In brief Revolut is actively exploring creating its own stablecoin, sources told Decrypt. The neobank serves 55 million retail customers and 500,000 business customers across 160 countries. A stream of other major companies have been exploring stablecoins, as crypto-friendly legislation makes its way through Congress in the United States. Revolut, one of the biggest neobanks … Read more
Key takeaways: Short-term Bitcoin holders sold 15,000 BTC at a loss throughout the week. Onchain data suggests a Bitcoin price bottom in the $97,000–$94,000 zone. Bitcoin (BTC) is experiencing a relatively subdued week, as armed conflict between Israel and Iran and uncertainty ahead of the FOMC led investors and traders to stay sidelined. Despite the … Read more
Despite the ongoing volatility in global markets, Bitcoin (BTC) has shown high resilience – and even formed a potential bullish pennant on its weekly chart. The creation of this pattern has coincided with the US Senate giving the official green light to the GENIUS stablecoin bill – marking a historic leap forward for crypto regulation, … Read more
The Nigerian securities regulator has issued a warning against Zugacoin and Samzuga GPT, labeling them as unauthorized crypto operations. Memecoins Tied to Pump-and-Dump Schemes The Nigerian Securities and Exchange Commission (SEC) has issued a public warning, labeling Zugacoin and Samzuga GPT as unauthorized crypto operations. The commission stated that the promoters and issuers of these … Read more
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. We’re seemingly coming down to the wire for SEC approval of spot Solana ETFs, with the original seven prospective issuers filing amended S-1s in recent days and a newcomer (aka CoinShares) entering the race. Notably, every filing included language around staking, which, … Read more
BBVA (Banco Bilbao Vizcaya Argentaria), Spain’s second-largest bank, is advising its wealthy clients to allocate up to 7% of their portfolio towards Bitcoin (BTC) and Ethereum (ETH). This is yet another sign that major banks and financial institutions that previously shunned crypto are warming up to the sector. BBVA Suggests Crypto Allocation BBVA reportedly advised … Read more
The total altcoin market cap has been consolidating within a bullish ascending triangle pattern for the past four years, Analysts suggest the market may undergo a final shakeout before a significant breakout. While some major altcoins show mixed performance, the overall pattern points to a potential major rally ahead. After a massive, four-year consolidation period, … Read more
Ripple USD stablecoin, RLUSD, is gaining traction, inching closer to a $500 million market cap milestone. According to a recent tweet by Ripple Stablecoin Tracker, a community X account that tracks the minting of RLUSD, 10 million RLUSD was minted in just the last 24 hours through the RLUSD Treasury, indicating rising demand. With recent … Read more
Elon Musk’s social media platform, X, will soon integrate various financial services, enabling users to make payments and investments directly within the app. In a recent interview with the Financial Times, X CEO Linda Yaccarino said the platform’s estimated 600 million users will eventually “be able to transact [their] whole life on the platform,” from … Read more
Rosé’s “Apt.” breaks the longevity record for a K-pop song on the Adult Contemporary chart, … More previously held by BTS, by spending 21 weeks on the ranking. PARIS, FRANCE – SEPTEMBER 26: (EDITORIAL USE ONLY – For Non-Editorial use please seek approval from Fashion House) Rosé of South Korean girl group BLACKPINK attends the … Read more