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ARK Invest’s Cathie Wood has cut her long-term Bitcoin price projection by $300,000, warning that stablecoins are eroding Bitcoin’s role as a store of value in emerging markets.“Stablecoins are usurping part of the role that we thought Bitcoin would play,” Wood, who previously forecast a top BTC price of $1.5 million by 2030, told CNBC on Thursday.“Given what’s happening to stablecoins, which are serving emerging markets in a way that we thought Bitcoin would, I think we could take maybe $300,000 off that bullish case, just for stablecoins.Stablecoins are scaling here, I think, much faster than anyone would have expected,”…

Following a stormy week that erased over $1 trillion in crypto market capitalization, signs of recovery are emerging, with  the XRP price leading the way. While Bitcoin struggled to hold the $104,000 mark and Ethereum remained under pressure near $3,400, the XRP price rallied nearly 5% to trade around $2.31, outpacing both majors. Related Reading: Galaxy Digital Slashes Bitcoin EOY Price Target To $120,000 Analysts attribute this strength to robust fundamentals, including Ripple’s strategic partnership with Mastercard and renewed institutional interest following a $500 million investment round. The Mastercard collaboration marks one of the first instances of a U.S.-regulated bank…

Kuala Lumpur, Malaysia, November 6th, 2025, ChainwireSonami ($SNMI) today announced the continuation of its presale and the expansion of its ecosystem through the launch of the first Solana Layer 2 token. The project has been developed to address network congestion and reliability challenges often experienced by Solana users during high transaction periods.Sonami Introduces Layer 2 Efficiency for Solana-Based TransactionsSonami ($SNMI) is a project developed to tackle performance challenges on the Solana network, such as congestion and maintaining reliability during periods of high activity.It is the first token launched on Solana Layer 2, allowing Sonami to offload transactions and enhance network…

Alvin Lang Nov 06, 2025 16:15 The Stellar (XLM) Development Foundation becomes a founding member of the Blockchain Payments Consortium, aiming to standardize digital asset transactions globally. The Stellar (XLM) Development Foundation has announced its participation as a founding member of the newly formed Blockchain Payments Consortium (BPC), according to Stellar. This initiative brings together several prominent blockchain networks and entities responsible for $10 trillion in annual stablecoin volume, with a shared goal of standardizing digital asset transactions.Unifying Blockchain Payment StandardsThe BPC aims to tackle the fragmented and inconsistent experiences faced by users…

ICP$7.0197 extended its powerful rally on Thursday, jumping 33.99% to $7.02 in a move that firmly established a bullish breakout above the key $7.00 threshold. The sharp rally came amid heavy trading volume and widespread volatility across the broader crypto market, as ICP continued to separate itself from the sector’s prevailing weakness, according to CoinDesk Research’s technical analysis data model.The token surged from $5.26 to reach a high of $7.20, posting one of its strongest daily performances in months. The decisive break above $7.00 marked a psychological and technical milestone for the asset, transforming prior resistance into a new support…

HONG KONG, Nov. 6, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) today released a letter to shareholders at the one-year milestone of its bold transformation to a robust Bitcoin mining operation. CEO Paul Yu reflected on this milestone, emphasizing Cango’s vision to deliver energy-secured HPC services. The journey began in November 2024 with Bitcoin mining as a practical entry point to secure energy access, build operational expertise, and create flexible sites for long-term goals.In just eight months, Cango scaled to a 50 EH/s global platform by acquiring 32 EH/s of on-rack mining machines in November 2024, followed by 18 EH/s in…

NEW YORK — The U.S. government shutdown is now the longest on record, breaking the previous 35-day record on Wednesday as lawmakers continue to be at an impasse over funding the federal budget — an impasse that may be strengthened by Tuesday night’s sweeping win for Democrats in an off-year election.Expectations had been growing that Democrats might give in on their demands and vote to fund the government as soon as this week or early next week without winning concessions in their effort to address healthcare premiums that rose this month. But Tuesday’s election may further delay any dealmaking between…

Robinhood (HOOD) on Wednesday reported a 339% year-over-year increase in third-quarter crypto trading revenue, extending momentum from earlier this year as the trading app leans deeper into digital assets and global markets.The company handled $80 billion in crypto trading volume during the quarter, posting $268 million in crypto-related revenue, up from $61 million in the same quarter last year. Adjusted earnings per share (EPS) came in at $0.61 against Street estimates for $0.53; total net revenue reached $1.27 billion versus forecasts for $1.21 billion.Shares were down 2% in after hours trading, but remain higher by about 260% year-to-date.“Q3 was another…

Tokenizing collateral and moving it instantly across borders is no longer a theory, it’s happening. But at a panel discussion at the SmartCon conference in New York on Wednesday, executives from Citi, DTCC and Taurus warned that while the technology has caught up, regulation hasn’t.Ryan Rugg, global head of digital assets at Citi Treasury and Trade Solutions, said the bank’s tokenized cash system is live in the U.S., U.K., Hong Kong and Singapore. Known as Citi Token Services, the platform is already moving billions in real client transactions, supporting everything from supply chain payments to capital markets settlements.“It’s not used…

CMT Digital, a Chicago-based venture capital firm specializing in digital assets, has closed its fourth fund, raising $136 million to back blockchain startups.The fund will target founders developing the next wave of crypto infrastructure and applications, as regulatory clarity improves and institutional adoption accelerates, according to an announcement on Wednesday.Investment partner Sam Hallene told Fortune that the fund drew backing from a mix of wealthy individuals, family offices, and institutional investors, though he declined to name participants in the round.CMT Digital has already committed about a quarter of its $136 million fund, backing stablecoin startups such as Coinflow and Codex.…