Derive DRV surges 20% as V3 goes live and buyback vote lands
DRV jumped roughly 20% to $0.54 with record-heavy volume as Derive completed its V3 migration and a vote to lift weekly token buybacks to half of protocol revenue added fuel.
Crypto News
Bitcoin, Ethereum and digital assets — prices, regulation and on-chain trends.
Coinbase halts Michigan sports contracts as Oct 10 deadline hits
Coinbase has halted sports event contracts for Michigan customers and closed every open position by the midnight-ET October 10 cutoff, under a deal with state regulators. Michigan has now halted three prediction-market operators.
Binance cuts 8 services and 22 tokens for Brazilian users from October 27
Binance will restrict eight services and end trading in 22 tokens for Brazilian residents on October 27 as it shifts users onto locally licensed entities under the central bank's new crypto framework.
Thailand clears Bitcoin and Ether ETFs for listing on its national exchange
Thailand's SEC finalized 11 regulations allowing locally built Bitcoin and Ether ETFs to trade on the SET from October 16 — with an 80% single-asset rule, SEC-licensed custody, and margin loans banned.
US government moves 9,261 seized Bitcoin ($770M) to Coinbase Prime in two days
Federal wallets shifted 9,261 BTC to Coinbase Prime in the largest single-day government outflow since 2024, with half traced to the 2016 Bitfinex hack and 2,456 BTC coming from wallets nobody had labeled as government-linked before.
China's P2P stablecoin wallets grew 43x; Korea leads Asia with a $449B crypto economy
China now hosts a $176 billion crypto economy that runs almost entirely on peer-to-peer stablecoin transfers, up 43x in two years — while Korea's $449 billion market, Asia's largest, is riding an AI-token trading wave.
Bybit CEO Ben Zhou to give 'Make Your Move' global keynote on October 13
Bybit says chief executive Ben Zhou will headline a global 'Make Your Move' address on October 13 at 7AM UTC, previewing new product launches.
Bitcoin Slides Below $83,000 as $487M ETF Outflows Collide With 2002-High Yields
Bitcoin dropped below $83,000 as US spot ETFs bled $487 million in a single day, while the 10-year Treasury yield climbed to a 2002 high and hawkish Fed minutes revived December hike bets.
Kraken parent Payward in Wells Fargo liquidity talks as banks chase crypto rails
Payward, the company behind Kraken, is talking to Wells Fargo about supplying liquidity for crypto trading — days after a 24/7 settlement deal with Singapore Gulf Bank and reported talks with BNY.
Ripple Prime lands $35B Brevan Howard as Wall Street swap push grows
Brevan Howard's funds will get prime-brokerage, settlement and financing services from Ripple Prime, as the crypto firm pushes deeper into Wall Street's lucrative swap-financing business.
Bitcoin liquidations top $547M as Hormuz oil shock hits crypto
Bitcoin tumbled under $84,000 on Wednesday after Iran escalated strikes on commercial tankers transiting the Strait of Hormuz. Brent crude surged past $101, and crypto derivatives markets answered with roughly $547 million in liquidations — overwhelmingly long positions caught on the wrong side.
Polygon POL tokenomics reform: can ending 2% inflation rescue the token?
An activist investor wants Polygon to scrap POL's 2% annual inflation and fund buybacks from the treasury. With POL at $0.11 and down 86% from its 2024 peak, the math behind the proposal is worth a look.