Articles for category: Crypto

September 24, 2025

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DePIN Sector Fees Surge Despite Token Decline

The decentralized physical infrastructure (DePIN) landscape is experiencing a notable increase in fee generation, reaching an all-time high even as the market faces a downturn in token values. The uptick in activity has been largely driven by Helium, a leader in the DePIN space, particularly due to its recent collaboration with the Solana Seeker mobile phone. Since mid-August, the DePIN sector has seen significant momentum, with Helium’s innovative partnership substantially bolstering its fee earnings. Data indicates that over the past five weeks, Helium has consistently generated between $330,000 and $370,000 weekly. This impressive feat accounts for approximately 60% of the

September 24, 2025

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Crypto Millionaires Surge by 40% as Market Capitalization Reaches $3.3 Trillion

The latest findings from Henley & Partners’ Crypto Wealth Report 2025 reveal a staggering increase in the number of individuals classified as crypto millionaires, with the figure now standing at 241,700—an impressive 40% jump over the past year. This growth in wealth corresponds with a significant rally in the cryptocurrency market, which saw total market capitalization soar to $3.3 trillion by June, marking a 45% year-on-year increase. Bitcoin remains the dominant force behind this wealth creation in the cryptocurrency sector. The report highlights that the number of Bitcoin holders with portfolios exceeding $1 million has surged by 70%, bringing the

September 24, 2025

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Bitcoin Bulls Gear Up for Major $22.6 Billion Options Expiry Amid Market Uncertainty

As the Bitcoin market braces for a substantial expiration of options valued at $22.6 billion set for this Friday, September’s trade dynamics suggest a bullish outlook for many investors—provided Bitcoin maintains its grip on the pivotal $112,000 support level. This upcoming expiration is particularly critical following a notable rejection at the $117,000 mark, with market participants closely monitoring the cryptocurrency’s price movements. The landscape appears to favor bullish strategies as demand for call options continues to outpace that of put options. According to data from leading exchange Deribit, the total open interest for this expiration registers at $17.4 billion, overshadowing

September 24, 2025

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ZRO Surges 22% Following LayerZero’s Major Token Buyback Initiative

The native token of the LayerZero platform, ZRO, experienced a significant price surge of over 22% after the LayerZero Foundation announced a sizable token buyback. This strategic move involved the repurchase of 50 million ZRO tokens, which constitutes 5% of the total token supply, generating excitement among its investors and the broader crypto community. On September 22, the LayerZero Foundation revealed in a post on X that the buyback had been successfully executed from early backers of the project. Following this announcement, the price of ZRO climbed sharply from approximately $1.82 to over $2.21 by September 24, illustrating strong market

September 24, 2025

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Bitcoin Surges to $113,900 Amid Bullish Divergence and Whale Activity

Bitcoin (BTC) witnessed a notable rebound, climbing to $113,900 after a brief dip below the previous week’s lows. The impressive recovery was bolstered by signs of bullish divergence emerging from trading charts, particularly on the one-hour and four-hour timeframes. The latest movement came after Bitcoin tested the $111,500 mark, subsequently dropping to approximately $111,000 on Binance during the Asian trading hours. The bounce back marks a significant mid-week recovery attempt, indicating potential shifts in market sentiment. One of the primary factors contributing to Bitcoin’s price increase is the bullish divergence identified between the relative strength index (RSI) and Bitcoin’s price

September 24, 2025

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Franklin Templeton Taps BNB Chain to Enhance Benji Tokenization Platform

In a significant move to expand its reach in the world of digital assets, Franklin Templeton has announced the integration of its Benji Technology Platform with the BNB Chain, the fifth-largest blockchain by market capitalization. This strategic decision, unveiled on September 24, 2023, is aimed at enhancing accessibility for both institutional and retail investors looking for tokenized financial products. Franklin Templeton, a global investment powerhouse with $1.6 trillion in assets under management, is leveraging its proprietary blockchain technology stack through the Benji platform to issue and manage tokenized real-world assets (RWAs). This platform underpins the Franklin OnChain U.S. Government Money

September 24, 2025

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Melee Secures $3.5 Million to Introduce Decentralized Viral Prediction Markets

Melee, an innovative startup in the prediction market space, has successfully secured $3.5 million in funding to launch its pioneering platform known as “Viral Markets.” With backing from VC firms such as Variant and DBA, along with several angel investors, Melee aims to democratize speculation and betting, aligning them with the openness of online discourse. The evolution of prediction markets has been inspired by the burgeoning interest in platforms like Polymarket, which gained traction during major events such as the U.S. elections. Additionally, recent developments like ‘Forecast Markets’ on Clearmatics’ Autonity blockchain highlight the increasing diversity within this sector. Melee

September 24, 2025

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Hyperliquid and Paxos Join Forces to Innovate the Stablecoin Landscape with USDH

The stablecoin market is witnessing a potential transformation as Hyperliquid, a leading decentralized exchange, embarks on an ambitious journey to redefine how stablecoins operate. At the center of this movement is a newly proposed stablecoin, USDH, which aims to address a critical issue prevalent in the current stablecoin environment: the distribution of profits from reserve holdings. Currently, in popular stablecoins like USDC and USDt, issuers such as Circle and Tether maintain reserves in secure assets like US Treasurys or cash to back every circulating token. The yields generated from these reserves typically benefit the issuers instead of the users. This

September 24, 2025

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ASTR Rises 37% to Near $3.7B Market Cap, While HYPE Experiences Decline

In a notable turn of events in the cryptocurrency market, Aster (ASTR) has witnessed an impressive surge of 37%, elevating its market capitalization to approximately $3.74 billion. This significant upward movement comes amidst escalating competition with Hyperliquid (HYPE) in the decentralized exchange arena, where Aster has recently taken the lead in revenue generation. Data from DefiLlama indicates that Aster generated a robust $7.2 million in revenue over the past 24 hours, surpassing Hyperliquid’s revenue of $2.79 million. This shift is reflective of a broader trend in the decentralized finance (DeFi) sector, where Aster is rapidly gaining market share, with its

September 24, 2025

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Japan’s Crypto Landscape Thrives Under Proactive Regulatory Reforms

Recent policy reforms in Japan have significantly accelerated the nation’s cryptocurrency adoption, with a reported growth of over 120% in on-chain value received from June 2023 to June 2024. This extraordinary surge positions Japan as a frontrunner in the Asia Pacific (APAC) cryptocurrency market, according to findings from the blockchain analysis firm Chainalysis. As detailed in Chainalysis’ 2025 Geography of Cryptocurrency Report, Japan outperformed its regional counterparts, demonstrating remarkable advancements in its cryptocurrency ecosystem. The report, published on Wednesday, revealed that Japan experienced the highest growth among the top five APAC markets, indicative of a shifting landscape favoring digital assets.