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Blockchain Report
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All the necessary news about blockchain and crypto market
Stablecoin dominance intensifies: only USDT & USDC now exceed $10B market cap. ARK Invest's Lorenzo Valente notes a strong network effect, with competition now focused on the top tiers. While stablecoins over $1B grew from single digits to ~12, growth has slowed. The number of stablecoins > $10B has dropped from 4 in 2022 to just 2 (USDT & USDC). Valente believes reaching $10B is harder now, and expects Tether & Circle to dominate >$100B long-term. He predicts a single entity could reach >$500B market cap within 2 years. This highlights consolidation, with USDT & USDC showing strong market power & resilience. #stablecoins #USDT #USDC #crypto
Uniswap Labs launches "StablePair Hook" for v4 to boost stablecoin trading. This module replaces fixed fees with a dynamic rate mechanism, designed to capture more value from arbitrage and trading, increasing LP returns. It uses a Dutch auction system: transaction fees decrease with each block for trades moving stablecoin prices away from their peg. This helps retain more arbitrage premium in the liquidity pool for market makers. Initial pools for USDC/USDG and USDC/USDT are live on Ethereum mainnet. #Uniswap #Stablecoins #DeFi #Crypto
Aave founder Stani Kulechov proposed to UK's HMRC to include stablecoins in Individual Savings Accounts (ISAs). This would allow ISA users to benefit from tax-exempt savings for lending stablecoins and earning yield on DeFi/custodial platforms. Proposal aims to optimize tax treatment for crypto-asset collateralized lending and stablecoins. #crypto #blockchain #news
Kalshi approved by CFTC to list gold & silver perpetual contracts! 🥇🥈 First non-crypto perpetuals authorized by CFTC. Previously approved for crypto perpetuals with $44B volume. Expands derivatives offerings. #Kalshi #CFTC #Gold #Silver #Derivatives
Nasdaq & Stuttgart Stock Exchange, along with Adan, CCI, & European Ethereum Association, are urging the EU to scrap or significantly raise the €100B cap on its tokenization pilot program. They've sent a joint letter to the European Council & Parliament, proposing removal of the cap or a boost to €1.5T. The coalition argues the €100B increase from €6B wasn't enough due to insufficient participation, and it still can't meet the demand from the booming global market for tokenized assets. They point out some European projects are already at €350B and growing. This highlights tokenization's momentum and the need for supportive regulations. #crypto #blockchain #news
Polymarket appoints Warren Jenson, former Amazon & Nielsen exec, as its first CFO. Jenson brings 30+ yrs financial expertise from companies like EA, Delta, NBC. He also served as President of LiveRamp & President/CFO of Nielsen. This strategic hire bolsters capital strategy as Polymarket seeks institutional funding amidst rising competition. Jenson's board experience at Ripple, DigitalOcean, & Dropbox highlights his tech landscape understanding, crucial for Polymarket's growth & institutional engagement. #crypto #blockchain #news
Bybit secures Austrian EMI license, plans European "Super App" for crypto, banking, derivatives, and tokenized stocks. Aims for MiFID II licenses within 2 months. #crypto #blockchain #news
Blockstream CEO Adam Back announced that the Liquid Network is set to resume operations, assuring users that the 1:1 peg between LBTC and BTC will be fully honored. This comes after a recent security incident involving an inflation vulnerability in the underlying Elements software, which led to approximately 4,000 BTC being withdrawn from the federation's multisig vault and a temporary network halt. Back urged users to avoid panic selling on the over-the-counter (OTC) market, emphasizing the guaranteed 1:1 peg. He also noted that SideSwap founder Pablo Schinke Greco and his team are working on system upgrades, with cross-chain deposit and withdrawal channels expected to be restored progressively. Approximately 85% of the withdrawn BTC, totaling 3,400 BTC, has since been returned by individuals identifying as "white hat" hackers. #crypto #blockchain #news #BTC #Bitcoin
Castle Labs reports that Fomo, a social trading application, has emerged as the largest trading terminal in the crypto market, capturing approximately 40% of the sector's market share. Over the past week, Fomo has recorded an average daily trading volume (ADV) of around $350 million. #crypto #blockchain #news
Coinbase partners with Moov to bring stablecoin services to 1,000+ community banks & credit unions. Leveraging Coinbase's stablecoin infra, custody wallets & Payments API, Moov will offer stablecoin payment acceptance, settlement, and real-time fund support. This enables banks/CUs to facilitate consumer payments, merchant collections/settlements, and fund disbursements without building their own crypto tech. A big step for stablecoin adoption in traditional finance. #Coinbase #Moov #Stablecoins #Fintech #Banking #Nostr
