12 Aug 2025, 05:30

Bybit Web3 Lists Eight New Tokens, Supports Direct Trading with USDT, USDC, SOL, BBSOL

BitcoinWorld Bybit Web3 Lists Eight New Tokens, Supports Direct Trading with USDT, USDC, SOL, BBSOL DUBAI, UAE, Aug. 12, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, today announced the listing of eight new tokens on its all-new Bybit Web3 platform , expanding users’ access to on-chain opportunities. The newly listed tokens are: Ava AI (AVA) TROLL (TROLL) The Spirit of Gambling (Tokabu) Housecoin (House) unstable coin (USDUC) Uranus (URANUS) PYTHIA (PYTHIA) Illusion of Life (SPARK) Bybit Web3: Efficient Integration With the new Bybit Web3, users do not need to juggle multiple external wallets, top up gas tokens, or navigate clunky DeFi interfaces. Users can now buy and sell these tokens directly using USDT, USDC, SOL, or BBSOL from their Unified Trading Account (UTA) — instantly, securely, and without any setup hassle. Proceeds from token sales are automatically credited to the user’s UTA, ensuring a seamless flow of liquidity between centralized and decentralized markets. This efficient integration delivers the speed and convenience of a centralized exchange combined with the innovation and opportunities of Web3. Bybit Web3 already supports a growing roster of trending Solana-based assets, giving traders access to early-stage projects and emerging market opportunities. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: [email protected] For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube This post Bybit Web3 Lists Eight New Tokens, Supports Direct Trading with USDT, USDC, SOL, BBSOL first appeared on BitcoinWorld and is written by chainwire

12 Aug 2025, 05:30

Paxos Renews Push for US National Trust Bank Charter

Approval from the Office of the Comptroller of the Currency (OCC) will allow Paxos to custody assets and settle payments nationwide under federal oversight, which could help boost institutional appeal. The filing follows the enactment of the GENIUS Act, the first federal framework for stablecoin issuers, which bans yield-bearing stablecoins. Industry experts believe this will accelerate capital into tokenized assets as institutions look for compliant ways to earn yield. Paxos’ move also happened after a $48.5 million NYDFS settlement and during a time of growing momentum for tokenization in markets. Paxos Eyes Federal License Paxos Trust Company, the crypto infrastructure firm behind PayPal’s PYUSD stablecoin, filed to convert its New York limited-purpose trust charter into a US national trust bank charter, reviving its effort that expired in 2023. If approved, the federal charter from the Office of the Comptroller of the Currency (OCC) will allow Paxos to custody customer assets and settle payments nationwide under federal oversight. This could potentially make the company more attractive to institutional clients. Unlike traditional banks, national trust banks are not permitted to accept cash deposits or issue loans. Paxos co-founder and CEO Charles Cascarilla said OCC oversight will strengthen the company’s long-standing commitment to safety and transparency. Press release from Paxos The renewed application was filed after the expiration of Paxos’ original federal charter approval. The company first applied in December of 2020 and received preliminary conditional approval in April of 2021, which allowed it to work toward meeting capital, compliance, and operational requirements before launching. However, OCC rules stipulate that conditional approvals expire after 18 months if the bank is not opened, and Paxos’ authorization lapsed on March 31, 2023. During that time, the firm continued to operate under its New York limited-purpose trust charter, which it has held since 2015 , and expressed interest in pursuing federal oversight when the timing was more favorable. The expiration came during a period of mounting regulatory pressure, particularly surrounding Paxos’ relationship with Binance. In February of 2023, the New York Department of Financial Services (NYDFS) ordered Paxos to stop issuing Binance USD due to compliance concerns, which ultimately ended its partnership with the exchange. This scrutiny culminated recently when Paxos agreed to a $48.5 million settlement with the NYDFS over alleged failures to maintain adequate anti-money laundering safeguards during its dealings with Binance. The agreement includes a $26.5 million fine and a $22 million investment in strengthening its compliance program. Announcement from the NY Department of Financial Services Paxos’ renewed application also came shortly after the enactment of the GENIUS Act, which is the first federal framework for stablecoin issuers. Similar charter applications were also filed by companies like Ripple and Circle. GENIUS Act Fuels Tokenization Shift The recently enacted US GENIUS Act could become a major driver of stablecoin adoption both domestically and globally, but its impact may go beyond boosting demand for dollar-backed digital currencies. Industry experts believe the law could unintentionally accelerate capital flows into the tokenization market as investors search for yield on their holdings. One of the central provisions of the GENIUS Act is its prohibition on yield-bearing stablecoins, which prevents holders from earning interest on their digital dollar balances. According to Will Beeson, former Standard Chartered executive and founder of Uniform Labs, this restriction will push t institutions to look for compliant avenues to earn yield while maintaining liquidity. He said in an interview that trillions of dollars in non-interest-bearing stablecoins are poised to enter the digital finance space, and institutional holders are unlikely to sit on idle, depreciating assets. Instead, they will demand yield and infrastructure that allows seamless, compliant access to it. Beeson believes the focus will shift from merely holding stablecoins to enabling programmatic access to risk-free yield and the ability to move between cash and high-quality assets on demand. Aptos Labs’ Solomon Tesfaye, also sees tokenization benefiting as much as stablecoins from the GENIUS Act’s framework. To meet this demand, Uniform Labs is developing Multiliquid, an institutional liquidity layer for tokenized markets that facilitates programmable, real-time conversion between tokenized assets — like US Treasurys and money market funds — and stablecoins. The platform’s open architecture allows compliant issuers to integrate without commercial agreements. While Beeson declined to name partners, he confirmed that Uniform Labs is collaborating with several leading institutions, fintech firms, and stablecoin issuers ahead of its planned launch later this year. Before founding Uniform Labs, Beeson was chief product officer at Libeara, a tokenization platform incubated by Standard Chartered’s SC Ventures. The tokenization trend, according to World Economic Forum’s Sandra Waliczek , is set to expand beyond private credit and government bonds into asset classes like real estate and private equity. She pointed out that tokenization enables fractional ownership by breaking traditionally exclusive assets into smaller, more affordable units, thereby broadening access to a wider range of investors.

