Day: September 14, 2025

Cryptocurrencies Will Modernize The Entire Capitalist System

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Calling crypto “Web 3.0”, the third layer of the internet that enables permissionless asset ownership on the Web, “undermines” crypto’s true significance, which is a complete overhaul of the capitalist system, according to Mert Mumtaz, CEO of remote procedure call (RPC) node provider Helius.  Mumtaz said that crypto supercharges all the necessary ingredients for capitalism to function properly, including the free flow of information in a decentralized way, immutable property rights, incentive alignment, transparency, and “frictionless” capital flows. Mumtaz added: “Crypto’s endgame will be that it fundamentally evolves the most…

Native Markets Takes Home The Prize, Secures USDH Ticker After Heated Race

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Native Markets, one of the teams that submitted a proposal to issue and manage the Hyperliquid crypto exchange’s US dollar stablecoin (USDH), officially claimed the USDH ticker on Sunday, following a community vote. The project will deploy the inaugural Hyperliquid Improvement Proposal (HIP) for USDH and an ERC-20 token, the token standard for the Ethereum network, in the coming days, Max Fiege, founder of Native Markets, said in an X post. He also outlined the next steps: “We will then start with a testing phase for mints and redeems of…

Capital Group Grows Bitcoin Bet to $6B Through Treasury Stock Surge

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Capital Group, a 94-year-old mutual fund powerhouse known for its conservative investment approach, has grown a $1 billion position in Bitcoin-related stocks into more than $6 billion. Mark Casey, a portfolio manager with 25 years at Capital Group, led the firm’s move into Bitcoin. Casey, who describes his investment style as shaped by Benjamin Graham and Warren Buffett, has become an advocate for Bitcoin (BTC), according to a Sunday report by The Wall Street Journal. “I just love Bitcoin, I just think it is so interesting,” Casey said during a…

The Truth About Wallets, Exchanges, and Taxable Events (Exclusive Interview)

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Crypto taxation has long been a source of confusion, and with the IRS placing digital assets front and center on tax forms, clarity has never been more important. From the introduction of Form 1099-DA to new requirements for brokers, ETFs, and eventually DeFi platforms, the coming changes will redefine how individuals and institutions navigate their crypto tax obligations. In this interview, Lawrence Zlatkin, Vice President of Tax at Coinbase, outlines what these changes mean, the common misconceptions investors should avoid, and the strategies that can help taxpayers stay compliant while…

Blockchain Will Transform Football’s Broken Transfer System

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Opinion by: Przemysław Kral, CEO of zondacrypto The football transfer market has long been seen as a world of discrete backroom deals and negotiations. The transfer window brings immense excitement to supporters wanting to see how clubs prepare for the season ahead.  It’s not always smooth sailing, given the huge capital requirements and tight deadlines the clubs face to complete the deals. There is an option that could overcome these issues.The answer has come to the fore in recent years, and the football industry is beginning to embrace it. Football…

Yala’s Bitcoin-Backed YU Stablecoin Struggles to Reclaim Peg After Exploit

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Yala’s Bitcoin-backed stablecoin YU has failed to regain its dollar peg following an “attempted attack” early Sunday that sent the token plummeting to $0.2046. The Yala team confirmed the incident in a post on X, noting that it “briefly impacted YU’s peg.” The team added that they are working with blockchain security firm SlowMist and other security partners to investigate the breach. “Update: All funds are safe. Bitcoin deposited to Yala remains self-custodial or in vaults, with none lost,” the team wrote in their latest post on X. “We’ve identified…

Bitcoin Fills Its $117K CME Gap Amid Talk of Price Discovery Next

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Key points: Bitcoin futures markets fill a CME gap from mid-August, the latest sign of market strength. Bulls must avoid turning that level into resistance, or new local lows await, analysis says. BTC price all-time highs could come in a matter of weeks. Bitcoin (BTC) hit a key price target on Saturday as analysis went on record to predict fresh all-time highs. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin price outlook mixed with CME gap done Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spot hitting $116,800 on Bitstamp. However,…

PUMP Soars 22% in a Day as Bitcoin Holds Steady at $116K: Weekend Watch

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Bitcoin’s gradual price recovery over the past week or so saw some resistance at $116,000, and the asset has failed to reclaim that level decisively. Expectedly for a weekend trading, most altcoins are quite sluggish with little to no moves in either direction. However, there are a few exceptions. BTC Keeps Calm at $116K The aforementioned price recovery began at the start of the current month when bitcoin slumped to a multi-week low of just over $107,000. The asset tested that support on a couple of occasions in just a…

Crypto Exec Says Expect Tickerless US dollar Stablecoins in the Future

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Dollar-pegged stablecoins will eventually lose their price tickers, as exchanges abstract away the differently denominated stable tokens on the backend, presenting only a “USD” option to the user, according to Mert Mumtaz, CEO of remote procedure call (RPC) node provider Helius.  The bidding war for the Hyperliquid USD stablecoin (USDH), and proposals from several firms promising to give 100% of the yield back to Hyperliquid, revealed that the stablecoin sector has become “commoditized,” Mumtaz said.  Mumtaz added that he expects many companies to issue their own stablecoins and many existing…

Ripple’s XRP Returns to Top 100 Global Assets by Market Cap as Bitcoin Battles Silver

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After a brief hiatus, Ripple’s native token has returned to the top 100 global assets by market cap as its own has jumped to roughly $185 billion. At the same time, bitcoin has lost some ground to silver, and it’s currently in the 8th position. Ripple Is Back CryptoPotato reported back on August 23 that XRP had found a place within the aforementioned ranking, as, at the time, it had become the 99th biggest asset on CompaniesMarketCap. The following few weeks were quite turbulent for the entire cryptocurrency market, and…