Turkey’s $200B Crypto Boom Is Built on Speculation, Not Adoption: Chainalysis
Chainalysis says Turkey dominated MENA crypto activity in 2025 with almost $200 billion in annual transactions, nearly four times the volume of the UAE, but the surge is driven largely by speculative altcoin trading rather than sustainable payments adoption. The report shows altcoin trading’s 31‑day moving average jumped from roughly $50 million in late 2024 to $240 million by mid‑2025 while stablecoin activity fell from above $200 million to about $70 million, and institutional flows now dominate as retail participation wanes. The pattern suggests yield‑seeking amid economic pressure and inflation in Turkey, raising questions about the market’s resilience and the region’s slower overall crypto growth compared with APAC and Latin America.
Risk Proxies Challenge Bitcoin's Bounce; HYPE, XMR Shine: Crypto Daybook Americas
Your day-ahead look for Oct. 23, 2025
Ripple Co-Founder Keeps ‘Cashing Out’ at the Highs: Will It Hurt XRP Price?
Ripple co‑founder and former CEO Chris Larsen has been selling XRP holdings intermittently since 2018, realizing millions in profits that coincide with recent price recoveries. Those regular cash‑outs, disclosed through on‑chain tracking and wallet analyses, raise concerns that concentrated selling...
Revolut Secures MiCA License in Cyprus to Launch Europe-Wide Crypto Services
Revolut has secured a MiCA license in Cyprus, clearing the way to offer regulated crypto services across the EU and scale its digital-asset business continent-wide. The firm also unveiled a Crypto 2.0 platform featuring more than 280 tokens, zero-fee staking...
WazirX Bets on Zero-Fee Crypto Trading to Drive Relaunch After Long Hiatus
WazirX is staging a phased relaunch beginning Friday, offering 30 days of zero-fee crypto trading as it seeks to rebuild liquidity and customer trust after a long hiatus. The temporary fee waiver is aimed at jump‑starting trading volume and regaining...
Revolut Secures MiCA License in Cyprus, Expanding Regulated Crypto Services Across EU
Revolut has secured a MiCA license via Cyprus’s CySEC, allowing the fintech to offer compliant crypto trading and related services across 30 EEA markets. The approval formalizes Revolut’s regulatory footing under the EU’s Markets in Crypto-Assets framework, expanding its ability...
Polymarket Seeks Investment at Valuation of $12B-$15B: Bloomberg
Polymarket is seeking new investment at a valuation of $12 billion to $15 billion, according to Bloomberg, a dramatic increase from the $1 billion valuation when it raised $200 million in June. The proposed valuation represents more than a tenfold...
CZ Calls Peter Schiff’s Tokenized Gold a ‘Trust Me Bro’ Asset
Binance co‑founder Changpeng “CZ” Zhao criticized Peter Schiff’s planned gold‑backed token as a “trust me bro” product, arguing tokenized gold relies on third‑party custody rather than on‑chain ownership and is vulnerable to custody failures over time. Schiff unveiled a vault‑backed...
Bunni DEX Shuts Down, Cites Recovery Costs After $8.4M Exploit
Bunni DEX announced it is shutting down after an $8.4 million exploit, saying the team cannot afford the cost of relaunching the protocol. Management cited prohibitively high expenses for required security audits and redevelopment as the reason it won’t attempt...
Quantum Solutions Adds 2K ETH to Become 11th-Largest Ether Treasury Company
Quantum Solutions added 2,000 ETH to its corporate treasury, cementing its position as the 11th-largest holder of Ether among corporate treasuries and the second-largest decentralized asset treasury (DAT) outside the United States. The purchase signals continued corporate appetite for crypto...
Canada’s Anti-Money Laundering Watchdog Levies Record $126M Fine on Cryptomus
Canada’s financial intelligence agency FINTRAC slapped a record C$126 million fine on cryptocurrency firm Cryptomus for failing to report suspicious activity, including transactions linked to child sexual abuse material, fraud, ransomware payments and sanctions evasion. The unprecedented penalty follows an...
Bunni DEX Becomes Second Crypto Project to Shut This Week
Bunni DEX announced it will re-license its v2 smart contracts from a restrictive Business Source License to the permissive MIT license, effectively opening its full feature set to developers. The move removes prior usage restrictions and has drawn praise from...
