Crypto News

- Stablecoin Issuer Tether Seeks Half-Trillion Valuation In Ambitious Capital Raise Tether Holdings is in talks with investors to raise as much as $20b, a deal that could value the stablecoin issuer near $500b and place it among the world’s most valuable private companies. The firm is seeking between $15b and $20b through a private placement for about a 3% stake, Bloomberg reported Tuesday. The transaction would reportedly involve new equity, not secondary sales by existing backers. Cantor Fitzgerald is acting as lead adviser on the process. A valuation near half a trillion dollars would place Tether alongside companies such as OpenAI and SpaceX, an extraordinary mark for a lightly regulated crypto business, even as rivals expand...

- Crypto Giant Tether Seeks Funding at $500 Billion Valuation Tether Holdings SA, issuer of the world’s largest stablecoin, is in talks with investors to raise as much as $20 billion, a deal that could propel the crypto firm into the highest ranks of the world’s most valuable private companies. The El Salvador-based company is seeking between $15 billion and $20 billion in exchange for a roughly 3% stake through a private placement, according to people familiar with the matter. Another person involved in the process cautioned that those are top-end targets and eventual numbers could be significantly lower. Talks are in early stages and details of the proposed investment may change. Depending on the stake offered, the deal could...

- Where Will XRP Be in 5 Years? Key Points XRP (CRYPTO: XRP) has rocketed to the upper valuation echelons of the cryptocurrency world. With a market capitalization of roughly $178 billion, it ranks as the third-largest cryptocurrency by valuation -- trailing behind only Bitcoin and Ethereum. The cryptocurrency has seen big gains in conjunction with the apparent evaporation of legal and regulatory risk factors, other favorable political developments, and adoption of the token as part of exchange-traded funds (ETFs) and cryptocurrency treasury strategies. If you're wondering what's next for XRP, you're in good company. A half-decade later... XRP's network offers infrastructure and services for cross-border payments that could help...

- Veteran trader takes on billionaire in ASTER vs. HYPE showdown A 69-year-old man, Richard E. Ptardio, has called billionaire Arthur Hayes's recent sell-off 'a pity'. Hayes, former CEO of cryptocurrency exchange BitMEX and a hedge fund manager, sold 96.6K HYPE (Hyperliquid's token)– worth $5.1 million, on Sept. 21. Only three weeks earlier Hayes predicted HYPE could pump up to 126x by 2028. Now, Ptardio has made a video directed towards Hayes, saying, "Mr. Hayes, old chap, I hear you've sold off your hype cryptocurrency tokens. A pity. You know, regret is the only asset that compounds forever, and I dare say you'll soon be overexposed." Ptardio, who has served 35 years on trading desks in London, Hong Kong, and New York, entered...

- Many things are possible in the world of cryptocurrencies. You can tokenize non-digital assets and put them on the blockchain. A dog-based memecoin that started as a joke just got its own ETF. And certain noncrypto companies can turn their fortunes around just by adding Bitcoin (CRYPTO: BTC) to their balance sheets. Strategy's Role in the Bitcoin Ecosystem Strategy (NASDAQ: MSTR), formerly MicroStrategy, pioneered the idea of Bitcoin corporate treasury companies. It still operates as a software company, but Strategy is now the largest corporate holder of Bitcoin in the world. Chairman Michael Saylor's decision to go all in on Bitcoin back in 2020 means it is cryptocurrency, not software, that drives the company's fortunes. Crypto...

- A swarm of autonomous robots could offer a new way to bring trustworthy real-world data onto blockchains—without relying on centralized sources. The idea, detailed in a new preprint study titled Swarm Oracle: Trustless Blockchain Agreements through Robot Swarms, builds on earlier peer-reviewed research where researchers demonstrated that mobile robots could reach reliable consensus, even in times of disruption, cyberattack, or in hostile environments. The new study applies that approach to a persistent problem in blockchain design: how to get verified real-world data into smart contracts without introducing new points of trust. A blockchain oracle is a service that securely supplies external, real-world data to blockchain smart...

- Brazil’s central bank (BCB) has proposed new rules for the forex sector that may place further restrictions on the country’s crypto exchanges. The Brazilian media outlet Livecoins reported that the BCB has released a public consultation paper calling for feedback on its proposals. Forex Rules: Crypto Exchanges to Feel Effect? These proposals focus mainly on Forex platforms, known as eFX in Brazil (short for electronic foreign exchange). In fact, the bank did not make any direct reference to crypto exchanges in its proposals, nor to crypto transactions. But, in their current form, the rules would impact crypto exchange platforms that allow their customers to make international transfers or sell coins for fiats other than the...

