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…...

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…...

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…...

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…...

1+ week, 6+ day ago (415+ words) Bitcoin's latest tumble pushed it below the $93,507 price it entered the year at, despite the year mostly seeing positive industry developments from corporations and governments. Bitcoin briefly lost all of its gains this year after the crypto markets bled over the weekend, despite the US government reopening on Thursday, which was expected to provide much-needed relief to the markets. Bitcoin (BTC) fell to a low of $93,029 on Sunday, down 25% from its all-time high in October. It started the year at $93,507. It has since rebounded to around $94,209, CoinGecko data shows. This year was tipped to be a strong one for the crypto markets after US President Donald Trump was inaugurated on Jan. 20 and formed the most pro-crypto administration to date, which has followed through on most of his promises. Regulatory momentum under the Trump administration has been accompanied by an explosion…...

1+ week, 5+ day ago (411+ words) Cody Carbone, CEO of The Digital Chamber, said in a statement that through collaboration with nonprofit Future Caucus, the initiative hopes to develop leaders ready to introduce and support crypto legislation. Crypto advocacy group The Digital Chamber has launched a new initiative to drive digital asset policies at the state level across the US and educate lawmakers in the lead-up to the 2026 midterm elections." Called the State Network, the initiative is aimed at establishing a collaborative ecosystem connecting policymakers, regulators and people in the industry who want to advance blockchain adoption across the US, The Digital Chamber announced on Monday." At the same time, through a partnership with the nonprofit Future Caucus, the State Network aims to educate lawmakers in target states and ensure they have the expertise to help construct crypto policies." Cody Carbone, the CEO of The Digital…...

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…...

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…...

2+ week, 3+ day ago (466+ words) Japan's first yen stablecoin issuer JPYC says growing demand could make stablecoin reserves a new force in the country's bond market. Japan's first domestic stablecoin issuer says digital asset companies could soon become significant players in the country's sovereign debt market, potentially reshaping monetary policy. JPYC, the Tokyo-based firm behind Japan's first yen-pegged stablecoin, said issuers may evolve into major buyers of Japanese government bonds (JGBs) as their reserves expand. In comments reported by Reuters, JPYC founder and CEO Noritaka Okabe said stablecoin reserves could fill the gap left by the Bank of Japan (BOJ) as it slows its bond purchases. The Tokyo-based startup started issuing its yen-backed token, also dubbed "JPYC," on Oct. 27, under the country's revised Payment Services Act " its first legal framework for stablecoins. The company has issued approximately $930,000 worth of tokens to date and aims to…...

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…...