Category: Peer to Peer

More than 11.6 million cryptocurrency tokens stopped trading in 2025, an unprecedented annual total that accounted for 86.3% of all failures recorded by CoinGecko’s GeckoTerminal dataset between mid-2021 and the end of last year. The figure marks a steep acceleration from 2024, when 1,382,010 projects were classified as failed, and highlights the fragile economics of a market flooded with easily created tokens, particularly meme coins. CoinGecko counted 11,564,909 failures in 2025, compared with 245,049 in 2023 and 213,075 in 2022. CoinGecko defines

Payward, the parent company of cryptocurrency exchange Kraken, is pursuing a route to offer US traders perpetual futures linked to Hyperliquid’s HYPE token, but publicly available regulatory and Kraken product information indicates the proposed expansion has not yet been confirmed as a live US offering. The move would broaden Payward’s regulated derivatives business and give eligible American customers exposure to one of the crypto market’s most actively watched tokens through contracts that have no fixed expiry. Discussions have centred on using

The US Senate failed to advance the Digital Asset Market Clarity Act on Tuesday, halting the cryptocurrency industry’s strongest attempt to secure a comprehensive federal market structure framework and pushing the regulatory burden back towards existing agencies. The cloture motion on the measure, H. R. 3633, was rejected 49-50, according to the Senate’s official roll call. Sixty votes were required to end debate on the motion to proceed. Republican senators Jerry Moran, Susan Collins, Josh Hawley and Thom Tillis voted against

The US Senate failed to advance the CLARITY Act on Tuesday, handing the cryptocurrency industry a major setback despite a late White House effort to challenge banking-sector warnings that stablecoin rewards could drain deposits and curb lending. The procedural vote ended 50-49 in favour of advancing the legislation, 10 votes short of the 60 required. Republican senators Jerry Moran, Rand Paul, Josh Hawley and Thom Tillis joined Democrats in opposing the motion, although Tillis switched to no for procedural reasons that

CoinEx has begun an orderly shutdown of its cryptocurrency exchange after nearly nine years, giving customers until December 22 to withdraw assets. The platform said new registrations and referral rewards would stop from September 15, while futures markets moved into reduce-only mode as the first stage of a phased wind-down. CoinEx attributed the decision to a prolonged downturn in digital-asset markets, contracting trading volumes and liquidity, and mounting regulatory and compliance costs across major jurisdictions. Founder Haipo Yang said the exchange had

Eight major US banking trade groups have urged Senate leaders to tighten the CLARITY Act’s restrictions on stablecoin rewards, warning that a new regulatory “circuit breaker” would take effect only after damaging deposit outflows had already occurred. The warning came in a joint letter sent on Monday to Senate Majority Leader John Thune and Democratic Leader Chuck Schumer ahead of a procedural vote scheduled for Tuesday, September 15. The coalition includes the American Bankers Association, Bank Policy Institute, Consumer Bankers Association,

LuLu Financial Holdings has cut cross-border settlement costs by 25% to 30% after adopting Circle’s USDC stablecoin and Circle Mint for remittance flows across the Gulf, Middle East, North Africa and Asia-Pacific, according to figures released by Circle. The payments group also recorded a 40% increase in cross-border settlement volume after shifting part of its treasury and settlement infrastructure to USDC. Beneficiaries are credited in under a minute once settlement is completed, while the company says the system operates around the

Bitcoin faces renewed downside warnings after Bloomberg Intelligence senior commodity strategist Mike McGlone argued that a stock-market correction and tighter US monetary policy could drive the cryptocurrency sharply lower, potentially towards $10,000. McGlone’s latest bearish case centres on Bitcoin’s failure to establish a sustained break above $80,000, its increasing sensitivity to equities and the prospect that higher interest rates could pressure speculative assets. Bitcoin was trading near $77,000 over the weekend after retreating from levels above $82,000 earlier this month, leaving

Binance has set out a compliance and user-protection drive in West Africa as regulators in the region move to bring cryptocurrency trading, custody and related services under oversight. Its approach combines identity checks, transaction monitoring, sanctions screening, fraud prevention, asset-security controls and co-operation with law-enforcement agencies. Binance also says it now has more than 1,500 people in compliance-related roles globally, spending about $300 million a year on compliance, figures that remain company-reported measures rather than independent rankings of industry performance. The push

Metaplanet has cut the potential share pool attached to its Series 10 stock acquisition rights by 41.1%, reducing possible issuance to 188.19 million shares after shareholders challenged the dilution created by the executive compensation structure. The Tokyo-listed bitcoin treasury company said on September 11 that it would lower the number of shares underlying each Series 10 right from 696 to 410. The change reduces the aggregate potential issuance from 319.464 million shares by about 131.27 million shares. Chief executive Simon Gerovich said

Ether remained confined to a narrow trading range after more than 116,000 tokens were withdrawn from cryptocurrency exchanges over 48 hours, a shift that reduced immediately available supply while traders watched whether the market could break through resistance around $2,500. The withdrawals, valued at roughly $300 million at prevailing prices, were highlighted by crypto analyst Ali Martinez. Exchange outflows can indicate that holders are moving assets into private custody, staking arrangements or longer-term storage, although such transfers do not by themselves

Dogecoin co-creator Billy Markus has joked that the US government should spend $1.2 trillion buying Dogecoin and distribute the cryptocurrency to Americans, turning a contentious cash-dividend proposal into a meme-coin thought experiment rather than advancing a formal policy plan. Markus, who uses the name Shibetoshi Nakamoto on X, made the remark on September 12 while responding to President Donald Trump’s promise of a $5,000 payment to every adult US citizen if Republicans retain control of both chambers of Congress in November’s

