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MetaMask, the world’s most popular crypto wallet developed by Consensys, is preparing to launch a large-scale rewards program aimed at boosting user engagement and strengthening its position in decentralized finance (DeFi). The MetaMask airdrop initiative will distribute over $30M worth of LINEA tokens in its first phase, as part of a broader plan to introduce a long-term incentive system for wallet users. According to Consensys, users will earn points by participating in everyday wallet activities, such as referrals, using the mUSD stablecoin, joining partner events, and performing token swaps or bridge transfers through MetaMask. The rewards will primarily come in…

Dubai’s VARA fines 19 crypto firms for operating without proper licenses. Penalties range from AED 100,000 to AED 600,000 with immediate cease orders. VARA and SCA’s partnership ensures unified rules across the country’s digital asset market. The United Arab Emirates is reinforcing its position as a global crypto hub—but not without rules. As the country’s virtual asset market expands, regulators are stepping up enforcement to protect investors and ensure transparency. Dubai’s Virtual Assets Regulatory Authority (VARA) has taken decisive action against unlicensed operators, signalling that the city’s crypto ambitions are rooted in compliance, not chaos. VARA fines 19 crypto…

Dubai’s VARA fines 19 crypto firms for operating without proper licenses. Penalties range from AED 100,000 to AED 600,000 with immediate cease orders. VARA and SCA’s partnership ensures unified rules across the country’s digital asset market. The United Arab Emirates is reinforcing its position as a global crypto hub—but not without rules. As the country’s virtual asset market expands, regulators are stepping up enforcement to protect investors and ensure transparency. Dubai’s Virtual Assets Regulatory Authority (VARA) has taken decisive action against unlicensed operators, signalling that the city’s crypto ambitions are rooted in compliance, not chaos. VARA fines 19 crypto…

The UK’s financial regulator is about to lift a ban on crypto exchange-traded notes.It could open crypto investments to $930bn in tax-efficient savings accounts.Nearly $1 trillion in British savings accounts could open to crypto investment as the UK Financial Conduct Authority prepares to lift a ban on crypto exchange-traded notes.Exchange-traded notes, or ETNs, are debt instruments that track an underlying asset’s price. They are listed and traded on exchanges, and in most respects function the same way as the more common and popular exchange-traded funds.In January 2021, the FCA banned the sale, marketing, and distribution of derivatives and ETNs that…

Tether, issuer of the world’s largest stablecoin, plans to propose its own candidates for a board seat at Juventus FC, the Italian soccer club in which it owns a stake of 10.7%, Reuters reported on Monday.The stablecoin giant will submit its list at the club’s annual shareholder meeting in November, according to the report, citing an email from Tether.Tether also said it plans to propose some “governance changes” at the Nov. 7 meeting, though did not elaborate what these are, the report said. Juventus investors will vote upon the company’s board renewal at the shareholder meeting.Tether acquired 8.2% of Juventus…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The leading Solana blockchain is experiencing a notable uptick in on-chain activity alongside its remarkable increase in price to the $234 mark in the past few weeks. In the midst of the ongoing spike in on-chain activity, a massive supply of stablecoins has been observed on the blockchain. Rapid Stablecoin Expansion on The Solana Blockchain Solana is on a rapid tear once again, which appears to have ignited bullish action in several areas of the leading blockchain. Presently, the supply of stablecoins on the network is surging…

North Korea-linked hacking groups have stolen more than $2 billion worth of crypto assets so far this year, according to a new analysis from blockchain forensics firm Elliptic, the largest annual total ever recorded, and with three months of 2025 still to go.The new data underscores Pyongyang’s growing dependence on cyber-enabled theft to fund its weapons programs. According to the United Nations and multiple intelligence agencies, proceeds from these hacks are used to finance North Korea’s nuclear and ballistic missile development.“The scale of crypto theft attributed to North Korea this year is unprecedented — and a clear indication of how…

Bank of New York Mellon (BK), the world’s largest custodial bank with $55.8 trillion in assets under custody, is testing tokenized deposits in a bid to modernize its global payment infrastructure and keep pace with a growing shift toward blockchain-based finance.The effort, still in the exploratory phase, aims to let clients make payments using tokenized versions of their deposits, Bloomberg reports.These tokenized deposits would move over a blockchain, enabling near-instant settlement and potentially reducing transaction costs.BNY currently handles about $2.5 trillion in payments each day.BNY’s Carl Slabicki told Bloomberg the technology could help banks “overcome legacy constraints,” allowing them to…

Bank of New York Mellon (BK), the world’s largest custodial bank with $55.8 trillion in assets under custody, is testing tokenized deposits in a bid to modernize its global payment infrastructure and keep pace with a growing shift toward blockchain-based finance.The effort, still in the exploratory phase, aims to let clients make payments using tokenized versions of their deposits, Bloomberg reports.These tokenized deposits would move over a blockchain, enabling near-instant settlement and potentially reducing transaction costs.BNY currently handles about $2.5 trillion in payments each day.BNY’s Carl Slabicki told Bloomberg the technology could help banks “overcome legacy constraints,” allowing them to…

Key takeaways:Bitcoin dropped to $122,500 on Tuesday, but onchain data shows no signs of an overheated market.The resistance at $135,000 remains the main BTC price barrier for now, with key support around $120,000.Market analysts said Bitcoin’s upside remained intact despite the 1.7% correction from its all-time high of $126,200 reached on Monday.BTC/USD hourly chart. Source: Cointelegraph/TradingViewBitcoin to see a “small pullback” before continuing higher“BTC has been in an up-only mode,” with the price printing just one red candle in the past 11 days,” said analyst Mags in an X post on Tuesday. The BTC/USD pair is taking a small pullback in…