Category: Bitcoin News

JPMorgan Tokenizes Private-Equity Fund On Its Own Blockchain

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Major US investment bank JPMorgan has reportedly tokenized a private-equity fund on its own blockchain platform, rolling out the tokenized product to its high-net-worth clients. JPMorgan plans to tokenize assets, such as hedge funds, through its upcoming fund tokenization platform, Kinexys Fund Flow, The Wall Street Journal reported on Thursday. “For the alternative investments industry, it’s just a matter of time that a blockchain-based solution is going to be adopted,” JPMorgan’s asset management arm’s executive Anton Pil said. According to the report, JPMorgan expects a broader rollout of Kinexys Fund…

Bear Trap or $3,500? Ethereum Analysts Cast Doubt on ETH price Recovery

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Key takeaways: Ether consolidated around $4,000 as the lack of futures demand and weak ETF flows suggest the absence of bullishness.  Declining Ethereum network fees and activity suggest lower onchain demand. Analysts warn of a drop to $3,500 if the support at $4,000 is not reclaimed shortly.  Ether (ETH) has oscillated around $4,000 for the past two weeks, a consolidation period following its flash crash below $3,500 on Oct. 11. Ether traders are now assessing the likelihood of further bullish momentum after the US Federal Reserve confirmed a 0.25% interest…

Bank Indonesia to Launch ‘Stablecoin Version’ Backed by Government Bonds

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Bank Indonesia (BI), Indonesia’s central bank, is moving ahead with plans to issue what it describes as its “national stablecoin version,” a digital currency backed by government bonds (SBN). The initiative was unveiled by central bank Governor Perry Warjiyo during the Indonesia Digital Finance and Economy Festival and Fintech Summit 2025 in Jakarta on Thursday, according to a report by CNBC Indonesia. During the summit, Warjiyo said Bank Indonesia plans to issue digital central bank securities, which are tokenized versions of SBN. The digital securities will be backed by the…

What Does It Mean for Bitcoin Price?

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Key takeaways: Bitcoin ETFs saw $839 million in inflows while gold ETFs lost $4.1 billion. Historical patterns suggest an 8.3% gold rebound ahead. BTC is holding strong above a technical support, eyeing $150,000 by year’s end. Gold’s shine is fading fast, just as its “digital” rival, Bitcoin (BTC), recovers lost ground. Just a week after notching a record above $4,381, the precious metal has retreated by more than 10.60%, sinking to as low as $3,915 on Thursday, its steepest seven-day drop since April. XAU/USD vs. BTC/USDT daily chart comparison. Source:…

Trump Memecoin Issuer in Talks to Acquire Republic’s US Operations

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Fight Fight Fight, the company behind the President Donald Trump-linked memecoin, is reportedly in discussions to acquire the US operations of investment platform Republic.com. If finalized, the deal could open the door for Republic users to transact using the Official Trump (TRUMP) memecoin, while giving crypto startups a new avenue to raise capital, Bloomberg reported on Wednesday, citing people familiar with the matter. One source told the outlet that the discussions remain private but involve multiple potential partners. Fight Fight Fight and CIC Digital, an affiliate of The Trump Organization,…

Frax, IQ Launch Korean Won Stablecoin on Base

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Crypto protocol Frax and AI agent platform IQ have partnered to launch a Korean won stablecoin on the Coinbase-linked Base blockchain. In a statement viewed by Cointelegraph on Thursday, the two companies launched KRWQ, the first fully-backed won stablecoin on Base, alongside a trading pair with the US dollar stablecoin USDC (USDC) on the Aerodrome exchange. The pair also claims KRWQ is the first multichain won-denominated stablecoin, as the token can be transferred across multiple networks using services from crosschain protocols LayerZero and Stargate Finance. South Korea has been ramping…

Bitcoin ETFs See Major Outflows as BTC Price Dips to $108,000

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US-listed spot Bitcoin exchange-traded funds (ETFs) shed $470 million on Wednesday as the price of Bitcoin briefly fell to $108,000 before recovering, according to data from Farside Investors.  Fidelity’s FBTC led the exodus with $164 million, followed by ARK Invest’s ARKB, which saw a pullback of $143 million. BlackRock’s IBIT rounded out the top three with $88 million in outflows. Grayscale’s GBTC also recoded $65 million in outflows, while Bitwise’s Bitcoin ETF BITB saw a relatively minor loss of $6 million. The drawdown has come after a few days of steady…

DRW Holdings and Liberty City Reportedly In Talks For $500M Canton Fund

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Trading firm DRW Holdings and venture capital firm Liberty City Ventures are reportedly seeking to raise around $500 million for a publicly listed digital asset treasury that will hold the Canton Network’s native token, Canton Coin. According to a report from Bloomberg, citing unnamed sources, DRW Holdings and Liberty City Ventures will contribute the majority of the funds as Canton Coin (CC), while external investors are expected to contribute between $100 million and $200 million.  The specifics could change, however, as the sources suggested that the deal hasn’t closed yet. …

Digital euro launch Eyed for 2029 as ECB Advances CBDC plans

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The European Central Bank is reportedly aiming to launch its digital euro in 2029, provided a legal framework can be hammered out. Officials working on the central bank digital currency will continue to lay the groundwork after the current preparation phase concludes this month, Bloomberg reported on Wednesday, citing people familiar with the matter. ECB officials have been exploring a potential rollout of the digital euro since 2020, entering the preparation phase in late 2023 as part of their plans.  Preparatory work is expected to continue at a meeting this…

Ethereum Foundation Launches Website To Onboard Wall Street

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The Ethereum Foundation has launched a new website designed to onboard more institutions by providing clear pathways for businesses to move from traditional finance to the Ethereum ecosystem.  In an X post on Wednesday, the Ethereum Foundation unveiled “institutions.ethereum.org,“ developed by its Enterprise Acceleration team with the aim of showcasing the network and helping guide businesses that are adopting Ethereum.  “Ethereum is the neutral, secure base layer where the world’s financial value is coming onchain. Today, we’re launching a new site for the builders, leaders, and institutions advancing this global…