BNB has fallen sharply, slipping 11% from its all-time high of $1,370 this week to an intraday low of $1,151.50 before stabilizing near $1,180. The decline comes despite Binances native token being added to Coinbases listing roadmap, which had initially raised investor optimism. The market-wide downturn triggered over $630 million in liquidations across more than 210,000 trader accounts as sentiment turned risk-off. BNBs 24-hour trading range showed a brief recovery attempt, climbing from $1,151 to a session high of $1,194.06. Trading volume remained strong, with $6.19 million exchanged,...

Kraken, one of the leading global cryptocurrency exchanges, has strengthened its presence in the U.S. derivatives market by acquiring Small Exchange, a U.S.-licensed trading platform, from IG Group (IGG) for $100 million. The deal includes $32.5 million in cash and $67.5 million in Kraken stock, according to IGs announcement on Thursday. This acquisition positions Kraken as a designated contract market (DCM) in the United States through Small Exchanges existing Commodity Futures Trading Commission (CFTC) licensing. The move allows Kraken to directly offer regulated derivatives and futures...

Visa, the global payments giant powering nearly $16 trillion in annual transactions, is setting its sights on decentralized finance (DeFi) or as it now calls it, onchain finance. In its latest report, Stablecoins Beyond Payments: The Onchain Lending Opportunity, Visa redefines DeFi to align it with institutional-grade infrastructure, positioning itself to bridge traditional finance (TradFi) and blockchain-based lending in the age of the GENIUS Act. The companys vision is clear: to build the worlds largest onchain lending network, much like it did for global payments. Visa envisions banks,...

Bitfarms (NASDAQ: BITF) shares dropped 4% in pre-market trading following the companys announcement of a proposed $300 million offering in convertible senior notes due January 15, 2031. The Bitcoin mining firm also granted initial purchasers the option to acquire an additional $60 million in notes within 13 days of issuance, potentially bringing the total offering to $360 million. The convertible notes, classified as senior unsecured obligations, will pay semi-annual interest beginning July 15, 2026. Holders will have the option to convert their notes into cash, Bitfarms common shares, or a...

Australias Minister for Home Affairs, Tony Burke, has announced plans to expand the authority of the countrys anti-money laundering watchdog, the Australian Transaction Reports and Analysis Centre (AUSTRAC), to better regulate cryptocurrency ATMs and other high-risk financial products. The proposed measures would allow AUSTRAC to restrict or ban services considered vulnerable to criminal misuse, with further details on the legislative amendments expected to be released soon. Crypto ATMs, which enable users to purchase digital assets using cash or bank cards, have rapidly increased across...

Binance, the worlds largest cryptocurrency exchange, has completed its acquisition of South Korean trading platform Gopax, signaling the companys official return to the Korean market after a four-year hiatus. According to an exclusive report by Maeil Business Newspaper on October 16, South Koreas Financial Intelligence Unit (FIU), under the Financial Services Commission, approved Binances change-of-major-shareholder filing late Wednesday. The green light follows the conclusion of Binances legal battles with U.S. authorities and the FIUs determination that Gopaxs revised business plan met...

Cryptos recent Black Friday crash erased over $19 billion in positions, marking the biggest stress test since FTX. While Binance faced outages and refunded users, decentralized exchange (DEX) Hyperliquid proved its strength, processing $10 billion in liquidations with 100% uptime. The event underscored a defining shift in crypto: the growing cost of centralization and the rising trust in transparent, on-chain systems. According to Bloomberg, blockchains passed the stress test, with DeFi platforms like Hyperliquid, Uniswap, and Aave staying fully operational as centralized venues stumbled....

French banking giant ODDO BHF has introduced EUROD, a euro-backed stablecoin that serves as a regulated digital version of the euro under the EUs Markets in Crypto-Assets (MiCA) framework. The move underscores how traditional banks are entering the blockchain finance space as digital assets gain regulatory clarity in Europe. ODDO BHF, a 175-year-old lender managing over 150 billion, partnered with Fireblocks for custody and settlements and issued EUROD on the Polygon network to enable fast, low-cost transactions. The stablecoin is fully backed by euro reserves and undergoes external audits to...

Paxos, the issuer behind PayPals PYUSD stablecoin, accidentally minted an astonishing $300 trillion in PYUSD tokensfar surpassing the total global money supply. The firm swiftly corrected the blunder, burning the excess tokens and minting a far smaller $300 million shortly afterward. Paxos attributed the mistake to user error, likely a fat finger typo, and confirmed that no malicious activity occurred. While the immediate damage was contained, the event has reignited debates about the stability and transparency of the broader stablecoin market. The incident exposed a glaring flaw: most...

New York The air over Brooklyn carried that unmistakable crispness of early autumn cool, alive, and charged with anticipation. From the moment the doors opened, the hum of conversation and the glow of screens filled the hall. Developers, investors, and visionaries from around the world had gathered for one reason: to witness how far blockchain has come and where its heading next. For two days, Aptos Experience 2025 would turn New York into the epicenter of real-world Web3 innovation. And on opening day, that promise came vividly to life. A Morning of Vision Aptos Goes...