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BNB leads winners in top 10 cryptos; Bitcoin, Ether rise 0.8% in afternoon trading
BNB led gainers in the top 10 cryptocurrencies by market capitalization, despite Binance’s growing challenges. Bitcoin and Ether rose during afternoon trading in Asia, as market analysts are saying it could start picking up more bullish momentum above the US$26,000 mark. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 […]

What Europe’s new spot Bitcoin ETF means for global markets
Europe’s first spot Bitcoin ETF ushers in an era where traditional finance and crypto are converging, setting the stage for digital assets to become mainstays in the economy.

US legislators to discuss CBDC prevention bill on Sept. 20
The U.S. House Financial Services Committee announced last Friday that it will discuss a new bill to prevent the issuance of a CBDC.

Bitcoin, Ether flat; altcoins drop amid FTX liquidation
Bitcoin dipped on Monday morning in Asia to trade at around US$26,500. Ether also moved lower but held the US$1,600 support level.

Friend.tech a surprise hit among crypto investors at Token2049 as they urge ecosystem expansion
Funders see the novel social media network as emblematic of an abundance of opportunity in crypto and DeFi amid infrastructure gaps and increased integration with real-world assets

Crypto and Formula One’s honeymoon is over, can Web3 save a rocky marriage?
The third installment of Forkast’s ‘Crypto in Sport’ series comes from Singapore, which this week plays host to Formula One’s Singapore Grand Prix. Crypto companies poured hundreds of millions of sponsorship money into F1 at the height of the bull market, but might a prolonged crypto winter pull the plug on this marriage of convenience? Or can diversification and real world use cases help breathe new life into the relationship? Welcome to crypto’s very own drive to survive.

Half a world away — Gary Gensler’s SEC dominates discussion at Singapore’s Token 2049
Billed as Asia’s largest crypto event, Token 2049 took place over Sept. 13-14 in the Southeast Asian city-state of Singapore. Drawing over 10,000 attendees from all parts of the world, there was excitement about blockchain adoption in the region. But repeat references to one man were a reminder of the U.S. regulatory concerns weighing heavily on the crypto industry.

Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750
Bitcoin hit a weekly high of US$26,750 after Deutsche Bank announced plans to offer crypto custody services for institutional investors, days after Standard Chartered launched its own institutional crypto wing.

Who’s who in the Sam Bankman-Fried trial?
FTX’s former CEO, Sam Bankman-Fried, faces DOJ scrutiny with seven charges. Here are the six key figures in the coming crypto courtroom showdown.

Most top 10 cryptos rise; Tron, Toncoin biggest gainers
Bitcoin rises past US$26,500. All other top 10 cryptos gain, except BNB.

Investing in a Monet painting is no longer just for the super-rich, thanks to blockchain
The gates are opening for ordinary investors to buy into real-world assets like rare art and fancy real estate. But regulations and compliance hurdles remain.

Bitcoin, Ether rise; Deutsche Bank to provide crypto custody services
Bitcoin rose on Friday morning in Asia to trade above US$26,500. Ether also moved higher to over US$1,600. All other top 10 non-stablecoin tokens gained.

Binance.US CEO calls it quits amid major layoffs
Top blockchain and crypto news: Binance.US undergoes staffing shakeup. Ethereum NFTs at risk. India to take a stand on crypto.

Solana leads winners in top 10 cryptos as Bitcoin, Ether extend gains
All top 10 cryptos gained in Thursday afternoon trade in Asia, except Toncoin.

SEC fines Stoner Cats for selling unregistered securities as NFTs
NFT markets fear more enforcement action may be heading their way, while NFT offerings as securities fail to convince the SEC.

FTX gets green light to sell US$3.4 billion in crypto assets
A U.S. bankruptcy court in Delaware approved failed crypto exchange FTX’s motion to sell its crypto assets at a court hearing on Wednesday.

Bitcoin back above US$26,000 after CPI release
Bitcoin rose on Thursday morning in Asia to trade above US$26,000. Ether also rose to reclaim US$1,600. All other top 10 non-stablecoin tokens moved up.

