News (Proprietary)
5 privacy coins that are pumping this week
3+ week, 1+ day ago (379+ words) [5 privacy coins that are pumping this week]Privacy coins are on a tear this week, with Zcash flipping Monero for the largest privacy coin. 5 privacy coins that are pumping this week Privacy coins are on a tear this week, with Zcash flipping Monero for the largest privacy coin. Privacy tokens are taking center stage this week, bucking the slump that has affected the broader cryptocurrency market. Notable commentators in the cryptocurrency space have been predicting a spike in privacy coin prices for months. Their projections now appear to be coming true. Some have wondered whether there hasn't been a coordinated effort to pump privacy coin prices. Zcash Foundation's executive director, Alex Bornstein, has told Cointelegraph that Zcash's recent success is due to broader concerns about governments infringing on users' right to privacy. A combination of hype and technicals has put…...
Crypto’s growth engine stalls as Wintermute warns of ‘recycled liquidity’
3+ week, 2+ day ago (497+ words) Crypto market-maker Wintermute said the digital asset market's current cycle is being driven by "recycled liquidity," as inflows from its three primary funding sources have slowed. In a Wednesday blog post, Wintermute argued that liquidity remains the defining force behind every crypto cycle. The market maker said that while blockchain continues to be adopted, the flow of fresh capital has decelerated in recent months." The company pointed to stablecoins, exchange-traded funds (ETFs) and digital asset treasuries (DATs) as the three major conduits for crypto liquidity, warning that liquidity inflow in all three has reached a plateau." Data shared by Wintermute showed that since 2024, the industry has seen expansion across these three sectors. ETF and DAT assets rose from $40 billion to $270 billion, while stablecoin issuance doubled to about $290 billion. However, the momentum has since faded, leaving the market in a "self-funded…...
Here’s what happened in crypto today
2+ week, 1+ day ago (355+ words) Today in crypto: Nasdaq is aiming to move as possible on its tokenized stocks proposal, 1.75 million HYPE tokens unlocked on Hyperliquid token generation anniversary, Bitcoin may be forming a local bottom as RSI nears oversold and whales open longs. The US Nasdaq stock exchange is making SEC approval of its proposal to offer tokenized versions of stocks listed on the exchange a top priority, according to the exchange's crypto chief. "We'll just move as fast as we can," Nasdaq's head of digital assets strategy, Matt Savarese,saidduring an interview with CNBC on Thursday, when asked whether the SEC could approve the proposal this year. "I think what we have to really evaluate where the public comments come back in and then answer and respond to the SEC questions as they come through," Savarese said. "We hope to kind of work…...
Crypto Biz: Is this what a bear market looks like? (Spoiler: No)
1+ week, 1+ day ago (656+ words) Bitcoin's price dips below $90,000, yet Republic and Kraken ink nine-figure deals. If this is a bear market, someone forgot to tell big money. As Bitcoin (BTC) plunged below $90,000 this week, igniting fresh fears that the bull market may be over, hundreds of millions of dollars continued to flow into crypto companies, signaling that institutional appetite for the sector remains strong. Republic Technologies became the latest company to add Ether (ETH) to its treasury, securing $100 million in financing under unusually favorable terms for the industry. The deal was structured as a zero-interest convertible note, meaning Republic neither pays interest nor risks defaulting for missed payments " a rare setup in the crypto financing landscape. "Republic's raise, while unique, probably won't spark off a new normal for how funds are raised in the crypto industry, though it is a sign of a maturing…...
Crypto, tech stocks climb on Nvidia’s blowout Q3 earnings
1+ week, 3+ day ago (434+ words) Nvidia has posted a record quarterly revenue, which has helped dampen fears of an AI bubble and lift crypto and tech stocks. Tech and crypto stocks rose in after-hours trading on Wednesday after chip maker Nvidia's third-quarter earnings beat expectations on the top and bottom line, allaying fears of an AI bubble. Nvidia reported record revenue of $57 billion for its third quarter ended Oct. 26, up 62% from a year ago and beating Wall Street projections of $54.7 billion. The company reported a profit of $31.9 billion, a 65% increase from last year and surpassing analyst expectations. It also gave a higher-than-expected guidance of $65 billion in revenue for its fourth quarter, suggesting the appetite for artificial intelligence isn't yet slowing down. Concerns of an AI bubble had seen tech shares slide over the past weeks, which saw crypto also dump as investors sold off risky…...