12 Aug 2025, 05:28

BONK dips 11% despite getting corporate treasury boost: check forecast

The cryptocurrency market had an excellent weekend but begins the new week bearish. After breaking above $122k on Sunday, Bitcoin has now dropped below $119k after losing 2.3% of its value in the last 24 hours. Altcoins are also in the red, with memecoins recording huge losses due to their volatile price actions. BONK, the native token of the Bonk ecosystem, is the worst performer among the top 50 cryptocurrencies by market cap. It is down 12% in the last 24 hours and could dip further if the bearish trend continues. BONK gets a $25m corporate treasury boost BONK’s poor performance comes despite the ecosystem getting a corporate treasury boost. Nasdaq-listed Safety Shot (SHOT) announced on Monday that it has taken a 10% revenue stake in Bonk.fun, among the largest memecoin launchpads on Solana. This latest development means that Safety Shot will receive $25 million worth of BONK for its treasury, aligning the public company directly with the platform’s growth. Furthermore, the Nasdaq-listed company revealed that it will issue preferred shares convertible into common stock and reinvest about 90% of its BONK.fun revenue into BONK token purchases. CEO Jarrett Boon pointed out that this latest development isn’t only about purchasing cryptos but acquiring a stake in “a highly profitable engine” within digital assets. Bonk’s launchpad, Bonk.fun, generated over $35 million in user fees in July, surpassing rival Pump.fun to become the highest-earning memecoin launchpad last month. Currently, Bonk.fun accounts for more than 80% of Solana’s daily new token launch market share. At its peak, the launchpad records over 20,000 tokens deployment, with daily volume surpassing $100 million. However, the corporate treasury boost didn’t result in the BONK’s price soaring higher as the broader crypto market recorded massive sell-off in the last 24 hours. BONK could bounce back $0.000030 despite bearish conditions The BONK/USD 4-hour chart is bullish and efficient despite the heavy selloff in the last 24 hours. The bullish chart suggests that there is no major break of structure to the downside and that buyers are still in control despite the ongoing correction. However, the technical indicators are getting weak, indicating that the bullish bias might change soon if the current trend continues. The MACD lines are crossing into the negative territory, indicating a pending bearish bias. Furthermore, the RSI has dropped to the neutral 50, suggesting that buyers are losing control of the market. If the bearish trend continues, BONK could drop below the TLQ and major support level at $0.00002358 in the coming hours. An extended bearish run would see BONK fall below $0.000020 for the first time this month. However, the market could bounce back on positive CPI inflation report later today. If that happens, BONK could quickly reclaim the first major resistance level at $0.02880. It could extend its rally towards $0.00003280 if the market pumps harder. The post BONK dips 11% despite getting corporate treasury boost: check forecast appeared first on Invezz

