Global payments revenue is projected to climb from $1.9 trillion in 2024 to $2.4 trillion by 2029, according to Boston Consulting Group’s latest *Global Payments Report*. While overall growth will slow from an annual rate of nearly 9% to around 4%, the industry is entering a transformative phase shaped by new technologies, regulatory shifts, and evolving consumer behavior:contentReference[oaicite:0]{index=0}. Structural forces—including agentic AI, digital currencies, fintech-driven disruption, and the rapid expansion of real-time payments—are redefining the very foundations of the sector. Inderpreet Batra, global head of BCG’s payments and fintech segment, remarked: This is a turning point for the industry. Traditional growth levers are losing force, but new drivers including agentic systems, programmable money, and fintech innovation are rapidly coming into focus. The players that align to these shifts now will lead the next decade.:contentReference[oaicite:1]{index=1} His comments underscore the urgency for firms to invest in innovation, rethink business models, and embrace technologies that will underpin the next wave of financial services. The report emphasizes that despite macroeconomic pressures and geopolitical instability, payments remains one of the most resilient and fastest-growing financial sectors. Latin America, for example, is expected to lead the world in transaction-related revenue growth, while Europe and North America will expand at more modest rates:contentReference[oaicite:2]{index=2}. Across all markets, the interplay of AI, tokenized money, and account-to-account systems is setting the stage for both opportunities and new risks. Payments revenue growth is slowing, but foundational shifts driven by AI and digital currencies promise to reshape the industry over the next five years. 81% Of US Consumers Expect To Use AI Agents For Shopping, Says BCG One of the most striking findings in BCG’s report is the role of agentic AI—autonomous systems capable of observing, planning, and acting in real time. Already, more than 80% of US consumers expect to use AI agents to assist in shopping, a development that could influence over $1 trillion in e-commerce spending:contentReference[oaicite:3]{index=3}. These systems are moving beyond simple recommendations to handling end-to-end purchasing, optimizing payment methods, and coordinating transactions across multiple parties. Markus Ampenberger, managing director and partner at BCG, observed: We’re entering an era where growth and complexity go hand in hand. The next winners in payments won’t just be fast adopters of technology. They will be the firms that deeply integrate new capabilities into business and operating models, and customer value propositions.:contentReference[oaicite:4]{index=4} This vision highlights the need for financial institutions to embed AI within compliance, fraud detection, and customer service systems, not just at the margins of their operations. For merchants and service providers, agentic AI promises to streamline interactions and cut costs while delivering personalized experiences at scale. For banks and networks, it raises questions about risk allocation, accountability, and governance as autonomous agents begin to transact on behalf of consumers. The race to capture this multi-trillion-dollar shift has already begun, with global players such as Amazon, Google, Visa, and Mastercard piloting AI-driven commerce platforms:contentReference[oaicite:5]{index=5}. Agentic AI could account for more than half of online shopping spend, transforming how consumers buy and how businesses operate. Tokenised Deposits And CBDCs Emerge As Counterweights To Stablecoins Alongside AI, digital currencies are rapidly moving from experiment to mainstream. Stablecoins reached a $210 billion market capitalization in 2024 and processed more than $26 trillion in transactions, though only 1% represented real-world payments:contentReference[oaicite:6]{index=6}. Still, adoption is accelerating in regions with volatile currencies, such as Nigeria and Turkey, where stablecoins provide faster, dollar-denominated alternatives for remittances and payroll. Meanwhile, tokenized deposits are emerging as a bank-led counterweight, offering blockchain-based settlement backed by regulated institutions:contentReference[oaicite:7]{index=7}. At the same time, real-time account-to-account (A2A) systems are scaling globally. India’s UPI and Brazil’s Pix already process more than half of all retail digital payments in their markets, while Europe’s SEPA Instant framework and the US FedNow service are expanding rapidly:contentReference[oaicite:8]{index=8}. Cross-border real-time initiatives, including Project Nexus in Asia, promise to unlock new revenue pools and reshape correspondent banking, potentially capturing up to 30% of transaction-related revenue in high-priority corridors:contentReference[oaicite:9]{index=9}. For regulators and policymakers, the rise of digital currencies and instant payments creates both opportunities and challenges. On the one hand, these systems can increase efficiency, inclusion, and sovereignty. On the other, they pose questions around systemic risk, dollarization, and the security of token-based transfers. The BCG report warns that institutions failing to adapt could be left behind as new infrastructures and payment behaviors solidify:contentReference[oaicite:10]{index=10}. Stablecoins, tokenized deposits, and real-time A2A networks are reshaping payments, forcing banks and fintechs to choose their strategic roles in the new ecosystem.

Arthur Hayes, the influential co-founder of the BitMEX cryptocurrency exchange, has sold all of his Hyperliquid’s native token, HYPE, to pay for his dream car, a beautiful Ferrari 849 Testarossa. This is a shocking admission that shows he knows a lot about crypto and loves to indulge in high-octane activities.  The move, which made Hayes a nice profit of about $823,000, a respectable 19.2% return, shows how unpredictable the rewards can be in the crypto world. One day’s gains can pay for a garage upgrade the next day. Blockchain analytics platforms observed the transaction on September 21, which showed Hayes selling his HYPE positions as the token’s value dropped.  HYPE has dropped 8.1% in the last 24 hours and was trading at about $49.48 that day. But this transaction happens at a time when the asset is growing very quickly. HYPE started at just $6.51 in late November and has already risen an incredible 660% in value. This shows how quickly decentralized financial platforms like Hyperliquid are changing. The Sale and the Supercar Spending Spree Hayes was very clear about why he was doing it when he wrote in a public post, “Need to pay my deposit on the new Rari 849 Testarossa.” What did he love? A perfect Ferrari 849 Testarossa, a vintage car from the 1980s that has been updated with modern style, is today worth up to $590,000. Hayes has been interested in luxury before; the former Wall Street trader who became a crypto pioneer has long been a symbol of the industry’s mix of risk-taking and excess.  By selling out now, he’s putting his money on real things instead of digital speculation, at least for now. He has enough money to cover the down payment and then some. Hyperliquid, the decentralized derivatives exchange that powers HYPE, has been a leader in the DeFi field. According to DeFi surveillance data, its trading volumes have shot up from a small $560 million in early August to a high of $3.4 billion on August 24.  This rise shows that more and more investors want to trade on-chain perpetual futures, where Hyperliquid’s low fees and fast execution really stand out. Hayes has been a big supporter of HYPE, even saying at the WebX 2025 conference in Tokyo that it might grow by 126 times in the next three years. He says this might happen because fiat currency is losing value and the stablecoin market is growing quickly. This could make Hyperliquid’s annualized fees go from $1.2 billion to an incredible $255 billion. Hayes’ Bigger Picture of Crypto Hayes is sticking to his bullish crypto predictions as this HYPE departure happens. He just said that the markets are ready for an “up only” period, and he pointed to the U.S. Treasury’s upcoming $850 billion General Account filling as a reason for this. “Now that this liquidity drain is over, up only can start again,” he said, looking at Bitcoin’s rise to $250,000 by the end of the year. Hayes is used to making predictions like these. In an interview in June, he said that he didn’t care about past mistakes: “People don’t want to do it, but it doesn’t really matter in the end.” The crypto community, always on the lookout, has noticed. Observers on platforms like X underline the importance of on-chain openness above hyperbole and tell their followers to follow whales like Hayes for real-time information. His legacy at BitMEX, where he was one of the first to offer leveraged trading during the early Bitcoin boom, gives weight to every move.  But this Ferrari flex is a reminder that even prophets of digital gold want to hear the roar of a V12 engine. It’s not certain if Hayes will go back to HYPE, but his actions show how much crypto has grown up. As DeFi platforms like Hyperliquid take on big companies, people like Hayes keep bringing together programming and fashion, showing that riches aren’t just made, they’re driven.

