Category: Bitcoin

Ethereum Confirms December Launch Date for Fusaka Upgrade

Ethereum Confirms December Launch Date for Fusaka Upgrade

Developers finalise December 3 rollout introducing PeerDAS to improve transaction speed and reduce costs across layer-2 networks

Ethereum’s next major upgrade, known as Fusaka, will be activated on December 3 following a successful round of testing this week. Developers agreed on the date during a core team call on Thursday, confirming the network’s latest milestone toward greater scalability and efficiency.

The Fusaka update introduces a new data-sampling method called PeerDAS, designed to reduce the computational load required for processing data from layer-2 chains. The method will expand the “blob” storage system first implemented in the 2024 Dencun upgrade, allowing more transaction data to be handled in each block and lowering costs for users on layer-2 networks.

Ethereum co-founder Vitalik Buterin described PeerDAS as critical for scaling, noting that the feature could allow rollups to process a far higher number of transactions at minimal cost. By distributing storage and verification responsibilities across nodes, PeerDAS is expected to improve speed and bandwidth efficiency without increasing hardware demands.

Alex Stokes, one of the core developers leading Thursday’s meeting, said the community response had been highly positive. “It’s a really big deal,” he commented, following confirmation of the date.

The update follows earlier upgrades—Dencun and Pectra—that introduced temporary data storage and expanded blob capacity. Fusaka builds on these changes by enabling the network to gradually increase blob limits without requiring a full coordinated hard fork each time.

In addition to PeerDAS, the Fusaka release will implement security and usability adjustments, including transaction size limits, gas cost recalibrations, and new support for passkey-style authentication. These changes aim to improve reliability for validators and developers while making the network more accessible for everyday users.

Ethereum’s price has shown little immediate reaction to the news, with ETH trading around $3,760, down approximately 2% for the week. Market watchers remain divided on the short-term price impact, though many developers view Fusaka as a long-term structural improvement that strengthens the network’s capacity for growth.

The upgrade’s mascot, a zebra, symbolises the striped distribution pattern of PeerDAS data columns—a visual nod to the network’s next step in scaling its global infrastructure.

Former BlockFi Chief Zac Prince Joins Galaxy Digital to Lead New Banking Platform

Ex-BlockFi CEO Takes Helm at Galaxy Digital’s New Consumer Banking

VenturePrince returns to crypto sector with Galaxy One, offering yield-bearing accounts and integrated trading services

Zac Prince, former chief executive and co-founder of the collapsed crypto lender BlockFi, has returned to the digital asset sector as head of Galaxy Digital’s newly launched banking platform, Galaxy One. The move marks his first major leadership role since BlockFi’s bankruptcy, which followed the downfall of the FTX exchange in 2022.

Galaxy Digital, led by investor Mike Novogratz, hired Prince earlier this year to oversee the platform, which allows customers to earn yield on cash deposits and trade both cryptocurrencies and traditional equities. Galaxy One reflects the company’s expansion into consumer-focused financial products amid tighter oversight and changing investor sentiment in the digital asset market.

Speaking to Bloomberg, Prince said his risk tolerance has shifted following BlockFi’s collapse, describing Galaxy as “night and day” compared with his previous venture in terms of structure, regulation, and approach to risk.

BlockFi, once one of the largest crypto lenders, became a symbol of the sector’s lending boom and subsequent downturn. The company had offered interest-bearing accounts with returns of up to 9.5% before FTX’s collapse left it without sufficient liquidity. It had previously raised capital from firms including Valar Ventures and Galaxy Digital, which led a $52.5 million funding round in 2018.

In 2022, BlockFi settled charges from the U.S. Securities and Exchange Commission over its unregistered lending products and misleading statements to investors, paying $100 million in penalties.

Prince’s appointment at Galaxy marks a return to prominence for one of crypto’s most visible figures from the last market cycle. Galaxy One’s launch underscores the industry’s gradual shift toward more regulated and risk-aware financial products.

