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Tag: crypto

  • Polymarket Founder Drops POLY Token Hint After $2B Investment From NYSE Parent Company

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    Coplan hinted at $POLY in a cryptic X post replacing XRP in the top five list with the token symbol and a thinking emoji.

    Shayne Coplan, who founded the crypto prediction platform Polymarket, wrote a cryptic post on October 8 that made it sound like there might be a native POLY token in the works.

    This hint comes soon after Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), said it will invest $2 billion in Coplan’s company, bringing its total value to $9 billion.

    A Cryptic Hint

    The timing of Coplan’s teaser has caught attention across crypto circles. His post was made in response to analyst Nairolf’s assessment that the BNB Smart Chain (BSC) had surpassed both Solana (SOL) and Ethereum (ETH) in mindshare, and Polymarket had secured fifth place overall in mindshare, ranking as the number one app in the market.

    The Polymarket CEO then quoted Nairolf’s tweet, listing the top cryptocurrencies by market capitalization, including Bitcoin (BTC), ETH, BNB, and SOL. However, he omitted the fourth-largest non-stablecoin asset, XRP, instead replacing it on the list with “$POLY” and adding a thinking face emoji for mysterious effect.

    The mention of POLY sparked numerous responses on X, with crypto commentators divided between being hopeful and skeptical. The platform’s CMO Matthew Modabber chipped in, saying, “They weren’t ready for this one chief.”

    Meanwhile, journalist Laura Shin expressed curiosity, writing, “Who dis, new coin?”. At the same time, user Mtn Drew warned against “utility tokens,” instead demanding that Coplan think about a model that would allow users to “own Polymarket.”

    Pseudonymous Hyperliquid enthusiast HyperProphet speculated that introducing POLY could “easily flip PumpFun” if the platform allowed creators to launch their own sub-markets, such as “PolyStars,” earning fees from user activity.

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    ICE’s $2B Deal Pushes Polymarket’s Valuation to $9 Billion

    The POLY token speculation followed ICE’s confirmation of its multibillion-dollar investment in Polymarket, which now pegs its valuation at $9 billion. It also made Coplan the “youngest self-made billionaire,” according to Bloomberg.

    Founded in 2020, Polymarket has since laid claim to a huge chunk of the prediction markets, recording nearly $19 billion in cumulative trading volume and a 90% success rate on event outcomes. In November last year, the founder’s Manhattan apartment was raided by FBI agents who demanded access to his phone and devices, shortly after the platform correctly forecasted Donald Trump beating Kamala Harris with 58.6% odds.

    ICE’s entry into the crypto prediction space is one of the biggest moves by a TradFi company into decentralized markets so far. The investment comes after two rounds of funding for Polymarket that were not made public before, including a $150 million raise in early 2025 led by Founders Fund, which valued the business at $1.2 billion.

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    Wayne Jones

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  • SwissBorg Founder Predicts Biggest Crypto Altcoin Cycle ‘Of Our Lifetime’

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    SwissBorg founding partner Alex Fazel believes the market is entering a multi-year, structurally different bull phase that could deliver “generational wealth,” laying out what he called an “alt season bible” for 2025–2026 in a wide-ranging interview with Altcoin Daily.

    Speaking in a probabilistic framework, Fazel argued that the confluence of a strengthening business cycle, easier monetary policy, and twin technology booms in crypto/Web3 and artificial intelligence creates the same kind of tailwinds that powered the post-dot-com “recovery cycle” in equities. “I really want to prove to everyone that this is the biggest cycle and the biggest chance for everyone to generate generational wealth,” he said, adding that his views are expressed in probabilities rather than certainties.

    The 2025–26 Crypto Altcoin Cycle Will Be Historic

    Fazel’s market structure thesis centers on a familiar rotation: Bitcoin leading, followed by Ethereum and the top-cap cohort, and then a broader dispersion into mid- and small-caps as Bitcoin dominance rolls over. He insisted that the current advance lacks the hallmark “euphoria stage”—a late-cycle condition he considers statistically common and, therefore, still ahead. “It is extremely rare… to have a bull cycle without euphoria,” he said, noting that sizable drawdowns will punctuate the trend without invalidating it. “We won’t see a long bear market anymore… We’re going to see a very extended bull run but with really big corrections along the way.”

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    To gauge cycle magnitude, Fazel prefers total crypto market capitalization over date-calling. He mapped prior expansions—roughly 45x from 2014 to 2017 and ~27x into 2021—into a conservative inference that a 2x–3x from the last cycle’s ~$3 trillion top would imply a $6–$9 trillion total capitalization before this run is exhausted. That—along with a still-missing euphoria phase—forms one of his primary exit heuristics. “Rather than just thinking about how long, look at how high,” he said.

