November 16, 2025
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21Shares Debuts First Crypto Index ETFs Under SEC’s 1940 Act, Boosting Trust in Blockchain Investments
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Sonic Labs Shifts to Business Value and Blockchain Sustainability, Moves Beyond Speed
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Turbo Energy Launches Tokenized Blockchain Financing for Clean Energy Projects on Stellar
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Pakistan Weighs Rupee-Backed Stablecoin to Capture $25B Crypto Growth Opportunity

Category: Altcoin

Crypto Biz: Wall Street Stablecoin Race Accelerates With Citi, Western Union Driving Blockchain Innovation

Block24Seven06 mins

The competition to develop robust stablecoin infrastructure is intensifying across Wall Street and corporate America, making headlines in both mainstream and crypto news circles. With the US GENIUS Act providing long-awaited regulatory clarity, leading financial giants, Citigroup and Western Union are now at the forefront of innovation, embracing blockchain technology to modernize payments and cross-border transactions for the crypto pur community…

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Hong Kong Approves First Spot Solana ETF, Surpassing US in Crypto ETF Race

Block24Seven06 mins

Hong Kong has once again cemented its leadership in the global crypto news landscape by approving its first spot Solana (SOL) exchange-traded fund (ETF), beating the US to this milestone and extending its edge over Western regulators in embracing innovative blockchain technology. The move makes Hong Kong the latest jurisdiction after Canada, Brazil, and Kazakhstan, to advance spot…

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Ripple-Linked Evernorth to Go Public in $1B SPAC Deal to Build World’s Largest XRP Treasury

Block24Seven08 mins

In a groundbreaking development for institutional crypto adoption, Evernorth Holdings, a digital asset company backed by Ripple Labs, has announced plans to go public through a $1 billion SPAC merger with Nasdaq-listed Armada Acquisition Corp II. The merger will position Evernorth as the largest regulated institutional XRP treasury globally, boosting mainstream confidence in blockchain technology and fueling excitement across the crypto news ecosystem.​ A major crypto…

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Paxos Fat-Finger Error: $300 Trillion PYUSD Mistakenly Minted, Then Burned in Crypto’s Biggest Stablecoin Blunder

Block24Seven06 mins

The crypto industry was stunned this week by one of the largest “fat-finger” incidents in blockchain history: Paxos, the regulated firm behind PayPal’s PYUSD stablecoin, accidentally minted then rapidly burned 300 trillion tokens, sparking intense debate in crypto news, blockchain risk forums, and the wider crypto pur community.​ How the $300 Trillion Mint/Burn Blunder Happened On Wednesday, blockchain…

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VC Roundup: Crypto Funding Slows But Stablecoin, RWA Infrastructure and Digital Asset Treasuries Dominate 2025

Block24Seven05 mins

Despite record levels of institutional interest in blockchain technology and digital assets, venture capital activity in the crypto sector has slowed dramatically in 2025. With a sharp shift in priorities, investors are now pouring capital into digital asset treasury companies, stablecoin infrastructure, and real-world asset (RWA) tokenization rather than traditional venture-backed blockchain startups. This trend…

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Etsy Witches Offer $73 Spells Claiming to Make You a Crypto Millionaire

Block24Seven05 mins

A new quirky trend has emerged on social media and the online marketplace Etsy, where self-proclaimed witches are selling spells that claim to boost cryptocurrency fortunes, including offers to help buyers become crypto millionaires for just $73. These mystical services range from financial abundance spells to predictions through “Bitcoin Oracle Cards” and rituals for Dogecoin…

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Plasma Founder Refutes Insider Selling Allegations After XPL Token Plunges 50%

Block24Seven05 mins

Plasma’s layer-1 blockchain debut has been marred by controversy as its native token, XPL, plummeted over 50% following a meteoric rise after launch. Founder Paul Faecks has firmly denied any insider selling or team-driven dumping, insisting that both team and investor tokens remain securely locked under a three-year vesting schedule with a one-year cliff. XPL…

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Maelstrom Warns of HYPE Token Pressure as $11.9B Unlock Looms: Market Faces Critical Test

Block24Seven011 mins

The Hyperliquid (HYPE) token is bracing for a significant supply shock, as Arthur Hayes’ Maelstrom Fund warns of the “first true test” for the cryptocurrency’s price stability and market sustainability. Starting November 29, a 24-month vesting schedule will unlock nearly $12 billion worth of HYPE tokens putting monthly supply overhang at an estimated $410 million…

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Polygon Restores Consensus After RPC Node Bug, Network Back to Normal

Block24Seven05 mins

Polygon, the popular Ethereum layer-2 scaling solution, has swiftly resolved a software bug that caused disruptions among some remote procedure call (RPC) nodes this week, restoring consensus and finality across the network. Despite the incident, core onchain block production continued uninterrupted, assuring users and developers that their transactions remained secure. The Incident: Bug Disrupts Node…

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