Crypto Currents
Developments shaping the cryptocurrency ecosystem, curated from trusted sources. Each article is summarised by AI into 50 words or fewer for fast context.

Coinbase Burns 143,956,168 SHIB, Leading Monthly Burners
Coinbase has emerged as the top burner of Shiba Inu tokens, incinerating a total of 143,956,168 SHIB in the latest monthly report.
Coinbase Supports Sivar, El Salvador's New Stablecoin Remittance Application
Coinbase has partnered with Sivar to launch a stablecoin remittance app in El Salvador, aimed at facilitating easier and more efficient money transfers.

Ethereum Schedules Glamsterdam Upgrade for October 6
Ethereum has announced the Glamsterdam upgrade for October 6, as co-founder Vitalik Buterin indicates a shift away from traditional forks in the network's development.
Coinbase launches auction mode for CT-USD trading pair with Concrete token debut
Coinbase has introduced auction mode for the CT-USD trading pair as the Concrete token makes its market debut.
Bitcoin Price Drops to $84,000 After Initial Gains
Bitcoin's price has fallen back to $84,000 after earlier increases, as market reactions continue to fluctuate.
Stable integrates Visa Direct for enhanced payout options
Stable has announced the integration of Visa Direct, allowing users to make bank and mobile wallet payouts more efficiently.
Bitget reports $231 million in deposits amid post-hack recovery efforts
Bitget has recorded $231 million in deposits, a decline from its August average, as the exchange continues to navigate its recovery following a recent hack.
Altcoins See Double-Digit Gains Amid Ongoing Bitcoin Consolidation
Several altcoins have experienced significant price increases as Bitcoin continues to consolidate. The market shows a mix of trends, with some cryptocurrencies outperforming others during this period.
Stable Integrates Visa Direct for Enhanced Payout Options
Stable has announced its integration with Visa Direct, enabling users to receive payouts directly to bank accounts and mobile wallets, streamlining the payment process.
HSBC Introduces 'RedCoin' Stablecoin in Hong Kong for Retail Launch
HSBC has announced the name of its stablecoin, 'RedCoin', as it prepares for a retail rollout in Hong Kong.
Aiden Pleterski to Represent Himself in Canadian Fraud Trial
Aiden Pleterski, known as the 'Crypto King', will represent himself in his upcoming fraud trial in Canada.
BetFury Introduces Futures Trading with x1000 Multiplier and No Slippage
BetFury has launched a new futures trading feature that offers a multiplier of up to x1000 and aims to provide slippage-free crypto trading for its users.
Bitcoin Price Reaches $83,000, Turning $70 Investment into $1.7 Million
A Bitcoin investor from the Silk Road era has seen their initial $70 investment grow to $1.7 million as the cryptocurrency's price hits $83,000.

Raven Secures $90M Valuation with Investment from CMCC Global and Coinbase Ventures
Raven has achieved a valuation of $90 million following investments from CMCC Global and Coinbase Ventures, aimed at enhancing its prediction markets platform.

Ripple Partners with Brazilian Securities Firm in Major Deal
Ripple has secured a partnership with a leading Brazilian securities company, enhancing its presence in the South American market.
El Salvador chooses USDC for stablecoin remittances over USDT
El Salvador has selected USDC as its preferred stablecoin for remittances, opting for it instead of USDT. This decision reflects the country's ongoing efforts to enhance its financial system and improve remittance processes.

