Day: October 17, 2025

CZ Fires Back at Peter Schiff’s Latest Bitcoin Criticism

admin

CZ hits back at Peter Schiff’s “brutal bear market” warning, dismissing the gold advocate’s Bitcoin criticism as short-sighted and historically insignificant. Binance co-founder Changpeng Zhao (CZ) has pushed back against Peter Schiff’s latest prediction for Bitcoin. This is after the economist’s recent warning of a “brutal” bear market looming over the digital asset. Critic Mocks BTC’s Fall Schiff, a well-known Bitcoin critic, said via X that the cryptocurrency’s 32% decline since August against gold shows that investors are losing confidence in its long-term value. “Gold is eating Bitcoin’s lunch.…

Ondo Urges SEC to Delay Nasdaq’s Tokenized Stock Plan

admin

Ondo Finance urged the US Securities and Exchange Commission (SEC) to delay or reject Nasdaq’s proposal to trade tokenized securities, saying it lacks transparency and could give established market players an unfair edge. In a Wednesday letter to the regulator, Ondo — a blockchain company that issues tokenized versions of traditional assets — said regulators and investors can’t fairly evaluate Nasdaq’s proposal without public details on how the Depository Trust Company (DTC) will handle blockchain settlements. DTC serves as the main depository for US securities and facilitates their post-trade settlement.…

MegaETH repurchases 4.75% equity from pre-seed investors ahead of token sale

admin

Key Takeaways MegaETH has repurchased 4.75% of its equity and token warrants from pre-seed investors. The move marks a strategic shift toward community-driven funding, away from traditional venture capital models. Share this article MegaETH, a blockchain layer-2 project focused on real-time DeFi infrastructure, today repurchased 4.75% equity and token warrants from its pre-seed investors. The buyback reflects MegaETH’s strategic pivot toward community-driven funding models rather than traditional venture capital structures. The project has shifted toward public sales and community distributions to prioritize fair access for retail participants. MegaETH is preparing…

CME to launch event contracts, challenging Kalshi and Polymarket

admin

Key Takeaways CME Group is entering the prediction markets industry by launching event contracts through a new partnership with FanDuel. This move challenges existing platforms like Kalshi and Polymarket by bringing CME’s traditional financial infrastructure to entertainment-based event betting. Share this article CME Group, a major derivatives exchange operator, is partnering with FanDuel to launch event-based financial contracts, marking the traditional finance giant’s entry into the prediction markets space. The collaboration positions CME to distribute new contracts through FanDuel’s platform, bringing traditional exchange infrastructure to entertainment-driven betting markets. FanDuel’s parent…

Tether releases open-source wallet development kit for global self-custody

admin

Key Takeaways Tether has launched an open-source Wallet Development Kit (WDK) aimed at supporting global self-custody. The toolkit supports development for Bitcoin, Lightning Network, and multiple stablecoins, including USD₮ and XAU₮. Share this article Tether, a stablecoin issuer, today released an open-source Wallet Development Kit (WDK) designed to enable developers to create self-custodial wallets supporting Bitcoin, Lightning, and various stablecoins. The toolkit facilitates the development of wallets for humans, machines, and AI systems, emphasizing self-custody and integration with assets including USD₮ and XAU₮. The WDK aligns with Tether’s broader mission…

North Korea Hackers Embed Sophisticated Code Exploit in Smart Contracts

admin

North Korean hackers have adopted a method of deploying malware designed to steal crypto and sensitive information by embedding malicious code into smart contracts on public blockchain networks, according to Google’s Threat Intelligence Group. The technique, called “EtherHiding,” emerged in 2023 and is typically used in conjunction with social engineering techniques, such as reaching out to victims with fake employment offers and high-profile interviews, directing users to malicious websites or links, according to Google. Hackers will take control of a legitimate website address through a Loader Script and embed JavaScript…

CryptoQuant sees Bitcoin open interest variation hit 2025 low, nearing extreme fear region

admin

Key Takeaways Open interest variation in crypto derivatives markets has hit its lowest point in 2025, as per CryptoQuant analysis. This metric nearing the ‘extreme fear region’ is significant as it historically aligns with Bitcoin price bottoms and market sentiment shifts. Share this article Open interest variation hit a 2025 low today, approaching the extreme fear region according to CryptoQuant analysis, signaling potential market sentiment shifts in crypto derivatives markets. The metric tracks changes in outstanding crypto derivative contracts and recently gained attention for signaling potential trend reversals during Bitcoin’s…

Babylon Enables Native Bitcoin Collateral in DeFi: Finance Redefined

admin

Bitcoin infrastructure company Babylon Labs claimed to have developed a system that enables native Bitcoin to be used as collateral for borrowing assets on Ethereum. Babylon Labs co-founder and Stanford University professor David Tse said on Wednesday that the company built a proof-of-concept that allows native Bitcoin to be used “trustlessly” as collateral for loans on Ethereum.  The comments follow a white paper release from the company, revealing a Bitcoin trustless vault system that leverages Bitcoin smart contract verification BitVM3 to lock BTC in per-user vaults. Here, withdrawals are gated…

What This Bitcoin (BTC) Correction Really Signals

admin

This isn’t another meltdown, new analysis says that Bitcoin’s 2025 pullback is a healthy reset in a market. Bitcoin (BTC) came under renewed selling pressure on Thursday as it slid below the $105,000 mark. The latest market downturn has reignited comparisons to earlier cycles. But on-chain data suggests the 2025 landscape is structurally stronger than in 2020 or 2021. Same Shock, New Bitcoin Unlike past corrections, when exchange reserves surged as investors rushed to sell, CryptoQuant said that today’s balances remain near decade lows. This reflected a leaner supply…

Bitcoin, Altcoins Continue Sell-off: Is Uptober Over?

admin

Key points: Bitcoin is finding buying support below the $107,000 level, but the relief rally is likely to be sold into. Several altcoins have reached strong support levels, but the lack of a solid rebound suggests the downward pressure may continue for a while. Bitcoin (BTC) remains under pressure as bears attempt to maintain the price below the strong $107,000 support level. The fall indicates a negative sentiment, with dip buyers staying away due to credit concerns in US regional banks. However, Bitwise analysts said in their weekly crypto market…