Circle’s USDC Overtakes Tether's USDT in Onchain Activity as Regulation Drives Shift: JPMorgan
JPMorgan reported that Circle’s USDC has surpassed Tether’s USDT in on‑chain activity as investors gravitate toward regulated stablecoins. USDC’s market cap jumped 72% this year to $74 billion, outpacing USDT’s 32% rise, buoyed by compliance with Europe’s MiCA framework and growing institutional use. The on‑chain velocity of USDC surged on networks like Solana and Base and after integrations with Visa, Mastercard and Stripe, while USDT remains dominant in emerging‑market exchanges. JPMorgan suggests USDC’s transparent, audit‑backed model could become the global benchmark for stablecoin growth.
Plasma’s XPL Token Crashes 80% as Hype Fades Amid Woeful Debut
Plasma’s XPL token has plunged more than 80% since its September peak, falling from $1.67 to $0.31 and trimming its market cap to about $550 million, putting it at risk of dropping out of the top‑100 cryptocurrencies. The chain, billed as...
DeFi Set to Challenge TradFi With $2T in Tokenized Assets by 2028: Standard Chartered
Standard Chartered predicts tokenized real‑world assets will grow from $35 billion today to $2 trillion by the end of 2028, driven by a 2025 stablecoin boom that is accelerating DeFi adoption. The bank expects tokenized money‑market funds and listed equities to each...
Analysis: Prediction Market Bettors Miscalculated Dutch Election Results
Prediction‑market platform Polymarket and rival Kalshi misread the Dutch Oct. 29 election, betting heavily on Geert Wilders’ PVV while underestimating a late surge by the D66 party that flipped the result. As D66 odds jumped from roughly 5% to 100% within...
Chainlink Drops, Then Bounces 4% as FOMC Volatility Drives Crypto Market
Chainlink’s LINK token fell to $17.96 on Wednesday after breaking the $18 support level, with volume spiking 26% above its weekly average and a 178% surge in the 24‑hour token flow. The sell‑off was quickly reversed, and the price recovered...
What Bitcoin Chart Says About BTC Price After Powell Casts Doubt on December Cut?
Bitcoin is trading around $111,000, staying above the 200‑day simple moving average but still below the Ichimoku cloud, signaling short‑term bearish pressure after Fed Chair Jerome Powell downplayed a December rate cut. The dollar index’s bullish 50‑/100‑day SMA crossover and...
Analysts Expect Strong Q3 for Coinbase But Disagree Sharply on Its Future
Analysts project a strong third quarter for Coinbase, with Barclays, JP Morgan and Compass Point all citing revenue upside from USDC stablecoin growth and higher trading volumes. Yet they sharply diverge on the outlook for Coinbase’s Base L2 network, the Deribit...
Investment Bank Mizuho Says Visa Is Becoming the ‘Stablecoin of Stablecoins’
Japanese investment bank Mizuho labeled Visa the “stablecoin of stablecoins,” arguing the payments giant has become core infrastructure for global stablecoin transactions. Visa now runs more than 130 stablecoin‑linked card programs across 40+ countries, with spend on those programs up...
HBAR Consolidates at $0.2010 as Volume Surge Signals Distribution
HBAR slipped 0.3% to $0.2010 as sellers re‑asserted control near the $0.2055 resistance level, keeping the token within a narrow $0.0124 range. Trading volume spiked to 249 million tokens, a 137% increase over the average, signaling heavy institutional distribution at the...
Crypto Long & Short: Fast Money, Slow Money
The latest Crypto Long & Short newsletter contrasts a volatile "fast money" market—marked by a 24,000‑bitcoin whale dump, a brief Bitcoin all‑time high, and the worst crypto liquidation event triggered by President Trump's 100% Chinese tariff announcement—with a resilient "slow...
MegaETH Raises $450M in Oversubscribed Token Sale Backed by Ethereum Founders
MegaETH, a high‑speed Ethereum layer‑2 network backed by Vitalik Buterin and Joe Lubin’s MegaLabs, raised $450 million in an oversubscribed token sale, attracting 14,491 investors and 819 wallets that each contributed the maximum $186,000. The auction closed at nearly nine times its original...
