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Moon Inc. (HKEX: 1723) has raised about US$8.8 million to launch a Bitcoin prepaid card in Thailand and South Korea, with plans to expand across Asia. The company, a leader in prepaid connectivity and digital asset solutions, confirmed the successful HK$65.5 million fundraising earlier today. The round was supported by a consortium of Bitcoin miners and investors through the issuance of new shares and convertible notes, according to a note shared with Bitcoin Magazine.  “The successful completion of this private placement marks another critical milestone in Moon Inc.’s growth, and we are grateful for the confidence our new and existing…

Venture capital firm Andreessen Horowitz (a16z) is reportedly seeking to raise about $10 billion to invest in the artificial intelligence and defense industries, but crypto, long one of its flagship sectors, is notably missing.According to a Thursday Financial Times report citing anonymous sources, a16z is aiming to raise about $10 billion for new investments, including $6 billion for investing in more mature companies, $1.5 billion for each of the company’s AI applications and AI infrastructure funds, and over $1 billion for a defense and manufacturing-focused vehicle.No crypto-focused fund was mentioned, marking a rare omission for one of Silicon Valley’s most…

Crypto mining rig maker Canaan (CAN) is entering a stronger phase of growth, according to Wall Street broker Benchmark, which raised its price target on the company’s American depositary receipts (ADRs) to $4 from $2 and reiterated its rating on the stock.The shares were 5% higher in early trading on Thursday, around $1.79.Benchmark analyst Mark Palmer said the company’s outlook has brightened now that Nasdaq has confirmed Canaan regained compliance with listing rules, removing a key overhang that had dampened liquidity and investor interest. With that issue resolved, Palmer said attention can return to improving fundamentals, particularly rising demand for…

TLDR The Bitcoin price may experience a brief dip to $ 104,000 before the bull market resumes. The 50-week simple moving average has served as strong support for the Bitcoin price multiple times since mid-2023. Analysts expect a sharp reversal after the price reaches key support around $104,000, similar to past market cycles. Market sentiment has been negative, but this often signals a potential recovery for the Bitcoin price. The Bitcoin price remains stable around $108,000, with a strong chance of a rebound once it reaches the $104,000 level. Analysts suggest that Bitcoin’s (BTC) price may face a brief dip…

Join Our Telegram channel to stay up to date on breaking news coverage The Solana price surged 1.6% in the last 24 hours to trade at $187 as of 3:30 a.m. on an 11% fall in trading volume to $7.13 billion. This surge comes on the heels of news that Hong Kong has become the first place in the world to approve a spot Solana ETF, beating out the US as its approvals are slowed by the government shutdown.​ 🚨 JUST IN: 🇭🇰 Hong Kong has officially approved the first-ever $SOL Spot ETF by ChinaAMC! Solana just joined the big…

Key NotesReform UK begins accepting crypto donations.Nigel Farage says he was pro-crypto before Trump, dismissing copycat claims.The party plans pro-crypto reforms, including a Bitcoin reserve and lower crypto taxes. British populist leader Nigel Farage announced that Reform UK has started receiving crypto donations. The party had already received “a couple” of crypto donations but did not specify the amount or the donors. Farage clarified that, to his knowledge, no crypto companies have directly donated to the party. However, he added that there may have been some event-related sponsorships by crypto businesses during the recent London crypto conference. While Reform UK…

Jessie A Ellis Oct 23, 2025 15:44 A16z’s report forecasts stablecoin payments reaching $9 trillion in 2025, highlighting their growing role in global finance and rivaling traditional payment systems. Stablecoins are poised to transform the global financial landscape, with payments projected to reach an impressive $9 trillion by 2025, as per Andreessen Horowitz’s latest State of Crypto 2025 report. This projection marks a significant 87% increase from the previous year, underscoring the growing maturity and adoption of cryptocurrency in mainstream finance, according to CryptoNews. A16z Highlights Stablecoins’ Growing Influence The report reveals that…

A newly filed US class action lawsuit accuses Meteora founder Benjamin Chow of orchestrating the infamous Libra and Melania meme coin schemes.The filing argues that the meme coin fraud allegedly used First Lady Melania Trump and Argentine President Javier Milei as promotional “props.”Sponsored SponsoredPlaintiffs Blame Meteora Founder for Melania, Libra Coin CollapseAccording to the amended filing in Hurlock v. Kelsier Ventures, investors claim Meteora and Kelsier Ventures “borrowed credibility” from public figures to legitimize the MELANIA and LIBRA tokens, calling them a coordinated “liquidity trap.” Both coins surged after launch but later plunged by over 90%. “Defendants borrowed credibility from…

The Latin American region is tapping into blockchain-based services for payments and access to financial services, signaling that the crypto industry serves more than just financial speculators chasing the next memecoin pump.Latin American citizens are increasingly using cryptocurrency to replace the region’s inadequate banking infrastructure, allowing them to facilitate digital payments and create stablecoin-based savings accounts.“LATAM adoption is quite high. People are using stablecoins for daily life, so it’s a whole different market,” said Patricio Mesri, co-CEO of cryptocurrency exchange Bybit’s Latin American division. “Crypto is actually changing the lives of people. You see adoption in Argentina, Venezuela, Bolivia and…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Google’s quantum team says its Willow processor ran a new algorithm called Quantum Echoes that solved a molecular-simulation task roughly 13,000× faster than the best classical methods on top supercomputers. Based on reports, the run is being presented as a verifiable quantum advantage and was published alongside technical notes from Google. Google Quantum Chip Beats Supercomputers The experiment used Willow hardware and an algorithm tailored to a specific scientific problem, not a general-purpose attack on everyday encryption. According to Google’s post, the work produces verifiable outputs that…