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Cryptocurrency and Web3 technology are thought to represent the future of finance, providing a decentralized and borderless world where money, data, and assets flow freely. But despite advances and setbacks, the vanguard of a hypothetical future-fit financial sector is fighting the same historic battle on three major fronts: regulatory compliance, legal conflicts, and the inherent complexities of digital assets. Masu. Each week, PYMNTS rounds up the most pressing Web3 news, updates and announcements, tracking key data points along the sector’s efforts across global payments and commerce. Related article: This Week in Web3: Unlocking Blockchain’s Potential within the Payments Ecosystem Traditional…

In Wednesday’s US trading session, the cryptocurrency market showed a bearish outlook as Bitcoin neared the $60,000 mark. Like most major cryptocurrencies, Toncoin price also faced downward pressure, recording a 1.5% intraday loss and approaching the $5 support break. As the TON blockchain sees a new increase in stablecoin supply, will the bearish momentum stabilize and potentially reverse? Stablecoin supply on TON blockchain surges 13x, TONcoin price aims to recover to $6 After the arrest and court drama surrounding Telegram founder Pavel Durov, the TON network is showing signs of resilience. According to Nick Garcia, a crypto enthusiast who received…

advertisement Ki Young Ju, founder and CEO of on-chain analytics platform CyproQuant, believes meme coins can find order and reduce chaos. He made this statement in a post shared on X in response to the predictions of memecoin analyst Murad Makhmudov. Popular memecoin analyst Murad Mahmudov highlighted the relevance of memecoins in the broader crypto market and made a bullish long-term prediction at the Token2049 crypto event in Singapore. Makhmudov predicted that memecoin, currently valued at $40 billion, will have a market capitalization valuation of $1 trillion. The analyst also shared that more than 10 meme coins will reach a…

Ethereum price today: $2,413 Ethereum price is trending towards the $2,395 support level due to strong 50-day SMA resistance. Vitalik Buterin could emerge as the winner of the Nobel Prize in economics based on his novel monetary innovation. Ethereum foreign exchange reserves are trending upward as selling pressure continues. Ethereum (ETH) is trading at $2,413 on Wednesday as it tests support levels near $2,395. If Vitalik Buterin surprisingly emerges as the winner of the Nobel Prize in economics on October 14th, the current bearish outlook for prices could change significantly. Market-moving daily digest: Ethereum could rise after hints that Vitalik…

According to Bitwise Chief Investment Officer Matt Hogan, if there are no surprises in the market and the upcoming election does not impact investor sentiment, Bitcoin (BTC) will reach 80,000 yen by the end of the year. It is said that it could reach US$. Meanwhile, the US government considers Bitfinex to be the sole victim and potential recipient of the 119,754 BTC seized from hackers. Cryptocurrency Today: Bitcoin, Ethereum, XRP Stand Still as Market Faces Potential Oversupply from Bitfinex and the US Bitcoin (BTC) remains above the psychological level of $62,000 despite outflows of $58.2 million across the BTC…

Driven by the continued integration of blockchain technology and the gaming industry, GameFi (gaming + finance) has become a trend that is gaining a lot of attention in the current cryptocurrency world. GameFi combines decentralized finance (DeFi) and gaming, giving players an unprecedented opportunity to not only participate in games, but also earn real profits through trading and investing in virtual assets. In the coming years, the GameFi market is expected to expand rapidly, attracting more and more players and investors into this space. In this wave, Final Glory, a AAA blockchain-based MMORPG masterpiece, is leading a new direction for…

advertisement Canary Capital has applied for permission to offer an exchange-traded fund (ETF) linked to the Ripple-related cryptocurrency XRP. This is the second registration in the US, and comes just a week after Bitwise filed for a similar product. Canary Capital files first Form S-1 for XRP ETF with SEC Cryptocurrency investment firm Canary Capital has taken a major step toward launching an exchange-traded fund tied to XRP. The company filed an S-1 form with the Securities and Exchange Commission on Tuesday, a key requirement for companies seeking to issue new securities and list on public stock exchanges. The fund,…

Despite the Federal Reserve’s dovish remarks in the minutes of the Federal Open Market Committee (FOMC) released on October 9, Bitcoin (BTC) continues to trade in the red, dropping to 61,000. It fell below the dollar.At the time of writing, BTC is trading at $60,935, down 2% in the past 24 hours.FOMC minutes revealed that a “substantive majority” of participants supported cutting U.S. interest rates by 50 basis points this year, to a range of 4.75% to 5%.A minority supported a smaller cut of 25 basis points (bp), citing concerns that a large cut could be seen as premature, but…

South Korea’s Ministry of Strategy and Finance announced on October 8 that it is considering measures to more strictly regulate stablecoins. The decision comes amid mounting criticism that stablecoins are emerging as a hidden threat to foreign exchange markets due to insufficient government oversight. Cross-border usage and growing criticism from the industry According to local media reports, the ministry stressed that stablecoins are primarily used for transactions and exchanges in the virtual asset ecosystem and are playing an increasing role in cross-border transactions. Officials believe these capabilities could soon be extended to major payment and transaction instruments in the real…

Minutes from the Fed’s September meeting further dampened expectations for a 50 basis point (bps) rate cut in November. This provides a bearish outlook for Bitcoin price, given that the market is already pricing in a 50bps rate cut following Fed Chairman Jerome Powell’s dovish speech after the September FOMC meeting. be. Fed September meeting minutes add to uncertainty The Fed’s September meeting minutes will further increase market uncertainty, which is bad for Bitcoin price. Until now, market participants had confidently expected the US Federal Reserve (Fed) to cut interest rates by another 50 basis points at the November FOMC…