Global

In a significant move to curb illegal cryptocurrency activities, Russian authorities have reportedly launched a crackdown on unauthorized crypto exchanges, conducting extensive raids in Saint Petersburg and surrounding areas.

The meme-inspired cryptocurrency Shiba Inu (SHIB) has experienced a remarkable surge in its burn rate over the past month, skyrocketing by nearly 250% to a staggering 2.4 billion tokens.

On October 3, 2024, Visa announced the launch of its Visa Tokenized Asset Platform (VTAP), a groundbreaking service designed to facilitate the issuance and management of fiat-backed tokens.

The cryptocurrency landscape is witnessing a period of cautious behavior, particularly with the stablecoin USDC trading just below its peg of $1. Despite this fluctuation, USDC's daily trading volume remains robust, exceeding $8 billion, and its market capitalization has stabilized around $35.5 billion.

OKX, a leading cryptocurrency exchange, has officially announced the listing of a new U.S. dollar-backed stablecoin, PayPal USD (PYUSD).

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a prominent player in global fintech communication, is set to make significant strides into the digital asset realm.