Standard Chartered sees Ethenas USDe reaching $40B, ENA hitting $2

British multinational bank Standard Chartered expects Ethenas USDe stablecoin supply to grow eightfold to $40 billion by the end of 2028 as the protocol expands its sources of yield beyond crypto markets.  In a Wednesday research report shared with Cointelegraph, the bank initiated coverage of Ethenas ENA token with a year-end 2028 price target of $2, roughly seven times the $0.28 price cited in the report. Standard Chartered also expects USDe to slightly outpace overall stablecoin market growth over the period.  Its forecasts imply ENA would also outperform Bitcoin (BTC) and Ether (ETH) through 2028. Standard Chartered sees BTC reaching $300,000 and ETH $18,000 by the end of the period.  Standard Chartereds year-end digital asset price forecasts through 2028. Source: Standard Chartered Research  Standard Chartered said declining returns from USDes traditional crypto basis trade, which involves holding spot crypto while shorting perpetual futures, have pushed Ethena to expand into DeFi and institutional lending, real-world assets and basis trades tied to equities and commodities. Those sources currently generate a blended yield of 5.2%, giving USDe more room to scale.  The bank forecasts the broader market for tokenized assets will grow from about $350 billion today to $4 trillion by the end of 2028, expanding the pool

3 دن پہلےانڈسٹری

Coinbase bitcoin scam cost a family $900,000 — only a fraction recovered

Federal prosecutors in Massachusetts have filed a civil forfeiture case tied to a Coinbase bitcoin scamthat stripped a family trust and its beneficiary of 33.7 $BTC back in 2023. The case, disclosed in recent court filings, traces how a pair of fake text messages led to one of the more revealing crypto theft investigations in the district, exposing both how far law enforcement can follow stolen funds and where that trail eventually goes cold.  Key takeawaysProsecutors in Massachusetts filed a civil forfeiture action over 33.7 $BTC, worth about $900,000 at the time, stolen from a Coinbase account in June 2023.The theft began with two SMS messages impersonating Coinbase, sent on June 1 and June 2, 2023, that tricked the beneficiary into handing over login credentials.Investigators traced 11.2 of the stolen $BTC to a Binance account opened in Spain under the name Enrique Mora Morales.Some of the funds were converted into Monero, then into Tether, before Binance froze the account at the FBIs request in August 2026.Only a fraction of the original haul has been seized so far, showing how much remains unrecovered.  Massachusetts Federal Prosecutors File Civil Forfeiture for Stolen Bitcoin  The forfeiture case centers on a 2023 account takeover that drained a

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Binance Pay lets visitors spend crypto at PayPay merchants in Japan

[Update, 07:00 UTC, Sept. 30: This article was updated after Binance clarified that users can pay with more than 100 supported cryptocurrencies, while USDT is used as the backend settlement layer.]  Binance Pay will allow eligible overseas users visiting Japan to spend more than 100 cryptocurrencies at the vast majority of PayPay-supported merchants starting Wednesday.  The service will run through HIVEX, a payment interoperability framework that connects overseas QR payment services to PayPay-supported merchants in Japan. Binance Pay uses Tether USDt (USDT) as its backend settlement layer, while HIVEX settles with PayPay and PayPay settles merchants in yen.  Binance told Cointelegraph it is the first crypto payment service to access PayPay-supported merchants through HIVEX. Merchants will not need to opt in separately, it said.  PayPay is a Japanese cashless payment service accepted at millions of locations nationwide, including major chains, smaller retailers, vending machines, taxis and public transportation. It lists nine other overseas payment services supported through HIVEX, mainly from China, Hong Kong and Taiwan.  Japan welcomed a record 42.7 million international visitors in 2025, according to the Japan Tourism Agency. In the latest comparable global ranking, based on 2024 data, it ranked ninth worldwide and first in Asia.  The country recorded 3.1 million visitor arrivals

