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U.S. President Donald Trump has officially nominated Federal Deposit Insurance Corp. (FDIC) acting chair Travis Hill to spearhead the agency during his second term in the White House, Reuters reported on Wednesday. Acting FDIC Chair Travis Hill Officially Nominated To Position According to the October 1 report, an anonymous source confirmed to the media outlet…

Societe Generale, one of Europe’s most influential banks, just launched an ambitious new DeFi initiative – strengthening the case for a bullish Ethereum price prediction. Through its digital assets arm SG-Forge, the bank announced the rollout of two stablecoins – USDCV and EURCV – pegged to the U.S. dollar and euro. Both will operate on…

The Blockchain Association, one of the United States’ leading crypto trade groups, is calling on Congress to “work together” amid a historic government shutdown, in a statement released on September 30. Blockchain Association Calls on Congress for Crypto Momentum According to a thread posted on the Blockchain Association’s official X account, the digital asset organization…

Bitcoin extended its rally into October, breaking above $117,000 for the first time since mid-September as fresh U.S. labor market data boosted expectations of Federal Reserve rate cuts. The world’s largest cryptocurrency jumped more than 4% on the day, decisively shattering the $115,000 resistance zone. The move came after the Automatic Data Processing (ADP), a…

ChatGPT’s XRP analysis reveals XRP surging +3.78% to $2.9543 with strong bullish momentum as the Bank of Japan’s SBI announces an official XRP lending program for institutional payments, while Ripple CTO David Schwartz announces his exit from the company. At the same time, XRP shows exceptional technical strength, trading above all major EMAs, including the…

VisionSys AI saw its shares plunge more than 57% on Wednesday after the company unveiled an ambitious plan to launch a $2 billion Solana (SOL) treasury program in partnership with staking provider Marinade Finance. The AI-powered healthcare and biotech solutions firm said its subsidiary, Medintel Technology, signed an exclusive partnership with Marinade to build one…

Bitcoin (BTC) has pushed through the $117,000 liquidity wall, climbing close to $118,000 as renewed strength from U.S. spot ETF inflows puts the bulls back in control. Data from SoSoValue shows ETFs recorded $429.9 million in net inflows on September 30, marking the second consecutive day of gains and driving October’s early momentum. BlackRock’s IBIT…

Bank of England Governor Andrew Bailey has outlined plans to grant widely used stablecoins access to central bank accounts while warning the tokens could reshape Britain’s financial system. According to a report from the Financial Times, Bailey described stablecoins as a technology that could separate money holding from credit provision, potentially reducing the role of…

Japanese cryptocurrency company SBI Crypto has fallen victim to a $21 million hack that blockchain investigators have traced to suspected North Korean hackers. The incident adds to a growing list of high-profile cyberattacks attributed to North Korea’s state-backed cyber units, which have stolen billions of dollars from the digital asset sector in recent years. The…

On September 30, blockchain data showed Tether transferring 8,888.889 Bitcoin into its reserve wallet. At the time of the move, the transaction was valued at approximately $1 billion. The coins came from a Bitfinex hot wallet, a connection that has been noted in previous reserve operations. Both firms are under the same parent company, which…