ReportWire

Tag: crypto

  • Ethereum Stays Steady Above Realized Value – Can Fresh Liquidity Fuel The Next Breakout?

    [ad_1]

    Ethereum (ETH), the second-largest cryptocurrency by market cap, continues to trade slightly below the psychologically important $4,000 price level, following the brutal drawdown on October 9, which saw the digital currency test the support at around $3,435.

    Ethereum Stays Above Realized Price – Bullish Momentum Soon?

    According to a CryptoQuant Quicktake post by contributor TeddyVision, Ethereum is trading above its Realized Price at approximately $2,300. Dubbing the price level a “fundamental support zone,” the analyst said that historically, any dips below this level have marked a capitulation phase.

    Related Reading

    For the uninitiated, Realized Price represents the average cost basis of all ETH holders, calculated by dividing the total value of all ETH at the time they last moved on-chain by the current circulating supply. 

    Realized Price effectively shows the “true” average price investors paid, serving as a key indicator of whether the market is in profit or loss. As long as ETH trades above Realized Price, the market structure is likely to remain bullish.

    The analyst also highlighted Ethereum’s Market Value to Realized Value (MVRV) ratio. Notably, ETH holders are currently, on average, at 67% profit relative to their cost basis. This metric gives two major hints about the current market.

    Source: CryptoQuant

    First, it shows that although the market is profitable, it is still far from “overheated” levels. Second, it indicates that market participants are confident about the market’s upward momentum, but not quite euphoric.

    To explain, the MVRV ratio compares the market value of an asset to its realized value. A higher MVRV indicates holders are sitting on larger unrealized profits – often signaling potential overvaluation – while a lower MVRV suggests undervaluation or market fear.

    Further, TeddyVision noted Ethereum’s reaction from the Upper Realized Price Band, which is currently located around $5,300. The analyst remarked:

    Price pulled back before reaching the “Overheating Zone. This isn’t a reversal – it’s a consolidation phase after distribution, a healthy cooldown without structural damage.

    Finally, spot inflows of ETH to crypto exchanges are also slowing down, hinting that the next leg up for the digital asset will likely depend on fresh liquidity, and not leverage. To sum it up, Ethereum is slowly moving from the distribution phase to the consolidation phase.

    Is It A Good Time To Buy ETH?

    While providing reliable future predictions in the crypto market remains a challenging task, fresh on-chain and exchange data point toward ETH regaining its bullish momentum. For instance, Binance funding rates recently hinted that ETH could surge to $6,800.

    Related Reading

    Similarly, ETH reserves on exchanges continue to fall at a rapid pace. Earlier this month, ETH supply on exchanges hit a multi-year low, increasing the probability of a potential “supply crunch” that can dramatically increase ETH’s price.

    That said, crypto analyst Nik Patel recently cautioned that ETH’s price correction may not yet be fully over. At press time, ETH trades at $3,849, up 0.3% in the past 24 hours. 

    ethereum
    Ethereum trades at $3,849 on the daily chart | Source: ETHUSDT on TradingView.com

    Featured image from Unsplash, charts from CryptoQuant and TradingView.com

    [ad_2]

    Ash Tiwari

    Source link

  • Pundit Drops Bombshell Exposé On Kadena Team After Closure Announcement Saw KDA Price Crash Over 60%

    [ad_1]

    This week, the cryptocurrency community was rocked after Kadena’s sudden shutdown announcement sent the KDA price crashing by over 60% in a few hours. The massive price collapse triggered an enormous sell-off as investors scrambled to understand the abrupt closure of the once-promising blockchain project. Soon after, a shocking exposé from analysts revealed that the problems ran far deeper than market conditions, hinting at serious internal misconduct and mismanagement. 

    Kadena Scandal Exposed After KDA Price Crash

    A day after the KDA price crash on Tuesday, crypto analyst Lovrin revealed on X social media that several Kadena employees were allegedly caught shorting the token with leverage just before shutdown announcements, securing tens of millions of dollars in profits. The reports indicate that crypto exchanges purportedly facilitated these trades, painting a picture of coordinated internal manipulation. 

    Related Reading: Most Coordinated Attack In Crypto History? What Led To $19 Billion In Losses As Bitcoin Price Crashed

    Adding fuel to the scandal, a viral X post from crypto market commentator @Katexbt exposed additional allegations against the Kadena leadership. The post claimed that the Kadena founders, Stuart Popejoy and Will Martino, were allegedly sued by family members over a personal loan used to fund Kadena, raising questions about its financial transparency from the outset. 

    Katexbt asserted that the blockchain was effectively non-functional, claiming a throughput of 480,000 transactions per second, yet it lacked real users or wallets. Partnerships and institutional involvement that were publicly promoted were reportedly exaggerated or fabricated, adding further doubts about the legitimacy of the Kadena project.

    Source: Chart from Lovrin on X

    The team also allegedly hired a KOL agency, prioritizing selling tokens for real money over paying the marketing firm for its services. Additional allegations point to complex ties between Kadena’s leadership and affiliated companies, including the Kaddex domain, which was said to have been registered under Popejoy’s Kadena Eco’s family golf club in Italy. 

    Katexbt claimed that the blockchain project was slapped with a lawsuit at some point, but it made little difference as the team hid behind a maze of LLCs. Even more shocking, the crypto commentator alleged that the Kadena team had worked with Francesco Melpignano, the former CEO of Kadena Eco, to extract large amounts of KDA, which were then sold near peak prices, netting an estimated $20 million to $80 million in profits. Following this, community members reportedly ousted Melpignano, though Katexbt alleges that the former CEO remains on a shell company’s payroll.

    About The Kadena Shutdown

    On Tuesday, Kadena released a public statement confirming the cessation of all business operations. The team stressed that, despite the organization’s wind-down, the Kadena blockchain would continue to operate independently under a decentralized model. 

    Related Reading: $19 Billion Bitcoin And Crypto Wipeout: What Caused The XRP Price To Crash 50% In A Single Candle?

    The announcement described the closure as a response to market volatility and unfavourable conditions, expressing gratitude to staff, partners, and the community. The Kadena team clarified that the blockchain itself was not owned or operated by the company, emphasizing that independent miners and maintainers would govern it in the future. They also noted that about 566 million KDA remain to be distributed as mining rewards through 2139, while 83.7 million tokens are scheduled to come out of lockup by November 2029.

    Cryptocurrency
    Overall cryptocurrency market at $3.64 trillion | Source: TOTAL on Tradingview.com

    Featured image from Getty Images, chart from Tradingview.com

    [ad_2]

    Scott Matherson

    Source link

  • Cryptocurrency exchange Cryptomus fined record $177M by Fintrac – MoneySense

    [ad_1]

    The $176,960,190 eclipses the previous record—roughly $20 million—for a fine imposed by Fintrac. That penalty was given to Peken Global Ltd, the operator of another cryptocurrency firm, KuCoin, in September.

    “Given that numerous violations in this case were connected to trafficking in child sexual abuse material, fraud, ransomware payments, and sanctions evasion, Fintrac was compelled to take this unprecedented enforcement action,” director and CEO Sarah Paquet, said in a statement about the Cryptomus penalty.