OKX, one of the world’s largest digital asset exchanges, has announced that it will soon stop trading pairings combining Terra Classic (LUNC) and TerraClassicUSD (USTC). This shows how unstable the cryptocurrency market can be.  This choice comes at a time when people are still looking closely at tokens that aren’t doing well. Its goal is to make OKX’s offerings more straightforward to use for a better trading environment. For investors who own these assets, the news is a critical reminder to rethink their plans in a world that is changing quickly. LUNC and USTC: A Brief History Terra Classic, which used to be called Terra, was formerly a leader in the decentralized finance (DeFi) area. Do Kwon and his colleagues started the project in 2018. It introduced the Terra blockchain, which was meant to support stablecoins and algorithmic currencies that could keep their pegs through complex market procedures. At its peak in early 2022, Terra’s ecosystem had billions of dollars in total value locked (TVL). Its main stablecoin, UST (now USTC), was tied to the US dollar by a balance of LUNA (now LUNC) burning and minting. The ecosystem’s collapse in May 2022, on the other hand, was one of the most shocking things to happen in crypto history. UST lost its peg because of a mix of market pressures, large-scale withdrawals, and problems with the algorithmic stabilization methodology. This set off a death spiral. LUNA’s price dropped from more than $100 to less than a cent, losing an estimated $40 billion in market value overnight. The backlash led to probes by regulators, including Do Kwon’s arrest in Montenegro, and the community’s fork to make Terra 2.0 (LUNA), which changed the name of the original chain to Terra Classic. Since the crash, LUNC and USTC have remained in the market thanks to a dedicated community that wants them to come back through initiatives like token burns and network upgrades. However, trade volumes have remained low, and prices have had a hard time going back up. As of late September 2025, LUNC was about $0.0001 and USTC was below $0.03. Because of this, they are likely to be delisted from several exchanges. Information on the Delisting OKX’s release says that all spot trading pairings that include LUNC and USTC, like LUNC/USDT, USTC/USDT, and others, will stop working on October 15, 2025. After the tokens are taken off the list, you will still be able to deposit and withdraw them until November 15, 2025. After that, these services will be stopped entirely. Also, margin trading, futures contracts, and perpetual swaps connected to these assets will be phased out over time, with deadlines that match the spot delisting. The exchange stressed that this move is in line with its promise to exclusively list high-quality, long-term projects that meet strict requirements for community support, liquidity, and development activity. There were no specific explanations given for LUNC and USTC, but their low trading volumes and past problems make them less likely to be successful on large platforms in the long term. What This Means For Traders and The Market This delisting could make it harder for LUNC and USTC holders to get cash, which could cause values to drop as trade moves to smaller, less dependable exchanges. For the Terra Classic community, this is a setback in their ambitions to get back into the mainstream, but supporters say it could spark more on-chain activity and burns to make the currency more scarce. Before the deadlines, traders should cancel their positions, move their assets, or switch to other cryptocurrencies to avoid having their cash frozen. During the grace time, OKX has guaranteed that withdrawals will be free, but users should check that their network is compatible to avoid losing money on failed transactions. The tokens’ lower status might not have much of an effect on the broader market, but it does show a trend: exchanges like Binance and KuCoin have already delisted them, which is part of a larger effort to get rid of high-risk legacies from the bear market of 2022. As crypto grows, these kinds of acts help keep the ecosystem clean, putting new ideas ahead of old ones. The fact that OKX has stopped trading LUNC and USTC pairings is another twist in the Terra saga’s long and troubled journey. It makes things more complicated for loyalists right away, but it also shows that the market is Darwinian: those who can adapt will survive. Investors looking for comeback stories should think carefully about these changes and look at more stable projects. As usual in crypto, being careful and spreading your investments is essential when things are uncertain.

Cryptocurrency trading, mining, and DeFi activity create complicated tax records, and crypto accounting software helps by consolidating transactions, calculating gains and losses, and generating IRS-ready forms like 8949. Casual or personal investors generally cannot deduct software costs under current federal law due to TCJA restrictions. Professional traders who qualify under the IRS trader tax status may deduct them. In contrast, businesses and self-employed individuals such as miners, NFT creators, or DeFi operators can typically deduct software as a business expense. Software licenses, subscriptions, upgraded plans, and necessary API add-ons are generally considered deductible, provided they are ordinary and necessary for business or professional use. On the other hand, Personal-use software and general finance apps not tied to tax reporting, or software used for both business and personal purposes without proper cost allocation, are not deductible for taxes Businesses and self-employed filers report software costs as “Other Expenses” on Schedule C or business tax returns. Professional traders may deduct as a business expense, while casual investors are excluded at the federal level but may find exceptions under state tax law. Cryptocurrency trading, mining, and investing can generate significant gains, but they also create a complex paper trail that’s hard to navigate at tax time. Between fluctuating prices, multiple wallets, decentralized exchanges, and different transaction types, even seasoned investors often struggle to prepare accurate reports. That’s where crypto accounting software comes in. These tools track trades, calculate gains and losses, and generate IRS-ready reports. But an important question arises: if you’re paying for crypto tax software, can you deduct those costs on your taxes? The short answer is yes, but with caveats. The IRS does allow certain software expenses to be deducted, depending on whether your crypto activity is considered personal investing, professional trading, or business activity. Understanding the differences is key to staying compliant while lowering your tax bill. This article explains what’s allowed, what isn’t, and how to properly deduct crypto accounting software expenses. Why Crypto Accounting Software Matters for Taxes Cryptocurrency transactions are more complicated than traditional investments. When you trade a stock, your broker sends you a Form 1099 or consolidated tax statement. But with crypto, you may be using multiple wallets, centralized exchanges, and decentralized platforms, none of which may give you a complete report. Crypto accounting software fills that gap by: Consolidating trades across multiple platforms. Converting values into USD at the time of each transaction. Calculating cost basis and capital gains. Handling special cases like staking, mining, or DeFi yields. Generating IRS-compatible reports such as Form 8949. Given its role in ensuring accurate filings, the IRS generally treats crypto accounting software like other tax preparation tools. The question is whether you use it for personal investing or as part of a business operation. Deductibility Depends on Your Taxpayer Classification The IRS views crypto activities differently depending on your situation: 1. Casual or Personal Investors If you’re an individual who buys and sells crypto occasionally as an investment, your costs are usually treated as miscellaneous itemized deductions. Unfortunately, since the 2017 Tax Cuts and Jobs Act (TCJA), most miscellaneous itemized deductions, including tax preparation software for personal investments, are no longer deductible through 2025. That means if you only use crypto accounting software for personal investing, you likely cannot deduct it on your federal tax return right now. 2. Professional Traders If you qualify as a professional trader under IRS rules, you may be able to deduct crypto accounting software as a business expense. The IRS looks for factors like: Substantial and continuous trading activity. Seeking to profit from short-term price swings, not just long-term appreciation. Devoting significant time to trading as a primary income source. Meeting these requirements is tough, but if you do, your trading operation can be treated like a business. In that case, crypto tax software becomes a deductible expense under ordinary and necessary business costs. 3. Businesses and Self-Employed Individuals If you’re running a crypto-related business, whether as a miner, validator, NFT creator, or DeFi operator, crypto accounting software costs are generally deductible as part of your business expenses. For example: A miner who uses software to track mining income and expenses. An NFT creator who needs accounting software to handle royalties and sales. A DeFi business that generates yield and reports multiple wallet activities. What Counts as Deductible Crypto Software Expenses? If you qualify under professional or business use, the following types of costs are generally deductible: Crypto accounting software licenses (e.g., CoinTracker, Koinly, TokenTax). Upgraded plans that offer additional features like multiple wallets or API integrations. Subscription costs for portfolio tracking tools used directly in business reporting. Add-ons or API services required to connect wallets or exchanges for reporting. However, to stay compliant, the software must be ordinary and necessary for your crypto activity. “Ordinary” means commonly accepted in your line of work, while “necessary” means helpful and appropriate for business. What You Cannot Deduct Even if you’re active in crypto, some software costs may not qualify: Personal Use Only: If you buy software just to calculate gains for casual trading, it’s generally not deductible right now due to TCJA restrictions. General Finance Apps: Budgeting or portfolio apps that aren’t specifically used for tax reporting likely won’t count. Dual-Purpose Use: If you mix personal investing and business in one software license, you may need to allocate costs proportionally. The IRS requires that expenses be directly connected to business activity to qualify. How to Report Software Deductions The method of reporting depends on your filing status: Self-Employed or Business Owners: List software costs as “Other Expenses” on Schedule C or in your corporate tax return. Professional Traders: Deduct as a business expense if you qualify for trader tax status. Casual Investors: Currently cannot deduct federal taxes, but may check state tax laws for exceptions. Special Considerations The following are essential factors to keep in mind: State Taxes Some states allow deductions for tax software costs even if federal rules don’t. For example, states that didn’t conform to TCJA may still allow itemized deductions for tax preparation fees. Depreciation vs. Expense Most software subscriptions are treated as direct expenses. However, if you buy a multi-year license or custom enterprise software, you may need to treat it as a capital expense and depreciate it. International Taxpayers Rules vary widely outside the U.S. In some countries, software costs related to investment tracking are deductible against taxable gains. Always check your jurisdiction’s tax code. Common Mistakes to Avoid Below are common mistakes to avoid: Assuming all Software is Deductible: Not true for casual investors. Forgetting State Differences: Some deductions may still apply locally. Poor Recordkeeping: Failing to save receipts can disallow your deduction. Mixing Personal and Business Use: Without a clear allocation, you may face IRS pushback. From Wallets to Write-Offs: Making Crypto Software Work for You Crypto may be decentralized, but taxes are not. The IRS wants accurate reporting, and crypto accounting software is often the only practical way to deliver it. If you’re running a business or trading professionally, the costs of these tools are typically deductible, lowering your tax burden. Casual investors, however, may need to wait until federal rules change to benefit. In the meantime, good recordkeeping, careful classification, and awareness of state or international rules can help you maximize what’s allowed. By understanding the tax treatment of crypto accounting software, you can keep more of your gains while staying on the right side of the law. FAQ Can I Deduct Crypto Accounting Software Costs if I’m Just a Casual Investor? No. Under current IRS rules, personal investors cannot deduct tax prep or accounting software costs at the federal level due to TCJA restrictions through 2025. Are Crypto Accounting Software Expenses Deductible for Professional Traders? Yes, if you qualify for trader tax status. In that case, the software is considered an ordinary and necessary business expense and can be deducted on your tax return. What Happens With Crypto Businesses like Mining or NFT Creation? Businesses and self-employed individuals in crypto, such as miners, validators, or NFT creators, can usually deduct software costs as part of their business expenses under Schedule C or corporate filings. Can I Deduct Software if I Use it for Both Personal Investing and Business? You may need to allocate expenses proportionally. Only the portion directly tied to business activity or professional trading is deductible. Keep clear records to support your claims. Do State or International Tax Laws Differ? Yes. Some states still allow deductions for tax preparation fees, and international rules vary. Always check local tax codes or consult a tax professional for jurisdiction-specific guidance.