BNB Slips 2.7% As Traders Focus on Technicals During Crypto Market Drawdown
BNB slipped 2.7% to $1,105 after a brief rally that followed BNB Chain’s largest‑ever quarterly token burn, which removed 1.44 million BNB and trimmed total supply to roughly 137.7 million. The decline was part of a broader 1.8% pullback across the crypto...
Michael Saylor's Strategy Drops $18B in Value, but a Rebound May Be Near: 10X Research
MicroStrategy (MSTR) has shed about $18 billion in market value and fallen 40% since July as its bitcoin‑linked net‑asset‑value premium collapsed. 10x Research analyst Markus Thielen now expects the company to post a Q3 profit of roughly $3.6 billion from mark‑to‑market gains on...
The Protocol: ETH’s Fusaka Upgrade Goes Live on Hoodi, Mainnet Next
Ethereum completed the final Hoodi testnet rehearsal of its Fusaka upgrade, clearing the path for a mainnet hard‑fork activation. The upgrade’s core feature, PeerDAS, lets validators verify only data segments, cutting bandwidth use and transaction costs after the earlier Pectra...
Crypto Treasury Activity Still Tepid, but Capital Flows Rebound: B. Riley
B. Riley reports that corporate crypto treasury activity remains subdued, but capital flows are beginning to rebound as U.S.-China trade talks improve sentiment. BitMine Immersion led the covered digital‑asset treasury companies by adding roughly $300 million of ether, raising its ETH concentration...
Nvidia Hits $5T Market Cap as Bitcoin Now Trails U.S. Equities Year to Date
Nvidia’s market value surged past the $5 trillion mark, underscoring the chipmaker’s outsized role in the AI boom. At the same time, Bitcoin’s year‑to‑date returns fell behind gold and slipped beneath the performance of both the S&P 500 and the Nasdaq. The...
Georgia's ‘Shadow Ruler’ Is Trying to Claw Back a Bitcoin Fortune Worth $1B
Georgia’s reclusive power broker Bidzina Ivanishvili, who turned down a Bitcoin mining offer in 2014, now claims his former financial advisor stole roughly $1 billion in Bitcoin and has launched a campaign using courts, intelligence agents and an abduction to seize...
Swiss Crypto Infrastructure Firm Taurus Expands to U.S. With New York Office
Swiss crypto‑infrastructure provider Taurus opened a New York office, its second North American location after Vancouver, to serve U.S. banks and corporates entering digital assets. The firm appointed Zack Bender, formerly of Fiserv and Swift, to head U.S. operations. The move...
Australian Regulator Signals Broader Digital Asset Oversight Ahead of New Licensing Regime
Australia's securities regulator ASIC said many digital assets already fall under existing financial‑services laws and will require licensing, expanding its guidance from "crypto assets" to "digital assets" with 13 practical examples. The regulator flagged fiat‑backed stablecoins as non‑cash payment facilities...
Ironlight Wins FINRA Approval for First U.S. Regulated ATS With Onchain Atomic Settlement
Ironlight Markets received FINRA approval to operate a U.S.-regulated alternative trading system (ATS) that handles both traditional and tokenized securities, becoming the first platform to offer atomic on‑chain settlement that clears and settles trades instantly. The system combines a centralized...
Core Scientific Holders Poised to Reject CoreWeave Merger, Jefferies Says
Jefferies expects Core Scientific (CORZ) shareholders to vote down the proposed merger with CoreWeave (CRWV) on Oct. 30, as CORZ shares trade about 18% above the implied offer price. The bank raised its price target to $24 from $22 and reiterated...
Bitcoin, Ether Brace for $17B Options Expiry Amid Fed Meeting, Tech Company Earnings
Bitcoin and Ether options with a combined notional value of about $17 billion are set to expire on Friday on Deribit, comprising roughly $14.4 billion of Bitcoin contracts and $2.6 billion of Ether contracts. Prices are hovering near the max‑pain levels of $114,000...
Deutsche Digital Assets and Safello to List Staked Bittensor ETP on SIX Swiss Exchange
Deutsche Digital Assets and Nasdaq‑Nordic broker Safello will list the Safello Bittensor Staked TAO ETP (ticker STAO) on the SIX Swiss Exchange within weeks. The exchange‑traded product gives investors regulated exposure to Bittensor’s TAO token, combines price appreciation with automatically...
