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coin

COIN usually refers to the stock ticker of Coinbase, which is a leading cryptocurrency trading platform founded in 2012 and headquartered in San Francisco, USA. Coinbase offers buying, storing, and trading services for various cryptocurrencies such as Bitcoin and Ethereum, and is known for its user-friendly interface and high security. In 2021, Coinbase went public on the Nasdaq through a direct listing, becoming the first major cryptocurrency exchange to be publicly listed, with the stock ticker COIN.
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first_img Report: The cost of remittances using stablecoins is 84% lower than traditional transfers, with settlement taking just a few minutes

The third-quarter report released by the stablecoin payment network Borderless.xyz shows that the median cost of sending a $200 remittance through stablecoin funding channels is 1%, or $2; whereas, according to World Bank data, the median cost of traditional remittance channels is 6.36%, or $12.72. In comparison, the cost of stablecoin remittances is approximately 84% lower. This comparison uses Borderless's pricing for the third quarter of 2026 and World Bank data for the same period in 2025.In emerging markets, the cost advantage is also evident. The cost of stablecoin remittances in Sub-Saharan Africa is 2.9%, while traditional transfers are 8.46%; in Latin America, the figures are 1.25% and 5.64%, respectively. In terms of corporate payments, a $10,000 stablecoin transfer to the Eurozone can cost as low as $26 when choosing the lowest-cost service provider, with the median service provider costing $52; traditional international bank wire transfers for the same amount require $135 to $150, including transfer fees and a 1% foreign exchange spread.Regarding settlement speed, the report states that stablecoin payments can reach the recipient's local bank account within minutes. The median settlement time for Brazil's PIX network in the third quarter is 2 minutes, Mexico's SPEI is 3 minutes, and Colombia's PSE is 2 minutes; traditional SWIFT transfers typically settle the next day, with the slowest 10% taking 3 business days. The success rate for receiving funds varies significantly: Mexico's SPEI is 98.6%, Brazil's PIX is 97.8%, Colombia's PSE is 79%, and Costa Rica's SINPE is only 73%. Standard Chartered Bank recently pointed out that although the total market capitalization of stablecoins has grown relatively slowly this year, transaction volumes are still rising, and it is expected that this market will reach $2 trillion by 2030, two years later than previously predicted.

CryptoQuant: The proportion of new Bitcoin whales in the realized market value has risen to about 1/3, with a cost basis of approximately $77,000

CryptoQuant analyst MorenoDV_ published an analysis indicating that the realized market cap of new whales in Bitcoin is $78.61 billion, while old whales stand at $159.15 billion. New whales account for 33.06%, compared to about 18% earlier in 2026.Since September, the realized market cap of new whales has continued to grow, while old whales have remained relatively stable, with the growth primarily coming from new whales. The realized market cap is calculated based on the price at the last on-chain transfer of the tokens and does not represent the proportion of BTC supply.In terms of cost, the overall cost basis of new whales has decreased from a previous high of around $110,000 to about $68,000 at the end of August, before rebounding to around $77,000. The current BTC price is $82,134, which is approximately 6.7% higher than the cost basis of new whales.The analysis suggests that the data shows large holders buying during the downturn and continuing to accumulate as prices rebound. However, the turnover of the holder group and transfers between addresses can also inflate the realized market cap, so the growth in realized market cap cannot be interpreted as an equivalent influx of new funds. If BTC continues to fall below around $77,000, new whales will incur losses again, increasing the likelihood of selling during a rebound. The inflow to exchanges and realized losses can be used to determine whether this is short-term pressure or if large holders are starting to sell off again.

Three senior officials from Russia joined the board of the payment company A7, with a trading volume of approximately 140 billion US dollars for its ruble stablecoin A7A5

According to a report by Reuters, the Russian government press office announced that Finance Minister Anton Siluanov, Energy Minister Sergei Tsivilev, and First Deputy Prime Minister Denis Manturov have joined the board of directors of the Russian payment company A7. In the context of Western sanctions affecting traditional banking channels, A7's role in maintaining trade relations between Russia and partners such as China is expanding.A7 was established in 2024 by the Russian bank PSB, which primarily serves the defense sector, to provide cross-border transaction settlement services for Russian enterprises. Due to Western sanctions, traditional banks have difficulty processing many payments related to Russia, especially trade payments with Russia's largest trading partner, China. A7 estimates that currently, up to 80% of Russia's foreign trade payments are completed through alternative channels.A7 has been subjected to multiple Western sanctions. The U.S. Treasury imposed sanctions on it on October 1, stating that it has established a global network of affiliated companies that "disguises payments related to sanctioned industries and individuals as ordinary business activities." A7 uses the ruble stablecoin A7A5 for settlements. This token was launched in 2025 in Kyrgyzstan and is backed by ruble deposits held at PSB Bank. According to PSB's estimates, the cumulative transaction volume of A7A5 has reached approximately $14 billion.

first_img Nine cryptocurrency companies established the Quantum Alliance, aiming to defend against quantum risks to 6.4 million bitcoins

