Author: James Wilson

Circle has cited more than 175 financial institutions helping build Circle Payments Network after the stablecoin payments service won bronze in the Payments category at the Money20/20 Money Awards. Summary Circle cited 175+ financial institutions supporting CPN after winning bronze at the Money20/20 Money Awards. Earlier disclosures listed 175 enrolled institutions, without establishing how many were actively processing payments. CPN reported $14.7 billion in annualized transaction volume at the end of Q2 2026. Visa and Mesh announced wallet-based spending plans, while Mastercard introduced stablecoin risk screening. Circle said in its award announcement that the institutions were helping make CPN a…

Bitcoin has drawn a warning of a third October liquidation wave from Bitfinex analysts after futures positions grew despite falling prices, and U.S. spot ETFs posted another $228.4 million in weekly outflows. Summary $228.4 million left U.S. Bitcoin ETFs during Oct. 12–16, down 66.4% from the previous week. Bitfinex reported 4.3% growth in futures open interest between Oct. 12 and 15 despite falling prices. HashKey researcher Tim Sun expects consolidation as leveraged buying weakens and long-term demand remains insufficient. ViaBTC’s Jeff Ko sees easing selling pressure, while DWF Labs describes continued investor caution. Bitfinex Alpha analysts identified $79,821 as a…

Every stablecoin yield product answers the same awkward question.Your USDC doesn’t appreciate. It’s engineered not to. So when a platform offers you 4%, 8%, or 20% on a dollar-pegged token, that money is coming from somewhere specific — and the “somewhere” is the only thing that matters. Most comparison posts rank these by headline APY. That’s exactly backwards. A 12% yield funded by a sustainable market mechanism is a completely different product from a 12% yield funded by token emissions that run out in six months. So this ranking does it the other way round. Six ways to earn yield…

Figure co-founder Mike Cagney has said 10 companies have opted out of stock tokenization on OKXICE, questioning the proposed venue’s appeal without leverage or stock lending. Summary 10 companies have opted out, according to Cagney, but the examined venue notice identifies nine. SEC rules prohibit qualifying venues from extending credit to participants for tokenized stock purchases. Cagney questioned the product’s appeal while acknowledging a possible advantage through OKX’s distribution. Qualifying stock tokens must preserve shareholder rights, distinguishing them from products offering only price exposure. Mike Cagney, in an Oct. 19 X post supplied for this report, put the tally at…

SkyAI has sold its entire Solana treasury and launched a cash tender offer worth up to $201.3 million, offering shareholders $3 per share despite a major investor’s demand for a higher price. Summary $223.8 million in reported cash will fund an offer worth up to $201.3 million. 95% of each eligible share and warrant class is covered by the tender offer. $3 per share remains below Bastion Trading’s requested price of at least $3.50. Oct. 29 is the stated expiration date, unless the company changes the offer. SkyAI’s Oct. 19 announcement says the Nasdaq-listed company held $223.8 million in cash…

Hyperliquid’s HYPE has become Multicoin Capital’s largest hedge-fund position as the investment firm has reaffirmed its focus on crypto over standalone artificial intelligence investments. Summary HYPE ranks as Multicoin’s largest hedge-fund holding, with its position size undisclosed. Multicoin’s June research already identified HYPE among its largest liquid-fund investments. September wallet reports tracked Multicoin-linked transfers to Coinbase Prime without confirming completed sales. Paradigm’s expanded investment mandate retains crypto alongside artificial intelligence and robotics. Bloomberg reported that Spencer Applebaum, Multicoin’s general partner and co-head of venture investments, identified HYPE as the fund’s largest holding without disclosing its size. Multicoin’s largest HYPE position…

Bitmine Immersion Technologies has raised its Ethereum holdings to 6.04 million ETH after buying another 12,535 tokens, even as Ethereum struggles to recover above $2,500 following its recent market decline.  Summary Bitmine increased its Ethereum holdings to 6.04 million ETH after purchasing another 12,535 tokens during the week. The company reported $15.1 billion in combined holdings, including cryptocurrency, cash, securities and strategic investments. Ethereum traded near $2,422 despite a modest daily recovery, with prices down approximately 4.8% weekly overall. Bitmine has staked 5.07 million ETH, representing nearly 84% of its reported Ethereum treasury holdings currently. Ethereum faces resistance near $2,545,…

Strive has purchased another 1,223 Bitcoin for approximately $100 million, raising its total holdings to 36,818 BTC as the Nasdaq-listed company continues expanding its cryptocurrency treasury through a series of acquisitions. Summary Strive has added 1,223 Bitcoin at $81,734 per coin, lifting its treasury holdings to 36,818 BTC. The latest acquisition cost approximately $100 million, bringing the company’s Bitcoin holdings above $3 billion in value. Three recently announced purchases added 7,356 BTC, increasing Strive’s holdings by roughly 25% in eight days. Strive completed its traditional warrant exercise period while preparing to settle a $630 million preferred stock offering. The company…

BNB Chain has completed its 37th quarterly token burn, removing 1,646,196.44 BNB worth approximately $1.197 billion as the cryptocurrency trades near $725 and continues struggling below key technical resistance. Summary BNB Chain completed its 37th quarterly burn, permanently removing approximately 1.65 million BNB from circulation today. The burn’s $1.197 billion valuation exceeded July’s total, while the token quantity increased approximately 1.88%. BNB ranks fourth by market capitalization, trading near $725 despite continued weakness in technical momentum indicators. BNB’s remaining supply stands near 131.51 million, leaving approximately 31.51 million tokens above its long-term target. Technical indicators identify 700–703 as immediate support,…

XRP has recovered to $1.31 with a nearly 2% daily gain, even as US spot XRP exchange-traded funds recorded their first weekly withdrawals in 14 weeks and exchange reserves reached elevated levels. Summary XRP climbed nearly 2% to $1.31, although its weekly losses remained above seven percent overall. US spot XRP ETFs recorded $1.84 million in withdrawals, ending thirteen consecutive weeks of net inflows. CryptoQuant reported 11.81 billion XRP on exchanges, alongside declining leverage and weaker whale trading activity. Analyst Ali Martinez identified $1.25 as critical support, with $1.56 needed to confirm renewed upward momentum. XRP Ledger payment volume dropped…