BTC, XRP, SOL, ADA Hold Flat as Google’s Quantum Breakthrough Rekindles Old Crypto Fears
Bitcoin, Ripple, Solana and Cardano traded flat after Google announced a quantum computing breakthrough, reviving long‑standing fears that such advances could undermine cryptocurrency security. The muted price action comes as October looks set to deliver the weakest gains for investors...
Bitcoin ETF Apathy Is Pressuring a Key Bitcoin Support Level
Bitfinex analysts warn that apathy toward Bitcoin ETFs—marked by a lack of sustained inflows—is putting pressure on a key Bitcoin support level and creating “demand-side fragility.” The absence of steady ETF-backed buying risks weakening order books and could make BTC...
WazirX to Restart Trading on Friday After $230M Hack Caused Year-Long Shutdown
WazirX said it will resume trading on Friday after a year-long shutdown triggered by a $230 million security breach that froze assets and halted withdrawals, marking the final step in a recovery process. The restart follows extensive remediation and controls...
Bitcoin Miner Debt Surges 500% as Miners Beef up for the Hashrate Fight
Bitcoin miners have increased debt by roughly 500% to $12.7 billion as they borrow heavily to buy new mining rigs and invest in AI infrastructure to compete in the global hashrate race. The surge in leverage reflects a capital-intensive push...
Is Bitcoin Headed for a Crash Below $100K? ‘Grand Daddy’ Volume Indicator Hits Lowest Since April
A widely watched Bitcoin volume indicator — dubbed the “grand daddy” of volume gauges — has fallen to its weakest level since April, suggesting dwindling trading conviction and raising the risk of a corrective sell-off that could push Bitcoin below...
ARK Invest-Backed Firm Becomes Largest ETH Hoarder Outside the US
ARK Invest-backed Quantum Solutions has become the largest Ether treasury holder outside the United States, signaling a major institutional accumulation of ETH. The firm has set an ambitious 100,000 ETH treasury target, underscoring a strategic bet on Ether as a...
XRP Price Structure Tightens Between $2.33 and $2.44 Ahead of Volatility Break
XRP’s price action has narrowed into a tight range between $2.33 and $2.44, with traders monitoring a breakout above $2.41 or a drop below $2.33 to define the next directional move. The contraction signals building volatility and a likely sharp...
Dogecoin Tests $0.19 Support as Tight Range Signals Breakout Potential
Dogecoin is testing $0.19 support while price has remained range-bound, but traders note rising volume diverging from flat price as a classic accumulation signal. That divergence often precedes a volatility expansion within 24–48 hours, suggesting a near-term breakout—either a bullish...
Jupiter Eyes Full Launch of Its New Predictions Market Before 2026
Solana decentralized exchange Jupiter has launched a beta predictions market built with CFTC-regulated Kalshi, allowing users to wager on real-world outcomes as it tests the new product. The beta is currently live on Jupiter’s platform with a planned full rollout...
Bitcoin May 'Final Flush' To $104K Before the Bull Market Returns
Crypto analysts warned Bitcoin could undergo a “final flush” down to roughly $104,000 — near its 50-week moving average — before resuming a broader bull market, citing elevated leverage and historical support dynamics. The prospective pullback is framed as a...
Another ‘Legacy’ Asset Manager Enters the Crypto ETF ‘Land Rush’
T. Rowe Price, the $1.8 trillion asset manager, filed to list its first US-listed Active Crypto ETF, marking the firm's initial formal entry into the crypto ETF market. The unexpected move by a long-established legacy manager underscores growing institutional interest...
‘Crazy Stuff’ Needed for Bitcoin to Reach $250K This Year: Novogratz
Galaxy Digital CEO Mike Novogratz said it would take “crazy stuff” for Bitcoin to reach $250,000 by year-end, casting doubt on bullish predictions from other high-profile advocates. His comments contrast a cohort of optimists who cite strong institutional demand and...
MegaETH Pre-Market Valuation Taps $6 Billion
Ethereum Layer‑2 project MegaETH announced a community-led raise via Sonar with an English auction starting at $1 million and capped at $999 million, timed with the launch of MEGA pre‑market perpetuals on Hyperliquid. The pre‑market briefly implied a $6 billion...