    Thousands of crypto transactions unreported

    In a statement, the company said it is co-operating with the regulator and taking necessary measures in accordance with their decision.
    The agency found 1,068 instances where Cryptomus did not submit reports for July 2024 transactions involving known darknet markets and virtual currency wallets with ties to the criminal activity Paquet described. Darknet markets are online and often anonymous platforms where illegal goods and services are sold. Virtual currencies also mask the identity of their holder, making both them and the darknet markets havens for criminal activity.

    Fintrac said Cryptomus didn’t just violate money laundering laws when it failed to flag suspicious transactions, it also committed a violation when it failed to report 7,557 transactions originating from Iran between July 1 and Dec. 31, 2024. Because of ministerial directives linked to financial transactions associated with the Islamic Republic of Iran, Cryptomus was supposed to treat these transactions as high risk.

    It was also required to verify the identity of the sender(s)/beneficiary(ies), exercise due diligence, maintain a record of the transactions, and report them to Fintrac, yet the agency said none of those obligations were fulfilled. Furthermore, Fintrac found 1,518 transactions in July 2024 that met the $10,000 threshold at which companies have to report a large transfer of virtual currency. Fintrac said these instances went unreported by Cryptomus, which also had “incomplete and inadequate policies and procedures” that created deficiencies in how the company handled ongoing monitoring and “know-your-client” obligations.

    The best crypto platforms and apps

    We’ve ranked the best crypto exchanges in Canada.

    Case underscores rising scrutiny of crypto compliance

    Adam Garetson, a partner at Gowling WLG, who leads its digital assets group, says the scale of the fine seems to be a result of both the seriousness of the allegations and how many times the rules were apparently violated. “The allegations of non-compliance were huge just from a volume perspective. They’re also allegations of evidence showing direct links to criminal activity, and flows of funds to sanctioned countries which were seemingly on a regular basis,” he said. “So these are some pretty egregious allegations in terms of non-compliant activity.”

    He said the allegations are in sharp contrast to what he’s seeing generally in the Canadian crypto trading market, where operators are complying with anti-money laundering rules as well as Canadian securities regulations. The size of the fine against Cryptomus comes as both Canadian and international regulators are seeing more support for greater fines and sanctions to crack down on illicit finance, he said. 

    Whether the regulator will be able to collect on the penalties is another question, since the company seems to have limited ties to Canada beyond its registration, with no employees apparently based in the country. Garetson said that there is at least rising co-operation among anti-money laundering regulators globally to increase the chances that recovery could occur. 

    Article Continues Below Advertisement


    Paquet said in her statement that Fintrac is committed to working with both domestic partners and international allies to protect the safety of Canadians. 

    Record year for Fintrac enforcement actions

    Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, businesses ranging from financial institutions to real estate brokers and casinos must keep certain records, identify clients, maintain a compliance regime, and report financial transactions meeting specific criteria to Fintrac. The Wednesday fine is the latest reprimand Cryptomus has faced. The B.C. Securities Commission temporarily banned the firm in May from trading securities and other market activities.

    In 2024-25, Fintrac issued 23 violation notices to business that didn’t comply. It was the largest number of notices issued in one year in its history and amounted to more than $25 million in penalties. Fintrac has imposed more than 150 penalties since it received the legislative authority to do so in 2008.

    Get free MoneySense financial tips, news & advice in your inbox.



    About The Canadian Press


    About The Canadian Press

    The Canadian Press is Canada’s trusted news source and leader in providing real-time stories. We give Canadians an authentic, unbiased source, driven by truth, accuracy and timeliness.

    [ad_2]

    The Canadian Press

    Source link

  • Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets

    [ad_1]

    As Bitcoin (BTC) continues to trade in the high $100,000 range following the October 9 crypto market crash, some bullish signs are starting to emerge. Notably, stablecoin reserves on leading crypto exchanges like Binance are entering all-time high (ATH) territory, hinting at a potential rally for BTC.

    Stablecoin Reserves Rise – Will Bitcoin Benefit?

    According to a CryptoQuant Quicktake post by contributor PelinayPA, Binance stablecoin reserves are approaching ATH levels, indicating that investors are ready to deploy funds to accumulate BTC at current or lower levels.

    Related Reading

    The CryptoQuant analyst highlighted the rapidly falling Bitcoin-Stablecoin Ratio (ESR). For the uninitiated, the ESR measures the proportion of Bitcoin reserves to stablecoin reserves on exchanges like Binance.

    The ratio also gives hints about the market’s potential buying power and selling pressure. Past data shows that whenever the ESR falls sharply during market volatility, BTC’s price tends to surge.

    Essentially, a declining ESR means that stablecoin reserves are growing in comparison to BTC reserves on exchanges. This shows an increase in available “dry powder” on exchanges, which can quickly be used to buy more BTC and initiate another bull rally.

    Conversely, when the ESR rises, it means that stablecoin reserves are falling while BTC supply on exchanges is increasing. This points toward an increase in short-term selling pressure as traders deposit BTC to exchanges to sell.

    Currently, the ESR has fallen to historically low levels, implying that Binance holds relatively large stablecoin reserves compared to BTC reserves. According to PelinayPA, such a setup can have two interpretations:

    In a positive scenario, the abundance of stablecoins suggests significant latent buying power. If market confidence returns, this could trigger a strong wave of buying pressure and mark the start of a new bullish phase.

    Meanwhile, the negative scenario assumes that this liquidity would remain inactive, reflecting investor hesitation and a market in standby mode after the recent bloodbath that resulted in liquidations worth $19 billion.

    Source: CryptoQuant

    Will The Gold Rotation Help BTC?

    Following the crypto market crash earlier this month, which sent BTC from an ATH of more than $126,000 all the way down to $102,000, several whales faced liquidations. Despite the crash, some analysts are confident that the BTC top is not in yet.

    Related Reading

    One of the factors that can significantly benefit BTC in the near term is the capital rotation from gold to the digital asset. In a new report, Bitwise predicted that capital rotation from gold into BTC could propel it to $242,000.

    That said, veteran trader Peter Brandt recently forecasted that BTC could crash 50% from current price levels. At press time, BTC trades at $108,268, down 0.3% in the past 24 hours.

    bitcoin
    Bitcoin trades at $108,268 on the daily chart | Source: BTCUSDT on TradingView.com

    Featured image from Unsplash, charts from CryptoQuant and TradingView.com

    [ad_2]

    Ash Tiwari

    Source link

  • Bitcoin Enters ‘Disbelief Phase’ – Could Short Sellers Face The Next Squeeze?

    [ad_1]

    After the massive crash on October 10 – which saw Bitcoin (BTC) touch $102,000 before recovering some losses – some analysts now predict that the top cryptocurrency may be on the verge of another bullish rally as it enters the ‘disbelief phase.’

    Bitcoin In Disbelief Phase – Trouble For Bears?

    According to a CryptoQuant Quicktake post by contributor Darkfost, Bitcoin appears to be entering the disbelief phase, which increases the possibility of a rebound to the upside. The contributor emphasized the slightly negative funding rate to support their analysis.

