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In a stunning development for the crypto industry, Layer-1 blockchain Kadena has announced the immediate cessation of operations for its core foundation and operating entity. The news triggered a catastrophic market reaction, with the native KDA token plummeting approximately 60% within two hours of the announcement. LATEST: Kadena announces it’s shutting down operations immediately due to market conditions. $KDA plummeted 60% in 90 minutes following the announcement. pic.twitter.com/pymnal8fIS — Cointelegraph (@Cointelegraph) October 22, 2025 Despite the shutdown, the Kadena team clarified that the proof-of-work blockchain will continue to operate. The network, known for its multi-chain “Chainweb” architecture, is now solely…

Even as the price of gold retreats from a record high, stabilizing around $4,100 per ounce, tokens whose value is pegged to the metal are gaining popularity in crypto markets. But not everyone is buying the premise.The total market capitalization of gold tokens has risen to $3.86 billion, driven by strong performance from XAUT$4,137.89 and Paxos gold (PAXG), according to CoinGecko data.To Binance co-founder and former CEO Changpeng Zhao, however, these tokens are only as good as the promise behind them.Loading…“Tokenizing gold is NOT ‘on chain’ gold,” CZ wrote in a post on X. “It’s tokenizing that you trust some…

Binance co-founder and former CEO Changpeng “CZ” Zhao dismissed crypto critic Peter Schiff’s plan to launch a tokenized gold product, calling it a “trust me bro” asset.In a Thursday post on X, CZ said tokenized gold is not onchain gold, but a promise dependent on third-party custody. “It’s tokenizing that you trust some third party will give you gold at some later date… even after their management changes, maybe decades later, during a war,” he wrote. CZ’s comments came after Schiff, a long-time Bitcoin (BTC) critic and gold advocate, announced plans on the ThreadGuy podcast to roll out a gold-backed…

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors rebound 1-2%; BTC at $109,500 a16z releases ‘State of Crypto 2025’ highlighting newest trends BlackRock says it will stay focused on BTC & ETH amidst ETF explosion Polymarket says it’s raising at $15B, Kalshi at $10B in latest rounds MegaETH introduces public ICO English auction, opens at $5B fdv on Hype Meteora’s MET airdrop goes live this AM 🏛️ Crypto Goes to Washington – And…

Ethereum exchange-traded funds (ETFs) attracted more inflows than Bitcoin ETFs in the third quarter of 2025, marking a major turning point in institutional crypto investing, according to Messari’s latest State of Crypto × TradFi Q3 2025 report.Breakout Quarter for EthereumMessari data shows that Ethereum ETFs recorded $8.68 billion in inflows, surpassing Bitcoin’s $7.53 billion, marking the first time ETH products have outperformed BTC in this metric.Total Ethereum ETF assets under management (AUM) jumped 170% quarter-over-quarter to $27.43 billion, representing 6.6 million ETH or 5.2% of the circulating supply. ETH’s price surged 77% in Q3, compared to Bitcoin’s 6.4% gain, partly…

This week, the Ethereum ecosystem has been rocked by a $654 million ETH transfer by the Ethereum Foundation. This triggered intense scrutiny over developer compensation, transparency, and leadership, culminating in the public resignation of core developer Péter Szilágyi and renewed criticism of governance practices.Simultaneously, Polygon’s AggLayer upgrade has faced launch delays and network instability, intensifying debate about Layer-2 alignment, fragmentation, and the Foundation’s support for external L2s.These developments, alongside POL token migration volatility, ongoing struggles to balance mainnet centralization with L2 sovereignty, and reaction to the Foundation’s earlier executive restructuring, have added fresh urgency to the disputes over Ethereum’s future…

Key NotesOn October 22, Ark Invest revealed that it purchased 167,489 Robinhood shares for $21 million.The shares were acquired through Ark Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW).Robinhood has been making an effort towards the expansion of its operations. Top asset management firm Ark Invest has invested $21 million into the acquisition of Robinhood Markets (NASDAQ: HOOD) stock. This marks another routine rebalancing of its financial portfolio. Noteworthy, the stocks were distributed across two of the firm’s Exchange Traded Funds (ETFs). Acquisition and Offloads of Robinhood Stock In an Oct. 22 disclosure, Cathie Wood’s Ark Invest revealed…

“It’s possible and increasingly probable,” Grok estimated. 2025 brought substantial gains for Ripple’s cross-border token at one point, but the last several weeks have not been that beneficial for the bulls. In this article, we poke the AI brains of three of the most popular chatbots to determine if hitting a new all-time high price remains possible until the end of this year. Only Under These Conditions XRP had its glory moments this year, with its price reaching a new record of around $3.65 in mid-July. Since then, though, there has been an evident decline, and currently it trades…

Bitcoin price is hovering in the mid $107,000’s range as analysts from both VanEck and Standard Chartered see more upside. Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, sees a near-term dip in bitcoin price below $100,000 as “inevitable” due to factors like renewed U.S.–China trade tensions.  However, Kenrick views any bitcoin price pullback as likely short-lived and a buying opportunity.  Kendrick highlights gold-to-Bitcoin flows as a key indicator, noting that recent rotations — selling gold to buy Bitcoin — could signal stabilization and mark a bottom.  Despite the volatility, Kendrick remains bullish, maintaining his forecast of $200,000…

India-based crypto trading platform WazirX will restart its exchange on Friday, following a long hiatus caused by a $234 million hacking incident. WazirX CEO Nischal Shetty said in a Thursday announcement that the company will relaunch trading on Friday, offering zero trading fees for at least 30 days as part of a phased reboot. “We will try our best to extend even further! We want to be with our tribe and support you in whatever way we can,” Shetty wrote on X, adding that they will do what it takes to help users become successful.The relaunch follows more than a year of halted…