Bitcoin Surges to New Highs as Crypto Landscape Evolves
Bitcoin (BTC) has reached an unprecedented milestone, soaring to $125,500. This new all-time high (ATH) marks a meaningful leap from its previous record of $124,480 in mid-August. the surge reflects growing market confidence and institutional interest in cryptocurrencies.
Meanwhile,Coinbase,a leading crypto exchange,has filed for a national trust charter with the Office of the Comptroller of Currency. This move aims to bring federal banking oversight to the crypto sector, following in the footsteps of circle, Paxos, and Ripple.
A federal court in Los Angeles ruled that Bored Ape Yacht Club NFTs are not securities. This decision offers legal clarity for Yuga Labs and the broader NFT market, boosting confidence in digital collectibles.
Robinhood CEO Vlad Tenev predicts a rapid expansion of asset tokenization within five years. Speaking at Singapore’s Token2049 conference, Tenev likened tokenization to an unstoppable force that will reshape the financial system.
Sui Group Holdings plans to launch two stablecoins on the Sui blockchain: suiUSDe and USDi. This move aims to enhance the stability and utility of digital assets.
the UK government has seized approximately $7 billion in Bitcoin linked to a Chinese investment fraud. This is one of the largest crypto seizures in history, following the conviction of Zhimin Qian.
Ethereum’s Fusaka upgrade has successfully completed testing on the Holesky network. This upgrade introduces PeerDAS, which allows validators to verify partial data, reducing costs for layer-2 networks.
SBI Crypto, a Japanese financial firm, lost $21 million due to a hack. The exploit, which resembles North Korean hacking patterns, saw various cryptocurrencies looted and deposited into Tornado Cash.
world Liberty Financial,backed by Trump,is exploring tokenized commodities like oil and gas.CEO Zack witkoff discussed these plans at Token2049, despite political criticism.
the BNB Chain X account was compromised, leading to fraudulent posts.Binance co-founder Changpeng Zhao warned users against clicking on suspicious links.
Ripple CTO David Schwartz is stepping back from daily operations after 13 years. Robinhood is also exploring international prediction markets, engaging with regulators like the UK’s Financial Conduct Authority.
Tether has expanded its Bitcoin reserves by $1 billion, bringing total holdings to $9.7 billion. This move underscores the stablecoin issuer’s commitment to maintaining robust reserves.