According to CoinDesk, nine cryptocurrency companies announced the establishment of a Quantum Alliance on Thursday, planning to develop universal security standards for Bitcoin, Ethereum, and other blockchain networks to address the threats posed by future quantum computers.The alliance estimates that about 6.4 million Bitcoins, or 30.2% of the supply, have their public keys exposed, and future quantum computers could reverse-engineer wallet public keys to recover private keys and steal assets. The alliance explained that since no quantum computer currently has sufficient computing power, these Bitcoins cannot be stolen in this manner for the time being. Members include Hacken, Midnight Foundation under Charles Hoskinson, the quantum-resistant layer one blockchain Quantus, and Postquant Labs.There are significant differences in the industry regarding when the quantum threat will arrive. Bryn Bennett, Chief Revenue Officer of The Vault, stated that no one knows the exact date, but estimates are continuously being revised downward, and this risk can be planned for in advance. The question for custodians is not whether the threat will appear in 2028 or 2035, but whether they can complete the migration if it arrives earlier.Richard Carback, Chief Technology Officer of Postquant Labs, believes that it is realistic for machines capable of breaking existing cryptography to emerge by 2028. Recent research has lowered the estimates of the computing power required to attack Bitcoin and Ethereum, but currently, no existing machines can break their cryptography, and related predictions remain controversial.The question of whether to freeze vulnerable Bitcoins has also sparked debate. Bennett pointed out that no one is responsible for this issue; custodians only protect client assets, not abandoned assets. Freezing tokens is a governance decision of the Bitcoin network, and any freeze would set a precedent of exchanging quantum risk for property rights and neutrality. Carback prefers to transfer vulnerable tokens and suggested placing them in a trust, allowing holders who can prove ownership to reclaim their funds.Binance founder Changpeng Zhao once suggested that if quantum technology advances and Satoshi Nakamoto's approximately 1.1 million Bitcoins remain untouched, they should be frozen; Bitcoin developer Jameson Lopp also proposed limiting vulnerable tokens to prevent theft, but critics argue that freezing someone else's Bitcoins contradicts the promise that no one can confiscate Bitcoins. Achieving quantum resistance requires replacing the digital signatures that authorize transactions, which necessitates consensus among developers, miners, wallet service providers, exchanges, and users. The new signatures may also occupy more block space, increasing transaction fees or reducing the number of transactions Bitcoin can process.

CoinShares: Digital asset investment products saw an outflow of 434 million dollars this week

According to the CoinShares market report, the U.S. September CPI rose by 0.6% month-on-month and 3.7% year-on-year, exceeding the market expectation of 3.6%. Gasoline prices increased by 9.1% for the month, accounting for about half of the overall increase. The core CPI rose by 0.3% month-on-month and 2.6% year-on-year. During the same period, U.S. September retail sales grew by 0.8% month-on-month, higher than the expected approximately 0.3%, with August data revised up to 1.3%. However, retail sales excluding gasoline only grew by 0.2%, lower than August's 1%.The report pointed out that inflation remains high, and economic demand also remains resilient, leading the market to reprice the Federal Reserve's policy in a hawkish manner, causing Bitcoin and the overall digital asset market to decline. Data shows that since the CPI was released, market sentiment has significantly weakened, with global digital asset investment products seeing an outflow of $434 million so far this week. Regarding interest rate expectations, as of October 15, Polymarket data shows that the probability of the Federal Reserve maintaining interest rates at the October meeting is about 75%, while the probability of a 25 basis point rate hike is about 25%. After the CPI release, the futures market clearly shifted to a hawkish stance, with expectations for another rate hike within the year rising significantly.

first_img GTA 6 trailer now Dacity Coin, the same named Solana Meme coin skyrocketed 2900%

On Thursday, Rockstar released the trailer for the launch of "GTA 6," in which an airplane's fuselage is printed with the words "DacityCoin AudaCity," and a character ignites a neon pink flare on the wing. The term "Dacity Coin" appears for only about two seconds but triggers a surge in on-chain transactions. Within an hour of the trailer's release, a meme coin of the same name on Solana skyrocketed 2900% from a market value of $104,000, reaching a peak of $3.18 million. Since the token was created five days before the trailer was released, traders had ample time to buy in before the surge.The birth of this token stems from game footage of "GTA 6" leaked by the notorious Rockstar hacker "Cyberleek," which featured Dacity Coin, though only a few traders noticed at the time. The coin launched on October 11 on the Solana new listing platform Pump.fun, with its market value briefly soaring to $1.14 million, then falling back to $144,700 and consolidating until it surged again on Thursday. According to DEX Screener data, 24 traders made over $10,000 in profit on this token, with the highest earner turning $1,912 into $44,000. Currently, Dacity's market value is $1.5 million, down about 53% from its peak of $3.18 million.According to the GTA wiki, the game's protagonist, Lucia, is asked to promote the AudaCity brand with parachuting stunts and attract investment for Dacity Coin. If true, the game seems to satirize the various extreme performances that meme coin creators have conducted over the years to promote their tokens. There have been precedents for similar situations: in February 2025, "Fortnite" introduced a fictional cryptocurrency called Dill Bits, after which a real token of the same name appeared on Solana, peaking at a market value of $4.78 million before plummeting 96%; in April of the same year, Epic Games CEO Tim Sweeney called it a scam, after which the coin surged 2700% and then dropped 82% within days. Rockstar has yet to respond regarding Dacity Coin.
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