Mark Lane has introduced what it calls the first entrepreneur-focused foreign exchange platform in Canada. The launch allows FX professionals to step away from bank and brokerage employment models, instead operating as independent partners who manage their own book of business. This marks a departure from the industry’s traditional compensation structures, which many practitioners say limit their potential earnings and career growth. CEO Alfred Nader positioned the model as a response to long-standing frustrations among currency specialists. “Canadian FX professionals deserve better than 2% pay raises, micro-management, shrinking commissions and forced retirements. You can either be constantly afraid of having a job, or you can control your own destiny,” he said. According to Nader, professionals who bring their client portfolios to the platform can potentially double or triple their earnings while maintaining continuity with existing accounts. The system is built on a simple premise: producers who already hold trusted client relationships deserve a greater share of the revenue those clients generate. Mark Lane supplies the infrastructure—payments technology, compliance processes, and client workflow tools—so partners can focus on client service and growth. Mark Lane’s model converts FX careers into entrepreneurial franchises by combining independence with shared technology and regulatory support. How The Compensation Model Works Compensation lies at the heart of the platform’s promise. Partners receive an average commission rate of 51% of revenue from their client book, rising to 60% for lower-risk payments and clients. In contrast, traditional institutions typically pay a much smaller share, often capped by layers of management and overhead costs. The goal is to ensure that those generating business reap the rewards directly. Nader underscored the difference: “With Mark Lane, they can earn 200% to 300% of their current salary with the same book of business.” By swapping salary-and-bonus arrangements for direct revenue shares, the platform argues that it restores fairness and motivates partners to deepen client relationships. For many mid-career professionals who see limited promotion opportunities within banks, the potential of “unlimited earning” is appealing. Still, the trade-off is clear. Moving away from salaried roles means taking on entrepreneurial risk. To ease the transition, Mark Lane has arranged partnerships with private lenders, allowing professionals to access financing while establishing their independent practices. This bridge capital can help cover setup costs and income gaps during the shift. Higher revenue shares and transition financing aim to offset the risks of leaving salaried employment for entrepreneurial independence. Technology, Compliance, And Client Service Launching an independent FX business would normally require replicating a bank’s costly infrastructure. Mark Lane’s platform provides partners with ready-made tools: quoting and execution engines, reconciliation systems, and embedded compliance checks. By centralizing these functions, the company seeks to remove operational headaches and allow partners to concentrate on serving clients. Compliance is a particularly sensitive area in cross-border payments. The platform manages know-your-customer checks, sanction screening, and periodic reviews, ensuring regulatory standards are upheld. In practice, this means that while partners initiate client onboarding, the platform shoulders the burden of verification and risk monitoring. On the client side, Mark Lane emphasizes speed, transparency, and usability. Real-time pricing, automated confirmations, and tracking tools are designed to compete with both bank systems and newer fintech entrants. For mid-market businesses, which often juggle outdated processes, such improvements can be meaningful. If partners can deliver faster responses with reliable settlement, they may gain an edge over incumbents. Operational and compliance rails are embedded into the platform, enabling partners to focus on relationships while clients gain modernized service. Who The Platform Targets The model is aimed squarely at experienced FX professionals with portable client books. These individuals are often strong producers within banks but face earnings ceilings and limited advancement opportunities. For them, independence offers the chance to retain clients while securing higher payouts. The platform is not designed for newcomers without established relationships or specialists who rely heavily on a bank’s balance sheet and proprietary pricing. Its sweet spot lies with mid-to-senior originators in commercial FX and cross-border payments, where client loyalty is based more on service and trust than on institutional branding. Nader’s messaging reflects this focus: professionals who want stability may remain in bank roles, but those ready for autonomy and upside can take the leap. The platform provides the rails; the partner brings the relationships. Mark Lane is tailored for FX professionals with established client bases, offering them autonomy and greater financial rewards. Expansion Plans And Industry Impact Canada is only the first step in Mark Lane’s roadmap. The company intends to enter additional markets in 2026, signaling an ambition to build a global network of independent FX entrepreneurs. Scaling internationally will require tailoring compliance and technology to local regulations, as well as forming partnerships with banking and payments providers across corridors. If successful, the model could disrupt how FX talent is compensated and retained. Banks may need to review their pay structures if producers leave for higher revenue shares elsewhere. For clients, the shift may offer more responsive service without significant changes in pricing. Regulators, meanwhile, will watch closely to ensure that distributed sales models maintain high compliance standards. Mark Lane’s bet is that a significant slice of the FX workforce is ready to choose ownership over employment. Whether that gamble pays off will depend on execution: delivering reliable technology, smooth compliance, and financing that makes independence sustainable. If those pieces hold, Canada’s FX professionals may have a new path forward—one that treats them as entrepreneurs, not just employees. Mark Lane’s Canadian debut sets the stage for global expansion, with potential ripple effects on FX compensation models, client service, and regulatory scrutiny.  

