Author: Kryptonews

Circle, the world’s second-largest stablecoin issuer, is reportedly examining reversible transactions to help recover funds from fraud and hacks, which appears to counter one of crypto’s founding principles: That transactions are final and beyond centralized control.Circle president Heath Tarbert told the Financial Times on Thursday that the company is examining mechanisms that could allow transactions to be rolled back in cases of fraud or hacks, while still maintaining settlement finality.“We are thinking through [. . .] whether or not there’s the possibility of reversibility of transactions, right, but at the same time, we want settlement finality,” Tarbert told the FT. “So there’s an inherent…

An ETH$4,027.42 whale took a multi-million dollar loss on its bullish bet on Thursday after the cryptocurrency’s price dipped below $4,000 for the first time since Aug. 8.The whale address labelled 0xa523 had its leveraged bullish position worth 9,152 ETH ($36.4 million) forcibly liquidated by the decentralized exchange Hyperliquid, according to blockchain analyst Lookonchain. This liquidation pushed the whale’s total losses beyond $45 million, leaving its balance below $500,000.Ether’s price hit a low of $3,983 during the Asian hours as the broader cryptocurrency market, including BTC$111,955.12, wilted amid an increased likelihood of a U.S. government shutdown this year.About $100 million…

M2 Capital Limited, the investment arm of UAE-based M2 Holdings, has invested $20 million in Ethena’s governance token, ENA. The move underscores a push to connect Middle Eastern investors with new digital asset infrastructure at a time when the region is seeking a larger role in global finance.Ethena is best known for its crypto-native synthetic dollar, USDe, and its reward-bearing version, sUSDe. Both are backed by crypto collateral and maintained through hedging strategies designed to reduce volatility. The protocol has attracted more than $14 billion in deposits since launching in 2024, reflecting appetite for stablecoin-like products that also generate yield.M2…

Key Takeaways Nine major European banks, including ING, Banca Sella, KBC, Danske Bank, and UniCredit, plan to launch a euro-denominated stablecoin. The consortium has been formed and is headquartered in the Netherlands, where it is seeking a license as an e-money institution supervised by the Dutch Central Bank. Share this article Nine European banks announced plans today to launch a euro-denominated stablecoin. The consortium includes major financial institutions ING, a Netherlands-based multinational bank, Banca Sella, KBC, Danske Bank, and UniCredit.The stablecoin launch aligns with the EU’s Markets in Crypto-Assets (MiCA) framework, fully effective since December 2024.Euro stablecoin trading volume has…

Under pressure from exchange-traded fund outflows and macro headwinds, Ethereum fell below the $4,000 mark for the first time since early August.  Summary Ethereum price drops below $4K for first time since August. Spot ETH ETFs see $79.4M outflow for third straight day. Whales accumulate $862M in ETH, hinting at possible rebound. Ethereum was trading at $3,988 at press time, down roughly 4% from the previous day. The asset has retreated 13% in the past week, is down 10% over the past month, and sits 19% below its all-time high of $4,946 set on Aug. 24. The drop forced more…

Australian fitness equipment maker Fitell fell 21% on Wednesday after announcing it bought more than 46,000 Solana (SOL) for around $10 million.The Nasdaq-listed company closed Wednesday’s trading session at $6.65, only making a mere increase of 0.15% and closed the after-hours session at $6.66, according to Google Finance.Shares of Fitell dropped to $6.65 at the end of Wednesday’s trading session. Source: Google Finance.Fitell is now at least the fifth company this week that has seemingly disappointed its shareholders with crypto buying. Earlier this week, shares of Medical device company Helius Medical Technologies dropped by nearly 34% after it purchased around $175…

Key Takeaways:Franklin Templeton’s Benji Technology Platform is now integrated on the BNB Chain, allowing tokenized investment products to reach more institutional and retail investors globally.The Benji platform, with over $732 million in tokenized assets, aims to expand access to regulated, blockchain-powered financial products while prioritizing security and compliance.The collaboration between Franklin Templeton and BNB Chain strengthens the platform’s ability to deliver faster transactions and reduced fees to users.Franklin Templeton is a financial giant that operates with more than $1.6 trillion dollars and is already taking a big step in the field of blockchain innovations. By September 24, 2025, the Benji…

Australian fitness equipment maker Fitell fell 21% on Wednesday after announcing it bought more than 46,000 Solana (SOL) for around $10 million.The Nasdaq-listed company closed Wednesday’s trading session at $6.65, only making a mere increase of 0.15% and closed the after-hours session at $6.66, according to Google Finance.Shares of Fitell dropped to $6.65 at the end of Wednesday’s trading session. Source: Google Finance.Fitell is now at least the fifth company this week that has seemingly disappointed its shareholders with crypto buying. Earlier this week, shares of Medical device company Helius Medical Technologies dropped by nearly 34% after it purchased around $175…

Australia’s Treasury announced Thursday that crypto exchanges and other digital asset platforms will soon be required to obtain an Australian Financial Services License (AFSL) and comply with strict new conditions. Companies that breach these requirements could face penalties of up to 10% of their annual revenue. The Australian Transaction Reports and Analysis Centre’s data shows roughly 400 crypto exchanges registered with the Australian watchdog, the Australian Securities and Investments Commission, but only a fraction are actively operating. Mulino says the licensing framework will support the growth of the crypto industry In a consultation, the Treasury said the draft legislation would…

The Metropolitan Opera House has always been a monument to grandeur. Its soaring arches, glittering chandeliers, and plush red carpets were designed to enshrine the high drama of Verdi, Wagner, and Puccini. This fall, however, those same spaces will be transformed into something at once more grounded and more fantastical: an exhibition in which contemporary artists, cartoonists, and provocateurs present their visions of a superhero for the 21st century. The exhibition, titled “Super Duper,” spreads across the lobbies and foyers of the temple of high culture. The red carpets still lead patrons up the Opera House’s grand staircase, but the…