Kenya has officially entered a new era for digital assets. President William Ruto signed the Virtual Asset Service Providers Act, 2025, giving the country its first comprehensive crypto regulation framework.

The new law licenses and regulates crypto exchanges, wallet providers, brokers, and payment processors operating in or from Kenya. It also brings the fast-growing sector under the oversight of two main regulators — the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA).

Under the Act, the CBK will supervise payment processors and stablecoin issuers, while the CMA will oversee trading platforms, investment advisers, and asset managers. Both agencies will…

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New York City has taken a bold step in embracing the crypto revolution by launching the nation’s first municipal Office of Digital Assets and Blockchain. The new office will coordinate citywide crypto policies, support blockchain innovation, and connect public agencies with industry leaders to promote the responsible use of digital currencies.

Mayor Eric Adams signed the executive order on October 14, creating the office as part of a broader strategy to integrate blockchain into public infrastructure and expand financial access. Moises Rendon, a respected technology policy expert, has been appointed executive director and will lead efforts to ensure regulatory compliance, raise public awareness, and improve services for underbanked communities.

The initiative strengthens New York’s position as a national crypto hub, reflecting a growing U.S. trend toward digital asset adoption. With other states like Wyoming and California advancing crypto-friendly policies, NYC’s move signals strong local government support for blockchain innovation and America’s leadership in the global digital economy.

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A Republican lawmaker is taking a major step to boost cryptocurrency adoption in retirement plans. Rep. Troy Downing (R-MT) plans to introduce the Retirement Investment Choice Act, a bill that would turn President Trump’s August executive order on 401(k)s and alternative assets into federal law. The move aims to ensure Americans can invest part of their retirement savings in digital assets like Bitcoin and Ethereum.

The bill would give Trump’s directive “the force and effect of law,” potentially paving the way for billions of dollars from the $25 trillion retirement industry to flow into crypto markets. Downing praised the effort, calling alternative assets a “transformative” way to strengthen Americans’ financial futures and applauding Trump for “democratizing finance.”

Currently, only Bitcoin and Ethereum ETFs are available on Wall Street, but more crypto-linked products are expected soon. If passed, the legislation could accelerate mainstream adoption and mark a turning point for crypto in U.S. retirement portfolios.

Bitcoin price is holding near $113,000 today, about a week after reaching a new all-time high above $126,000, as the market stabilizes from one of its most violent corrections in years. 

The bitcoin price to record levels last week was fueled by renewed institutional demand, falling real yields, and growing adoption of the “debasement trade” — investors seeking protection against monetary expansion.

The recovery comes after a bruising weekend that saw over $19 billion in leveraged positions wiped out and more than 1.6 million traders forced to liquidate positions as cascading margin calls swept across exchanges.

Bitcoin slipped from 24-hour highs near $116,000 to…

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A new House bill aims to lock in President Donald Trump’s August executive order directing the Labor Department to open retirement plans to alternative assets — including bitcoin.

The Retirement Investment Choice Act, expected to be introduced Tuesday by Rep. Troy Downing (R-Mont.), would give Executive Order 14330 “the force and effect of law.” 

The one-page bill cements Trump’s directive that Americans saving for retirement should be allowed access to crypto and other alternative assets if plan providers deem them appropriate.

“Alternative investments hold the transformative potential to supercharge the financial security of countless Americans saving for…

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Stablecoin issuer Tether has agreed to pay $299.5 million to the Celsius Network bankruptcy estate, settling years of litigation tied to the crypto lender’s 2022 collapse. 

The payment is far below the nearly $4.5 billion Celsius originally sought in bitcoin.

The Blockchain Recovery Investment Consortium (BRIC) — a partnership between VanEck and GXD Labs — announced the settlement Tuesday, saying it settles “all issues” between Tether and the Celsius estate. 

“We are pleased to have resolved Celsius’s adversary proceeding and related claims against Tether,” said David Proman, managing partner at GXD Labs.

Tether and the Celsius collapse

The settlement…

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Crypto analysts at Bernstein predict Circle’s USDC will become the biggest winner under America’s new stablecoin regulations, with its supply expected to nearly triple within two years. USDC’s market share is projected to climb to 33% by 2027 from 29% today, boosted by growing demand for regulated, dollar-backed tokens and strong integrations with major crypto exchanges like Coinbase, Binance, and OKX.

Backed by full reserves, daily disclosures, and independent audits, USDC is seen as the most compliant stablecoin. The recently passed GENIUS Act, which limits foreign issuers and classifies stablecoins as digital cash, further strengthens Circle’s edge. Bernstein expects the stablecoin market to soar to $670 billion by 2027, with USDC capturing about $220 billion of that total.

Circle’s revenue is forecast to grow 47% annually, powered by a 71% surge in USDC supply and expanding use in cross-border payments and financial services. Analysts see digital dollars becoming core to global payments, with USDC leading the charge.

Elon Musk appears to be publicly paying attention to bitcoin again after years of silence.

The Tesla and SpaceX CEO broke a three-year quiet streak on bitcoin early Tuesday, commenting on an X post from financial outlet ZeroHedge that tied surging gold, silver, and Bitcoin prices to global monetary “debasement” driven by artificial intelligence spending.

“True,” Musk replied. “That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.”

Musk’s bitcoin mention drew immediate market attention on X, with traders seeing it as a potential sign of renewed interest from…

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BlackRock is developing its own technology to tokenize a broad range of assets, from real estate to equities and bonds.

CEO Larry Fink said the global market currently holds more than $4.5 trillion in digital wallets, spanning crypto, stablecoins, and tokenized assets. 

“A lot of that money is outside the United States,” Fink said on CNBC earlier today, emphasizing the opportunity for the firm to reach new investors through digital channels.

Fink said tokenization could allow investors who are entering markets through crypto to access more traditional long-term products, such as retirement funds.

“If we could tokenize an ETF, we could get them into the more…

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