Articles for category: Crypto

September 16, 2025

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Citigroup Predicts Bearish Outlook for Ether, Sees Year-End Price at $4,300

In a recent report, global financial powerhouse Citigroup has provided a forecast regarding the future of ether (ETH), predicting that the cryptocurrency could decline to $4,300 by the end of the year. This projection marks a decrease from the current price of approximately $4,515. Citigroup’s analysis isn’t limited to a single perspective; the bank presents a spectrum of scenarios for ether’s price trajectory. While the base case anticipates the decline to $4,300, a more optimistic bull case projects a price of $6,400, whereas a more pessimistic bear case anticipates a price drop to as low as $2,200. Analysts at Citigroup

September 16, 2025

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Bitcoin Holds Steady at $115K Amid Mixed Market Sentiment in Asia

Good morning, Asia. Today’s market analysis reveals a pivotal moment for Bitcoin as it hovers just above the $115,000 mark, showcasing a slight dip after a robust start to the week. The recent market activity has sparked dialogue regarding the sustainability of this rally following inflows into U.S. spot exchange-traded funds (ETFs) and growing hopes for a Federal Reserve interest rate cut. As of Tuesday morning in Asia, Bitcoin (BTC) is trading at $115,089.56. This modest decline comes in the wake of several days of strong performance that left many traders contemplating the nature of the current recovery: is it

September 16, 2025

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Crypto Highlights: Strategy’s Bitcoin Holdings Surge and LSEG Ventures into Blockchain

In today’s crypto landscape, significant developments have emerged, including Strategy’s substantial increase in Bitcoin holdings and the London Stock Exchange’s groundbreaking blockchain initiatives. Both events mark critical milestones in the ongoing evolution of digital assets. Strategy’s Bitcoin Holdings Exceed $73 Billion Strategy, a business intelligence firm co-founded by Michael Saylor, has amplified its Bitcoin portfolio, crossing the impressive threshold of $73 billion. This leap followed a reported acquisition of 525 Bitcoin, costing approximately $60 million at an average price of $114,562 per coin. With this latest purchase, Strategy now holds a total of 638,985 BTC, reinforcing its position as a

September 16, 2025

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Crypto Leaders Converge to Discuss Strategic Bitcoin Reserve with Lawmakers

In a significant move for the cryptocurrency industry, US lawmakers are set to engage with a group of 18 influential executives, including Michael Saylor, the Executive Chairman of Strategy, and Tom Lee, CEO of Fundstrat, this Tuesday. The meeting focuses on advancing the Strategic Bitcoin Reserve initiative, presented by former President Donald Trump. This gathering, organized by crypto advocacy group The Digital Chambers, aims to address the potential creation of a Strategic Bitcoin Reserve through the proposed BITCOIN Act. Introduced by Senator Cynthia Lummis in March, this legislation seeks to have the government procure one million Bitcoin (BTC) over the

September 15, 2025

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PumpSwap’s Total Value Locked Reaches New Heights at $334M Amid PUMP Surge

PumpSwap, the decentralized exchange affiliated with the Solana-based launchpad Pumpfun, has achieved a new milestone, with its total value locked (TVL) soaring to an impressive $334.81 million. This uptick occurred over the recent weekend and comes on the heels of a revamped fee structure intended to support creators of smaller tokens. According to data from DefiLlama, the increase in locked capital wasn’t the only notable development, as the trading activity surrounding Pumpfun’s native token, PUMP, also reached record volumes, totaling $1.66 billion for the weekend. This surge in trading has been accompanied by a remarkable rise in PUMP’s price, which

September 15, 2025

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XLM Experiences Significant Price Instability Amid Institutional Sell-Off

Stellar’s XLM token faced notable fluctuations in the market over the past day, experiencing a decline of 3%. This downturn was primarily influenced by significant selling pressure from institutional investors that dominated trading activities. The price of XLM slipped from $0.39 on September 14 at 15:00 to $0.38 by September 15 at 14:00, with trading volumes soaring to 101.32 million—nearly three times the average for the previous 24 hours. The most dramatic decline took place during the morning of September 15, when the token plummeted from $0.395 to $0.376 in just two hours. This movement established a strong resistance level

September 15, 2025

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Ethereum Foundation Launches AI Research Team to Integrate Blockchain and AI Technologies

The Ethereum Foundation has officially established a dedicated research team focused on artificial intelligence (AI), aiming to marry the decentralized nature of blockchain with cutting-edge AI advancements. The initiative was unveiled by Davide Crapis, a research scientist at the Foundation, who highlighted the potential synergies between blockchain technology and AI. In a statement made on Monday, Crapis emphasized that the new AI team will concentrate on developing a vibrant AI economy within Ethereum and creating a decentralized AI framework that empowers developers. “Ethereum makes AI more trustworthy, and AI enhances the utility of Ethereum,” he shared on social media platform