3 دن پہلےانڈسٹری

European stablecoin issuer AllUnity launches USD stablecoin USDAU

AllUnity is launching a new stablecoin pegged to the US dollar, expanding its digital asset lineup as dollar-pegged tokens continue to dominate the global stablecoin market.  The new token, USDAU, will maintain a 1:1 peg to the US dollar through segregated reserves and debut on Ethereum, Solana, Base, Tempo, Arc and Polygon, AllUnity said in a Wednesday announcement shared with Cointelegraph.  AllUnity, regulated under the European Union‘s Markets in Crypto-Assets (MiCA), already issues euro-backed EURAU, Swiss franc-backed CHFAU and Swedish krona-backed SEKAU stablecoins. CoinGecko measures EURAU’s market capitalization at roughly $400,000 and CHFAUs at about $45 million.  The launch comes as European policymakers debate the implications of dollar stablecoin dominance. US dollar-pegged tokens account for more than 99% of the roughly $291 billion global stablecoin market by capitalization, according to CoinGecko.  The European Central Bank warned in June that greater use in European tokenized finance could deepen dependence on the dollar and weaken the euros role.  AllUnity CEO Alexander Höptner pushed back on the idea that the dollar itself is the central concern.  “Europe‘s concern isn’t with the dollar, its with dollar liquidity flowing through offshore issuers with no European supervisor, no enforceable redemption rights and no visibility into their reserves,” Höptner told Cointelegraph.  He said USDAU

3 دن پہلےانڈسٹری

XRP rebounds past $1.50 as Evernorth merger vote reportedly passes

XRP has recovered above $1.50 after falling below $1.47 on Sep. 30, as a reported shareholder vote in favor of Evernorth‘s merger with Armada Acquisition Corp. II has advanced the Ripple-backed company’s planned Nasdaq listing.  SummaryBear Champ reported that Armada shareholders passed the Evernorth merger vote.Evernorth expects the combined company to hold at least 473.3 million XRP at closing.The proposed XRPN listing and a separate $30 million financing agreement remain tied to completion of the transaction.  XRP traded around $1.51, up roughly 1.89%, as news of the vote circulated. The publication attributed the result to Bear Champ, an XRPL collaborator who said on X that he had listened to the shareholder meeting.  “Listened in on the Armada/Evernorth merger vote, it passed,” Bear Champ wrote.  Under Evernorths disclosed transaction terms, shareholder approval would allow the proposed combination to proceed toward closing, with the company expecting to trade on Nasdaq under XRPN once the remaining closing and listing conditions are satisfied.  You might also like:  XRP price needs $1.56 breakout to retest $1.65  XRP regains $1.50 after repeated intraday reversals  In the Sep. 30 session, XRP climbed toward $1.55 earlier in the day before retreating. The token then spent several hours trading mainly between $1.48 and $1.50, before renewed buying

3 دن پہلےانڈسٹری

Brazils Petrobras uses Cardano to track sustainable aviation fuel, renewable diesel

Brazilian state-controlled oil company Petrobras has developed two blockchain applications using Cardano to track sustainability data for sustainable aviation fuel (SAF) and its Diesel R renewable fuel.  According to a Wednesday announcement from the Cardano Foundation, the first application, developed with PUC-Rios Ledger Labs, tokenizes environmental attributes associated with SAF into digital tokens designed to prevent the same claim from being used more than once.  The application uses a Book-and-Claim model, which allows the environmental benefit to be separated from the physical fuel and assigned to an airline, company or passenger even if the SAF is used elsewhere.  The tokens, known as CS-SAF, contain metadata aligned with the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). Passengers can also claim CS-SAF tokens through an application and receive a certificate tied to their journey and associated environmental claim.Source: Cardano Foundation  The second application creates digital checkpoints to track the production, transportation and use of Diesel R, Petrobras‘ renewable diesel fuel. The Cardano Foundation said the data could support Scope 3 reporting, which covers indirect emissions across a company’s value chain.  The projects are part of an ongoing research and development collaboration that began in 2023 with blockchain education for Petrobras employees and expanded in 2025

3 دن پہلےانڈسٹری

Bitcoin Price Gives Up Gains After Short-Lived Pump to $85.5K

Bitcoin pumped above $85,500 on Wednesday morning following the release of lower-than-expected U.S. PCE inflation data for August—but a quick pullback erased most of the gains.  Key TakeawaysBitcoin shot above $85,500 on Wednesday following lower-than-expected August PCE inflation data.Intraday volatility led to $55 million in short bets being liquidated within four hours.Analysts and chartists like Ted Pillows project a potential pull-back into the high $70,000s before a rally.  PCE Data Triggers Intraday Volatility  Bitcoins price briefly spiked to $85,500 on Wednesday before a sell-off nearly erased the gains, leaving the cryptocurrency marginally higher just hours before September comes to a close. The rally appeared to have been sparked by the release of U.S. inflation data, which showed slower-than-expected price increases in August.  As shown on the daily chart, before its morning surge, bitcoins price fluctuated in the $83,000 to $83,500 range, continuing a pattern that emerged following its plunge to $82,555 on Monday. While it surpassed the $83,500 resistance a few times between Tuesday afternoon and the early hours of Sept. 30, bearish pressure dragged it back below the threshold each time.  Moments before the personal consumption expenditures (PCE) data release, bitcoin reclaimed $83,500, reaching $83,700 around 8:20 a.m. EST. According to Bitstamp data, bitcoin

