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Bybit, the world’s second largest crypto exchange by trading volume, has enabled USD coin deposits and withdrawals on XDC Network with zero gas fees. The exchange launched a $200,000 USDC promotion for new users. Using Token Terminal analytics, we found that USDC is one of the two fastest growing stablecoin networks worldwide, with an increase in volume for total deployments growing by more than 91% in less than 30 days. Strategic Partnership with Circle to Increase USDC Integration Bybit integrated with XDC days after announcing a comprehensive strategic cooperation with Circle Internet Group, a US dollar stable currency issuer. The…

Q4 started strong for crypto and DeFi after a broadly bullish Q3, but the markets quickly slid into fear and uncertainty as hopes of macro easing faded and amid renewed artificial intelligence (AI) overvaluation fears. Over-leveraged positions in Bitcoin and DeFi unraveled, triggering forced selling and a painful reset. “Q4 was defined by a major leverage reset, with Bitcoin’s sharp pullback forcing a broader reassessment of risk,” Bitget CMO Jamie Elkaleh wrote in correspondence with the Investing News Network (INN). Risk-off sentiment sent Bitcoin falling from an all-time high near US$126,000 in October to a late-November trough below US$86,000. It…

A sudden mint and dump event wiped out nearly 90 percent of PIGGY token’s value, rattling investors and raising tough questions for Binance Alpha and Piggycell. Quick Summary – TLDR: PIGGY token plunged by 90 percent after millions of tokens were suddenly minted and dumped. The wallet behind the mint is under investigation by on-chain analysts. No official response from Piggycell or Binance Alpha has added to market anxiety. Traders fear a rug pull as scrutiny mounts over smart contract design and listing safeguards. What Happened? In just minutes, the PIGGY token associated with Piggycell crashed by nearly 90 percent…

Over 30 crypto companies and fundraisers have raised approximately $16 million (HK$124 million) for Hong Kong fire relief efforts.

Coinbase’s institutional arm has predicted that the crypto market could recover this month after a significant downturn last month. The firm further outlined reasons the market could rebound, including improved liquidity, with the Fed notably ending quantitative tightening (QT). Coinbase Predicts A December Recovery For Crypto Market In an X post, Coinbase institutional stated that the crypto market may be poised for a December recovery as liquidity improves. The firm’s research team noted that odds of a Fed rate cut are at new highs while macro tailwinds build. It’s beginning to look a lot like a recovery. We think crypto…

Bitcoin’s recent rebound came as traders raised the probability of a December Federal Reserve rate cut, the dollar eased, and attention turned to who will lead the central bank after Jerome Powell’s term ends in 2026. Futures markets moved the odds of a 25-basis-point cut this month into the mid-to-high 80% range, a shift that loosened financial conditions and coincided with a ninth straight daily decline in the dollar.The move helped pull BTC out of the $84,000–$87,000 range back toward $93,000 after a volatile November that saw leveraged crypto products and proxy equities whipsawed.Spot levels hovered near $92,300 in mid-week…

The chorus of voices calling for a presidential pardon of Samourai wallet developers Keonne Rodriguez and William Lonergan Hill is growing, as Bitcoin advocates and policy groups call on President Donald Trump to intervene before the pair report to prison next year.Rodriguez and Hill were sentenced in November to five and four years in prison, respectively, after pleading guilty to conspiring to operate an unlicensed money-transmitting business. Under a plea deal, each admitted only to conspiring to run an unlicensed money-transmitting business, with the laundering charge dropped. Both men are due to report to prison in early January 2026, unless…

Market maker Citadel Securities has recommended that the Securities and Exchange Commission tighten regulations on decentralized finance when it comes to tokenized stocks, causing backlash from crypto users.Citadel Securities told the SEC in a letter on Tuesday that DeFi developers, smart-contract coders, and self-custody wallet providers should not be given “broad exemptive relief” for offering trading of tokenized US equities.It argued that DeFi trading platforms likely fall under the definitions of an “exchange” or “broker-dealer” and should be regulated under securities laws if offering tokenized stocks.“Granting broad exemptive relief to facilitate the trading of a tokenized share via DeFi protocols…

Noteworthy S&P 500 Movers on Wednesday 10 hr 21 min ago Advancers Shares of Microchip Technology (MCHP) surged 12.2%, posting the S&P 500’s strongest daily performance. The maker of microcontrollers and other semiconductors raised its quarterly forecast for net sales and adjusted earnings per share, highlighting strong bookings activity and an improving backlog. Shares of fellow chipmakers ON Semiconductor (ON) and NXP Semiconductors (NXPI) rose 11% and 5.7%, respectively. Vertex Pharmaceuticals (VRTX) shares added 6.9% after Morgan Stanley upgraded the stock to “overweight” from “equal weight” and lifted its price target. Analysts pointed to growing optimism around Vertex’s pipeline of…

I find myself cackling on the phone as Steve Johnson, 72, wades through his basement in the Atlanta suburbs, describing “all the crap” his four adult children have left behind. There are vinyl records, Braves bobble-heads, Pink Floyd posters, a drum, guitar stands, books, mounds of CDs. “Is this a picture of Bob Marley? Oh my God. Bob Marley is in my basement still,” Johnson says, one of half a dozen exclamations invoking the Almighty’s name during our conversation. His daughter’s old exercise ball gets an audible, “Ugh.” The camping gear from his kids’ festival days gets another, “Oh my…