The cryptocurrency market has taken a significant hit today, with the total market capitalization plummeting to approximately $2.08 trillion. This decline follows a period of sharp volatility, leaving investors and analysts alike questioning what led to this downturn.

Crypto's largest exchange, Binance, lost market share during Red September while competitors captured more user trading volume. According to an Oct.

According to CoinGecko, memecoins were the biggest crypto narrative in the second quarter of 2024, with a 14.3% share of all transaction volume.

Binance, known for its domination in the crypto exchange market since inception, has recently seen a significant slump in its trading activity. The exchange experienced a 20% drop in trading volume during September, compared to the previous month. This decline comes amid rising competition from platforms like Crypto.

Banks are gearing up to trial crypto transactions on the Swift network as the industry's shift toward tokenization accelerates. Financial institutions will soon use Swift's platform to settle “digital assets and currencies,” with pilots kicking off next year.

Pantera Capital CEO Dan Morehead thinks the US will have a “rational policy on blockchain” regardless of who wins November's presidential election. In a recent newsletter, Morehead points to Vice President Kamala Harris' decision to mention the blockchain sector in a speech last week.

Rep. Rich McCormick says the U.S. government's treatment of Binance exec Tigran Gambaryan—who is being detained in Nigeria—has been hypocritical compared to Brittney Griner.

Rising stablecoins in Sub-Saharan Africa are transforming the financial landscape, providing a lifeline to millions of desperate individuals struggling against instability in their economies. According to recent reports, stablecoins now make up 43% of total cryptocurrency transactions in this region.

Transak has announced that the Alabama Securities Commission has awarded it its first Money Transmitter License (MTL). With this noteworthy accomplishment, Transak's goal to provide safe and easily accessible crypto services throughout the US has advanced significantly.

Former US president Donald Trump has gained a slight lead over vice president Kamala Harris in the upcoming presidential election, with Polymarket data showing Trump at 50% and Harris trailing at 49%. Even though the race has been tight, the crypto supporters are slowly coming out of the shadows, as new polls reveal that the

Kraken has expanded its offshore with a new derivatives trading venue in Bermuda, licensed by the Bermuda Monetary Authority.

Chainalysis co-founder and CEO Michael Gronager has stepped back and has been on "personal leave" since Sept. 25 for "a personal issue."

A special law enforcement operation by the Australian Federal Police (AFP) has enabled authorities to gain access to crypto assets linked to the alleged mastermind and administrator of an organized crime app.

The proposal faces multiple steps before approval, but its passage could ultimately be a boon for the digital assets market.

Paul Grewal, the Chief Legal Officer at Coinbase has spotted some inconsistencies in crucial legal claims of the United States Securities and Exchange Commission (SEC). The basis for his opinion was the Lejilex lawsuit controversy that had the regulator file a reply brief.

Transak expands its U.S. operations with a Money Transmitter License in Alabama, improving its on-ramp services and promoting crypto adoption.

While Binance remains a giant in crypto trading, its volumes dropped over 20% in September versus the previous month, while rival Crypto.com's surged over 40%.

India's Enforcement Directorate, part of the Ministry of Finance, has launched an investigation into a ₹400 crore ($48 million) fraud. This fraud, part of the larger initiative where India cracks down on $48M crypto fraud, is connected to the online gaming app Fiewin.

TL;DR Binance experienced a 21% decline in derivatives trading volume in September, reaching $1.25 trillion, the lowest level since October 2023. Spot trading volume also decreased by 22.9%, totaling $344 billion, the lowest figure since November 2023. Crypto.com, its competitor, grew by 40.2% in spot trading and 42.

The crypto exchange is expanding its offerings in Bermuda as the US SEC goes after it on its home turf.

Bitcoin's price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At 1 p.m.

Taiwan's Financial Supervisory Commission (FSC) introduced new anti-money laundering (AML) regulations for virtual asset service providers (VASPs) in October 3, 2024, requiring full compliance by September 2025.

While Binance and other centralized exchanges saw activity decline in September, Crypto.com witnessed its trading volume reach an all-time high.

