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The International Monetary Fund (IMF) has urged Zimbabwe to provide more clarity on their de-dollarization plans. For the uninitiated, Zimbabwe had rolled out a plan to phase out the US dollar by 2030. The plan aims to make the local currency, the Zimbabwean Gold (ZiG), the country’s sole tender by 2030. The IMF claims that Zimbabwe has withheld several important details about its 2030 de-dollarization plans. In a high-level meeting last week, the IMF consulted with the authorities of Zimbabwe, urging them to clarify their initiatives. Zimbabwe needs to answer whether the ZiG will be limited to domestic transactions and not international usage. In addition, the IMF has requested Zimbabwe to answer whether bank deposits will be allowed to remain denominated in both the US dollar and the ZiG. The lack of clear and concrete details on de-dollarization by Zimbabwe could cause operational implications for existing foreign currency bank deposits, said the IMF. This has increased uncerta...

Ethereum (ETH) whales are on a buying spree, signaling renewed confidence in the asset amid ongoing short-term bullish sentiment. Specifically, this class of investors has accumulated about 800,000 ETH in the past week. Wallets holding between 10,000 and 100,000 ETH have steadily increased their positions over the period, according to data shared by Santiment on October 5. ETH whale transaction. Source: Santiment Historically, such aggressive accumulation phases often coincide with the early stages of broader rallies, as institutional and high-net-worth investors tend to position ahead of retail market participation. Notably, while the whale accumulation climbed through late September into early October, Ethereum’s price followed suit, breaking out of its consolidation range.  This suggests whales are buying dips, establishing a strong demand floor that could limit short-term downside risk. To gauge how the asset might react to these whale accumulatio...

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Crypto exchange-traded funds (ETFs) are continuing their positive streak this week, recording consistent green daily inflows since September 26. As usual, BlackRock is dominating the landscape, having seen approximately $446 million in Bitcoin (BTC) and $177 million in Ethereum (ETH) inflows, or around $623 million in total, on Thursday, October 2, according to data retrieved by Finbold from SoSoValue . With the fresh capital, the world’s largest fund now has nearly $111.5 billion in the two assets, Bitcoin accounting for 84% of its overall holdings and Ethereum for about 14%.  Daily volumes are likewise strong, with $4.25 billion traded in the last 24 hours, as the total Bitcoin ETF market capitalization hovers at some $161 billion. BlackRock BTC and ETH inflows. Source: SoSoValue Institutional appetite for BTC and ETH grows U.S. spot Bitcoin ETFs are regaining momentum after a brief cooldown in late September, with renewed capital signaling renewed in...

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Tether CEO Paolo Ardoino says the company’s new wallet building kit will soon be available and open to all developers as he releases the product’s demo. In a new thread on X, Ardoino says that the wallet development kit (WDK) will have the ability to store Bitcoin (BTC) and gas-fee abstraction, which removes the need for users to hold specific tokens to pay for blockchain transactions. He expects the wallet development kit to launch in about one month. “Here is a demo of the (Wallet Development Kit) WDK template wallet. Build 100% on WDK by Tether. Well encapsulated reusable UI (user interface) components. Soon open source. Fully non-custodial (supports different seed backup strategies to enable super simple user-experience). Available for any platform/os both mobile and desktop. Implements USDT, USDT0, an extremely comprehensive set of DeFi (decentralized finance) primitives (lending, swapping…). Security audited. Clone, add your custom...

The cryptocurrency sector recorded $306.7 million in losses from hacks during the third quarter of 2025, according to Finbold’s Q3 2025 Cryptocurrency Market Report. The findings, compiled by Finbold research using data from blockchain security firm SlowMist , underscore the persistent vulnerabilities across crypto exchanges and protocols, even as the overall volume of attacks declined compared to earlier in the year. Unlike the first quarter of the year, when the $1.5 billion Bybit incident dominated the headlines, the third quarter was shaped by a cluster of mid-sized attacks. The most significant was the $54 million breach at Turkish exchange BtcTurk, with the attack method still undisclosed.  Other incidents included $44.2 million stolen from CoinDCX due to a security flaw, $42 million drained from GMX through a reentrancy exploit, $41.5 million lost at SwissBorg because of a third-party vulnerability, and $27 million stolen from BigONE in a supply chain ...