Young Australians’ Biggest Financial Regret: Ignoring Bitcoin at $400
A new report finds many young Australians say their biggest financial regret is not buying Bitcoin when it traded around US$400 a decade ago, believing crypto gains could have significantly accelerated their property purchases. Respondents say missed crypto returns left...
'Millisecond' Preconfirmations Make It to Ethereum via New RPC
Infrastructure provider Primev announced a “FAST RPC” that enables Ethereum mainnet transfers to reach effective block times as low as ~200 milliseconds by issuing millisecond-scale preconfirmations. The RPC preconfirms transactions before final inclusion in blocks, cutting user-facing latency from seconds...
Citadel CEO Discloses Massive Stake in Solana Treasury Company
Citadel founder Ken Griffin and Citadel disclosed multimillion-dollar stakes in DeFi Development Corp., a treasury company tied to the Solana blockchain, marking a notable institutional bet on Solana-linked assets. The filings show sizable investments by one of Wall Street’s largest...
Congress Moves to Revamp Bank Secrecy Act’s Reporting Thresholds After 50 Years
Senators led by Banking Committee Chair Tim Scott introduced the STREAMLINE Act to modernize the 1970 Bank Secrecy Act by raising reporting thresholds — boosting the Currency Transaction Report trigger to $30,000 from $10,000 and lifting Suspicious Activity Report bands...
Did Vitalik Just Pick a Side? Inside Ethereum’s Layer-2 Loyalty Test
A $654 million ETH transfer by the Ethereum Foundation this week set off a governance storm, prompting scrutiny of developer pay and transparency and culminating in the public resignation of core developer Péter Szilágyi. The turmoil has intensified criticism of...
Stablecoins Become ‘Global Macroeconomic Force’ as Transactions Reach $46T: Report
A new a16z report finds stablecoins have become a "global macroeconomic force," with transactions totaling about $46 trillion and supply now exceeding 1% of US dollars in circulation as institutions and fintechs increasingly adopt them. The report highlights growing institutional...
$8.3B Real World Assets Now On-Chain: Can Tokenization Make Banks Top Crypto Custodians?
Wall Street banks are quietly rebuilding crypto infrastructure through tokenization and custody, with $8.3 billion of real-world assets now represented on-chain. Major institutions are layering fund administration, cash management and settlement onto blockchain rails—examples include BNY Mellon’s LiquidityDirect—shifting the focus...
BNB Treasury Race Accelerates as Applied DNA, CEA Industries Expand Holdings
Applied DNA Sciences struck a $27 million deal to add Binance’s native token BNB to its treasury while mining firm CEA Industries surpassed 500,000 BNB, underscoring an accelerating trend of public companies diversifying corporate treasuries with Binance token holdings. The...
Coinbase Opens Amex Card With up to 4% Back in BTC for U.S. Coinbase One Members
Coinbase has opened its Coinbase One Card to all U.S. Coinbase One members (a $49.99/year subscription), offering up to 4% back in bitcoin on every purchase, no foreign‑transaction fees, and the ability to pay the card from a linked bank...
UK Cracks Down: Hundreds of Crypto Exchanges Hit with FCA Warnings in Oct.
The UK’s Financial Conduct Authority intensified enforcement in October, issuing hundreds of warnings to unregistered crypto exchanges — including Elite Bit Markets, Nexure Gainbit, Plux Crypto and HTX — and filing a lawsuit against HTX for promoting services to UK...
FET Drops Over 10% as Fetchai Pushes Legal Action Against Ocean Protocol
Fetchai has launched collective legal action and accused Ocean Protocol of converting 661 million OCEAN into 286 million FET in July and routing roughly 270 million FET to exchanges and an OTC desk, allegations Ocean calls baseless. The dispute has...
How to Spot Bull and Bear Market Traps in Crypto Before They Catch You
Crypto markets are prone to frequent bull and bear traps because 24/7 trading, thin off‑hour liquidity and heavily used perpetual leverage make small imbalances trigger sharp, short moves. Traders should rely on confirmation—higher‑timeframe closes, clean retests and volume—while reading leverage...
Stellar Drops 5% Breaking Below $0.32 Support
Stellar’s token XLM fell 5%, sliding from $0.3284 to $0.3119 after breaching a long‑standing $0.32 support level in a high‑volume sell‑off. Trading volume spiked to 53.9 million—about 74% above the 24‑hour average—driven by algorithmic selling and increased European participation, intensifying...