AI and Bitcoin Mining Stocks Surge After OpenAI Strikes Multi-Billion Dollar Chip Deal with AMD

OpenAI Deal Sends AMD Shares Soaring 30% and Sparks Rally Across AI Mining Sector

OpenAI’s agreement to buy tens of billions of dollars in AMD processors boosts chipmaker’s shares 30% and lifts AI-linked miners across the market

OpenAI has reached an agreement to purchase tens of billions of dollars worth of computer chips from Advanced Micro Devices (AMD), sending the chipmaker’s stock soaring by 30% and sparking a rally across artificial intelligence and high-performance computing (HPC) sectors.

AMD Surges on Multi-Billion Dollar Chip Agreement with OpenAI as AI Miners See Double-Digit Gains

According to the Financial Times, the deal could give OpenAI up to a 10% stake in AMD over time. Shares of AMD climbed to around $225 following the announcement. The chips acquired under the deal are expected to deliver a total computing power capacity of 6 gigawatts. OpenAI executives estimate that each gigawatt of capacity costs about $50 billion to develop, factoring in both chips and supporting infrastructure.

The agreement triggered gains across AI-related and Bitcoin mining companies, which often benefit from major infrastructure expansion in the computing sector. Bitfarms rose 8%, IREN climbed 12% to a record $56, Hive Digital advanced 12%, Cipher Mining added 7%, CleanSpark increased 5%, and TerraWulf gained 5% during Monday’s U.S. trading session.

Galaxy Digital, which has converted its Helios campus into a large-scale AI and HPC data center, also benefited from the rally. In August, the company secured $1.4 billion in financing to upgrade the facility and signed a long-term lease with CoreWeave covering up to 800 megawatts of computing capacity. Galaxy shares rose 5% on Monday following the AMD announcement and the launch of its new GalaxyOne wealth management platform, which offers FDIC-insured cash accounts with a 4% yield and automated investments in crypto and U.S. equities.

Galaxy Digital’s shares have now risen 116% since the start of the year.

Bitcoin Record ATH as Price Surges Beyond $125,000

Bitcoin Sets Historic Record Above $125,000 as Investors Flock to Safe-Haven Assets

 

Rising institutional demand and global economic uncertainty drive new milestone for the cryptocurrency

Bitcoin has reached a new all-time high, surpassing $125,000 for the first time since its creation 17 years ago. The milestone was achieved during Asian trading hours, with nearly $50 billion in volume recorded over the past 24 hours, according to CoinGecko data.

Bitcoin Surpasses $125,000 Milestone Amid Institutional Buying and Market Volatility

The surge triggered a wave of liquidations across the market, with CoinGlass reporting that roughly $100 million in short positions were cleared in a single hour and more than $200 million over the past day.

Analysts attribute the rally to a mix of macroeconomic conditions and growing institutional participation. Joe DiPasquale, CEO of BitBull Capital, said the ongoing U.S. government shutdown has encouraged investors to look toward Bitcoin as a hedge against uncertainty and as a potential store of value.

Standard Chartered’s global head of digital assets, Geoff Kendrick, said in a note to investors that the bank expects Bitcoin to continue climbing, projecting a short-term target of $135,000 and suggesting it could exceed $200,000 by the end of the year.

The move follows a brief slowdown earlier in the week when traders took profits near the previous record of $124,128. The current rally, however, shows continued confidence in Bitcoin’s long-term strength.

Users of Myriad, a prediction market developed by Decrypt’s parent company Dastan, had anticipated the new record, giving more than 90% odds of Bitcoin reaching $125,000 by Friday. Current predictions on the platform suggest Bitcoin will outperform Ethereum throughout October.

The article’s content is for informational purposes only and should not be considered financial or investment advice.

Floki Enters European Market With Launch of First Exchange-Traded Product

Floki Enters European Market With Launch of First Exchange-Traded Product

Valour introduces regulated FLOKI investment vehicle on the Spotlight Stock Market

Valour has launched the first exchange-traded product (ETP) linked to the Floki cryptocurrency, marking its entry into a regulated European market.

