Articles for category: Crypto

October 23, 2025

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Crypto Markets Hold Steady Ahead of U.S. Inflation Data and China-U.S. Trade Talks

Asian cryptocurrency markets are maintaining a cautious equilibrium midweek as traders await key U.S. economic data and developments in China-U.S. trade relations. Bitcoin (BTC) is trading near $108,164, showing a modest increase from the start of the week but still reflecting a 2% decline over the past seven days. Ethereum (ETH) remains close to the $3,815 mark, with trading volumes rising by 33% as market participants position themselves ahead of the upcoming U.S. Consumer Price Index (CPI) report scheduled for Friday. According to QCP Capital, the crypto market is currently experiencing a “narrow-range equilibrium,” with the CPI report serving as

October 23, 2025

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Bitcoin Eyes Potential Dip to $104K Before Next Bull Cycle

Market analysts are signaling a possible short-term decline in Bitcoin’s price to around $104,000, marking what could be a final corrective phase before the cryptocurrency resumes its upward trajectory. This forecast is grounded in historical trading behaviors and key technical support zones observed over recent market cycles. One pivotal indicator under scrutiny is Bitcoin’s 50-week simple moving average (SMA), currently positioned near $102,500, as tracked by TradingView. This long-term moving average has historically acted as robust support, having been tested successfully on four occasions since the current bull market began in mid-2023. Analyst ‘Sykodelic’ highlighted the prominence of a significant

October 22, 2025

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DraftKings Selects Polymarket Clearinghouse for New Prediction Market Launch

DraftKings, a major player in the U.S. sports betting industry, has announced a significant move into the prediction market sector by naming Polymarket Clearing as its official clearinghouse. This partnership marks a notable collaboration between a traditional sports betting platform and a decentralized market infrastructure provider. The announcement came through Polymarket founder Shayne Coplan via X, formerly known as Twitter. Coplan congratulated DraftKings on its recent acquisition of Railbird, a move that sets the stage for DraftKings’ entry into the prediction market space. Polymarket’s role will be to act as the financial intermediary, providing the backend infrastructure for DraftKings’ upcoming

October 22, 2025

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Tesla Reports $80M Bitcoin Profit in Q3 Amid Strong Revenue Beat

Tesla Inc. revealed that its bitcoin holdings contributed an $80 million profit in the third quarter, benefiting from a rise in the cryptocurrency’s value during the period. As of the end of Q3, the company maintained a substantial position of 11,509 bitcoins, which were valued at approximately $1.35 billion, although the current valuation has dipped slightly. The increase in bitcoin’s price played a notable role in Tesla’s financial results, alongside the company’s robust operational performance. Tesla reported third-quarter revenue of $28.1 billion, surpassing analysts’ expectations of $26.36 billion. However, adjusted earnings per share (EPS) came in at $0.50, below the

October 22, 2025

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Ethena’s Native DEX Ethereal Goes Live with USDe Trading, ENA Token Climbs 4%

The Ethena community-backed decentralized exchange, Ethereal, has officially launched its mainnet alpha, introducing spot and perpetual futures trading powered by USDe, Ethena Labs’ synthetic dollar stablecoin. Initially proposed to Ethena governance last year, Ethereal is designed as a comprehensive decentralized finance (DeFi) money application centered around USDe. The project aims to tightly integrate with the Ethena ecosystem, offering holders of ENA tokens a stake in future rewards. Specifically, 15% of any forthcoming Ethereal tokens will be allocated to ENA holders, linking the exchange’s growth directly to the ENA token economy. Following the announcement of Ethereal’s mainnet alpha rollout on social

October 22, 2025

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UK’s FCA Takes Legal Action Against HTX for Unauthorized Crypto Promotions

The United Kingdom’s Financial Conduct Authority (FCA) has initiated legal proceedings against cryptocurrency exchange HTX, formerly known as Huobi, over allegations of unlawful promotion of digital asset services within the country. The FCA filed the case in the High Court in London on Thursday, underscoring its ongoing efforts to regulate the crypto sector and protect consumers. According to the regulator, HTX has been promoting financial services related to digital assets without obtaining the necessary authorization from UK authorities. The exchange, which was acquired in 2022 by Justin Sun, the founder of Tron, has drawn regulatory scrutiny since 2023 when the

October 22, 2025

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What Distinguishes Bitcoin from the Broader Crypto Ecosystem?

Jack Dorsey, former Twitter CEO and prominent Bitcoin advocate, recently reignited a longstanding debate with a brief but provocative statement on X (formerly Twitter): “bitcoin is not crypto.” This remark challenges common perceptions and prompts a closer examination of what truly separates Bitcoin (BTC) from other digital assets commonly grouped under the umbrella term “crypto.” At the heart of Dorsey’s argument is the idea that Bitcoin should be considered distinct—as a form of digital money with unique principles and a specific purpose—rather than lumped together with the wider category of cryptocurrencies that includes smart contract platforms and utility tokens. Fixed

October 21, 2025

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Maple Finance Joins Forces with Aave to Integrate Institutional Assets into DeFi Lending

Maple Finance, a prominent on-chain asset manager with over $3.1 billion under management, has formed a strategic partnership with Aave, the leading decentralized lending protocol boasting a total value locked (TVL) exceeding $40 billion. This collaboration aims to bridge institutional-grade assets with Aave’s expansive DeFi lending ecosystem. The integration will begin with Maple’s syrupUSDT on Aave’s Plasma platform, followed by the addition of syrupUSDC on Aave’s core market. Plans are underway to incorporate further Maple assets over time, enhancing the diversity and depth of liquidity available to users. The partnership is designed to enhance capital efficiency, stabilize borrowing demand, and

October 21, 2025

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BitcoinOS Secures $10M to Enhance Institutional Bitcoin Finance Solutions

BitcoinOS (BOS) has successfully closed a $10 million funding round to advance its suite of institutional Bitcoin finance tools and developer-focused protocols. This fresh capital injection aims to bolster BOS’s infrastructure as it seeks to establish Bitcoin as a programmable foundation for emerging digital economies. The investment round was spearheaded by Greenfield Capital and featured participation from notable industry players including FalconX, DNA Fund, Bitcoin Frontier Fund, alongside prominent angel investors such as Anchorage Digital CEO Nathan McCauley and Spartan Group’s Leeor Groen. The company disclosed these details via email on October 21, 2025. BitcoinOS gained significant attention after achieving

October 21, 2025

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Cuomo’s Crypto Push Struggles to Shift NYC Mayoral Race Dynamics

Former New York Governor Andrew Cuomo recently unveiled a proposal aimed at positioning New York City as a leading hub for cryptocurrency and emerging technologies. However, with just weeks remaining before the Mayoral election, Cuomo continues to trail Democratic frontrunner Zohran Mamdani by a significant margin. On Sunday, Cuomo’s campaign revealed plans to establish a new city office dedicated to attracting businesses in innovation sectors such as blockchain, artificial intelligence, and biotechnology. As part of the initiative, Cuomo would appoint a chief innovation officer within the city administration and create an Innovation Council comprising industry leaders from the targeted fields.