    Related Reading

    For the uninitiated, the Bitcoin disbelief phase occurs when a new uptrend begins, but most investors remain skeptical after a recent correction, doubting that the recovery is real. During this phase, lingering bearish sentiment and short positions often act as fuel for a stronger rally once confidence returns.

    Darkfost stated that investors’ skepticism toward BTC returning to bullish mode can be gauged through BTC funding rates in the derivatives market. Funding rates remained negative at -0.004% on the exchange for six out of seven days over the past week, indicating traders are still slightly bearish.

    Source: CryptoQuant

    The likely reason behind traders’ short bias is the October 10 crypto market crash that led to a liquidation worth $19 billion. Since then, traders have consistently chosen to short the market instead of getting trapped in another price pullback.

    However, the longer BTC remains in the disbelief phase, the stronger the potential for an explosive upside move becomes. Darkfost added:

    If the current uptrend continues to establish itself, the growing pile of short positions against it could become a powerful fuel for the next leg higher. As these shorts get liquidated, it would drive prices upward, triggering a short squeeze.

    If a short squeeze happens, then BTC could quickly rally to major liquidity zones around $113,000 level, and even as high as $126,000 region, where significant short orders liquidations are clustered.

    The analyst shared two previous instance where such a pattern played out. In September 2024, BTC fell to $54,000 before surging to a new all-time high beyond $100,000.

    Similarly, in April 2025, the flagship digital asset rallied from $85,000 to $111,000, before climbing even higher to $123,000. To conclude, the Bitcoin market may be on the verge of another short squeeze, fueled by investors’ skepticism.

    BTC Investors Need To Be Cautious

    Although BTC is giving hints of a looming short squeeze, investors should still exercise some caution before entering the market in hopes of an instant turnaround in sentiment. For example, Bitcoin activity recently slumped below its 365-day average, raising fears of a loss of momentum.

    Related Reading

    That said, some crypto analysts forecast that BTC is likely done with the price correction and is set to surge in the coming days. At press time, BTC trades at $110,814, up 2.8% in the past 24 hours.

    bitcoin
    Bitcoin trades at $110,814 on the daily chart | Source: BTCUSDT on TradingView.com

    Featured image from Unsplash, charts from CryptoQuant and TradingView.com

    [ad_2]

    Ash Tiwari

    Source link

  • Ethereum Foundation Researcher’s Pivot Highlights Growing Cultural Divide in Crypto

    [ad_1]

    On Friday, Ethereum Foundation Researcher Dankrad Feist announced he will be joining the stablecoin-focused blockchain startup Tempo, which was incubated via a partnership between fintech giant Stripe and crypto investment firm Paradigm. In response, some of the crypto purists on social media, most notably and understandably those who build on Ethereum, shared their disappointment, while others simply saw it as a sign of the times in terms of where the industry is headed more generally.

    The reaction to this recent move by Feist is an illustration of the greater cultural divide that has been growing in crypto over the past few years as more of this technology is built around increasingly centralized vectors of control. While Satoshi Nakamoto’s original Bitcoin whitepaper and other early writings discussed the need for a new system built on “cryptographic proof instead of trust” and the problems with traditional systems being related to “all the trust that’s required to make it work,” much of the more recent activity in crypto has involved centrally-issued stablecoins as poker chips in a meme coin casino.

    Big Tech Taking Over Crypto?

    Much of the growth around crypto networks like Ethereum has been centered around centralized stablecoins, which operated in somewhat of a legal grey area in the U.S. prior to the passage of the GENIUS Act earlier this year. With greater regulatory clarity established around these digital dollars, there has been an increase in various developments around so-called “stablechains,” which are focused on these bank-backed dollar tokens rather than crypto-native, permissionless assets.

    Circle and Tether are the two largest stablecoin issuers via their respective USDC and USDT tokens. Earlier this year, Circle announced the creation of their own layer-one blockchain called Arc. Additionally, Tether and its affiliates have supported the development of at least two blockchains where USDT is the native gas token, namely Stable and Plasma.

    More well-known players in the fintech industry are also getting involved, with Coinbase, Stripe (Tempo), PayPal, and Robinhood all either announcing or already having launched their own blockchain platforms or other expansions into the crypto market. Google Cloud and Cloudflare also have their own blockchain offerings at different stages of development that are focused on payments for artificial intelligence agents. Some of these platforms are being built as secondary layers on top of Ethereum, while others are completely separate blockchain networks.

    Cypherpunk Use Cases Aren’t Popular

    As big tech giants and other notable players get involved in building out their own blockchain networks where they can have more control and extract more value, the cypherpunk values Satoshi wanted to infuse into Bitcoin, such as privacy and censorship resistance, have struggled to gain the hearts and minds of the general public. Sure, the bitcoin price recently hit a new all-time high once again (before subsequently dropping more than 15%); however, much of the recent bull run has been built around centralized, regulated financial products such as the publicly-traded exchange-traded funds (ETFs) from the likes of BlackRock and bitcoin treasury companies such as Strategy.

    There are still pockets of activity in crypto that are relatively faithful to the Satoshi vision. Not all use cases reintroduce trusted third parties by building everything around centralized stablecoins or throw away privacy by putting too much financial data on public blockchains. This is becoming an increasingly smaller percentage of overall activity, however, when compared to speculation on dubious token offerings or further empowering financial institutions with new technology that allows them to avoid strict anti-money laundering regulations as long as they put their customers on a database they call a blockchain.

    Bitcoin itself has remained somewhat resistant to corporate influence at the protocol level, as shown by the resolution of its internal block size war back in 2017. However, Ethereum’s reliance on stablecoins is becoming an increasingly hard-to-ignore issue that is worth watching, as the issuers of these tokens have an incentive to use their centralized point of control to extract as much value as possible from this technology.

    As seen by the recent “stablechain” phenomenon, this may include a desire to cut the open Ethereum network out of the picture entirely. Contrastly, Bitcoin’s main problematic point of centralization in terms of third-party custodians still requires those custodians to use the Bitcoin network.

    While people are still able to use these technologies in the permissionless, non-custodial manner Satoshi originally intended, the crypto industry as a whole is increasingly turning into a way for centralized financial entities to empower themselves rather than individual users.

    [ad_2]

    Kyle Torpey

    Source link

  • Bitcoin Holding Above Gaussian Channel, Bull Market Structure Still Intact

    [ad_1]

    Bitcoin is trading around $107,000 after its recent flash crash, maintaining stability to prevent further decline but is yet to return to trading above $110,000. Notably, popular crypto analyst Titan of Crypto shared a detailed Gaussian Channel analysis on X that points to Bitcoin’s macro bull structure remaining intact despite short-term volatility. His post, which was accompanied by a Bitcoin price chart, shows how Bitcoin’s position relative to the Gaussian Channel offers a clear view of the ongoing cycle.

    Related Reading

    Bull Market Intact Above Gaussian Channel

    Titan of Crypto noted that Bitcoin’s placement above the Gaussian Channel represents strength in the long-term trend. As shown in the weekly candlestick price chart below, the green channel corresponds to bullish phases, while red regions represent bearish downturns, a prime example being the 2022 bear market. 

