Good evening, Shacknews, it’s nighttime, which means it’s time for Evening Reading. Let’s officially close out our day of posting. Continue reading Evening Reading – September 24, 2025
Japan and Saudi Arabia announced a new memorandum of understanding for economic cooperation on September 24th at the Osaka-Kansai Expo, with a strong emphasis on expanding entertainment and content industries. Continue reading Japan and Saudi Arabia Sign Entertainment Partnership Deal
Nearly 18 years have passed since journalist Kenji Nagai was shot dead while covering a protest in Myanmar, and new analysis has revealed that his final words were recorded on the video camera he held until the very end. Continue reading Last Words on Video Revealed in Myanmar Journalist Nagai’s Shooting
Ferrari’s new 849 Testarossa, succeeding the SF90 Stradale, boasts a powerful 1,050 hp V8 engine, can reach speeds over 330 km/h, and features electric-only travel up to 25 km, set for delivery in late 2026. Continue reading Ferrari Launches Flagship Testarossa in Japan
Oracle, the tech giant known for its software products, is looking to raise $15 billion from the US investment-grade bond market. Continue reading Oracle plans $15B bond sale to fund cloud deals
The post CFTC Moves to Add Stablecoins com. CFTC aims to bring stablecoins into the $600T U. S. derivatives market. Coinbase, Ripple, and Circle back Caroline Phams tokenized collateral plan. Public comments open until October 20 before rulemaking is finalized. The U. S. Commodity Futures Trading Commission (CFTC) is preparing to let stablecoins and other tokenized assets serve as collateral in Americas $600 trillion derivatives market. Acting chair Caroline Pham said the work is part of the agencys crypto sprint, aimed at cutting costs and boosting liquidity without losing oversight. Since January, the CFTC has been taking steps to bring blockchain into derivatives markets, Pham said. She framed tokenized collateral as a way to modernize collateral management and unlock capital efficiency. How the Plan Works The CFTC will work with industry leaders including Ripple, Coinbase, Circle, and Crypto. com to shape the rollout. Coinbase CLO Paul Grewal called the shift a major step forward for U. S. markets. He argued that tokenized collateral backed by stablecoins will reduce costs, deepen liquidity, and improve efficiency across the board. Tokenized collateral and stablecoins can unlock US derivatives markets and put us ahead of global competition. Really exciting to see @CFTC put together this initiative to modernize the market by increasing efficiency, reducing costs, and upping liquidity to the benefit of all. paulgrewal. eth (@iampaulgrewal) September 23, 2025 Circle president Heath Tarbert said the plan builds on the GENIUS Act and the Trump administrations Digital Asset Markets report. Both laid the groundwork for regulated use of blockchain in U. S. finance. Crypto. com CEO Kris Marszalek went further, saying the CFTCs push could mark Americas Golden Age of crypto. He pointed to the potential use of Bitcoin and other non-cash collateral to widen access to U. S. derivatives markets. Related: SEC and CFTC Issue Vague Crypto Statement, But Lawyers Say Nothing Has Changed The CFTC is inviting. Continue reading CFTC Moves to Add Stablecoins in Derivatives Collateral
Microsoft is developing a Publisher Content Marketplace that will compensate publishers when their content is used by AI products, with plans for a pilot program involving select US publishers. Continue reading Microsoft’s AI marketplace will compensate publishers for content use
According to latest reports, MLB is set to introduce the groundbreaking ABS challenge system in the upcoming 2026 season, allowing players to challenge balls and strikes which they believe have been c. Continue reading “Bryce Harper about to punch a robot” – Fans dream of hilarious scenarios as MLB set to implement ABS challenge system in 2026 season
XRPs burn mechanism, which is a long-term supply control feature of the network, is now facing serious questions after daily burns are now at almost zero. Particularly, on-chain metrics from CryptoQuant show that the once-active burn activity that removed thousands of coins per day from circulation has virtually disappeared in recent weeks. This collapse in burns is notable, as it shows how much XRP burns are contributing to the cryptocurrency’s overall token dynamics. Burn Activity Falls Off A Cliff XRP burns have dropped significantly in the past few months, and burn activity has been virtually nonexistent in August and September. This drop in burns is visualized in a detailed chart from CryptoQuant, which tracks the historical progression of XRP burn activity and the changes that have taken place since the beginning of the year. Related Reading: Market Expert Says Sell All Your XRP Once This Happens Back in December 2024, burns briefly surged to more than 15, 000 coin in a single day during a period of high network activity. That momentum carried into the early months of 2025, when burn levels stabilized at a moderate but steady pace, ranging from 2, 500 to 7, 500 XRP per day. By late August, however, activity had collapsed to historic lows, sliding below 1, 000 tokens daily and remaining at those depressed levels throughout September. Current figures show only 400 to 750 XRP being burned each day, an amount that is almost insignificant when compared to the tokens massive supply of more than 60 billion. XRP’s burn mechanism is unlike that of popular crypto burns like Shiba Inu. Instead of large periodic burns, it has a constant, small-scale burn mechanism. Each time a transaction is processed on the XRP Ledger, a small fee (set at a minimum of 0. 00001 XRP) is permanently destroyed. This mechanism means that every transfer contributes to reducing supply, but the effect is only meaningful when transaction volumes are consistently high. The huge decline in XRP burns, therefore, reflects not only the burn slowdown but also lower levels of transactions on the XRP Ledger itself, at least compared to Q4 2024. In effect, the burn statistics are serving as a mirror of current on-chain activity. XRP Successfully Defends $2. 8 Interestingly, XRPs price action in the past months has not mirrored the collapse in burns. In contrast, the XRP price has managed notable rallies, with it breaking to a new all-time high of $3. 65 in July. Related Reading: $480 Million In 2 Weeks? XRP Whale Movements Could Reveal The Next Price Direction At the time of writing, however, the altcoin has retraced by over 20% from that all-time high. Particularly, recent price action in the most recent seven days saw the altcoin break below $3 again after rejecting an earlier rally between $3. 18 and $3. 15. However, it seems XRP bulls stepped in around support at $2. 8 to prevent further declines. At the time of writing, XRP is trading at $2. 88, having staged a 2. 2% rebound in the past 24 hours. Featured image from Getty Images, chart from Tradingview. com. Continue reading XRP Burn Rate Suffers Drastic Crash To Near Zero, What’s Going On?
