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Crypto fintech firm Ripple has announced a significant strategic investment of $500 million, valuing the company at $40 billion. This substantial funding round comes on the heels of a remarkable surge in the price of XRP, the cryptocurrency co-founded by Ripple's creators. The investment underscores growing confidence in Ripple's business strategy and the broader digital asset market. Read more

In a landmark transaction, UBS and Chainlink have successfully completed the first on-chain redemption of a tokenized fund. This significant achievement utilizes Chainlink's Digital Transfer Agent (DTA) and underscores the growing integration of blockchain technology within the massive global fund industry, estimated at $100 trillion. Read more

Hinkal, a privacy-focused blockchain company incubated at Stanford, has launched the Invisible Wallet, a new cryptocurrency wallet designed to shield users' on-chain transaction histories. This innovative wallet aims to provide a higher degree of privacy for digital asset interactions, allowing users to engage with decentralized applications without exposing their financial activities. Read more

A sophisticated malware campaign has been detected targeting bitcoinlib, a widely-used open-source Python library essential for creating and managing Bitcoin wallets. The malicious packages, disguised as fixes for transfer errors, aimed to steal sensitive database files and drain user funds. This incident highlights the growing threat of software supply chain attacks within the cryptocurrency space. Read more

Renowned crypto analyst Willy Woo has expressed confidence that MicroStrategy, a major holder of Bitcoin, will not face liquidation of its digital asset holdings even if the cryptocurrency experiences another significant bear market. This prediction comes amid ongoing discussions about the financial stability of companies heavily invested in Bitcoin. Read more

Bitcoin's price momentum appears to be waning, leading many analysts to question the previously optimistic forecasts for the cryptocurrency's performance in 2025. Recent sharp declines and signs of distribution from long-term holders suggest a potential cooling-off period, with some experts predicting further downside if key support levels are not reclaimed. Read more

Semiconductor company Sequans experienced a significant drop in its share price, falling over 16%, following the sale of 970 Bitcoin. This strategic move was undertaken to reduce its convertible debt by half, a decision the company described as a "strategic asset reallocation" aimed at unlocking shareholder value. Read more

Omid Malekan, a blockchain author and adjunct professor at Columbia Business School, argues that crypto treasury companies have significantly contributed to the ongoing decline in cryptocurrency prices. He contends that these firms, often established with the primary goal of acquiring digital assets, have inadvertently created a "mass extraction and exit event," driving prices downward. Read more

Bitcoin's price is currently at a critical juncture, with technical indicators suggesting a potential confirmation of a bear market. Traders are closely monitoring key support and resistance levels as the cryptocurrency navigates a period of uncertainty, influenced by macroeconomic factors and chart patterns. Read more

The decentralized exchange (DEX) Sun Wukong, the first of its kind with a Chinese brand, has achieved a remarkable trading volume exceeding $3.6 billion in less than a month since its launch on October 9th. This rapid surge in activity highlights a potential resurgence of interest in cryptocurrency among Chinese investors, even amidst existing trading bans. Read more

The Ethereum Foundation (EF) has significantly revamped its Ecosystem Support Program (ESP), moving away from an open application model to a more targeted approach. This strategic shift aims to better align funding with defined ecosystem priorities and long-term development goals, ensuring greater impact and efficiency in supporting the Ethereum network's growth. Read more

The cryptocurrency advocacy group Coin Center has submitted an amicus brief in the ongoing criminal trial of two brothers accused of exploiting the Ethereum blockchain for profit. The brief directly challenges the prosecution's central theory of "honest validation," arguing it misinterprets the technical realities of blockchain consensus and imposes an unjustified legal standard. Read more

Brazil and Hong Kong have successfully completed a pilot program for cross-border trade settlement utilizing blockchain technology and Chainlink's interoperability solutions. This initiative, part of Brazil's Drex digital currency project and Hong Kong's Project Ensemble, demonstrated the potential for distributed ledger technology to streamline international commerce by enabling real-time, automated transactions between the two financial systems. Read more

Ripple has announced the acquisition of Palisade, a crypto wallet and custody technology firm. This strategic move aims to enhance Ripple's custody capabilities, enabling it to better serve fintechs, crypto-native companies, and traditional corporations. The acquisition is part of Ripple's broader strategy to drive mainstream crypto adoption, particularly by leveraging corporate interest. Read more