A private key is the most sensitive credential a crypto holder owns. Anyone with access to it can move funds, impersonate you on-chain, and wipe out years of work in seconds. This guide explains what private keys are, how they get exposed, and — most importantly—the concrete steps you can take to keep them secure. Key Takeaways Use hardware wallets or air-gapped devices to keep private keys offline. Back up seed phrases securely on paper or metal in multiple locations. Add extra protection with strong passphrases and PINs. Prepare a recovery plan involving trustees, encrypted instructions, and legal safeguards. Avoid common mistakes like storing seeds in the cloud, using unverified wallets, or relying on a single backup. What a private key is A private key is a long, randomly generated number used to sign transactions and prove ownership of cryptocurrency addresses. It pairs with a public key: the public key can be shared freely, while the private key must remain secret. Seed phrases, or mnemonic phrases, are human-readable encodings of private keys used for backup and recovery. Common threats to private keys Device compromise: malware, keyloggers, or remote-access tools on phones and computers. Phishing and social engineering: fake websites, malicious links, or impersonated support staff tricking users into revealing keys. Physical theft or loss: stolen hardware wallets, misplaced paper backups, or unsecured USB drives. Cloud exposure: saving private keys or seed phrases in email, notes apps, or cloud storage. Insider threats: employees or contractors with unchecked access. Weak backup and recovery procedures: single points of failure leading to permanent loss. Core principles Never expose a private key or seed phrase to the internet. Avoid single points of failure. Instead, use multiple backups and multi-signature for important funds. Encrypt, compartmentalize, and document. Encrypt backups, separate responsibilities, and keep a recovery plan. Practical steps for individuals 1. Use a hardware wallet: Hardware wallets store private keys in a secure element and sign transactions without exposing them to the host computer. Buy only from official vendors like Ledger, initialize the device offline, and record the recovery seed securely. 2. Protect your seed phrase: Never store seed phrases in cloud services, screenshots, or emails. Write them on paper or engrave them on metal and keep them in safes or deposit boxes. For long-term durability, metal backups are preferred. 3. Add passphrases and PINs: Where supported, add a “25th word” passphrase to your seed. This creates an extra layer of protection that cannot be derived from the seed phrase alone. Use long, memorable phrases or generate strong strings via a secure password manager. 4. Keep devices updated: Always update your operating system, wallet apps, and hardware wallet firmware. Install updates only from official sources and verify signatures when possible. 5. Verify on-device: When signing, confirm recipient addresses and amounts on the hardware wallet screen, not just the computer. This prevents malware from altering details. 6. Practice good operational security: Use dedicated devices for crypto management, enable full-disk encryption, avoid public Wi-Fi when transacting, and never reveal private keys or seeds to anyone claiming to be “support.” Cold storage and air-gapped keys Cold storage refers to keeping private keys completely offline, out of reach of internet-connected threats. This may mean writing or engraving a seed phrase on paper or metal and locking it away, or using an air-gapped computer that has never touched the internet to generate and sign transactions before transferring them via QR codes or USB drives. Hardware wallets can also serve as cold storage when stored securely and used only when necessary. While this approach eliminates cyber risks like malware or phishing, it demands strong physical protection against fire, water, theft, or accidental loss. The balance between digital isolation and physical durability is what makes cold storage effective. Secure Backups—Practical Approaches Multiple copies: Keep at least two backups in different secure locations to avoid total loss if one is damaged or destroyed. This reduces reliance on a single point of failure. Durable storage: Use materials designed to withstand accidents—paper can degrade, but metal plates survive fire, water, and decades of storage. Controlled access: Limit knowledge of backup locations. Use sealed envelopes or locked safes, ensuring only trusted individuals can access them when necessary. Shamir’s Secret Sharing: Split a seed into several parts and set a threshold required for recovery. This adds resilience for families, organizations, or teams by ensuring no single person holds complete control. When Compromise Happens—Immediate Steps Move funds quickly: If you suspect a leak, immediately transfer assets to a newly created wallet on a clean device with a hardware wallet to minimize exposure. Revoke approvals: Cancel token allowances, smart contract permissions, or delegated rights to block attackers from exploiting lingering access. Preserve evidence: Keep logs, device data, and suspicious activity records for forensic review. This can help identify the breach and prevent future attacks. Notify stakeholders: Alert partners, clients, or relevant services who may be impacted by the compromise. Transparency helps contain risks. Escalate for institutions: For businesses or funds, involve legal and cybersecurity professionals to manage liability and implement stronger controls going forward. Recovery Planning Trusted trustees: Identify individuals you trust to act responsibly if you become unavailable. Give them instructions without exposing full secrets prematurely. Emergency details: Store recovery instructions in encrypted formats, ensuring trusted contacts know how to access them in urgent situations. Legal safeguards: Consider using wills or other legal instruments to indicate where and how backups are stored, without ever including the private key itself. Avoid exposure: Never put seed phrases in public documents or unsecured files. Even legal paperwork should only reference storage methods, not the secret itself. Common Mistakes to Avoid Cloud storage risks: Keeping seeds in email, cloud notes, or screenshots exposes them to hacking and leaks. Unverified devices: Cheap or second-hand hardware wallets may be tampered with, putting funds at risk from the start. Casual sharing: Giving seed phrases to friends or family “just in case” without strict controls creates unnecessary vulnerabilities. Single-point backups: Relying on one backup copy in one place leaves you defenseless against disasters. Password confusion: Treating a seed phrase like a password underestimates its importance—it is the master key to your funds and should be handled with maximum care. Conclusion Protecting a private key requires a layered approach that blends technology, physical safeguards, and disciplined practices. Hardware wallets, cold storage, secure backups, and tested recovery plans form the foundation of strong security. By avoiding common mistakes and preparing for both cyber and physical threats, you ensure that your private keys—and the assets tied to them—remain safe for the long term. Frequently Asked Questions (FAQs) 1. What is the safest way to store a private key?The safest method is cold storage using a hardware wallet or an air-gapped device, with seed phrases backed up securely on paper or metal. 2. Should I store my private key in the cloud?No. Cloud storage, email, or screenshots expose your keys to hackers and unauthorized access. Always keep backups offline. 3. What happens if I lose my seed phrase?If you lose your seed phrase and have no backup, you permanently lose access to your funds. A secure backup plan is essential. 4. How often should I update my security setup?Update device software and hardware wallet firmware regularly. Review backup and recovery plans at least once a year. 5. Can multi-signature wallets improve security?Yes. Multi-signature wallets require multiple approvals for transactions, reducing risks from theft, insider attacks, or single-point failure.

In a major development for digital asset markets, Swiss asset manager 21Shares has listed a Dogecoin exchange-traded fund (ETF) on the Depository Trust & Clearing Corporation (DTCC). The ETF, registered under the ticker symbol TDOG, is drawing attention from both cryptocurrency enthusiasts and traditional finance circles as Dogecoin inches closer to mainstream legitimacy. The DTCC listing marks a crucial operational step. By being placed on the DTCC system, the infrastructure for settlement and clearing is prepared in advance, ensuring readiness should trading begin. However, experts caution that this move does not mean the ETF has received approval from the U.S. Securities and Exchange Commission (SEC). Instead, the listing should be viewed as a procedural milestone rather than a guarantee that the ETF will soon be available to investors. Institutional interest in meme coins The Dogecoin ETF represents more than just another cryptocurrency product. It reflects a growing appetite among institutional investors to diversify exposure beyond flagship assets like Bitcoin and Ethereum. Dogecoin, which originated in 2013 as a satirical token, has grown into one of the most widely recognized digital assets thanks to its active community, viral popularity, and occasional endorsements from high-profile figures such as Elon Musk. By pursuing an ETF structure, 21Shares is positioning Dogecoin for greater accessibility in traditional financial markets. An approved ETF could provide retail and institutional investors with an easy, regulated vehicle to gain exposure to Dogecoin without needing to directly hold the token. This could translate into increased liquidity and broader market legitimacy, further embedding Dogecoin into the crypto investment landscape. Market momentum for crypto ETFs The move by 21Shares is part of a larger wave of momentum surrounding cryptocurrency ETFs. Spot Bitcoin ETFs, approved earlier in 2025, have already seen substantial inflows, while Ethereum ETFs have begun to attract growing attention. The addition of Dogecoin to the ETF pipeline illustrates how the conversation is shifting beyond the largest digital assets, signaling that alternative cryptocurrencies are gaining traction at the institutional level. Financial analysts suggest that a Dogecoin ETF could attract speculative interest from both retail traders seeking exposure to meme coins and professional investors exploring high-risk, high-reward diversification strategies. At the same time, the existence of such a product would further demonstrate how traditional finance infrastructure is adapting to meet crypto demand. Despite the symbolic significance of the DTCC listing, regulatory uncertainty looms large. The SEC has yet to grant approval for the Dogecoin ETF, and it remains unclear whether regulators will embrace a meme coin in the same way they have begun to accept Bitcoin and Ethereum. The listing does not indicate endorsement but rather ensures readiness should approval be granted. Industry observers note that DTCC listings have historically preceded regulatory decisions, meaning the process is still in its early stages. Whether or not Dogecoin achieves ETF approval will be a key indicator of how far regulators are willing to go in recognizing alternative cryptocurrencies within traditional financial frameworks. If the SEC ultimately gives the green light, the Dogecoin ETF could represent a watershed moment in the evolution of crypto markets—bridging the gap between speculative meme coins and institutional-grade financial products. Until then, the DTCC listing remains a noteworthy but incomplete step toward mainstream adoption.  

