fund for Issuers, Eyeing $1.5 Billion Market

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BNY, one of the oldest banks in the United States, is launching a new money market fund aimed at helping stablecoin issuers meet federal reserve requirements under U.S. regulations, the company announced Thursday. The BNY Dreyfus Stablecoin Reserves Fund (BSRXX) is designed to hold cash reserves for stablecoins issued under the GENIUS Act, a federal

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