‍Coinbase CEO's Actions Spark Prediction Market Ethics Debate During Coinbase's Q3 earnings call, CEO Brian Armstrong intentionally mentioned specific crypto terms to influence prediction markets like Kalshi and Polymarket. This action, while seen as "fun" by some, has ignited a debate on market ethics and platform integrity. While the financial impact was minimal due to low liquidity, the incident highlighted the growing influence and potential vulnerabilities of decentralized forecasting platforms. Industry figures expressed mixed reactions, with some criticizing it as insider trading and others defending it as a lighthearted gesture. The event underscores the need for transparency and ethical considerations as prediction markets gain traction. https://cryptovka.ru/en/news/6306/coinbase-ceo-s-earnings-call-stunt-ignites-prediction-market-ethics-debate

‍Stablecoins, Bitcoin Mining, and Lending See Major Developments Major financial institutions are accelerating stablecoin initiatives, driven by regulatory clarity and demand for digital payments. Citigroup projects the stablecoin market to reach $4 trillion by 2030 and is partnering with Coinbase. Western Union is building a stablecoin payment network on the Solana blockchain for USDPT. Meanwhile, mid-tier Bitcoin miners like Cipher Mining and Bitdeer are challenging industry leaders post-halving. Digital lender Ledn has surpassed $1 billion in Bitcoin-backed loan originations this year, indicating a trend of holders borrowing against BTC instead of selling. https://cryptovka.ru/en/news/6305/corporate-giants-drive-stablecoin-innovation-bitcoin-mining-lending-evolve

‍Appeals Court Upholds Fed's Denial of Master Account for Crypto Bank Custodia A federal appeals court has affirmed the Federal Reserve's decision to deny Custodia a master account, citing "undue risk" associated with its crypto-focused business model. The court sided with the Fed's discretion in granting access to its services, a crucial step for digital asset firms. While a dissent argued for broader access to eligible non-member banks, Custodia expressed disappointment but noted the strong dissent. The company may seek a rehearing. Future policy shifts or specialized "skinny" master accounts could offer alternative paths for crypto banking integration. https://cryptovka.ru/en/news/6304/appeals-court-upholds-fed-s-right-to-deny-crypto-bank-custodia-master-account

‍California Fines Coinhub $675K for Bitcoin ATM Violations The California DFPI has fined Bitcoin ATM operator Coinhub $675,000 for violations including excessive fees and exceeding transaction limits. $105,000 of the fine will be returned to consumers. This marks the fourth such action by the DFPI, reinforcing the Digital Financial Assets Law. Global regulators are also increasing scrutiny, with bans and fines issued in Spokane, New Zealand, and warnings from FinCEN and the FBI regarding crypto ATM scams. https://cryptovka.ru/en/news/6303/california-fines-coinhub-675k-for-bitcoin-atm-violations-boosts-regulatory-scrutiny

‍Tether Reports $10 Billion Profit, Outpacing Major Banks Tether, the issuer of USDT, has announced a $10 billion profit for the first three quarters of 2025, positioning itself ahead of many traditional financial institutions. This achievement is primarily driven by returns from its significant holdings in U.S. Treasuries. The company's net income surpasses that of Bank of America and U.S. Bank, and is nearing earnings of Morgan Stanley and Goldman Sachs. Tether's USDT stablecoin also saw a circulating supply of over $184 billion. Tether holds approximately $135 billion in U.S. Treasuries and plans to launch a U.S.-focused stablecoin, USAT, by the end of 2025. https://cryptovka.ru/en/news/6302/stablecoin-powerhouse-tether-reports-10b-profit-outpacing-major-banks

‍Steak 'n Shake Offers $5 in Bitcoin Rewards with New Promotion Fast-food chain Steak 'n Shake has partnered with Fold to offer customers $5 in Bitcoin (BTC) rewards for purchasing the new Bitcoin Burger or Bitcoin Meal. The promotion is available at nearly 400 U.S. locations. Customers must upload their receipt to bitcoinmealdeal.com and redeem a code via the Fold app to receive their BTC. "Bitcoin goes mainstream when it starts showing up in everyday life," stated Will Reeves, CEO of Fold. Steak 'n Shake also began accepting Bitcoin payments earlier this year. https://cryptovka.ru/en/news/6300/savor-bitcoin-steak-n-shake-s-latest-promotion-delivers-btc-rewards

‍CoinW Promotes 'Crypto Marathon Spirit' to Rebuild Trust The crypto industry faces a trust crisis, with $4.6 billion lost to scams in 2024 alone. CoinW is countering this with a "crypto marathon spirit," emphasizing long-term growth and community engagement. Their strategy includes on-chain aggregation, proprietary trading infrastructure, and Layer-2 development. CoinW actively engages globally, sponsoring Token2049 Singapore and Coinfest Asia. Their 8th Anniversary Marathon series in cities like Berlin, Paris, Hong Kong, and Shenzhen highlights direct user interaction. With over 20 million users and an eight-year operational history without major security incidents, CoinW showcases a resilient and trustworthy approach to digital assets. https://cryptovka.ru/en/news/6299/coinw-pioneers-crypto-marathon-spirit-to-rebuild-trust-in-digital-assets

‍Covalent Establishes Strategic Reserve for $CXT Token Covalent has launched the Covalent Strategic Reserve to strengthen the economic foundation of its native $CXT token. The initiative will direct revenue from GoldRush APIs, SpeedRun, and other sources into a locked token reserve. Future outflows from the reserve will require governance votes. This move aims to translate revenue into onchain value, reduce circulating supply, and create deflationary pressure on $CXT. No further token unlocks are planned for $CXT. https://cryptovka.ru/en/news/6298/covalent-launches-strategic-reserve-to-bolster-cxt-economy-and-drive-deflationary-trajectory

‍Coinbase Defends Political Contributions Amid Influence Claims Coinbase's chief policy officer, Faryar Shirzad, has responded to accusations of undue political influence. Senator Chris Murphy claimed Coinbase's funding of initiatives like the White House ballroom project and contributions to the PAC Fairshake were linked to potential political favors, specifically an SEC enforcement action. Shirzad clarified Coinbase's support for the National Mall Trust's ballroom project, noting broad corporate contributions and describing Fairshake as non-partisan. He also distanced the exchange from construction oversight of the project, estimated at $350 million. Coinbase's broader political engagement includes sponsoring the US Army's 250th anniversary and CEO Brian Armstrong lobbying for crypto market structure legislation. https://cryptovka.ru/en/news/6296/coinbase-defends-white-house-ballroom-funding-amid-political-influence-claims

‍ARCS 2.0 Integrates Blockchain with Japanese Real Estate The ARCS project has launched ARCS 2.0, focusing on data sovereignty and integrating blockchain with real-world assets. This evolution aims to create a decentralized economic ecosystem. ARCS 2.0 partners with SSG Holdings to revitalize Japan's historic kominka homes. The ARX token will be the exclusive settlement currency for property transactions, rentals, and rewards, providing tangible utility within the booming Japanese tourism and vacation rental market. The ARCS 2.0 ecosystem is built around the ARX token, designed for active use and integration into verifiable economic activities. Initiatives include a DAO, an Ecosystem Fund, and a Cross-Chain Bridge. https://cryptovka.ru/en/news/6295/arcs-2-0-pioneers-data-sovereignty-with-blockchain-powered-kominka-real-estate