12 Aug 2025, 05:26

Bitcoin Traders Eye $135K, Ether $4.8K in Crosshairs as CPI Data Looms

Crypto markets extended gains into Tuesday’s U.S. inflation print, with bitcoin (BTC) holding above $118,000 after a 2.2% daily rise and ether (ETH) steady at $4,300, capping a 17.2% weekly surge that has it closing in on its $4,800 record. Gains were broad across majors as XRP (XRP) climbed 3.2% to above $3.16, Solana’s SOL (SOL) rose 5.2% to $176, dogecoin (DOGE) rose 5.7% to 22 cents, and Binance’s BNB (BNB) added 1.2% to $800. Lido’s staked ether mirrored ETH’s move with an 18% weekly gain. The global cryptocurrency market cap rose to $4 trillion, according to CoinGecko. This week’s rally has flipped the usual dynamic, with altcoin strength dragging BTC higher instead of the other way around. “This is one of the few times when a rally in major altcoins has inspired BTC to break through,” said Alex Kuptsikevich, chief market analyst at FxPro. He noted BTC has already cleared the $120,000 technical barrier, with “the bull’s nearest target now looking to be the $135,000–$138,000 area.” ETH’s outperformance has been bolstered by pro-crypto U.S. legislation and heavy ETF inflows. “Ethereum has gained over 21% in seven days and 45% in the last 30 days,” Kuptsikevich said, adding that the token’s on-chain activity and address growth are nearing historical highs. “We would not be surprised to see its $4,800 peak updated in the coming days.” Macro correlations remain tight with the S&P 500 and Nasdaq are trading near records, shrugging off fresh U.S. tariffs and political drama. The consensus for today’s CPI is a 10-basis-point uptick to 2.8% annual inflation. QCP Capital said in a client note that a softer reading “would likely lock in September rate cut expectations” — now near 100% odds after dovish Fed commentary — while a hotter print could stall the rally. Derivatives flows show traders hedging CPI event risk, with front-end BTC puts in the $115,000 – $118,000 range seeing heavier demand, QCP said, even as short-call covering adds fuel to the upside. BTC ETF inflows and institutional positioning will be critical in determining whether resistance at $122,000 – $124,000 breaks before the week’s end, the firm ended. Read more: ETH Transaction Volume Climbs on Price Rally, Cheaper DeFi Costs

