Articles for category: Crypto

October 1, 2025

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Bitcoin Surges Past $118K: What’s Next for Altcoins?

Bitcoin has surged above the $117,500 resistance mark, reclaiming momentum and setting sights on retesting its all-time high of $124,474. This upward swing comes after Bitcoin closed out September with a gain exceeding 5%. The market’s bullish sentiment has continued into the start of the new month, creating optimism among traders and investors alike. Historical data from CoinGlass indicates that a strong close in September typically results in substantial gains during the fourth quarter, with average returns exceeding 53%. If past trends hold true this season, Bitcoin could potentially soar to around $170,000 by year-end. Market analysts are closely monitoring

October 1, 2025

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Abu Dhabi’s ICH Launches ADI Chain for Dirham-Backed Stablecoin Initiative

Abu Dhabi’s International Holding Company (ICH), renowned for its $240 billion market capitalization, is taking significant strides into the blockchain space with the introduction of ADI Chain. This new Layer 2 blockchain is specifically designed to support a dirham-pegged stablecoin and facilitate various state-linked digital initiatives. The announcement was made during Token2049 in Singapore on October 1, 2023, by the ADI Foundation, a subsidiary of ICH. The development of ADI Chain signifies a meaningful shift in the region’s financial landscape, particularly as it seeks to integrate blockchain technology into everyday financial systems. With plans for a mainnet launch in the

October 1, 2025

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Staking on the Cusp of Becoming a Recognized Asset Class in Crypto Portfolios

The crypto landscape is witnessing the evolution of staking from a mere technical feature into a formidable asset class, a development that institutional investors can’t afford to overlook. As staking gains traction, it is increasingly becoming a significant component of crypto portfolios. To understand why staking is emerging as a distinct asset class, one must consider its scale, volatility, and the diversity of market participants now involved. Currently, over half a trillion dollars is locked in staking across various proof-of-stake networks, highlighting its burgeoning importance. Ethereum leads the charge with an impressive $100 billion staked, while other platforms like Solana

October 1, 2025

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Bitcoin Bounces Back: Aiming for $118,000 Despite Government Shutdown

Bitcoin (BTC) is on the verge of breaking the $118,000 mark for the first time since mid-August, demonstrating resilience even in the face of a U.S. government shutdown. As the cryptocurrency market opens the month of October, Bitcoin’s price surged following disappointing labor market data, indicating a bullish sentiment among investors. Data from Cointelegraph Markets Pro and TradingView revealed that Bitcoin reached a high of $117,713 after the announcement of weak employment numbers from the U.S. private sector. This high is just shy of the asset’s September peak and sets the stage for the potential to achieve its highest levels

October 1, 2025

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Aleo and Paxos Labs Introduce USAD: A Groundbreaking Privacy-Enhanced Dollar Stablecoin

Aleo Network Foundation and Paxos Labs have announced the upcoming launch of a revolutionary stablecoin, USAD, designed to ensure privacy while serving the needs of financial institutions. This new U.S. dollar-pegged token aims to innovate the digital currency space and enhance user confidentiality in transactions. Revealed on Wednesday, the USAD token is built on Aleo’s advanced zero-knowledge (ZK) layer 1 blockchain technology. Paxos Labs, known for its regulatory compliance and backing of popular stablecoins including PYUSD and USDG, is responsible for issuing this novel digital asset. Stablecoins are increasingly recognized as efficient alternatives for global money transfers due to their

October 1, 2025

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Key Bitcoin Indicators Signal Potential Surge as Market Stabilizes

Recent analysis indicates that Bitcoin (BTC) may be on the brink of a significant price movement, following a positive close for September. BTC wrapped up the month at $114,000, marking a 5% increase from earlier lows of $108,000. Analysts are closely monitoring essential metrics that suggest a favorable environment for potential upward momentum in the cryptocurrency’s value. One of the key indicators attracting attention is the Stablecoin Supply Ratio (SSR), which assesses the purchasing power of stablecoins compared to Bitcoin. Currently, the SSR’s relative strength index (RSI) has dipped to a four-month low, reaching a level classified as ‘buy’ at

October 1, 2025

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BitMEX CEO Predicts Short-Lived Success for Current DEX Leaders

SINGAPORE — As the annual Token2049 conference wraps up, the landscape of decentralized exchanges (DEXs) is evolving rapidly, with platforms like Aster and Hyperliquid vying for dominance. However, Stephan Lutz, CEO of BitMEX, warns that the current fervor surrounding these new entrants may be fleeting due to the fragile nature of their incentive-driven models. Recent weeks have seen Aster outperform Hyperliquid in 24-hour trading volume, igniting fierce competition among DEXs looking to capture expanding market share. This competitive environment has encouraged announcements of new exchanges, including Justin Sun’s recent DEX launch at Token2049. Despite the current excitement, Lutz describes the

October 1, 2025

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Bitcoin Eyes New Heights as BTC Approaches $117,000, Correlating with Gold’s Record Surge

Bitcoin is on the rise again, with the price nearing the $117,000 mark as traders brace for potential market shifts. As of Wednesday, the leading cryptocurrency has reached local highs of $116,593 on Bitstamp, buoying bullish sentiment ahead of the Wall Street opening. Despite facing concerns over liquidity below current prices, Bitcoin’s upward momentum appears resilient. With September finishing with a solid gain of 5.2% and Q3 reflecting a 6.3% increase, analysts are turning their attention to what could become a new all-time high (ATH) for BTC. Notable crypto analyst and entrepreneur, Ted Pillows, indicated that the next significant resistance

October 1, 2025

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Community Divided Over Proposed Bitcoin Upgrade That Could Enable Transaction Censorship

The Bitcoin community is once again facing a deep rift over proposals for the network’s future. Recent discussions sparked by leaked messages from well-known developer Luke Dashjr have raised concerns about a potential upgrade that could establish a committee capable of censoring certain transactions. This controversial proposition risks contradicting Bitcoin’s foundational tenet of decentralization and censorship resistance. On September 25, tech outlet The Rage reported that Dashjr is considering a hard fork that would create a “trusted” committee with the authority to retroactively remove illegal content from the Bitcoin blockchain. If implemented, this move could fundamentally alter the decentralized nature

October 1, 2025

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Sygnum Bank Introduces Innovative Bitcoin Yield Fund Tailored for Institutional Investors

Swiss digital asset bank Sygnum has announced the launch of its latest investment product, the BTC Alpha Fund, designed to enhance yield generation on Bitcoin while maintaining investors’ exposure to its price fluctuations. This new initiative is in collaboration with Athens-based firm Starboard Digital and promises to provide attractive annual net returns of 8% to 10%, payable directly in Bitcoin. Situated in the Cayman Islands, the BTC Alpha Fund targets professional and institutional investors keen on exploring yield-generating strategies beyond mere Bitcoin preservation. By leveraging arbitrage strategies, the fund aims to convert trading profits into Bitcoin, enabling participants to accumulate