    At the time of writing, the upper band is positioned around $101,300 and trending upward. Therefore, Bitcoin’s price action around $107,000 means that it is yet to break into the Gaussian channel and its overall market structure is still solid. From this, it can be inferred that Bitcoin’s current pullback from the October 6 all-time high above $126,000 is only a temporary pause within a larger bull market.

    Bitcoin Gaussian Channel. Source: Titan of Crypto on X

    However, although the Gaussian Channel reading looks favorable, Titan of Crypto noted that the indicator should not be treated as a trading trigger. “It’s not a buy signal, it’s a macro context indicator,” he stated. Being above the Gaussian Channel doesn’t necessarily equate to buying more. It simply means the bull market structure is still intact. 

    The Gaussian Channel works best when combined with other indicators such as trading volume, moving averages, and on-chain accumulation trends to confirm directional momentum.

    BTCUSD currently trading at $108,099. Chart: TradingView

    Coinbase Premium Gap Turns Red

    Speaking of other indicators, on-chain data from CryptoQuant shows that the Coinbase Premium Gap, a metric comparing Bitcoin’s price on Coinbase versus other exchanges, has turned red. As shown in the chart below, Coinbase’s Premium Gap went on a sharp decline from positive premium levels above +60 earlier in the week to as low as -40 when the Bitcoin price fell to $101,000.

    Bitcoin: Coinbase Premium Gap

    Interestingly, the Coinbase Premium Gap has increased to around -10 at the time of writing, meaning US investors are starting to turn bullish again. This can be seen as a bullish signal, as similar dips in US demand were recorded between March and April before the Bitcoin price eventually rallied more than 60% to reach new all-time highs.

    Related Reading

    However, a red Coinbase Premium Gap alone is not decisive. It should be interpreted alongside other data points, including ETF inflows, trading volume, liquidity, and derivatives funding rates. At the time of writing, Bitcoin was trading at $107,120.

    Featured image from Vecteezy, chart from TradingView

    [ad_2]

    Scott Matherson

    Source link

  • XRP Wallets Holding Over 10,000 Tokens Hit Record High Amid Price Recovery

    [ad_1]

    XRP has shown some signs of recovery over the past 48 hours, climbing about 5.3 % from its recent low, according to on-chain analytics platform Santiment. The rebound comes as investor confidence appears to be returning, as it coincides with a steady rise in mid to large-sized XRP holders. Particularly, on-chain data shows that the XRP ecosystem now has more than 317,500 wallets holding at least 10,000 XRP tokens for the first time in its history.

    Related Reading

    Mid To Large XRP Holders Reach Record 317,500 Wallets

    Despite XRP’s recent price woes alongside the rest of the crypto market, on-chain data shows that XRP’s holder base is increasing among crypto investors. Notably, Santiment’s latest data shows that the number of XRP wallets holding at least 10,000 tokens has reached an all-time high of approximately 317,500. 

    Santiment’s data chart, as shown below, indicates that XRP’s network has added approximately 1.8% more wallets holding 10,000 or more tokens in just the last thirty days. Interestingly, Santiment’s data further shows that the upward slope of this metric has been consistent throughout 2025.

    The increase in mid-sized and large wallet count shows that many XRP investors are not concerned about the recent price dips. Instead, many of them are taking advantage of lower prices to strengthen their holdings. As such, a growing segment of investors are buying XRP for long-term gains rather than short-term price action.

    XRP, which is currently hovering around the $2.35 range, may benefit from this growing base of committed holders in the long term. Its price trajectory now depends on its ability to sustain momentum above $2.3. If the bullish on-chain sentiment translates into consistent buy pressure, XRP could extend its rebound and target at least $2.8 before the end of the week.

    XRPUSD now trading at $2.32. Chart: TradingView

    However, if momentum stalls, the price may enter another downward phase before an upward move. Nonetheless, the record growth in wallets holding over 10,000 XRP provides a strong long-term foundation that may support the cryptocurrency’s value in the coming weeks.

    Number of 10K+ XRP Wallets. Source: Santiment

    Ripple’s Acquisition Of GTreasury Adds Institutional Momentum

    Ripple Labs, the company behind XRP, recently announced the acquisition of GTreasury for $1 billion, making this its third-biggest deal in 2025. The deal will bring GTreasury’s treasury-management software, used by global corporations to manage liquidity, cash forecasting, payments and risk, into Ripple’s infrastructure suite.

    Related Reading

    GTreasury serves over 1,000 customers across about 160 countries and has more than 40 years’ experience in corporate treasury operations. The move gives Ripple immediate access to the multi-trillion-dollar corporate treasury market and large enterprise clients previously outside its direct reach. There are also reports that Ripple is planning to raise $1 billion to build an XRP treasury.

    At the time of writing, XRP was trading at $2.35.

    Featured image from Unsplash, chart from TradingView

    [ad_2]

    Scott Matherson

    Source link

  • Bitcoin’s Creator Just Took A $20 Billion Hit — If He’s Still Watching

    [ad_1]

    They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

    Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

    Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

    So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

    Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

    Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

    Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

    Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

    So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

    [ad_2]

    Christian Encila

    Source link

  • Bitcoin Bull Run Coming To An End: Cycle Peak Countdown Signals 99.3% Completion

    [ad_1]

    After a turbulent few days, Bitcoin (BTC) has resumed its downtrend, currently retracing toward $111,000. This marks a 12% decline from its recent peak of $126,000, which raises concerns among market experts who suggest that the bull run may be closer to its end than many investors believe.

    End Of Bitcoin Bull Cycle Within Nine Days?

    On October 14, market analyst CryptoBirb, took to social media platform X (formerly Twitter) to assert that the bullish cycle is nearing its conclusion, stating that it may end within the next nine days. 

    He referenced the Cycle Peak Countdown indicator, which suggests that Bitcoin is 99.3% through its current cycle, having lasted 1,058 days. According to CryptoBirb, this final stage is characterized by a “textbook shakeout of weak hands,” a common pattern observed before market peaks. 

    Related Reading

    CryptoBirb emphasized that October 24 serves as a critical target date, just nine days away, and labeled the recent crash as “right on schedule.” He further explained that the market is deep within the peak zone, with 543 days elapsing since the last Bitcoin Halving, exceeding the historical peak window of 518 to 580 days. 

    Bitcoin price performance after its Halving. Source: CryptoBirb on X

    The sentiment in the market also appears to have shifted dramatically, with the Fear & Greed Index plummeting from 71 to 38, indicating a reset from fear to euphoria. The Relative Strength Index (RSI) also dropped from 67 to 47, suggesting that this emotional washout may create an ideal launchpad for a final euphoric surge. 

    However, technical indicators show mixed signals: while the Average True Range (ATR) has expanded to 4,040, indicating higher volatility, the RSI’s position at 47 suggests a reset momentum. 

    What On-Chain Metrics Suggest

    Institutional investors have also begun to shift their strategies, as evidenced by recent Bitcoin Exchange-Traded Fund (ETF) flows, which reversed from $627 million in inflows to $4.5 million in outflows. 

