Category Archives: Cryptocurrency Market News

Standard Chartered Says Bitcoin Bottomed Near $59,000 As Crypto Winter Ends

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TL;DR Standard Chartered’s Geoffrey Kendrick reportedly says Bitcoin’s $59,000 area marked the cycle bottom. The note cites SpaceX IPO-related capital rotation and easing oil-price pressure as key catalysts. Kendrick reportedly maintains a $100,000 year-end Bitcoin target and a $4,000 Ethereum target. Standard Chartered Calls Bitcoin’s $59,000 Low The Cycle Bottom Standard Chartered analyst Geoffrey Kendrick… Continue reading Standard Chartered Says Bitcoin Bottomed Near $59,000 As Crypto Winter Ends→

Coinbase Council Warns 7 Million Bitcoin May Face Future Quantum Risk

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TL;DR Coinbase’s Quantum Advisory Council says post-quantum migration planning should begin before quantum attacks become practical. The report estimates about 7 million BTC are quantum-vulnerable because public keys are exposed through legacy formats or address reuse. About 1.7 million BTC are said to sit in legacy Pay-to-Public-Key addresses, including early mined and potentially abandoned coins.… Continue reading Coinbase Council Warns 7 Million Bitcoin May Face Future Quantum Risk→

Kraken Adds USDCx Support On Canton As Institutional Stablecoin Rails Expand

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TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stablecoin backed 1:1 by USDC locked in Circle’s xReserve on Ethereum. Canton is a permissioned, privacy-enabled Layer-1 network built for regulated financial institutions and tokenized real-world assets. The move adds another exchange connection to institutional… Continue reading Kraken Adds USDCx Support On Canton As Institutional Stablecoin Rails Expand→

Sky Governance Proposal Seeks To Double USDC PSM Buffer To $800 Million

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TL;DR BA Labs has proposed doubling key LITE-PSM-USDC-A parameters in the Sky stablecoin system from 400 million to 800 million. The proposal says USDC reserves stand at 4.13 billion, up 108% since the last recalibration in October 2024. The change would raise daily refresh capacity to 1.6 billion and total serving capacity to 2.4 billion,… Continue reading Sky Governance Proposal Seeks To Double USDC PSM Buffer To $800 Million→

Aave Proposal Moves To Add Circle Wrapped Bitcoin As Collateral

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TL;DR Aave Labs has proposed onboarding Circle Wrapped Bitcoin, or cirBTC, to Aave V3 Core and Aave V4 Core on Ethereum. The proposal says cirBTC is an ERC-20 token backed 1:1 by Bitcoin custodied at a regulated Circle entity. The move is still at the ARFC stage, meaning it needs community feedback, a Snapshot vote… Continue reading Aave Proposal Moves To Add Circle Wrapped Bitcoin As Collateral→

Fireblocks Says Institutional ETH Staking Is Moving Toward Standardized Rails

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TL;DR Fireblocks says it has launched ETH Staking Link, a standardized interface for institutional Ethereum staking integrations. The company says more than 36 million ETH, roughly 30% of circulating supply, is now staked across Ethereum. Fireblocks says Ethereum staking on its platform has more than doubled over the last six months. The update also highlights… Continue reading Fireblocks Says Institutional ETH Staking Is Moving Toward Standardized Rails→

Crypto Laundering Network Linked To Ransomware Gangs Dismantled By Law Enforcement

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TL;DR Chainalysis says law enforcement has dismantled AudiA6, a crypto laundering network linked to ransomware and darknet activity. The firm says the network processed about 10,333 BTC since 2021, historically valued at roughly $389 million. Authorities arrested two suspected senior administrators in Georgia, while the U.S. is seeking extradition. The case highlights how illicit crypto… Continue reading Crypto Laundering Network Linked To Ransomware Gangs Dismantled By Law Enforcement→

Kraken Becomes Official Crypto Exchange Supporter Of FIFA World Cup 2026

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TL;DR Kraken says it has become the Official Crypto Exchange Supporter of the FIFA World Cup 2026. The tournament expands to 48 teams and 104 matches across 16 host cities in Canada, Mexico, and the United States. Kraken says the partnership is designed to drive crypto adoption, education, and brand awareness among global football fans.… Continue reading Kraken Becomes Official Crypto Exchange Supporter Of FIFA World Cup 2026→

Crypto Volume Drops To 2-Year Low—Is A Relief Rally Next?

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On-chain data shows trading volume in the crypto sector has slumped to the lowest level in two years, a sign that investors have turned their attention away from the market. Crypto Trading Volume Has Seen A Notable Decline In a new trading volume of crypto assets. The “trading volume” here refers to an indicator that… Continue reading Crypto Volume Drops To 2-Year Low—Is A Relief Rally Next?→

Cardano’s Oldest Holders Are Moving Again — Here’s What The Data Shows

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About 16 million ADA left exchanges for self-custody wallets in a single 24-hour window, according to Coinglass spot flow data — a shift that points to quiet Cardano accumulation while prices remain under pressure. Cardano: Big Move Off Exchanges Coinglass data shows that Cardano spot inflows over that period came in at $30 million, while… Continue reading Cardano’s Oldest Holders Are Moving Again — Here’s What The Data Shows→