The product, named Valour Floki SEK, is listed on the Spotlight Stock Market in Sweden and allows both retail and institutional investors to gain exposure to FLOKI through a secure and regulated structure. It is the first ETP connected to a project on the BNB Chain outside of Binance’s own token.

Valour Floki SEK tracks the FLOKI token, which serves multiple functions within the Floki network, including payments, staking, governance, and access to services such as decentralised finance platforms, the Valhalla NFT gaming metaverse, and the University of Floki educational platform. FLOKI is listed on major global exchanges including Binance, Coinbase, Kraken, and Bitstamp.

The certificate is issued by Valour Inc, has no expiry date, and carries a management fee of 1.9 percent. It is traded in Swedish kronor with a current price of 16.33 SEK and is available on major brokerages such as Avanza, Nordnet, comdirect, ING, Scalable Capital, Degiro, and justTRADE. Assets under management currently total 100,000 SEK.

Valour stated that its ETP products are fully hedged by the corresponding digital assets, held in custody by licensed providers such as Copper. The firm’s base prospectuses are approved by the Swedish Financial Supervisory Authority, ensuring compliance with European Union standards for regulated financial instruments.

Floki’s development team said the listing represents a step toward wider adoption, bringing the token to a broader audience of retail and institutional investors through regulated investment channels.

TokenFi Launches U.S. Campaign With Times Square Billboard and National TV Coverage

TokenFi Launches U.S. Campaign With Times Square Billboard and National TV Coverage


Partnership with New to The Street to broadcast across 219 million American households

TokenFi has launched a nationwide media campaign in the United States through a three-month partnership with financial news network New to The Street, combining television interviews, advertising, and large-scale billboard promotion in New York City.

The agreement includes bi-monthly interviews on Fox Business and Bloomberg Television, providing exposure to an estimated 219 million households. Alongside these segments, TokenFi commercials will air more than 100 times each month across CNBC, Fox Business, and Bloomberg during regular business hours. An additional 50 Bloomberg slots are planned for the second month of the campaign.

A central element of the rollout is the takeover of the Reuters digital billboard on 42nd Street in Times Square, where TokenFi promotions will appear 20 times an hour for four weeks each month. The campaign will also feature related projects, including Floki and Valhalla.

Footage from the broadcasts will be published on New to The Street’s YouTube channel, which has over 3.4 million subscribers, and circulated across its social media platforms. Monthly press releases and syndicated updates will be sent to major business news outlets such as ABC, NBC, CBS, and Fox.

In addition to the media coverage, TokenFi plans to meet investors through events in New York, including presentations to brokers, family offices, and retail participants.

Vince Caruso, chief executive of New to The Street, said the initiative aims to introduce TokenFi to both institutional and retail audiences through a mix of broadcast, digital, and outdoor exposure.

The campaign begins in October 2025, with interviews scheduled to air during evening programming on Fox Business and Bloomberg Television.

QPR Partners with TokenFi for Training Kit Sponsorship

Queens Park Rangers has signed a sponsorship agreement with TokenFi, which will see the blockchain firm become the club’s official training kit sleeve partner for the 2025-26 EFL Championship season.

The deal includes TokenFi branding on the first team’s training wear, as well as that of the coaching staff and manager. The company’s logo will also feature across Loftus Road, including on LED boards, dugout seating, hospitality areas, and media backdrops.

QPR Commercial Director Euan Inglis said the agreement will strengthen the club’s efforts to reach supporters worldwide. “By introducing tokenization, we are offering new ways for fans to connect with the club,” he said.

As part of the partnership, QPR and TokenFi will roll out digital campaigns, matchday graphics, newsletters, and video content, with further tokenization initiatives planned for the future.

TokenFi Community Relations Officer Pedro Vidal said the collaboration will allow fans to engage with the club in new ways through the company’s asset tokenization platform. The deal also opens the door to future joint promotions involving TokenFi’s associated brands, Floki and Valhalla, across upcoming seasons.

