Tag: cryptocurrencies

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Ledger Weighs New York IPO as Crypto Security Breaches Hit $2.2 Billion

Ledger is exploring a public listing in New York or a private financing round in 2026 as crypto investors rush to secure their holdings amid a surge in digital asset thefts. Crypto Theft Epidemic Fuels Ledger’s IPO AmbitionsThe French company, which manufactures USB-style devices that store cryptocurrencies offline, reported revenues in the triple-digit millions for 2025, its strongest performance since launching in 2014. Chief executive Pascal Gauthier said the firm currently safeguards roughly $100 billion worth of Bitcoin (BTC) across its customer base. Crypto thefts reached $2. 2 billion in the first six months of 2025, already exceeding the total for all of 2024, according to blockchain analytics firm Chainalysis. Individual wallet holders accounted for roughly 23% of these attacks, a category that Chainalysis described as growing.”We’re being hacked more and more every day . hacking of your bank accounts, of your crypto, and it’s not going to get better next year and the year after that,” Gauthier told the Financial Times. If the initial public offering materializes, Ledger would join this year’s wave of crypto firms entering public markets, following similar moves by lender Figure and the Gemini cryptocurrency exchange. The digital asset trading platform Bullish also recently began trading on Wall Street. Revenue Jumps Before Holiday Shopping SeasonLedger’s growth accelerated ahead of its typical sales peaks during Black Friday and the holiday period. Gauthier attributed the increase to what he called a realization among users that cybersecurity threats are intensifying. The company’s devices compete with offerings from Trezor, based in the Czech Republic, and Switzerland’s Tangem in the so-called cold storage market. These wallets allow token holders to keep their assets offline rather than storing them on exchanges like Coinbase or Binance. Trezor has introduced its latest Safe 7 device during an October event in Prague. The model features a 2. 5-inch color touchscreen that is 62 percent larger than the previous version, an anodized aluminum body, and full wireless functionality, including Bluetooth 5. 1 and Qi2 magnetic charging. North Korean Hackers Target Exchanges and IndividualsExchange platform Bybit lost approximately $1. 5 billion worth of tokens to North Korean hackers in February, the largest heist on record. The FBI attributed the theft to actors it tracks as “TraderTraitor,” noting that stolen assets were quickly converted to Bitcoin and spread across thousands of blockchain addresses. Crypto-related kidnappings have also increased as prices climb. Ledger’s own co-founder and his wife were abducted in France earlier this year when criminals demanded a ransom paid in cryptocurrency. French authorities later arrested the suspects and froze the funds. Chainalysis warned that higher token valuations will likely trigger additional physical attacks targeting known holders. New York Focus Reflects Capital ConcentrationGauthier said Ledger plans to expand its New York headcount and is spending more time in the city because “money is in New York today for crypto, it’s nowhere else in the world, it’s certainly not in Europe”. The company raised money from investors including 10T Holdings and Singapore-based True Global Ventures in 2023, when it was valued at $1. 5 billion. Whether Ledger pursues an IPO or private fundraising will depend on market conditions and investor appetite for crypto-related listings. Hardware wallet adoption among cryptocurrency holders remains below 15%, suggesting room for market expansion as digital asset ownership becomes more mainstream. However, Ledger faces questions about revenue sustainability beyond one-time device sales, with some recent fee-based features drawing criticism from users concerned about centralization. This article was written by Damian Chmiel at www. financemagnates. com.

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What’s Next for ETH, XRP, ADA, SOL as Trump Dangles a $2K ‘Tariff Dividend’

The post What’s Next for ETH, XRP, ADA, SOL as Trump Dangles a $2K ‘Tariff Dividend’ appeared com. Bitcoin and major cryptocurrencies extended gains Monday as traders digested U. S. President Donald Trump’s latest economic proposal of a $2, 000 “tariff dividend” for every American, funded by import duties. The plan, unveiled on Truth Social, boosted risk appetite even as some questioned its feasibility and potential inflationary fallout. “A dividend of at least $2000 a person (not including high income people!) will be paid to everyone,” the post said, adding that those opposed to tariffs are “FOOLS!” The rhetoric arrives as Washington’s fiscal debates reheat ahead of 2026 budget talks. Treasury Secretary Scott Bessent said earlier this year that tariff revenues would be used to pay down the national debt, which now stands near $38 trillion, though Trump’s latest comments suggest a populist tilt toward direct cash transfers. While the proposal is unlikely to materialize without congressional approval, markets read it as a fresh injection of fiscal looseness. The idea of direct household payments, even hypothetical, revived the same risk-on reflex that drove digital assets during the pandemic-era stimulus rounds. Bitcoin BTC$106,242. 47 rose 4. 6% over 24 hours to $106,440, while Ether ETH$3,604. 10 gained 6. 1% to $3,618, data from CoinGecko shows. XRP led majors with an 8. 5% daily jump to $2. 48, and Solana SOL$166. 85 added 6. 1% to $167. 96. Overall crypto market capitalization climbed to about $3. 5 trillion, with roughly $113 billion in 24-hour volumes in an unusually high figure for Sunday trading. XRP’s market-beating rally came on the heels of Canary Capital’s third pre-effective S-1 amendment for its proposed Canary XRP ETF, which would list on Nasdaq under the ticker XRPC. The trust will hold XRP in custody with Gemini and BitGo, benchmarked to the CoinDesk XRP CCIXber 60m New York Rate. Whether the “tariff dividend” becomes law or just another campaign talking point, traders appear happy to front-run the liquidity.