BitGo enables institutional self-custody hot wallet integration with Hyperliquid for perpetual futures trading. Eligible institutional clients can now directly connect their existing BitGo self-custody hot wallets to the decentralized derivatives trading platform Hyperliquid via WalletConnect. This integration eliminates the need for new wallet setups or per-order signature approvals and gas fee payments. While retaining BitGo's established deposit/withdrawal risk control approval processes, the mechanism significantly enhances trading efficiency for institutional users in managing on-chain holdings and executing orders. #crypto #blockchain #news
Crypto & Tech Stocks Slip Sept 10: Market downturn today saw pressure on AI & crypto. AAOI -5.49%, NVDA -2.14%, AVGO -1.85%, TSM -1.81%, SNDK -1.47%. MRVL +1.73%, AMD +0.72%. Crypto equities also hit: MSTR -9.37%, CRCL -8.92%, COIN -7.19%. #cryptocurrency #techstocks #marketnews #AAOI #NVDA #AVGO #TSM #MRVL #AMD #SNDK #MSTR #CRCL #COIN
SEC proposes new crypto regulation framework, potentially implemented H1 2027. Public comment closes Oct 20. Key points: - Tier 1 ($20M cap) & Tier 2 ($75M cap) projects can raise capital on a 12-month rolling basis. - Non-accredited investors can participate (max 10% of net worth/income). - Investors can exit, capped at 30% of funds raised per round. - No max duration for "Startup" & "Fundraising" exemptions. - No 20% single-party token equity cap at exit. - Clarity Act takes precedence in case of conflict. Analysis suggests compliant ICOs possible, but with new speculative risks. Mainland Chinese startups excluded; overseas Chinese must follow local laws. Full analysis details available elsewhere. #crypto #regulation #SEC #ICO
Grok AI now integrates with Coinbase for Agents! 🚀 Connect your Coinbase accounts & use AI to manage crypto portfolios, check balances, analyze markets, and execute trades. Supports spot crypto, US futures & stocks via Coinbase Advanced Trade. Set limits for enhanced security & control. #AI #Crypto #Trading #Coinbase #Grok
Matter Labs, the development team behind ZKsync, has made a significant move in the institutional crypto space by open-sourcing the core code of Prividium, its privacy blockchain platform designed for financial institutions. This move allows financial entities to deploy their own permissioned privacy chains without needing to enter into commercial agreements for the core engine, which manages roles and access control on the ledger. While the foundational code is now open, components such as the management console, user permission configuration tools, and enterprise connectors for core banking systems will remain available as paid commercial services. Notably, the German central bank has already completed a self-hosted deployment of Prividium within its internal infrastructure, and is currently collaborating with Matter Labs on system architecture and scenario testing. #crypto #blockchain #news
Osmosis Protocol proposes to seize 22.65 BTC from a hacker's frozen address. The Osmosis Community Pool will cover a 17.19 BTC shortfall to guarantee Alloyed BTC redemptions. The issue stemmed from a Nomic Chain bridge vulnerability allowing 39.84 BTC in forged credentials into Osmosis. #crypto #blockchain #news #BTC #Bitcoin
Bitget has officially integrated Nasdaq's real-time market data feeds, enhancing its US stock product offering. This direct connection to Nasdaq's official data source is designed to provide traders with increased precision, reduced latency, and improved price continuity and stability, particularly during periods of high market volatility. Bitget has also implemented a robust risk control framework that includes data processing, real-time monitoring, quality comparison, simulation verification, and abnormal data filtering, all built upon official metadata. #crypto #blockchain #news
Bitcoin consolidates below $83k-$86k resistance after a 23% surge. This zone is fortified by multiple indicators. Long-term holders ($1.07M BTC) show no movement. Short liquidations ($82k-$86k) are increasing, and US spot ETF cost basis is near $86k. Selling pressure is low (seller risk ratio at 7 bps), and long-term holder profit realization has dropped (47%). Altcoin market share is stable. Sustained trading above $86k, with low seller risk, would confirm resistance breakout. A seller risk spike (>16 bps) or breach of $62k-$65k support would invalidate bullish outlook. #Bitcoin #Crypto #Nostr
Nasdaq's venture capital arm has invested $100 million in Payward Inc., the parent company of cryptocurrency exchange Kraken, valuing the firm at $21 billion. This strategic investment deepens a partnership established in March, aimed at developing the financial infrastructure for trading and settling tokenized equities. The collaboration seeks to accelerate the creation of a robust system for digital asset transactions within traditional financial markets. #crypto #blockchain #news
Indian agri-storage giant Arya.ag partners with Avalanche for $2B grain collateralization on-chain. They're building a dedicated Layer-1 blockchain on Avalanche to tokenize grain inventory warehouse receipts and associated collateralization loan statuses. This will streamline verification for agricultural credit collateral assets for commercial banks. Arya.ag currently manages ~$2B in agri-produce and facilitates ~$1.3B in agri-credit annually. Three major commercial banks are already integrated, with plans to expand to other warehousing enterprises. A big step for agri-finance efficiency via blockchain! #crypto #blockchain #news