Bitcoin and Ethereum exchange-traded funds (ETFs) registered substantial outflows on Monday, underscoring mounting investor caution as the broader cryptocurrency market experienced renewed selling pressure. The withdrawals, totaling nearly $378 million across leading spot ETFs, highlight the fragility of current market sentiment and the challenges facing institutional adoption in volatile trading conditions. Sharp withdrawals from Bitcoin ETFs Spot Bitcoin ETFs in the United States were hit particularly hard, recording $363.1 million in net outflows on September 22, according to data compiled by Farside Investors. Fidelity’s FBTC led the exodus with $276.7 million in redemptions, while ARK Invest’s ARKB lost $52.3 million and WisdomTree’s BTCW shed $24.6 million. BlackRock’s iShares Bitcoin Trust (IBIT), the largest fund by assets under management, reported no inflows or outflows, suggesting that a significant portion of institutional holders opted to remain on the sidelines. The timing of these outflows coincided with renewed weakness in Bitcoin’s spot price, which slipped below critical technical levels on Monday. Analysts pointed to a risk-off mood across global financial markets, with equities and commodities also under pressure. The synchronized decline reinforced the view that Bitcoin is trading more closely in line with traditional macroeconomic trends, rather than serving as a hedge against them. For investors, the large withdrawals mark a shift in sentiment after several months of steady inflows. Bitcoin ETFs had previously been regarded as a catalyst for mainstream adoption, attracting significant institutional interest since their launch. Monday’s retreat suggests that while the long-term narrative for Bitcoin remains intact, short-term positioning is being dictated by risk management and market volatility. Ethereum ETFs also face withdrawals Ethereum-focused ETFs also experienced investor pullback, though at a smaller scale. Net outflows across spot Ethereum funds totaled $15.1 million. Fidelity’s FETH saw the largest redemptions at $33.1 million, while WisdomTree’s ETHW posted $22.3 million in withdrawals. These losses were partially offset by inflows into smaller funds, which helped limit the overall decline. The timing of the Ethereum outflows is notable, given that spot Ethereum ETFs were only recently launched in the U.S. Investors had initially greeted the products with enthusiasm, anticipating new avenues for institutional exposure. However, Monday’s redemptions suggest that uncertainty around Ethereum’s price trajectory is weighing on demand for ether-linked products. With Ethereum trading under pressure alongside Bitcoin, analysts say appetite for ETH-based ETFs could remain subdued until broader market conditions stabilize. The combined $378 million withdrawn from Bitcoin and Ethereum ETFs on Monday underscores the volatility facing the digital asset sector. While institutional adoption has been one of the key bullish drivers for cryptocurrencies, the latest data highlights how quickly investor sentiment can shift in response to macroeconomic stress and market corrections. Analysts caution that further outflows could emerge if crypto prices continue to trend lower. However, others argue that the recent weakness represents a temporary pullback within a broader structural uptrend. The resilience of BlackRock’s IBIT, which recorded no change on Monday, is being viewed as a potential anchor of stability within the ETF space. Looking ahead, the trajectory of crypto ETF flows will remain a closely watched indicator of institutional sentiment. If inflows return once volatility eases, it could reaffirm the role of ETFs as a gateway for mainstream investors. Conversely, prolonged outflows may signal a more cautious phase for the sector as traders and institutions await clearer macroeconomic signals. For now, the sharp redemptions across both Bitcoin and Ethereum ETFs serve as a reminder of the inherent risks of crypto investing, even as long-term advocates remain confident in the asset class’s potential for growth and adoption.

The United States and the United Kingdom have taken a major step toward regulatory alignment in the digital asset sector with the launch of a new “Transatlantic Taskforce for Markets of the Future.” Announced on September 22, 2025, in London by UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent, the initiative is designed to coordinate crypto regulation and foster stronger collaboration in capital markets. The taskforce will include representatives from HM Treasury, the US Treasury, and regulators from both nations. It has been tasked with delivering its first set of recommendations within 180 days, focusing on digital assets such as stablecoins, tokenized securities, and wholesale market infrastructure. By aligning their approaches, the US and UK hope to reduce cross-border friction in capital raising and promote financial stability in a rapidly evolving sector. A push for regulatory alignment in digital finance Digital assets have grown from niche investments into mainstream financial products, creating both opportunities and challenges for global markets. The UK has been working to position London as a premier hub for fintech and blockchain innovation, while the US continues to face calls from industry leaders and policymakers to provide clearer frameworks for cryptocurrency markets. “The creation of this taskforce represents a shared commitment to ensuring that innovation in financial markets is matched by sound regulatory oversight,” Reeves said. Bessent echoed the sentiment, stressing that the initiative would help both countries “safeguard financial stability while enabling the responsible growth of new technologies.” The announcement comes at a time when both governments are under pressure to adapt to the rapid rise of tokenized assets and decentralized finance. By cooperating on regulatory frameworks, the US and UK aim to avoid fragmented approaches that could hinder cross-border investment and expose markets to risks. Implications for global crypto markets The establishment of the taskforce is expected to have significant implications beyond the US and UK. By aligning regulatory standards, the two nations are seeking to set a precedent that could shape international best practices and influence other jurisdictions such as the European Union and Asia-Pacific financial hubs. Industry stakeholders will likely be consulted as the taskforce conducts its review, offering input on issues ranging from stablecoin regulation to the role of distributed ledger technology in wholesale market operations. For investors and institutions, the taskforce’s work could provide greater clarity and confidence in the long-term viability of digital finance. Clearer rules may encourage broader adoption of tokenized assets, expand liquidity in capital markets, and reduce opportunities for regulatory arbitrage. Analysts believe the taskforce’s recommendations, expected by early 2026, could pave the way for more seamless cross-border financial activity and enhance trust in the global digital asset ecosystem. As regulators worldwide continue to grapple with how to integrate cryptocurrencies into existing financial systems, the US-UK collaboration signals a new era of transatlantic financial cooperation. If successful, the taskforce could position both countries at the forefront of shaping the global future of digital markets, balancing innovation with stability and investor protection.

Exness, one of the world’s largest retail brokers, was recognized as the Best Global Multi-Asset Broker at the Smart Vision Summit South Africa 2025. Held from 12 to 13 September in Johannesburg, the event brought together traders, brokers, and financial experts from across the continent to share knowledge and explore the future of the industry.  The award highlights Exness’ role in providing traders with reliable platforms, transparent trading conditions, and access to a wide range of markets. With thousands of participants in attendance, Smart Vision is a key platform for Africa’s growing financial services community.  With a prominent presence throughout the two-day event, Exness contributed to key discussions on the financial markets and the role of technology in trading. Paul Margarites, Exness Regional Commercial Director for Sub-Saharan Africa, joined the panel “The Role of Artificial Intelligence in Financial and Forex Markets,” exploring how AI is shaping decision-making and market behavior. Dean Muller, Exness Client Relationship Manager, took part in “Gold Market Analysis – Trends, AI Forecasting & Macro Insights,” where he discussed the evolving importance of gold and the impact of data-driven forecasting on trading strategies. Terence Hove, Senior Financial Markets Strategist at Exness, led two seminars titled, “Trading in the Midst of Tariffs and AI” and “Using Correlation as Early Warning Signals,” encouraging discussions on responding to shifting global dynamics. On receiving the esteemed award, Margarites expressed, “Being named Best Global Multi-Asset Broker is a meaningful recognition of the work we’re doing to support traders. Events like the Smart Vision Summit give us the chance to listen, exchange ideas, and better understand the opportunities and challenges that matter most in Africa’s trading landscape.”  Exness combines technology with ethics to raise the industry benchmark and create favorable conditions for traders. It offers clients seamless trading through its superior proprietary platform and unique market protection, allowing traders to experience how the markets should be.  

According to UXLINK’s disclosure, attackers gained access to the project’s multi-signature wallet, a mechanism intended to safeguard token issuance and transfers. By exploiting this vulnerability, the hackers were able to mint approximately one billion UXLINK tokens and move funds across multiple blockchain networks. Security firm Cyvers was among the first to flag the irregular activity, highlighting the minting of unauthorized tokens and the subsequent attempts to offload them on various trading platforms. On-chain analysis shows that the attackers rapidly transferred the stolen assets to both centralized and decentralized exchanges. Funds were broken down into smaller batches in an effort to avoid detection and liquidation freezes. The scale of the exploit has caused widespread concern within the crypto community, as such unauthorized minting undermines trust in token supply integrity. Market reaction was swift, with the UXLINK token plunging by nearly 77% in value within hours of the disclosure. Project Response and Containment Efforts In response to the incident, UXLINK has been actively coordinating with global exchanges, urging them to suspend suspicious transactions and freeze wallets linked to the breach. Major exchanges such as Kraken temporarily halted deposits and withdrawals of UXLINK tokens to mitigate risks. The project’s team also confirmed that a portion of the stolen assets has already been frozen, providing some hope for partial recovery. Beyond exchange collaboration, UXLINK has engaged law enforcement agencies and regulators in multiple jurisdictions, filing reports and seeking assistance to track the perpetrators. The project has emphasized that this incident is under active investigation and that a comprehensive security review is underway. In its latest security notice, UXLINK pledged to implement stricter safeguards and indicated that a token swap may be introduced to restore confidence and stabilize the ecosystem. Market Fallout and Broader Implications The breach has sent shockwaves across the crypto sector, reigniting debates about the security of multi-signature wallets, which are often relied upon by decentralized projects to protect funds. While multi-sig mechanisms are designed to reduce single points of failure, the UXLINK case demonstrates that compromised access rights or vulnerabilities in wallet governance can still have devastating consequences. For UXLINK, the financial impact is significant, but the reputational damage could be even more critical. The protocol, known for enabling decentralized social connections, now faces a challenge in regaining the trust of its users and investors. Analysts note that recovery efforts, including potential token swaps and increased transparency, will play a pivotal role in determining the project’s long-term viability. The incident also serves as a stark reminder for the wider crypto industry. As token issuance and governance mechanisms become more complex, projects must ensure rigorous security practices and third-party audits to protect against breaches. For investors, the UXLINK hack underscores the risks associated with digital asset holdings and the importance of monitoring project responses to crises. While the investigation continues, the UXLINK breach will likely remain a key case study in 2025 for how decentralized protocols handle high-impact security failures. Its outcome may shape future security standards and community expectations across the rapidly evolving web3 landscape.

