Stablecoin Drain, ETF Outflows Leave Bitcoin 'Running on Empty'
Stablecoin supply fell $14.2 billion in 30 days, the fastest contraction since June 2022, amid weak ETF demand.

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Stablecoin supply fell $14.2 billion in 30 days, the fastest contraction since June 2022, amid weak ETF demand.
Deutsche Bank’s custody service now holds Bitcoin, Ethereum and three stablecoins for institutional and corporate clients in Europe.
Three bugs—spanning denial-of-service and privacy issues rather than coin theft—have all been patched, with the most serious capable of halting a miner’s ability to build new blocks.
OKXICE will open its tokenized securities venue Nov. 23 with more than 70 assets, led by crypto companies like Coinbase, Circle, Robinhood and Strategy, after 67 companies objected to having their shares…
The integration brings perpetual futures trading into Decrypt, so readers can trade crypto, stocks and commodities without leaving the news.
Grayscale plans to direct $1 million from its Zcash ETF fees to ecosystem nonprofits and launched a national ad campaign, as ZEC fell more than 11%.
The funding, backing a U.S.-incorporated issuer codenamed “Project Faro,” covers five years of operations as traditional lenders move to challenge crypto-native giants Tether and Circle.
Helius' Solana Privacy Rings will let Decrypt users send funds without broadcasting amounts, as it grows out The Information Exchange.
The testnet pilot used Chainlink’s CCIP to distribute Moody’s ratings simultaneously across permissioned and permissionless blockchains, while preserving the firm’s existing publication and governance processes.
Elliptic says the hackers are minting their own worthless tokens—complete with cartoon animal and Elon Musk logos—and routing stolen funds through liquidity pools to break the trail.
The firm’s stash reached 6.07 million ETH—4.97% of supply and 99% of the way to its “Alchemy of 5%” goal—as chairman Tom Lee called Vitalik Buterin’s “ETH is money” comments a “seismic…
Ava Labs said Avalanche will serve as the “core ledger technology” for the clearing firm behind the NYSE-affiliated venue, which aims to bring 24/7 trading, clearing and settlement of tokenized securities onchain.
Apple and Meta’s objections mean all seven of the biggest U.S. tech companies have now asked to keep their shares off the planned OKX-ICE venue.
FinCEN’s order, part of Operation Economic Outcast, bars U.S. institutions from any transfers to or from MEXC, which Treasury says facilitated $16 billion in illicit finance tied to Iran, North Korea and…
Hyperliquid Strategies has applied to become a U.S. futures commission merchant, a move that could let Americans trade perpetual futures on permissioned Hyperliquid markets, pending regulatory approval.
Gnosis Pay said hackers accessed customer information on the legacy system behind its branded cards, though funds weren’t affected and its enterprise card platform was untouched.
Led by two senior DOJ officials, the Super Intelligence Task Force will target misuse by foreign governments, criminal groups and fraudsters—while pushing AI developers to tighten internal controls so their systems “behave…
The Hut 8-backed miner reversed a second-quarter loss, driven largely by a $197 million gain on its Bitcoin holdings.
Leap, built by the team behind Dialect, launched a beta iPhone app for trading tokenized stocks, ETFs, metals, currencies and crypto on Solana, pitching itself to traders looking beyond meme coins.
Eligible U.S. Galaxy users can now buy, hold, send and receive USDC on Solana directly in Samsung Wallet, without a separate crypto app or private keys to manage.
Coinbase told customers it wasn’t affected by the $6.4 billion Binance hack and detailed its security controls, including offline storage for over 99% of assets, split private keys and kill switches.
SEC staff said they view Canton Coin as a digital commodity and won’t recommend enforcement over how it’s minted, a week after DTCC launched a tokenization service that runs partly on the…
Morgan Stanley says it has converted U.S. equities and Treasuries into tokenized form through the newly launched DTCC Tokenization Service, which 20 Wall Street firms have signed up to use.
Paolo Ardoino told the Plan ₿ Forum in Lugano the company owns “give or take 150,000 Bitcoin,” but its Q3 reserve report implies just 100,060.
Tron founder Justin Sun said he has asked a federal court to sanction World Liberty Financial, alleging the Trump family-backed venture delayed disclosing UAE ties that could defeat federal jurisdiction over his…
Chairman Michael Selig said “equity perpetual futures” can now trade on CFTC-registered exchanges, extending a crypto-native instrument to traditional stocks.
Amazon, Tesla, SpaceX, Netflix, Lam Research, and SoFi objected to trading of their shares on the planned OKX-ICE tokenized stock venue, bringing the total to 56.
The “Tierra” upgrade resolves a critical bug from the prior version, adds formal verification, and an AI-powered testing harness.
Onchain investigator ZachXBT says an unidentified EU entity lost more than $106 million from centralized exchange accounts on Sunday,.
$2.85 billion of the $6.43 billion stolen from Binance has been frozen or seized, compared with about 3% in the Bybit hack, as North Korea’s automated laundering spans 12,000 wallets.
Nvidia, Costco, Nike and nine other companies objected to trading of their shares on the planned OKX-ICE tokenized stock venue, bringing the total to 50.
The chairman laid out six reasons the market’s “muted” 4% ETH drop after the record Binance theft shows crypto is “increasingly resilient,” as the firm’s stash neared its 5% supply goal.
T7X records ownership directly on-chain instead of wrapping assets held elsewhere, keeping token and asset under one legal framework.
Bitcoin ETFs saw $643.2 million in outflows Friday, the first full trading session after the $6.4 billion Binance hack, ending October with roughly $516 million in net outflows.
Attackers tied to North Korea drained roughly $6.4 billion from the world’s largest crypto exchange. Here’s what we know about how it happened, who’s behind it, and what comes next.
Michael Selig said the record $6.4 billion theft shows why offshore exchanges should register with the CFTC and adopt U.S.-grade cybersecurity standards.
Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the record $6.4 billion theft is a Binance security failure, not a crypto-wide threat, pointing clients toward proxies like Coinbase, Robinhood, and…
Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings, as revenue held flat at $1.22 billion.
Only 13% of Americans say a candidate’s support for crypto growth is very important, according to a survey conducted by Ipsos for the DeFi Education Fund, even as the industry spends heavily…
Walmart, Eli Lilly, Cigna, Carniva,l and Arcos Dorados objected to trading of their shares on the planned OKX-ICE tokenized stock venue, bringing the total to 38.
Kraken's xStocks platform surpasses $1.1 billion in assets under management following a major European expansion that adds over 200 UK…
CoreWeave shares jumped as much as 14% in premarket trading on Wednesday after the AI cloud infrastructure provider delivered a…
OKXICE will launch its blockchain-powered securities trading platform on November 23, offering 24/7 trading of over 70 tokenized assets, including…
Deutsche Bank has officially launched its cryptocurrency custody service for institutional clients across Europe, providing secure storage and transfer options…
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