    Ethereum ETF outflows reached $174.9 million, indicating that smart money is taking profits before retail investors potentially fear of missing out (FOMO) in. CryptoBirb asserts that this behavior aligns with a classic distribution-to-accumulation transition.

    Related Reading

    On-chain metrics reflect a cooling market, with the Net Unrealized Profit/Loss (NUPL) dropping to 0.522 from 0.556, and the Market Value to Realized Value (MVRV) declining to 2.15 from 2.45. These profit-taking actions may be creating the necessary space for a final euphoric push. 

    When examining October’s performance, Bitcoin is down 2.09% month-to-date, contrasting sharply with its historical average of a 19.78% increase. This underperformance could actually be a bullish sign, suggesting that a significant move may still be on the horizon in the final weeks of the month.

    In summary, the current cycle appears to be 99.3% complete. It has already spent 25 days in the peak zone and experienced a reset in sentiment and institutional distribution, as well as weak performance in October. However, if the analyst’s thesis proves right, this blending could turn into a perfect storm for a final surge before entering a new crypto winter. 

    Bitcoin
    The daily chart shows BTC’s increased volatility met with major price swings. Source: BTCUSDT on TradingView.com

    Featured image from DALL-E, chart from TradingView.com 

    [ad_2]

    Ronaldo Marquez

    Source link

  • Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US

    [ad_1]

    Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

    Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

    Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

    One of Ronaldo’s defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

    Ronaldo’s commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo’s writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

    Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

    However, Ronaldo’s aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

    Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

    With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

    [ad_2]

    Ronaldo Marquez

    Source link

  • Bitcoin Market Feels “Too Efficient” As Arbitrage Opportunities Vanish – What It Means For Price?

    [ad_1]

    As Bitcoin (BTC) tries to recover from its weekend sell-off that saw it almost crash to $100,000, some crypto analysts think that the BTC market likely “lost its pulse.” As a result, the leading cryptocurrency may be on the cusp of losing its bullish momentum.

    Bitcoin At The Risk Of Losing Momentum?

    According to a CryptoQuant Quicktake post by contributor TeddyVision, Bitcoin’s Inter-Exchange Flow Pulse (IFP) has been trending lower, confirming that inter-exchange activity is slowly fading.

    Related Reading

    For the uninitiated, the IFP measures liquidity as it moves between crypto exchanges. In essence, it can be considered a proxy to determine how active arbitrage and market-making really are.

    To explain, arbitrage refers to the practice of buying an asset for a lower price on one platform and selling it at a higher price on another, thus benefiting from the price differential. In simple terms, arbitrage refers to profiting from inefficiencies.

    When such inefficiencies exist in the market and are actually executable, liquidity tends to start moving fast. At the same time, trading bots begin shuttling funds across platforms, market spreads begin to realign again, and the market starts to feel “alive.”

    This is when the IFP rises. Although there is greater market volatility due to a rising IFP, it is generally considered healthy for the market as it confirms that BTC is likely experiencing a bullish momentum.

    However, since the IFP reading has turned lower in recent weeks, traders are finding it harder to arbitrage price discrepancies even though they might still be appearing. TeddyVision noted:

    Price discrepancies still appear, but they’re harder to arbitrage – liquidity is thinner, latency is higher, and risk-adjusted opportunities are drying up. Traders find fewer setups worth taking, and less capital circulates between venues.

    The analyst emphasized that liquidity is not leaving the market, it is just not circulating like earlier. While such a slowdown in liquidity does not crash the market, it does drain the energy out of it.

    Source: CryptoQuant

    To conclude, the market is not collapsing, it is just “too efficient” at the moment for traders to find any meaningful arbitrage opportunities that they can benefit from. When inefficiencies leave the market, the underlying asset is likely at risk of losing its momentum.

    A Healthy Correction For BTC?

    The market crash on October 9 led to the largest single-day liquidation ever in the history of the crypto industry, totalling a mammoth $19 billion. While the overall optimism has receded, some analysts are still hopeful of a quick sentiment turnaround.

    Related Reading

    Fellow crypto analyst EtherNasyonaL stated that BTC has maintained its upward trajectory despite the recent market crash, and that a move to a new all-time high (ATH) may be on the horizon. At press time, BTC trades at $111,731, down 2.3% in the past 24 hours.

    bitcoin
    Bitcoin trades at $111,731 on the daily chart | Source: BTCUSDT on TradingView.com

    Featured image from Unsplash, charts from CryptoQuant and TradingView.com

    [ad_2]

    Ash Tiwari

    Source link

  • Meet the MemeCoin Traders Risking Everything to Retire Their “Whole Bloodline”

    [ad_1]

    Attention has always been valuable but difficult to price. A blue check on Instagram promises credibility; a large follower count or a viral moment can open a world of opportunity. Attract as many eyeballs as you like, but there was never any way to cash in on the gaze itself. “So it’s just the next phase,” says Bark, a crypto influencer who, according to a woman who knows him, is running what amounts to “a full-blown cult” on X. (“Anything he tells his audience to do, they’ll do,” she says. “You make people money, they’ll worship you.”)

    “Having clout and followers and blue check marks had value, but there was no way you could put a dollar on it,” Bark continues. “Now we’re putting a dollar on it.”

    This may be why people who spend most of their time making products that live on the internet are drawn to the world of crypto, where even micro-influencers can create tokens tied to their online popularity.

    One such influencer is a guy called Fluffy, who, when I met him at Meme House LA, gave the impression of an ebullient, larger-than-life Nintendo Mario, dressed in red-and-white-striped overalls and a red cap. Fluffy has his own meme coin, which, he says, “is so stressful because my face is on it. If this coin goes bad, it ruins my whole persona in Web3.” When Fluffy starred in a commercial for a crypto company called Bullpen earlier this year, his token’s total value increased from $28,000 to $40,000 because, as he puts it, “people saw me as the commercial, they saw that I was actually putting in work trying to entertain the world, which correlated to the token getting bought, and that makes me feel good.”

    There is an annoying problem with the nature of attention, however. It tends to alight on the collective imagination with seemingly capricious randomness. But what if you could control where attention was headed next? This, in the view of Amy Street, a former kindergarten teacher who became a crypto influencer after flipping two NFTs for a combined $18,000, is the current trajectory. “I’m not in control of whether or not Elon Musk uses the phrase DOGE over and over again or if Labubus are cool in two months,” she says. “But I do control if I’m gonna get a tattoo of an eggplant on my stomach. And if there is money on the line, people are gonna do some crazy stuff. Bull runs create hunger for money, and people do crazy things and put up a lot of money.”

    That comment about the eggplant tattoo is something Street picked up from a crypto company she’s working with called Dare Market, which has yet to launch. The idea is in the name: a market of dares where people pay bounties that others cash in on by recording themselves performing crowdsourced challenges. These dares, according to the company’s founder, Isla Rose Perfito, a bubbly blond 29-year-old living in New York, could include things like breaking into a Scientology center, moving into a McDonald’s for 24 hours, and getting people to streak at the Super Bowl. “The goal,” says Perfito, “is to break the internet. It’s like Black Mirror/Jackass coded but still super relatable. It’ll give you the feeling that you can change the world and the adrenaline rush of driving a fast car.”

