Day: October 8, 2025

Market Structure Bill Still on Track, Despite Shutdown

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Wisconsin Representative Bryan Steil, one of the original cosponsors of the House of Representatives’ crypto market structure bill, the CLARITY Act, said Republicans’ timeline of passing the legislation before 2026 was still the plan, despite the ongoing government shutdown. In a Wednesday CNBC interview, Steil said Republicans’ plan for passing legislation to establish what they called regulatory clarity for the digital industry was still on track. Party leaders in the Senate pledged to have the chamber’s version of the bill signed into law by 2026, but as the government shutdown…

BNB Chain hits $5.6M in daily fees, its second-highest level in three years

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Key Takeaways BNB Chain reached $5.6M in daily fees, its second-highest level in three years. Meme coin launches and perpetual DEX growth are fueling record activity. Share this article BNB Chain recorded $5.6 million in daily fees today, marking its second-highest level in the past three years. The network led all blockchains in 24-hour fees during October 2025, surpassing TRON, Solana, and Ethereum. Increased activity from meme coin launches has fueled network demand, driving higher transaction volumes and fee generation. BNB Chain is also seeing rising participation in perpetual futures…

Meanwhile, Bitcoin Life Insurer, Secures $82M to Meet Soaring Demand for Inflation-Proof Savings

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Hamilton, Bermuda, 7th October 2025, Chainwire [PRESS RELEASE – Hamilton, Bermuda, October 7th, 2025] Funding round co-led by tier one global investors, Bain Capital Crypto and Haun Ventures with Pantera Capital and additional participation from Apollo, Northwestern Mutual Future Ventures, and Stillmark. Funding will accelerate global access to BTC-denominated life insurance, annuities, savings and insurance bonds through institutional partners, protecting policyholders worldwide from inflation and currency risk Meanwhile is regulated by the Bermuda Monetary Authority, a premier global financial regulator, and offers savings and protection products in BTC, the…

Useless Coin jumps 27% on Solana as smart money inflows surge

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Key Takeaways Useless Coin rose 27% in 24 hours on Solana amid heavy smart money buying. The surge is attributed to significant smart money buying activity, drawing public and social media attention. Share this article Useless Coin, a meme coin on the Solana blockchain, surged 27% today amid heavy smart money activity. On-chain data shows smart money wallets recording significantly higher buy-side activity than selling, signaling strong accumulation from informed traders. The meme coin now holds a market capitalization of about $361 million. The spike reflects continued speculative momentum across…

Phantom unveils new explore feature for web token discovery

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Key Takeaways Phantom has launched its Explore feature on web browsers, broadening discovery of crypto tokens beyond mobile. Users can now search and view trending crypto assets directly via browser. Share this article Phantom, a multi-chain crypto wallet, today launched its Explore feature on web browsers, expanding token discovery capabilities beyond its mobile app. The new web-based Explore tab allows users to search and view trending crypto assets directly through their browser. Phantom recently updated its mobile app to enable real-time monitoring of new token launches, creating a cross-platform discovery…

US Senate Confirms Treasury Official as Government Shutdown Continues

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A majority of lawmakers in the US Senate voted to confirm Jonathan McKernan as Under Secretary for Domestic Finance at the Department of the Treasury. In a Tuesday vote of 51 to 47, the Senate confirmed McKernan to the US Treasury, serving under Secretary Scott Bessent. Though the US government has been shut down since lawmakers failed to pass a bill extending funding beyond Sept. 30, Congress can essentially continue to operate. McKernan, nominated to the Treasury by US President Donald Trump in June, has previously suggested opposition to debanking…

North Dakota, Fiserv launch Roughrider stablecoin

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The Bank of North Dakota is entering the stablecoin market with Roughrider Coin, a US dollar–backed cryptocurrency developed in partnership with payments firm Fiserv. According to a Wednesday announcement, the token will be available to banks and credit unions in North Dakota in 2026 and is designed to support interbank transactions, merchant payments, and cross-border money movement. Fiserv reportedly processed an estimated 35 billion merchant transactions in 2022. Its digital asset platform was introduced in June alongside a “white-label” stablecoin for banks. Roughrider Coin will operate on this system and…

Pendle Grows an Additional $318 Million TVL Just 4 Days After Plasma Launch

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Singapore, Singapore, 7th October 2025, Chainwire [PRESS RELEASE – Singapore, Singapore, October 7th, 2025] Pendle Finance, the world’s biggest yield trading platform in crypto, has recorded an astonishing infusion of $318 million in Total Value Locked (TVL), just four days after launching on Plasma. This milestone cements Pendle’s adaptability to quickly expand and provide its services to new chains with high market demand for capital efficient, yield‑based strategies. Liquidity Acceleration: $318M in 4 Days In the first 96 hours after its Plasma deployment, Pendle attracted $318 million in new…

Bitcoin Buying Pressure Continues to Build Above $120K

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Key takeaways: Bitcoin’s net taker volume has rebounded from extremely bearish to neutral levels. Onchain and market data indicate controlled profit-taking, not panic selling. Binance data shows Bitcoin’s strongest buying momentum since July. Bitcoin (BTC) price stabilized above $120,000 after sharply correcting from its all-time high on Tuesday. As buyers step back in, spot and derivatives markets appear to be converging toward a more balanced state, providing a stronger foundation for the next move higher. Bitcoin four-hour chart. Source: Cointelegraph/TradingView According to CryptoQuant, the medium-term trend in derivatives markets has…

Polymarket founder Shayne Coplan Defies the odds

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Shayne Coplan, the founder of prediction market Polymarket, is once again in the limelight, as prediction markets shift from regulatory bans in the United States to legitimate financial markets with institutional backing. Bloomberg named Coplan among the world’s billionaires following a $2 billion investment in Polymarket by New York Stock Exchange parent Intercontinental Exchange (ICE). Coplan launched the platform in 2020 when he was 21 after dropping out of New York University. He often worked on the platform from the bathroom in his New York apartment, he said. Coplan’s makeshift…