BitcoinWorld AI Agents Stablecoins: Revolutionary Shift in Digital Transactions Unveiled Imagine a world where your daily errands are handled not just by you, but by intelligent programs. This future is closer than you think, especially when it comes to money. The integration of AI agents stablecoins is set to redefine how we interact with digital finance, promising an era of unprecedented transactional efficiency. Mike Novogratz, the insightful CEO of Galaxy Digital, recently shared a groundbreaking prediction with Bloomberg. He believes that AI agents stablecoins will soon emerge as the primary users of stablecoins. This isn’t just a minor shift; it’s a forecast for an explosive surge in digital transactions, fundamentally changing our financial landscape. What Drives AI Agents Towards Stablecoins? The core of Novogratz’s vision lies in the practical utility of AI. He envisions scenarios where you simply instruct an AI to buy groceries or manage other purchases. The AI, acting autonomously, will then execute the necessary payments. But why stablecoins specifically? Stability: Stablecoins are pegged to fiat currencies like the US dollar, offering price predictability. This makes them ideal for everyday transactions, unlike volatile cryptocurrencies. Efficiency: Transactions using stablecoins are often faster and cheaper than traditional banking methods, especially across borders. Programmability: AI agents can easily integrate with blockchain-based stablecoins, allowing for automated, rule-based payments without human intervention. Global Reach: Stablecoins operate on global blockchain networks, enabling seamless international transactions for AI-driven commerce. This combination of attributes positions stablecoins as the perfect medium for autonomous AI-driven commerce, making AI agents stablecoins a powerful duo. How Will AI Agents Stablecoins Impact Daily Life? The implications of AI agents stablecoins becoming mainstream are vast and exciting. Think beyond just grocery shopping. Your AI assistant could manage your subscriptions, pay your bills, or even negotiate prices for services, all without you lifting a finger. Here are some transformative examples: Automated Shopping: Your AI learns your preferences and autonomously orders household items when supplies run low, paying instantly with stablecoins. Personal Finance Management: AI agents could manage budgets, invest small amounts, and pay off debts automatically, optimizing your financial health. Gig Economy & Services: Freelancers could use AI agents to send invoices and receive instant stablecoin payments upon project completion. Machine-to-Machine Payments: In the Internet of Things (IoT), smart devices could pay each other for resources or services, such as a smart car paying a charging station. This evolution promises convenience and efficiency, freeing up valuable human time and solidifying the role of AI agents stablecoins in our daily routines. What Challenges Do AI Agents Stablecoins Face? While the future of AI agents stablecoins looks promising, there are significant hurdles to overcome. Addressing these challenges will be crucial for widespread adoption and trust. Regulatory Clarity: Governments worldwide are still developing frameworks for cryptocurrencies and AI. Clear regulations are needed to ensure legal compliance and protect consumers. Security Risks: As with any digital asset, robust security measures are essential to protect stablecoins and AI agents from hacks, fraud, and cyber threats. User Trust and Education: Many people are still unfamiliar with cryptocurrencies. Building trust and educating the public about the benefits and safety of AI-driven stablecoin transactions will be key. Interoperability: Ensuring different AI platforms and blockchain networks can seamlessly communicate and transact is vital for a truly integrated ecosystem. Overcoming these challenges will pave the way for a more secure and accessible future for AI-driven finance, where AI agents stablecoins can truly flourish. Mike Novogratz’s prediction about AI agents stablecoins isn’t just a speculative idea; it highlights a powerful convergence of two transformative technologies. The potential for an “explosive increase” in transactions driven by AI is immense. As AI continues to evolve and stablecoins gain broader acceptance, we are on the cusp of a financial revolution where intelligent agents manage our digital payments with unparalleled efficiency and ease. This future promises to simplify our lives and reshape the global economy. Frequently Asked Questions (FAQs) Q1: What exactly are AI agents? A1: AI agents are autonomous software programs or systems that can perceive their environment, make decisions, and take actions to achieve specific goals, often without direct human intervention. They can learn and adapt over time. Q2: Why are stablecoins preferred over other cryptocurrencies for AI transactions? A2: Stablecoins are preferred because their value is pegged to a stable asset like the US dollar, making them less volatile than cryptocurrencies like Bitcoin or Ethereum. This stability is crucial for everyday transactions where price predictability is essential. Q3: Will AI agents replace human financial decision-making? A3: While AI agents can automate many transactional and financial management tasks, they are expected to augment, rather than entirely replace, human decision-making. Humans will still set the goals and oversee the AI’s operations, especially for complex or high-stakes financial decisions. Q4: What are the main benefits of AI agents using stablecoins? A4: The main benefits include increased transaction efficiency, lower costs, global accessibility, automation of routine financial tasks, and enhanced convenience for users. It can free up human time and optimize financial management. Q5: What security measures are in place for AI agent stablecoin transactions? A5: Security measures typically involve robust blockchain encryption, multi-factor authentication, smart contract audits, and continuous monitoring for suspicious activity. As the technology evolves, security protocols will continue to strengthen to protect against fraud and cyber threats. What are your thoughts on AI agents revolutionizing stablecoin usage? Share this article on your social media channels and join the conversation about the future of digital finance! To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency institutional adoption. This post AI Agents Stablecoins: Revolutionary Shift in Digital Transactions Unveiled first appeared on BitcoinWorld and is written by Editorial Team
Market participants are increasingly confident that ADA could soon gain regulated exposure in TradFi markets, fuelling a wave of bullish Cardano price predictions . With the altcoin’s final ETF decision deadline set for October 26 and issuers like Grayscale advancing S-1 filings, prediction markets now price in 87% odds of approval. The optimism has reached near consensus, with Bloomberg analysts estimating a 75% chance that the SEC will greenlight a Cardano spot ETF. SEC's deadline to approve or deny the Grayscale Cardano $ADA Trust ETF is October 26, 2025. • On Polymarket, current approval odds are at 87% • Bloomberg analysts estimate 75% odds of approval Do you think it will get approved? pic.twitter.com/mhTTNyQu32 — Cardanians (CRDN) (@Cardanians_io) August 29, 2025 The schedule goes hand in hand with the CLARITY Act, expected to pass the U.S. Senate around October, which stands to unlock sidelined capital from institutions waiting on regulatory clarity. Adding fuel, markets expect a base-case of 50 bps in U.S. interest rate cuts before year-end, starting as soon as September, with the potential to stimulate new demand for risk assets like cryptocurrencies. Market odds for 2025 rate cuts. Source: CME FedWatch tool . With SEC approval pending, Cardano has yet to benefit from TradFi market exposure, leaving potential massive demand untapped. Cardano Price Prediction: Could October See a Mega Rally? These stacking catalysts could fuel a powerful Cardano rally into October, starting with the imminent breakout of a bull flag pattern that has formed over the past month. ADA / USD 1-day chart, bull flag fuels ascending channel breakout. Source: TradingView. This continuation pattern could see the Cardano price resume its early August momentum once it breaks free from consolidation. This comes as momentum indicators show reversal signs. The RSI is about to reclaim the neutral line at 50, suggesting buyers could soon drive the next Cardano price move. More so, the MACD is closing in on a golden cross, set to rise above the signal line for the first time since mid-August, often a precursor to a new uptrend. If fully realized, the breakout could trigger a retest of the wider ascending channel forming since late July at $1.20, marking a 40% move from current prices. With a breakout from this channel, the rally could extend to $1.70 for a 105% gain in September on the back of rate cuts, though it is likely to find resistance at the year-to-date high around $1.40. Looking ahead, an October spot ETF approval would be transformative, pushing ADA deeper into U.S. capital markets with substantial new demand beyond this technical setup. With this catalyst, Cardano could revisit its all-time high near $3 for a 255% upside, opening the door to new price discovery with the next milestone at $5 for a potential 500% gain. The Next Bull Run Could See a Different Coin Explode Every bull run has a handful of tokens that explode because the community rallies behind them, and coins tied to the Doge brand often deliver some of the strongest social momentum. It started with Dogecoin, then came Shiba Inu, Floki, Bonk, Dogwifhat, Neiro, and, more recently, Dowge. Each major bull run produces its own Doge-themed runner. This time around, speculators are eyeing Maxi Doge ($MAXI) as the next to go parabolic. Maxi Doge embraces a no-utility ethos, wrapped in gym-culture satire and trader degeneracy. It’s more than just another Dogecoin; it’s a lifestyle asset. The community is already growing and fast, raising almost $1.8 million in its ongoing presale as its earliest holders are rewarded by a high APY on staking, currently at 174%. Don’t miss your chance to join the next big meme coin early. Head to the official Maxi Doge website to grab $MAXI at presale prices before the next stage kicks in. Want updates? Follow Maxi Doge on X (formerly Twitter) and Telegram to stay in the loop. Visit the Official Website Here The post Cardano Price Prediction: ADA ETF Odds Near 90% – October SEC Decision Could Trigger Mega Rally appeared first on Cryptonews .
