Kazakhstan is preparing to create a national cryptocurrency reserve fund worth between $500 million and $1 billion, as reported by Bloomberg. According to the report, the fund is expected to become operational by early 2026.
Cardano co-founder Charles Hoskinson has weighed in on the stunning surge of Zcash (ZEC), a leading privacy-focused cryptocurrency. According to CoinMarketCap, ZEC climbed from a mere $40.42 on September 1 to $619 at the time of publication.
Bitwise Asset Management has updated its regulatory filing for its spot Dogecoin ETF, clearing the way for a launch before the end of November. In a post on X (formerly Twitter), Bloomberg ETF analyst Eric Balchunas stated that Bitwise removed a “delaying amendment” from its S-1 registration.
Cathie Wood, founder and CEO of ARK Invest, has revised her long-term outlook for Bitcoin, lowering her 2030 price target by $300,000. Specifically, Wood now expects the world’s largest cryptocurrency to reach about $1.2 million, as opposed to her earlier prediction of $1.5 million.
The Institute of Technology and Renewable Energies (ITER), a public research body under the Tenerife Island Council, is preparing to sell its decade-old Bitcoin holdings, according to Spanish outlet El Día. ITER reportedly acquired 97 Bitcoin in 2012 for roughly $10,000 as part of a blockchain research project.
Robinhood Markets has not yet decided whether to buy and hold cryptocurrencies such as Bitcoin as part of its corporate assets. The discussion remains ongoing within the company, said Shiv Verma, Robinhood’s vice president of finance and strategy, during the firm’s third-quarter earnings call on Wednesday.
President Donald Trump’s crypto and AI adviser, David Sacks, said on Thursday that discussions on the U.S. crypto market structure bill are showing “great progress.” In a post on X, Sacks expressed confidence that a bipartisan draft of the legislation would be ready in the near future.
Global payments leader Mastercard is partnering with Gemini and Ripple to explore how RLUSD stablecoins can be used to settle traditional card payments on the XRP Ledger (XRPL). The companies announced the initiative on Wednesday, describing it as a first for regulated U.S.
In a landmark ruling, the Madras High Court has recognized cryptocurrencies, including XRP, as property under Indian law. The judgment, issued by Justice N.
A brief but powerful comment from SpaceX CEO Elon Musk sparked a sharp rally in the DOGE-1 token early this week. Responding to a post by Dogecoin enthusiast DogeDesigner, who resurfaced Musk’s 2021 pledge that SpaceX would “put a literal Dogecoin on the literal moon”, Musk replied: “It’s time.” The two-word message instantly set off speculation that the long-awaited DOGE-1 lunar mission might be nearing launch.
A once-unbeatable crypto trader has seen his fortune reversed after a sharp market correction turned a $33 million profit into losses exceeding $26 million, ending a near-perfect trading streak. The well-known crypto trader, identified by the on-chain wallet 0xc2a3, has suffered a major setback following the sharp decline in digital asset prices.
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