Toncoin gains 13% on Telegram partnership; Bitcoin, Ether little changed
Toncoin led gainers in the top 10 cryptocurrencies by market capitalization, rising over 13% after the project announced its partnership with Telegram. Bitcoin and Ether were little changed during afternoon trading in Asia, but market analysts are looking at September as a period for strategic Bitcoin accumulation. See related article: Weekly Market Wrap: ETF developments […]

Astar, Polygon joins power to launch zkEVM solution for wider Web3 adoption
Japan-based Astar Network announced Wednesday that it is launching its zkEVM solution powered by Polygon’s Chain Developer Kit.

Hong Kong crypto exchange CoinEx suffers hack, at least US$43 million lost
Hong Kong-based cryptocurrency exchange CoinEx Global suffered a security breach on Tuesday, resulting in an estimated loss of US$43 million in cryptocurrencies.

Zero-knowledge technology is ready. Why isn’t it more widely used?
ZK is a complex but game-changing cryptographic technique for blockchain scalability and privacy. Here’s how the industry can make it more accessible.

Binance.US cuts one-third of workforce; CEO Brian Shroder steps down
The U.S. affiliate of the world’s largest cryptocurrency exchange Binance has laid off one-third of its staff, or more than 100 employees.

Bitcoin, Ether bounce back; altcoins recover after FTX panic
Bitcoin rose on Wednesday morning in Asia to near US$26,000. Ether also bounced back to near US$1,600. All other top 10 non-stablecoin tokens logged gains.

Bitcoin collectibles: a diamond in the rough
Bitcoin’s NFT sales dip mirrors early challenges of Ethereum; is the pioneer blockchain set for a comeback in the collectibles market?

Bitcoin, Ether continue to slide; altcoins under pressure
Bitcoin remained under US$26,000 and Ether dropped below US$1,600 in Tuesday afternoon trade in Asia.

Nepal central bank plans CBDC within two years, crypto and stablecoin still excluded, says spokesperson
It has been more than a year since Nepal’s central bank, the Nepal Rastra Bank, initiated amendments to the law to enable the issuance of the digital version of the Nepalese rupee. What is the status of its CBDC?

Standard Chartered’s crypto custody arm Zodia launches in Singapore
Zodia Custody owned by Standard Chartered, announced Tuesday that it is launching its services in Singapore for financial institutions.

Why DAOs are choking on majority rule and failing their democratic ideals
To solve DAOs’ people problems with mismanagement and bad actors, they need to lean into automation — and take more matters out of human hands.

Gaming blockchain Oasys partners Japan telco KDDI’s αU Wallet, αU Market in Web3 push
Oasys, a blockchain-based game development platform, will team up with non-fungible token (NFT) marketplace αU market and cryptocurrency wallet αU Wallet – a crypto wallet by KDDI, one of Japan’s top three telecom companies – for users to trade NFTs on the αU market. See related article: Weekly Market Wrap: ETF developments bolsters Bitcoin above […]

Bitcoin, Ether lose key support levels; altcoins slide amid FTX liquidation woes
Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level. Ether also slid to lose control of US$1,600.

Bitcoin, Ether extend losses; G20 eyes global crypto regulation
Bitcoin started the week below US$26,000 while Ether dropped to US$1,611. Toncoin and XRP lead losers in the last 24 hours.

Animoca Brands raises US$20 million to boost Mocaverse
Animoca Brands announced Monday that it has raised US$20 million to accelerate the development of Mocaverse, its flagship project.

Advice for Web3 projects: Your reputation is as important as your runway
Web3 companies often focus on building their tech above all else, but poor public communications can undermine all the work they do.

FTX sues LayerZero Labs to recover US$21 million
FTX cryptocurrency exchange has filed a lawsuit against LayerZero Labs to recover $21.37 million allegedly withdrawn from the exchange illegally.

U.S. SEC moves to appeal Ripple court decision
The U.S. Securities and Exchange Commission (SEC) submitted a filing last Friday that pushed the court of the Southern District of New York to appeal its ruling on the agency’s lawsuit against Ripple Labs.

Bitcoin starts week below US$26,000; Ether dips after hack on Vitalik Buterin’s X account; more rate hike worries on Wall Street
There was red ink across the crypto market Monday morning in Asia as Bitcoin dipped below US$26,000. Ether also fell to near the US$16,000 mark.

