Sui enters the stablecoin race with a fully backed token and a synthetic dollar using delta-neutral hedging, as synthetic finance gains new traction.
Sam Bourgi
Sam Bourgi is a senior news writer and editor at Cointelegraph, where he covers Bitcoin and the broader digital asset economy. With a background in economics and public policy, he analyzes the intersection of cryptocurrency and traditional finance. He authors the Crypto Biz newsletter, which explores blockchain business and venture capital. Sam has spoken at major tech conferences, including Web Summit, Collision, Blockchain Futurist and Proof of Work. Before joining Cointelegraph, he worked at think tanks, boutique research firms, and other crypto media outlets. He studied economics and public policy and holds a Master’s degree from McMaster University. Sam holds Bitcoin and USDC above Cointelegraph’s disclosure threshold of $1,000.
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Synthetic tokens see a comeback as stablecoins market cap climbs - Newsletter
Crypto Biz: From banks to biotechs, real-world assets move onchain TradFi dives deeper into crypto: Tether’s mega raise, SEC eyes onchain stocks, JPMorgan expands Kinexys and a biotech bets treasury on DePIN.
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Standard Chartered-custodied AlloyX launches tokenized fund on Polygon AlloyX debuts a tokenized money market fund on Polygon, merging bank-custodied assets with DeFi strategies amid growing demand for real-world assets.
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Alpaca rolls out network enabling direct tokenization of US stocks The Instant Tokenization Network allows institutions to mint and redeem tokenized US stocks with in-kind settlement and 24/7 access.
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Injective debuts pre-IPO derivatives, distancing from Robinhood private equity tokens Injective launches onchain pre-IPO perpetuals for companies like OpenAI, offering leveraged exposure and a decentralized alternative to Robinhood’s tokens.
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Following US success, Robinhood eyes expansion of prediction markets overseas Robinhood eyes UK and EU rollout of its booming prediction markets, but faces questions over classification.
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SEC weighs plan to allow blockchain-based stock trading amid crypto push: Report The SEC is exploring a plan to let blockchain-based versions of stocks trade on crypto exchanges, signaling growing support for tokenization.
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Turkey to empower watchdog to freeze crypto accounts in AML crackdown: Report Turkey plans new legislation letting Masak freeze crypto accounts to fight money laundering, aligning with FATF standards.
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Nasdaq-listed Predictive Oncology launches $344M DePIN treasury focused on Aethir The cancer research company has adopted a digital asset treasury model centered on decentralized physical infrastructure networks.
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Tether’s mega fundraise draws top investors as it expands beyond yield income SoftBank and ARK are reportedly eyeing an investment in Tether, a move that could value the stablecoin issuer at up to $500 billion as it diversifies beyond USDT.
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Crypto Biz: Wall Street turns the key: Banks, stablecoins, tokenized collateral hit fast-forward Wall Street leans into crypto: E*Trade to add BTC, ETH and SOL, JPMorgan cools on stablecoin risks, and CFTC tests tokenized collateral.
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As IPO rumors swirl, Kraken secures $500M funding at $15B valuation: Report The reported funding round comes amid earlier indications that the crypto exchange is preparing for a potential public offering.
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Chintai and Splyce target retail access to tokenized securities on Solana New S-Tokens give retail users indirect exposure to institutional-grade assets on Solana, reflecting DeFi’s push beyond accredited investors.
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CleanSpark secures second BTC-backed credit line this week without share dilution The new $100 million facility with Two Prime boosts CleanSpark’s total borrowing capacity to $400 million, fueling data center and hashrate expansion plans.
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USDt issuer Tether seeks $20B raise at $500B valuation: Report Tether is reportedly eyeing up to a $500 billion valuation, which would rank the stablecoin issuer among the world’s most valuable companies.
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Fed's Powell and Bowman stress job market fragility as more rate cuts loom Fed Chair Jerome Powell warned of labor market weakness after Fed’s first rate cut in nine months, as futures markets bet on more easing ahead.
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E*Trade to add Bitcoin, Ether, Solana in Morgan Stanley’s crypto expansion E*Trade will let clients trade Bitcoin, Ether and Solana in 2026, marking Morgan Stanley’s entry into crypto with Zerohash support.
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Ramaswamy-backed Strive buys Semler Scientific in Bitcoin treasury merger Strive’s $675 million Bitcoin buy and Semler merger create a 10,900 BTC treasury company, making it one of the world’s top corporate BTC holders.
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Peso in freefall: US lifeline to Argentina met with Bitcoiners’ doubt US steps in with a lifeline as Argentina battles peso turmoil, investor flight and President Javier Milei’s waning credibility. Crypto adoption surges.
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CFTC adds crypto leaders to digital asset group, JPMorgan exec tapped for co-chair Uniswap, Aptos, BNY, Chainlink, JP Morgan and Franklin Templeton executives join CFTC’s Digital Asset Markets Subcommittee under Acting Chair Pham.
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Crypto Biz: Rails, rigs and regulation — the new crypto economy PayPal launches P2P crypto links, Google tests AI payments, miners pivot to data centers and Bitwise eyes stablecoin ETF.
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Ethena taps Flowdesk as USDe climbs $14 billion amid synthetic dollar surge Ethena has partnered with Flowdesk to boost USDe and USDtb access, as USDe surpasses $14 billion in market cap and becomes the third-largest stablecoin.
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Coinbase taps DeFi to offer up to 10.8% yield on USDC holdings The Morpho integration brings DeFi lending directly into Coinbase’s app, giving USDC holders access to onchain yields as stablecoin adoption accelerates.
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Grayscale prepares to stake Ether holdings amid shifting SEC stance: Arkham Grayscale shifts 40,000 ETH as it eyes staking, potentially making it the first US Ethereum ETF sponsor to test SEC clarity on staking rules.
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Bullish paves way for US launch with New York BitLicense Bullish secures NYDFS BitLicense and Money Transmission License, unlocking crypto trading and custody services for institutions in New York.
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Binance seeks DOJ deal that could end 2023 compliance monitor: Report The DOJ is reportedly considering lifting a three-year compliance monitor imposed under Binance’s $4.3 billion settlement.
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Bitcoin mining stocks outperform BTC as investors bet on AI pivots Cipher, Terawulf, Iris Energy, Hive and Bitfarms rallied sharply in September, outpacing Bitcoin despite tightening mining economics and weaker onchain activity.
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Google unveils open-source protocol for AI payments with stablecoin support Google’s AI payment protocol was developed in collaboration with Coinbase, signaling crypto’s growing role in powering the AI-driven digital economy.
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As digital asset treasury mNAVs collapse, only strong will survive — Standard Chartered Standard Chartered warns of risks as Bitcoin, Ethereum and Solana treasury companies face valuation crunch.
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Robinhood seeks SEC approval for venture fund accessible to retail investors The brokerage is seeking SEC approval for Robinhood Ventures Fund I, which would trade on the NYSE and expose retail investors to private companies.