Author: John Smith

The Bank of England won’t lift its proposed stablecoin holding limits until it’s confident a flood of bank deposits into digital assets won’t threaten lending to the real economy, Reuters reported. Summary The Bank of England will maintain proposed stablecoin holding limits until it deems risks to financial stability have subsided. The plan sets strict thresholds for individuals and corporations, with potential exemptions for major firms. The BoE and UK Treasury are also developing a resolution regime to handle potential stablecoin failures and protect market continuity. According to a Reuters report on Oct. 15, the Bank of England will keep…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto firms fuel growth through the ‘infinite money glitch,’ raising capital to buy Bitcoin and boost value. Summary Crypto firms use the “infinite money glitch” to raise capital to buy Bitcoin and altcoins, boosting valuations. Companies like MicroStrategy thrive on crypto treasuries, but its rising debt raises questions about long-term sustainability. Altcoin treasuries offer growth potential, yet stock dilution and NAV decline could limit the Infinite Money Glitch cycle. Cryptocurrency treasury companies are now plentiful. Yet their methods of…

Shiba Inu’s price has been on a strong downward trend this year, and a rare chart pattern points to more downside as whales dump and exchange balances rise. Summary Shiba Inu price has formed a descending triangle pattern on the daily chart.  Whales have started selling their SHIB coins this week. The volume of Shiba Inu tokens in exchanges has continued rising. Shiba Inu (SHIB), the biggest Ethereum meme coin, was trading at $0.00001052, down 70% from its highest level in December of last year. This plunge has erased billions of dollars in value, with its market cap falling to…

Zeta Network is using Bitcoin as the foundation for a major expansion of its treasury. The company said it leveraged SolvBTC to secure a $231 million investment dedicated to scaling its financial resources. Summary Zeta Network secured a $231 million Bitcoin-backed investment through a private placement using SolvBTC, a yield-generating wrapped Bitcoin token. The deal involves Class A shares and one-for-one warrants sold at $1.70 per unit, with each warrant exercisable at $2.55. The company said the move strengthens its balance sheet and underscores its long-term confidence in Bitcoin’s fundamentals. According to a press release dated Oct. 15, Zeta Network…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cardano shows renewed strength while XYZVerse makes waves with a $5.5 million crypto-powered CS2 tournament, merging esports, blockchain, and meme culture. Summary XYZVerse launches the first crypto-funded Counter-Strike 2 league with a $5.5m prize pool in XYZ tokens and cash. The presale has raised over $15m, nearing completion with a projected 1,300% upside by listing. By fusing gaming, blockchain, and community rewards, XYZVerse aims to evolve memecoins beyond hype. Cardano sees new growth after a sharp drop, drawing attention…

Cryptocurrency exchange OKX is among the first to take action against funds tied to the Huione Group, after it was designated a primary money laundering concern by U.S. authorities, effectively cutting it off from the American financial system. Summary OKX will implement strict anti-money laundering measures against transactions linked to Huione Group, including asset freezes and termination of services. FinCEN designated Huione Group as a primary money laundering concern under Section 311 of the USA PATRIOT Act. “Huione Group has caused significant damage to the cryptocurrency sector… We remain committed to providing our clients with a secure and reliable trading…

Sei price is under pressure as traders brace for a $12 million token unlock that could shake short-term sentiment but also set the stage for a rebound.  Summary Sei price is down 20% weekly as a $12M token unlock nears on Oct. 15 Yei Finance’s surge and Giga Upgrade offer bullish catalysts Price holds near $0.22, with key support at $0.20 and resistance at $0.27 As traders await the network’s upcoming token unlock event, Sei is currently trading at $0.2243, down 0.3% over the last day. The token has fallen 20% in the last week and 33% over the past…

Volatility Shares has made a new regulatory filing that could reshape how traders gain exposure to major cryptocurrencies like Bitcoin, Ethereum, and Solana. Summary Volatility Shares filed for 5x leveraged ETFs on BTC, ETH, and SOL. The SEC has yet to clear 3x products, making approval uncertain. Funds could debut in early 2026 if filings are accepted. Volatility Shares has applied to launch 5x leveraged exchange-traded funds for Bitcoin, Ethereum, and Solana, in what could become the most aggressive crypto fund filing yet On Oct. 14, Volatility Shares filed documents with the U.S. Securities and Exchange Commission to introduce a…

U.S. federal agents have seized a historic $15 billion in Bitcoin, allegedly the proceeds of a Cambodian criminal network that forced trafficked individuals to run sophisticated cryptocurrency “pig butchering” scams on a global scale. Summary U.S. authorities seized $15b in Bitcoin from unhosted wallets tied to Prince Group founder Chen Zhi, marking the DOJ’s largest forfeiture in history. Prosecutors allege Zhi ran forced-labor compounds in Cambodia where trafficked workers executed global “pig butchering” crypto scams. The indictment details how Prince Group used its multinational business network to launder funds through complex crypto techniques and luxury purchases, including a Picasso painting.…

Stripe will now enable subscription payments in USDC through the Base and Polygon blockchains. Summary Stripe enabled subscription payments in USDC on Base and Polygon blockchains. The platform will use a smart contract that enables recurring payments from crypto wallets Some of the biggest U.S. companies on Stripe get most of their revenue from abroad Stablecoins are one step closer to mainstream payments. On Tuesday, October 14, Stripe announced the launch of subscription billing in USDC, starting with Base and Polygon. The new offering will serve the 30% of Stripe merchants who operate on recurring revenue models. The feature will…