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MEV driving institutions away from DeFi, costing users dearly: Crypto exec

Maximal extractable value (MEV), the process of miners or validators reordering transactions in a block to extract profits, is preventing financial institutions from adopting decentralized finance (DeFi), which hurts retail users, according to Aditya Palepu, CEO of DEX Labs, the lead contributor to
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Crypto’s changing demographics demand a new approach to crypto security

Opinion by: Louise Ivan, co-founder and CEO of Ryder
Step aside, maximalists. Crypto isn’t the domain of early adopters and philosophically driven “hodlers” anymore. The demographics of crypto usage are shifting fast, with stablecoins, in particular, leading the charge.
Forget about newcomers
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Solana ETFs see inflows for 4th consecutive day amid ‘capital rotation’ from Bitcoin, Ether funds

Spot Solana exchange-traded funds (ETFs) continue to attract investor interest, recording their fourth straight day of inflows amid “capital rotation” from Bitcoin and Ether funds.
According to data from SoSoValue, spot Solana (SOL) ETFs added $44.48 million on Friday, bringing cumulative inflows
SOL-0.22%
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ETH1.13%
LTC4.77%
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Bitcoin starts $100K ‘capitulation’ as BTC price metric sees big volatility

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Cathie Wood’s ARK bags $5M in Bullish shares as the exchange celebrates US launch

Cathie Wood’s ARK Invest has expanded its bet on Bullish, the digital asset exchange that recently went public on the New York Stock Exchange under the ticker BLSH, acquiring over $5 million worth of shares across multiple
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Musk unveils X Chat, a messenger with encryption ‘similar to Bitcoin’

Tech entrepreneur and billionaire Elon Musk is set to launch a standalone messaging app called “X Chat” to compete with Telegram and WhatsApp, with a rollout expected within the next few months
“On X, we just rebuilt the entire messaging stack into what’s called ‘X Chat,’” said Musk during The
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New Hampshire Senate stalls crypto mining deregulation bill after split vote

A vote from the Senate Commerce Committee on a bill aimed at deregulating crypto mining in New Hampshire was split on Thursday, after senators reported public feedback on the bill had surged since it was last debated.
After being deadlocked twice, once on advancing the bill and again on rejecting i
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Quantum threat to Bitcoin still years away, says Borderless Capital partner

Although still in its “infancy,” quantum computing could pose a threat to Bitcoin and other proof-of-work algorithms in the near future, according to Amit Mehra, a partner at venture capital firm Borderless Capital.
When asked what trends Borderless Capital was following, Mehra, speaking to
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SUI1.94%
SOL-0.22%
ATOM1.85%
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Caitlin Long’s crypto bank loses appeal over Fed master account

A US appellate court has ruled against Custodia Bank, the crypto-friendly institution founded by Caitlin Long, siding with the Federal Reserve in a lower court decision.
In a Friday judgment in the US Court of Appeals for the Tenth Circuit, three circuit judges affirmed a lower court ruling in the
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US Treasury Secretary praises Singapore’s digital asset adoption at APEC

US Treasury Secretary Scott Bessent praised Singapore’s leadership in stablecoin and digital asset adoption during a meeting with Prime Minister Lawrence Wong on Friday, according to an official readout from the US Department of the Treasury
The discussion was held at the Asia-Pacific Economic
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Poor UX is causing stablecoin 'ticker fatigue': ZachXBT

The number of different stablecoin tickers and token standards is fragmenting liquidity across the crypto ecosystem and burdening users with a poor experience that is costly, technical,and time-consuming, according to onchain sleuth ZachXBT.
Cross-chain bridging restrictions, gas and transaction fe
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Canaan to supply Bitcoin mining rigs for Japan’s electric grid stability project

Mining hardware producer Canaan has won a contract to supply 4.5 megawatts (MW) of Bitcoin mining application-specific integrated circuits (ASICs) for a project designed to help stabilize Japan’s electric grid.
According to a Thursday announcement, the company will supply an electrical
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Bitcoin set for first red October in seven years: What will November bring?

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Deutsche Bank and DWS-backed EURAU stablecoin goes multichain with Chainlink

AllUnity’s euro-backed stablecoin, EURAU — a joint venture between Deutsche Bank and asset manager DWS — is expanding across multiple blockchains by using Chainlink’s crosschain infrastructure.
According to a Thursday announcement shared with Cointelegraph, EURAU will use Chainlink’s Cross-Chain
LINK0.87%
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The EU’s two-tier encryption vision is digital feudalism

Opinion by: Bill Laboon, vice president of Ecosystem at the Web3 Foundation
Sam Altman, CEO of OpenAI, recently showed a moment of humanity in a tech world that often promises too much, too fast. He urged users not to share anything with ChatGPT that they wouldn’t want a human to see. The
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