Crypto Robot Wants to Be Your Friend and Pay You for the Privilege

Robot Roommate Wants to Chat, Play Music, and Pay You in Crypto

Floki teams up with Rice Robotics to release a talkative gadget that rewards human interaction with tokens and companionship

In a development that sounds suspiciously like the plot of a tech-themed sitcom, a cryptocurrency project and a Hong Kong robotics firm have joined forces to build a robot that talks, entertains, and gives you cryptocurrency for keeping it company.

Rice Robotics, known for making robots that deliver parcels and occasionally small talk, has launched the Minibot M1—a personal robot assistant powered by artificial intelligence and backed by meme coin outfit Floki. The pint-sized machine is designed to fetch information, tell stories, and hold conversations with its human owners, who will be rewarded in $RICE tokens every time they engage with it. That’s right: it’s a robot that pays you for attention.

The $RICE token, which fuels this arrangement, will go live on TokenFi Launchpad. Anyone holding Floki’s other coin ($FLOKI) or TokenFi’s token ($TOKEN) can expect some free digital change to drop into their accounts via airdrops—no word on whether the robot will deliver it in person.

Backers of the project include some heavy hitters like SoftBank, Nvidia, and Dubai Future Foundation. Rice Robotics already has machines running errands for 7-Eleven in Japan and performing office duties at SoftBank’s headquarters. Apparently, the next logical step is building robots that double as needy flatmates with crypto wallets.

Floki, meanwhile, is stretching beyond dog-themed coins into artificial intelligence and asset tokenization through its sister company TokenFi. Its hope is that robots will someday swap training data with each other the way humans swap stories in pubs—only without the beer, and hopefully with fewer misunderstandings.

Rice Robotics recently bagged $7 million in a pre-Series A funding round, which included contributions from Alibaba Entrepreneurs Fund and others. The goal? A decentralized robot data network, where bots learn from each other without having to report back to headquarters—sort of like the office gossip grapevine, but with code.

With analysts estimating the AI robotics sector could surpass $100 billion by 2030, Floki and Rice are betting people will be open to the idea of a friendly robot who can play your favorite playlist, schedule your dentist appointment, and throw in a few coins for the chat.

Whether this becomes the new normal or just another chapter in tech’s long history of odd inventions remains to be seen. But for now, the idea of a robot that listens to your stories and gives you money sounds like a futuristic therapy session—minus the hourly rate.

Would you let a robot pay you to be your friend?

The Binary Holdings Secures $5 Million Investment from ABO Digital to Expand Decentralized Network

Partnership to Drive Growth Toward a Billion Users by 2025

The Binary Holdings, a decentralized technology firm valued at $16.9 billion, has announced an investment of up to $5 million from ABO Digital, a firm specializing in alternative financing for cryptocurrency projects. The funding is expected to accelerate the expansion of The Binary Holdings’ decentralized network, which aims to integrate Web2 and Web3 infrastructures and serve one billion users by 2025.

Headquartered in Dubai, The Binary Holdings operates a global ecosystem connecting 169 million users across industries such as payments, gaming, and digital commerce. The company is leveraging its proprietary platform, The Binary Network, to enable seamless, cross-border transactions and interactions. A key feature of the platform is BNRY, its unified digital currency designed to facilitate frictionless transactions among users, businesses, and service providers.

With agreements in place with seven major telecommunications companies and an expanding network of non-telecom partners, The Binary Holdings is establishing itself as a leader in decentralized digital commerce. The company’s infrastructure supports interoperability, allowing users and businesses to interact without barriers between platforms or national borders.

Launch of Millenia Digital Bank

As part of its expansion, The Binary Holdings plans to launch Millenia, a digital bank designed for cross-border payments and remittances, in Q2 2025. Millenia will offer a low-cost, fast, and transparent platform powered by The Binary Network’s decentralized infrastructure. BNRY will serve as the primary currency for transactions, underscoring the network’s focus on interoperability and accessibility.

