Articles for category: Crypto

October 8, 2025

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Bitcoin Pulls Back as Crypto Market Sees Minor Setback

The cryptocurrency market experienced a significant pullback recently, with Bitcoin (BTC) retracing from its previous all-time high. As of this morning, BTC is priced at $122,674, reflecting a 1.8% drop in a single day and approximately 3% below its recent peak of over $126,000. This decline is contributing to a larger downtrend in the cryptocurrency landscape, pushing the total market capitalization below the $4.3 trillion mark. Despite this short-term decrease, Bitcoin has managed to rise over 4% throughout October, a month known for positive price movements historically, noted Iliya Kalchev, a dispatch analyst at Nexo. He emphasized the ongoing influx

October 8, 2025

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Jupiter Launches JupUSD Stablecoin in Collaboration with Ethena Labs

In a significant advancement for the Solana ecosystem, the decentralized exchange (DEX) Jupiter has announced the upcoming launch of its own stablecoin, JupUSD, slated for release before the year’s end. This new digital asset is expected to be seamlessly integrated within Jupiter’s diverse ecosystem, including its trading platforms, perpetuals, and lending markets. JupUSD is being developed in collaboration with Ethena Labs, a firm recognized for its robust stablecoin contributions, having successfully minted over $16 billion through their projects. This partnership aims to bring a reliable and fully collateralized stablecoin to the Solana blockchain. The foundation of JupUSD will be firmly

October 8, 2025

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FORM Token Soars Amid BNB Meme Activity After CZ’s Viral Announcement

Strong momentum has recently marked the FORM token’s performance, with expectations of a 40% price increase as it benefits from a renewed BNB ecosystem fueled by meme-driven trading activities. Specifically, the token, associated with the BNB Chain’s memecoin launchpad, Four.Meme, has seen a remarkable surge of approximately 85% in just two weeks, including a notable jump of over 50% in the last 24 hours. This rally was significantly influenced by Binance co-founder Changpeng Zhao’s (CZ) viral post on X, declaring it the “BNB meme szn.” Following this announcement, FORM’s price climbed to around $1.42, rebounding from lows near $0.80, and

October 8, 2025

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YZi Labs Launches $1 Billion Initiative to Empower BNB Chain Projects

YZi Labs, the newly branded investment arm of the crypto exchange Binance, has unveiled an ambitious $1 billion fund aimed at supporting innovative projects developed on the BNB Chain. This initiative marks a significant step in the company’s ongoing commitment to bolstering the Blockchain ecosystem. Formerly known as Binance Labs, YZi Labs has pivoted its focus to target emerging technologies and applications within the BNB ecosystem. The fund will prioritize investments in projects spanning various sectors including decentralized finance (DeFi), real-world assets (RWAs), artificial intelligence (AI), and digital wallets, as announced on social media platform X on Wednesday. Ella Zhang,

October 8, 2025

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Forward Industries Enters Solana Validator Scene with $1.6 Billion Stake

In a significant move aimed at solidifying its presence within the Solana ecosystem, Forward Industries, a publicly-traded company focused on digital assets, has launched its inaugural institutional-grade validator node on the Solana blockchain. This initiative marks an important step for the company as it seeks to enhance the operational resilience and institutional adoption potential of decentralized finance (DeFi) on the platform. Forward Industries announced its validator launch on Tuesday, confirming that it operates on DoubleZero’s fiber network, accompanied by Jump Crypto’s Firedancer client, which is an independent validator client designed for Solana. This strategic choice in technology is expected to

October 8, 2025

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Bitcoin Short-Term Whales Accumulate $10.1 Billion in Paper Profits—Will They Cash Out?

Bitcoin’s recent surge past record price points has positioned short-term holder (STH) whales with paper profits totaling approximately $10.1 billion, as indicated by data from CryptoQuant. These whales, defined as entities possessing over 1,000 BTC acquired in the previous five months, are often characterized as “weak hands” due to their tendency to sell quickly during price volatility. The current unrealized profit figure marks a significant peak in this market cycle, highlighting the rapid shifts that Bitcoin’s market can experience. Just weeks ago, many among this group faced losses following a dip in late September. However, recent dynamics—including ETF inflows, speculation

October 8, 2025

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Canary Capital’s Litecoin and HBAR ETFs Set for Approval, But Government Shutdown Delays Launch

Canary Capital, a prominent asset management firm, is poised to receive approval for its exchange-traded funds (ETFs) based on Litecoin (LTC) and Hedera (HBAR) after submitting essential final documentation. However, the anticipated launch of these ETFs is currently hindered by the ongoing government shutdown in the United States. This week, Canary filed amendments to the proposed spot ETFs, introducing a management fee of 0.95%, accompanied by their new tickers, LTCC for Litecoin and HBR for Hedera. According to Bloomberg ETF analyst Eric Balchunas, these adjustments often represent the final stages before regulatory approval. He highlighted in a post on X

October 7, 2025

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Prediction Markets Surge as Kalshi and Polymarket Race for Dominance

In a vibrant turn of events for the prediction market sector, competition between Kalshi and Polymarket is intensifying, marking what many are calling the dawn of a “golden age” for this burgeoning field. Recent reports indicate that cumulative activity within prediction markets has skyrocketed, signaling heightened engagement reminiscent of the frenzy witnessed during the 2024 presidential election. September proved to be a particularly lucrative month for both platforms. According to data from DeFiLlama, Polymarket achieved its highest trading volume of the year at an impressive $1.43 billion. Kalshi, matching the surge in interest, recorded its own peak performance with over

October 7, 2025

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SEC Chair Pursues ‘Innovation Exemption’ for Crypto by Year’s End Amid Government Shutdown

In a recent address in New York, Securities and Exchange Commission (SEC) Chair Paul Atkins emphasized the agency’s commitment to introducing an “innovation exemption” that would foster development in the digital asset and emerging technology sectors. Atkins expressed hope for the formalization of this exemption by the close of 2025 or at the latest, early 2026, contingent on the resolution of the current U.S. government shutdown, which he noted has significantly hindered the SEC’s regulatory efforts. During the Futures and Derivatives Law Report event hosted by Katten Muchin Rosenman LLP, Atkins reiterated his stance that innovation within the crypto space

October 7, 2025

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Ethereum Sets Sights on $4,400 Support Amid Liquidity Dynamics

Ethereum (ETH) is currently at a critical juncture as market dynamics shift, presenting an opportunity for bulls to reclaim momentum in the coming days. After failing to breach the $4,800 mark amidst new all-time highs for Bitcoin (BTC), Ethereum experienced a noticeable correction, dropping around 3% to settle below the $4,500 threshold on Tuesday. This recent sell-off coincided with a bearish divergence observed on the four-hour trading chart, a signal that suggests a weakening of buying pressure and often precedes a short-term reversal in price direction. As ETH retests the $4,500 level, emerging data from both on-chain and derivative markets