TL;DR Long-term Bitcoin holders show heavy activity, historically seen near market tops or correction periods. Whale balances drop to levels last seen in 2018, suggesting continued quiet distribution. Bitcoin breaks multi-week downtrend, but profit-taking and whale exits raise short-term caution. Long-Term Holders Begin Moving Coins Recent data shows that wallets holding Bitcoin for long periods have started to move their BTC. This is tracked through the Long-Term Holder Binary Spending Indicator, which is now showing increased activity from these older wallets. In the past, similar spikes have taken place near price peaks and before broader corrections. WHALES ARE DUMPING #BITCOIN , A SIGN OF TROUBLE AHEAD? A key on-chain indicator, the long-term holder binary spending indicator, shows old Bitcoin whales are beginning to sell their holdings. Historically, these movements have preceded major market corrections, signaling a… pic.twitter.com/c3Xx78Up9v — Bitcoinsensus (@Bitcoinsensus) September 3, 2025 Bitcoin is currently trading near local highs. Market watchers note that the timing of this behavior may be linked to expectations around potential policy changes by the Federal Reserve. As shared by Bitcoinsensus, “whales might be anticipating a market-wide correction once the Fed begins cutting rates.” The pattern is being closely watched, given its history of aligning with key turning points in BTC’s price. Notably, Bitcoin’s net realized profit and loss data show that many holders have been selling at a profit. July and August saw multiple spikes in realized gains, which took place during price increases. These periods match recent highs in the market and suggest holders may have been reducing exposure as prices climbed. Source: CryptoQuant At the time of writing, Bitcoin was priced at around $111,200, with moderate gains over the past 24 hours and the past week. Most transactions still appear to be happening above cost, meaning selling is not coming from loss-driven exits. The tone in the market seems calm but cautious, with more participants choosing to take profits. Average Whale Holdings Continue to Drop The average Bitcoin balance held by large entities is now at its lowest level in nearly seven years. According to Glassnode, wallets holding between 100 and 10,000 BTC currently hold about 488 BTC on average. This is a level last seen in December 2018. The decline began in November 2024 and has continued into the present. Consequently, this steady decrease shows that larger holders have been gradually reducing their positions. Whether this trend continues will depend on upcoming market conditions and external factors like macroeconomic policy and capital rotation. Price Breaks Out of Downtrend On the chart, Bitcoin has closed above a downward trendline that had held since early August. The move was pointed out by Rekt Capital, who noted , “BTC has Daily Closed above its multi-week Downtrend.” Source: X This breakout might indicate that the downtrend is weakening. Going further up from this point will rely on the ability of Bitcoin to hold above the trendline. Holding this level on a retest might strengthen short-term recovery possibilities. Failing that, buyer momentum could resume. The post BTC Price Warning Sign? Bitcoin Whales Start Selling Before Fed Cuts appeared first on CryptoPotato .
US Bancorp crypto custody has resumed, offering Bitcoin custody to institutional funds after a U.S. SEC rule rollback under the Trump administration. The bank plans to scale services for registered
The United States has overtaken several major economies to become the second-largest market for cryptocurrency adoption, according to the latest Chainalysis 2025 Global Adoption Index . The ranking highlights how regulatory momentum and the rapid uptake of exchange-traded funds (ETFs) have accelerated mainstream access to crypto in the US. India, however, retained the top spot for the third year running, cementing its role as the world’s biggest market for digital assets. The report, published on Wednesday, also revealed that the Asia-Pacific region is now the fastest-growing hub for crypto, while Eastern Europe showed the highest adoption on a per-capita basis. US jumps to second with $54.5 billion ETF inflows The US rose from fourth in last year’s Chainalysis report to second place, with much of the growth tied to regulatory clarity and institutional products. Spot Bitcoin ETFs have recorded $54.5 billion in inflows since their launch in January 2024, according to Farside Investors . The bulk of these investments occurred between June and July 2025, highlighting how traditional financial institutions and retail investors are embracing crypto through regulated channels. The momentum did not stop with Bitcoin. Investment advisers and hedge funds began accumulating Ether ETFs in the second quarter of 2025. Data reported by Bloomberg showed advisers purchasing $1.3 billion in spot Ether ETFs, while hedge funds added $687 million. These developments demonstrate how clearer rules in the US have given large corporates and institutional players confidence to engage with digital assets without the same reputational and compliance concerns as before. India leads global adoption, pushing APAC growth to $2.36 trillion India maintained its position as the world’s largest crypto adopter, ranking first across all four Chainalysis subindexes. A tech-savvy population and widespread use of crypto for remittances played a significant role in its dominance. The report noted that grassroots adoption continues in markets where digital assets provide practical solutions, such as payments, remittances, and savings in inflation-prone economies. As a result, the Asia-Pacific region saw crypto value received increase by 69% year-on-year to $2.36 trillion, led by India, Pakistan, and Vietnam. The Philippines, South Korea, and Thailand also secured spots in the top 20. This growth underscores how APAC’s diverse markets are using crypto to address both individual and institutional financial needs. Latin America also showed resilience, posting a 10% increase in growth, with Brazil and Argentina ranked among the top 20. Eastern Europe ranks highest on per-capita adoption While overall value places India and the US at the top, Eastern Europe emerged as a leader when adjusted for population size. Ukraine, Moldova, and Georgia took the top three positions for per-capita adoption, with several others in the region, including Latvia, Montenegro, Slovenia, Estonia, and Belarus, also ranking in the top 20. Economic instability, low trust in banking systems, and high levels of technical literacy have made crypto an attractive option across Eastern Europe. For many, digital assets represent a way to preserve wealth, bypass banking restrictions, and facilitate cross-border transactions. Bitcoin inflows surpass $4.6 trillion globally The Chainalysis findings also highlighted Bitcoin’s role as the leading entry point into crypto. It accounted for more than $4.6 trillion in fiat inflows during the period reviewed. Layer 1 tokens, excluding Bitcoin and Ether, were the second-largest category, with more than $4 trillion in inflows. Stablecoins followed with nearly $1 trillion, while memecoins attracted approximately $250 billion. The US was the largest contributor, generating $4.2 trillion in on-ramp volume, while South Korea followed with $1 trillion. In the UK and the EU, Bitcoin maintained a particularly strong presence, with nearly half of all fiat purchases directed toward it. The post US climbs to second in global crypto adoption as ETFs fuel growth appeared first on Invezz
Powell supports rate cuts, enhancing optimism in monetary policy. The Fed shifts from inflation to employment focus, benefiting the crypto market. Continue Reading: The Fed Ignites Optimism with Potential Rate Cuts in the Financial Markets The post The Fed Ignites Optimism with Potential Rate Cuts in the Financial Markets appeared first on COINTURK NEWS .
