Articles for category: Crypto

September 30, 2025

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Bitcoin’s Critical Challenge: Overcoming Essential Moving Averages for Bullish Momentum

Bitcoin (BTC) is currently navigating a pivotal moment in its price trajectory as it grapples with three significant moving averages, which could dictate the next steps for bulls in the market. Recent analysis by Keith Alan, co-founder of trading platform Material Indicators, highlights the importance of these moving averages, especially with the looming monthly and quarterly closes on the horizon. After a notable rebound early in the week, where Bitcoin surged from approximately $109,000, the cryptocurrency now finds itself in a critical phase. According to Alan, an alignment of the 21-day, 50-day, and 100-day simple moving averages (SMAs) has occurred,

September 30, 2025

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XRP Soars as ETF Decisions Approach, Eyes Resistance at $2.93

XRP experienced a notable uptick of 2.1% in the 24-hour trading period from September 28 at 21:00 to September 29 at 20:00, rising from $2.84 to close at $2.90. During this time, the cryptocurrency traded within a narrow corridor of $0.10, representing a volatility rate of 3.47% from its opening price. The market dynamics have been influenced by significant movements from institutional investors, with large-scale addresses holding between 10 million to 100 million XRP tokens accumulating over 120 million coins in just three days. This accumulation suggests an increased confidence in XRP as it approaches a critical regulatory period. Currently,

September 30, 2025

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SEC Suspends Trading of QMMM Holdings Amid Stock Manipulation Concerns

The U.S. Securities and Exchange Commission (SEC) has issued a temporary trading suspension for QMMM Holdings, a company engaged in cryptocurrency treasury operations, amid allegations of stock manipulation. This decision arrives just one week following reports of a broader regulatory inquiry into various crypto treasury firms. In an official notice released on Monday, the SEC stated, “The Commission temporarily suspended trading in the securities of QMMM because of potential manipulation.” The suspension will remain in effect for ten trading days. The SEC pointed to suspicious activities wherein “recommendations made to investors by unknown persons via social media” aimed to artificially

September 30, 2025

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OKX SG Launches Stablecoin Scan-to-Pay Service with Grab in Singapore

OKX SG, the local arm of the prominent cryptocurrency exchange OKX, has officially launched its innovative payment solution, OKX Pay, in Singapore. This new service enables users to make everyday purchases using the widely adopted stablecoins USDT and USDC through a seamless scan-to-pay system in collaboration with Grab, Southeast Asia’s all-encompassing application for various needs. Having secured a major payment institution license from the Monetary Authority of Singapore just over a year ago, OKX SG has teamed up with StraitsX, a notable provider of crypto infrastructure. This partnership aims to facilitate payments for everyday transactions using two of the largest

September 30, 2025

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Wisconsin’s New Bill AB471 Seeks to Simplify Crypto Operations with License Exemptions

Lawmakers in Wisconsin have unveiled Assembly Bill 471, a significant legislative proposal aimed at easing regulatory burdens for cryptocurrency activities within the state. If passed, the bill would spare individuals and businesses from the requirement of obtaining a money transmitter license when engaging in various crypto-related activities, such as mining, staking, and exchanging digital assets. According to a document released by the Wisconsin Legislative Reference Bureau, the proposed legislation strives to delineate the exemptions from the licensing obligations imposed by the Department of Financial Institutions (DFI) for activities associated with money transmission. Specifically, the bill outlines that anyone involved in

September 30, 2025

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Andre Cronje’s Flying Tulip Secures $200 Million Before ICO Launch

In a significant move for the decentralized finance (DeFi) landscape, Andre Cronje, the founder of Yearn Finance, has successfully raised $200 million in a private seed funding round for his latest venture, Flying Tulip. This substantial investment has led to a fully diluted valuation of $1 billion for the project. Notable investors included Brevan Howard Digital, CoinFund, DWF Labs, and Susquehanna Crypto. Flying Tulip is poised to enhance the DeFi ecosystem by offering a comprehensive platform that integrates a range of services—spot trading, derivatives, lending, stablecoins, and insurance—into a cohesive user experience. The platform diverges from traditional models by proposing

September 30, 2025

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NYDFS Superintendent Adrienne Harris Announces Departure, Kaitlin Asrow to Step In

Adrienne Harris, the Superintendent of the New York Department of Financial Services (NYDFS), has revealed that she will be leaving her position next month. In a statement released on Monday, Harris confirmed her departure date as October 17, 2025. Her tenure at the helm of the financial regulatory body has lasted nearly four years, during which she played a pivotal role in shaping the regulatory landscape for cryptocurrency in New York. Governor Kathy Hochul praised Harris’s contributions, emphasizing her dedication to ensuring the efficiency of New York’s financial system. In her statement, Hochul remarked, “Adrienne worked every day to make

September 30, 2025

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Retail Enthusiasm Fuels Solana’s Recovery Ahead of SEC ETF Verdict

As anticipation builds around the U.S. Securities and Exchange Commission (SEC) decision on the Solana (SOL) exchange-traded fund (ETF), retail investors are making noteworthy moves in the market. Following a recent dip to $190.85, SOL’s price surged nearly 12% in just three days, rebounding to around $213. This upswing signifies a potential shift in sentiment as traders capitalize on what they perceive as a buying opportunity. With the SEC’s ruling expected on October 10, many market participants appear to be positioning themselves favorably. Recent trading volumes highlight a distinct trend among retail traders eager to buy the dip. Data from

September 29, 2025

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Andre Cronje’s Flying Tulip Secures $200 Million Pre-ICO Funding, Set to Transform DeFi Landscape

In a significant move for the decentralized finance (DeFi) sector, Andre Cronje, the founder of Yearn Finance, has successfully raised $200 million in a private seed funding round for his newest venture, Flying Tulip. The funding is a stepping stone toward the project’s initial coin offering (ICO), which aims to reach a total target of $1 billion in valuation. This latest initiative has attracted the backing of renowned investors such as Brevan Howard Digital, CoinFund, DWF Labs, and Susquehanna Crypto. Flying Tulip is designed to serve as a comprehensive on-chain exchange that integrates various DeFi functionalities, including spot trading, derivatives,

September 29, 2025

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Adrienne Harris to Step Down as NYDFS Superintendent Next Month

Adrienne Harris, the Superintendent of the New York Department of Financial Services (NYDFS), has announced her departure from the regulatory agency, effective October 17, 2025. The announcement, made on Monday, marks the end of a noteworthy tenure that began in August 2021. Harris, who previously served as a special assistant in the White House under former President Barack Obama, has played a crucial role in shaping the regulatory landscape for the rapidly evolving cryptocurrency industry. New York Governor Kathy Hochul praised Harris, stating that she has been dedicated to ensuring that the financial system serves the interests of New Yorkers