Articles for category: Crypto

September 26, 2025

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Crypto Market Faces Pressure as Bitcoin Dip Signals Potential Corrections

The cryptocurrency market continued its downward trajectory as Bitcoin struggles to maintain above the $110,000 mark. Analysts are cautioning that further declines could be on the horizon. As of September 26, Bitcoin (BTC) is trading at $109,750, representing a slight dip of approximately 1% within the day. Ethereum (ETH), while stable today, fell below the $4,000 threshold just yesterday, showcasing the overall market’s volatility. Many of the top 20 cryptocurrencies by market capitalization have experienced significant declines this week, with several reporting double-digit losses. Among the major cryptocurrencies, only TRON (TRX) saw a slight increase today, climbing 1% to a

September 26, 2025

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Avalanche’s AVAX Token Declines 18% Amidst Market Turbulence and Institutional Hesitation

The Avalanche network’s native cryptocurrency, AVAX, has experienced a significant setback, dropping 8% in value over the last 24 hours to settle at $27.72. This decline is part of a broader downturn in the cryptocurrency market, with AVAX witnessing a staggering 18% decrease over the past week. Similar losses have been observed across the sector, with major cryptocurrencies like Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) also reporting double-digit declines, while Bitcoin (BTC) has slipped by 6%. AVAX’s struggles persist as it confronts a stubborn resistance level at $30.28. The token has struggled to maintain momentum, finding only weak support

September 26, 2025

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Debate on Ether Supercycle Heats Up Amid Market Turmoil and Circle’s Controversial Reversibility Plans

This week in decentralized finance (DeFi), a spirited discussion has emerged regarding the potential for a prolonged “supercycle” within the cryptocurrency market, fueled by increasing participation from institutional investors. Proponents suggest that this might significantly alter the valuation landscape of digital assets, steering it away from the traditional four-year cycle associated with Bitcoin’s halving events. Ethereum’s native token, Ether (ETH), which operates on the leading smart contract platform, may stand to gain considerably if institutional interest continues to escalate. BitMine, recognized as the largest corporate holder of ETH, emphasizes the notion of “Wall Street running into the blockchain” as a

September 26, 2025

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Crypto Markets Turn Cautious Ahead of Key U.S. Inflation Data

The cryptocurrency landscape is currently painted in red, as the CoinDesk 20 Index has experienced a sharp decline of 5% within the past 24 hours. Every constituent token is following this downward trend, indicating a prevailing risk-off sentiment among investors. Market movements have indicated ongoing capital outflows from the futures sector, with a noticeable preference for protective measures such as put options in Bitcoin (BTC) and Ethereum (ETH) on exchanges like Deribit. The focus of the market appears to be shifting toward ensuring stability, potentially in light of the looming U.S. core Personal Consumption Expenditures (PCE) report set to release

September 26, 2025

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UK Finance Launches Pilot for Tokenized Sterling Deposits with Quant Network

UK Finance, the representative body for over 300 financial services firms in the UK, has embarked on a groundbreaking pilot project aimed at exploring tokenized sterling deposits (GBTD). The initiative, announced on Friday, focuses on creating a digital representation of traditional British pound commercial bank money. The pilot program will involve six major UK banks: Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide, and Santander. UK Finance aims to keep the pilot running until mid-2026, during which it will assess how tokenization could enhance customer experience, improve payment processes, prevent fraud, and streamline settlement procedures. Collaborative Infrastructure with Quant Network To

September 26, 2025

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China Establishes Digital Yuan Operations Hub to Facilitate Global CBDC Integration

In a significant move aimed at enhancing its digital currency’s global reach, China has officially opened an international operations center for its central bank digital currency (CBDC), the digital yuan, or e-CNY. The inauguration event took place on Thursday in Shanghai and was reported by the South China Morning Post. The People’s Bank of China (PBOC) is leading this initiative, with Deputy Governor Lu Lei emphasizing the necessity of this development as a “historical inevitability” within the evolution of payment systems. Lu highlighted the goal of creating a payment framework that is more efficient, inclusive, and conducive to cross-border transactions

September 26, 2025

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TeraWulf Seeks $3 Billion in Debt Financing with Help from Google

In a significant move, cryptocurrency mining firm TeraWulf is aiming to secure approximately $3 billion in debt financing through Morgan Stanley to support the construction of new data centers. This ambitious funding initiative is bolstered by a substantial commitment from tech powerhouse Google, as confirmed by TeraWulf’s Chief Financial Officer, Patrick Fleury, during a recent interview with Bloomberg. The funding effort is expected to enter the market as early as October, potentially utilizing high-yield bonds or leveraged loans. Google’s support includes a backstop of around $1.4 billion, increasing the overall financial arrangement to $3.2 billion. This backing could enhance the

September 26, 2025

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Cloudflare Unveils NET Dollar Stablecoin Aimed at AI Transactions

Cloudflare, the renowned cloud connectivity and security provider, has announced the introduction of its own stablecoin, named NET Dollar. This new digital asset is specifically designed to cater to the evolving needs of AI agents and AI-driven transactions, marking a significant step in the convergence of finance and technology. NET Dollar is a stablecoin fully backed by the U.S. dollar, intended to serve as a reliable medium for transactions within the burgeoning landscape of the agentic web. Cloudflare envisions NET Dollar as a secure and efficient option for transactions both for individual users and businesses alike. The launch signals Cloudflare’s

September 26, 2025

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KuCoin Challenged by Canadian Regulatory Body Over $14 Million Fine for Compliance Failures

KuCoin, the Seychelles-based cryptocurrency exchange, is currently appealing a significant enforcement action imposed by the Canadian Financial Transactions and Reports Analysis Centre (FINTRAC). The penalty, which amounts to over $19 million (approximately $14 million in U.S. dollars), stems from allegations that KuCoin failed to register as a money-services business and did not implement adequate anti-money laundering controls. According to FINTRAC, the exchange was found to have not reported large cryptocurrency transactions on nearly 3,000 occasions between 2021 and 2024. Furthermore, in 33 instances, the agency noted that KuCoin did not report financial transactions where there were reasonable grounds to suspect

September 26, 2025

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BlackRock Unveils Bitcoin Premium Income ETF, Expanding Crypto Investment Horizons

In a significant move to enhance its cryptocurrency offerings, BlackRock, the asset management giant, has filed to create a Delaware trust company for its proposed Bitcoin Premium Income ETF. This filing, made public on Thursday, marks an ambitious step by the firm to capitalize on the growing interest in the Bitcoin market. According to Bloomberg ETF analyst Eric Balchunas, this new product will employ a covered call strategy on Bitcoin futures, generating income through premiums while exposing investors to Bitcoin’s price movements. However, this strategy may sacrifice some potential appreciation compared to BlackRock’s existing iShares Bitcoin ETF (IBIT), which closely