Category: Bitcoin News

Kazakhstan’s central bank is launching a pilot project to issue a new stablecoin pegged to the local fiat currency in collaboration with Solana and Mastercard. The National Bank of Kazakhstan announced the launch of a stablecoin project within the framework of its Digital Assets Regulatory Sandbox, according to a statement shared with Cointelegraph on Tuesday. The new Evo (KZTE) stablecoin is pegged to the Kazakhstani tenge currency and is issued by sandbox participant Intebix crypto exchange and local lender Eurasian Bank, with assistance from Solana and Mastercard. Based on the…

Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem.  ETHZilla chairman and CEO McAndrew Rudisill said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and tokenizing real-world assets.  “We believe our business model is highly scalable, with significant fixed operating leverage and recurring positive cash flow.”   A growing number of digital asset companies are moving past…

A group of Democratic senators in the US Congress has signaled its intention to work with Republicans on advancing legislation to establish a digital asset market structure framework. In a Friday statement, 12 Democrats, including members of the Senate Banking Committee and Senate Agriculture Committee, issued a statement ahead of an expected vote on a crypto market structure bill pushed by Republican leadership. “We hope our Republican colleagues will agree to a bipartisan authorship process, as is the norm for legislation of this scale,” the statement reads. “Given our shared…

Binance co-founder Changpeng “CZ” Zhao’s edutech venture, Giggle Academy, managed to amass over a million dollars in public donations within half a day, thanks mainly to a memecoin.  Giggle Academy’s donation address showed a balance of over 1,311 BNB (BNB) worth over $1.3 million at the time of writing, according to the BNB Smart Chain scan tool BscScan, after opening for donations on Sunday. A large portion of the donations came through a memecoin called “Giggle,” which was launched by the Giggle Fund, which has been sending trading fees charged…

Key takeaways: BNB faces short-term correction risks but maintains a strong bullish structure above the trendline. Breakout patterns and onchain optimism point to upside targets of $1,250–$1,565 by year-end. BNB (BNB) has jumped over 10% this weekend, outpacing a largely stagnant crypto market that remained flat. BNB/USDT four-hour price chart. Source: TradingView With momentum diverging from its peers and in price discovery, the question is, can the Binance-linked token push even higher? BNB faces “overbought” risks in September BNB’s latest rally has pushed the relative strength index (RSI) on the…