XStocks launches on Ethereum, bringing ~60 tokenized equities to the network and expanding access to major companies like Nvidia and Tesla. The Ethereum listing aims to leverage DeFi liquidity, but
After a period of decreased institutional adoption, spot Bitcoin ( BTC ) exchange-traded funds ( ETFs ) are once again outperforming their Ethereum ( ETH ) counterparts. On Tuesday, September 2, BTC ETFs saw $332.7 million in net inflows, led by Fidelity (FBTC) and BlackRock (IBIT), which reported $132.7 million and $72.8 million additions, respectively. In contrast, spot ETH ETFs posted $135.3 million in net outflows, with Fidelity (FETH) losing $99.2 million and Bitwise (ETHW) shedding $24.2 million, according to data retrieved from SoSoValue. Overall, ETFs now hold 7% of Bitcoin’s total supply, BlackRock alone commanding 746,810 BTC, a 3.7% share worth around $82.7 billion. BTC ETF inflows. Source: SoSoValue Is Ethereum ETF dominance ending? August was remarkably strong for Ethereum ETFs, which drew $3.87 billion in net inflows compared to Bitcoin ETFs , which lost around $751 million. Most analysts attributed the gains to the cryptocurrency’s yield potential, improving regulatory clarity, and corporate treasury adoption. The sudden shift might be due to renewed interest in hedge assets in expectation of further macro uncertainties. Indeed, compared to “digital gold”, Ethereum continues to face more regulatory ambiguity over its potential classification as a security. Still, the altcoin continues to play a pivotal role in decentralized applications (dApps), smart contracts, and tokenization, so the brief reversal of fortune does not at all spell immediate irrelevance. Bitcoin price rebounds In light of the renewed inflows, Bitcoin price rose over 2% on the daily chart, trading at $111,630 at the time of writing on Wednesday, September 3. BTC price. Source: Finbold The uptick marks the asset’s attempt to break its two-week daily downtrend, but the market appears divided, as September is usually a period of weakness for Bitcoin . Federal Reserve policy expectations are contributing to the uncertainty, as rate cuts could lead to increased liquidity flows into risk assets such as crypto . All in all, the world’s largest cryptocurrency is back in its critical $110,000–$111,000 support range, with over $17 billion at risk of liquidation past the $112,000 mark based on Coinglass data . Featured image via Shutterstock The post Bitcoin ETFs are crushing Ethereum ETFs appeared first on Finbold .
In recent years, Australia has seen a remarkable shift in its economic landscape with the incorporation of cryptocurrencies across various industries, notably in online gambling. This digital shift is revolutionizing how transactions are conducted, enhancing the overall user experience for players. The Digital Currency Revolution in Australia As Australia embraces a digital transformation, sectors across the board are turning to cryptocurrencies to streamline operations and secure customer trust. The growth in the cryptocurrency market has been particularly significant in Australia, with estimates suggesting it reached 49.9 AUSD billion in 2024 and is projected to hit 114 AUSD billion by 2033. Such growth is largely due to the increased acceptance and understanding of digital currencies amongst Australians. The Australian government's proactive stance in regulating cryptocurrencies has also played a crucial role. This regulatory framework has encouraged a safe and innovative environment for individual and institutional investors alike. This is evident in the surge of Australian online casinos embracing cryptocurrencies for secure and efficient transactions. Gaming review sites have become essential in guiding players to suitable platforms that align with their preferences. Enhancing the Gaming Experience with Cryptocurrencies The integration of digital currencies like Bitcoin and others listed on this resource within the gambling industry has provided Australian players with several advantages, significantly enhancing the online gaming experience. Faster and More Secure Transactions One of the standout benefits of using cryptocurrencies in online casinos is the speed of transactions. Unlike traditional banking methods, which can be slow, especially for international transactions, cryptocurrencies provide instant transfers. This efficiency allows players to deposit and withdraw funds swiftly, keeping the game moving without unnecessary delays. Cost-Effectiveness of Digital Transactions Moreover, the transaction fees associated with cryptocurrencies are significantly lower. By minimizing the intermediaries involved in each transaction, as detailed on Investopedia , casinos can offer their services at a reduced cost. This saving is often passed on to the players, allowing them to maximize their winnings without worrying about high transaction fees. Unmatched Security and Privacy Security is another critical area where cryptocurrencies shine. Blockchain technology, which underpins these digital currencies, provides robust security and transparency, as highlighted on resources like CryptoDaily . For players, this means enhanced security and privacy, safeguarding against fraud and identity theft, and ensuring that all transactions are transparent and tamper-proof. Looking Ahead: The Future of Crypto in Australian Gambling The future of cryptocurrencies in the Australian gambling market looks promising. As more online casinos incorporate blockchain technology, the benefits of game fairness and operational transparency are likely to create a more trusted gambling environment. However, with the rapid adoption of these technologies, maintaining stringent regulations will be crucial to mitigate potential risks and ensure player safety. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
