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SBI Holdings and Startale Group Partner to Launch Regulated Yen Stablecoin for Global Settlement

Cryptonite UAE

SBI Holdings and the Startale Group have signed a memorandum of understanding to jointly develop and launch a regulated Japanese yen-denominated stablecoin. This initiative aims to provide a compliant and institutionally-focused alternative to the predominantly dollar-denominated digital currency market in global trade and settlement. The stablecoin is planned for launch in the second quarter of … Read more

Aster DEX Launches ‘Shield Mode’ to Combat MEV and Boost Trader Privacy

Cryptonite UAE

Decentralized perpetual exchange (Perps DEX) Aster has launched a new feature called Shield Mode to enable high-leverage trading while protecting users from market exploitation. Key Features and Benefits Privacy and Protection: Shield Mode allows traders to execute perpetual trades with up to 1,001x leverage on Bitcoin (BTC) and Ether (ETH) pairs without revealing their positions. … Read more

Grayscale Predicts Bitcoin to Reach New All-Time High in H1 2026 Driven by Macro Demand and US Regulation

Cryptonite UAE

Grayscale analysts are anticipating a significant resurgence in the crypto market, projecting that Bitcoin (BTC) will hit a new all-time high in the first half of 2026. This bold prediction, detailed in their 2026 outlook report, is primarily based on two key drivers: Surging Macro Demand: The firm argues that rising public sector debt increases … Read more

Top US Banks Quietly Advancing Bitcoin Integration Despite Tepid Market Reaction

Cryptonite UAE

By December 2025, major U.S. financial institutions, including PNC Group and JPMorgan Chase, are reportedly moving to introduce Bitcoin trading and custody services. This potential entry by top banks signals a significant step toward mainstream financial integration for cryptocurrency, even as regulatory and market dynamics continue to evolve. Market reports indicate that these large banks … Read more

Scaling Success, Revenue Fail: Layer-2 Growth Creates a Structural Headwind for Ethereum

Cryptonite UAE

Ethereum’s long-term bet on scalability—pushing activity to Layer-2 networks—is achieving its technical goal, but at a severe cost to its core revenue engine. Recent analyst estimates paint a stark picture: Ethereum’s annualized revenue has plummeted from approximately $2.52 billion to roughly $604 million. This significant decline is not a cyclical dip but rather a structural … Read more

Gold Nears All-Time High as Historic Bitcoin Divergence Signals Potential Turning Point

Cryptonite UAE

Gold prices continued their upward momentum on Tuesday, trading at $4,305 per ounce, placing the safe-haven asset within striking distance of its October all-time high of $4,381. This rally is driven by a strong flight to safety among investors navigating uncertain monetary policy and seeking hedges against persistent inflation. The momentum for bullion is reinforced … Read more

PayPal Applies for Industrial Bank Charter in Utah, Deepening Financial and Crypto Footprint

Cryptonite UAE

PayPal is making a significant push into traditional financial services with plans to establish PayPal Bank, a Utah-chartered industrial bank. The payments giant announced its application for deposit insurance through the Federal Deposit Insurance Corporation (FDIC) on Monday, a move that would allow it to hold insured customer deposits similar to conventional banks and expand … Read more

Stablecoins Expected to Surge in Venezuela Amid Economic Crisis

Cryptonite UAE

The use of stablecoins in Venezuela is predicted to grow significantly in the near future, driven by the country’s worsening economic situation and the continuous decline of the national currency, the bolívar. For nearly a decade, Venezuelans have contended with hyperinflation, international sanctions, and scarce access to dependable financial services. In this environment, dollar-pegged stablecoins … Read more

Nearly $200 Million in Crypto Unlocks Scheduled This Week Ahead of “Christmas Rally” Decision

Cryptonite UAE

The crypto market is entering a week of heavy token supply, with seven projects scheduled to release nearly $200 million worth of tokens into circulation between December 15 and 21. This influx of supply comes just before traders anticipate whether a “Christmas rally” will materialize or if the ongoing crypto winter will persist. Major Unlocks … Read more

Paxos Transition to Federal Oversight: A New Template for Regulated Crypto

Cryptonite UAE

The move by Paxos to convert its state-level trust charter into a national trust supervised by the U.S. Office of the Comptroller of the Currency (OCC) is a significant development reshaping the regulated crypto landscape. Key Shifts Under OCC Supervision Federally Supervised Institution: Paxos transitions from being regulated by the New York Department of Financial … Read more

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