- Crypto industry on the verge of ‘over 100 crypto ETF’ swarm, says expert Brace yourself, for Wall Street is about to get flooded with crypto exchange-traded funds. “We’re going to get well over a hundred ETFs probably that are going to be involved in the crypto space in the next six to 12 months,” James Seyffart, ETF analyst at Bloomberg Intelligence, said on a podcast Wednesday. The catalyst: new Securities and Exchange Commission rules that lets crypto ETFs launch in 75 days instead of their current 240-day slog through the regulatory mud. Any fund that meets basic criteria, like having a futures contract on a regulated US exchange, gets approval. The new rules went into effect on September 17. Now, even memecoins such as...

- SEC Chair Paul Atkins Denies CFTC Merger: “We’re Working Hand In Glove” United States Securities and Exchange Commission (SEC) head Paul Atkins denied speculation that the Commodity Futures Trading Commission (CFTC) would be merging with the SEC in a recent appearance on Mornings with Maria. SEC Chair Paul Atkins Says He Has His “Hands Full” According to the September 23 X post published on the official Mornings with Maria account, Atkins pushed back on the idea that the two agencies would merge, saying that he has his “hands full right now.” “We’re working hand in glove with the CFTC right now, so compartmentalization is what I really envision,” Atkins said. “People have been discussing these issues for a long time, and we’re at...

- The crypto market, including Bitcoin, is today still dealing with the effects of yesterday’s massive liquidation cascade, though the bleeding has slowed. The total cryptocurrency market capitalization sits at $3.9 trillion, down a slight 0.6% over the past 24 hours. Not bad considering yesterday was the year's largest liquidation event with over $1.7 billion in leveraged long positions being forcibly closed. Much like yesterday, though, the tradfi market is faring much better: The S&P 500 is coming off yet another all-time high, showing risk appetite remains alive in equities despite the weakness in crypto markets. Meanwhile, gold reached a new all-time high of $3,790 today as investors hedge against mounting geopolitical tensions...

- Is the grass greener on the other side? We’re not sure, but the sky is most certainly bluer. It’s been over two years since Elon Musk purchased Twitter, now X, leading people to set up shop on alternative platforms. Mastodon, Post, Pebble (two of which have already shuttered operations) and Spill have been presented as potential replacements, but few aside from Meta’s Threads have achieved the speed of growth Bluesky has reached. As of February 2025, Bluesky has surpassed 30 million users. Its growth stems from several policy changes at X, including a heavily criticized change to the block feature and allowing third party companies to train their AI on users’ posts, which helped the app soar to the top of the U.S. App Store. Bluesky...

- U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has called on lawmakers to accelerate efforts to pass a comprehensive crypto market structure bill, while the White House expects it to be passed in 2025. Speaking in an interview with Fox Business, Atkins said the agency is working closely with both the House and Senate to provide technical support on securities law and address existing gaps in oversight. Atkins Urges SEC-CFTC Alignment as Lawmakers Push Market Structure Bill “We want to see this get over the finish line,” Atkins said, referencing recent progress in Congress. He pointed to the passage of the GENIUS Act earlier this year, which gave statutory recognition to stablecoins, as evidence of growing...

- Billionaire says gold is ‘great’ only if ‘no one digs more’ of it As gold reached a new all-time high on Sept. 23, Binance founder and crypto billionaire Changpeng "CZ" Zhao mocked it, claiming its utility is limited by physical constraints. Gold is not 'great' news On September 22, gold prices went above $3,783 per ounce, breaking the previous inflation-adjusted high of $3,783 per ounce from January 1980. More news: Henry Allen, a strategist at Deutsche Bank, says that the rise is more than just demand; it's also a sign of investor worry. "Whilst gold prices have many drivers, one is the perception that it operates as a haven that investors buy in times of fear," Allen told Fortune. He said that the current rally is...