Cryptocurrencies are becoming increasingly popular all around the world in key markets like the US, Europe, and especially Australia. Bitcoin has regained investor confidence while stablecoins are increasingly integrated into traditional finance. Thanks to key innovative industries such as finance, crowdfunding, and most importantly, gaming and gambling industries, the adoption of cryptocurrency has accelerated at an unprecedented pace. In Australia, cryptocurrency has evolved significantly, especially with the Australian government’s proactive approach in regulating it. This approach has fostered a climate of innovation and trust, encouraging both institutional and individual investors to participate in the market. Additionally, the integration of cryptocurrency in its gaming and gambling sector has opened new opportunities and even improved financial transaction efficiency within. Below, let us peek into the growth of the cryptocurrency market in Australia and how this digital asset is transforming the online gambling experience of Australian players. Growth of Cryptocurrency Market in Australia Australia is experiencing a digital revolution in almost all of its sectors. This digital revolution meant making access more seamless, transactions more efficient, and most importantly improving security in its key sectors. Accordingly, this digital revolution also meant adopting assets that offer more transparency that ultimately enhances consumer trust. As key sectors embrace the revolution, they have adopted cryptocurrencies not only to allow individuals to grow their investments but also to improve efficiency with transactions. Australia’s adoption of these digital assets as part of its digital revolution resulted in its cryptocurrency market reaching revenue of 49.9 AUSD billion in 2024 and is expected to reach 114 AUSD billion by 2033. This growth can be attributed to the rising awareness of cryptocurrency among Aussies and its increasing integration in the gaming and gambling industries. As more Aussie gamers are getting comfortable and confident with cryptocurrencies, many are now looking for Australian online casinos that use cryptocurrency for bets, deposits, and withdrawals to enhance their gaming experience. This trend makes gaming review sites crucial, as it allows gamers to make informed decisions as to which platform best suits their needs and preferences. Recognizing the immense potential and advancements within the gaming and gambling industry, the adoption of digital assets has allowed cryptocurrency to further flourish. This adoption allowed the continuous growth of cryptocurrency not only within the gaming and gambling industry but also in the entire country. Cryptocurrency and Gambling Experience of Aussie Gamers The integration of cryptocurrency in the gambling industry is revolutionizing the gaming experience for Aussie players. This emerging trend is driven mostly by the unique advantages cryptocurrencies offer. Faster Transactions Seeing how online casinos are constantly improving their services to increase their customer base, many online casinos are increasingly adopting cryptocurrency as a deposit and withdrawal option. Considering that traditional banking options can be slow, especially for international transactions, when online casinos offer cryptocurrencies to their gamers, it offers instant transfers, allowing players to deposit and withdraw funds quickly, thereby enhancing the overall gaming experience. Lower Fees Aside from faster transactions, the adoption of cryptocurrency as a deposit and withdrawal option allows gamers to access a payment option that has the lowest fees . Cryptocurrencies are run through a blockchain, and since they do not go through the standard number of intermediaries like banks and other financial companies, they can facilitate cheaper transactions. This decentralization allows gamers to retain more of their winnings and, as a result, allows players to focus more on the gameplay rather than worrying about the expenses they may incur when they do deposits and withdrawals. Improved Security and Privacy Cryptocurrencies provide a high level of security as they are run through blockchain technology. Therefore, this assures gamers that every transaction they make is both secure and transparent. For Aussies, this means their financial information is protected, reducing the risks of fraud and identity theft. By online casinos leveraging blockchain technology, they make players comfortable with using their digital currencies, as it adds an extra layer of confidence for players knowing that every transaction they make on the platform is permanently recorded and cannot be altered. The Future of Cryptocurrency in Aussie Gambling As the adoption of cryptocurrency continues to rise in Australia, the gaming and gambling industry is set on further witnessing various transformations. With more online casinos adopting cryptocurrencies on their platform, this only means that the use of blockchain technology continues to evolve and gain popularity. Accordingly, this also means that gaming platforms also get to improve their game fairness and transparency, promising a more trustworthy gambling environment. However, while it is commendable that more and more Aussies are adopting it in various key industries, it is important that regulations need to keep up. Without appropriate oversight, potential risks associated with its rapid implementation could outweigh the benefits offered by cryptocurrencies. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
European Central Bank (ECB) President Christine Lagarde urged European Union (EU) lawmakers to impose stringent requirements and safeguards on foreign stablecoins. Lagarde argued they should comply with the bloc’s regulatory standards before operating on EU soil, she said in a speech at a European Systemic Risk Board (ESRB) conference in Frankfurt on Wednesday. The ECB president cautioned that during a stablecoin run, investors would be more likely redeem in jurisdictions with stronger protections, such as the EU, where Markets in Crypto-Assets (MiCA) regulation prohibits redemption fees, potentially depleting local reserves. "The risk of liquidity mismanagement across jurisdictions is one we have seen before. Banking groups, for example, are already required to ensure that reserves are available in the part of the group where and when they are needed," Lagarde said. "This is why requirements such as the net stable funding ratio and liquidity coverage ratio apply at every level of consolidation. Multi-issuance schemes replicate these very same risks within a single entity." She emphasized the need for robust regulation to prevent arbitrage and to ensure financial stability across borders. Stablecoins - token pegged to the value of a traditional financial asset such as a fiat currency - have been front and center of developments in the approach to digital assets by governments and regulators in 2025. Major jurisdictions such as the U.S. and Hong Kong have introduced rules for the issuance and treatment of stablecoins, following on from the EU, which handles them through MiCA.