    [ad_2]

    Zoë Bernard

    Source link

  • Binance Explains Market Crash and Reimburses Users $283M

    [ad_1]


    Users affected by collateral liquidations, Earn products, and transfer delays received full refunds within 24 hours.

    Binance has announced that it has compensated affected users with approximately $283 million following the recent October 10 market meltdown.

    The company also shared that the situation had been caused by a brief technical glitch on the same day that resulted in temporary disruptions and de-pegging in some cryptocurrencies.

    What Really Happened During the Crash

    On October 12, the exchange released a statement explaining the extreme price swings that took place after global economic events triggered heavy sell-offs across the cryptocurrency market.

    The crash had traders panic-selling across several platforms, leading to over $7 billion in liquidations in the first hour. As a result, Bitcoin, Ethereum, and other major digital assets plunged, while synthetic tokens like USDE and BNSOL lost their pegs.

    However, Binance said it compensated affected users within 24 hours and later determined that its platform played only a minor role in the overall decline.

    “The forced liquidation volume processed by Binance platform accounted for a relatively low proportion to the total trading volume, indicating that this volatility was mainly driven by overall market conditions,” the company said.

    Customers who lost funds through collateral liquidations were fully reimbursed, while those affected by delays in internal transfers or Earn product redemptions will also receive refunds.

    In total, the crypto giant paid out $283 million to users impacted by the de-pegging of its Earn products tied to USDE, BNSOL, and WBETH. It also clarified that the crash happened before the peg disruption, not because of it.

    You may also like:

    “The extreme market downturn occurred before the de-pegging. Records show that during the market sell-off, prices fell to their lowest point between 2025-10-10 21:20 and 21:21 (UTC), while the severe de-pegging occurred after 21:36 (UTC) on the same day,” read the statement.

    Binance Addresses Sudden Price Drops

    There have also been concerns about sudden price drops in some spot trading pairs. Binance claimed it had carried out investigations which revealed that the declines happened when old limit orders, some placed as far back as 2019, were triggered during the sell-off at a time when there were very few buy orders. This caused brief moments where certain token prices nosedived before returning to normal levels.

    The statement also explained that the “zero price” seen in pairs like IOTX/USDT was a display issue caused by recent changes to the number of decimal places allowed for price movements.

    Binance said it is now fixing the user interface and improving its systems to prevent similar problems in the future. The company confirmed that its API was not affected during the incident and emphasized its commitment to transparency and ongoing system improvements.

    Friday’s market dip is now considered the largest liquidation event in cryptocurrency history. Triggered by President Trump’s threat of a 100% tariff on Chinese tech imports, the event wiped out over $19 billion in leveraged positions within 24 hours, impacting more than 1.6 million traders globally.

    The incident erased nearly $1 trillion in market capitalization within three hours, with analysts noting that the size of sell-offs surpassed previous collapses like Terra Luna and FTX.

    SPECIAL OFFER (Sponsored)

    Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

    LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

    [ad_2]

    Wayne Jones

    Source link

  • Bitcoin Whale Breaks 13-Year Silence, Moves $33 Million To Exchange

    [ad_1]

    A long-dormant Bitcoin stash moved into an exchange this week, renewing worries about old coins re-entering the market and the effect that could have on prices.

    Related Reading

    Mt. Gox Origins And Staggering Returns

    According to blockchain tracker Lookonchain, a cluster of addresses tied to coins pulled from Mt. Gox more than 13 years ago sent 300 BTC to Binance in a single transaction.

    Those coins were reportedly bought at about $11 each, meaning the original outlay was roughly $8,151. The transfer is now worth about $33.47 million, a mark-up of roughly 410,624%. Reports have disclosed that about 590 BTC still remain in the same group of addresses.

    Wallet Activity And What Changed

    Last year, the same owner moved 159 BTC into a new wallet and then left it untouched. This recent move is different because the coins arrived in an exchange hot wallet, where they can be sold quickly.

    Traders and market watchers noted the difference: one action kept coins on the chain, the other put them within reach of an order book. Whether the owner chooses to sell some or all of the 300 BTC is not known, but the presence of those funds on Binance makes rapid selling possible.

    Market Moves And Flows

    Bitcoin’s price recovered to about $115,000 on Monday, after dipping to $102,000 on Friday. That drop triggered billions in liquidations and left traders on edge.

    Based on figures, ETFs recorded $2.7 billion in inflows over the last week, and institutional demand showed resilience despite the volatility. Still, the market’s calm is fragile; a large sell order from an old holder could change short-term supply dynamics quickly.

    BTCUSD now trading at $114,199. Chart: TradingView

    The move was flagged by on-chain analysts and then amplified across social platforms. Exchange inflows from wallets tied to early-era miners or Mt. Gox addresses tend to draw attention because they signal supply that was previously dormant coming back into circulation. In this case, the numbers are large enough to get traders’ attention.

    Possible Scenarios And Risks

    If some of the 300 BTC is sold, price pressure may increase, particularly during thin trading windows. Alternatively, the transfer could be part of estate consolidation or a decision to move funds to cold storage, in which case selling may not follow.

    Related Reading

    Market participants will watch wallet behavior closely: rapid withdrawals to multiple exchange addresses, for example, would likely be interpreted as a selling sign.

    Featured image from Gemini, chart from TradingView

    [ad_2]

    Christian Encila

    Source link

  • If You Can Read This, You’re About to Get Scammed

    [ad_1]

    Did you find this article by typing in the name of a website associated with Elon Musk? Did it sound like you could invest in SpaceX, Neuralink, or one of Musk’s AI ventures like Grok and xAI? It’s fake. It’s 100%, without a doubt, completely fake.

    I know you may not believe it, but please read on. Because this article could save you from losing a lot of money. Elon Musk is a very wealthy man. He’s worth $500 billion, according to Forbes, making him the wealthiest person on the planet. But Musk does not have a website dedicated to making other people rich.

    You may have seen an ad on Facebook or maybe a video on Instagram, TikTok, or YouTube. It may have even looked like Elon Musk was talking about some amazing investment opportunity. Maybe it looked like Elon was raising money for a sick child. You may have even been asked to send money through gift cards or a bitcoin ATM. But it was fake. You need to believe us. Because it’s true.

    Musk does not have a website selling cryptocurrencies. He doesn’t have a website for trading stocks. He doesn’t have a public website selling shares of his private companies like SpaceX, Neuralink, xAI, and X. The promotional video you saw is fake and probably used artificial intelligence tools to make it look like Elon Musk was saying something he never said.

    People are losing millions

    Did someone reach out to you on a social media site like Facebook or Instagram claiming to be Elon? Did they tell you to talk with them over Signal or Telegram or WhatsApp? That person is a scammer. Elon Musk does not reach out to people on websites and ask them for money. And if they haven’t already asked you to send money, that part is coming.

    Again, you might be skeptical. A lot of people want to believe that Elon Musk is offering ways for the average person to become rich. But he’s not. Among other reasons, he doesn’t have time.