Korea Blockchain Week: diverging crypto paths for the US and Asia
The annual Korea Blockchain Week conference in Seoul is running from Sept. 4 to 10. Crypto industry leaders and advocates from around the world have gathered in the South Korean capital to discuss all things blockchain, including the growing regulatory gap between the U.S. and Asia.

From Fukuoka to the world? The Japanese DAO trying to shake up sports fandom
In the second installment of Forkast’s ‘Crypto in Sport’ series we head to the land of the rising sun, where J1 League football club Avispa Fukuoka have incorporated a first-of-its-kind DAO into their operations. Can the DAO provide a model for the rest of the sports world to follow? Can it change the way fans engage with their clubs?

Weekly Market Wrap: ETF developments bolsters Bitcoin above US$26,000
Bitcoin returned to US$26,000 on Friday, bolstered by Ark Invest’s Ether ETF application and Grayscale’s continued efforts for its potential Bitcoin ETF.

Ether, most top 10 cryptos rise as Bitcoin leads gains in market recovery
Bitcoin rose in afternoon trading in Asia, leading the gainers in the top 10 cryptocurrencies, fueling a wider market recovery as it returned to the US$26,000 support level. Despite the uptick, market experts warn of another potential drop to US$25,000. See related article: Weekly Market Wrap: Grayscale’s favorable court verdict, ETF hype fail to lift […]

Former FTX exec Ryan Salame to forfeit US$1.5 billion after pleading guilty to charges
Salame pleaded guilty Thursday in New York to two criminal charges related to the collapse of the FTX cryptocurrency exchange last November.

North Korean hackers stole US$41 million from gambling site: FBI
North Korea-backed Lazarus Group was behind the US$41 million hack of online crypto gambling platform Stake.com on Monday, FBI says.

U.S. CFTC charges three DeFi projects for illegal derivatives offerings
CFTC charged three U.S.-based decentralized finance protocols – Opyn, ZeroEx and Deridex – on Thursday for omitting necessary registrations .

Bitcoin ETF: The quiet 800-pound gorilla in the room is about to roar
The general public does not know this yet, but there is no longer any doubt that a Bitcoin spot ETF will come to the US market, writes Charlie McGlynn of XREX. It’s just a matter of when.

Bitcoin above US$26,000; JP Morgan working on blockchain payment system
Bitcoin rose Friday morning in Asia to above US$26,000, leading a rally across most top 10 cryptos. Ether gained but was still below US$1,650.

Coinbase and Wall Street: The merging worlds of TradFi and crypto
Top blockchain and crypto news: Coinbase steps up to fill void of crypto lenders. NFTs extend losses. What’s next for crypto as Singapore gets a new president?

Toncoin leads gains in top 10 cryptos as Bitcoin, Ether slip; Google to allow NFT gaming ads
Toncoin led gainers in the top 10 cryptos after it saw stronger investor interest since the launch of its new programming language, Tact.

No bounce for Ether after Ark Invest files for its first U.S. spot Ether ETF
Bitcoin traded flat Wednesday morning in Asia below the resistance level of US$26,000. Ether also traded flat, hovering around US$1,600.

Solana leads gains following Visa partnership news, Bitcoin little changed even as whales snap up asset
Solana led gainers in the top 10 cryptos, after the protocol announced a new partnership with payments giant Visa.

Japan’s Mizuho bank to join MUFG’s stablecoin platform
Mitsubishi UFJ Trust and Banking Corporation and Web3 developer Ginco Inc. have partnered to introduce what they call Japan’s first “crypto asset trust.”

How the metaverse can expand the mindscape for human connections
Socializing in a virtual world has been around for 20 years but remains a niche pursuit. Will AI and the new generation of digital natives make it mainstream?

Bitcoin, Ether flat; US equities drop as rate hike concerns return
Bitcoin was trading flat below US$26,000 Wednesday morning in Asia. Ether edged up but remained below the US$1,650 mark.

The End of the Beginning for NFTs
SEC charges shake NFT market as pricey assets record losses and global sales hit new lows, marking the onset of a transformative era for digital collectibles.