The cryptocurrency market registered a mixed performance over the past 24 hours, with Bitcoin (BTC) and Ripple (XRP) marginally up, while Ethereum (ETH) and other altcoins traded in the red. BTC did enough to reclaim the crucial $110,000 mark after falling to an intraday low of $108,540. The flagship cryptocurrency rebounded to reach an intraday high of $111,653 before moving to its current level. BTC is marginally up over the past 24 hours, trading around $110,774. Meanwhile, ETH faced substantially more selling pressure over the past 24 hours. The altcoin has struggled to reclaim $4,500 as bearish sentiment intensified, falling to an intraday low of $4,264. However, it rebounded to reclaim $4,300 and move to its current level of $4,315, down over 2%. Ripple (XRP) is up nearly 1%, while Solana (SOL) is up over 2%, trading around $208. Dogecoin (DOGE) is also marginally up, while Cardano (ADA) is up over 1%, trading around $0.830. Chainlink (LINK) , Stellar (XLM) , and Hedera (HBAR) also registered marginal declines. On the other hand, Litecoin (LTC) , Toncoin (TON) , and Polkadot (DOT) were marginally up over the past 24 hours. Crypto.com Launches First Regulated Sports Prediction Market Crypto.com has partnered with sports betting company Underdog to launch a regulated sports prediction offering. The partnership will see the exchange’s CDNA sports events contracts available on the Underdog platform. According to Underdog, the partnership will enable Americans to access a regulated and secure way of betting on sports outcomes. The offering will also include betting on outcomes in major sports leagues, including the NFL, NBA, and college football. Travis McGhee, Managing Director, Global Head of Capital Markets at Crypto.com, stated, “We are thrilled to partner with Underdog to enhance the sports experience for customers nationwide with the ability to now trade using Underdog’s technology – all in one app. We were the first to offer sports events contracts, and our technology partnership with Underdog will provide more access to CDNA’s innovative offerings.” Prediction markets are becoming increasingly popular. While the field is dominated by Polymarket, several new entrants, including Underdog, are looking to get in on the action. Underdog founder and CEO Jeremy Levine stated, “Prediction markets are one of the most exciting developments we’ve seen in a long time. While still new and evolving, one thing is clear – the future of prediction markets is going to be about sports – and no one does sports better than Underdog.” Coinbase Set To Roll Out Futures Index Coinbase is preparing to launch a futures product that tracks the top US tech stocks, crypto ETFs, and its own shares, offering investors exposure to equities in crypto through a single contract. Coinbase Derivatives announced the launch of the Mag7 + Crypto Equity Index Futures on Tuesday. The futures product, which will launch on September 22, will track the Magnificent 7 tech stocks of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla. It will also track Bitcoin (BTC) and Ethereum (ETH) ETFs and Coinbase stocks. Coinbase stated in an announcement, “Historically, there has been no US-listed derivative that provides access to both equities and cryptocurrencies within a futures product.” The launch is Coinbase’s first major derivatives move since its acquisition of Deribit for $2.9 billion. US Regulators Issue Statement To Clarify Spot Crypto Trading Rules The United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint statement clarifying rules to oversee and enable spot crypto trading in the US. The regulators clarified that existing laws do not prevent regulated US or foreign exchanges, including national stock exchanges (NSEs), designated contract markets (DCMs), and foreign boards of trade (FBOTs), from listing spot crypto products, including those with leverage and margin features. The move comes after the President’s Working Group on Digital Asset Markets recommendations, which urged regulators to provide regulatory clarity to keep blockchain innovation within the United States. “Today, the Divisions provide their view that DCMs, FBOTs, and NSEs are not prohibited from facilitating the trading of certain spot crypto asset products. Market participants are invited to engage with SEC staff or CFTC staff, as needed.” Metaplanet Greenlights $3.7 Billion Bitcoin (BTC) Accumulation Strategy Japanese investment firm Metaplanet has secured approval to overhaul its capital structure, clearing the way for it to raise up to $3.7 billion in fundraising to support its Bitcoin (BTC) accumulation strategy. Investors backed the firm’s plan to expand its authorized shares to $2.7 billion and introduce a dual-class preferred stock system to attract investors while maintaining shareholder control. The new structure offers Class A shares with fixed dividends for income-focused investors, and Class B shares that carry higher risk, but can be converted into common stock. Bitcoin (BTC) Price Analysis Bitcoin’s (BTC) recovery has stalled after crossing $111,000, with the flagship cryptocurrency marginally down during the ongoing session. BTC has recovered well this week despite ending the weekend in the red. The flagship cryptocurrency fell to an intraday low of $107,250 on Monday but rebounded to cross $109,000 and settle at $109,240. The price continued pushing higher on Tuesday, rising nearly 2% to reclaim $110,000 and settle at $111,247. However, the current session sees the price marginally down at $111,051. Analysts believe BTC faces a critical test that will decide the trajectory of its next major price move. According to veteran trader Peter Brandt, BTC has room for a final push towards the $150,000 mark. However, he added that the flagship cryptocurrency has very little time to make such a move. “I think there is still room for one more big thrust, perhaps to $125,000 to $150,000, but it is running out of time. The market feels toppy.” Brandt added that BTC’s price is entering the period where he thought it would hit a ceiling. However, with BTC holding above key levels, the veteran trader believes it could push higher, as long as it holds above $105,000 and $107,000. However, he warned that if prices fell below these levels, a substantial correction could be on the horizon. Brandt also warned that BTC faces a substantial barrier that could prevent a push higher and place the flagship cryptocurrency within a danger zone. The investor stated on X, “Most of you crypto nerds know about the huge sell order that came into the BTC market over the weekend. Some of you discount it as unimportant. I am not so quick to judge that. It represented SUPPLY. Tops in markets are created by SUPPLY or DISTRIBUTION. BTC needs to get back above 117570 to discount the past 7 weeks as a possible double top.” BTC started the previous week in the red, dropping to a low of $110,635 before settling at $113,478 on Sunday. Selling pressure intensified on Monday as the price fell almost 3% and settled at $110,127. Despite the overwhelming bearish sentiment, BTC recovered on Tuesday, rising 1.51% to cross $111,000 and settle at $111,788. Selling pressure returned on Wednesday as the price fell 0.48% to $111,253. However, BTC was back in positive territory on Thursday, rising 1.19% to reclaim $112,000 and settle at $112,574. Source: TradingView Selling pressure returned on Friday as BTC plunged nearly 4% to go below the $110,000 level and settle at $108,378. The price recovered on Saturday, rising 0.41% to $108,827, but was back in the red on Sunday, dropping 0.53% to $108,247. Buyers returned to the market on Monday as BTC started the week in positive territory. As a result, the price rose almost 1% to reclaim $109,000 and settle at $109,240. Bullish sentiment intensified on Wednesday as BTC rallied, rising nearly 2% to cross $111,000 and settle at $111,247. The current session sees the price marginally down, trading around $111,033. Ethereum (ETH) Price Analysis Ethereum (ETH) remains muted, with neither buyers nor sellers able to influence price action. The world’s second-largest cryptocurrency ended Sunday with a marginal increase, but was back in the red on Monday, dropping almost 2% to $4,315. It registered a marginal rise on Tuesday but is back in the red during the ongoing session, down 0.35%. The altcoin is down 15% from its August 24 all-time high, and is struggling to stay above the $4,300 mark. ETH’s pullback is part of a broader market correction due to worsening macroeconomic conditions. While derivatives metrics are showing little to bring cheer, on-chain indicators suggest ETH could cross $4,500 in the near term. Investor sentiment has waned over the past few days as President Trump continues attacking trading partners. The latest salvo was against the Prime Minister of India, Narendra Modi. Trump criticised the country after the Indian Prime Minister met with Chinese and Russian leaders on Monday. However, it's not all doom and gloom. Ethereum’s network activity registered a substantial uptick. Network activity rose 30% to overtake Tron as the highest-grossing network. Ethereum’s total fees reached $16.3 million, more than double Solana’s $7.9 million. Ethereum dApps generated $46 million