In a significant move against organized crime, Australia's federal police have seized $6.4 million worth of cryptocurrency linked to the Ghost network, an encrypted communications platform allegedly used by criminal syndicates. This operation, dubbed Operation Kraken, is part of a larger global initiative to dismantle illicit communication networks that facilitate criminal activities.

In a crowded market of crypto wallets, Plus Wallet is emerging as a true game-changer. With features like instant token listings, cross-chain flexibility, and a rewards system that compensates users for every trade, Plus Wallet offers more than just asset management—it provides a dynamic profit-boosting experience.

Taiwan's FSC introduces strict AML rules for crypto firms. Non-compliant firms face fines or imprisonment.

Swift will start live trials for tokenized asset and digital currency transactions in 2025 across major regions. The trials will connect public and private blockchains, enabling asset transfers and supporting CBDCs.

Visa has launched the Visa Tokenized Asset Platform (VTAP), a new initiative to help banks issue fiat-backed tokens on blockchain networks. On Oct. 3, the digital payment giant announced that VTAP is now accessible through its Developer Platform.

Me Protocol, a pioneering platform in the travel rewards industry, has been announced as the winner of the Tectris.vc Web3 in Travel Accelerator Program during the CV Summit 2024 in Zug, Switzerland.

At an intimate conference held in the City of London today, attended by leading financiers, Robert Mitchnick, head of digital assets at BlackRock, reflected on the asset manager's foray into the world of crypto and tokenization.

Kamala Harris is taking a different approach to cryptocurrency than President Joe Biden and she's making moves. Harris isn't just talking about being more crypto-friendly.

Visa is set to launch its global Visa Tokenized Asset Platform (VTAP) in 2025, allowing banks to issue fiat-backed tokens, including stablecoins, and manage digital transactions more efficiently.

Key Points:

Billionaire entrepreneur Mark Cuban says a recent run-in with SEC Chair Gary Gensler in a TV green room was an eye-opening experience.

Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced on Thursday that banks in North America, Europe, and Asia will begin live trials of digital asset transactions on its network by 2025.

The new global derivatives venue in Bermuda allows clients to trade over 200 contracts.

How did the crypto community respond to Kyle Bass' recent remarks on Satoshi Nakamoto?

A crypto investigation recently deep-dived into one of the industry's largest problems, revealing its extent might be larger than suspected. The report exposed how North Korean hackers have targeted and infiltrated the sector, presenting many legal and cybersecurity risks for companies and investors.

For wealth managers, crypto presents a key opportunity for growth – especially with rising mainstream interest after the approval of spot bitcoin and ether ETFs earlier this year.

Geopolitical tensions in the Middle East loom over Bitcoin and cryptocurrencies, but not for long, according to analysts. Ballistic missile attacks from Iran against Israel triggered a market selloff on Oct.

“Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto.” – Former President Donald Trump

Venture capital dominance in the crypto market is contributing to the underperformance of altcoins, with experts pointing to oversupply and liquidity issues.

The BBVA stablecoin project: from development in the sandbox to the operational phase in 2025

TL;DR Visa launches Tokenized Asset Platform (VTAP) to issue fiat-backed tokens. BBVA will carry out a pilot on Ethereum with VTAP in 2025. VTAP will facilitate interoperability between blockchains and automation with smart contracts.

Disruptive blockchain startup Locked.Money announced that it had raised over $1.1 million in seed and private rounds from within its community for its trustless digital asset management solution. Implementing cutting-edge trustless vaults to safeguard crypto investors' digital assets, Locked.Money combines the benefits of custodial and noncustodial solutions, giving users full control of their assets while granting them access to sophisticated legal frameworks, unparalleled tax benefits, and best-in-class asset protection.

Visa launched the Visa Tokenized Asset Platform, allowing banks to issue fiat-backed tokens on blockchain networks using smart contract technology.

Taiwan's Financial Supervisory Commission (FSC) has announced new anti-money laundering (AML) regulations targeting virtual asset service providers (VASPs).