    On sector leadership, Fazel’s team compiled a year-over-year basket (September 2024 to early September 2025) of tokens that outperformed Bitcoin on sustained timeframes to filter out “pump-and-dump noise.” The list he highlighted was dominated by DeFi and exchange-adjacent assets: Virtuals (AI-agent) with a 20x,Hyperliquid’s HYPE 7x, Sui and its DeepBook DEX as strong performers, Curve and Ethena Labs 2.5x–3x, SwissBorg’s BORG ~2.5x, and Raydium. His conclusion was blunt: “DeFi is the best sector to invest in,” with exchange tokens repeatedly among the most resilient leaders since 2018 due to clear product-market fit in speculation and fee generation.

    Fazel stitched those returns to an explicit capital-flows mechanism: buybacks. He showed a positive correlation, in his view, between top token performers and sustained buyback programs, and drew a parallel to equities where many of the cycle’s strongest stocks—including AI bellwethers—have announced large, continuing repurchases. He cautioned, however, that buybacks can be overwhelmed by emissions. “If you have $20 million buying the token, but an airdrop is emitting $53 million, do the math,” he said, citing this dynamic to explain why some well-known tokens underperformed despite revenue.

    What Else To Look For On Altcoins

    From there, he proposed a simple four-quadrant framework for token “pumpamentals”: clear utility that investors perceive as valuable; loyalty via locking; strong, sustainable, and scalable buybacks; and burns or other mechanisms that reduce float. Layer-1s, he argued, typically tick only the first two boxes and still rely on inflationary issuance for staking yields. By contrast, exchange tokens and some DeFi assets can check all four—particularly if fee-linked buybacks are hard-wired, ongoing, and diversified across product lines.

    Fazel also outlined an increasingly prominent buyer cohort of digital asset treasuries (DATs)—public companies that raise in fiat and accumulate crypto for their balance sheets—observing that this structure can “pump the stock and the token.” He pointed to high-profile examples in Bitcoin and Ethereum, stressing that balance-sheet accumulation simultaneously adds buy pressure and removes sell pressure. More broadly, he framed today’s market as a “supercycle” moment because retail, institutions, and corporate treasuries are now converging on crypto exposure—initially in BTC and ETH, but progressively further out the risk curve as confidence grows.

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    Much of Fazel’s playbook is operational at SwissBorg itself. He disclosed that the company, founded in 2017 and now at “300+ employees” and “$2.4 billion” in assets under management, has shifted to a 50% revenue-to-buyback policy for its BORG token and intentionally delisted from centralized exchanges to “control supply” and concentrate liquidity and volume in-app.

    Fazel repeatedly returned to risk management, urging investors to think in probabilities and to be willing to “divorce” underperforming tokens that lack real revenues or sound token economics. He also addressed dilution fears sparked by the proliferation of new tokens, contending that almost none reach meaningful size. “Out of all these coins… 0.00001% have a market cap above $1 million,” he said, arguing that the sheer number of microcap launches should not preclude an altseason in larger, revenue-generating names.

    His timeline remains conditional, but his conviction in the structure is clear. He expects Bitcoin could suffer 30%–40% pullbacks without derailing a longer advance, believes the equity backdrop is still “AI-led” rather than in a blow-off, and contends crypto adoption curves move faster than Web2 because they build atop the existing internet. As for a headline Bitcoin target, he demurred on specifics, but hinted the ceiling is higher than casual forecasts imply. “Almost $200k for Bitcoin seems too small,” he said at one point, before pivoting back to total-market metrics and the presence—or not—of broad-based euphoria.

    At press time, the total crypto market cap stood at $4.2 trillion.

    Total crypto market cap eyes the 1.618 Fib extension, 1-week chart | Source: TOTAL on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • Dogecoin Eyes Massive Breakout: Next Move Depends On $0.30

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    Dogecoin has shown signs of renewed momentum after reclaiming ground above $0.26 in the past 24 hours, but it hasn’t made a clean breakout yet. Nonetheless, crypto analysts are bullish on the meme coin, and a few of them have highlighted important support, resistance, and breakout levels. As it stands, Dogecoin path to $0.3 still holds merit, and its reaction here will determine how its price action plays out.

    Analysts Map Out Bullish Setups And Near-Term Targets

    The $0.30 level, in particular, stands out as the next critical threshold for Dogecoin: both as a psychological and technical marker that could open the door for a stronger rally if conquered. 

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    For instance, crypto analyst Ali Martinez observed that Dogecoin is currently trading within an ascending channel. This pattern holds merit as a bullish continuation, and according to the analyst, Dogecoin is still in the accumulation phase. The projection on the chart shows all that’s needed now is for a clean break above $0.3 for Dogecoin to enter into an expansion phase.

    Dogecoin 1W Price Chart: @ali_charts on X

    EtherNasyonaL, another crypto analyst, is more aggressive with Dogecoin. According to his projection, Dogecoin has now completed a successful retest after breaking above a descending trendline of lower highs. The most recent 3-day candlestick now shows Dogecoin forming a bullish candle above $0.25, and now the next step is a bullish leg to new all-time highs.

    Dogecoin 3D Price Chart: @EtherNasyonaL on X

    Dogecoin has been consolidating in a clear nine-month ascending triangle and is now approaching a key breakout point, according to a TradingView analysis. The pattern has been forming since early 2025 with rising support around $0.22 and a horizontal resistance zone between $0.28 and $0.30.