in fees in August, a 36% increase from the previous month. In contrast, Solana dApp fees fell 10%. Institutional interest and adoption also persist, with corporations adding over 2 million ETH to their reserves over the past month. According to data from StrategicETHReserve, corporate entities including Bitmine Immersion Tech (BMNR), SharpLink Gaming (SBET), and The Ether Machine (ETHM) hold a combined 4.71 million ETH, valued at over $20 billion. Companies are also deploying capital into Ethereum-based dApps. ETH’s price action was mixed over the previous weekend, dropping 1.08% on Saturday before registering a marginal increase on Sunday to settle at $4,780. However, selling pressure intensified on Monday as the price fell by over 8% to $4,380. It recovered on Tuesday despite sell pressure, rising over 5% to reclaim $4,600 and settle at $4,603. Price action returned to bearish on Wednesday as ETH fell over 2% to $4,509. Source: TradingView ETH faced volatility on Thursday as buyers and sellers struggled to establish control. Buyers gained the upper hand as the price registered a marginal increase. The price returned to bearish territory on Friday, falling 3% to $4,362. However, ETH recovered over the weekend, rising 0.28% on Saturday and 0.46% on Sunday to settle at $4,394. It started the current week in the red, dropping nearly 2% on Monday and settling at $4,315. Price action remained muted as buyers and sellers struggled to take control. As a result, ETH registered only a marginal increase on Tuesday. The current session sees the price marginally up, trading around $4,351. Solana (SOL) Price Analysis Solana (SOL) recovered strongly on Tuesday, breaking out of its downward trajectory. The altcoin spent the weekend in the red, dropping to $200 on Sunday. Selling pressure persisted on Monday as SOL fell to $197. However, it rebounded on Tuesday to reclaim the $200 level. However, its rally has stalled during the ongoing session, with the price marginally down. Despite SOL’s recent price struggles, market analysts remain optimistic about its price prospects. However, one trader believes speculation of SOL hitting four figures this cycle is “pure hopium.” Crypto trader The Bitcoin Express stated, “SOL is never hitting $1,000 this cycle. Market cap = ATH, yet price per token is still below 2021 ATH. SOL can keep climbing, but inflationary supply keeps the per-token price down. I love SOL long-term, but $1k this cycle is pure hopium.” The trader argued that while SOL’s market cap is near record levels, token inflation is keeping prices low. SOL ended the previous weekend in positive territory, rising 1.73% on Saturday and 0.93% on Sunday to settle at $206. Despite the positive sentiment, SOL registered a sharp drop on Monday, falling over 9% from $200 to $187. SOL recovered on Tuesday, rising nearly 5% and settling at $195. Bullish sentiment persisted on Wednesday as the price surged to an intraday high of $212 before losing momentum and settling at $203, ultimately rising 3.62%. Source: TradingView Buyers retained control on Thursday as SOL continued pushing higher, rising nearly 6% to settle at $214. SOL lost momentum on Friday as selling pressure returned. As a result, the price fell 4.35% and settled at $205. Selling pressure persisted over the weekend as the price fell 1.17% on Saturday and 0.99% on Sunday to settle at $200. Sellers retained control on Monday as SOL fell 1.69% to $197. Despite the overwhelming selling pressure, SOL rebounded on Tuesday, rising over 6% to reclaim $200 and move to $209. The price is marginally up during the ongoing session, trading around $210. Uniswap (UNI) Price Analysis Uniswap (UNI) started the previous weekend with a substantial decline, falling over 11% to slip below $10 and settle at $9.70. The price recovered on Tuesday, rising 2.59% to settle at $9.95. However, it lost momentum on Wednesday, dropping 0.99% to $9.86. Price action returned to positive on Thursday as UNI rose 1.64% to reclaim $10 and settle at $10.02. Bearish sentiment returned on Friday as the price fell nearly 4%, slipping below $10 and settling at $9.63. Source: TradingView Price action was mixed over the weekend as UNI rose 1.04% on Saturday before dropping 1.24% on Sunday to settle at $9.61. Selling pressure intensified on Monday as the price fell almost 3% and settled at $9.34. UNI recovered on Tuesday, rising nearly 3% to $9.62. However, the price is back in the red during the ongoing session, down 0.37% and trading at $9.55. Internet Computer (ICP) Price Analysis Internet Computer (ICP) registered a substantial decline on Monday (August 25), dropping over 7% to $4.89. The price recovered on Tuesday, rising over 3% to reclaim $5 and settle at $5.06. However, it was back in the red on Wednesday, dropping 0.70% after reaching an intraday high of $5.15 to settle at $5.02. ICP recovered on Thursday, rising over 2% to $5.14. However, it lost momentum on Friday, dropping over 4% to slip below $5 and settle at $4.91. Source: TradingView Price action remained bearish over the weekend as ICP fell 1.22% on Saturday and 2% on Sunday to settle at $4.75. It faced volatility on Monday as buyers and sellers struggled to establish control. As a result, it reached an intraday high of $4.92, fell to an intraday low of $4.60 before settling at $4.70, ultimately dropping 1.05%. Despite the selling pressure, ICP recovered on Tuesday, rising 3.62% to $4.87. The current session sees the price marginally down, trading around $4.84. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
BitcoinWorld US Bank’s Monumental Return: Bolstering Crypto Custody Services for Institutions The financial world is abuzz with significant news: U.S. Bank, one of America’s premier commercial banks, is officially resuming its US Bank crypto custody services for institutional asset managers. This pivotal development, first reported by Bloomberg, signifies a crucial milestone in the mainstream adoption of digital assets within traditional finance. For institutional investors eyeing the burgeoning cryptocurrency market, this move by a trusted financial giant offers a much-needed layer of security and legitimacy. What Prompted the Initial Pause in US Bank Crypto Custody ? It’s important to understand the journey that led to this announcement. U.S. Bank had initially embarked on a plan to offer these specialized custody services through a strategic partnership with NYDIG, a prominent Bitcoin financial services firm. However, this promising initiative encountered a temporary halt. The primary reason for this pause was the Securities and Exchange Commission (SEC)’s announcement of stricter regulations specifically pertaining to crypto custody. This regulatory tightening prompted a period of careful re-evaluation and adaptation across the financial industry, as institutions sought to ensure full compliance and robust risk management frameworks before proceeding. Initial Ambition: U.S. Bank recognized the growing institutional demand for crypto and sought to meet it. Regulatory Hurdle: The SEC’s enhanced scrutiny created a need for reassessment and updated operational protocols. Strategic Resilience: Despite the pause, U.S. Bank has evidently navigated these complexities, emerging with a refined offering. Expanding Digital Horizons: Beyond Bitcoin in US Bank Crypto Custody ? The bank’s re-entry into the crypto custody space isn’t limited to just Bitcoin. U.S. Bank has also indicated a forward-thinking approach, stating that it is actively considering the inclusion of other cryptocurrencies within its custody offerings. This potential expansion, however, is strictly conditional. Any additional digital assets would need to meticulously meet the bank’s stringent internal standards. These standards typically encompass rigorous assessments of regulatory compliance, technological security, market liquidity, and overall risk profile. This cautious yet progressive stance highlights the bank’s commitment to safeguarding client assets while slowly broadening its service portfolio. This consideration for a wider array of digital assets signals a deeper commitment to the evolving market and acknowledges the diversified portfolios many institutional clients seek. Providing comprehensive US Bank crypto custody solutions is essential for catering to sophisticated investment strategies. Why is Institutional US Bank Crypto Custody a Game-Changer? For institutional investors, the availability of secure, regulated custody services is not just a convenience; it’s a necessity. Historically, the lack of such infrastructure was a significant barrier preventing large asset managers, hedge funds, and corporate treasuries from entering the cryptocurrency market. The resumption of US Bank crypto custody addresses several critical pain points: Unparalleled Security: Clients benefit from enterprise-grade security protocols, robust cold storage solutions, and multi-signature authorization processes, all backed by a trusted financial institution. Regulatory Assurance: Operating under strict banking regulations provides a crucial layer of trust and compliance, reducing the legal and operational risks for institutions. Operational Efficiency: Outsourcing the complex and resource-intensive task of