Hyperliquid’s HYPE token has remained close to record levels after a sharp September advance, supported by rising derivatives activity, institutional investment products and a fee-funded buyback mechanism, while Bitwise chief investment officer Matt Hougan has separately argued that tokenised real-world assets could eventually reach $200 trillion. HYPE touched an all-time high around $88-$90 this month after Hyperliquid’s open interest recovered to roughly $14.3 billion, close to levels seen before the platform’s October 2025 deleveraging. The token’s market value approached $20 billion

Aave’s fourth-generation lending platform has crossed $900 million in deposits, giving its AAVE token fresh support as traders assess whether stronger protocol activity can help the cryptocurrency challenge the $160 level. Aave said on September 9 that deposits in v4 had moved above $900 million, less than six months after the new architecture went live on Ethereum. Market data on Sunday showed AAVE trading around $128, up about 2 per cent over 24 hours, with a market capitalisation close to $2

Blockstream has rejected a demand to surrender part of the bitcoin still held after the $320 million Liquid Network exploit, saying it will not pay a ransom and will pursue lawful recovery of the remaining funds. The company said on September 11 that taking assets without authorisation and withholding their return constituted theft rather than responsible security disclosure. It warned that, unless the outstanding bitcoin was returned, it would work with law-enforcement agencies, exchanges, service providers and blockchain forensic specialists to

Ripple is targeting corporate treasury flows as a major growth avenue for its RLUSD stablecoin, with executive Jack McDonald pointing to customers of its treasury platform that process about $13 trillion in payments annually. McDonald, Ripple’s senior vice-president of stablecoins, said the company sees an opportunity to place RLUSD more deeply into the day-to-day movement of corporate cash, including cross-border transfers, transactions between subsidiaries and domestic payments. The push follows Ripple’s $1 billion acquisition of treasury-management software provider GTreasury in 2025. The

Iran is allowing exporters and importers greater use of cryptocurrencies, including Tether’s USDT and Bitcoin, for cross-border settlements as tighter US sanctions intensify pressure on trade and foreign-currency flows. The policy shift gives businesses more flexibility to repatriate export earnings outside the central bank’s official foreign-exchange platform and use those proceeds directly to pay for imports. Crypto transactions have become one route for moving value across borders where bank transfers, dollar clearing and correspondent banking are constrained. The change marks a further

Stablecoin liquidity is returning to Binance after months of withdrawals, offering a tentative sign of stronger buying capacity as Bitcoin remains above $75,000. CryptoQuant data show Binance recorded more than $1 billion in net stablecoin inflows during August, reversing part of the persistent drain from cryptocurrency exchanges that had characterised much of 2026. Bitcoin was trading around $77,300 on Saturday, September 12, after moving between roughly $76,000 and $79,900 during the previous 24 hours. The shift is significant because stablecoins such as

Nasdaq has invested $100 million in Payward, the parent company of cryptocurrency exchange Kraken, extending a relationship that already spans tokenised equities and digital-market infrastructure. The investment places one of the world’s largest exchange operators directly on Payward’s shareholder register and adds a financial dimension to a strategic partnership announced earlier this year. Payward operates Kraken alongside businesses including NinjaTrader, Breakout, xStocks and CF Benchmarks, using a shared infrastructure platform across digital assets, trading and financial services. Financial terms beyond the $100

Consensys Software Inc. will split into two independently operated companies, turning its MetaMask business into a standalone consumer finance firm while creating a separate company for Ethereum protocols and institutional blockchain infrastructure. The existing legal entity will continue under the MetaMask name, with Ethereum co-founder Joe Lubin serving as chairman and chief executive. Its protocols group and institutional infrastructure operations will move into a newly formed company that will retain the Consensys name. The separation is expected to be completed by the

Robinhood chief executive Vlad Tenev has rejected AMC Entertainment chief Adam Aron’s demand for control over stock tokens tied to AMC shares, arguing that public companies cannot veto third-party securities that reference their stock. Tenev said on CNBC’s Squawk Box on Wednesday that issuers retain control over the rights and obligations attached to shares they issue, but that authority does not extend to every financial instrument built around those shares. “They don’t control other companies issuing their own securities that reference

PayPal has extended the reach of its dollar-backed stablecoin into custom token issuance, with the PYUSDx developer platform now supporting three live projects and more than $100 million in processed volume. PYUSDx allows businesses and developers to create their own branded onchain tokens while using PayPal USD, or PYUSD, as the economic foundation. M0 built the platform’s programmable infrastructure, while MoonPay Digital Assets Limited handles issuance and reserve operations associated with the framework. M0 said on September 9 that Saturn, Concrete and

Hunter Biden’s newly launched LAPTOP memecoin lost about 99 per cent of its value within its first hour of trading on Wednesday, turning a hypothetical $1,000 purchase near its early peak into roughly $10 as prices collapsed below $2. The token, launched on Coinbase’s Base blockchain, traded near $190 to $200 shortly after opening before plunging to below $4 within minutes and later falling under $2 on some market trackers. The violent move wiped out almost all of the paper value

Tether chief executive Paolo Ardoino has attributed Bitcoin’s failure to match gold’s global reach to a generational divide among financial decision-makers, arguing that the cryptocurrency remains poorly understood by many of the people who control pools of capital. Ardoino said Bitcoin is still at an early stage of adoption compared with gold, whose role as a store of value and reserve asset has been embedded in financial systems for centuries. He said many senior policymakers, bankers and institutional investors are more