Ethereum stablecoin usage has exploded 400% over 30 days to reach a new all-time high of $580.9B with over 12.5M transfers, while on-chain data shows whales aggressively accumulating ETH at the $3,738 support level including a newly created wallet spending $32.47M for 8,491 ETH, positioning the leading altcoin toward the highly coveted $5,000 mark that was rejected at $4,953 in August.
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Category: Cryptocurrencies
Stablecoin Payments Hit $9 Trillion in 2025, Rivaling Global Giants Like PayPal and Visa: A16z
Stablecoins processed $46 trillion in total volume last year, $9 trillion on an adjusted basis, a surge A16z calls the strongest sign of crypto’s maturity.
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[Live] Market Watch: BTC, ETH Range-Bound Ahead of CPI Data and Trump-Xi Meeting
Follow up to the hour updates on what is happening in crypto today, October 23. Market movements, crypto news, and more!
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Asset Manager T. Rowe Price Files First Crypto ETF Targeting Multiple Digital Assets
87-year-old mutual-fund giant T. Rowe Price filed an S-1 form with the U.S. SEC to launch a multi-coin crypto ETF.
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Crypto Lost 1,000 Jobs To AI Since ChatGPT Debut, Yet Hiring Recovered: A16z
Crypto lost roughly 1,000 jobs to AI after ChatGPT’s debut but regained that talent from other sectors, according to A16z’s 2025 State of Crypto report.
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Hyperliquid Strategies Files to Raise $1B for HYPE Token Purchases and Expansion
Hyperliquid Strategies has filed with the SEC to raise up to $1 billion for HYPE token purchases and expansion.
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The Fed’s New Account Could Let Crypto Into the System – Here’s What Traders Need to Know
The Fed has described a capped “payment account” that would offer basic access to Fedwire and ACH without interest, overdrafts, or emergency lending, framing it as a payments tool that could reduce reliance on intermediaries for eligible firms, including stablecoin issuers.
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Cryptomus’ Xeltox Enterprises Fined $177 Million By Canadian Regulator
FINTRAC has fined Xeltox Enterprises, parent of Cryptomus, $176,960,190 for non-compliance after 1,068 missed suspicious reports and 1,518 unreported virtual-currency transactions in July 2024, citing links to child sexual abuse material, fraud, ransomware and sanctions evasion.
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FCA Moves Against HTX in London Over Illegal Crypto Promotions – Warning to Other Exchanges
The FCA has begun a High Court case against HTX, citing alleged FSMA breaches linked to crypto promotions directed at UK consumers, as the regulator advances consultations on governance and financial crime controls.
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How Crypto Exchanges Use AI to Power Next-Gen Trading Tools – Can Traders Really Trust Them?
AI in crypto has been implemented across leading exchanges. Bitget has introduced a chat agent for execution and insights, Kraken has announced Capitalise.ai integration for no-code automation, and Binance has provided adaptive UI, hourly token reports, and sentiment-driven signals for traders.
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