Ledn Tops $1B in Bitcoin Loans as Crypto Lending Surges

Digital asset lender Ledn has reported a record quarter for its Bitcoin-backed credit products, as more investors chose to borrow against their holdings amid the ongoing crypto bull market. The company originated $392 million in Bitcoin (BTC)-backed loans during the third quarter, pushing year-to-date originations past $1 billion. Since its inception, Ledn has issued more than $2.8 billion in total loans across over 100 countries, the company said. Ledn also reported generating approximately $100 million in annual recurring revenue. The company provides fully collateralized loans, with Bitcoin collateral held in…

Will Bitcoin Fall First and Explode Later?

Bitcoin holds $115K after breakout. Traders eye $111K–$113K pullback zone before a possible move to new ATHs as dormant BTC reactivates. Bitcoin continues to trade above $115,000 after breaking a key resistance in the past few days. With the Federal Reserve’s next policy meeting approaching, attention has shifted to a potential pullback. Traders are watching the $111K–$113K area as a possible support zone. The current setup could offer a new entry before the next leg up. BTC Holds Above Breakout Zone Bitcoin crossed the $112,000 level late last week,…

Citigroup collaborates with Coinbase to explore stablecoin payments

Key Takeaways Citigroup, a major US bank, and Coinbase, a leading crypto exchange, are collaborating to explore stablecoin payment solutions for institutional clients. The initiative aims to leverage stablecoins to enhance cross-border and enterprise payment systems, making transactions more efficient. Share this article Citigroup, a major US bank, has partnered with Coinbase, a leading crypto exchange platform, to explore stablecoin payment solutions for institutional clients. The collaboration aims to leverage stablecoins, digital assets pegged to fiat currencies, for enhanced cross-border and enterprise payment systems. Citi Ventures has backed BVNK, a…

IBM’s Crypto Platform To Bolster TradFi, Governmental Blockchain Adoption

Technology giant IBM launched a cryptocurrency platform for US institutions, marking one of the company’s strongest pushes yet into digital assets and blockchain infrastructure. IBM’s platform will offer US businesses and governments crypto custody and payment services by the end of the year, aiming to simplify the integration of digital assets into the existing financial infrastructure. The new platform, called the “Digital Asset Haven,” will enable institutions to directly access onchain yield from decentralized finance (DeFi) protocols across 40 public blockchain networks. It will also help meet the complex token…

Altcoins Endure Record-Breaking Bear Market

After nearly four years of pain, Michaël van de Poppe says altcoins are gearing up for their biggest breakout yet. October has been brutal for crypto assets at one point, as sharp price swings and fear continued to dominate the market. But the altcoin market may be on the verge of a long-awaited resurgence after enduring what crypto analyst Michaël van de Poppe calls “the longest bear market ever.” Altcoin Winter Is Ending? In a recent analysis, van de Poppe noted that altcoins have suffered nearly four years of…

Pundit Says XRP Price Risks Crash Below $1, Here’s Why

Crypto analyst Bobby A is warning that the XRP price may face trouble soon. He says the large monthly chart is showing weak signs, and this could mean the market is turning bearish again. The analyst thinks the price might need to drop further before it can move higher.  Bearish Signals Showing On The XRP Price Monthly Chart Bobby A says the big XRP chart does not look healthy right now. He explains that many important monthly indicators are crossing bearishly. He says XRP is trading below the 1.618 level,…

MetaMask rumored to have registered domain for claiming tokens as airdrop chatter rises

Key Takeaways There is growing speculation that MetaMask has set up a new domain for token claims. Anticipation for a MetaMask token is high, driven by the historical precedent of major platforms rewarding their early and active users. Share this article MetaMask, a prominent Ethereum wallet provider, is rumored to have registered a domain specifically for token claims. A new website appearing under the address “claim.metamask.io” has sparked speculation that the established crypto wallet may be preparing for token distribution. The page presently displays an “Authentication Required” message with a…

Canada Could Unveil Stablecoin Rules in Federal Budget: Report

The Canadian federal government is reportedly preparing new rules for stablecoins, with an update potentially coming in next week’s federal budget, signaling that more countries may follow the United States’ lead after the landmark passage of the GENIUS Act. Citing people familiar with the discussions, Bloomberg reported Monday that government officials have been meeting with regulators and industry stakeholders for several weeks. The update on stablecoin regulation could be unveiled as early as Nov. 4, when Finance Minister François-Philippe Champagne presents the federal budget. Canada lacks a comprehensive legal framework…

BNB Foundation completes 33rd quarterly burn, destroying $1.6B in BNB

Key Takeaways BNB Foundation has completed its 33rd quarterly token burn, destroying $1.6 billion worth of BNB. Quarterly burns are determined by the BNB Auto-Burn formula, reducing BNB supply and increasing scarcity. Share this article BNB Foundation, an organization managing governance and token burns for the BNB Chain ecosystem, completed its 33rd quarterly burn today, destroying over 1.4 million BNB tokens worth $1.6 billion at current market prices. BNB Chain implements a deflationary tokenomics structure, including a quarterly Auto-Burn based on a transparent formula and a real-time burn of transaction…

How Changpeng Zhao Regained Power Between Prison and Pardon

Binance co-founder Changpeng “CZ” Zhao has spent the past year rebuilding influence after serving four months in prison for violating US Anti-Money Laundering (AML) rules. Binance paid a $4.3-billion penalty fine; Zhao himself paid a $50-million criminal fine. He also received a lifetime ban from holding an executive position at the exchange. Over the year that followed his release in September 2024, Zhao resurfaced with government advisory roles. He moved memecoins with his X posts and fended off claims by The Wall Street Journal that he was courting influence through…