3 دن پہلےانڈسٹری

UKs 2027 crypto rules let firms remove trust protection from Bitcoin lent for yield

UK crypto firms can now apply for authorization as of Sept. 30, bringing Bitcoin holders closer to a rulebook that will treat coins pledged as qualifying borrowing collateral differently from coins transferred into lending for yield. The distinction could matter when a platform fails: safeguarded assets and a contractual promise to return equivalent coins give customers different starting points for seeking recovery.  Related Asset Bitcoin #1 BTC · $84,138.20 24-hour change: up 1.22% Loading price history… 24H Up 1.22% 7D Up 0.25% 30D Up 6.96%  The Financial Conduct Authority now allows firms to apply for authorization or vary their permissions through its Connect system. But the safeguards in the rules it finalized June 30 are forthcoming, with the new regime expected to begin Oct. 25, 2027. An application today does not establish authorization or bring those protections into effect.  The central distinction concerns what a platform is allowed to do with customer assets. Under the future rules, covered custody generally requires a safeguarding trust under CASS 17, the crypto custody chapter of the FCAs Client Assets Sourcebook. Retail collateral supporting an in-scope crypto borrowing service must remain safeguarded, with a narrow debt-discharge exception. A qualifying lending service can instead use an exemption from

3 دن پہلےانڈسٹری

Singapore crypto activity grows 55% as broader region contracts

Singapores crypto activity rose 55.4% to $284 billion in the year ended June 2026, bucking a regional contraction and regaining its position as the largest crypto economy in Central and Southeast Asia and Oceania (CSAO), according to Chainalysis.  Much of the growth came from institutional platform activity, which increased 94% to $60 billion, concentrated among a small number of market makers, over-the-counter trading firms, and institutional brokerages. Chainalysis said the broader CSAO crypto economy contracted 6.8% over the same period.  “The growth in Singapores institutional platform ecosystem was very concentrated and marked by mostly high-volume activity by existing platforms rather than the dynamic entry of new services,” Chainalysis told Cointelegraph.  The findings come as Singapore has been working to tighten crypto regulation while supporting tokenization, stablecoins and digital-asset settlement.  Total crypto economic activity in CSAO. Source: Chainalysis  In 2025, MAS required local crypto firms serving overseas clients to obtain a license or exit, a move StraitsX CEO Tianwei Liu said reduced speculative activity while leaving more institutional players, including banks and large companies, using blockchain in production.  At the same time, MAS has expanded tokenization and settlement initiatives. Its BLOOM program supports trials using regulated stablecoins and tokenized bank money. On March 25, Ripple joined the

3 دن پہلےانڈسٹری

Concrete token launch hits Coinbase and OKX with controlled price auctions

Coinbase has placed the CT-USD trading pair into auction mode, giving traders at least 10 minutes to establish an opening price through limit orders only before continuous trading kicks off. The move lines up with the Concrete token launchon OKX the same day, where the CT/$USDT pair went live under a separate but similarly cautious rollout. Together, the two exchanges are running a coordinated debut for Concrete that leans heavily on controlled price discovery rather than letting the token trade freely from the first tick.  Key takeawaysCoinbase set a minimum 10-minute auction window for CT-USD, accepting only limit orders with an “Allow Taker” designation.OKX ran a one-hour call auction for CT/$USDT from 09:00 to 10:00 UTC, then blocked market orders for five more minutes.Concrete describes itself as an institutional-grade on-chain asset management platform running on Ethereum, with contract address 0x0A092E544DA31150b439a1aAA1A3a2214a867F46.Coinbase used the identical auction-mode process for the CTR-USD pair back in May 2026.Continuous trading begins on both exchanges once their respective auction windows close.  Coinbase Launches Concrete Token with Auction Mode  Coinbases decision to route the Concrete token launch through auction mode signals that the exchange wants an orderly opening price rather than an unpredictable first trade. During the auction phase, Coinbase accepts

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