Crypto custody is generating real revenue right now, EBC co-CEO says

Tether has made a significant move by donating $250,000 to the Opensats initiative, which aims to enhance the Bitcoin ecosystem. This donation not only supports the development of Bitcoin-related projects but also highlights Tether's commitment to the cryptocurrency space. Such contributions are crucial as they help foster innovation and growth within the Bitcoin community, ultimately benefiting users and investors alike.

Tether is making strides in the sports world by nominating an executive to the board of directors of the football club Juventis, following its initial investment about eight months ago. This move not only strengthens Tether's presence in the sports industry but also highlights the growing intersection between cryptocurrency and traditional sectors. As Tether continues to expand its influence, this nomination could pave the way for innovative partnerships and opportunities within the football community.

OKX is making significant strides by expanding its collateral mirroring program with Standard Chartered into the European Economic Area. This move is crucial as it allows OKX to enhance its services in the region under the MiCA license, which is designed to regulate crypto assets and promote innovation. This expansion not only strengthens OKX's position in the competitive crypto market but also signals a growing acceptance and integration of cryptocurrency within the European financial landscape.

ChainOpera AI (COAI) has seen an impressive surge of over 300% this week, making it one of the top-performing cryptocurrencies despite a general market decline. This remarkable rise, from $5.24 on October 9 to a record high, highlights the growing interest and confidence in COAI, especially in a challenging economic climate. Investors are keenly watching this trend, as it could signal a shift in market dynamics and potential opportunities for future gains.

Tether and Circle have minted a staggering $4.5 billion in stablecoins since the recent market crash, signaling a potential recovery. Tether's latest move of issuing $1 billion in new tokens, following a $2 billion issuance earlier this week, has caught the attention of analysts and traders. This surge in stablecoin production comes as the market attempts to bounce back from significant sell-offs, particularly affecting Bitcoin. The influx of stablecoins could provide much-needed liquidity and confidence in the market, making it a crucial development for investors.

Tether has made a significant move by launching its omnichain tokens, USDT0 and XAUT0, on the Solana blockchain. This expansion is crucial as it allows for seamless cross-chain transactions, enhancing liquidity across multiple networks like Ethereum and Tron. By utilizing LayerZero technology, these tokens ensure that users can transact with confidence, knowing they are fully backed. This development not only strengthens Tether's position in the crypto market but also opens up new opportunities for users and developers within the Solana ecosystem.

The recent announcement of the Cardano Foundation joining the MiCA Crypto alliance signals a promising partnership between Cardano and XRP. This collaboration is significant as it not only strengthens their ties but also introduces a MiCA-compliant ADA white paper, which could enhance the credibility and adoption of Cardano's ecosystem. As the crypto landscape evolves, such alliances are crucial for fostering innovation and regulatory compliance, making this development a noteworthy step for both communities.

Franco-German bank ODDO BHF has launched a new euro-backed stablecoin called EUROD, joining the trend of euro-pegged tokens in a market largely dominated by dollar-pegged options like Tether's USDT and Circle's USDC. This launch is significant as it reflects the growing interest in stablecoins that are tied to the euro, potentially offering more stability and options for investors in the cryptocurrency space.

Solana is making waves in the blockchain world by becoming a liquidity hub with the launch of omnichain versions of Tether's USDT and XAUT. This development, facilitated by Legacy Mesh, allows for seamless connections between digital dollars and gold across different blockchains. This is significant because it enhances the interoperability of cryptocurrencies, potentially attracting more users and investors to the Solana ecosystem.

Stable has teamed up with Morpho to enhance its lending capabilities, allowing users to earn yield on idle balances through the Stable Pay app. This partnership is significant as it not only boosts the functionality of the Stable ecosystem but also provides users with new opportunities to maximize their investments in a growing crypto landscape.

XRP's price is facing a potential 25% decline after the formation of a descending triangle pattern on its daily chart, coupled with significant selloffs by large investors, known as whales. Currently trading at $2.52, XRP has already dropped 12%, raising concerns among investors about further losses. This situation is crucial as it highlights the volatility in the cryptocurrency market and the impact of large holders on price movements.

Safello has received MiCA authorization from the Swedish Financial Regulator, marking a significant milestone for the cryptocurrency exchange. This approval not only enhances Safello's credibility but also positions it as a leader in the regulated crypto market in Sweden. Such regulatory endorsements are crucial as they foster trust among users and investors, paving the way for broader adoption of digital currencies.

Ethereum seems to be bouncing back from a recent price correction, currently trading above $4,000 after a dip to nearly $3,400. This recovery is significant as it indicates that investor confidence is returning, especially with positive funding rates on Binance suggesting that long positions are still favored. This matters because a stable or rising ETH price could signal a broader recovery in the cryptocurrency market, attracting more investors and potentially leading to higher prices in the future.

Ripple Labs is making headlines as it aims to raise at least $1 billion to bolster its XRP accumulation strategy through a special purpose acquisition company (SPAC). This move is significant as it highlights Ripple's commitment to expanding its digital-asset treasury, which could enhance its market position and investor confidence in the cryptocurrency space.

BNB's price is currently facing challenges as it consolidates losses below the $1,200 mark, indicating potential further declines. With resistance forming near $1,250 and a bearish trend emerging, traders are cautious about the cryptocurrency's future. This situation is significant as it reflects broader market trends and investor sentiment, which could impact trading strategies and market stability.

Aster's price is currently hovering around $1.28 as traders prepare for potential volatility with its upcoming listing on the OKX exchange. Despite a recent decline of about 3.5% in the last 24 hours and nearly 20% over the week, the anticipation surrounding the listing could lead to significant market movements. This situation is crucial for investors as it highlights the unpredictable nature of cryptocurrency trading and the impact of exchange listings on asset prices.

Lombard and Story have announced an exciting new partnership aimed at enhancing the creator economy through innovative uses of Bitcoin. This collaboration is significant as it combines the strengths of both companies to empower creators with better tools and resources, potentially transforming how they monetize their content. As the creator economy continues to grow, this partnership could set a precedent for future collaborations in the digital space, making it a noteworthy development for both industries.

Bitfarms has successfully raised its convertible senior notes offering from $300 million to $500 million, driven by strong investor demand. This increase not only highlights the growing interest in the company but also supports its ambitious plans for expansion in artificial intelligence and computing. This move is significant as it reflects confidence in Bitfarms' future and the broader market's potential.