Coin Bytes Archives - Timescrypto

Fasset Gets Provisional License for World’s First Stablecoin-Powered Islamic Digital Bank

Malaysia has granted a provisional banking licence to Fasset, a digital banking and investing platform with offices in Jakarta and Dubai, to run the first Stablecoin-powered Islamic digital bank. Targeting financial inclusion gaps in Muslim-majority regions of Asia and Africa where access to halal asset-backed products is still restricted, the regulatory approval allows Fasset to provide Shariah-compliant savings, zero-interest accounts, investment services using stablecoins and tokenised assets, and global payments on-chain. Deposits, investments in US equities, gold, and cryptocurrency, as well as spending through a planned Visa-linked crypto card, will all be available to customers. In order to settle regulated real-world assets on-chain, Fasset also intends to launch “Own,” an Ethereum Layer 2 network based on Arbitrum.

Polymarket: 61% Chance Bitcoin Hits $130K This Month

Polymarket users are currently giving Bitcoin a 61% chance of hitting $130,000 this month. That means most users are feeling pretty optimistic about a big price jump in the near term. Prediction markets like Polymarket let people “vote” with real money on what they think will happen, so the odds reflect the collective mood of investors. Of course, it’s not a guarantee, but crypto is famously unpredictable. However, it’s an interesting glimpse into how traders are feeling right now. Right now, the market is buzzing with bullish energy, and everyone seems to be hoping for a major Bitcoin rally, even though anything can happen in this wild crypto space.

India to Launch RBI-Backed Digital Currency for Faster, Traceable Transactions

India is gearing up to launch a RBI-backed digital currency, Union Minister Piyush Goyal announced during a financial cooperation meeting with Qatar in Doha. The upcoming central bank digital currency (CBDC) will come with an RBI guarantee, ensuring transactions are faster, more transparent, and easier to track than traditional banking methods. Goyal also clarified that India remains cautious about unregulated cryptocurrencies that lack government or asset backing. The initiative reflects the country’s growing focus on using blockchain technology responsibly while strengthening financial transparency and innovation, a move that could make India a frontrunner in the global race toward regulated digital currencies.

EU Moves to Give ESMA Greater Oversight of Crypto Firms

The European Commission is reportedly working on new rules to give the European Securities and Markets Authority (ESMA) more control over cryptocurrency companies. Right now, oversight mostly falls to national regulators, which can lead to inconsistent enforcement across EU countries. Under the proposed changes, ESMA would have the power to monitor and enforce compliance for crypto firms operating in multiple member states. The goal is to protect investors, create consistent rules, and tackle risks like fraud and market manipulation. By centralizing supervision, the EU aims to make the crypto space safer and more transparent, while still encouraging growth and innovation in the digital finance sector.

Binance’s CZ’s Net Worth Soars to $87.3B, Ranks 21st Globally – Forbes

Binance’s Changpeng Zhao (CZ) has hit a net worth of $87.3 billion, earning him the 21st spot on Forbes’ list of the world’s richest people. This milestone reflects Binance’s continued growth as one of the world’s leading cryptocurrency exchanges and the wider adoption of digital assets. CZ’s fortune has grown thanks to increased trading activity, the rising value of Binance’s holdings, and various crypto ventures tied to the platform. Forbes recognizes him as a major figure in the crypto world, highlighting his influence on the digital finance landscape. His ranking shows just how much the crypto industry is reshaping wealth and creating new opportunities for financial innovation.

U.S. Spot Bitcoin and Ethereum ETFs Attract Over $4.5 Billion in Weekly Inflows

Last week, U.S.-listed Ethereum and Bitcoin ETFs attracted over $4.5 billion, demonstrating a strong wave of enthusiasm from institutional and individual investors. The influx of money helped Bitcoin surpass $125,000, setting a new record high and increasing market trading activity. According to analysts, there is strong underlying support for the current surge given the magnitude of the ETF inflows and the shifting behaviour of large institutions. It is evident that investors are beginning to view digital assets like Bitcoin and Ethereum as more than merely speculative investments. Rather, they are becoming essential components of diversified portfolios. The trend also shows that despite general market volatility, there is growing hope for crypto sector.

BNB Hits New ATH of $1,200

Binance Coin (BNB) hit a new all time high level of $1200 on Monday after a recovery in crypto markets spurred fresh gains. The new ATH level comes after Bitcoin had also hit a new high on Sunday, signalling investor optimism and a broader recovery. The milestone highlights the growing institutional demand and growing real-world utility of BNB throughout the BNB Chain ecosystem, which have helped BNB gain supremacy among major cryptocurrencies. Growing institutional participation has boosted BNB’s recent surge. A notable example of growing international trust in the Binance ecosystem is the recent addition of BNB to the digital asset holdings of Kazakhstan’s state-backed Alem Crypto Fund.

Bitcoin Surges to New All-Time High of $125,700

Bitcoin smashes through a new all-time high, reaching $125,700 on October 5, 2025. The The move marks a 12% jump in just a week. The surge came as the U.S. government shutdown entered its third day, with investors flocking to Bitcoin amid growing economic uncertainty. Analysts say the rally is being fuelled by institutional demand, record-low exchange balances, and the return of the market’s favorite trend called “Uptober.” With supply tightening and confidence in traditional assets slipping, Bitcoin’s momentum is only getting stronger. Standard Chartered analysts even believe the world’s largest cryptocurrency could climb as high as $200,000 by year-end if current trends continue.

U.S. Halts Key Employment Report Amid Third Day of Government Shutdown

The U.S. has paused the release of a key employment report as the partial government shutdown enters its third day. The report, which tracks job growth, unemployment, and wages, is a crucial barometer for the health of the world’s largest economy. The delay adds uncertainty for businesses, investors, and economists who rely on this data to make decisions. Without it, forecasting economic trends and planning strategies becomes more challenging. A longer shutdown could also impact other economic reports and government services, creating wider ripple effects on markets and consumer confidence. All eyes are now on Washington as lawmakers work to resolve the shutdown and get essential economic information back on track.

New York Lawmakers Propose Crypto Mining Tax to Curb Rising Electricity Costs

New York lawmakers are pushing forward a new bill targeting crypto mining operations due to their heavy electricity consumption. Introduced on October 1 by State Senator Liz Krueger and Assemblymember Anna Kelles, Senate Bill S8518 proposes a tax on mining firms, calculated according to the amount of power they use annually. Lawmakers argue that large-scale mining drives up energy prices for residents and small businesses, creating an unfair burden. Under the bill, revenue collected from the tax would be directed into the state’s Energy Affordability Programs, which are designed to help low-income households manage rising utility bills. If passed, the law could reshape how mining operations function in New York, balancing innovation with social responsibility.

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