Tag: Digital

Bybit Becomes First Crypto Exchange to Partner with QNB Group and DMZ Finance to Accept QCDT, Unlocking Institutional Access to Digital Assets

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DUBAI, UAE, Sept. 19, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced a strategic collaboration with QNB Group and DMZ Finance. Together, the partners are introducing QCDT—the world’s first DFSA-approved (Dubai Financial Services Authority) tokenised money market fund (MMF)—into Bybit’s platform as a collateral asset, marking a breakthrough in bridging traditional finance and digital assets. Bybit is the first global crypto exchange to accept QCDT as collateral, setting a new benchmark for the integration of Real World Assets (RWAs) in digital finance. QCDT is powered by…

EU Finance Ministers Agree to limit Digital Euro Holdings

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Finance ministers of European Union member states agreed Friday on a pathway to set limits on how much digital euro an individual can hold, moving the bloc closer to launching a central bank digital currency. The decision was announced during a Eurogroup press conference following the Economic and Financial Affairs Council meeting in Copenhagen, Denmark, on Friday. Officials said they had reached a consensus on the “ceiling for holding limits and then ultimately on the issuance process itself for the digital euro.” One official noted during the press conference that…

Vitalik Defends Ethereum Exit Queue Amid Galaxy Digital FUD

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Ethereum co-founder Vitalik Buterin has finally addressed some concerns over the lengthening Ethereum staking exit queue, which has now grown to 45 days.  His response came after Galaxy Digital’s head of DeFi, Michael Marcantonio, called the exit queue length “troubling” on X and compared it to Solana, which only requires two days to unstake. He has since deleted the posts.  “Unclear how a network that takes 45 days to return assets can serve as a suitable candidate to power the next era of global capital markets.” Deleted post from Galaxy…

Bitcoin mining industry ‘going to be dead in 2 years’: Bit Digital CEO

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Bit Digital CEO Sam Tabar says the commercial Bitcoin mining industry is “doomed” — even though Bitcoin mining itself will live on.   The “Bitcoin mining industry is going to be dead in two years” he tells Magazine, explaining the economics of profit and loss will no longer stack up from a business perspective. “There’s no way the mining industry can survive another halving and then, at the same time, the sovereigns get into, start participating in Bitcoin mining.” Bit Digital started life as a peer-to-peer car rental service in China…

Fidelity Digital Assets forecasts 42% Bitcoin illiquid supply by 2032

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Fidelity Digital Assets projects that 8.3 million BTC, or 42% of the Bitcoin supply, will be illiquid by 2032. Summary Fidelity Digital Assets projects that 42% of the BTC supply will be illiquid by 2023 Public companies and long-term holders will likely account for the majority of these holdings If the projections are true, they will have a significant impact on the price of Bitcoin Bitcoin may become scarcer than ever, according to investment giant Fidelity. On Tuesday, September 16, Fidelity Digital Assets published a report on the potential state…

Digital Asset Treasuries Face mNAV Collapse, Standard Chartered Warns

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The boom in digital asset treasury (DAT) companies — fueled by the success of Strategy’s Bitcoin-buying — has shone a spotlight on cryptocurrencies such as Bitcoin, Ether and Solana. However, that spotlight has dimmed in recent weeks as the market net asset values (mNAVs) of many DATs collapsed, exposing smaller firms to growing risks, Standard Chartered warned Monday. In the world of DATs, mNAV measures the ratio of a company’s enterprise value to the value of its cryptocurrency holdings. An mNAV above 1 allows a firm to issue new shares…

Galaxy Digital Accumulates $1.2B+ in Solana, Price Soars

Key Notes Galaxy Digital scoops up 1.2 million Solana in a single day, worth $306 million. Total Solana purchases reached 6.5 million coins in five days. Solana is trading close to $236, gaining 25% over the past month despite a slight daily dip. Galaxy Digital has bought another 1.2 million Solana SOL $236.3 24h volatility: 4.0% Market cap: $128.24 B Vol. 24h: $10.83 B , worth about $306 million, in the past 24 hours. The new move adds to a buying spree that has seen the investment firm secure nearly…

Galaxy Digital Solana Buys Top $1.5B With $385M Weekend Haul

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Digital assets investment firm Galaxy Digital has bought $306 million worth of Solana in a single day after teaming up with investment firm Multicoin Capital and trading firm Jump Crypto to create a so-called crypto treasury company. Galaxy scooped up 1.2 million Solana (SOL) on Sunday from multiple exchanges and sent them to the crypto custody firm Fireblocks, according to blockchain data reported by Lookonchain. It extends a Solana buying spree from Galaxy since Wednesday, which has seen it buy up over $1.5 billion worth of the token. On Thursday,…

Franklin Templeton & Binance Join Forces on Digital Assets

Key Notes Franklin Templeton, a $1.6T asset manager, and Binance, with 275 million users, have announced a strategic partnership to develop digital asset products. The collaboration combines Franklin Templeton’s compliance expertise with Binance’s massive trading volume to bridge traditional and crypto finance. The move comes as Binance works to improve its regulatory standing and Franklin Templeton competes with rivals like BlackRock and Fidelity. Investment manager Franklin Templeton and Binance, the world’s largest crypto exchange with over 275 million users, announced a partnership on September 10 to develop new digital asset…

Galaxy Digital Withdraws $40M SOL as TVL Soars on Solana

Key Notes Galaxy Digital withdrew $40M worth of SOL, signaling strong conviction in Solana’s growth. Solana DeFi TVL reached $12.35B, a new all-time high in USD terms. Jupiter Lend has rapidly grown to $600M TVL, cementing Jupiter as the top Solana protocol. Galaxy Digital withdrew $40 million worth of Solana SOL $224.3 24h volatility: 3.4% Market cap: $121.63 B Vol. 24h: $10.24 B from Binance and Coinbase on September 10, signaling a strong conviction in the token’s long-term value. The move comes as Solana’s decentralized finance (DeFi) ecosystem breaks new…