Category: Bitcoin News

CIRO Formalizes Interim Crypto Custody Framework in Canada

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The Canadian Investment Regulatory Organization (CIRO) has formalized its interim framework governing the custody of crypto and tokenized assets. The move outlined how dealer members are expected to safeguard client holdings while permanent crypto-specific rules remain under development. In a Tuesday notice, CIRO said the framework sets out its supervisory expectations for investment dealers operating crypto trading platforms, including custody limits, segregation standards, reporting obligations and tiered requirements for third-party crypto custodians. The self-regulatory organization said the framework operates through binding terms and conditions of membership, rather than through amendments…

Ethereum L2 Builders Debate Scaling Role After Vitalik’s Rollup Rethink

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Several layer-2 builders responded after Ethereum co-founder Vitalik Buterin said the original vision of L2s as the primary scaling engine “no longer makes sense,” calling for a shift toward specialization. In a Wednesday post, Buterin argued that many L2s have failed to fully inherit Ethereum’s security due to continued reliance on multisig bridges, while the base layer is increasingly capable of handling more throughput via gas-limit increases and future native rollups. The comments prompted responses from Ethereum layer 2s, who broadly agreed that rollups must evolve beyond being cheaper versions…

Ethereum L2 Builders Debate Scaling Role After Vitalik’s Rollup Rethink

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Several layer-2 builders responded after Ethereum co-founder Vitalik Buterin said the original vision of L2s as the primary scaling engine “no longer makes sense,” calling for a shift toward specialization. In a Wednesday post, Buterin argued that many L2s have failed to fully inherit Ethereum’s security due to continued reliance on multisig bridges, while the base layer is increasingly capable of handling more throughput via gas-limit increases and future native rollups. The comments prompted responses from Ethereum layer 2s, who broadly agreed that rollups must evolve beyond being cheaper versions…

Tether Cuts $20B Funding Plan Amid Investor Caution: Report

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Tether, the issuer of USDt — the largest stablecoin by market capitalization — has reportedly scaled back an ambitious $20 billion funding plan announced last fall amid investor skepticism. The company’s advisers have suggested reducing the raise to as little as $5 billion, the Financial Times reported on Wednesday, citing anonymous sources familiar with the matter. Tether CEO Paolo Ardoino downplayed earlier reports that the company aimed to raise between $15 and 20 billion, calling them a “misconception.” “That number is not our goal. It’s our maximum we were ready…

Aave Shutters Avara Brand and Family Crypto Wallet

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Aave Labs says it is sunsetting its “umbrella brand” Avara in the company’s latest move to refocus on decentralized finance and simplify its branding. Aave founder and CEO Stani Kulechov posted to X on Tuesday that Avara, a company encompassing projects including the Family crypto wallet and previously the social media platform Lens, “is no longer required as we go all in on bringing Aave to the masses.” Kulechov said the Apple iOS-based Family crypto wallet was also being wound down as the team has “learned that onboarding millions of…

Polymarket, Kalshi Give Free Groceries Amid Prediction Market Boom

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Two leading prediction market platforms, Polymarket and Kalshi, have both turned to giving away groceries amid a fight for dominance in the fast-growing prediction markets space. Kalshi offered a $50 grocery giveaway to over 1,000 people in Manhattan on Tuesday, while competitor Polymarket announced plans to open a free grocery store starting next week. Thousands have already picked up their free Kalshi groceries! We are being told we’ve already inspired other companies to keep up the initiative! 2 more hours to get yours Westside Market | 84 3rd Ave. NYC…

Payward Revenues Jump 33% as Traders Flock to Kraken

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Crypto exchange Kraken’s parent company, Payward, reported 33% revenue growth in 2025 as transaction volumes rose and the business capitalized on its acquisitions. The company’s revenues rose to $2.2 billion last year, up from $1.6 billion in 2024 due to “broad-based performance across trading and asset-based businesses,” with total transaction volumes rising 34% over the year to $2 billion, Kraken co-CEO Arjun Sethi said in a report on Tuesday. He added that revenues were “well balanced,” with around 47% coming from trading-based revenue and 53% from asset-based and other revenues.…

Bitcoin’s Next Step May Depend On US Credit And Debt Conditions

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Bitcoin (BTC) scratched new lows below $73,000 on Tuesday as data shows troubling macroeconomic challenges bubbling below increasingly volatile markets. New data highlights tightening credit conditions, even as the US debt and borrowing costs stay elevated, and one analyst says this gap between credit pricing and credit market stress may define Bitcoin’s price trajectory for the upcoming months. Key takeaways: The ICE BofA US Corporate Option-Adjusted Spread is at 0.75, its lowest level since 1998. US debt stands at $38.5 trillion, while the 10-year Treasury yield is 4.28%. Bitcoin whale…

Trump Expected to Sign Bill to End Partial US Government Shutdown

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The US House of Representatives approved a bill on Tuesday that will fund most of the government through the end of September. Lawmakers in the US House of Representatives have approved a bill that will mostly reopen the government after a four-day partial shutdown. In a Tuesday House vote of 217 to 214 in favor of the bill, the chamber approved a roughly $1.2 trillion package already passed by the Senate that will ​​fund most of the US government through Sept. 30. The measure passed with some support from Democrats,…

Bitcoin Lacks Strength for $80K Retest as Gold, Silver Edge Higher

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Bitcoin (BTC) returned to range-bound moves on Tuesday as gold returned near the key $5,000 mark. Key points: Bitcoin trades sideways as gold and silver attempt to reclaim prior losses. Analysis remains split over how the Bitcoin versus gold relationship will play out next. Bitwise CIO says that the latest “crypto winter” is closer to over. $80,000 Bitcoin price stays out of reach Data from TradingView showed BTC price action shying away from a retest of $80,000, now functioning as resistance. BTC/USD one-hour chart. Source: Cointelegraph/TradingView BTC/USD displayed familiar indecisiveness…