    Here at Gizmodo, we’ve written about scammers impersonating Elon Musk for years.

    • There was the woman in Washington who lost $63,000 because she thought she was talking to Elon.
    • There was the man in North Carolina who drained his 401k of over half a million dollars.
    • There was the person who lost over $18,000 watching a video livestream they thought was for Tesla.
    • There was also the Florida principal who sent an Elon Musk scammer a check for $100,000.

    People have literally been losing millions of dollars to scammers over the years because they thought they were investing in something approved by Elon Musk. But it was all fake.

    Scam AI Videos

    It’s incredible what can be accomplished with AI these days. You can make people appear to say things they never said. For example, here’s an ad we spotted below. Elon never said any of that.

    Fake Elon Websites

    All of the websites below are scams. And while Gizmodo is often reluctant to advertise the web domains of scammers, because it risks inadvertently driving more people to scammy websites, using the names of the scams is the only way to help get the word out that these specific websites will steal your money.

    And this list only scratches the surface. These are some of the domains that have been reported to the FTC, but there are so many more out there.

    • ceomusk.org [SCAM]
    • elonbitcoin.fun [SCAM]
    • elonchristmas.com [SCAM]
    • fastmars.net [SCAM]
    • investmuskspace.icu [SCAM]
    • marshome.us [SCAM]
    • marsway.net [SCAM]
    • marsyox.com [SCAM]
    • marsvalue.net [SCAM]
    • myteslatoken.com [SCAM]
    • official2xMusk.com [SCAM]
    • shippingteslamail.com [SCAM]
    • tesla-clubs.com [SCAM]
    • tesla-prize-x.com [SCAM]
    • teslaminingprogram.com [SCAM]
    • teslaminingplatform.aphatrad.com [SCAM]
    • teslaoption.com [SCAM]
    • teslapresale.net [SCAM]
    • tesla.token-presale.org [SCAM]
    • teslatoken-presale.online [SCAM]
    • telsaxmarketing.com [SCAM]
    • tsla-marketspro.com [SCAM]
    • teslgets.com [SCAM]
    • tsl-xspace.pw [SCAM]
    • x-coin-platform.io [SCAM]

    Scam Names

    There are also scams that you may know by various names that aren’t dedicated websites, but are being spread through social media platforms. Some of the common ones we’ve seen are below.

    • Elon Musk Fan Page Membership Card
    • Elon Musk x Donald Trump Crypto Giveaway
    • Space Stock Mining
    • Tesla Bitcoin
    • Tesla Token
    • Tesla Mining
    • Neuralink Crypto Token
    • SpaceX Token

    Please believe us. It’s not real.

    Maybe someone sent you this article. Maybe you found it through Google. Please know that visiting these websites and “investing” in them will only lead you to heartache and pain.

    The people who’ve been scammed at these sites often feel foolish afterward. And we don’t want you to feel foolish. We want you to avoid just handing your money away for nothing.

    If you’re interested in investing, there are plenty of reputable places to do that. You can even invest in Musk’s company, Tesla, if you want to buy stock in that company through a reputable stockbroker. All investing involves risks, but the websites we’ve featured here aren’t just risks where you might make some money or you might lose some money.

    If you give any of these websites your money, you will only lose. We promise you.

    Have you been scammed and want to tell your story? You can email the author of this article at [email protected].

    [ad_2]

    Matt Novak

    Source link

  • Dollar Steadies as Markets Focus on US-China Trade Tensions, Politics

    [ad_1]

    The U.S. dollar recovered from a selloff in early trade on Monday as investors hoped Washington may temper its latest escalation of the trade war with Beijing, while political developments in France and Japan undermined the euro and the yen.

    The dollar index, which measures the greenback’s strength against a basket of six currencies, edged higher to 99.002, retracing some losses sustained after U.S. President Trump announced 100 percent tariffs on China.

    That revived fears of Trump’s Liberation Day rollout of sweeping tariffs in April, sparking a selloff in stocks and cryptocurrencies on Friday. “Certainly it’s pretty nervous out there,” said Tim Kelleher, head of institutional FX Sales at Commonwealth Bank in Auckland.

    “If you look at the U.S. and China stuff, it looks like Trump has done a bit of a TACO again and softened his tone,” he added, referring to a trading rule of thumb that “Trump always chickens out.”

    Earlier in the day, Trump said: “Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment,” he posted on the Truth Social network. “He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!”

    Market liquidity may be affected by holidays as the U.S. observes Columbus Day/Indigenous Peoples’ Day today, while Japan is also closed to mark Health and Sports Day.

    Against the yen, the dollar fetched 151.985 yen, up 0.5 percent as markets assessed the path ahead for new Liberal Democratic Party leader Sanae Takaichi after Komeito quit the ruling coalition on Friday, dealing a blow to her hopes to become the first female prime minister of the world’s fourth largest economy.

    The euro stood at $1.1609, down 0.1 percent, after the French presidency announced Prime Minister Sebastien Lecornu’s new cabinet line-up on Sunday, reappointing Roland Lescure, a close ally of Emmanuel Macron, as finance minister.

    Cryptocurrency markets fluctuated between gains and losses after a sharp selloff on Friday, with bitcoin last trading up 0.4 percent at $115,486.04. Gold hit a fresh record of $4,059.30 and was last up 0.8 percent.

    The offshore yuan traded at 7.137 yuan per dollar, tacking on 0.1 percent in early Asian trade. The Australian dollar fetched $0.6513, rising 0.6 percent in early trade, while the kiwi traded at $0.57345, up 0.3 percent. Sterling changed hands at $1.33415, up 0.1 percent so far on the day.

    Reporting by Gregor Stuart HunterEditing by Shri Navaratnam

    [ad_2]

    Reuters

    Source link

  • Crypto Crash Prediction Comes True: Here’s What’s Next For Bitcoin And Ethereum

    [ad_1]

    The recent crypto market crash stunned investors across the globe, but one analyst saw it coming long before it happened. Bitcoin plunged from above $125,000 to briefly below $102,000, and Ethereum dropped to below $3,800, exactly as predicted by popular market commentator Ash Crypto earlier this month. 

    His October 1 post on X warned of a sharp correction meant to liquidate all the bulls before a major rebound in Q4. Now that the dip has played out exactly as he forecasted, Ash Crypto’s outlook for the coming weeks is a powerful rebound phase.

    Related Reading

    The Crash Prediction That Shook ‘Uptober’

    The sell-off that sent shockwaves through the industry is a quick change in sentiment after Bitcoin’s recent all-time high on October 6. Bitcoin’s decline from above $125,000 to below $110,000 caused widespread panic that flowed into other cryptocurrencies, while Ethereum followed with a sharp drop below $3,800. More than $19 billion in leveraged trades were liquidated across different exchanges in under a day, making it one of the largest wipeouts in crypto history.

    However, the timing of the crash aligned almost perfectly with a projection on the social media platform X by Ash Crypto. On October 1, Ash Crypto outlined what he called a “pump-then-dump setup” designed to trap overconfident bulls. In his post, he warned that early-month gains would bait retail traders into believing PUMPtober was real before the market reversed violently to shake them out.