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Fed Faces Data Gaps from Shutdown, Complicating Potential Rate Decisions

The post Fed Faces Data Gaps from Shutdown, Complicating Potential Rate Decisions appeared com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → The US government shutdown is severely impacting crypto markets by delaying key economic data releases, leading to heightened volatility and uncertainty among investors as the Federal Reserve struggles to guide interest rate decisions that influence digital asset prices. Extended shutdown halts jobs reports and CPI data, complicating Fed’s rate outlook for crypto-influenced sectors. Crypto traders turn to private indicators, but gaps in official stats fuel market swings in Bitcoin and Ethereum. Analysts predict up to 5-10% short-term volatility increase in major cryptocurrencies due to missing inflation metrics. Government shutdown disrupts economic data flow, shaking crypto markets amid Fed uncertainty-explore how Bitcoin prices react and strategies for investors now (152 characters). How is the US government shutdown affecting crypto markets? The US government shutdown is creating significant disruptions in the flow of economic data, which directly influences cryptocurrency markets by heightening uncertainty around Federal Reserve interest rate policies. Key indicators like monthly jobs reports and the consumer price index (CPI) have been postponed, leaving investors without critical insights into inflation and employment trends that often drive crypto price movements. This.

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Steve Miran said rising demand for dollar-pegged stablecoins could lower the U.S. neutral interest rate

The post Steve Miran said rising demand for dollar-pegged stablecoins could lower the U. S. neutral interest rate appeared com. Trump-appointed Federal Reserve Governor Stephen Miran, known publicly in policy circles as Steve, told an audience of economists in New York on Friday that the fast-growing demand for stablecoins tied to the U. S. dollar may be pushing the U. S. neutral interest rate lower. According to reporting from Bloomberg, Steve said that a situation like that would likey require the Federal Reserve to adjust its own policy stance to avoid slowing the economy by mistake. Steve said the surge of stablecoins is drawing heavy demand toward U. S. Treasury bills and other highly liquid dollar instruments, especially from buyers outside the United States, which then adds to the supply of loanable money in the economy. When the supply of lendable funds increases, the neutral rate (the level of interest that supports steady growth without overheating or dragging activity) can drift downward. Steve said that if the neutral rate is plunging, then the Federal Reserve must respond by lowering its policy rate, otherwise it risks tightening conditions unintentionally. He described the situation plainly, saying “Stablecoins may become a multitrillion-dollar elephant in the room for central bankers.” He added that the buildup of stablecoins is already influencing markets and will keep doing so as adoption grows. Stablecoin growth pressures interest benchmarks Steve referred to existing research to say that expanding stablecoin usage could lower the Federal Reserve’s benchmark rate by around 0. 4 percentage point. That figure aligns with the pattern of his policy views during his tenure. Since joining the Fed, Steve has repeatedly argued for deeper and faster rate cuts, saying the commonly assumed neutral rate is too high. He has said that holding rates above the true neutral level risks slowing down the economy more than intended. Until now, Steve had based most of his arguments on inflation trends and conditions in.

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Asia Morning Briefing: Bitcoin Stabilizes as Altcoins Flash Early Strength

The post Asia Morning Briefing: Bitcocom. The post Asia Morning Briefing: Bitco report confirms robust asset security across major cryptocurrencies. USDC leads with a 133. 79% ratio, followed by BNB at 112. 95%, and FDUSD at 111. 72%. Bitcoin’s reserve ratio stands solid at 102. 11%, and Ethereum and Solana are fully backed at 100%. The data highlights Binance’s continued transparency and overcollateralization, ensuring user funds are backed and in most cases, oversecured across multiple assets. November 7, 2025 06: 54: 24 UTC Pi Network Set to Launch Mainnet V23, Marking Major Step Toward Decentralization The Pi Network community is buzzing with anticipation as the project prepares to roll out its latest interface update, signaling a major breakthrough in its development. Far from a routine bug fix, this update is seen as a strong indicator of the network’s imminent Mainnet V23 launch. The upgrade promises a more stable, seamless, and decentralized ecosystem a key milestone that could finally bring Pi Network closer to realizing its long-awaited vision of mainstream blockchain adoption. November 7, 2025 06: 53: 31 UTC Stablecoin Chaos: Two Major Tokens Lose Peg as Panic Spreads to Ethena’s USDe Within just three days, two stablecoins each worth over $500 million lost their peg, trapping traders who tried to buy the dip. The panic quickly spread to Ethena’s synthetic stablecoin USDe, whose market cap plunged from $14. 8 billion to $8. 7 billion and continues to fall. Notably, CoinMarketCap has removed the K-line data showing the depegging, though CoinGecko still displays the dramatic collapse, capturing one of the most volatile moments in stablecoin history. November 7, 2025 06: 06: 50 UTC Google to Add Kalshi.

