Author: John Smith
Spark is deploying $100 million into Superstate’s crypto carry fund to capture basis trade yields as returns from its traditional Treasury holdings begin to soften across the market. Summary Spark allocated $100 million from its stablecoin reserves to Superstate’s Crypto Carry Fund. The move comes as U.S. Treasury yields fall to six-month lows. USCC claims to offer a 9.26% 30-day yield through crypto basis trading. According to an announcement on Oct. 23, the DeFi lending protocol Spark has allocated $100 million from its reserves to the Superstate Crypto Carry Fund, or USCC. USCC generates returns through a market-neutral arbitrage strategy,…
The price of the Hyperliquid (HYPE) token rose 10% after Robinhood listing and $1 billion treasury announcement. Summary HYPE token price rose 10% after Robinhood announced its listing The same day, Hyperliquid Strategies filed for a $1 billion treasury raise HYPE token price surged over 10% on October 23, after two major catalysts converged. For one, trading platform Robinhood officially enabled spot trading for Hyperliquid, giving it access to millions of users. The market reaction was immediate, with the token briefly crossing the $40 mark. The same day as the listing news, Hyperliquid Strategies filed an S-1 registration statement with…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Solana struggles, the market’s next big narrative has shifted, stablecoins and payments are now the prize, and Digitap is leading the charge. Summary Fed Governor Waller’s proposed “skinny” Fed accounts could let institutions and stablecoin issuers bank directly with the Fed, putting payments in the spotlight. Solana faces resistance below $200, while stablecoin-focused projects are drawing major investor attention as the next growth wave. Digitap unites banking, stablecoins, and crypto in one consumer app, using AI routing and…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The CEOs of crypto companies led the applause when Donald Trump signed the GENIUS Act on July 18, and many even attended the signing of the Act. I did not applaud because I think GENIUS goes against the ethos of crypto. Summary Framed as consumer protection, the GENIUS Act ultimately strengthens U.S. financial dominance and compliance barriers — sidelining smaller players and limiting financial sovereignty, especially in the Global South. High regulatory costs mean only large institutions…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The October 20, 2025 AWS outage exposed the fragility of centralized systems, underscoring the urgent need for web3 to embrace truly distributed, resilient infrastructure. Summary A routine AWS update caused widespread failures across apps, gaming platforms, banking services, and parts of the crypto ecosystem, revealing a single point of failure in critical infrastructure. Web3’s reliance on a few centralized cloud providers threatens the very decentralization it champions, risking downtime and trust whenever a region goes offline. Distributed, redundant hardware…
Crypto exchange OKX has launched a new service that would provide access to digital assets for institutional clients who wish to offer crypto services to customers. Summary OKX has launched Rubix, a modular workflow solution that allows financial institutions to integrate regulated digital-asset services into their existing systems without building new infrastructure. The platform aims to simplify crypto adoption for banks and asset managers by reducing compliance and operational barriers, enabling them to diversify services, unlock new revenue streams, and meet growing institutional demand for digital assets. According to a press release sent to crypto.news, the crypto exchange platform has…
Kalshi prediction market platform is drawing fresh investor interest at valuations of $10 billion to $12 billion, weeks after its $300 million funding round at a $5 billion valuation. Summary Venture capitalists are discussing investments that could more than double Kalshi’s valuation. Recent interest follows rapid growth after Kalshi’s 2024 court victory enabling presidential election contracts. Kalshi prediction market operator is attracting fresh investor interest at valuations exceeding $10 billion, people familiar with the discussions told Bloomberg. The offers come just weeks after the New York–based company closed a $300 million round at a $5 billion valuation, led by Andreessen…
Investor caution has returned to crypto markets as Bitcoin and Ethereum ETF flows once again turned negative after a brief recovery. Summary Bitcoin and Ethereum ETFs saw renewed outflows on October 22, reversing inflows from the previous day amid weakening investor sentiment. Bitcoin funds recorded $101.3 million in withdrawals, while Ethereum ETFs lost $18.8 million, signaling a broader pullback across crypto investment products. BTC and ETH prices remain under pressure, with Bitcoin trading around $109,783 and Ethereum near $3,869, both struggling to regain momentum amid declining ETF inflows and subdued market confidence. Bitcoin ETFs posted net outflows of $101.3 million…
In a new blow for the decentralized finance industry, Bunni has announced its closure following a severe exploit that halted its operations. Summary Bunni DEX has shut down after losing $8.4M in a September exploit. Users can still withdraw assets, with a treasury distribution planned. Its smart contracts were open-sourced under the MIT license. Bunni, the decentralized exchange known for its liquidity innovations, has officially shut down following a major exploit that drained over $8.4 million in user funds. The decision was announced on Oct. 23 via the project’s official X account, where the team said the hack had halted growth and…
The crypto market crash resumed today, Oct. 22, as the Fear and Greed Index slipped to the fear zone. Summary The crypto market crash resumed ahead of the US inflation data. Bitcoin price moved to $106,825, down from this week’s high of $112,965. The Crypto Fear and Greed Index has moved to the fear zone. Bitcoin (BTC) and most altcoins were in the red. BTC dropped to $106,825, down from this week’s high of $113,965. It has dropped by 14.6% from its highest point this year. Most altcoins were in the red, with the top laggards being Aster (ASTER), MYX…