Strive, Inc. has announced the purchase of 5,816 Bitcoin (BTC) for approximately $675 million as part of a wider strategy to strengthen its balance sheet and expand its digital asset treasury. The acquisition, at an average price of around $116,047 per BTC, coincides with the company’s planned merger with Semler Scientific, Inc. in an all-stock transaction. The move highlights the growing trend of corporate entities adopting Bitcoin as a reserve asset, underscoring Strive’s ambition to position itself as a leader in digital finance. Building a combined Bitcoin treasury Following this purchase, Strive’s Bitcoin holdings will increase to approximately 5,886 BTC. Upon completion of the merger with Semler, the combined entity is expected to hold more than 10,900 BTC, placing it among the largest publicly traded corporate Bitcoin holders worldwide. This level of accumulation positions Strive alongside firms like MicroStrategy, which has become synonymous with corporate Bitcoin adoption. The company’s decision to prioritize Bitcoin signals confidence in its long-term role as a store of value and hedge against inflation. The merger agreement specifies an exchange ratio of 21.05 Strive Class A shares for each Semler share, representing a premium of nearly 210% over Semler’s recent trading price. By offering such a premium, Strive is signaling not only its faith in Semler’s operations but also in the combined company’s future potential as a Bitcoin-centric corporation. This bold valuation underscores Strive’s strategy to merge traditional business operations with the evolving financial landscape of cryptocurrency. Implications for corporate strategy and investors The merged company intends to maintain a capital structure that leans toward equity rather than debt. This approach ensures adequate liquidity for operational needs and provides flexibility for future equity offerings, without relying heavily on leverage. The integration of Semler’s business with Strive’s Bitcoin-forward treasury strategy aims to appeal to a wide base of investors—from institutions seeking exposure to Bitcoin through traditional equities, to retail shareholders interested in crypto-linked opportunities. For investors, the merger and Bitcoin purchase represent a significant shift in Strive’s identity. The company is not just diversifying its assets but actively transforming into a corporate entity with a digital-first financial foundation. This could attract greater market attention, particularly as Bitcoin continues to solidify its place within mainstream investment portfolios and corporate treasuries. Strive’s acquisition and merger come at a time when Bitcoin adoption is accelerating across both institutional and corporate landscapes. As regulatory frameworks become clearer and market demand for digital assets grows, companies holding significant Bitcoin reserves are likely to benefit from enhanced investor interest and potential long-term appreciation of their treasury assets. With more than 10,900 BTC expected on its books after the merger, Strive will become one of the most prominent corporate players in the cryptocurrency ecosystem. This move highlights how traditional firms are adapting to the digital economy by leveraging Bitcoin as both a financial asset and a strategic tool for shareholder value creation. As such, Strive’s latest actions could inspire more corporations to follow suit, reinforcing Bitcoin’s role as an integral part of modern corporate finance.

ETHZilla has announced it has raised $350 million through a new convertible debenture investment from an institutional partner, significantly boosting its resources for expansion into Ethereum-based yield generation strategies. The latest financing marks one of the largest institutional raises in the sector this year and underscores ETHZilla’s ambition to establish itself as a leading force in Ethereum markets. Building on earlier financing, the firm’s total outstanding convertible debt now stands at roughly $500 million. The newly issued debentures carry a 2% annual interest rate and are convertible at $3.05 per share — a figure representing 1.05 times the company’s Market Net Asset Value (mNAV) and above Nasdaq’s minimum pricing requirement. ETHZilla also adjusted terms of its prior $156.5 million debentures, lowering their interest rate to 0% until February 2026 before rising to 2%, down from the original 4%. Analysts view the revised terms as a favorable move to reduce near-term interest expense while maintaining long-term flexibility. Expanding Ethereum Exposure According to the firm, the proceeds will be used to expand its Ether holdings and invest more actively across Layer-2 Ethereum protocols and decentralized finance (DeFi) strategies. ETHZilla emphasized its plans to deploy capital into tokenized real-world assets, aiming to generate stable yield streams that complement traditional crypto returns. By participating in Ethereum staking and reward programs, as well as DeFi liquidity pools, the company expects to enhance both its balance sheet strength and recurring revenue base. ETHZilla disclosed that it currently holds 102,264 ETH, valued at approximately $462 million, alongside cash and cash equivalents of about $559 million. This diversified reserve structure enables the firm to capture on-chain yield opportunities while preserving liquidity through traditional instruments such as U.S. Treasuries and commercial paper. Management stated that the infusion of capital will support ETHZilla’s long-term goal of becoming a dominant player in on-chain asset management and tokenization markets. Balance Sheet and Shareholder Actions Alongside the funding announcement, ETHZilla confirmed it has launched a share repurchase program. In the week ending September 20, 2025, the firm repurchased about half a million shares, equivalent to 0.3% of its outstanding stock. Executives said the buyback initiative reflects confidence in the company’s valuation and long-term growth trajectory. Observers note that such measures are often well-received by investors, signaling management’s alignment with shareholder interests. The combined moves — expanding Ethereum exposure, strengthening cash reserves, and repurchasing equity — position ETHZilla as one of the largest institutional participants in the Ethereum ecosystem. The firm’s strategic emphasis on tokenization of real-world assets aligns with growing market interest in blockchain-based financial products that bridge traditional assets with decentralized finance infrastructure. Looking ahead, ETHZilla plans to provide more detailed operational guidance in its third-quarter earnings report. Market watchers are expected to closely monitor how the firm deploys its $350 million raise, particularly in the context of Ethereum’s evolving role in DeFi, tokenized assets, and institutional-grade yield generation. With its strengthened balance sheet, ETHZilla appears poised to play a significant role in shaping the next phase of crypto investment strategies.

PayPal backs layer-1 blockchain Stable as part of its $28 million seed round, aiming to accelerate the adoption of its stablecoin, PYUSD. PayPal Ventures has made a strategic investment in Stable, a newly launched layer-1 blockchain purpose-built for stablecoin payments. The investment was part of Stable’s $28 million seed funding round, which also included contributions from Bitfinex and Hack VC. As a result of the partnership, PayPal’s stablecoin, PYUSD, is now live on Stablechain, enabling broader distribution and positioning it for expanded use in commerce and cross-border payments. Expanding PYUSD’s multi-chain presence Since its introduction in 2023, PayPal USD (PYUSD) has steadily grown beyond Ethereum and into other blockchain ecosystems. PayPal has emphasized a strategy of making PYUSD available across multiple chains to increase its accessibility and liquidity. With Stablechain integration, PYUSD enters a network designed specifically for stablecoin transactions, enhancing its utility in both traditional commerce and emerging financial applications. Stablechain allows PYUSD to operate permissionlessly, opening the door for developers, businesses, and fintech applications to integrate the stablecoin into payment systems, decentralized finance platforms, and merchant services. This is expected to drive faster, cheaper, and more transparent transactions compared to legacy payment systems, aligning with PayPal’s broader vision of creating efficient, blockchain-enabled payment infrastructure. The move comes at a time when global demand for stablecoins continues to rise. According to recent market data, stablecoins now facilitate trillions of dollars in annual on-chain settlement, with increasing adoption in remittances, e-commerce, and decentralized finance. PayPal’s decision to expand PYUSD’s reach through Stablechain strengthens its position in a highly competitive market where companies are racing to define the next era of digital payments. Stable’s vision and seed round participants Stable was founded with the goal of building blockchain infrastructure optimized for stablecoin payments rather than speculative trading. Its architecture emphasizes low fees, high throughput, and scalability, making it particularly suitable for global payment flows. The chain aims to solve pain points around speed and cost that have limited stablecoin adoption in retail and institutional finance. The $28 million seed round, led by investors including PayPal Ventures, Bitfinex, and Hack VC, is seen as a vote of confidence in Stable’s approach to stablecoin-first infrastructure. Industry analysts suggest the backing provides both the capital and credibility needed to attract further adoption and developer activity. For PayPal, the investment underscores its shift toward embracing blockchain and digital currency solutions. The company has consistently expanded PYUSD’s ecosystem to include new networks, wallets, and payment platforms. By investing directly in a layer-1 blockchain optimized for stablecoins, PayPal signals its intent to play a central role in shaping the future of on-chain finance.

