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Crypto & Web3

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Crypto & Web3CoinDesk ·

Bitcoin and tech stocks pressured by rising bond yields and oil prices

Risk assets, including Bitcoin and technology stocks, faced significant selling pressure on Monday. This downturn was driven by a simultaneous increase in U.S. Treasury yields and a rally in global oil prices. A strengthening U.S. dollar further contributed to the negative sentiment across financial markets. As a result, the price of silver also declined, falling below the threshold of $59 per ounce.

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Crypto & Web3CoinDesk ·

Bitcoin Dips Below $83,000 Amid Debate Over AI Security Threat

Bitcoin's price fell below the $83,000 mark amidst a debate within the cryptocurrency community. The discussion was sparked by Ethereum researcher Justin Drake, who urged the sector to prepare for a potential future threat. He warned that advanced artificial intelligence could one day break the cryptography securing digital wallets. This call for a 'bunker mode' preparedness received mixed reactions from industry observers.

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Crypto & Web3CoinDesk ·

Greece plans 10% tax on cryptocurrency capital gains starting November

The Greek government is preparing to introduce a capital gains tax on cryptocurrency holdings. A draft bill, set for parliamentary submission in November, will impose a 10% tax on profits from crypto assets. This new tax will include an annual exemption for gains up to 500 euros (approximately $560). The move aims to regulate and integrate cryptocurrency transactions into the nation's tax framework.

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Crypto & Web3CoinDesk ·

Samsung adds USDC support for cross-border remittances for Galaxy users

Samsung announced it will integrate the USDC stablecoin into select Galaxy devices to facilitate cross-border remittances. The service is scheduled to launch in late October for eligible users. It will allow them to send USDC abroad or convert it to local currency payouts in over 60 countries. This move aims to overhaul and streamline international money transfers for Samsung's user base.

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Crypto & Web3CoinDesk ·

Ripple enters stock lending market via acquisition of Hidden Road

Cryptocurrency company Ripple has acquired financial infrastructure firm Hidden Road for $1.25 billion. This purchase allows Ripple to enter the leveraged stock financing business traditionally dominated by banks. The business involves charging fees to funds seeking to amplify daily price movements in stocks like Nvidia. The acquisition represents Ripple's expansion into a new sector of financial services.

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Crypto & Web3CoinDesk ·

Bitcoin Loans Fund Tuition, Business Costs Beyond Trading

Lenders report that Bitcoin-backed loans are being used for purposes like paying tuition and business operating costs. Borrowers are leveraging their Bitcoin holdings to obtain liquidity without having to sell the cryptocurrency. This trend indicates the financial product is maturing beyond speculative trading uses. The development points to Bitcoin's increasing integration into broader credit and financial systems.

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Crypto & Web3CoinDesk ·

Ethereum Test Network Processes Near 200 Million Gas Per Block Post-Upgrade

Ethereum's Sepolia test network conducted a major trial following a recent upgrade. The test increased the network's processing capacity per block to over 200 million gas, more than triple its previous budget. In practice, sampled blocks used less than half of this newly available allowance. The rehearsal is part of preparations for future improvements to the Ethereum blockchain.

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Crypto & Web3CoinDesk ·

Bitcoin Dips Below $83K Amid Surge in Oil Prices

Bitcoin fell below $83,000, a level analysts suggest could lead to a quick drop toward $80,000. This decline coincided with a sharp rise in Brent crude oil prices to over $102 per barrel. The oil price surge followed reports of potential military strikes against Iran. The higher oil prices also contributed to U.S. Treasury yields nearing their highest levels since 2002.

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Crypto & Web3CoinDesk ·

Polygon integrates TRON's USDT for cross-chain transfers without intermediaries

Polygon has integrated access to TRON's substantial supply of USDT stablecoins for cross-border transfers. The integration allows businesses to move USDT between the TRON and EVM-compatible networks. This process is designed to occur without needing a separate wallet provider, bridge, or fiat-ramp operator. The move aims to facilitate smoother and more direct asset transfers across different blockchain systems.

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Crypto & Web3CoinDesk ·

Gate Rebrands, Bets on All-in-One Crypto Money App as Key Trend

Cryptocurrency exchange Gate has undergone a major rebrand focused on its Gate Money application. The app integrates multiple financial services, including accounts, asset conversion, savings, and card payments. This strategic shift aims to expand Gate's reach beyond its core trading customer base. The company believes this type of integrated financial product represents the biggest consumer trend in crypto for this year and the next.

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Crypto & Web3CoinDesk ·

Grayscale Researcher Links AI Threat to Crypto Privacy, Highlights Zcash Shielded Pool

Michael Zhao of Grayscale Research argues that AI has made it inexpensive to link cryptocurrency wallets to their real-world owners. He notes the blockchain's permanence further compounds this privacy risk. Zhao points to Zcash's shielded transactions as a key solution to this problem. His data shows nearly 29% of all mined ZEC is now held in this privacy-focused shielded pool.

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Crypto & Web3CoinDesk ·

Kazakhstan Central Bank Partners With Tether to Explore Digital Tenge, Asset Tokenization

The National Bank of Kazakhstan has entered a partnership with stablecoin issuer Tether. The collaboration will focus on developing a digital tenge-linked stablecoin and exploring tokenized real-world assets. This initiative aims to study the potential applications of blockchain technology in the country's financial system. The central bank announced the agreement but did not provide a specific timeline for implementation.

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Crypto & Web3CoinDesk ·

Europol warns quantum computers may compromise crypto private keys

Europol, the European Union's law enforcement agency, has issued a warning about quantum computing threats to cryptocurrency. The agency stated that quantum computers primarily endanger exposed private cryptographic keys, not the underlying blockchain technology. It urged developers, exchanges, and users to begin a gradual transition to post-quantum security measures. This proactive migration is intended to prevent potential future unauthorized transfers of digital assets. The call to action emphasizes immediate preparation for this long-term cryptographic risk.

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Crypto & Web3CoinDesk ·

Bitmine to halt Ethereum purchases after reaching 5% ownership target

Fundstrat's Tom Lee stated that Bitmine will cease its accumulation of Ether upon reaching a 5% ownership threshold. The company began its purchasing program in mid-2025, systematically building its holdings. This strategy has established Bitmine as the world's largest single holder of Ethereum. The planned halt removes a consistent buyer from the market, potentially impacting future demand dynamics.

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Crypto & Web3CoinDesk ·

Swift's Blockchain Network Requires Key Internal Banking Infrastructure, Taurus Warns

Taurus co-founder Lamine Brahimi has stated that banks require specific internal systems before adopting Swift's tokenized deposit network. He explained that these prerequisites include a proprietary permissioned ledger, specialized wallet tools, and smart-contract capabilities. The comments were made during a discussion about the infrastructure needed for Swift's blockchain-based financial services. This highlights a key technical hurdle for traditional banks seeking to utilize Swift's new network for asset tokenization.

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