Expanding Blockchain Ecosystem

The Binary Holdings is also collaborating with multiple blockchain networks to support decentralized applications (dApps). Partnerships with over seven Layer 1 and Layer 2 blockchains enable developers to access the company’s growing user base and infrastructure. This strategy aims to bridge the gap between Web2 and Web3, fostering the widespread adoption of decentralized technologies.

“The Binary Holdings is setting a new standard for global digital commerce,” said Siddharth Sahi, Chief Business Officer at The Binary Holdings. “With the launch of Millenia, support from ABO Digital, and our expanding partner network, we are committed to delivering innovative solutions that empower businesses and users worldwide.”

ABO Digital’s Support

Talal Samy, Investment Associate at ABO Digital, expressed optimism about the collaboration. “The Binary Holdings’ ability to scale and deliver real-world solutions aligns with our mission to foster the growth of decentralized technologies,” Samy said. “We are proud to support their efforts to drive Web3 adoption and create a more connected digital economy.”

Pioneering Decentralized Commerce

The Binary Holdings is positioning itself as a key player in the global digital economy, particularly in Southeast Asia and the Middle East. Its blockchain technology underpins innovations in decentralized finance, gaming, and digital commerce, creating a robust ecosystem that redefines business and payment processes. With a clear vision for mass adoption, the company is poised to lead the evolution of the decentralized digital economy.

The investment from ABO Digital marks a significant step in The Binary Holdings’ journey to mainstream adoption, with a focus on practical applications such as cross-border payments and decentralized commerce. The collaboration underscores the growing role of blockchain technology in shaping the future of the global digital landscape.

Floki’s Valhalla Launches Major Campaign at Dubai’s Mall of the Emirates

Blockchain Game Targets Growing Crypto Audience in the UAE

Valhalla, the blockchain-based Play-to-Earn massively multiplayer online role-playing game (MMORPG) by Floki, has partnered with Dubai’s Mall of the Emirates for a month-long branding campaign. The collaboration, announced on November 13, aims to strengthen Valhalla’s presence in one of the world’s fastest-growing cryptocurrency markets.

From November 15 to December 12, Valhalla’s branding will be featured across 93 digital screens in the Mall of the Emirates, a high-traffic shopping destination that attracts over 111,500 visitors daily. This strategic move provides Valhalla with an opportunity to reach a diverse audience of residents and international tourists.

The Mall of the Emirates, located on Sheikh Zayed Road, is one of Dubai’s most prominent landmarks. Spanning 255,489 square meters, it houses over 630 retail outlets, 80 luxury stores, and 250 flagship brands. Its popular attractions, including Ski Dubai, Magic Planet, and VOX Cinemas, alongside more than 100 dining options, make it a prime location for engaging with a broad demographic.

Expanding in a Key Crypto Market

Valhalla’s campaign in Dubai aligns with the UAE’s position as a leading hub for cryptocurrency adoption. Despite its relatively small population, the UAE recorded $34 billion in cryptocurrency transactions between July 2023 and June 2024, reflecting a 42% year-on-year growth, according to blockchain analytics firm Chainalysis.

Dubai’s rise as a global crypto hub has been supported by initiatives such as the Dubai International Financial Centre (DIFC) and the Virtual Asset Regulatory Authority (VARA), which provide favorable regulatory environments for blockchain enterprises. Valhalla’s campaign at the Mall of the Emirates positions the game to capitalize on this momentum, enhancing awareness of its Play-to-Earn ecosystem.

This initiative builds on Floki’s previous four-week campaign at WAFI Mall in Dubai, which began on November 8 and runs through December 5. By combining efforts across two prominent shopping destinations, Floki aims to strengthen its foothold in Dubai’s competitive crypto market.

The partnership with the Mall of the Emirates underscores Floki’s broader strategy to establish itself as a leading player in the region’s burgeoning blockchain economy.