Ethereum co-founder Vitalik Buterin has publicly praised Coinbase’s Layer 2 blockchain, Base, calling it one of the most “Ethereum-aligned” rollups currently in operation. His endorsement comes as the Ethereum ecosystem continues to rely on Layer 2 solutions to enhance scalability, reduce costs, and improve user experience while staying true to the network’s decentralization ethos. Base, which launched in 2023, was developed by Coinbase on top of the Optimism OP Stack. The chain has quickly gained traction by combining Coinbase’s global reach with Ethereum’s decentralized security model. According to Buterin, Base’s design is notable because it guarantees user control over funds without depending on Coinbase itself, setting it apart from custodial or semi-custodial systems that can restrict access. Ethereum principles in practice Buterin emphasized that Base embodies Ethereum’s principle of trust minimization, noting that the network cannot seize or block user withdrawals. Importantly, users are able to exit to Ethereum mainnet even if the Base chain were to stop operating. This safeguard, often highlighted in Ethereum’s rollup standards, ensures that security ultimately rests with Ethereum’s base layer rather than a single company or intermediary. This feature has been central to Ethereum’s rollup-centric scaling roadmap, where multiple Layer 2 solutions are expected to process the majority of transactions in the future. By maintaining these trust assumptions, Base is positioning itself as a secure and Ethereum-native option for users who value decentralization. Broader implications for Ethereum scaling Base’s emergence illustrates how exchange-backed initiatives can support Ethereum’s long-term goals without compromising on decentralization. Coinbase, one of the largest cryptocurrency exchanges globally, has leveraged its infrastructure and user base to accelerate adoption of Base, bringing new participants into the Ethereum ecosystem. The chain has already attracted decentralized applications (dApps), DeFi protocols, and NFT projects, expanding its ecosystem at a rapid pace. Buterin’s comments could further strengthen developer confidence in Base, encouraging builders to view the chain as both a secure and scalable environment. Analysts believe this endorsement may lead to increased liquidity, greater dApp deployment, and wider mainstream adoption. For Ethereum, the success of Base is also a validation of the rollup model as a sustainable scaling path. Ethereum’s roadmap has long prioritized Layer 2 expansion, and projects like Base highlight the effectiveness of this approach. With gas costs on Ethereum mainnet often posing a barrier to entry, rollups provide a way to handle millions of transactions more efficiently while still anchoring security in Ethereum itself. As the competition among Layer 2 solutions intensifies, alignment with Ethereum’s principles has become a benchmark for credibility. By meeting these standards, Base is not only enhancing Coinbase’s role in the crypto economy but also advancing Ethereum’s broader mission of global, decentralized adoption. Buterin’s endorsement signals that exchange-driven initiatives can coexist with Ethereum’s decentralized vision, provided they adhere to core principles. For users, developers, and institutions exploring on-chain opportunities, Base offers an accessible yet secure gateway into the Ethereum ecosystem, potentially serving as a model for future rollup development.

Cardless, a San Francisco-based fintech company pioneering co-branded credit card solutions, has closed a $60 million Series C funding round. The round was led by Spark Capital with support from existing investors Activant Capital, Industry Ventures, and Pear VC. This latest raise brings Cardless’s total funding to nearly $170 million and positions the startup as a major contender in the branded financial services market. Strong growth trajectory Cardless has experienced significant momentum in the past year, reporting a nearly 400% increase in transaction volume alongside a tenfold jump in revenue. According to company projections, annualized revenue is expected to reach $150 million by the second quarter of 2026. The fintech also aims to achieve profitability by the end of that year, a milestone that would place it among the few venture-backed companies successfully balancing growth with sustainability. Currently operating with a team of about 50 employees, Cardless plans to double its workforce over the next 6 to 12 months. New hires will focus on engineering, compliance, and operations as the company scales to meet demand from its expanding roster of partners. Expanding product and partnerships Cardless has already established marquee partnerships with leading global brands such as Coinbase, Bilt, Alibaba, and Qatar Airways. These collaborations illustrate the growing demand among consumer-facing businesses to launch branded credit card products that reinforce customer loyalty and engagement. The Cardless platform enables companies to design, issue, and manage co-branded credit cards in-house through its suite of APIs and prebuilt infrastructure. By handling underwriting, compliance, and servicing, Cardless removes the operational and regulatory barriers that typically slow traditional banking-led credit card programs. Importantly, the technology allows brands to maintain direct customer relationships, a critical advantage for businesses seeking to differentiate in crowded markets. One of the company’s most significant advantages is its speed to market. Traditional bank-issued card programs can take up to 18 months to launch, while Cardless can deliver branded credit cards in as little as 90 days. This rapid deployment timeline has become a major selling point for businesses eager to capture consumer demand quickly. With fresh capital secured, Cardless plans to scale existing card programs and launch new ones with industry-leading partners. The company is also exploring additional financial products that complement its core credit card platform, broadening its suite of services and deepening its role within the financial technology ecosystem. Investment from Spark Capital and other backers reflects confidence in Cardless’s ability to disrupt the traditional co-branded credit card space. As businesses increasingly seek customized financial products, Cardless’s platform offers a faster, more flexible, and more customer-centric solution compared to legacy providers. The fintech’s combination of strong growth metrics, high-profile partnerships, and innovative infrastructure has positioned it at the forefront of the branded credit card market. If projections hold, Cardless could become a major force in financial services by 2026, transforming how companies engage customers through payment products while setting new standards for speed and efficiency in the credit card industry.

MetaMask’s new dollar-pegged stablecoin, mUSD, has reached a circulating supply of $65 million, about a week after its launch, according to data on the project’s website. The token, introduced last Monday, grew from roughly $15 million in supply to $65 million by early Monday. Blockchain analytics from Seoul Data Labs show that 88.2% of the supply is on Linea, with the remaining 11.8% on Ethereum as of Saturday. MetaMask disclosed last month that mUSD is issued through Stripe’s Bridge platform and minted via decentralized infrastructure provided by M0. The firm said the stablecoin is backed one-for-one by “high-quality, highly liquid dollar-equivalent assets.” The launch comes amid wider growth in the stablecoin market. Total circulating supply of dollar-pegged tokens stood at $279.8 billion as of Sunday, led by Tether’s USDT at $172.3 billion, data from The Block show. Stablecoins have drawn heightened attention since the passage of the U.S. GENIUS Act in July, which set out a regulatory framework for the sector. The U.S. Treasury last week began seeking public comment on its implementation. Separately, blockchain firm Kaia and LINE NEXT said they will launch a stablecoin “superapp” later this year on LINE’s decentralized application portal. MetaMask said the stablecoin is aimed at expanding activity on Linea’s DeFi ecosystem and will later connect to a planned MetaMask Card, developed with Mastercard, enabling cardholders to spend mUSD in everyday transactions. The move follows MetaMask’s broader push into payments. In April, the company announced a waitlist for its crypto card, also in partnership with Mastercard. The launch comes as competition heats up in the stablecoin sector. Earlier this month, Tether unveiled plans for a U.S.-compliant token dubbed USAT, while trading platform Hyperliquid announced its own native stablecoin. Traditional banks have also begun exploring tokenized dollars, buoyed by regulatory clarity in the United States. MetaMask, incubated by Ethereum developer Consensys, said the move positions mUSD as the “default digital dollar unit” across its ecosystem. Users will be able to on-ramp, hold, swap, transfer, and bridge the stablecoin directly inside the wallet, with plans to enable payments via the MetaMask Card at Mastercard-accepting merchants by year-end. MetaMask, which was originally built as the go-to wallet for Ethereum, has gradually evolved into a multi-chain hub as competition among smart contract platforms has intensified. Until recently, users needed third-party tools or custom RPC setups to access blockchains outside the Ethereum ecosystem. Native integration with major chains like Solana, BNB Smart Chain, and now MetaMask has steadily broadened its offerings. In May, it enabled support for Solana SPL tokens, while also working with BNB Smart Chain and Sei, alongside Ethereum layer-2 networks. The addition of Tron comes as the network pursues greater visibility in global markets. In June, toy maker SRM Entertainment announced plans to rebrand as Tron Inc. and adopt TRX as part of its treasury, with Tron founder Justin Sun acting as adviser. This integration could also serve as a test case for how MetaMask approaches other high-volume but controversial networks. Tron, despite its growth, has faced regulatory scrutiny in the U.S., with founder Justin Sun previously charged by the SEC over alleged securities violations.

