Author: Ethan Carter

Former kickboxing champion and controversial influencer Andrew Tate has become one of the latest celebrities to invest in Kanye West’s newly launched YZY token, but his investments are already incurring heavy losses.A wallet address associated with Tate opened a 3x leveraged short position on the YZY token at $0.85, currently showing a loss of $16,000.Blockchain analytics platform Lookonchain reported on Friday that Tate “doesn’t seem to excel at perps trading,” with losses nearing $700,000 on this single Hyperliquid account. “So far, he’s made 80 trades on #Hyperliquid — only 29 were profitable (win rate: 36.25%) — with total losses of…

Former kickboxing champion and contentious influencer Andrew Tate has joined the ranks of celebrities investing in Kanye West’s newly launched YZY token, but his investments are already facing significant losses.A wallet associated with Tate initiated a 3x leveraged short position on the newly launched YZY token at $0.85, currently reflecting a $16,000 loss on the trade.According to blockchain analytics platform Lookonchain, Tate “doesn’t appear to excel in perps trading,” with cumulative losses approaching $700,000 on a single Hyperliquid account. “To date, he has completed 80 trades on #Hyperliquid — only 29 of which were profitable (win rate: 36.25%) — resulting…

Former kickboxing champion and contentious influencer Andrew Tate is among the latest celebrities to invest in Kanye West’s newly introduced YZY token, but his investments are already showing substantial losses.A wallet associated with Tate established a 3x leveraged short position on the recently launched, West-related YZY token at $0.85 and is currently facing a $16,000 loss on the investment.Tate “doesn’t appear proficient in perps trading,” as his total losses approach $700,000 on this single Hyperliquid account, reported blockchain analytics platform Lookonchain in a Friday X post. “Thus far, he’s completed 80 trades on #Hyperliquid — only 29 were successful (win…

DBS Bank has revealed its initiative to enhance blockchain features by tokenizing structured notes on the Ethereum blockchain, allowing access for qualified investors via three digital investment platforms. This signifies DBS’s inaugural token distribution, which includes crypto-linked structured notes enabling non-DBS clients to engage with this asset class through the bank’s digital asset ecosystem. […]

Japanese financial conglomerate SBI has formed new blockchain partnerships with USDC issuer Circle, XRP developer Ripple, and the Web3 company Startale.SBI Group announced these three distinct partnerships on Friday, which include stablecoin collaborations with US companies Circle and Ripple, as well as a new tokenization project with Singapore-based Startale.In collaboration with Startale, SBI plans to create an onchain trading platform for tokenized stocks and real-world assets (RWAs) to facilitate 24/7 trading.Through its stablecoin partnerships with Ripple and Circle, SBI aims to explore innovative ways to promote the adoption of Circle’s USDC (USDC) and Ripple’s Ripple USD (RLUSD) stablecoin.Joint Circle venture…

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Institutional investments and altcoin activity reflect increasing trust in the crypto space. BPENGU presale secures $4.2M through fair tokenomics, staking rewards, and progressive rounds creating energy. Liquidity, events, and conservation efforts promote sustainable, purpose-driven development. The crypto market is abuzz with enthusiasm as institutional interest reaches unprecedented levels. In Q2 2025, over $15.8 billion flowed into US Bitcoin and Ethereum spot ETFs, demonstrating robust confidence in the sector. Moreover, altcoins and memecoins are gaining traction, drawing attention with fresh projects and increased funding. A new leader is captivating the crypto landscape: Bitcoin Penguins (BPENGU). As its presale approaches the final…

Summary Lead plaintiffs informed the court that Yacov Baron has retracted his intervention motion and objections to the settlement, eliminating the last obstacle to approval. The settlement will benefit approximately 89,000 BlockFi Interest Account holders who were unable to access funds following the platform’s collapse in November 2022. BlockFi’s bankruptcy was initiated by its $680 million exposure to FTX, which declared bankruptcy the day after BlockFi halted customer withdrawals. A $13.2 million class action settlement for BlockFi investors has progressed toward approval following the withdrawal of the last objector. This may eliminate the final barrier for compensating many who were…

Gemini has hinted at the release of an XRP-branded Mastercard, sparking renewed excitement within the XRP community. But will this initiative be enough to reverse the token’s downward trend? Summary Gemini has teased the introduction of an XRP-powered credit card. XRP has been experiencing a downward trend throughout this month. Technical indicators imply that selling pressure is decreasing. On August 21, a post by crypto exchange Gemini showcased a billboard in New York featuring an XRP-branded Mastercard. The advertisement included the date “8.25.25,” likely signaling the card’s launch, and identified WebBank as the issuing partner. “Prepare your bags,” the exchange…

Summary House Republicans have incorporated anti-CBDC provisions into an upcoming Defense Bill. The U.S. is the only major economy currently pausing the development of retail CBDCs. Stablecoins are gaining popularity in the U.S. as lawmakers express concerns about the privacy and control issues associated with CBDCs. House Republicans have included a section prohibiting central bank digital currencies (CBDCs) within a comprehensive bill outlining defense budget allocations and priorities for the upcoming financial year. The provision, found within bill H.R. 3838, would bar the Federal Reserve from testing, developing, or implementing a CBDC under any designation. An exception is included for…