DBS, Goldman Sachs Execute First Over-the-Counter Interbank Crypto Options Trade
DBS Group and Goldman Sachs announced they completed the first over‑the‑counter cryptocurrency options trade between banks, executing cash‑settled Bitcoin and Ether options. The deal provides both institutions with a hedging tool for crypto‑linked exposure, mirroring traditional finance risk‑management practices. DBS...
Recent Bitcoin Crash Has Put $1B in sUSDe Loop Trades at Risk, Research Firm Says
A flash crash on October 10 sent Bitcoin tumbling and triggered a sharp drop in DeFi rates, putting roughly $1 billion of leveraged positions that use Ethena's staked USDe (sUSDe) at risk, according to Sentora Research. The popular sUSDe loop trade—where...
Chainlink Underpins Balcony's $240B Real Estate Tokenization Platform
Balcony, a platform focused on tokenizing real‑estate assets, announced it will integrate Chainlink’s Runtime Environment (CRE) to feed more than $240 billion of government‑sourced property data onto its blockchain. The partnership leverages Chainlink’s decentralized oracle network to verify and deliver high‑quality,...
Western Union to Launch Stablecoin on Solana With Anchorage Digital
The U.S. dollar-pegged token is expected to become available in the first half of 2026.
Bitcoin's Offshoot, BCH, Edges Up 1% to Challenge Downtrend
Bitcoin Cash (BCH) edged up roughly 1% on higher-than-usual trading volume, hinting at underlying accumulation despite overall muted price action. The modest gain interrupts a recent downtrend and suggests that buyers are stepping in at current levels. Elevated volume reinforces...
Wealth Managers Scramble to Add Crypto as UAE's Ultra-Rich Demand Digital Assets
Swiss software firm Avaloq’s survey of UAE high‑net‑worth investors reveals a sharp rise in demand for digital assets, with more than half of respondents planning to allocate a portion of their portfolios to crypto. This surge is prompting private banks...
Heather 'Razzlekhan' Morgan's Release From Prison Wasn't Us, White House Says
Heather 'Razzlekhan' Morgan, a rapper and alleged Bitfinex hack participant, was released from prison earlier than her original sentence. She publicly claimed that former President Donald Trump intervened to secure her early release. A White House official refuted the allegation,...
XLM Gains 2.3% to $0.3314 as Payment Networks Drive Institutional Interest
XLM rose 2.3% in the past 24 hours to $0.3314, breaking a key resistance level as European‑session trading volume surged. The rally was fueled by heightened institutional interest in blockchain‑based payment networks, with several funds reportedly allocating capital to Stellar’s...
BNB Drops After $1.65B Token Burn, Eyes Resistance Near $1,150
Binance’s native token BNB slipped after the exchange announced a $1.65 billion token burn, pushing the price toward the $1,150 resistance level. The burn, which removed a sizable portion of circulating supply, is intended to make the token more deflationary and...
Hedera Jumps 25.7% Breaking Key Resistance as Spot ETF Launches
Hedera Hashgraph’s native token HBAR surged 25.7% to breach the $0.20 level, breaking a key resistance zone after Canary Capital’s HBAR exchange‑traded fund began trading on the NYSE. The launch was underpinned by institutional support from crypto custodian BitGo, providing...
ICP Hovers Around $3.20 Resistance With 115% Volume Surge
Internet Computer (ICP) edged up 1.6% to $3.22, hovering just above the $3.20 resistance level. Institutional trading volume jumped 115%, confirming a bullish breakout. The price action, backed by strong institutional demand, suggests potential upward momentum for the token.
Solana ETFs Could Draw Over $3B If Bitcoin, Ether ETF Trends Repeat
Three spot ETFs tracking SOL, HBAR and LTC went live under ’33 Act structure on Tuesday.
Bitcoin Miners Sit on Prime Power Assets as AI Pivot Accelerates: Canaccord
Canaccord notes that bitcoin miners continue to generate almost all revenue in the crypto‑mining sector, even as market attention pivots toward artificial‑intelligence applications. The firms own high‑quality power assets—often located near cheap, renewable energy sources—that position them to supply the...