Canadian Crypto King Aiden Pleterski to Represent Himself at Fraud Trial
Aiden Pleterski, known as the Canadian Crypto King, will represent himself in a $40 million fraud trial. Only $3 million has been recovered for 160 investors affected by the alleged scheme.
Bitcoin Reclaims Key Market Levels, $215K Scenario Discussed
Bitcoin has regained significant market levels, prompting discussions about a potential price target of $215,000. Analysts are evaluating market trends and investor sentiment as BTC shows signs of recovery.
Tom Lee Responds to Binance Founder on Crypto Ownership and Ethereum Holdings
Tom Lee discusses cryptocurrency ownership in response to Binance founder's significant Ethereum holdings, estimated at $16 billion.
Gemini adopts new Zcash software for quicker 25-second block times
Gemini, owned by the Winklevoss twins, has transitioned to updated Zcash software to enable faster block times of 25 seconds, enhancing transaction efficiency.
European Investors Can Purchase Bitcoin Without U.S. Dollar Exposure
New options allow European investors to buy Bitcoin while avoiding risks associated with the U.S. dollar, enhancing accessibility and reducing currency-related concerns.
Bitget Hackers Breached Exchange for 25 Days Before $388 Million Theft
Hackers infiltrated Bitget exchange for 25 days prior to executing a $388 million heist, according to security reports.
Ripple Forms Partnership to Enhance Brazil's Financial Market Infrastructure
Ripple has announced a partnership aimed at improving Brazil's financial market infrastructure, which is valued at $22 trillion. The collaboration seeks to leverage Ripple's technology to streamline financial transactions in the region.
GhostSwap Review: A Look at Privacy-Focused Cryptocurrency Swaps
GhostSwap offers a platform for privacy-oriented cryptocurrency exchanges, highlighting its features and user experience.
15-Year-Old Bitcoin Wallet Transfers Funds After Years of Inactivity
A Bitcoin wallet, dormant for 15 years, has recently made a transfer, raising interest in its origins and the potential implications for the cryptocurrency market.
Interview with Token Recovery on Strategies to Combat Crypto Fraud
Token Recovery discusses effective measures to tackle cryptocurrency fraud, highlighting the importance of regulation and user education.

Australia Alerts Public to North Korean Job Scam Stealing $10.7 Million in Crypto
Australian authorities have issued a warning regarding a fake job scam linked to North Korean hackers, which has reportedly stolen $10.7 million in cryptocurrency.
Lighter Token Experiences Decline Following Robinhood Perpetuals Announcement
Lighter Token has seen a drop in value after Robinhood announced plans for perpetual contracts. The market reaction reflects investor concerns regarding the implications of this new offering.
Soneium and DayOneDream aim to decentralise K-Pop revenue on blockchain
Soneium and DayOneDream are collaborating to integrate K-Pop revenue streams onto the blockchain, enhancing transparency and accessibility for fans and artists.
Winklevoss Compares Zcash to Early Days of Cryptocurrency
Gemini founder Cameron Winklevoss stated that Zcash evokes the same feelings as cryptocurrency did in 2019, highlighting its potential and relevance in the current market.

Peter Brandt Predicts Bitcoin Surge to Six Figures, Critiques XRP
Trader Peter Brandt forecasts a significant rise in Bitcoin's value, potentially reaching six figures, while expressing concerns about XRP's performance in the cryptocurrency market.

