Articles for category: Crypto

October 6, 2025

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PEPE Cryptocurrency Surges as Whales Accumulate and Futures Interest Grows

The meme-inspired cryptocurrency PEPE has demonstrated impressive resilience, recording a rise of over 2.5% in the past 24 hours. This uptick positions PEPE ahead of the broader memecoin market, reflected by a 2.24% gain in the CoinDesk Memecoin Index (CDMEME) during the same timeframe. PEPE’s price experienced a notable surge, climbing from $0.00000969 to a peak of $0.00001027. Trading activity was vigorous, with volumes exceeding 314 billion tokens in the final hour, as reported by CoinDesk Research’s technical analysis model. The price action created a temporary floor between $0.00001000 and $0.00001003, while resistance built around the $0.00001007 mark. Such technical

October 6, 2025

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Pump.fun Solidifies Its Position in Solana’s Memecoin Scene with 80% Market Share

Pump.fun, a dedicated launchpad for Solana-based tokens, currently holds a commanding 80% market share in the Solana memecoin sector, a remarkable feat achieved through its innovative platform design. The project’s approach leverages simplified token minting, strategic liquidity management, and automated market-making, attracting a significant number of creators. At the core of Pump.fun’s success is its user-friendly one-click minting process, which is complemented by a bonding-curve mechanism that ensures liquidity post-launch. Once a new token is minted and its initial supply—approximately 800 million tokens—is sold, it undergoes a ‘graduation’ process. After graduation, trading for the token transitions to Pump.fun’s own decentralized

October 6, 2025

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BNB Surges Past $1,200 as Network Activity and Institutional Investments Surge

BNB, the native token of the BNB Chain, experienced a notable surge, rising over 4% in a recent 24-hour period to exceed the $1,200 threshold, reaching an intraday peak of $1,223. This gain is attributed to a combination of heightened trading volumes, growing institutional interest, and increased engagement on the blockchain. Recent data indicates that the BNB Chain has reclaimed its position as the leading blockchain in terms of active addresses, surpassing competitors such as Solana for the first time since August. In September, the chain registered approximately 52.5 million active addresses, according to figures from TokenTerminal. A significant contributor

October 6, 2025

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Bitcoin Poised for Rangebound Activity as October Begins

As Bitcoin (BTC) welcomes the month of October with a grand celebration, having secured a new all-time high, traders are now bracing for potential price stabilization before attempting to breach the critical resistance level of $150,000. Following its recent peak, Bitcoin is currently trading in a tight range, with analysts predicting a period of consolidation. After hitting a record high over the weekend, data from Cointelegraph Markets Pro and TradingView shows that Bitcoin is stabilizing around the $124,000 mark. The price action indicates a desire for a support retest, with important levels to watch set at $118,000 and above. This

October 6, 2025

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Controversial A7A5 Stablecoin Sponsorship Raises Questions at Token2049 Amid Sanctions

Good morning, Asia! Here’s the latest from the crypto markets that’s stirring conversation: The upcoming Token2049 event in Singapore is in the spotlight as it features sponsorship from A7A5, a ruble-backed stablecoin issuer linked to a sanctioned Russian defense bank. This surprising partnership has sparked significant debate on the implications of financial sanctions and regulatory compliance across different jurisdictions. Just recently at Token2049, Bo Hines, who previously served as the White House’s Crypto Policy Director and is now with Tether, took the stage to promote USAT, Tether’s stablecoin compliant with financial regulations. Hines positioned USAT as a cornerstone of U.S.

October 6, 2025

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Bitcoin Reaches Record Heights as ETF Inflows Surge to Propel Prices

In a significant turn of events for the cryptocurrency market, Bitcoin has achieved a new all-time high, surpassing $125,000 this Saturday, fueled primarily by substantial inflows into Bitcoin exchange-traded funds (ETFs). This surge comes even as Bitcoin treasury companies accrued $1.2 billion in BTC last week, highlighting the growing institutional interest in the leading cryptocurrency. According to data, Bitcoin treasury firms collectively acquired over 6,702 BTC in the past week, predominantly driven by Japanese investment firm Metaplanet, which alone purchased 5,258 coins on October 1. However, analysts have pointed out that the more impactful factor behind Bitcoin’s monumental price increase

October 5, 2025

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Uncertain Federal Reserve Decisions Could Rock Stocks and Crypto Markets

The upcoming Federal Reserve meeting scheduled for October 28-29 may represent a turning point for U.S. financial markets, particularly stocks and cryptocurrencies like Bitcoin. As the nation grapples with the repercussions of an ongoing federal government shutdown, critical economic indicators are delayed, heightening anxiety among investors. The partial government shutdown that began on October 1 has led to the closure of several essential services, including the Bureau of Labor Statistics (BLS), which is responsible for producing key economic reports. One of the most impacted reports is the September jobs data, a significant barometer for assessing the health of the job

October 5, 2025

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DeFiLlama Removes Aster Perpetual Futures Data Amid Integrity Issues

In a significant development within the decentralized finance (DeFi) space, analytics platform DeFiLlama has announced the removal of perpetual futures volume data for Aster, a decentralized exchange (DEX). The decision was made due to concerns over data integrity, as stated by 0xngmi, a co-founder of DeFiLlama. The trading activity on Aster, which has gained attention due to its association with Changpeng Zhao (CZ), co-founder of Binance, has been closely mimicking the perpetual futures volumes of Binance. According to 0xngmi, the correlation ratio between the trading volumes of Binance and Aster was found to be approximately 1, raising alarms about the

October 5, 2025

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Bitcoin Surges to New All-Time High, Exceeding $125,000

In a remarkable turn of events, Bitcoin (BTC) has surged past the $125,000 mark, establishing a new all-time high (ATH) that is sending shockwaves through the cryptocurrency market. This significant milestone not only underscores Bitcoin’s escalating popularity but also highlights its resilience as a leading digital asset amidst various market fluctuations. The recent price jump comes as institutions and retail investors alike flock to Bitcoin, drawn by its potential as a hedge against inflation and a store of value. The bullish sentiment has been further fueled by a series of positive developments in the greater cryptocurrency ecosystem, including advancements in

October 5, 2025

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SWIFT Embraces Blockchain: A New Era for Stablecoins and Global Banking

In a groundbreaking shift, SWIFT, the pivotal player in global financial messaging, is set to redefine its role in the world of finance by transitioning into a blockchain infrastructure provider. The organization, which has been instrumental in linking over 11,500 banks for more than five decades, recently announced plans to launch a shared ledger platform. This innovative approach aims to facilitate the settlement of stablecoin transactions and tokenized assets across various blockchain networks. Traditionally, SWIFT has functioned primarily as a communication channel for cross-border payments, but the introduction of a shared ledger positions the organization much closer to the core