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Author Julia Smith Author Julia Smith About Author Julia is an experienced writer with a passion for covering a wide variety of beats, especially those relating to policy, power and spectacle. She loves all things politics and regularly covers… Share Last updated:  October 24, 2025 FTX founder Sam Bankman-Fried’s (SBF) odds of being pardoned by U.S. President Donald Trump rose amongst Polymarket bettors on Thursday following news that he had granted clemency to Binance founder Changpeng ‘CZ’ Zhao, a poll on the decentralized prediction market shows.SBF Sees Pardon Odds Leap on PolymarketAccording to the poll labeled “Who will Trump pardon…

Federal Reserve Governor Christopher Waller floated the idea of the central bank creating a “skinny master account” for crypto firms which would grant them access to the Fed’s payment rails while keeping them away from a full Fed master account.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeFederal Reserve Governor Christopher Waller suggested this week that crypto companies could use a limited version of the Fed’s master account system, which would let these firms access U.S. payment rails while limiting their exposure to certain…

In brief Ethereum trades at $3,892 but faces massive market cap resistance. Gold’s nine-week rally just suffered its biggest drop in over a decade. Myriad prediction market odds favor ETH over gold. But it’s not an easy call. Here’s why. The race is on, and $5,000 is the finish line. But which asset gets there first—gold or Ethereum?On Myriad, the prediction market built by Decrypt’s parent company Dastan, traders have placed their bets: 65.5% of the money is on ETH reaching $5,000 before gold does.It’s a bold call considering gold, trading for $4,115 today, is closer to the target, despite…

Zelle announced plans to expand its $1 trillion US payments network internationally using stablecoins. The plan promises to make international money transfers faster and cheaper. Doubts arise about the initiative’s substance and whether it represents yet another banking consortium’s unsuccessful attempt to adopt blockchain technology.Sponsored Zelle Moves Beyond US BordersZelle, one of the most widely used payment networks in the United States, is going global. Early Warning Services (EWS), the bank-owned operator of Zelle, announced today a new initiative that aims to extend its $1 trillion payments system beyond US borders by leveraging stablecoins.The plan promises to make international money transfers faster,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Tether, issuer of the USDT stablecoin, expects to report a net profit of $15 billion at the end of 2025. This projection comes amid a favorable crypto regulatory environment in the United States, driving interest in stablecoins and other digital assets. Tether In Funding Talks With Prospective TradFi Investors In a recent post on Friday, Bloomberg shared key developments on Tether Holdings Ltd, operator of the largest stablecoin in the market. Notably, the company’s CEO and popular crypto figure Paolo Ardoino outlined positive profit predictions of $15 billion…

US President Donald Trump is planning to nominate Michael Selig as the next chair of the Commodity Futures Trading Commission (CFTC), after pulling back the nomination of Brian Quintenz.Bloomberg reported the news on Friday, citing an unnamed Trump administration official. No official announcement has been made at the time of this writing. Selig currently serves as the Securities and Exchange Commission’s crypto task force chief counsel and senior adviser to SEC Chair Paul Atkins. He has been characterized as “pro-crypto” by some analysts and influencers in the crypto community, who celebrated the potential nomination.Michael Selig. Source: PLIThe CFTC nomination race…

Ripple’s recent wave of high-profile acquisitions signals growing strength and ambition in bridging traditional finance with crypto.Yet concerns persist that Ripple’s reliance on XRP-linked financing exposes weaknesses in the company’s long-term financial sustainability and its ecosystem’s real utility.Sponsored Growth Outpaces Token UtilityRipple’s recent acquisitions, including Hidden Road and GTreasury, underline its accelerated push into traditional finance and its effort to expand financial infrastructure into corporate markets.However, Ripple’s growing footprint in traditional finance has reignited long-standing concerns about XRP’s utility and relevance. These newly acquired services primarily target institutional clients that rely on conventional financial instruments, leaving XRP with little to…

In brief Rumble is working with Tether to incorporate Bitcoin tipping in its video sharing platform. The firm adopted a Bitcoin treasury strategy and purchased its first tranche earlier this year. Shares of Rumble (RUM) fell slightly on Friday, now down more than 45% year-to-date. Publicly traded video sharing platform Rumble is integrating Bitcoin tipping, the firm’s CEO Chris Pavloski announced while onstage at the Plan B Forum in Lugano, Switzerland. The firm is working with stablecoin issuer and major investor Tether to enable Bitcoin tips, which are expected to be rolled out in full by early to mid-December. “Right now, we’re…

Shares of crypto miners rallied on Friday, with Bitfarms, Cipher Mining and Hut 8 extending gains after trading company Jane Street disclosed sizable positions in all three Bitcoin mining companies.Filings submitted to the US Securities and Exchange Commission on Thursday show that Jane Street’s trading affiliates own roughly 5.4% of Bitfarms, 5% of Cipher Mining and 5% of Hut 8, representing passive trading positions rather than activist holdings.Following the news, the stocks rallied 8% to 13% on Thursday, and continued to make gains on Friday. At market close on Friday, Bitfarms (BITF) was up 10.68%, Cipher Mining (CIFR) 19.73% and…

Share Last updated:  October 24, 2025 Copilot AI, Microsoft’s major challenger in the chatbot arms race, has released ambitious forecasts suggesting that Solana, XRP, and BNB may hit new highs over this quarterThe so-called “Uptober” rally came to an abrupt halt following President Donald Trump’s announcement of sweeping 100% tariffs on Chinese imports, a decision that roiled global markets and triggered one of the sharpest single-day sell-offs in the cryptocurrency space in recent memory.As the Federal Reserve’s next FOMC meeting approaches, traders have turned cautious, awaiting signs of potential monetary easing that could rekindle investor appetite for risk assets.Despite short-term…