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Coinbase has acquired Echo for $375 million.The platform lets users invest in early-stage crypto ventures, and has a separate product designed for ICOs.VCs have invested almost $22 billion into crypto firms this year.Coinbase’s Echo acquisition is fuelling excitement among crypto investors.On Tuesday, the US-based exchange announced it had acquired the early stage investing platform for $375 million in a cash and equity deal. Coinbase has acquired @echodotxyz.Onchain capital formation is a vital and unique part of the crypto ecosystem. Excited to be adding Echo and Sonar to Coinbase to give our customers new token access opportunities. pic.twitter.com/3XIjxMu8cW— Brian Armstrong (@brian_armstrong)…

Bitcoin price retreated to around $108,300 today after briefly touching $114,000 on Tuesday, while traditional safe-haven assets continued to slide. Spot gold fell to as low as $4,034 per ounce, extending its sharp losses from earlier in the week, and silver remained down nearly 8%. The moves follow remarks from Federal Reserve Governor Christopher Waller, who announced plans for a “skinny master account” program that would allow eligible fintech and crypto firms limited access to the Fed’s payment system — a step seen as integrating digital assets more directly into traditional finance. Those Fed comments were made at the Federal…

Google said it had achieved a verifiable “quantum advantage” with its Willow chip completing a calculation that would take classical supercomputers thousands of times longer.The reported breakthrough may reignite a debate in the cryptocurrency community over the possible detrimental effects that quantum computing could have on Bitcoin, whose operation and security is built on cryptographic methods which quantum computing could potentially challenge.The chip reportedly simulated quantum chaos in just two hours by measuring Out-of-Time-Order Correlators (OTOCs), a key benchmark for tracking the unpredictable behavior of particles.Researchers say the achievement moves quantum computing closer to practical applications, such as Hamiltonian learning,…

Key points:Bitcoin bulls are attempting to sustain the price above $107,000, but the bears have continued to exert selling pressure.The recovery in most major altcoins has fizzled out, indicating that the bears continue to sell on minor rallies.Buyers have managed to keep Bitcoin (BTC) above the vital $107,000 support level, but the lack of a solid rebound suggests that the bears have maintained their pressure. The short-term uncertainty has divided the analysts on BTC’s next directional move. Standard Chartered’s global head of digital assets research, Geoff Kendrick, told Cointelegraph that BTC remains on track to hit $200,000 by the end of…

Researchers at tech giant Google said they mapped out the structure of a molecule 13,000 times faster than the most powerful supercomputers available today, achieving the first verifiable quantum advantage.The experiment used Google’s Willow Quantum processor and “quantum echoes,” a technique that uses targeted waves to image an object in detail, according to Google. The technique targets a single qubit, the basic unit of information storage in quantum computing, with a precise signal, causing it to react. The process is then reversed, allowing the researchers to measure the “echo” or signal that bounces back, Google said.The four steps in Google’s…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Quick Facts: 1️⃣ Venture capital firm a16z reveals stablecoin trends in a new report, strengthening long-term conviction in the broader crypto market. 2️⃣ The growing transaction volume and market cap signal that the market’s expansion is unstoppable, should crypto infrastructure keep up with rising adoption. 3️⃣ The report is good news for the emerging Best Wallet Token, its presale pushing closer to the $17M milestone. Stablecoins are now a global macroeconomic force, announces a16z in its new State of Crypto report, shedding light on the sector’s rapid…

On-chain analysts found that Ocean Protocol split FET token transfers across dozens of wallets before moving them to Binance and an OTC provider.The conflict between Fetchai and Ocean Protocol, two blockchain projects that once teamed up under the Artificial Superintelligence Alliance, is heating up amid growing concerns that Ocean Protocol quietly dumped over a $100 million worth of FET tokens.In an X post on Monday, Oct. 20, Fetchai announced that it’s organizing “collective legal action” representing FET holders affected by Ocean Protocol’s alleged conversion and transfer of tokens that Fetchai says resulted in losses for token holders.Fetchai claims that in…

Key takeaways: Deteriorating US-China relations, US President Donald Trump’s recent tariff expansion and traders avoiding long leverage are adding pressure to Bitcoin’s downside. Bitcoin could drop below $100,000, but analysts are hopeful that next week’s macroeconomic events will reverse the downtrend.  Data shows Bitcoin’s (BTC) market structure aiming toward establishing balance from last week’s sharp correction, but intensifying headwinds from Trump’s renewed tariff war with China and the record length of the US government shutdown serve as an overhang on bullish investors’ willingness to open new positions in futures markets. Spot Bitcoin ETF inflows, the Coinbase Premium Index and the spot cumulative volume delta…

The U.S. government entered its fourth week of closure on Wednesday, exceeding its second-longest shutdown on record, and the crypto industry is lamenting the big-ticket items being affected, even if the closure of the federal agencies aren’t yet causing direct pangs.The closure of the government means the Senate is primarily focused on the task of re-opening it, largely shoving other policy pursuits aside. This period was meant to be the narrow window for crypto action in which the Senate had a shot at matching the House of Representatives’ Digital Asset Market Clarity Act to regulate the U.S. crypto markets. That…

In brief Leading crypto executives met with Senate Democrats and Republicans on Wednesday, in sit-downs that exposed divisions over the path forward to passing a crypto market structure bill. Democrats were frustrated about numerous issues, including recent leaks of proposed bill language, while Republicans warned that if the bill doesn’t move forward soon, it could collapse. Meeting attendees said the ongoing government shutdown and partisan tensions remain obstacles to any deal. Top crypto industry executives met separately with key Senate Democrats and Republicans on Wednesday, in sit-downs that underscored how far apart lawmakers remain on market structure legislation—despite the positive…