Author: Kryptonews

Key NotesInvestment firm formerly known as Binance Labs strengthens position in synthetic stablecoin provider amid sector growth.Funding will drive USDe adoption through exchange partnerships, BNB Chain expansion, and institutional settlement solutions.ENA token experiences 24% decline from recent highs despite strategic backing, trading around $0.67 currently. YZi Labs, formerly Binance Labs, a major digital asset investment firm, announced today, September 19, that it has boosted its stake in Ethena Labs following the rapid expansion of Ethena’s synthetic stablecoin, USDe, which recently surpassed $14 billion in market capitalization. The move solidifies YZi Labs’ role as a key institutional backer of Ethena and…

The Ethereum price has spent the past weeks stuck in a wide consolidation zone, testing bullish momentum as analysts anticipate its next big breakout. One market expert has highlighted a critical level for ETH, suggesting that as long as the second-largest cryptocurrency can hold above this level, its path to surpassing the $5,000 milestone remains intact.  Ethereum Price Faces Critical Level At $4,400 According to market expert Daan Crypto Trades on X social media, Ethereum’s recent price action has been choppy following two slow weeks of trading. The analyst’s chart shows that ETH has oscillated between $4,100 and $4,800, with…

The Bank of Japan (BOJ) spooked markets Friday by announcing it will begin unwinding its $250 billion in exchange traded funds (ETFs) and Japanese Real Estate Investment Trusts (JREITs), assets it accumulated since 2010 as part of its ultra-loose monetary policy. Under the plan, the central bank will sell ETFs with a book value of ¥330bn ($2.2 billion) annually, equivalent to ¥620bn ($4.2 billion) at market prices. BOJ Governor Kazuo Ueda stressed the pace would be deliberately slow, noting it would take more than a century to fully dispose of the holdings.The announcement came alongside a decision to hold the…

Binance founder Changpeng Zhao has backed Aster (ASTER), a new decentralized derivatives platform that aims to challenge Hyperliquid’s dominance in the sector.In a Sept. 19 post on X, Zhao revealed that Aster had become the largest holder of BSC-USDT, apart from Binance’s own hot wallet.According to Arkham Intelligence data, Aster’s wallet holds $131 million in USDT, trailing Binance’s $236 million.That update came just one day after he praised the project’s Token Generation Event (TGE), describing it as a strong beginning and urging its developers to continue building.His visible support added momentum to a token launch already drawing industry-wide attention.What is…

Corporate cryptocurrency treasuries continued their growth trajectory this week, as publicly listed US companies continued announcing plans to raise hundreds of millions for altcoin treasury reserves.On Monday, Nasdaq-listed Helius Medical Technologies announced the launch of a $500 million corporate treasury initiative built around the Solana token (SOL), signaling more corporate crypto adoption.A day later, Standard Chartered’s venture arm, SC Ventures, announced plans to raise $250 million in capital for a digital asset investment fund, set to launch in 2026 and backed by Middle East investors with a focus on global investment opportunities.On the regulatory front, the US Securities and Exchange…

The U.S. Treasury Department is pushing forward with a narrow comment window on its preliminary, formal efforts to solidify the recently established stablecoin law into a set of regulations.This arm of President Donald Trump’s administration has opened what’s known as an “advance notice of proposed rulemaking” on Friday, which is an early step taken to gather information that will be used to put together an actual proposal. In this case, the government is asking for data on building out its requirements under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS) Act, including prohibitions on issuers, sanctions obligations,…

As the cryptocurrency ecosystem matures, mining continues to be a cornerstone for securing networks and validating transactions. While traditional mining with personal rigs remains popular, cloud mining has steadily gained momentum as a more accessible, cost-effective, and scalable solution—especially in 2025.This article explores why cloud mining still plays a critical role in crypto mining today and highlights five leading platforms that are shaping the industry’s future by combining technology, security, and user-centric features.Why Cloud Mining Remains Relevant in 2025Despite advancements in blockchain technology and the increasing complexity of mining algorithms, cloud mining continues to thrive for several key reasons: Accessibility…

South Korea’s largest cryptocurrency exchange, Upbit, has announced four new altcoin listings today. Ether.fi (ETHFI), Resolv (RESOLV), Initia (INIT), and Spark (SPK) all saw modest price increases post the announcement.  The exchange noted that trading support will begin today at 15:00 Korean Standard Time (KST). Furthermore, deposits and withdrawals will start within two hours of the announcement. Four Altcoins Will Join Upbit Today According to the official announcement, the four altcoins will be available to trade against Tether (USDT) and Bitcoin (BTC). Furthermore, Upbit added that ETHFI, RESOLV, and SPK will be supported on the Ethereum (ETH) network. Meanwhile, INIT…

The rapid growth of the Ethena stablecoin ecosystem continued on Friday as Ethena Labs announced a partnership with institutional OTC desk Flowdesk, aimed at expanding access to its two tokens — USDe and USDtb.Flowdesk, whose clients include token issuers, hedge funds and exchanges, will support trading and reward programs tied to both stablecoins, the companies said.Source: FlowdeskUSDe is Ethena’s synthetic dollar, backed mainly by crypto assets and stabilized through a delta-neutral hedging strategy that keeps its value pegged to $1.USDtb is backed by real-world assets — primarily BlackRock’s tokenized money market fund, BUIDL, and stablecoins — giving it a risk…

TL;DR Pi Network introduced a new solution that could speed up the verification process. PI reportedly made its debut on the Solana blockchain. However, the token’s price remains in red territory for the day and far away from its peak levels observed earlier this year. The New Feature The team behind Pi Network unveiled Fast Track KYC – a new feature designed via further integration of AI in the Know-Your-Customer process. Pioneers and non-users are allowed to complete it to participate in the Mainnet ecosystem “earlier than ever before.”  “This update builds on Pi’s expansion of wallet activation eligibility –…