- FTX Recovery Trust Sues Bitcoin Miner Genesis Digital Assets for $1.15 Billion The FTX Recovery Trust is suing Bitcoin mining company Genesis Digital Assets and its co-founders in an attempt to retrieve $1.15 billion it claims was mismanaged by disgraced ex-FTX CEO Sam Bankman-Fried. In a lawsuit filed Monday, the collapsed crypto exchange's new management said that Bankman-Fried bought shares of the Bitcoin miner with commingled customer funds at "outrageously inflated prices." The FTX exchange collapsed in November 2022 due to Bankman-Fried's criminal mismanagement of the company. It is now being led by a restructuring team to recover money for former customers. "Genesis Digital Assets stands as one of Bankman-Fried's most...

- Litecoin founder says fair launches are dead: Charlie Lee Litecoin founder Charlie Lee says the conditions that allowed his coin to thrive more than a decade ago no longer exist, and that a fair launch like Litecoin’s would “fail” if attempted today. Speaking with TheStreet Roundtable host Scott Melker, Lee recalled how Litecoin began in 2011 as an experiment in fairness, with no premine and no allocation set aside for founders. The approach was designed to avoid enriching insiders — a stark contrast to how new crypto projects launch today. “One of the key features of Litecoin is the fair launch. I wanted to make something that was not pre-mined, did not have coins created for the founders to enrich the founder,” Lee said...

- Morgan Stanley is joining with crypto and stablecoin infrastructure firm Zerohash to enable customers of the Wall Street giant's E*Trade online brokerage platform to trade Bitcoin, Ethereum, and Solana, the company confirmed to Decrypt on Tuesday. New York-based Morgan Stanley may expand to other digital assets and is planning to offer wallet services. The bank referred Decrypt to an article by Bloomberg, which first reported the news. Crypto trading services are expected to begin in the first half of 2026, according to the report. “The underlying technology has been proven and blockchain-based infrastructure is obviously here to stay,” Jed Finn, Morgan Stanley’s head of wealth management, told Bloomberg. "Clients should have...

- Tether Holdings SA, the parent company behind the world’s largest stablecoin, is talking to investors to raise between $15 billion and $20 billion in exchange for approximately 3% of the company, according to a Bloomberg report on Tuesday. If successful, the deal would value the El Salvador-based crypto firm at roughly $500 billion at the upper end of the range, placing it among the world’s most valuable private companies. The transaction would involve issuing new equity rather than existing shareholders selling their stakes, the report added. Cantor Fitzgerald is reportedly serving as the lead adviser on the potential deal. The figures are said to represent maximum targets, and the final investment amount could be considerably...

- Exclusive: SEC Commissioner Peirce says new crypto ETP rules aim to cut ‘chaos’ SEC Commissioner Hester Peirce said the regulator’s new generic listing standards for crypto exchange-traded products (ETPs) were introduced to remove uncertainty that plagued earlier Bitcoin approvals. “Last week we put out generic listing standards and that really was an answer to the sort of chaos that had surrounded our approval of Bitcoin exchange traded products,” Peirce told TheStreet Roundtable. She recalled how the SEC repeatedly rejected Bitcoin ETF applications until a court ruling forced the agency to shift course. Even after approvals, Peirce said, conditions imposed on issuers were “pretty constraining.” Beyond Bitcoin and Ether...

- What the $1.25 Billion Bitcoin Futures Flush Means for Markets There’s been a drawdown in Bitcoin futures contracts over the past couple of days, with $1.25 billion worth of open interest leaving the past day—and analysts say that’s good for the BTC derivatives market. The open interest in Bitcoin futures contracts has sunk to $80.8 billion from $85 billion as of Tuesday afternoon after steadily falling each day since last Thursday, according to crypto data aggregator Coinglass. “The flush has reduced open interest and is more likely a healthy reset than a bearish warning at this stage, as it purged excessive leverage, stabilized speculative positioning, while maintaining key support at $112K for BTC,” Jean-David Péquignot, chief...

- The state of Bitcoin venture capital and BTC’s collision with Wall Street w/ Eric Yates The traditional financial system is about to collide with Bitcoin in ways most people haven’t yet imagined. Eric Yates, the founder of Bitcoin venture capital firm Epoch and a former private equity restructuring specialist, recently joined the Gwart Show to discuss his comprehensive vision for how banks will integrate Bitcoin, why stablecoins might actually accelerate Bitcoin adoption, and what the future holds for the world’s first politically neutral monetary system. Below is an edited transcript of the conversation. Could you introduce yourself and give us some background? Eric: My background is in finance, specifically corporate...