12 Aug 2025, 05:25

Malaysian Central Bank’s Bold Revelation: Bitcoin & XRP as Monetary Alternatives

BitcoinWorld Malaysian Central Bank’s Bold Revelation: Bitcoin & XRP as Monetary Alternatives A fascinating development recently emerged from the heart of Malaysia, sparking significant discussion in the financial world. The Malaysian Central Bank , officially known as Bank Negara Malaysia (BNM), published a working paper that delves into the intriguing possibility of cryptocurrencies like Bitcoin (BTC) and Ripple (XRP) serving as future monetary alternatives . This isn’t just a casual observation; it suggests these digital assets could potentially replace traditional currency in circulation or bank deposits, becoming widespread payment methods outside the conventional banking system. This exploration by the Malaysian Central Bank signals a growing acknowledgment of digital currency ‘s evolving role in global finance. What Did the Malaysian Central Bank Paper Reveal? The working paper, a significant document from the Malaysian Central Bank , explored various scenarios where cryptocurrencies might fit into the nation’s financial landscape. It specifically highlighted Bitcoin and XRP as examples of digital assets with the potential to act as substitutes for existing money forms. The paper considered cryptocurrencies as potential replacements for traditional currency in circulation (CIC). It also looked at their capacity to serve as alternatives to bank deposits. Crucially, the study envisioned these digital assets becoming widespread payment methods, operating independently of the established banking infrastructure. This detailed analysis from a central bank is a powerful indicator of the shifting perspectives on cryptocurrency adoption . Why Are Bitcoin and XRP Being Considered as Monetary Alternatives? The paper’s focus on Bitcoin XRP is particularly noteworthy. Both assets possess unique characteristics that make them intriguing candidates for future payment systems. Bitcoin, known for its decentralization and robust network, offers a censorship-resistant form of value transfer. XRP, on the other hand, is celebrated for its speed and low transaction costs, making it appealing for cross-border payments. The discussion revolves around their ability to facilitate transactions efficiently and offer a degree of independence from traditional financial intermediaries. As the world becomes increasingly digital, the appeal of a streamlined digital currency for everyday transactions grows stronger. Challenges and Opportunities for Cryptocurrency Adoption While the prospect of cryptocurrencies as monetary alternatives is exciting, the Malaysian Central Bank ‘s paper also implicitly acknowledges the challenges. Regulatory frameworks, consumer protection, price volatility, and scalability are all crucial considerations that need addressing before widespread cryptocurrency adoption can occur. However, these challenges also present opportunities for innovation and collaboration between traditional finance and the crypto sector. Key Considerations: Regulatory Clarity: Clear rules are essential for mainstream integration. Consumer Protection: Safeguarding users from risks like fraud and loss. Price Stability: Addressing volatility to ensure cryptocurrencies can function as a reliable store of value. Technological Infrastructure: Building robust systems to handle high transaction volumes. Overcoming these hurdles will pave the way for a more integrated and efficient financial future. What Does This Mean for the Monetary Future? The fact that a major institution like the Malaysian Central Bank is openly discussing Bitcoin XRP and other digital assets as potential replacements for traditional money is a significant paradigm shift. It indicates that central banks worldwide are seriously evaluating how digital innovations will reshape the financial landscape. This isn’t about replacing fiat currency overnight, but rather acknowledging the growing demand for and potential of decentralized and digital forms of money. This exploration by the Malaysian Central Bank could inspire other nations to conduct similar studies, accelerating the global conversation around digital currency and its role in our collective monetary future . The financial world is undoubtedly on the cusp of profound transformation. The working paper from the Malaysian Central Bank represents a pivotal moment in the ongoing narrative of cryptocurrencies. By openly considering Bitcoin and XRP as viable monetary alternatives , Malaysia has signaled a forward-thinking approach to the evolving financial landscape. While significant challenges remain, this official acknowledgment underscores the irreversible trend towards cryptocurrency adoption and the increasing prominence of digital currency in our lives. The journey towards a more digitally integrated financial system is underway, and nations like Malaysia are at the forefront of this exciting exploration. Frequently Asked Questions (FAQs) Q1: What exactly did the Malaysian Central Bank’s paper say about Bitcoin and XRP? The working paper from the Malaysian Central Bank (BNM) stated that cryptocurrencies like Bitcoin (BTC) and Ripple (XRP) could potentially serve as widespread payment methods, replacing traditional currency in circulation or bank deposits outside the conventional banking system. Q2: Does this mean Malaysia will adopt Bitcoin and XRP as official currencies soon? Not necessarily. The paper is a working document exploring potential scenarios and implications. It indicates that the Malaysian Central Bank is studying the feasibility and impact of such a shift, but it does not confirm immediate plans for adoption as official currencies. Q3: What are the main benefits of using cryptocurrencies as monetary alternatives? Benefits include potentially lower transaction costs, faster cross-border payments, increased financial inclusion for the unbanked, and greater efficiency compared to traditional banking systems, especially for specific cryptocurrencies like Bitcoin XRP. Q4: What challenges does the Malaysian Central Bank likely consider for cryptocurrency adoption? Key challenges include regulatory uncertainty, price volatility of cryptocurrencies, consumer protection issues, cybersecurity risks, and the need for robust technological infrastructure to handle large-scale transactions. These factors are crucial for successful digital currency integration. Q5: How does this development compare to other countries’ approaches to digital currency? Many central banks globally are exploring central bank digital currencies (CBDCs) or researching the implications of private cryptocurrencies. The Malaysian Central Bank’s explicit mention of Bitcoin and XRP as potential monetary alternatives, rather than solely focusing on CBDCs, positions it among the more open-minded institutions regarding existing decentralized digital assets. If you found this article insightful, please consider sharing it with your network! Help us spread awareness about the evolving landscape of cryptocurrency adoption and the future of digital currency by sharing on social media. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Malaysian Central Bank’s Bold Revelation: Bitcoin & XRP as Monetary Alternatives first appeared on BitcoinWorld and is written by Editorial Team

12 Aug 2025, 05:24

Jeff Bezos’ Company Makes a Move into Cryptocurrency: Even Bezos Can’t Ignore It

NYSE-listed integrated payments company Shift4 Payments announced a partnership with Jeff Bezos' space travel company Blue Origin, allowing customers to purchase space trips with cryptocurrencies and stablecoins such as Bitcoin, Ethereum, Solana, USDT and USDC. Under the new agreement, payments for space flights aboard Blue Origin's reusable New Shepard rocket will be made directly through popular wallets like Coinbase and MetaMask, thanks to Shift4's payment infrastructure. These commercial flights, which have seen more than 75 people cross the Kármán Line into space, will now be available with cryptocurrency payment options. Related News: Everyone Buys Bitcoin and Ethereum: But This Company Has Its Eyes on Another Altcoin - It Made a Hefty Purchase “Our goal has always been to transform commerce. Now we're taking that vision beyond Earth. Together with Blue Origin, we're enabling adventure-seeking travelers to easily plan the trip of a lifetime with the payment method of their choice,” said Shift4 CEO Taylor Lauber. Shift4's Head of Crypto, Alex Wilson, reminded the public that cryptocurrencies have now reached a $4 trillion asset class, saying, “Crypto and stablecoin payments will grow in popularity, especially for high-cost purchases. Both consumers and businesses will benefit financially from these transactions.” *This is not investment advice. Continue Reading: Jeff Bezos’ Company Makes a Move into Cryptocurrency: Even Bezos Can’t Ignore It