Author: CryptoDigestAlert.com

The amount of stablecoins on centralized exchanges rises $10 billion within the past month as more holders gravitate towards the asset, what could this mean for the crypto market? Summary Centralized exchange stablecoin reserves have surged to $73.13 billion, representing a $10 billion monthly increase and a $40 billion rise compared to the previous year. Analysts see the rise in stablecoin reserves as both a short-term bearish signal as well as a possible build up of sidelined buying power that could trigger the next crypto rally if sentiment improves. Within the past month, centralized exchanges have recorded a major boost…

Ethereum treasury company SharpLink Gaming has reportedly transferred over $14 million worth of ETH to crypto exchange OKX ahead of its quarterly earnings call due next week. Summary A  wallet linked to SharpLink Gaming transferred 4,364 ETH worth 14.47 million dollars to crypto exchange OKX on Nov. 7. The move comes days ahead of the company’s third-quarter earnings call. SBET shares are down more than 12% this week. A wallet associated with SharpLink Gaming transferred a total of 5,284 ETH and withdrew the assets before moving a portion of the funds, amounting to 4,364 ETH, to OKX on Nov. 7,…

TLDR: Gemini launched XRP perpetuals in the EU, offering up to 100x leverage and no expiry date. XRP trades around $2.31 after a weekly decline of more than 10%. Traders eye resistance near $2.65 as Gemini’s new listing boosts market attention. The move strengthens Gemini’s European presence amid growing demand for leveraged crypto products Gemini has opened XRP perpetual trading to users across the European Union, marking a major expansion of its derivatives offerings.  The exchange confirmed that customers can now open long or short positions on XRP with leverage of up to 100x. The new product carries no expiry…

The governor spoke about the complexities of U.S. monetary policy at the Brookings Institute this past Monday in Washington, DC. Fed’s Lisa Cook Highlights Delicate Balance of Inflation and Employment Federal Reserve Governor Lisa Cook seems to have pushed the pause button on her high-profile feud with U.S. President Donald Trump. The governor recently made […] Source link

TLDR: Franklin Templeton introduced Hong Kong’s first tokenized USD money market fund under Fintech 2030. The fund blends regulated finance with blockchain, offering faster settlement and transparent ownership. Tokenization supports Hong Kong’s plan to integrate fintech into its financial framework. The Luxembourg registration ensures global access under compliant investment rules. Franklin Templeton has launched Hong Kong’s first Luxembourg-registered tokenized USD money market fund under the city’s Fintech 2030 roadmap. The move marks a turning point for traditional asset managers entering blockchain-backed financial products.  It also reflects Hong Kong’s ongoing effort to bridge conventional finance with emerging digital asset infrastructure. The…

TLDR: Canary Funds’ XRP ETF filing removes the SEC’s delaying clause, opening the door for an auto-effective registration. The updated filing positions the XRP ETF for a potential November 13 launch pending Nasdaq and SEC clearance. SEC Chair Paul Atkins welcomed companies using the 20-day waiting rule during the shutdown period. Market watchers link Canary’s move to Bitwise’s auto-effective filings for Solana, Litecoin, and Hedera ETFs. Crypto traders may soon see another ETF debut. Canary Funds has taken a key step that could send its XRP spot ETF live within weeks.  The firm updated its S-1 filing, removing the “delaying…

Bitcoin endured one of its sharpest selloffs of the year on Tuesday, knifing below the six-figure threshold and printing lows around the $99,000 area on major composites before rebounding. At press time, bitcoin (BTC) hovered near $101,700 after an intraday trough just above $99,000 on widely used benchmarks, marking a fall of roughly 6% day-over-day and the lowest print since June. The slide came as US equities limped into mid-week, with the Nasdaq up 20.9% year-to-date and the S&P 500 up 15.1% as of Tuesday’s close—gains that underscore how much bitcoin has lagged other risk assets during long stretches of…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Standard Chartered CEO Bill Winters expects every transaction to one day run on blockchain, calling it a “complete rewiring” of global finance. Standard Chartered CEO Believes Blockchain Will Host All Money Eventually As reported by CNBC, Bill Winters talked about the future of finance and Hong Kong’s role in the global digital assets space at a Hong Kong FinTech Week panel on Monday. “Our belief, which I think is shared by the leadership of Hong Kong, is that pretty much all transactions will settle on blockchains eventually,…

TLDR: Treasury Secretary Scott Bessent and Senator Hagerty urge FDIC reform to protect community banks from collapse. Community banks have lost 45% of their numbers since 2010, shrinking their share of U.S. loans and assets. The Dodd-Frank Act entrenched big banks, creating an uneven playing field for small and mid-sized lenders. Raising FDIC limits could restore balance, helping local banks support small businesses and rural economies. The push to restore balance in America’s banking system is gaining ground again.  Treasury Secretary Scott Bessent and Senator Bill Hagerty are calling for reforms to protect local banks from the weight of federal…

Michael Saylor’s Strategy has publicized its intention to conduct an IPO of 3,500,000 shares of Strategy’s Series A Perpetual Stream Preferred Stock (STRE Stock). The STRE Stock will earn cumulative dividends at an annual rate of 10% of the €100 per share, payable only in cash, beginning December 31, 2025. The Bitcoin treasury firm further clarified that the dividends will be paid out of funds available for shareholders’ quarterly arrears on March 31, June 30, September 30, and December 31 of each year, when and if declared by the company’s board or any authorized committee. The dividends will also increase…