Author: CryptoHoppers
SUI Group, a Nasdaq-listed digital asset treasury company, has announced a key partnership with the decentralized exchange Bluefin to drive institutional adoption of crypto products on the Sui blockchain. Summary SUI Group announced its partnership with Sui-based perps platform Bluefin. The platforms aim to bring Wall Street to Sui. SUIG will lend 2 million SUI tokens to Bluefin and receive 5% in return. SUI Group is a publicly traded company that boasts an official crypto agreement to support Sui with Sui Foundation. The company, which seeks to offer institutional-grade exposure to the Sui (SUI) blockchain, also launched the first SUI…
Key Takeaways Square merchants can now accept payments in Bitcoin or fiat currency through the point-of-sale system. Bitcoin payments are enabled via the Lightning Network, ensuring fast and efficient processing. Share this article Square, a payments platform under Block Inc., now allows merchants to receive payments in Bitcoin or traditional fiat currency through its point-of-sale system. The new feature gives sellers flexibility in choosing their preferred settlement method for customer transactions.Square’s Bitcoin payment feature uses Lightning Network for near-real-time settlements, allowing merchants to process cryptocurrency alongside credit cards and digital wallets. The integration enables sellers to accept Bitcoin payments while…
TLDR: Treasury Secretary Scott Bessent said IEEPA tariffs target unfair trade practices, not revenue generation. SCOTUS heard arguments on whether IEEPA gives the president power to impose emergency tariffs. Plaintiffs argued Trump exceeded his authority under IEEPA, citing trade and constitutional concerns. Bessent stated tariffs are a temporary measure to revive U.S. manufacturing and balance trade deficits. Treasury Secretary Scott Bessent said he returned from the Supreme Court after hearing arguments on the International Emergency Economic Powers Act, or IEEPA. The case centers on whether President Trump’s tariff actions under the act exceeded executive authority. Bessent described the hearing as…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Last week proved quite volatile in the Bitcoin (BTC) market as prices retested the psychological $100,000 price level following a sustained price correction that began in early October. Amid this price decline, the US Bitcoin Spot ETFs suffered a similar tumultuous fate, registering a net outflow of over $1 billion. Bitcoin ETFs See $1.28B In Net Withdrawals As Price Struggles Persist According to data from SoSovalue, capital outflows of 12 Bitcoin ETFs reached $558.4 million on Friday, taking total net outflows in the first week of November…
TLDR: The new WisdomTree filing covers a basket of the 20 largest crypto assets by market cap in a regulated fund format. The fund aims to track the CoinDesk 20 Index via daily valuation and asset-holding replication. The registration includes detailed mechanisms for custody, creation/redemption and risk disclosure. The move signals increasing institutional access and diversification via regulated crypto investment vehicles. WisdomTree has submitted a Form S-1 with the U.S. Securities and Exchange Commission to create the WisdomTree CoinDesk 20 Fund, which aims to track the largest 20 digital assets by market cap and liquidity. The registration describes the fund’s…
US Treasury and IRS quietly expand tax breaks for the ultrawealthy and crypto giants: NYT
Key Takeaways The US Treasury and IRS have issued new rules providing significant tax relief to large companies and wealthy investors. These measures are reducing the projected revenue from the corporate alternative minimum tax enacted in 2022. Share this article The Trump administration is quietly rolling out hundreds of billions in new tax breaks benefiting large corporations and wealthy investors, according to The New York Times.Through recent Treasury and IRS actions, firms, including private equity, crypto companies, and multinationals, will see major relief from the 2022 corporate minimum tax law, originally designed to ensure profitable corporations pay at least some…
TLDR: Tangem Pay lets users spend Polygon-based USDC using a Visa virtual card tied to their Tangem Wallet. The rollout begins in November 2025 across the U.S., Latin America, and Asia-Pacific regions. Tangem’s hybrid model keeps funds on-chain while meeting payment and compliance standards. A UK and EU expansion will follow in 2026 under MiCA regulatory alignment. Tangem is launching Tangem Pay, a new non-custodial payment account that lets users spend USDC directly via a virtual Visa card. The company confirmed that the rollout will begin in late November, activating users across the United States, Latin America, and Asia-Pacific in…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A new industry group called the Blockchain Payments Consortium has formed with the aim of setting common rules for how blockchains move money. According to statements from participants and industry summaries, the consortium brings together seven major firms and foundations that support different blockchains and infrastructure. The group says it wants a shared framework that covers both the technical steps of a transfer and the compliance data that banks and regulators expect. Blockchain: Standardizing Cross-Chain Stablecoin Transfers The founding members listed include Fireblocks, Solana Foundation, TON Foundation,…
Key Takeaways Owen Gunden transferred 500 BTC worth about $52 million to Kraken. The move continues Gunden’s pattern of selling activity as an early Bitcoin adopter. Share this article Early Bitcoin investor Owen Gunden moved around 3,600 Bitcoin, valued at approximately $372 million, on Friday, according to data tracked by Lookonchain. Of this amount, 500 BTC worth nearly $52 million was already deposited into Kraken, with the remaining 3,100 BTC expected to land on the exchange in the near future.The OG Bitcoin whale’s transfers occurred amid recent market volatility, with Bitcoin briefly falling below the key $100,000 level before rebounding.…
TLDR: SBI Digital Markets integrates Chainlink’s CCIP for secure cross-chain tokenization. The collaboration supports compliant trading and settlement of tokenized assets. Chainlink’s private transactions protect sensitive institutional trade data. The partnership expands on earlier blockchain success under Project Guardian. SBI Digital Markets has partnered with Chainlink to enhance interoperability in tokenized finance. The collaboration introduces Chainlink’s CCIP to SBI’s digital asset platform, enabling secure asset transfers across multiple blockchains. The move aims to bridge traditional finance and decentralized networks under a compliant, scalable framework. It positions SBI Digital Markets as a key driver in the evolution of institutional-grade tokenization. SBI…