managing private keys and digital asset security frees institutions to focus on their core investment strategies. Auditing and Reporting: Banks can provide the necessary auditing trails and reporting functionalities that institutional investors require for their own compliance and financial reporting. Navigating the Future of US Bank Crypto Custody and Digital Assets While U.S. Bank’s decision is a resounding vote of confidence in the digital asset space, the journey is far from over. The regulatory landscape continues to evolve globally, and financial institutions must remain agile and adaptive. U.S. Bank’s measured approach – particularly its emphasis on internal standards before adding new cryptocurrencies – sets a precedent for responsible innovation. This move underscores the importance of expertise, authoritativeness, and trustworthiness (EEAT) in the burgeoning crypto sector. When a venerable institution like U.S. Bank steps in, it lends significant credibility, encouraging broader institutional participation and potentially catalyzing further regulatory clarity. It’s a clear signal that digital assets are becoming an undeniable part of the financial ecosystem. A Powerful Bridge to Digital Finance The return of U.S. Bank to offering US Bank crypto custody services represents more than just a service offering; it’s a powerful statement. It signifies a vital bridge between the established world of traditional finance and the innovative, yet often volatile, realm of cryptocurrency. By providing institutional investors with the security, compliance, and regulatory assurance they demand, U.S. Bank is not only facilitating confident engagement but actively shaping the future trajectory of digital asset adoption. This development promises to foster greater trust, enhance market liquidity, and accelerate the integration of cryptocurrencies into the global financial fabric. Frequently Asked Questions (FAQs) Q1: What exactly are crypto custody services? A1: Crypto custody services involve securely storing and managing digital assets (cryptocurrencies) on behalf of clients. For institutions, this means a trusted third party, like U.S. Bank, holds the private keys and ensures the safekeeping of their digital investments, mitigating risks associated with hacks, loss, or mismanagement. Q2: Why did U.S. Bank initially halt its crypto custody plans? A2: U.S. Bank temporarily paused its initial plans for crypto custody services after the Securities and Exchange Commission (SEC) announced stricter regulations concerning digital asset custody. This required the bank to re-evaluate and adapt its operational frameworks to ensure full compliance. Q3: Will U.S. Bank offer custody for cryptocurrencies other than Bitcoin? A3: Yes, U.S. Bank has stated it is considering adding other cryptocurrencies to its custody offerings. However, any new digital assets would first need to meet the bank’s rigorous internal standards for security, compliance, and risk assessment. Q4: How does institutional crypto custody benefit asset managers? A4: Institutional crypto custody provides enhanced security, regulatory compliance, and operational efficiency. It allows asset managers to invest in digital assets with confidence, knowing their holdings are protected by a regulated financial institution and that their reporting and auditing needs are met. Q5: What does this move mean for the broader cryptocurrency market? A5: U.S. Bank’s resumption of crypto custody services signals growing institutional acceptance and legitimization of digital assets. It lowers barriers for other large financial players, potentially increasing market liquidity, fostering trust, and accelerating the integration of cryptocurrencies into mainstream finance. The institutional adoption of cryptocurrencies is a rapidly evolving story! If you found this insight into U.S. Bank’s pivotal move valuable, share it with your network. Your thoughts and discussions help shape the future of digital finance! To learn more about the latest institutional crypto adoption trends, explore our article on key developments shaping digital assets and their future price action . This post US Bank’s Monumental Return: Bolstering Crypto Custody Services for Institutions first appeared on BitcoinWorld and is written by Editorial Team
VIENNA, Sept. 3, 2025 /PRNewswire/ -- Bybit EU , the world's second-largest cryptocurrency exchange by trading volume, today announces the official launch of the Bybit Card across the European Economic Area (EEA), marking the new era of crypto convenience in everyday life. To celebrate this milestone, new users who successfully apply in September will enjoy an exclusive 20% cashback on all eligible spending made with their Bybit Card. This special welcome campaign underscores Bybit EU's commitment to driving crypto adoption in Europe by empowering users to seamlessly spend their digital assets at millions of merchants worldwide. "There are months where decades happen, and the digital asset industry is having such a moment — thanks to increasing regulatory clarity and growing institutional as well as grassroots adoption," said Mazurka Zeng, CEO of Bybit EU. "With the Bybit Card, we are excited to give European users a trusted, secure, and rewarding way to make crypto part of their daily lives. By holding one of our cards, members of the community own a piece of crypto history in the making." Exclusive Launch Offers – September 2025 New users may apply for the Bybit Card in just a few clicks and choose a virtual card design that suits their style. All eligible users will receive 20% cashback after the first $100 deposit on crypto-funded transactions made in the first month. Bonus perks include an additional €5 for the very first transaction made within September and referral rewards. Referral Rewards: Earn even more by inviting friends to join. Key Features of the Bybit Card Everyday Crypto Convenience: Spend BTC, USDC, and more instantly — with Apple Pay, Google Pay, or via the physical Mastercard option for global ATM withdrawals. Generous Rewards: No annual fees, and 100% subscription rebates on Netflix, Spotify, and selected AI tools. Lifestyle Perks: Seasonal rewards across travel, transport, fashion, restaurants, and beauty & wellness. Trusted & Secure: MiCAR-compliant, regulated, and designed for the European market. With over 2 million cards issued worldwide, the Bybit Card has already become a trusted payment solution for crypto users. Its launch in Europe represents a critical step in Bybit's mission to bring crypto-powered financial freedom to a broad audience under the EU's clear regulatory framework. The promotion runs on a limited, first-come-first-served basis throughout September. Terms and conditions apply. For details on eligibility and potential restrictions, please visit Bybit.eu *Disclaimer: Card is not available in Croatia, Ireland, Romania, or Norway. Cashback promotion cannot be sponsored in Austria. #BybitEU / #TheCryptoHub / #TheBybitCard About Bybit EU Bybit EU GmbH is the newly established European entity, dedicated to serving clients across the European Economic Area (EEA"*" except Malta) via the Bybit.eu platform. Operated by Bybit EU GmbH, a licensed Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets Regulation (MiCA), Bybit EU delivers fully regulated services, including crypto custody, exchange, and rewards products and more, in full compliance with European regulations for investor protection and market integrity. Bybit EU GmbH is a licensed Crypto-Asset-Service Provider under the Markets in Crypto Assets Regulation (MiCA), authorized to offer the following services to residents of the European Economic Area (except Malta): providing custody and administration of crypto-assets on behalf of clients; exchange of crypto-assets for funds; exchange of crypto-assets for other crypto-assets; placing of crypto-assets; and providing transfer services for crypto-assets on behalf of clients. Bybit EU GmbH is neither the operator of a trading platform for crypto-assets nor provides investment advice. Media Contact: press@bybit.com www.bybit.eu Disclaimer: This press release is provided for informational purposes only and does not constitute investment advice or an offer to buy or sell digital assets. The products and services mentioned herein are subject to applicable laws and regulations in the relevant jurisdictions and may not be available in certain regions. As a centralized exchange, Bybit EU may offer certain products, including staking, that operate on an off-chain basis, where user assets are held by Bybit EU and rewards are calculated and distributed internally without recording transactions on the blockchain. Past performance is not indicative of future results. Users should carefully assess all risks before participating in any digital asset-related activity. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
The SEC and CFTC issued a joint staff statement clarifying that registered U.S. exchanges can facilitate trading in certain spot crypto products, creating a clear regulatory path for spot BTC
Thanks to a major new initiative from the SEC & CFTC as a part of the broader 'Project Crypto.' Plus SOL leads the way again as crypto majors see more green.
