Crypto, Forex & Blockchain News

Seven leading crypto firms have announced the formation of the Blockchain Payments Consortium (BPC) to develop shared standards for crosschain stablecoin transfers. The move follows a successful year in 2024, where stablecoin transfer volumes exceeded those of major payment processors, Visa and Mastercard. The consortium aims to enhance blockchain transactions, integrate traditional payment systems, and collaborate with regulators to create seamless cross-border payments. Members include Fireblocks, the Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs, and Monad Foundation.

Opinion piece by Christos A. Makridis discussing the growth in popularity of stablecoins, particularly dollar-backed ones, in the wake of the US GENIUS Act. Article highlights potential benefits of stablecoins in developing countries, their increasing global market cap and role in financial systems. Also discusses China’s growing influence and the potential impact of stablecoins on this.

Stream Finance’s $93 million loss has triggered a major crisis in the DeFi sector, exposing systemic vulnerabilities, sparking widespread market volatility, and raising urgent calls for stronger transparency, governance, and regulatory oversight to ensure the future resilience and trust of decentralized finance platforms

Markets rebounded strongly after recent losses, driven by optimism over possible rollback of Trump-era tariffs and a positive Supreme Court hearing on trade policy. Equities and cryptocurrencies surged, with DeFi, DePIN, and select AI and subnet tokens leading the recovery. The article analyzes sector winners, post-crash resilience, and the impact of protocol governance debates like Hyperliquid’s HIP-5 proposal, highlighting trends in staking, revenue generation, and the ongoing rotation of capital in the crypto ecosystem.

Ripple CEO Brad Garlinghouse weighs in on the debate over using on XRP versus on XRPL, highlighting the importance of simple and accessible language in crypto communities. His support for more user-friendly terminology signals a shift in branding and communication strategy, aiming to make the XRP ecosystem more inclusive for developers, investors, and newcomers alike. Discover how this conversation could impact Ripple’s outreach and the future of crypto language standards.

US spot Bitcoin exchange-traded funds (ETFs) witness second-largest withdrawal streak with more than $2 billion in outflows in a week. The outflows began on October 29 with spot Bitcoin ETFs reporting $137 million of redemptions for six consecutive days. Despite these withdrawals, total cumulative inflows remain at over $13.9 billion. This trend contrasts with Solana ETFs, which continue to experience inflows, accumulating net additions of $294 million since launch.

SEC halts its crypto treasury probe due to the US government shutdown, temporarily pausing investigations into public companies with major digital asset holdings like Bitcoin and Ethereum. Discover how this impacts regulatory oversight, investor confidence, and the future of compliance in the evolving cryptocurrency sector.

Global crypto markets faced a sharp risk-off shift this week, with Bitcoin and major altcoins selling off amid macroeconomic uncertainty, institutional ETF redemptions, and sector volatility. Key US economic data and shifting ETF flows will determine whether digital assets rebound or enter a deeper correction, while debates over DeFi accountability and protocol governance highlight ongoing challenges for the sector’s credibility and growth.

Crypto markets experienced heightened risk aversion this week as investors pulled back amid macroeconomic uncertainty and shifting ETF flows. Our in-depth analysis covers sector performance shocks, highlights from miners and Layer 2 outperformance, major declines in AI and DePIN sectors, and lessons learned from DeFi protocol controversies. Stay informed on how rate hike signals, economic data, and institutional caution are shaping digital asset trends as the year-end approaches.