According to OnchainLens monitoring, three newly created wallets received a total of 58,300 ETH from Kraken and BitGo, worth approximately US$242 million.

Crypto Finance, a financial platform under Deutsche Börse Group that provides professional digital asset solutions to institutional clients, has now launched Chainlink's Proof of Reserve. As the first user, nxtAssets now enables on-chain verification of physically-backed Ethereum and Bitcoin exchange-traded products (ETPs) held on Crypto Finance. Chainlink's Proof of Reserve enables investors to independently verify the actual holdings behind the ETPs. This innovation provides investors with additional transparency and security, establishing a new standard of trust in the digital asset market. The setup combines three key roles: nxtAssets issues and manages the ETPs, Crypto Finance provides compliant custody of the underlying assets, and Chainlink provides tamper-proof reserve data on-chain. “Transparency in digital asset markets requires not only regular reporting but also continuously verifiable data,” said Fernando Vazquez, President of Banking and Capital Markets at Chainlink Labs. “By integrating Chainlink’s Proof of Reserves, Crypto Finance demonstrates how a regulated custodian can provide investors with assurance that each product is backed by the underlying assets. Starting with the first two nxtAssets ETPs, this live implementation sets a new benchmark for trust and accountability in the global ETP market, with more products to come.”

Ethereum co-founder Vitalik Buterin stated that PeerDAS, a core feature of the Fusaka upgrade, enables blockchain operations without requiring a single node to download the entire data set. This mechanism verifies block data availability through node sampling and utilizes erasure coding to recover missing data. While the first version still requires complete data for initial broadcast and data reconstruction, security is maintained with only one honest participant. Vitalik emphasized that security is paramount, and that the number of blobs will be gradually increased in the future to advance Ethereum's scaling efforts on both Layer 1 and Layer 2.

A CleanSpark investor has been granted permission to file a class-action lawsuit on behalf of shareholders, alleging misleading behavior during the company's transition from clean energy to bitcoin mining, according to a U.S. District Court for the Southern District of New York. (Bloomberg)

Warren, a Democratic member of the U.S. Senate, called for an investigation into the Trump family's overseas cryptocurrency transactions. (Jinshi)

According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in October is 8.1%, and the probability of a 25 basis point rate cut is 91.9%. The probability of the Fed keeping interest rates unchanged in December is 1.5%, the probability of a cumulative 25 basis point rate cut is 24.1%, and the probability of a cumulative 50 basis point rate cut is 74.4%.

According to Whale Alert monitoring, Circle issued an additional 250 million USDC on the Solana network.

According to Whale Alert monitoring, about 4 hours ago, Paxos minted an additional 150 million PYUSD on Ethereum.

U.S. Treasury prices fell as traders digested divergent signals from Federal Reserve officials this week, which have clouded the path of rate cuts. Yields across all maturities rose by about 3 basis points, with the two-year yield, closely tied to Fed policy expectations, rising to 3.60% in New York on Wednesday. Yields on five-year notes remained stable after an auction that saw yields rise by about 0.3 basis points from pre-sale levels. Federal Reserve Chairman Jerome Powell said on Tuesday that the central bank must address both labor market slack and upward inflation risks as it weighs future policy. On Wednesday, Treasury Secretary Benson expressed disappointment, saying Powell had yet to clearly lay out a rate cut agenda. "It's been a bit of a tug-of-war, with disagreements within the committee," said Gregory Faranello, head of U.S. interest rate trading and strategy at AmeriVet Securities. Corporate bond issuance, including one from Oracle, also weighed on Treasury bonds. The software maker plans to raise $18 billion in the U.S. investment-grade bond market on Wednesday, its second-largest bond offering of the year.

San Francisco Fed President Mary Daly said on Wednesday that she "fully supports" the Fed's decision to cut interest rates last week and said further rate cuts may be needed in the future. "Economic growth, consumer spending, and the labor market have all slowed, while inflation has been lower than expected and remains concentrated in sectors directly exposed to tariffs," Daly said of the Fed's rate cut last week. "Economic risks have shifted, and the time to act is now. Looking ahead, further policy adjustments may be needed to provide the necessary support to the labor market while restoring price stability." However, she added that the Fed's forecasts are not commitments and that its goal remains maximum employment and price stability. Daly had previously said that two 25 basis point rate cuts this year were a reasonable forecast, and she did not update that view on Wednesday.

South Korea’s ruling party has set up a task force to create new crypto laws and aims to pass key rules by the end of 2025. The group will focus first on stablecoin regulation and plans to involve government agencies, the central bank, and private firms.

Federal Reserve, 4E Labs | One week after the Fed's September rate cut: Stock market pressure, bond market divergence, and on-chain transmission in the crypto market. Golden Finance, there may still be two rate cuts this year, and the path tends to be gradual.

Nearly three years after its collapse, the FTX saga refuses to fade into the background. Just when it seemed the crypto world was preparing to close this turbulent chapter—with founder Sam Bankman-Fried’s appeal hearing looming in November—new twists have dragged the disgraced exchange back into headlines.

This article reviews the GAIN token attack, analyzes the causes of the theft, and explores the impact of the GAIN theft.

In the AI ​​era, competition isn't about who works harder, but who stands with capital earlier and more firmly. Whoever can hold onto risky assets will have the opportunity to maintain a leading position in future wealth distribution.

This deal is equivalent to Google acquiring Coinbase. If the Naver-Dunamu merger is successful, the Korean crypto market will undergo a major transformation.

Authorities across Europe have shut down a €100 million crypto scam, arresting five people in multiple countries. The fraud tricked investors through fake crypto platforms, taking their money and disappearing with it.

The crypto industry is undergoing a transformation and must go beyond the Fintech valuation framework and embrace global applications to have a future.

BTC, ETH, ETF, Treasury, RWA, the ever-changing new order of cryptocurrency. Golden Finance, on the argument that the "four-year cycle has ended" and the reasons for the formation of the new order.

Brad Garlinghouse, the embattled CEO who steered Ripple through one of crypto’s most grueling legal fights, is closing out 2025 on a remarkable high note.