Author: Kryptonews

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…

Naver Financial, the fintech arm of South Korean tech conglomerate Naver, is reportedly forging ahead with a plan to acquire Dunamu, which operates the country’s largest crypto exchange, Upbit, amid plans for a stablecoin project and expansion into the digital finance sector.Naver will acquire Dunamu by making it a subsidiary via a share exchange, and board meetings to approve the stock swap will happen soon, South Korean news agencies Yonhap News and Chosun reported on Thursday, citing industry sources. Naver and Dunamu didn’t immediately respond to a request for comment. Naver is often called the “Google of South Korea,” and is…

Ethereum remains one of the most closely watched assets in crypto markets, with analysts continuing to set price targets around $7,000 ETH by 2026. The narrative is strengthened by strong institutional inflows into Ethereum ETFs, robust Layer-2 growth, and its indispensable role in DeFi and tokenization. Despite competition from Solana, Ethereum has maintained its dominance thanks to developer activity and its expansive network effect. Still, traders are paying close attention to other opportunities riding the same wave of ETF-driven liquidity. Solana (SOL) is showing resilience with adoption metrics accelerating, while MAGACOIN FINANCE is capturing speculative flows from retail traders searching…

South Korea’s Naver is said to be moving close to a landmark deal that would give the internet giant control over Upbit, the country’s largest cryptocurrency exchange, according to local reports.Naver Financial, the company’s fintech arm, is in advanced talks with Upbit operator Dunamu, to carry out a comprehensive stock swap. Under this plan, the structure would see Naver issue new shares to acquire stakes from Dunamu’s existing shareholders. Both sides are now finalizing the swap ratio for the unlisted stock, Chosun Daily reported Thursday.In practice, a stock swap allows two companies to exchange shares instead of cash, creating a…