    Notably, the analyst predicted that Bitcoin would dip to around $106,000 and Ethereum to $3,800 or lower before rebounding later in the month. According to him, this correction phase would run until mid-October, sometime around the 15th to 20th of October, before transitioning into a powerful recovery in the last ten days of the month.

    BTCUSD currently trading at $114,049. Chart: TradingView

    What Comes Next After The Drop?

    Ash Crypto’s call has proven accurate, especially against the backdrop of widespread ‘Uptober’ optimism that clouded judgment for many crypto traders. However, despite the predicted bearish move, the prediction post also carried a long-term sentiment that aligns with a bullish Uptober.

    He explained that once market sentiment turns overwhelmingly bearish and traders begin to assume PUMPtober is canceled, short positions will pile up. It is at this point that a reversal will begin in the final ten days of October, leading to what he described as Q4 parabolic candles.

    Related Reading

    Ash Crypto projected Bitcoin will reach between $150,000 and $180,000 by the end of the fourth quarter, while Ethereum will be trading anywhere in the $8,000 to $12,000 range. Following that move, he expects a full-fledged altcoin season that will cause the price of many altcoins to grow 10x to 50x in just a few months.

    At the time of writing, Bitcoin is trading at $114,049, and Ethereum is trading at $4,087.

    Featured image from Unsplash, chart from TradingView

    [ad_2]

    Scott Matherson

    Source link

  • Dogecoin Price: ‘$6.9 Is A Magnet’, Analyst Predicts

    [ad_1]

    Dogecoin has plunged violently over the past 24 hours, shedding a large chunk of its value in a brutal correction across the entire crypto market. What looked like a hold above $0.25 turned into a fast breakdown that dragged the Dogecoin price to as low as $0.148 within 24 hours.

    However, technical analysis from crypto analyst Kaleo shows Dogecoin is ready to hit new all-time highs. In a post on X, he doubled down on a remarkably bullish prediction, stating that $6.90 is a “magnet” for Dogecoin.

    Related Reading

    Dogecoin Chart Tells The Story

    In his post on the social media platform X, Kaleo noted how members of the crypto community are increasingly waking up to see how primed Dogecoin is to reach higher levels. The chart accompanying Kaleo’s post shows the historical pattern that Dogecoin has followed after previous Bitcoin halvings. 

    Each halving has always been followed by years of massive upside moves in Dogecoin’s price, with the meme coin breaking out of long-term descending resistance lines to record exponential gains. Examples shown in this chart are the 2017 and 2021 explosive price surges. 

    Kaleo suggested that the current market phase mirrors the same structure seen just before the 2021 bull run, when Dogecoin broke above a key lower-high resistance from its previous all-time high. This moment is illustrated on the chart with the label “We are here.”

    Dogecoin Price Chart. Source: @CryptoKaleo on X

    The $6.90 Magnet: Kaleo’s Logic Behind The Forecast

    Kaleo acknowledged that the projection of a $6.9 Dogecoin price target might sound a little too bullish, but his logic is based on the logic of market cap math. In his post, he explained that his projection for Bitcoin this cycle is to surpass $500,000. If Bitcoin surpasses $500,000 as expected, it would translate to a $10 trillion market capitalization. 

    This sheer amount of inflow would flow into the rest of the crypto market, and Dogecoin could theoretically reach 10% of Bitcoin’s valuation, just as it did during the 2021 mania. That ratio implies a $1 trillion market cap for Dogecoin, which is equivalent to a $6.94 price per token based on the current circulating supply. 

    Dogecoin’s recent price crash has complicated this bullish narrative. Instead of confirming an imminent breakout, the meme coin has fallen below the $0.25 support level. At the time of writing, Dogecoin is trading at $0.1971, down by 21.4% in the past 24 hours and having reached an intraday low of $0.1489.

    Related Reading

    The breakdown looks like the kind of market-wide liquidity flushes often seen before major reversals. Yet, it also risks extending Dogecoin’s bearish structure and delaying any breakout if the price fails to recover quickly. Right now, recovery above $0.25 is important for bulls to rebuild bullish momentum.

    Featured image from Unsplash, chart from TradingView

    [ad_2]

    Scott Matherson

    Source link

  • Global Banking Powerhouses Plan Issuing New Stablecoins Tied To G7 Currencies

    [ad_1]

    A consortium of major banks, including Bank of America, Citi, Deutsche Bank, Goldman Sachs, and UBS, announced on Friday that they will collaborate to explore the development of stablecoins pegged to G7 currencies. 

    A New Era For Crypto In Mainstream Finance

    The renewed interest in stablecoins comes in the wake of US President Donald Trump’s endorsement of the sector, which has reignited discussions about integrating blockchain technology into mainstream finance. 

    Currently, the stablecoin market is heavily dominated by Tether (USDT), based in El Salvador, which accounts for approximately $179 billion of the total $310 billion in stablecoins circulating, according to data from CoinGecko.

    The 1D chart shows the total market cap drop in what has been the largest liquidation event in crypto. Source: TOTAL on TradingView.com

    The banks involved in this new initiative, which also includes Santander, Barclays, BNP Paribas, MUFG, TD Bank Group, and others, have stated that the goal is to assess whether a collaborative industry offering could enhance competition and bring the benefits of digital assets to the market, all while ensuring compliance.

    Related Reading

    Notably, France’s Societe Generale recently became the first major bank to issue a dollar-backed stablecoin through its digital asset subsidiary, although it has seen limited adoption, with only $30.6 million currently in circulation.

    In addition to this consortium, a separate group of nine European banks, including prominent names like ING and UniCredit, is also in the process of launching a euro-denominated stablecoin. 

    Meanwhile, Citi has made strides in the stablecoin space by investing in BVNK, a company focused on stablecoin infrastructure. 

    Demand For Stablecoin Solutions Grows

    Although Citi has not disclosed the amount of its investment, the co-founder of BVNK, Chris Harmse, told during an interview with CNBC, that the company’s valuation has surpassed $750 million, as reported in its latest funding round.

    Harmse remarked on the increasing demand for stablecoin infrastructure, particularly with the emergence of regulatory clarity through the passage of the GENIUS Act in the US. This has prompted major US banks to strategically position themselves in the crypto ecosystem. 

    Citi’s CEO, Jane Fraser, has indicated that the bank is contemplating the issuance of its own stablecoin while also exploring custodian services for digital assets. However, Citi is not alone in its pursuit of digital asset integration; JPMorgan Chase has already launched its own stablecoin-like token, JPMD.

    Related Reading

    Banks are increasingly investigating how blockchain technology—originally developed to support Bitcoin—can reduce transaction costs and enhance processing speeds across various financial operations. 

    This exploration includes the concept of tokenization, which involves creating digital tokens that represent traditional assets, such as deposits. For instance, Bank of New York Mellon is currently looking into tokenized deposits, while HSBC has already rolled out a tokenized deposit service.

    Featured image from DALL-E, chart from TradingView.com 

    [ad_2]

    Ronaldo Marquez

    Source link