MoonPay, Agora Coalition Challenges Stripe For USDH Issuance

Stripe is facing pushback in its bid to issue Hyperliquid’s planned USDH stablecoin, as a coalition of crypto firms, including MoonPay, Agora and Rain lined up competing proposals alongside Paxos and Frax. In a Friday Discord message, the Hyperliquid team announced it wants to create a “Hyperliquid-first, Hyperliquid-aligned, and compliant USD stablecoin” with the USDH…

Ethereum Revenue Drops but Analysts Say Network Still Strong

A Messari analyst sparked heated debate over the weekend after declaring Ethereum is “dying” as network revenue declined in August. In an X post on Saturday, Messari research manager AJC stated that “Ethereum’s fundamentals are collapsing,” as Ethereum’s revenue from fees in August was $39.2 million, down over 40% year-over-year and approximately 20% month-over-month. Source:…

SEC Approval Of Listing Standards Can Mainstream Crypto ETFs

Opinion by: Margaret Rosenfeld, chief legal officer of Everstake For years, the approval of crypto exchange-traded funds (ETFs) has been one of the most contested battles in financial regulation. The first applications for a Bitcoin (BTC) ETF date back more than a decade. Only in early 2024, after repeated denials and a court battle that…

Can XRP Outperform Bitcoin Further This Bull Cycle?

Key takeaways: XRP (XRP) has outperformed Bitcoin (BTC) by nearly 300% since US President Donald Trump’s election to a second term in November, with tailwinds from Ripple’s SEC lawsuit settlement and growing spot ETF speculation fueling the rally. XRP/BTC weekly price chart. Source: TradingView The key question is whether XRP can keep outperforming Bitcoin as…

Forward Industries Secures $1.65B Solana Treasury Raise

Nasdaq-listed design and manufacturing company Forward Industries secured $1.65 billion in cash and stablecoin commitments to launch a Solana-focused crypto treasury strategy.  The company said Monday that it raised the largest Solana (SOL) treasury to date, led by crypto-native companies Galaxy Digital, Jump Crypto and Multicoin Capital. Other participants included C/M Capital Partners, which is…

SEC Approval Of Listing Standards Can Mainstream Crypto ETFs

Opinion by: Margaret Rosenfeld, chief legal officer of Everstake For years, the approval of crypto exchange-traded funds (ETFs) has been one of the most contested battles in financial regulation. The first applications for a Bitcoin (BTC) ETF date back more than a decade. Only in early 2024, after repeated denials and a court battle that…

A Nasdaq-Listed Firm Raises $1.65B to Launch Solana Treasury, Shares Surge 128%

Forward Industries (NASDAQ: FORD) has raised $1.65 billion in cash and stablecoin commitments through a private investment in public equity (PIPE) led by Galaxy Digital, Jump Crypto, and Multicoin Capital, marking the largest Solana-focused treasury financing to date. The firm’s shares jumped 128% in pre-market trading, while SOL rose by 2.3% following the announcement The…

Germany Missed $5B Bitcoin in Piracy Case, Says Arkham

German authorities may have missed around 45,000 Bitcoin tied to the movie piracy site Movie2K, meaning there could be another $5 billion worth of Bitcoin that could eventually be seized and sold.  Crypto intelligence platform Arkham said on Friday that it found more than 45,000 Bitcoin (BTC) that “still remains in wallets belonging to Movie2K,”…

Ethereum Stablecoin Supply Hits Record $165B With Daily $1B

Ethereum added around $5 billion in new stablecoins over the past week, pushing the total supply of stablecoins on the network to an all-time high.  The stablecoin supply on Ethereum has more than doubled since January 2024 and has reached an all-time high of $165 billion, Token Terminal reported on Sunday.  Figures vary slightly depending…

FTX EU Buyer Backpack Goes Live In Europe

Backpack EU, the owner of FTX EU — the former European arm of the defunct exchange FTX — is launching operations after settling with the Cyprus Securities and Exchange Commission (CySEC). Backpack EU, registered with the CySEC as Trek Labs Europe, announced on Monday the launch of its perpetual futures platform in Europe, the company…