Kyrgyzstan has officially shut down its USDKG, a state-backed gold stablecoin project worth $50 million. The government has ordered the liquidation of the issuer, EVA, and the country’s first state-owned crypto exchange, Coin Nomad. This closure follows UK sanctions imposed on EVA in May 2026, which alleged its support for Russia, raising concerns about the
Chainlink’s co-founder Sergey Nazarov participated in the Aladdin Client Forum hosted by BlackRock, emphasizing the importance of blockchain and stablecoins in enabling AI transactions. The discussion highlighted that for agentic transactions to function effectively, they require trusted data, guardrails, and verifiable execution. This forum marks a significant step in bridging traditional finance with emerging technologies,
AIR and Minds by Animoca Brands are teaming up with stablecoin card company Reap and commerce-infrastructure firm Pivota to let AI agents make purchases for users while proving what those users are entitled to, all without exposing personal details. The first step is a controlled demonstration with a single merchant. The release doesn’t name the
Tron (TRX) founder Justin Sun announced that the blockchain network plans to launch tokenized shares in the fourth quarter of 2026. Sun stated that this initiative aims to facilitate Tron users’ access to a variety of high-quality financial assets, including US Treasury bonds. Speaking at the Token2049 event in Singapore, Sun shared plans to expand
Bitcoin ($BTC) price gains do not yet reflect enough new capital entering the market, analysis warns. Key points: Rolling 30-day cumulative inflows of “new money” to Bitcoin reached $4.9 billion on Oct. 5, per Glassnode data. Existing investors still accounted for three-fifths of the $12.8 billion growth in realized cap in that period. Short-term holders
US spot Bitcoin exchange-traded funds (ETFs) recorded $484.9 million in net outflows on Wednesday, reversing Tuesday’s $118.8 million net inflow. The withdrawals were the largest since June 25, when the funds lost $691.7 million, according to Farside Investors. Wednesday’s outflows wiped out the $321.6 million in net inflows recorded over October’s first four trading sessions,
Nate Geraci recently engaged in a conversation about ANDRA, a new ETF tokenization platform. The discussion covered how ANDRA operates and the advantages for ETF issuers. Geraci emphasized the current interest in tokenization and its potential to reshape the ETF landscape, particularly with the SEC’s innovation exemption playing a crucial role in this evolution. For
BitGo’s Frank Wang pointed out the growing need for an infrastructure plan regarding stablecoins as they reshape the payments landscape. Financial institutions must prepare to adapt to these changes, emphasizing the importance of custody, controls, and liquidity. Wang’s comments come ahead of a webinar on October 14, where industry experts will explore the implications of
Bitwise CEO Hunter Horsley argued that the long-running downturn in the cryptocurrency market has come to an end. Horsley predicted that Bitcoin (BTC) could reach a new all-time high in 2027. In an interview with CNBC, Horsley assessed the current state of the cryptocurrency market, noting that many investors who wanted to sell during the
Crypto and fintech investment firm Deus X Capital has ceased operations as its backers pursue separate investment strategies, the company told CoinDesk. The company, led by former Galaxy Digital (GLXY) executive Tim Grant, will formally unwind on Jan. 31, 2027. Chief Investment Officer Stuart Connolly will remain to oversee the transition, while some portfolio businesses