Category: Bitcoin News

Cypherpunk Launches with Winklevoss Backing, $50M Zcash Push

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Shares of Leap Therapeutics (Nasdaq: LPTX) surged more than 170% in early trading on Wednesday after the company announced a shift to a crypto treasury strategy. The company announced its rebranding as Cypherpunk Technologies (Nasdaq: CYPH) and adoption of a digital asset treasury strategy focused on Zcash (ZEC), the native token of the Zcash protocol. The biotech company used $50 million from a $58.88 million private placement led by Winklevoss Capital to purchase 203,775 Zcash (ZEC) at an average price of $245.37 per token, marking a move away from biotechnology…

How Ripple Plans to Bridge Crypto and Wall Street: Inside Its $4B Expansion

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Key takeaways:  Ripple is spending about $4 billion to combine prime trading, treasury tools, payments and custody into a single integrated setup. RLUSD trials aim to settle real card payments and corporate payouts onchain, then sync results back into ERP and TMS systems. To scale, Ripple needs strong controls with clear reserves, strict compliance checks and transparent accounting rules. Success will show in the data through faster settlements, lower costs and consistent real-world volume every day. Ripple is positioning itself for a bigger role in traditional finance. In an interview…

SEC Chair Pledges No ‘Lax Enforcement’ on Crypto under Market Structure

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US Securities and Exchange Commission Chair Paul Atkins spoke on how the regulator would handle enforcement of digital asset fraud under its “Project Crypto” initiative and legislation pending in Congress. In prepared remarks for a speech on Wednesday at the Federal Reserve Bank of Philadelphia, Atkins provided details about the agency’s plans to modernize its approach to regulating digital assets. According to Atkins, the agency plans to consider “establishing a token taxonomy” in the coming months, “anchored” in the Howey test — the standard by which the SEC evaluates securities…

BTC Dips as Stocks, Gold Rally Ahead of Key US House Vote

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US stock markets soared on Wednesday as investors anticipated the upcoming US House vote on a bill to end the government shutdown. Bitcoin (BTC), on the other hand, fell from an intra-day high of $105,300 to a weekly low near $101,200, marking a 3.4% decline. Key Takeaways: Bitcoin dropped 3.4% amid renewed flows into equities and precious metals. The DOW gained 423 points, hitting a fresh intraday high ahead of the US shutdown vote in the US House of Representatives. Bitcoin four-hour chart. Source: Cointelegraph/TradingView Market dynamics between Bitcoin and…

ETH Price is Close to a Breakout for 25% Gains

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Ethereum’s native token, Ether (ETH), is “seconds away” from entering a convincing breakout stage, according to analyst Kamran Asghar. Key takeaways: Ethereum is nearing a breakout from a falling wedge, with a target of $4,400. A bullish crossover in Ethe’s MACD indicator supports the short-term upside outlook. ETH price may rise above $4,400 by mid-December As of Wednesday, ETH painted a textbook falling wedge structure while its Moving Average Convergence Divergence (MACD) indicator signaled a bull cross. The falling wedge typically suggests that bearish momentum is fading. In Ether’s case,…

Crypto Markets ‘Buckle Up’ as US Government Shutdown Ends

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Crypto market observers are preparing for price movements as the historical US government shutdown seems within sight. The US government is still technically shut down as of publishing time, but a continuing resolution that would fund critical government services through January has made its way from the Senate to the House of Representatives. The shutdown affects a number of vital federal functions, including the ability for securities and commodities regulators to approve crypto listings. Lawmaking has also ground to a halt, with the possibility of the crypto framework bill passing…

Coinbase will Incorporate in Texas, Citing ‘Legal Climate’

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Cryptocurrency exchange Coinbase will reincorporate to Texas from Delaware, a move highlighting the respective states’ legal and regulatory environments. In a Wednesday X post, Coinbase Chief Legal Officer Paul Grewal said the crypto exchange would move its incorporation to Texas. In a Wall Street Journal op-ed, Grewal wrote that the climate in Delaware’s courts had become “rife with unpredictable outcomes,” while Texas offered “efficiency and predictability.”  “This decision was not made lightly, but we’ll always do what’s best for our customers, our employees, and our shareholders,” said Grewal. Source: Paul…

XRP Price Cycle Target Remains $30: Analysts Explain Why

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XRP’s (XRP) price fell 44% to $2.06 from its multi-year high of $3.66 reached on July 18, before recovering to current levels around $2.43. Is it finally headed for a deeper correction, or is there a more substantial rally in the cards? Key takeaways: XRP’s macro outlook is bullish, with some predictions calling for a $30 top. Multiple bullish catalysts include the likely approval of spot XRP ETFs in the US. XRP’s macro outlook remains bullish XRP price action reveals a consolidation within a symmetrical triangle on the monthly chart, suggesting that…

BNB Chain Among 16 Networks That Can Freeze Assets: Bybit

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A security research team at the major crypto exchange Bybit has identified 16 blockchain networks that are technically capable of freezing or restricting user funds. Bybit’s Lazarus Security Lab on Tuesday released a report examining the impact of the fund freezing ability across multiple blockchains, analyzing a total of 166 networks. Using AI-driven analysis combined with manual review, the Bybit security team found that networks like Binance-backed BNB Chain are hardcoded with freezing functions. The analysts also reported that the Cosmos chain is among 19 networks that could potentially introduce…

Sonic Labs Announces US Expansion, Business Pivot To Grow S Token Value

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Sonic Labs, the organization behind the Sonic layer-1 blockchain, announced a major strategic shift as it pivots from emphasizing transaction speed to building long-term business value and token sustainability. After claiming industry-leading performance last year, Sonic Labs said its next chapter will focus on upgrades that deliver measurable financial outcomes, including new Ethereum and Sonic Improvement Proposals (EIPs and SIPs), token supply reductions and revamped rewards for network participants. “Every decision we make moving forward will be guided by the principles of building real value, with price, growth, and sustainability…