Dollar Sees Strongest Performance Since June, Bitcoin Remains Steady
The US dollar is experiencing its best month since June, while Bitcoin has shown no significant reaction to these changes in currency value.
Coinbase to Launch Digital Pokémon Cards Linked to Physical Collectibles
Coinbase is set to introduce a digital Pokémon card platform that will feature real physical cards. This initiative aims to merge digital collectibles with tangible assets, enhancing the trading experience for fans and collectors.
Tether and Shiga Develop Self-Custodial USDT, Bitcoin, and Gold Products for Africa
Tether and Shiga are collaborating to create self-custodial financial products, including USDT, Bitcoin, and gold, aimed at the African market.
Philippines implements stricter regulations for digital banks
The Philippines has introduced new regulations for digital banks to enhance security and consumer protection as the digital payment landscape evolves.
Ripple Exits BIS Cross-Border Payments Task Force Membership
Ripple has announced it is no longer a member of the Bank for International Settlements' Cross-Border Payments Task Force, marking a significant change in its involvement with global payment initiatives.
Pump.fun co-founder discusses low-cost app for token distribution
The co-founder of Pump.fun has outlined a new app designed for token distribution with near-zero fees, aiming to simplify the process for users and enhance accessibility in the cryptocurrency market.
Public company divests gold assets to invest in Solana cryptocurrency
A public company has sold a portion of its gold holdings to acquire Solana, reflecting a strategic shift towards cryptocurrency investments.
Banker Misappropriates $932,000 from Clients to Coinbase
A banker has been accused of diverting $932,000 from clients to Coinbase, reportedly for personal gain. The case highlights issues of trust and security in financial institutions.
Aptos introduces Tether USDT support on MAX exchange for TWD conversions
Aptos has launched native support for Tether USDT on Taiwan's MAX exchange, enabling users to convert USDT to New Taiwan Dollars (TWD). This move aims to enhance trading options for users in the region.
HANetf Introduces First Euro-Hedged Bitcoin Exchange-Traded Commodity
HANetf has launched the world's first Euro-hedged Bitcoin exchange-traded commodity, aimed at providing investors with a new way to gain exposure to Bitcoin while mitigating currency risk.
UK Orders Crypto Fraudsters to Repay £851,402 to Victims of Scam
The UK has mandated that crypto fraudsters repay £851,402 to victims of a scam, highlighting ongoing efforts to combat financial fraud in the cryptocurrency sector.
Strive Acquires 1,107 Bitcoin for $94.5 Million, Total Holdings Exceed 27,400 BTC
Strive has purchased 1,107 Bitcoin for $94.5 million, increasing its total holdings to over 27,400 BTC.
Binance Pay allows USDT transactions at PayPay merchants in Japan
Binance Pay has introduced the ability to spend USDT at PayPay merchants in Japan, expanding cryptocurrency payment options for users.
OKX Launches Spot and 20x Perpetual Trading for Doppler Finance Token
OKX has introduced spot trading and 20x perpetual contracts for the Doppler Finance token, expanding its trading offerings.
El Salvador's Shift from Bitcoin to Stablecoins Raises Questions for President Bukele
An open letter to President Bukele queries the transition from Bitcoin to stablecoins in El Salvador, highlighting the implications of this change.
Robinhood introduces 10x leveraged crypto trading for US customers
Robinhood has launched a new feature allowing US users to engage in 10x leveraged trading for cryptocurrencies, expanding its trading options in the digital asset market.
Binance Transfers Crypto From Funding Accounts Before Stock Renaming
Binance has begun transferring cryptocurrency out of its funding accounts as it prepares for a renaming of its stock. This move is part of the company's ongoing adjustments in its operational strategy.
Sovereign wealth fund reportedly sells gold to invest in Bitcoin
A report by Bitwise indicates that at least one sovereign wealth fund has divested from gold to purchase Bitcoin, reflecting a shift in investment strategy.
Binance's CZ discusses industry growth and HYPE token listing
Binance CEO Changpeng Zhao addressed the growth of the cryptocurrency industry and announced the listing of the HYPE token for spot trading, highlighting the competitive landscape of decentralised exchanges.
Fake Coinbase Text Messages Result in $900,000 Bitcoin Theft
The US authorities are pursuing the recovery of cryptocurrency stolen through fraudulent Coinbase text messages, which led to a theft of approximately $900,000 in Bitcoin.
Robinhood Launches Crypto Perpetual Contracts in the US with 10x Leverage
Robinhood has started offering cryptocurrency perpetual contracts in the US, allowing users to trade with leverage of up to 10 times. This move expands the platform's crypto trading options.
New Stablecoin verUSD Launched With $100 Million Institutional Backing
The newly launched stablecoin verUSD has secured $100 million in commitments from institutional investors, marking a significant step in the cryptocurrency market.
Robinhood introduces perpetual futures trading for traditional assets
Robinhood has expanded its trading platform to include perpetual futures, allowing users to trade both cryptocurrency and traditional assets. This move marks a significant development in the company's offerings.
Institutions Develop Infrastructure Around Bitcoin as an Asset
Financial institutions are increasingly focusing on building infrastructure and services around Bitcoin, recognising its value as a significant asset in the market.
Hut 8 secures $1 billion credit line amid 40% liquidity requirements
Hut 8 has secured a $1 billion credit line but must comply with new liquidity rules requiring 40% liquidity.
Blockchain.com reportedly aims to raise $500 million in US IPO
Blockchain.com is seeking to raise up to $500 million through an initial public offering in the United States, according to reports.
Bitcoin futures notional reaches lowest point in two years
The notional value of Bitcoin futures has fallen to its lowest level in two years, indicating a significant decline in trading activity and market interest.
BNB Chain sees 985,000 new stablecoin holders in one week
BNB Chain has added 985,000 stablecoin holders in a single week, significantly outpacing other blockchain networks in terms of growth.
Bitget CEO Gracy Chen doubts recovery of $387.5 million in stolen funds
Gracy Chen, CEO of Bitget, has expressed scepticism regarding the recovery of $387.5 million that was stolen from the platform, highlighting the challenges involved in retrieving such significant amounts.