Bitcoin, Ether decline as Dogecoin leads gains ahead of Elon Musk’s biography
Dogecoin led the winners in the top 10, in anticipation of Tesla owner Elon Musk’s upcoming biography, which reportedly details his involvement in the memecoin’s development.

US regulation could stifle blockchain innovation, says former White House cybersecurity director
Blockchain innovation in the U.S. could suffer from over-regulation of the crypto industry, cybersecurity expert Carole house said.

South Korea’s Hana bank partners with BitGo on digital asset services
KEB Hana Bank, one of South Korea’s largest financial institutions, will offer digital asset custody services from the latter half of 2024.

Do you really trust the smart contracts in charge of your crypto?
Making sure the smart contracts behind DeFi platforms are thoroughly audited isn’t just a job for code developers — it’s also a must for ordinary investors.

Bitcoin, Ether down; Binance loses another top executive
Bitcoin edged lower on Tuesday morning in Asia to trade below US$26,000. Ether dipped to near the US$1,600 mark.

India’s G20 presidency has failed to advance global crypto governance, ex-finance secretary says
With nine months under its G20 presidency belt, India’s approach to cryptocurrency governance remains static. Amid regulatory ambiguity, the nation’s crypto industry struggles to cope with stringent tax rules.

Bitcoin, Ether remain under key levels; Sol leads gains in top 10 cryptos
Bitcoin and Ether have struggled to gain traction since the Securities and Exchange Commission (SEC) postponed its decision on seven Bitcoin ETF proposals.

Are Bitcoin and STOs birds of a feather? Think again
Bitcoin’s birth marked a radical departure from the strictures of centralized finance. Is the advent of asset tokenization undermining the original crypto’s founding ideals?

China court says virtual assets legally protected as properties
Virtual assets remain legal property protected by law in China, said a Friday report from People’s Court Daily.

Bitcoin flat below US$26,000 as rate hike woes cool down
Bitcoin edged up on Monday morning in Asia but remained below US$26,000. Ether also stayed range-bound at around US$1,650.

Real Bedford — Bitcoin, football and the bear market
In the first installment of Forkast’s ‘Crypto in Sport’ series, we visit the U.K. and the homeground of Real Bedford — the world’s first Bitcoin-funded football team. Can the team’s rock-n-roll rebrand under Bitcoin evangelist Peter McCormack propel the team up the English football pyramid? Or will the crypto winter put a freeze on its progress?

SEC delays verdict on BlackRock’s ETF application; Will Bitcoin ETFs see light of day?
After Grayscale’s legal win, the SEC decided to postpone its decision on spot Bitcoin ETF applications. Will these proposals be greenlit? And when?

Weekly Market Wrap: Grayscale’s favorable court verdict, ETF hype fail to lift Bitcoin above US$28,000
While Grayscale’s favorable verdict over the SEC could pave the way for the first spot Bitcoin ETF in the U.S., it failed to bring Bitcoin above the US$28,000 support level.

Bitcoin below US$26,000, most other top 10 cryptos extend losses
Bitcoin, Ether and other cryptos dropped on Friday afternoon in Asia. Toncoin and Tron gained.

How crypto can help Africa reap greater yields — of the agricultural kind
Assisted by blockchain and AI, small farmers can make better use of data for more bountiful harvests. But adapting to new technology isn’t always easy.

Bitcoin falls back to US$26,000, Ether nears ‘death cross,’ while investors await US jobs report for August
Bitcoin, Ether and other cryptos were down Friday morning. U.S. equities were flat as investors look towards August’s jobs report later Friday.

The rise and continuing fall of Sam Bankman-Fried: A step-by-step guide to his case so far
The 9 key pieces of information you need to know ahead of the FTX founder’s first trial on Oct. 2

Grayscale triumphs over SEC: A David v. Goliath win in the crypto arena
Top blockchain and crypto news: U.S. court compels SEC to review Grayscale’s ETF application. SEC zooms in on NFTs. Asia’s richest man eyes blockchain, CBDCs

Uniswap securities violation charges dismissed by US court
A U.S. district court on Wednesday dismissed charges against a group of five firms for alleged securities violations on the Uniswap DeFi platform.