Bitcoin faced a swift correction below the $125,000 level after reaching a new all-time high of $126,200 on Monday, triggering widespread volatility across the market. The price retraced over 4% to around $120,000, liquidating millions in leveraged positions as traders anticipated further upside. The move caught many off guard, especially after days of strong momentum and renewed optimism that Bitcoin was preparing to enter another price discovery phase. Related Reading Despite the pullback, key on-chain data reveals a contrasting trend beneath the surface — a massive accumulation by US investors.…
Tag: Launch
Ethena Labs, Jupiter Partner to Launch JupUSD Stablecoin on Solana
Key Notes The collaboration aims to strengthen Jupiter’s product ecosystem while reducing cross-blockchain friction for users. Ethena’s USDe has reached nearly $15 billion in market cap, representing five percent of the total stablecoin market. Industry executives predict substantial stablecoin market expansion driven by favorable regulatory developments and institutional interest. Ethena Labs, a decentralized protocol, and Jupiter, a decentralized exchange (DEX) aggregator built on the Solana blockchain, announced the upcoming launch of JupUSD, a Solana-native stablecoin backed by USDtb. JupUSD is currently under development and is slated to launch towards the…
BNB Chain and YZi Labs Launch $1 Billion Fund to Support Blockchain Builders
Joerg Hiller Oct 08, 2025 14:13 BNB Chain, in collaboration with YZi Labs, has unveiled a $1 billion Builder Fund aimed at supporting blockchain innovators and enhancing the BNB ecosystem. In a significant move to bolster innovation within the blockchain sector, BNB Chain, in partnership with YZi Labs, has announced the launch of a $1 billion Builder Fund. This initiative aims to empower current and future developers leveraging BNB Chain’s infrastructure, according to BNB Chain. Focus on Long-term Innovation The Builder Fund…
Canary’s Litecoin, HBAR ETFs Ready to Launch After Shutdown
Asset manager Canary Capital appears to be on the cusp of having its Litecoin and HBAR exchange-traded funds (ETF) approved after filing key final details, but they’re unlikely to launch while the US government is shut down. Canary filed amendments to its Litecoin (LTC) and Hedera (HBAR) spot ETFs on Tuesday, which each added a fee of 0.95% and the tickers LTCC and HBR. Bloomberg ETF analyst Eric Balchunas said in an X post on Tuesday that the additions are “typically the last thing updated [before] go-time.” He added that…
S&P Global to Launch Digital Markets 50 Index With 15 Cryptos, 35 Crypto-Related Stocks
Key Notes The benchmark will combine 15 digital currencies with 35 publicly traded crypto company stocks covering infrastructure and blockchain applications. Dinari’s tokenized product aims to provide unified access to US equities and digital assets through blockchain-based dShares platform. Major exchanges including Coinbase and Robinhood expand tokenized securities while TradFi giants like CME and Nasdaq pursue crypto integration. S&P Global, responsible for the S&P 500 and the Dow Jones consolidated indices, has announced the launch of the S&P Digital Markets 50 Index and a potential token tracking the benchmark for…
Gaming giants in talks with Immutable to launch token: Web3 Gamer
More multibillion-dollar gaming giants to jump into crypto soon: Immutable co-founder Robbie Ferguson spoke to Cointelegraph at Token2049 in Singapore. (Cointelegraph) Gaming giants who once treated crypto like a shady mystery are now stampeding to get in on the action, according to Immutable co-founder Robbie Ferguson. “I can tell you right now, we’re in conversations with multibillion-dollar gaming companies about them launching a token, which we would have been laughed out of those rooms 12 months ago,” Ferguson tells Magazine during a sit-down interview at Token2049 in Singapore. Ferguson says…
Streamex Stock Jumps on Gold-Backed Stablecoin Launch
Streamex Corp. saw its stock surge over 20% on Monday after announcing a pre-sale for its upcoming gold-backed stablecoin, GLDY. The digital asset, designed to generate an annualized yield of up to 4.0%, will open for qualified investors on or before Nov. 10. The GLDY token offers exposure to physical gold bullion with yield paid in ounces of gold, targeting institutional investors, the company announced on Monday. The stablecoin is part of Streamex’s broader mission to tokenize real-world commodities through digital instruments. “The launch of GLDY represents a major evolution…
India to Launch RBI Digital Currency for Faster, Safer Payments
Key Notes India is planning to launch an RBI-backed digital currency. The initiative aims to ensure transparency and curb illegal transactions. Minister Piyush Goyal says the new system will work like regular money but on blockchain. India is preparing to debut its own digital currency backed by the Reserve Bank of India (RBI) guarantee, like normal currency. The initiative is part of India’s growing focus on integrating blockchain technology into its financial ecosystem. Union Minister of Commerce and Industry Piyush Goyal announced that the move aims to make transactions faster,…
Fasset Approved to Launch Stablecoin-Powered Islamic Digital Bank
Fasset received a provisional license from Malaysia’s Labuan Financial Services Authority (FSA) to launch what the company said is the first stablecoin-powered “Islamic digital bank.” The license allows Fasset, an all-in-one financial super app, to operate within a regulated sandbox focused on Shariah-compliant financial products, the company said in a Tuesday news release. “We can now combine the credibility of a global banking institution with the innovation of a fintech insurgent that’s fully halal,” Fasset CEO Mohammad Raafi Hossain said. Islamic finance refers to the financial system based on Islamic…
Joseph Lubin Breaks Silence on MetaMask Token Launch
Key Notes Joseph Lubin stated on X that MetaMask incentive rewards were an early prototype. Though yet to go live, he also admitted that the vision behind the is very real. MetaMask had previously launched its stablecoin dubbed MetaMask USD (mUSD). Consensys’ co-founder and CEO Joseph Lubin recently acknowledged the ongoing discussions about a MetaMask incentive reward. However, he clarified that the situation is not exactly as it is being interpreted by members of the community. The crypto boss set the record straight by explaining the true nature of the…