Binance’s XRP Scarcity Index Reaches Lowest Level, Indicating Supply Shift
The XRP Scarcity Index on Binance has hit its lowest level, suggesting a significant change in the token's supply dynamics. This development may impact market behaviour and investor sentiment regarding XRP.
Coinbase Hit With $25 Million Loss Claim From Investor
A cryptocurrency investor has filed a $25 million claim against Coinbase, alleging financial losses. The claim highlights ongoing concerns regarding investor protection in the cryptocurrency market.
Aztec Revives zk.money to Enhance Ethereum's Privacy Features
Aztec has reintroduced zk.money, a privacy tool for Ethereum, aimed at improving user confidentiality on the network. This development is expected to bolster privacy solutions within the Ethereum ecosystem.
Bitget reports 131% total reserve ratio in latest financial update
Bitget has announced a total reserve ratio of 131% in its latest update, reflecting its commitment to maintaining a strong financial position.

Bitget Customers Withdraw 4,000 Bitcoins After $388 Million Hack
Following a significant hack resulting in a loss of $388 million, Bitget customers withdrew over 4,000 Bitcoins within one hour to secure their assets.

Grayscale Identifies Four Cryptocurrencies with Practical Use Cases
Grayscale has highlighted four cryptocurrencies that demonstrate real-world applications in digital currency. The analysis aims to showcase the potential of these assets in the evolving financial landscape.
Ric Edelman Advocates 10-40% Bitcoin Investment Allocation
Financial expert Ric Edelman recommends investors allocate 10-40% of their portfolios to Bitcoin, predicting a price of $500,000 by 2030.
Pakistan considers Bitcoin mining using surplus energy resources
Pakistan is exploring the potential of Bitcoin mining by utilising its surplus energy. However, the connection between this initiative and landfill methane as an energy source has not yet been confirmed.
Volmex Finance introduces Bitcoin implied volatility futures on Hyperliquid
Volmex Finance has launched Bitcoin implied volatility perpetual futures on the Hyperliquid platform, aiming to enhance trading options for investors in the cryptocurrency market.

Bitwise Research Head Discusses Sovereigns Selling Gold for Bitcoin
Ryan Rasmussen from Bitwise highlights a trend where sovereign nations are reportedly selling gold reserves to invest in Bitcoin.

Tracy Shuchart Discusses Bitcoin and the Commodities Supercycle
Tracy Shuchart explores the relationship between Bitcoin and the ongoing commodities supercycle in a recent video discussion.
Bitget resumes withdrawals following $388 million security breach
Bitget has reopened withdrawals after a significant security breach that resulted in the loss of approximately $388 million. The exchange is taking measures to enhance security following the incident.
HBAR Retraces Gains After IBM Partnership, QNT Continues to Rise
HBAR has lost the gains it made following its partnership with IBM, while QNT maintains its upward trajectory in the crypto market.

XRP Price Approaches $1.60 Amid Bullish Indicators
XRP is testing the $1.60 level as technical indicators, including a bullish flag and EMA crossover, suggest potential upward momentum in its price.
PS5 Jailbreak Achieved Following Sony's Comments on Game Ownership
A jailbreak for the PlayStation 5 has been successfully developed, coinciding with Sony's recent statement regarding players' ownership of digital games.
Moonpay Partners with South Korean Banks for Stablecoin Initiative
Moonpay has collaborated with major South Korean banking institutions to advance its stablecoin efforts in Asia, aiming to enhance digital currency adoption in the region.

JPMorgan Identifies Key Price Level for Bitcoin Miners' Profitability
JPMorgan has highlighted a crucial price point for Bitcoin miners, indicating the minimum production cost necessary for them to remain profitable in the current market.

