Bitcoin Surges to New Highs as Crypto Landscape Evolves
Bitcoin (BTC) has reached an unprecedented milestone, soaring past $125,000.this new all-time high marks a notable 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 industry, following in the footsteps of Circle, Paxos, and ripple.
A federal court in Los Angeles has ruled that Bored Ape Yacht Club NFTs are not securities. This decision offers legal clarity for Yuga Labs and the broader NFT market,easing concerns about the classification of digital collectibles.
- Robinhood CEO Vlad Tenev predicts that most major markets will adopt asset tokenization within five years.
- Sui Group Holdings plans to launch two stablecoins on the Sui blockchain: suiUSDe and USDi.
- UK authorities have seized approximately $7 billion in Bitcoin linked to a Chinese investment fraud.
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 with North Korean patterns. the stolen funds were deposited into tornado Cash.
world Liberty financial, backed by Trump, is exploring tokenized commodities like oil and gas. Though, this move has sparked accusations of corruption. The company claims its USD1 stablecoin aims to support U.S. national interests.
BNB Chain’s official X account was compromised, leading to fraudulent posts. Binance co-founder Changpeng Zhao warned users against clicking on suspicious links.
Ripple’s CTO, David Schwartz, will step back from daily operations at year-end. Robinhood is also looking into 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. The stablecoin issuer’s move strengthens its position in the crypto market.