BOB Unveils Bitcoin Vault Liquidation Engine to Power BTC-Backed Stablecoin Lending
BOB launched a Bitcoin Vault Liquidation Engine that lets Bitcoin holders borrow stablecoins against their BTC while keeping the collateral secured on the Bitcoin blockchain. The engine automates liquidation of under‑collateralized positions through a vault mechanism, enhancing risk management and...
Ethena-Backed DEX Terminal Finance Reaches $280M in Pre-Launch Deposits
Terminal Finance, a decentralized exchange incubated by Ethena Labs, has secured $280 million in deposits before its public launch, signaling strong investor demand. The capital, sourced from a mix of institutional and retail participants, will underpin the platform’s low‑fee, high‑liquidity trading...
Shipping Firm OceanPal Adds AI Arm With $120M PIPE Deal, Eyes 10% of NEAR Supply
OceanPal, a shipping firm, has launched an artificial‑intelligence subsidiary funded by a $120 million private‑placement investment. The round is backed by crypto‑exchange Kraken, Fabric Ventures and other investors. The new AI arm aims to acquire roughly 10 % of the total NEAR...
TeraWulf Stock Surges 22% After $9.5B Google-Backed AI Compute Deal With Fluidstack
TeraWulf, the former bitcoin miner now pivoting to AI infrastructure, announced a $9.5 billion partnership with Google‑backed Fluidstack to co‑develop a 168 MW data center in Texas. The agreement secures long‑term revenue streams for TeraWulf as the facility will provide AI compute...
Galaxy Digital Slips 7% on $1.15B Exchangeable Debt Raise
The company is selling $1.15 billion in exchangeable notes in a private offering.
PEPE Holds Key Support Level as Volume Surge Points to Whale Trading Activity
PEPE token held a key support level as trading volume surged 72% above its daily average, reaching 2.70 trillion tokens. The spike points to large‑scale investors, or whales, actively managing their positions. This heightened activity comes amid broader market volatility and...
CoinDesk 20 Performance Update: Hedera (HBAR) Surges 14.4% While Index Trades Lower
Filecoin (FIL) dropped 2.5% and Aave (AAVE) fell 2.2% from Monday.
Bitcoin Treasury Firm Strive Adds 72 BTC to Treasury After Warrant Exercises
Shares are down 13.5% early Tuesday after doubling the previous two sessions.
Cathie Wood's Ark Invest Adds $30.9M of Shares in Jack Dorsey's Block
The buys were made across three Ark's ETFs.
Tokenization Firm Securitize Aims for Public Listing Via SPAC Deal at $1.25B Valuation
Securitize, a leading tokenization platform, is targeting a public listing through a special purpose acquisition company (SPAC) that values the firm at $1.25 billion. The deal includes a $225 million private‑investment in public equity (PIPE) round to fund growth and expand its...
Benchmark Sees Hut 8 as Hybrid AI–Bitcoin Power Play, Price Target Doubled to $78
Benchmark raised its price target for Hut 8 Mining Corp. to $78, doubling its previous estimate, after the company announced a strategic pivot from pure Bitcoin mining to owning and operating energy infrastructure. The broker views the move as creating...
Japan's $2T Payment Provider TIS Rolls Out Multi-Token Platform With Avalanche
Japan’s payment services giant TIS, which processes roughly $2 trillion in transactions annually, has launched a multi‑token platform built on Avalanche’s AvaCloud. The solution enables banks and corporations to issue, settle and manage stablecoins and other tokenized assets on a single...
Crypto Markets Today: BTC Holds at $114.5K, HBAR Soars on ETF News
Bitcoin held steady near $114,500 after Monday’s rally, while ether slipped modestly. Hedera Hashgraph’s HBAR surged sharply, outpacing other altcoins, on speculation surrounding a potential ETF filing. The broader crypto market paused, with limited price movement across major assets. The...
Figment Scales Coinbase Prime Staking as 2 ETFs With Yield Launch This Week
Figment announced it will expand its staking services on Coinbase Prime, allowing institutional clients to earn rewards on proof‑of‑stake assets such as Solana and Avalanche in custodial accounts. The rollout coincides with the launch of two new yield‑focused exchange‑traded funds...