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Kadena Organization Shuts Down, Causing KDA Token Price to Plunge Over 60%

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The Kadena organization has announced the immediate cessation of all business operations and active maintenance of its blockchain, citing unfavorable “market conditions.” This sudden decision has sent the native token, KDA, into a massive sell-off, with its price falling by over 60%. The organization’s post on X (formerly Twitter) confirmed that all employees were notified … Read more

Tether Reaches Half a Billion Users, Cementing Role as Financial Inclusion Leader

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Tether’s stablecoin, USDT, has hit a massive milestone of 500 million users, according to an announcement by CEO Paolo Ardoino. This achievement solidifies its position as one of the most widely adopted financial tools globally and, as Ardoino claims, potentially the biggest financial inclusion achievement in history. The company argues that by reaching 500 million … Read more

Citi Initiates Coverage on Strategy with ‘Buy’ Rating, Calling it a Leveraged Play on Bitcoin

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Investment bank Citi has begun coverage of Strategy (MSTR) with a Buy/High Risk rating and a $485 price target, positioning the stock as a highly leveraged play on the future price movements of Bitcoin (BTC). The bank’s bullish forecast is rooted in its expectation that Bitcoin will reach $181,000 within 12 months—a roughly 63% increase … Read more

Arch Launches TaxShield: Bitcoin-Backed Service Targets High-Income Investors with Tax Deductions

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On October 21st, financial technology firm Arch introduced TaxShield, a new service designed to provide significant tax benefits to high-income Bitcoin holders. Leveraging U.S. tax law, TaxShield allows investors to reduce their tax liabilities by fully deducting the costs of Bitcoin mining equipment in the first year. This strategy not only results in potentially substantial … Read more

Aave Partners with Maple Finance to Integrate Institutional Capital and Stablecoins

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The decentralized lending protocol Aave has officially partnered with onchain credit platform Maple Finance to bridge institutional capital with its decentralized liquidity pools. Announced on Tuesday, the integration will see Maple’s yield-bearing stablecoins, syrupUSDC and syrupUSDT, introduced to the Aave ecosystem. syrupUSDC will be listed in Aave’s core market, while syrupUSDT will be available in … Read more

Russia Legalizes Cryptocurrency for Foreign Trade Settlements to Bypass Sanctions

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The Russian government has announced the legalization of cryptocurrency for settling international trade deals, a strategic move designed to counter the impact of Western economic sanctions. Both the Ministry of Finance and the Central Bank have formally agreed to this policy, formalizing the experimental legal regime that began in September. This provides Russian businesses with … Read more

Aerodrome Introduces “Aero Launch” and “Aero Ignition” to Revolutionize Token Issuance on Base

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Aerodrome has announced two major initiatives, “Aero Launch” and “Aero Ignition,” aimed at significantly improving community-based token issuance and liquidity provisioning within the Base ecosystem. This development is designed to streamline the launch process for new assets and enhance market-driven liquidity. Through Aero Launch, any new token can immediately establish a trading pool on the … Read more

China Views Crypto and CBDCs as Tools of “Financial Mobilization” and National Security

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A recent study published in the Study Times, the journal of China’s Central Party School, reveals that China views cryptocurrencies and Central Bank Digital Currencies (CBDCs) as strategic assets, transforming them into tools of state power and modern warfare. The study describes digital assets as instruments of “financial mobilization,” essential for national security. It argues … Read more

Ethereum’s Upcoming Fusaka Hard Fork to Introduce Per-Transaction Gas Limit Cap

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The Ethereum Foundation (EF) has announced a key change for the upcoming Fusaka hard fork in December: the introduction of a per-transaction gas limit cap via EIP-7825. Currently live on the Holesky and Sepolia testnets, this change will cap the gas used by a single transaction at 16.78 million. This addresses a vulnerability where one … Read more

ProShares Seeks SEC Approval for Diversified Crypto ETF Tracking CoinDesk 20 Index

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ProShares, a major asset management firm, has filed for U.S. regulatory approval from the Securities and Exchange Commission (SEC) to launch a new crypto exchange-traded fund (ETF). The proposed fund, named the ProShares CoinDesk Crypto 20 ETF, is designed to track the performance of the CoinDesk 20 Index, which measures the performance of the top … Read more

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