Czech National Bank tests Bitcoin, crypto reserve with historic $1M buy
2+ week, 2+ day ago (330+ words) The Czech National Bank invested $1 million to test a crypto reserve that includes Bitcoin, a stablecoin and tokenized bank deposits. The Czech National Bank (CNB), the central bank of the Czech Republic, announced on Thursday the purchase of cryptocurrencies worth $1 million for the first time to test a digital asset reserve and gain "practical experience" in handling digital assets. CNB's reserves will include Bitcoin (BTC), one US dollar-pegged stablecoin and one tokenized bank deposit, according to the announcement. The bank said that while the test is intended to study crypto and prepare the bank for international adoption to remain globally competitive, it is not planning to adopt a digital asset reserve in the "near future." CNB governor Ale" Michl said: The Bank also launched the CNB Lab Innovation Hub, an initiative to test blockchain and other financial technologies for use…...
Bitkub exchange eyes Hong Kong IPO as Thai markets slump to 5-year lows: Report
5+ day, 17+ hour ago (417+ words) With Thailand's markets in turmoil, Bitkub is shifting toward Hong Kong's thriving equity market for a $200 million IPO raise, Bloomberg reported. Bitkub, Thailand's biggest cryptocurrency exchange, is considering an initial public offering (IPO) abroad amid a downturn in the local stock market. Bitkub is planning to raise $200 million as part of a potential IPO in Hong Kong, Bloomberg reported on Monday, citing unidentified sources familiar with the matter. Founded in 2018, Bitkub trades about $66 million daily, according to CoinGecko data. The exchange had considered an IPO in Thailand, targeting a public launch in 2025, which has reportedly been stalled because of volatility and uncertainty in the Thai stock market. Thailand's equity market has emerged as one of the most volatile Asian markets in 2025 amid political disputes with Cambodia and looming trade threats. The Stock Exchange of Thailand (SET), the country's sole stock…...
Senate approves funding bill to reopen US gov’t, awaits vote in House
2+ week, 4+ day ago (398+ words) Some agencies, such as the SEC, are expected to reopen the day after a funding bill becomes law, more than 40 days after reducing their operations and staff. The US government is moving closer to reopening after more than 40 days of being shut down, following several Democratic lawmakers in the Senate siding with Republicans to pass a funding bill. On Monday, the US Senate held a late-night vote for a bill "continuing appropriations and extensions for fiscal year 2026," which passed 60 to 40 in the chamber. The bill is expected to fund the government through Jan. 31, 2026, provided it passes in the House of Representatives and is signed into law by President Donald Trump. As Tuesday is a US federal holiday, the House is not expected to reconvene to vote on the bill until Wednesday at the earliest. Prediction platform Polymarket has already adjusted…...
UAE’s ‘digital dirham’ CBDC pilot completes first transaction
2+ week, 4+ day ago (403+ words) The United Arab Emirates' central bank digital currency pilot has made its first transaction, reportedly completed in under two minutes. The United Arab Emirates has made the first transaction with its central bank digital currency in the first major update to the project since it was announced in March. The United Arab Emirates" Ministry of Finance and Dubai Finance said on Tuesday that the transaction was part of the pilot phase of the Digital Dirham project and used the government payment platform mBridge. The agencies said the transaction was a first for the UAE government and was a "step towards broader adoption of the national digital currency across both government and private sector operations." It"s the first major update on the CBDC since the UAE"s central bank said in March that it expected the digital currency would begin…...
Bitwise Chainlink ETF appears on DTCC site, tipping pending launch
2+ week, 4+ day ago (414+ words) Bitwise's spot Chainlink ETF has appeared on the Depository Trust and Clearing Corporation's registry, a sign that it could launch in the near future. Bitwise's spot Chainlink exchange-traded fund (ETF) has appeared on the Depository Trust and Clearing Corporation's registry, a usually positive sign that the fund is moving closer to launch. The Bitwise Chainlink ETF was added to the DTCC's "active" and "pre-launch" categories on Tuesday under the ticker CLNK. The listings don't guarantee that the US Securities and Exchange Commission will approve the ETF, but they have historically been a good indicator that a product is set to be greenlit. DTCC is a post-trade market infrastructure platform that clears, settles, and records transactions, serving as a central hub for markets to ensure trades in assets like stocks and ETFs are processed efficiently and securely. Bitwise is yet to…...