If Bitcoin Isn’t ‘Crypto,’ What Makes It Different?
Jack Dorsey’s viral X post — “bitcoin is not crypto” — reignited a debate that Bitcoin should be treated as money with fixed, conservative rules rather than part of the broader, fast‑changing token ecosystem. Bitcoin’s fixed 21 million cap, predictable...
Bitcoin Closes $107K CME Gap as Focus Shifts to Friday's Key CPI Print
Bitcoin rallied to roughly $106,000–$107,000 to close a weekend CME futures gap and erased a recent divergence with gold, but the price move failed to generate strong trader conviction. Volume and market reaction remained muted, leaving positioning largely unchanged going...
Why Did MetaMask Show $0 on Ethereum when AWS Went Offline?
An Amazon Web Services outage in the US-EAST-1 region on Oct. 20 — beginning about 03:11 ET and involving DNS and EC2 load-balancer health-monitoring failures — temporarily caused MetaMask and other Ethereum wallet interfaces to display $0 balances and slowed...
ENA Jumps 4% as First Ethena-Native DEX Ethereal Launches Mainnet Alpha
Ethereal, the first Ethena-native spot and perpetual DEX, has launched its mainnet alpha, allowing a limited group of users to trade using USDe, Ethena Labs’ synthetic dollar. The DEX runs on a bespoke EVM appchain (Ethereal Chain) with execution on...
Bitcoin's ‘Inevitable’ Dip Below $100K Could Be Last Chance to Buy at That Level: Standard Chartered
Standard Chartered digital‑asset head Geoffrey Kendrick says a short‑term drop in Bitcoin below $100,000 is now “inevitable” after the Oct. 10 selloff erased a recent push toward his near‑term $135,000 target. He identifies gold‑to‑Bitcoin flows, signs the Fed may halt...
Gold’s Worst Dip in Years Wipes $2.5T: How Does Bitcoin Match Up?
Gold posted its worst drop in years, erasing roughly $2.5 trillion of market value — a decline roughly equivalent to the entire market capitalization of Bitcoin — underscoring that traditional safe-haven assets can suffer acute volatility. The selloff highlights shifting...
BNB Price Analysis: Here’s Why Bulls Must Hold $1K
BNB faces a critical technical test as dwindling buyer participation and weakening momentum mean bulls must defend the $1,000 support level or risk a deeper correction. Analysts point to deteriorating price structure and lower on-chain demand that increase the likelihood...
Bitcoin Options Open Interest Outpaces Futures by $40B, Signaling Market Maturation
Bitcoin’s options open interest now exceeds futures by about $40 billion, with options near $108 billion (just below an all‑time high of $112 billion) versus futures at $68 billion, according to CheckonChain. The gap widened after a recent liquidation event...
China’s Budget AIs Are Trouncing ChatGPT and Grok at Crypto Trading
Chinese low-cost AI trading models outperformed established Western models like OpenAI’s ChatGPT and Anthropic’s Grok in crypto trading tests, with DeepSeek—built on the smallest development budget—being the only model to post a positive return on Wednesday. Competing AIs incurred losses...
Bitcoin Price to 6X in 2026? M2 Supply Boom Sparks COVID-19 Comparisons
Analysts are warning that a renewed surge in M2 money supply could rekindle the 2020-style Bitcoin rally, with some price models projecting as much as a 6x upside by 2026 if the historical BTC–M2 correlation holds. The argument rests on...
NHL Opens Door to Prediction Markets in Landmark Deals With Kalshi, Polymarket: WSJ
The NHL struck multiyear licensing deals with prediction‑market platforms Kalshi and Polymarket, the first time a major U.S. sports league has authorized its logos, team names and terms like “Stanley Cup” for non‑sportsbook trading. Kalshi’s CFTC‑regulated model can offer contracts...
Open Banking Will Keep America at the Forefront of Financial Innovation
Sen. Cynthia Lummis argues that robust open banking rules—rooted in Section 1033 of Dodd‑Frank and reinforced by Wyoming’s 2024 pro‑fintech law—are essential to keep the U.S. competitive in digital assets, payments and fintech. She says the Biden administration’s 2024 open...