Articles for category: Crypto

October 24, 2025

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HBAR Slides 1.7% to $0.170 as Channel Support Crumbles

Hedera’s native cryptocurrency, HBAR, experienced a 1.7% decline over the latest 24-hour trading period, dropping from approximately $0.171 to $0.170. This downturn followed an unsuccessful attempt to break above a critical resistance level near $0.1716, highlighting weakening bullish momentum. Throughout the day, HBAR traded within a volatile range of around $0.0089, reflecting intraday price swings exceeding 5%. Initial buying interest maintained a support zone at $0.1633 for a short time; however, the token soon lost its ascending trendline—a key indicator of a positive price structure—signaling a shift away from upward momentum. The significant turning point occurred around 13:00 UTC when

October 24, 2025

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WazirX Resumes Trading After Hack Recovery, UK FCA Takes Legal Action Against HTX

Indian crypto exchange WazirX is set to reopen following a significant security breach earlier this year. Meanwhile, regulators across the globe continue to intensify oversight within the cryptocurrency sector, with the UK’s Financial Conduct Authority (FCA) initiating legal proceedings against HTX, a crypto platform linked to Justin Sun. WazirX CEO Nischal Shetty confirmed on October 19 that the exchange would recommence trading on October 24. To encourage users back onto the platform, WazirX will offer zero-fee trading for the opening 30 days. The relaunch strategically starts with trading pairs involving the Indian rupee and stablecoins, beginning with Tether’s USD₮. This

October 23, 2025

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Decentralized Networks Gain Traction as Internet Faces Risks from Centralized Cloud Outages

The recent outage of Amazon Web Services (AWS) on October 20 has reignited concerns about the vulnerability of the internet’s current infrastructure, which relies heavily on a handful of centralized cloud providers. The multi-hour disruption impacted prominent platforms such as Robinhood, underscoring how dependent online services are on a few dominant players. AWS alone controls approximately 30% of the global cloud market, with Microsoft Azure and Google Cloud accounting for 21% and 12% respectively. Combined, these three providers cover over 60% of the cloud services industry, presenting a significant concentration of dependency. According to Marta Belcher, President and Chair of

October 23, 2025

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Bitcoin Edges Higher Amid Market Gains and Binance CEO Pardon

Bitcoin (BTC) experienced a modest upswing on Thursday, climbing to around $110,700 during U.S. trading hours, marking a 2.7% increase over the past 24 hours. The price briefly touched a peak near $111,100 before settling slightly lower. This movement followed a volatile few days for the leading cryptocurrency, which saw a sharp drop below $107,000 on Wednesday after reaching as high as $114,000 on Tuesday. The recent price fluctuations exemplify a whipsaw trading pattern, characterized by rapid reversals that often challenge traders attempting to follow momentum. Such swings can lead to losses among those who enter or exit positions based

October 23, 2025

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Kraken Achieves Record-Breaking Q3 Revenue with Expanded Trading Volumes and IPO Prospects

Kraken, one of the longest-standing cryptocurrency exchanges in the United States, announced impressive financial results for the third quarter of 2025, reporting a record revenue of $648 million. This figure represents an increase of 114% compared to the same period last year, marking the company’s strongest quarter to date. The exchange’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose significantly to $178.6 million, supported by an expanded profit margin of 27.6%, up nine percentage points year-over-year. These results highlight Kraken’s robust financial health amid a rapidly evolving crypto market. Trading activity also surged, with total volume climbing 106%

October 23, 2025

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BNB Price Surges as Former Binance CEO CZ Receives Presidential Pardon from Trump

BNB, the native cryptocurrency of the BNB Smart Chain (BSC), experienced a notable price increase on Thursday following the announcement that former Binance CEO Changpeng “CZ” Zhao was granted a presidential pardon by Donald Trump. The token climbed approximately 7% during the day, trading near $1,145 according to market data from The Defiant. BNB currently ranks as the fourth-largest cryptocurrency by market capitalization, valued at over $158 billion. Although Binance’s platform underwent rebranding, the BNB Chain ecosystem remains strongly connected to the centralized exchange (CEX) and continues to receive official support from Zhao. The pardon marks a significant development nearly

October 23, 2025

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Stellar’s XLM Edges Slightly Down Amid Ripple Collaboration News

Stellar’s native token, XLM, experienced a modest decline of 0.4%, closing at $0.3123 as of 14:00 UTC on October 23. The cryptocurrency traded within a relatively tight range of $0.0132 (4.2%) over the previous 24 hours, reflecting fluctuating but constrained market activity. Trading volume surged sharply on October 22 at 21:00 UTC, with 62.1 million XLM tokens exchanged—a volume spike approximately 180% above its typical average. This sudden increase in trading triggered a selloff from $0.3081 down to a crucial support level at $0.3027, which now acts as the lower boundary of the coin’s current trading band. Despite a brief

October 23, 2025

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Revolut Gains MiCA License in Cyprus to Broaden Regulated Crypto Services Across Europe

Fintech giant Revolut has obtained the Markets in Crypto Assets (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), enabling the company to offer regulated cryptocurrency services throughout the European Economic Area (EEA), which comprises 30 countries. Serving over 65 million customers globally, Revolut emphasized that this regulatory approval reinforces its commitment to a compliance-first strategy in the crypto sector. The new license allows the firm to expand its portfolio of regulated digital asset offerings under the framework established by MiCA, which recently came into effect across the European Union, standardizing crypto market regulations. Revolut announced plans to launch

October 23, 2025

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Binance’s CZ Critiques Peter Schiff’s Tokenized Gold as Reliant on Trust

Changpeng Zhao, better known as CZ, the co-founder and former CEO of Binance, has publicly criticized Peter Schiff’s proposal to introduce a tokenized gold product. In a recent post on X (formerly Twitter), CZ characterized Schiff’s tokenized gold as a “trust-me-bro” asset, emphasizing its dependence on third-party custodianship rather than genuine onchain ownership. CZ explained that tokenized gold does not represent actual gold held on the blockchain but instead constitutes a promise that a third party will deliver physical gold at some future point. He highlighted the risks involved, noting that trust in these custodians might falter over time due

October 23, 2025

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MegaETH’s Pre-Market Valuation Rockets to $6 Billion as ICO Launches

MegaETH, an emerging Layer 2 network built on Ethereum, has announced the details of its third community-centric fundraising round. The initiative coincides with the introduction of MEGA pre-market perpetual futures on the Hyperliquid exchange, placing a significant spotlight on the project’s valuation and investor interest. The latest funding round adopts a unique pricing mechanism, starting with a baseline valuation of $1 million. Prospective investors will participate in an English auction format, which caps the maximum valuation at $999 million. In cases where demand surpasses the auction cap, the MegaETH team has expressed commitment to prioritizing its existing community members. Allocation