Standard Chartered expects Ethena’s ENA token to rise about sevenfold by 2028, provided the protocol can rebuild its shrinking synthetic-dollar business. The bank initiated coverage of ENA with a $2 year-end 2028 target, up from about $0.28 currently. It forecasts the token reaching $0.42 at the end of 2026 and $1.10 in 2027 before accelerating …
Monthly archives: October 2026
Bitget’s hackers turn to Zcash after $50 million laundering route gets blocked
Hackers behind Bitget’s $387.5 million breach are turning to Zcash’s privacy features to hide the stolen funds as crypto firms increasingly block other escape routes. About 2,746 ZEC worth roughly $3.9 million was transferred Wednesday into Zcash’s Ironwood shielded pool through three transactions, according to on-chain activity flagged by blockchain investigator ZachXBT. The amount represents …
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Kalshi’s $40 billion growth story hits tough questions about its trading volume
Kalshi is ending a trader-volume incentive program nearly a year early as scrutiny of activity in its crypto markets intensifies. The prediction-market operator told the Commodity Futures Trading Commission (CFTC) that its Volume Incentive Program will terminate no earlier than Oct. 13, according to a Sept. 28 filing. The program had previously been scheduled to …
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Aave’s $50 million lending plan could lose money without a single default
Aave’s proposed institutional lending business would put crypto collateral on both sides of the financing chain. Institutions would pledge Bitcoin or Ether for dollar loans, while the organization governing the Aave lending protocol would initially borrow those dollars against a separate pool of its own crypto assets. Aave Labs’ September 30 clarification identifies an Aave …
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Bitcoin fails to sustain $85,000 breakout, and bond yield spikes are blamed
Bitcoin erased a brief rally above $85,000 on Sept. 30, slipping back below $84,000 after fresh US inflation data as government bond yields rebounded and stocks recovered. The move followed the release of August personal consumption expenditures inflation at 12:30 p.m. UTC. At 3:28 p.m. UTC, Bitcoin traded close to $84,000, leaving the initial jump …
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UK’s 2027 crypto rules let firms remove trust protection from Bitcoin lent for yield
UK crypto firms can now apply for authorization as of Sept. 30, bringing Bitcoin holders closer to a rulebook that will treat coins pledged as qualifying borrowing collateral differently from coins transferred into lending for yield. The distinction could matter when a platform fails: safeguarded assets and a contractual promise to return equivalent coins give …
MSCI Rule Puts Strategy at Risk, Says Bitcoin Policy Institute Paper
A private index committee that never touches investor cash can still trigger billions of dollars in stock trades. A new Bitcoin Policy Institute paper says MSCI’s proposed test could eject Strategy, Metaplanet, and uranium holder Yellow Cake from major indexes, while an earlier estimate put potential Strategy selling at $2.8 billion from MSCI-linked funds alone. …
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Animoca Brands’ Moca Chain Takes Aim at Digital Identity
The Moca Foundation and Moca Network have launched a decentralized blockchain that lets users and AI agents securely share verified credentials across applications. Decoupling Verification from Data Storage Moca Foundation and Moca Network, an Animoca Brands project, have launched a blockchain network allowing users to carry verified digital credentials across applications without repeatedly sharing their …
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Coinbase-Backed Base Gives Users More Control With Cobalt Upgrade
Base has launched Cobalt, its third major network upgrade, adding new transaction controls for traders and expanding tools for companies issuing tokens on the Coinbase-incubated Ethereum Layer 2 network. Base Debuts Transaction Controls The upgrade is now live on Base mainnet and centers on two areas: a new feature called “Validity Transactions” and enhancements to …
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Bitcoin Price Holds $83K as Bitfinex Says Leverage Has Cleared
Bitcoin calls represent 60.88% of options open interest, while Deribit’s October max-pain level sits near $76,000, below bitcoin’s current $83,719 spot price. Futures exposure totals approximately $53 billion, led by Binance and CME. The market data on Wednesday shows concentrated October call positions, mixed exchange activity, and a substantially smaller CME options book than in …
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Does America.gov Know Bitcoin Policy as Well as ChatGPT and Claude? We Asked
The newly launched U.S. government AI chatbot America.gov can also help bitcoin and crypto users with answers to their questions. However, those responses can still be outdated, misleading, or self-censored. Bitcoin.com News compared answers from America.gov, Claude, and ChatGPT to 12 crypto policy questions. The new government website, designed to be a “unified digital front …
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Visa and Mastercard Join $1 Billion Bet on Stripe-Backed OUSD
Stablecoin project open usd (OUSD) arrived on Wednesday with more than $1 billion in launch liquidity and a heavyweight cast that includes Coinbase, Mastercard, Shopify, Stripe, and Visa. The twist is in the economics: businesses can mint and redeem OUSD at par without fees or volume caps, while participating companies collect most of the income …
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Cboe’s 25-Year S&P 500 Deal Puts Tokenized Options on the Table
Cboe and S&P Dow Jones Indices extended their exclusive S&P 500 options licensing agreement for 25 years, keeping Cboe’s SPX rights in place through 2051. The agreement also leaves room for the companies to explore products beyond traditional index derivatives, including tokenized options. No such product has been announced, but the language shared comes as …
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