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The new stablecoin from the STBL protocol fell below its $1 peg shortly after going live, highlighting challenges for liquidity. USST, a new stablecoin launched on Friday, Oct. 10 by stablecoin platform STBL, co-founded by one of Tether’s founders, slipped below its $1 peg to as low as $0.96 within hours of debuting on Curve, sparking concerns over confidence in the project.At the time of writing, USST is trading at around $0.9776, down 1.5% in 24 hours with a market cap of roughly $967,000 and just 52 holders, according to data from GeckoTerminal. USST/USD price. Source: GeckoTerminalThe Curve pool showed…

Donald Trump is reportedly considering granting a presidential pardon to Binance founder Changpeng “CZ” Zhao. According to the White House rumors, Senior aides are said to be divided over the move. There are debates about potential backlash from regulators and lawmakers who view CZ’s conviction as a landmark case in financial crime enforcement.Sponsored CZ’s Sentencing and Legal HistoryIf granted, the pardon would effectively clear Zhao’s federal conviction despite his having already served his sentence. Zhao, the former CEO of Binance, pleaded guilty in 2023 to violating the Bank Secrecy Act for failing to maintain an adequate anti-money-laundering program.  SCOOP: People close to…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korea’s tax agency has warned that officers may visit homes to seize offline cryptocurrency holdings — including so-called “cold wallets” — if owners fail to settle unpaid tax bills. According to reports, the National Tax Service (NTS) made the comments in statements first reported on October 9. Seizures And Past Collections The move comes as part of a wider push by tax authorities that has already seen large sums recovered from delinquents. Reports show the NTS and regional teams confiscated and sold about 146 billion won…

Some analysts view the current correction as an opportunity. The cryptocurrency market, which marked a new record earlier this week when the total capitalization hit $4.4 trillion, is in a free-fall state after the US President Donald Trump issued a warning against China. Ethereum is among the poorest performers on a daily scale, losing nearly 6% of value. ETH has broken below $4,100, and it’s on its way to $4,000 for the first time in a few weeks. Its weekly losses are up to 10.6%, according to CoinGecko data. Similar losses are evident from other larger-cap alts such as…

Ten of the world’s largest banks, including Citi, Deutsche Bank, UBS, Barclays, MUFG, Santander, and Bank of America, are exploring the launch of stablecoins pegged to major G7 currencies. The initiative aims to create a network of interoperable digital tokens backed 1:1 by fiat reserves such as the US dollar, euro, pound, and yen.The project is still in its exploratory phase. But it marks the first serious attempt by the global banking sector to enter the stablecoin market dominated by Tether and Circle. If realized, it could redefine how banks handle cross-border settlements and digital assets.Sponsored The Good: Why the G7…

This year, Texas’ legislature passed a law to establish a strategic Bitcoin reserve in the state, opening the door for other cryptocurrencies in the future. According to the original sponsor of the bill, Ether could be the next reserve asset.Speaking to Cointelegraph on Thursday, Texas state Senator Charles Schwertner discussed the implementation of the Bitcoin (BTC) reserve bill signed into law by Governor Greg Abbott in June. Though the text of the bill allows Texas to hold other cryptocurrencies in a “special fund outside the state treasury,” Bitcoin was the only one to meet the requirements at the time of…

Bitcoin (BTC) dropped 3% amid a broader market rout after President Donald Trump announced that the US is considering escalating tariffs against China in response to newly imposed rare-earth export controls.Total liquidations reached $807 million over the past 24 hours, as BTC fell to $116,585 as of press time.On a lengthy statement on Oct. 10 via Truth Social, Trump accused China of attempting to monopolize rare-earth elements and announced plans for “a massive increase of tariffs on Chinese products coming into the United States of America.”Bitcoin traded at $118,239.25 as of press time, down 2.8% and briefly losing the $118,000 support level. Long…

Friday brought carnage onto crypto markets as U.S.-China trade tensions ratcheted up with Trump threatening a massive increase in tariffs against Chinese goods.Worst-hit among the crypto benchmark CoinDesk 20 Index constituents was Ethereum’s native token ether ETH$4,024.11, nosediving 7% from Friday’s session high and hitting its weakest price since late September below $4,100. Its decline far outpaced bitcoin’s BTC$111,480.33 3.5% drop below $118,000 and the index’s 5% plunge.The broad-market downturn spurred a liquidation cascade across crypto derivatives markets, wiping out over $600 million of leveraged trading positions among all assets, CoinGlass data shows.ETH also led in liquidations with over $235…

XRP adoption among enterprises is gaining significant momentum as Nasdaq-listed Reliance Global Group Inc. (Nasdaq: RELI) expands its Digital Asset Treasury (DAT) to include XRP. This move highlights the growing confidence of corporate entities in blockchain technology for speed, efficiency, and financial innovation. Reliance Global, a technology-driven insurance and financial services company, announced last week that XRP is now part of its treasury alongside existing holdings of Bitcoin, Ethereum, and Cardano. The company emphasized that these purchases reflect a disciplined approach to building a diversified portfolio of digital assets, aligning with its long-term strategy of combining innovation, stability, and value.…

A subsidiary of Dominari Holdings (DOMH), the investment firm with ties to President Donald Trump’s sons, Eric and Donald Jr., is teaming up with Bitcoin programmability project Hemi to progress its digital asset treasury and exchange-traded fund (ETF) plans.Broker-dealer Dominari Securities and Hemi, which is backed by veteran Bitcoin developer Jeff Garzik, teamed up to develop a digital asset treasury and ETF platform, according to an emailed announcement on Friday.Dominari Holdings is located in the Trump Tower in New York City and counts Eric and Donald Trump Jr. among its investors. They also sit on its board of advisors. In…