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Dogecoin’s Death Cross Looms as Bitcoin Faces Correction and Ethereum Eyes Stabilization

The post Dogecoin’s Death Cross Looms as Bitcocom. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → The crypto market is experiencing a downturn, with Dogecoin confirming a death cross signaling prolonged bearish momentum, Bitcoin facing a $500 million sell wall and breaking below key moving averages, and Ethereum stabilizing around $3,000 after a sharp correction. This indicates ongoing pressure on major assets amid low netflows and fading bullish sentiment. Dogecoin’s death cross confirms bearish structure, with price at $0. 165 and potential drop to $0. 14-$0. 15. Bitcoin struggles against a massive sell wall, breaking below the 200-day moving average for the first time since early 2024. Ethereum finds support at $3,000, showing oversold conditions with RSI at 30. 6, hinting at possible short-term recovery if the level holds, per technical analysis from TradingView data. Crypto market correction intensifies as Dogecoin hits death cross, Bitcoin battles sell pressure, and Ethereum stabilizes. Discover key levels and implications for investors in this 2025 update. Stay informed-read on for expert insights. What is driving the current crypto market correction? Crypto market correction is fueled by declining netflows and bearish technical signals across major assets, confirming a negative outlook. Larger coins like Bitcoin.

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Malaysia’s BNM Unveils 3-Year Asset Tokenization Plan

The post Malaysia’s BNM Unveils 3-Year Asset Tokenizaticom. Bank Negara Malaysia (BNM), the country’s central bank, has unveiled a three-year roadmap to explore and test asset tokenization across the financial sector. Under the initiative, BNM will launch proof-of-concept (POC) projects and live pilots through its Digital Asset Innovation Hub (DAIH), established earlier this year, the central bank announced on Friday. A key part of this roadmap is the creation of an Asset Tokenization Industry Working Group (IWG), which will coordinate industry-wide exploration, share knowledge and identify regulatory and legal challenges. The working group, co-led by BNM and the Securities Commission (SC), will initially focus on foundational use cases that can demonstrate “clear” economic value. Related: Malaysia launches Digital Asset Hub to test stablecoin, programmable money Tokenized deposits, stablecoins, CBDC integration The central bank clarified that tokenization will focus on real-world assets, not cryptocurrencies. Among the highlighted use cases are supply chain financing to expand SME credit access, tokenized liquidity management for faster settlement and Islamic finance applications that can automate Shariah-compliant transactions. Other areas include programmable payments, green finance and 24/7 cross-border trade settlements. BNM also plans to study the role of MYR-denominated tokenized deposits and stablecoins, aiming to preserve the “singleness of money” while enabling efficient digital settlement. Wholesale central bank digital currency (CBDC) integration will also be explored. Guiding principles for selecting use cases. Industry feedback on the discussion paper is open until March 1, 2026. Related: Tokenized money market funds emerge as Wall Street’s answer to stablecoins Malaysia’s regulator proposes faster crypto listings In July, Malaysia’s SC proposed a new framework that would allow approved cryptocurrency exchanges to list certain digital assets without needing prior approval from.

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Tether, TRON join TRM Labs to seize $300m in illicit

The post Tether, TRON join TRM Labs to seize $300m in illicit appeared com. The T3 Financial Crime Unit has frozen more than $300 million in criminal assets globally since its launch in September 2024. Summary T3 FCU froze $300M in assets linked to global criminal networks. The unit has supported cases across 23 jurisdictions worldwide. Binance joined the T3+ program to expand blockchain crime cooperation. The joint initiative from Tether, TRON, and TRM Labs works directly with law enforcement agencies worldwide to detect, trace, and disrupt criminal networks using cryptocurrencies. The unit’s investigations have supported dozens of operations across multiple jurisdictions and targets crimes including money laundering, investment fraud, terrorism financing, and organized crime. The Brazilian Federal Police formally recognized T3 FCU this month for its assistance in Operation Lusocoin, which froze over R$3 billion in assets, including 4. 3 million USDT tied to criminal groups. T3 FCU supports cases across 23 jurisdictions In just one year, T3 FCU has worked with law enforcement agencies across 23 jurisdictions spanning every continent except Africa. The U. S. recorded the largest volume of assistance at $83 million across 37 cases, accounting for 27% of total volume. Brazil followed with over $13 million frozen across seven cases. Other major jurisdictions include Spain, Germany, Albania, Bulgaria, Finland, Australia, Poland, and the United Kingdom. The most common crime types investigated were: Illicit goods and services (39%) Fraud and scams Hacks and exploits Cases linked to North Korea ($19M for the Bybit hack alone) Crimes involving banned or controlled substances Terrorist financing and violent crimes “Reaching the USD 300 million milestone demonstrates the real-world impact of blockchain technology in combating financial crime,” said Tether CEO Paolo Ardoino. The company collaborates with over 280 law enforcement agencies globally. Binance joins expanded T3+ program In August, the T3+ Global Collaborator Program was established to expand public-private cooperation against illicit blockchain activities. Binance joined.

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