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Ant Group is betting that the next leap in digital finance will not happen in a bank but on Ethereum.On Oct. 14, the Chinese fintech giant behind Alipay’s 1.4 billion-user payment network launched Jovay, a new Layer-2 (L2) blockchain built atop Ethereum to move real-world assets (RWAs) on-chain at institutional scale.What is Jovay?Ant Digital, the blockchain division of Ant Group, describes Jovay as a “compliance-first, AI-assisted scaling network” that aims to integrate real-world data and value flows into decentralized finance.The platform uses dual provers, a zero-knowledge and optimistic hybrid, to ensure both scalability and verifiability. It deliberately launches without a…

Gold surged to a fresh price record of $4,210 on Wednesday.Bitcoin hasn’t been able to keep up.Analysts say the debasement trade, however, is still in play.Bitcoin belongs in the debasement trade — despite dropping $10,000 in the same week gold topped a fresh price record. That’s according to analysts who say last week’s brutal sell off, which wiped out around $19 billion in leveraged positions from the broader crypto market, was driven by technical factors rather than a fundamental breakdown in Bitcoin’s store-of-value thesis. “The crash on Friday was mostly due to technical reasons related to leverage in perps markets,…

New York City Mayor Eric Adams just built a new power center for crypto inside City Hall. On Oct. 14, he signed Executive Order 57 and created the Office of Digital Assets and Blockchain Technology, a unit that sits in the Mayor’s Office, reports to the city CTO, and is led by Moises Rendon.City Hall calls it the nation’s first municipal office focused on digital assets. The order takes effect immediately.What does that actually unlock?The order directs the office to coordinate across agencies, study and draft policy proposals, run public education on risks and fraud, and work with the city’s…

Key takeaways: Bitcoin is down 4.3% in October despite historically strong monthly returns.The CME FedWatch tool shows a 96.7% probability of a 25% interest rate cut, fueling optimism.Inflows into the spot Bitcoin ETFs and equities correlation hint at a potential rebound.Bitcoin (BTC) may be down 4.3% in October so far, but optimism around the month’s historically bullish trend remains intact. Since 2019, Bitcoin’s average October gain has stood near 20%, with a median return of roughly 15%. While this year’s performance currently lags, market participants are looking to macroeconomic policy shifts for potential fuel.According to the CME FedWatch tool, the probability…

Erebor has obtained preliminary conditional approval for a national bank charter, positioning itself to target the innovation economy and become a cornerstone for crypto and AI startups. Summary Erebor has received preliminary conditional approval from the OCC to operate as a national bank. Backed by Peter Thiel, Palmer Luckey, and Joe Lonsdale, Erebor aims to serve crypto, AI, and defense startups. The OCC’s decision signals a policy shift toward allowing “safe and sound” digital asset activities within federally chartered banks. According to a press release dated Oct. 15, the Office of the Comptroller of the Currency granted Erebor Bank preliminary…

Bitcoin is holding steady in the $110,000s today, a little over a week after surging to a new all-time high above $126,000. Bitcoin price slipped from 24-hour highs near $113,600 to the low $110,000s today. This price action follows a rough weekend that saw over $19 billion in leveraged positions liquidated, forcing more than 1.6 million traders out of their positions as cascading margin calls swept across exchanges. The bitcoin price fell to the low $100,000s on Friday, October 10, as U.S. and China trade tensions rattled global markets. President Donald Trump announced new 100% tariffs on Chinese goods after…

As the crypto market is resting in the emergency room, traders are wondering if ETH USD will see a new ATH in 2025. What does this massive sell-off and liquidation event mean for the rest of this bull-run? With Ethereum ETH $4,147.37 4.26% dropping 30% in just three days, investors are left wondering: Will there be an altcoin season as usual or will “apes” be left hanging? Join our analysis and follow along! $ETH – #Ethereum: Looking for a bounce on one of these levels. pic.twitter.com/YKEA0a6a8t — Crypto Caesar (@CryptoCaesarTA) October 14, 2025 Crypto Caesar is a trader who has…

Bridge, the stablecoin infrastructure company acquired by payments giant Stripe, applied for a national bank trust charter with the U.S. Office of the Comptroller of the Currency (OCC), co-founder Zach Abrams said on Wednesday.The move would put the firm under federal regulatory oversight if approved by the regulator. Through the bank, company would provide services including custody, stablecoin issuance, management of stablecoin reserves, Abrams said.”We’ve long believed stablecoins will be a core, regulated financial building block,” Zach Abrams said in a Tuesday X post. “This regulatory infrastructure will enable us to tokenize trillions of dollars and make this future possible.”Bridge…

The ICO raised 200x its $750,000 minimum, and more than 50x its hard cap. With the privacy token meta in full swing, the native asset of a new privacy protocol, Umbra, is trading almost five times higher than its initial coin offering (ICO) price, after launching on Friday. Just a few days after its ICO, which priced UMBRA at $0.30, the token is currently changing hands around $1.30 with a fully diluted valuation (FDV) above $36 million, and reached as high as $2.48 yesterday, per data from CoinGecko.UMBRA all-time price chart. Source: CoinGeckoOversubscribed Token SaleIncubated by MetaDAO, Umbra’s ICO experienced…

Bitcoin’s weekend was a classic macro hit-and-run. On Friday, tariff threats toward China knifed through risk assets and shoved BTC through $110,000, with roughly $7 billion in crypto positions liquidated as leverage unwound into a thin tape.By Sunday night and into Monday, the tone softened as Trump posted a calming message about China, and US markets steadied while China ADRs bounced. BTC followed with a morning pop, retracing part of the slump.The main question arising from this weekend’s volatility is whether the US spot ETF complex, led by BlackRock’s IBIT, functioned as a shock absorber that kept Bitcoin price from…