HANetf Launches First Euro-Hedged Bitcoin Fund
HANetf has introduced the world's first Euro-hedged Bitcoin fund, aiming to provide investors with a new way to gain exposure to Bitcoin while mitigating currency risk.
Stablecoins and Bitcoin: Understanding Their Differences and Applications
The article explores the key differences between stablecoins and Bitcoin, highlighting their unique use cases and functionalities in the cryptocurrency market.
El Salvador aims for $9 billion in transfers using stablecoins
El Salvador is targeting $9 billion in remittances by opting for stablecoins, aiming to enhance financial stability and efficiency in its transfer system.
Circle Integrates USDC Workflows into Major Banking Platform
Circle has incorporated USDC workflows into a banking platform utilised by significant institutions, enhancing the functionality and accessibility of digital currencies in traditional banking environments.
Ripple Announces Full Lineup for Swell Event Featuring Key Speakers
Ripple has unveiled the complete lineup for its upcoming Swell event, highlighting prominent speakers and industry leaders who will participate.
Ethereum plans Glamsterdam upgrade on Sepolia for 6 October
Ethereum has announced the schedule for its Glamsterdam upgrade on the Sepolia testnet, set for 6 October.
BitMine on track to reach 5% of Ether supply target within weeks
BitMine is expected to achieve its goal of holding 5% of the total Ether supply in the coming weeks, raising questions about the implications for the cryptocurrency market.
Bitget Resumes Bitcoin Withdrawals Following $387.5 Million Hack
Bitget has restarted Bitcoin withdrawals after a significant hack involving $387.5 million. The platform continues its recovery efforts while THORChain has declined to block the funds of the attacker.
Bitcoin Awaits U.S. Jobs Data This Week: JOLTS and Payrolls
Bitcoin's performance may be influenced by upcoming U.S. labour data, including JOLTS and payroll figures, which could impact Federal Reserve policy expectations.
Vitalik Buterin claims Hegotá may be Ethereum's final 'normal' fork
Ethereum co-founder Vitalik Buterin has stated that the upcoming Hegotá fork could be the last of its kind, suggesting significant changes may follow.
Bitget Breach Raises Concerns Over Custody Security and Zcash's Privacy Features
A recent breach at Bitget has led to heightened concerns regarding custody security in cryptocurrency. Meanwhile, Zcash has regained attention for its privacy features, highlighting ongoing debates in the digital asset space.
Bitcoin Privacy Proposal Leaves Key Mechanism for Future Development
The Shielded Bitcoin proposal aims to enable private transfers but does not address how BTC will enter or exit the system, indicating this will be explored in future work.
CoinFerenceX and The Best Event Launch Decentralised Summit in Singapore
CoinFerenceX has partnered with The Best Event to host the 'CoinFerenceX The Best Event Singapore', a decentralised summit aimed at discussing blockchain and cryptocurrency advancements.
Solstice CEO claims crypto's boom-and-bust cycles are diminishing
The CEO of Solstice suggests that the extreme volatility in cryptocurrency markets is lessening, indicating a potential shift in market dynamics.
Trueo prediction market transitions from Base blockchain to Ethereum
Trueo, a decentralised prediction market platform, is shifting its operations from the Base blockchain to Ethereum to enhance its functionality and user experience.
Over $900 Million in Token Unlocks Affects Crypto Markets
In the fourth week of September, over $900 million in token unlocks impacted the cryptocurrency markets, influencing trading dynamics and investor sentiment.
Strategy Acquires 950 BTC and $174M in STRC Holdings
Strategy has purchased 950 BTC and repurchased $174 million in STRC, as disclosed by Strive. Analyst Jason Viscosi explores the implications of this emerging treasury network.
Ethereum Institutional Support for Ethlabs' Proposal to Reduce Block Times
Institutional players in the Ethereum network have expressed support for Ethlabs' motion aimed at reducing Ethereum block times, potentially enhancing transaction efficiency.
Dragonfly’s Qureshi advocates for ending Zcash development fund post-2028
Qureshi from Dragonfly has proposed that the Zcash development fund should cease after 2028, suggesting a shift in funding strategies for the cryptocurrency's future.
BIS report highlights discrepancies in Bitcoin on-chain transfer estimates
A recent paper from the Bank for International Settlements reveals significant gaps in the estimates of Bitcoin on-chain transfers, raising concerns about the accuracy of current data in the cryptocurrency market.
Ethereum wallet standards collaboration fails, says Ethlabs researcher
Discussions regarding the establishment of wallet standards for Ethereum and Base have not succeeded, according to a researcher from Ethlabs.

