Uncategorized Archives - CryptoCurrencyWire

TuesdayOct 28, 2025 9:00 am

JPMorgan to Enable the Use of BTC, ETH as Collateral for Loans

JPMorgan is planning to let institutional clients use their Ether and Bitcoin holdings as loan collateral before the end of this year, signaling another major step in Wall Street’s growing acceptance of digital assets. According to sources familiar with the plan, the program will be available globally and will rely on an independent custodian to hold the pledged cryptocurrencies. The move expands on the bank’s earlier policy of accepting ETFs linked to cryptocurrencies as collateral. It further reflects how digital currencies are becoming increasingly embedded in traditional financial systems. With Bitcoin’s price surging this year and the federal government easing…

FridayOct 24, 2025 9:00 am

Why the Recent Crypto Flash Crash Was Long in the Making

The crypto market endured one of its most brutal days on record as a rapid sell-off erased more than $20 billion, sending shockwaves across digital asset trading platforms. The event, described by traders as the worst liquidation in crypto history, triggered widespread losses and renewed scrutiny of the market’s underlying structure. On October 10, Bitcoin plunged roughly $10,000 within minutes during active trading, briefly dipping from around $125,000 to near $115,000. While that drop represented less than 10% of its value, the pace of the decline—more than 5% in under 10 minutes—amplified the panic. Major altcoins fared even worse, with…

ThursdayOct 23, 2025 9:00 am

Chinese Firm Gives Eric Trump’s Cryptocurrency Company Generous Tech Purchase Terms

A Chinese tech manufacturer is extending unusually generous terms to a cryptocurrency venture partly owned by Eric Trump, raising questions among industry observers and lawmakers about potential political or national security implications. According to filings with the Securities and Exchange Commission (SEC), Beijing-based Bitmain is supplying American Bitcoin Corporation with hundreds of millions of dollars’ worth of advanced mining servers. The company is reportedly allowing the Trump-linked firm to defer payments and settle invoices in “pledged Bitcoin,” a structure that lets the buyer redeem the digital currency up to two years later at current prices—a window much longer than what…

TuesdayOct 21, 2025 9:00 am

Fear Grips Crypto Industry as Risk-Off Sentiment Grows

US-listed Ethereum and Bitcoin exchange-traded funds (ETFs) saw sharp withdrawals at the start of last week, with total net outflows reaching roughly $755 million. The move followed one of the most severe liquidation waves in the history of digital assets, erasing over $500 billion in market value during the weekend. The massive sell-off rattled investor sentiment as renewed trade tensions between Washington and Beijing reignited concerns of a broader economic slowdown. Data from SoSoValue indicated that spot Bitcoin ETFs registered $326.52 million in withdrawals, while Ethereum-linked funds saw an even larger $428.52 million pulled out. This marked the third straight…

FridayOct 17, 2025 9:00 am

Citibank to Start Offering Crypto Custody Services Next Year

Citigroup is preparing to enter the digital asset custody space, with plans to launch cryptocurrency custody services by 2026. The move follows several years of development and internal testing, according to Biswarup Chatterjee, the bank’s global head of innovation and partnerships. The bank is weighing a mix of in-house technology and external partnerships to build the platform. “We expect to present a credible custody solution for clients and asset managers within the next few quarters,” Chatterjee said. The service would enable Citi to safeguard clients’ native cryptos directly, a move signaling the bank’s growing confidence in the crypto sector. The…

ThursdayOct 16, 2025 9:00 am

Stablecoin Liquidity Climbs to Record Level Despite Ongoing Crypto Tumble

While most of the crypto market is still struggling to recover from the weekend’s major downturn, stablecoins are quietly reaching new highs. Data from DefiLlama shows that as of October 13, the total amount of stablecoins in circulation has grown to $304 billion, setting an all-time record. That’s roughly 1% higher than last week and almost a 50% jump since the beginning of the year, when supply hovered at $200 billion. Tether (USDT) remains the market leader, holding more than half of all stablecoins in circulation with approximately $180 billion. USDC comes next at $75 billion, while Ethena’s USDe has…

TuesdayOct 14, 2025 9:00 am

Cryptos See Red as New Trump Tariffs on China Trigger Liquidations

October began with strong momentum for Bitcoin and the broader crypto market, but the excitement surrounding what traders call “Uptober” came to a sudden stop on Friday following U.S. President Donald Trump’s latest comments about new trade tariffs on China. His announcement rattled investors, leading to sharp sell-offs across digital assets and traditional markets alike. According to CoinGlass data, over $1 billion worth of crypto was wiped out within the following 24 hours as the market tumbled in step with U.S. stocks. The sudden decline followed Trump’s morning remarks announcing plans for heavy new tariffs on Chinese imports, which triggered…

FridayOct 10, 2025 9:00 am

Stablecoin Market Rise Promises to Ignite Crypto Rally

The stablecoin market has reached a historic milestone, crossing the $300 billion mark in total capitalization. Analysts suggest that this growth shows a surge of fresh funds entering blockchain ecosystems, potentially fueling a new wave of crypto price gains. According to recent Cointelegraph data, the overall stablecoin supply has climbed by nearly 47% since the start of the year, surpassing last year’s expansion rate. Tether’s USDT remains in the lead, holding around 58% of the market with a capitalization of $176 billion. In second place is Circle’s USDC, valued at roughly $74 billion, accounting for just under a quarter of…

ThursdayOct 09, 2025 9:00 am

Morgan Stanley Endorses Crypto as Wall Street Warms Up to Digital Assets

Wall Street giant Morgan Stanley has encouraged investors to consider allocating between 2% and 4% of their portfolios to cryptocurrencies. The bank’s latest recommendation marks a notable shift in Wall Street’s tone toward digital assets, with Bitcoin taking the spotlight as a limited-supply asset often compared to gold in digital form. The bank’s Global Investment Committee (GIC) released new portfolio allocation recommendations on October 5. According to the guidelines, portfolios focused on “opportunistic growth” could hold as much as 4% in crypto. Hunter Horsley, CEO of Bitwise, called the move a milestone moment for the crypto asset industry. He noted…

TuesdayOct 07, 2025 9:00 am

Russia is Facilitating the Establishment of Sovereign Infrastructure for Crypto Operations

Russia is taking steps to create its own system for managing crypto transactions through government-backed infrastructure. The initiative aims to tackle the current difficulties surrounding the use of digital assets. Reports from the Russian news outlet TASS suggest that the project will introduce a new legal framework, allowing broader use of crypto in areas that have not yet been explored. Although the State Duma and the Bank of Russia have been working on developing national regulations for crypto, the country still doesn’t have a unified government-run platform that oversees digital transactions. Such infrastructure would allow multiple organizations to use cryptocurrencies…