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According to a press release published on KuCoin’s website, the crypto exchange signed a memorandum of understanding (MoU) on Wednesday with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix Joint Stock Company. KuCoin claims the three-way partnership is meant to develop blockchain infrastructure, advance digital asset applications, and promote digital economic growth nationwide. “Vietnam is emerging as one of the world’s most dynamic hubs for blockchain and digital assets, fueled by a young, creative, and tech-savvy community ready to pioneer global innovations,” Damen Chen, Vice President and Head of Group Commercial at KuCoin told the press. KuCoin taps Vietnamese crypto groups for market expansion The Southeast Asian country’s pivot from an unknown legal stance on crypto to a framework proposal has opened doors for KuCoin to enter its jurisdiction. At Da Nang Finance and Tech Week earlier this year, Chen talked about the trading platform’s compliance measures like real-time order book data, regular proof-of-reserves reporting, and independent audits to combat fake volumes. The trading platform aims to be part of the first crypto businesses to operate under Vietnam’s digital technology law that was approved by the government in June. The law, slated to take effect in January 2026, could help the country achieve its 150,000 crypto startup economy by 2035, as proposed by the state-sponsored “Make in Vietnam” initiative. KuCoin, VBA to improve Vietnam’s AML compliance In Vietnam, KuCoin is working through its investment arms, KuCoin Labs and KuCoin Ventures, to fund early-stage blockchain projects and, with universities, to develop local talent. The VBA, established under Decision No. 343/QD-BNV by the Ministry of Home Affairs in April 2022, is Vietnam’s first official organization dedicated to blockchain technology. Its mission includes research, standardization, evaluation, and the promotion of blockchain adoption across sectors. Together with 1Matrix, the VBA is helping the country strengthen its position in the Financial Action Task Force ( FATF ) rankings, the global body that sets standards against money laundering and terrorism financing. Vietnam is currently on the FATF “ gray list ” because of its lack of anti-money laundering laws, particularly in regulating virtual assets. On July 25, the association announced its new name: Vietnam Blockchain and Digital Assets Association will replace its previous title, the Vietnam Blockchain Association. At its General Meeting, the VBA approved the addition of eight new executive committee members, increasing its leadership body to 28. Chairman Phan Đức Trung was appointed alongside three vice chairpersons: Nguyễn Vân Hiền, Nguyễn Trọng Khang, and Phan Chiến Thắng. Danang launches crypto payment project KuCoin’s MoU comes against the backdrop of the People’s Committee of Danang approving Basal Pay, the nation’s first crypto asset conversion project. Operated within the city’s controlled fintech sandbox to test blockchain asset service provisions under Resolution No. 57/NQ-TW. Basal Pay was developed by AlphaTrue Solutions JSC, a VBA member, in compliance with the Financial Action Task Force’s Travel Rule. According to the National Statistics Office, the city welcomed nearly 11 million tourist arrivals this year, which pushed service revenues to an estimated VND18 trillion ($682.7 million). Vietnam’s state-controlled Military Bank partnered with Upbit’s parent company Dunamu to launch the country’s first digital currency exchange, Cryptopolitan reported in August. Sign up to Bybit and start trading with $30,050 in welcome gifts
Global cryptocurrency exchange KuCoin has entered into a strategic Memorandum of Understanding (MoU) with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix Joint Stock Company, aiming to accelerate blockchain development and digital infrastructure in Vietnam. The agreement supports the nation’s broader National Blockchain Strategy (2025–2030) and reflects KuCoin’s continued focus on emerging markets. The partnership is designed to facilitate the growth of Vietnam’s digital economy by leveraging KuCoin’s global technical expertise, 1Matrix’s on-the-ground infrastructure capabilities, and VBA’s policy advocacy and standardization efforts. Key initiatives include the development of pilot trading platforms, digital payment systems, e-identity solutions, and tools for risk management aligned with international standards. Under the terms of the MoU: KuCoin will lead the transfer of advanced blockchain technologies and global best practices. 1Matrix will handle implementation and infrastructure management within Vietnam. VBA will drive policy support, community engagement, and the formation of technical standards. This tripartite framework is intended to create a transparent, secure, and sustainable digital financial ecosystem, while also enabling Vietnamese startups to access international markets and foster broader economic inclusion. “Vietnam is emerging as one of the world’s most dynamic hubs for blockchain and digital assets, fueled by a young, creative, and tech-savvy community ready to pioneer global innovations,” said Damen Chen, Vice President and Head of Group Commercial at KuCoin. “Through this strategic partnership with VBA and 1Matrix, KuCoin is excited to co-develop blockchain technology and commit to long-term collaboration in building community trust, advancing digital asset education, and nurturing Vietnam’s blockchain startup ecosystem. Our shared goal is to create a transparent, secure, and internationally competitive market, elevating Vietnam as a pivotal landmark on the global blockchain map.” KuCoin’s emphasis on compliance, transparency, and user protection remains central to its operations. During his remarks at the Da Nang Finance and Tech Week, Chen highlighted the exchange’s real-time order book transparency, ongoing proof-of-reserves reporting, and independent audits, measures designed to combat inflated volumes and reinforce trust. KuCoin was also among the first major exchanges to implement mandatory KYC and AML procedures, and it continues to participate in regulatory dialogues, sandbox environments, and policy formulation efforts worldwide. In Vietnam, KuCoin Labs and KuCoin Ventures are actively investing in early-stage blockchain projects and collaborating with universities and developer communities to support talent development and adoption of technologies such as tokenization and DeFi. Phan Duc Trung, Chairman of both VBA and 1Matrix, underscored the significance of the collaboration, stating that it will help boost Vietnam’s digital asset sector, support international integration, and contribute to building a transparent and sustainable financial future. The Vietnam Blockchain and Digital Assets Association (VBA) was officially established under Decision No. 343/QD-BNV by the Ministry of Home Affairs in April 2022. It functions as Vietnam’s first national organization focused on blockchain advocacy, standardization, and education. 1Matrix, a member of VBA, plays a key role in the development of blockchain infrastructure in the country. It leads the creation of the Vietnam Blockchain Multi-Chain Service Network (VBSN), a platform that supports layer-1 blockchain deployment, digital identity, and data governance for public-sector and enterprise use. The MoU lays the groundwork for a new operational model in Vietnam’s blockchain industry and reinforces the country’s ambition to become a leader in digital transformation on the global stage. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
US Bancorp resumed digital asset custody services for institutional clients following the SEC rule rollback under the Trump administration.