RBA cautious, Fed divided, PBoC steady; mixed economic data; AUD weak, USD softer, gold surges, oil stable, markets watch policy. Monetary Policy and Central Banks The Reserve Bank of Australia (RBA) is taking a cautious approach to further interest rate cuts, primarily due to “stubborn inflation” in Australia. This contrasts with the US Federal Reserve (Fed), which recently implemented a rate cut but now shows a “wildly” divergent narrative among policymakers regarding future actions. Meanwhile, the People’s Bank of China (PBoC) has kept its Loan Prime Rates unchanged, despite mixed economic signals from China. The overall impact of these central bank decisions on their respective currencies and the global financial markets is a recurring theme. Economic Indicators and Performance Australia’s domestic economy shows surprising resilience, with positive data in Manufacturing and Services PMIs, retail sales, and GDP growth. In the US, upcoming data releases include S&P Global Flash PMIs, GDP, and the crucial Core Personal Consumption Expenditures (PCE) Price Index. China presents a mixed picture, with solid Q2 GDP growth but disappointing retail sales and a manufacturing PMI that has slipped back into contraction. This focus on data-driven analysis underpins the decisions and outlooks of policymakers. Currency and Commodity Markets The Australian Dollar (AUD) recently slipped below the 0.6600 support level after failing to hold above 0.6700. In contrast, the US Dollar (USD) has lost momentum, with the US Dollar Index (DXY) giving back some recent gains. Gold prices surged to a new all-time high, driven by speculation of deeper Fed rate cuts and ongoing geopolitical tensions. WTI Crude Oil remains trapped in a narrow range. These market movements are closely tied to monetary policy decisions and economic data releases. Top upcoming economic events: Monday, September 22, 2025 S&P Global Services PMI (AUD) Date: 09/22/2025 at 23:00:00 Importance: This is a key indicator for the Australian dollar (AUD). The Services PMI provides a timely snapshot of the health of Australia’s service sector, which is a major component of the country’s economy. A reading above 50 indicates expansion, while a reading below 50 indicates contraction. The result can influence the Reserve Bank of Australia’s (RBA) monetary policy decisions and impact investor sentiment towards the AUD. Tuesday, September 23, 2025 HCOB Composite PMI (EUR) Date: 09/23/2025 at 07:30:00 Importance: As a “HIGH” impact event, this is a significant report for the Eurozone economy. The Composite PMI combines both manufacturing and services sectors to provide an overall view of economic health. A strong reading suggests economic expansion, which could lead the European Central Bank (ECB) to consider tightening monetary policy, thus strengthening the euro (EUR). S&P Global Composite PMI (GBP) Date: 09/23/2025 at 08:30:00 Importance: This is a “HIGH” impact report for the British Pound (GBP) and the UK economy. It gives a comprehensive view of the private sector’s health. The data provides valuable insight into business conditions, including new orders, output, and employment, which are crucial for the Bank of England (BoE) when making decisions about interest rates. S&P Global Manufacturing PMI (USD) Date: 09/23/2025 at 13:45:00 Importance: This “HIGH” impact event for the US dollar (USD) gives a snapshot of the manufacturing sector’s activity. As the manufacturing sector is a vital part of the U.S. economy, a strong report can signal economic growth and potentially lead to a more hawkish stance from the Federal Reserve (Fed), supporting the USD. S&P Global Services PMI (USD) Date: 09/23/2025 at 13:45:00 Importance: This “HIGH” impact report is a critical indicator of the health of the U.S. economy, as the services sector is its largest component. The data can influence expectations for the Federal Reserve’s monetary policy, with a higher-than-expected reading potentially boosting the USD. 6. Fed’s Chair Powell speech (USD) Date: 09/23/2025 at 16:35:00 Importance: As the head of the Federal Reserve, Jerome Powell’s speeches are among the most closely watched events in the financial world. A “HIGH” impact event, any comments on monetary policy, inflation, or the economic outlook can cause significant volatility in the USD and global markets. BoC’s Governor Macklem speech (CAD) Date: 09/23/2025 at 18:30:00 Importance: This is a “HIGH” impact event for the Canadian dollar (CAD). The Governor of the Bank of Canada, Tiff Macklem, can provide insights into the central bank’s future policy direction. His comments on inflation, employment, and economic growth can have a direct and significant impact on the CAD. Wednesday, September 24, 2025 Monthly Consumer Price Index (YoY) (AUD) Date: 09/24/2025 at 01:30:00 Importance: This “HIGH” impact report is Australia’s primary measure of inflation. It is a critical piece of data for the Reserve Bank of Australia (RBA) as it guides their decisions on interest rates. A higher-than-expected reading could increase the likelihood of a rate hike, which would be bullish for the AUD. IFO – Business Climate (EUR) Date: 09/24/2025 at 08:00:00 Importance: This “MEDIUM” impact event provides a key measure of business sentiment in Germany, the largest economy in the Eurozone. The IFO survey is a leading indicator of economic activity and can give insight into the future direction of the German and, by extension, the broader Eurozone economy, impacting the EUR.    The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.

Given the strongly bullish US dollar sentiment seen across the FX markets today, USDCAD currency pair can be expected to rise further to the next resistance level 1.3900 (which stopped wave (1) in the middle of August).   USDCAD reversed from support zone Likely to rise to resistance level 1.3900 USDCAD currency pair recently reversed up from the support zone between the pivotal support level 1.3730 (which has been reversing the price from the start of August, as can be seen from the daily USDCAD chart below), lower daily Bollinger Band and the support trendline of the daily up channel from July. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing – which started the active short-term impulse wave 3. Given the strongly bullish US dollar sentiment seen across the FX markets today, USDCAD currency pair can be expected to rise further to the next resistance level 1.3900 (which stopped wave (1) in the middle of August). USDCAD Technical Analysis The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.

Euronext has launched a suite of mini futures contracts tied to benchmark European government bonds, in its latest push to expand in fixed income and loosen Eurex’s grip on the euro rates market. The contracts—listed on Euronext Derivatives Milan—cover the 10-year French OAT, German Bund, Spanish Bono, Italian BTP and, for the first time, a 30-year BTP. Each is cash-settled with a €25,000 notional size, a quarter of the standard size on rival exchanges, and clears through Euronext Clearing in Rome. Anthony Attia, global head of derivatives and post-trade at Euronext, said the launch “comes at a crucial time for the European fixed income ecosystem, which is currently experiencing high volatility levels.” He added the contracts are part of the group’s “Innovate for Growth 2027” plan, aimed at widening its derivatives line-up. A Smaller Slice of a Big Market By going with smaller contract sizes and cash settlement, Euronext is targeting asset managers, hedge funds and even wealth channels that find the €100,000 notional and physical delivery of Eurex’s Bund or BTP futures unwieldy. The exchange is betting that trimming down the product will broaden hedging access while still drawing liquidity from its in-house bond trading venues. Euronext is leaning on its MTS platform, the dominant institutional marketplace for euro-denominated government bonds, as well as MOT, its retail bond market. Both came under its umbrella in 2021, when the group acquired Borsa Italiana from London Stock Exchange Group for €4.4 billion. That deal also delivered CC&G, the Italian clearing house that has since been rebranded Euronext Clearing. Bringing those assets together was central to Euronext’s pitch of becoming a vertically integrated market operator. The mini futures launch is one of the clearest signs yet that the group is putting those pieces to work. Eyeing Eurex Eurex, part of Deutsche Börse, has long dominated trading in eurozone sovereign debt futures, with decades of liquidity built around its deliverable Bund, Bobl, Schatz and BTP contracts. Its deep repo links and benchmark status have made it the default venue for global investors. But competition is heating up. ICE has been building out its euro-sovereign product suite, while Euronext is trying to leverage its southern European franchise to carve out a niche. Smaller, cash-settled contracts may not topple Eurex’s dominance overnight, but they could chip away at it by attracting mid-tier asset managers who have struggled with the size and collateral demands of the legacy products. The derivatives rollout also comes as Euronext looks further afield. In July the company confirmed talks to acquire the Athens Stock Exchange (ATHEX) in a deal valuing the venue at around €399 million. A successful takeover would give Euronext a foothold in southeast Europe, adding listings, data and distribution that could support its fixed income ambitions. For now, the group is betting that a fresh approach to bond futures—smaller, cash-settled and backed by its own trading and clearing infrastructure—will help it peel market share from entrenched rivals. Whether investors migrate from Eurex’s deeply liquid contracts will determine if the launch is a niche play or the start of a larger shake-up in Europe’s rates trading.