    DOGEUSD now trading at $0.25. Chart: TradingView

    Therefore, a confirmed breakout above $0.30 could send the Dogecoin price to between $0.38 and $0.40, matching the height of the formation and aligning with a prior resistance zone from earlier in the year. The breakout must come with a strong daily candle close above $0.30 and a clear volume surge, ideally two to three times higher than normal.

    Failure to hold above $0.30 or a drop below $0.22 would invalidate the bullish setup, but for now, Dogecoin’s structure suggests that a decisive move is close.

    Dogecoin 4H Price Chart: The Pythia On TradingView

    Early Signs Of Strength

    Dogecoin needs enough trading volume in order to complete this predicted move. The move needs to be backed by a noticeable surge in trading volume, ideally two to three times higher than the recent average.

    Dogecoin’s trading volume has spiked notably in the past 24 hours, coming to $2.5 billion across all exchanges. Furthermore, active addresses and transaction frequency have both increased over the last few trading hours. 

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    At the time of writing, Dogecoin is trading at $0.2644, up by 4.5% and 16.7% in the past 24 hours and seven days, respectively.

    Featured image from Pixabay, chart from TradingView

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    Scott Matherson

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  • Bitcoin Just Did It — New Record High Above $125,000 This ‘Uptober’

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    Bitcoin pushed to a fresh all-time high on Sunday, trading above $125,000 in Asian hours as markets extended gains into October. According to reports, the token rose about 2.7% to roughly $125,245 on the day, topping its prior August peak near $124,480.

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    Institutional Flows And Political Signals

    Based on reports, a large wave of demand through US-listed spot Bitcoin ETFs has been a key fuel for the move, with weekly net inflows into those funds reported at around $3.24 billion.

    Investors and traders also pointed to a weaker US dollar and broader equity strength as helping push prices higher. Some coverage tied the shift in sentiment to policy signals under US President Donald Trump, and to worries about a possible US government shutdown that nudged buyers toward alternative stores of value.

    Source: CoinMarketCap

    Traders See ‘Uptober’ Playing Out

    “Uptober” — a nickname for October’s often bullish stretch — has returned this year, and traders say technical breakouts after Bitcoin flipped $120,000 into support added momentum.

    Reports show BTC briefly climbed as high as $125,750 during early Asian trade before pulling back, a sign of fast buying followed by profit-taking in some venues.

    Liquidity Tightening On Exchanges

    Based on reports, the amount of Bitcoin kept on centralized exchanges has fallen, which reduces immediate sellable supply when buyers step in.

    That thinning supply, combined with fresh ETF demand, is a recipe for sharper moves in price when flows spike. Market watchers caution that such patterns can amplify both ups and downs.

    Bitcoin is currently trading at $123,360. Chart: TradingView

    What Analysts And Traders Are Watching

    Options desks and chart watchers are flagging near-term resistance levels above current highs, while some technical scenarios point to larger targets in the months ahead — figures like $135,000 and even higher have been floated by certain market players, though those are projections rather than certainties. Volume and fund flows will likely determine whether the rally holds or cools.

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    What Comes Next

    According to observers, this run matters because it has pushed Bitcoin back into the conversation alongside major asset classes, and, for a moment, the token’s market value ranked among the world’s largest, even overtaking Amazon on some measures.

    Still, volatility is high. Sharp reversals, policy shifts, or a sudden change in ETF flows could quickly alter the picture.

    Meanwhile, a mix of institutional buying, seasonal momentum, and macro factors helped lift Bitcoin to new highs. The rally has drawn fresh attention from investors, but it also comes with the familiar risks of big price swings.

    Markets will be watching flows, dollar moves, and any policy signals from Washington for clues on what comes next.

    Featured image from Pixabay, chart from TradingView

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    Christian Encila

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  • 5 Months To $50? XRP’s ‘Alignment’ Has Traders On Edge

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    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.

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    Christian Encila

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  • Key Price Breakout Sets Dogecoin On 153% Rally To Clear $0.65 – Details

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    Dogecoin’s price action in recent days has been defined by steady higher lows and attempts to break above $0.25. The meme coin has managed to maintain bullish momentum in the past 24 hours after ending September consolidating. 

    This recent move has kept Dogecoin’s uptrend intact on the daily chart, and according to technical analysis shared on the social media platform X by analyst Javon Marks, this structure could be setting the stage for a powerful upward move.

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    Breakout Structure And Higher Lows

    According to Marks, Dogecoin’s current price formation could be the early stages of a massive rally that carries the meme coin to $0.65 in a quick move. 

    This prediction is based off a clear sequence of higher lows (HL) and higher highs that has been forming on the Dogecoin price chart. This formation is on the 5-day candlestick timeframe chart, and it goes as far back as the 2022 bear market. The first higher low started from the capitulation low in 2022 and continued through 2023 into 2024. Each higher low shows growing buyer interest after every correction, which is a sign of bullish continuation on higher timeframes.

    The most recent example came during September’s downturn, when Dogecoin found a strong support at $0.22. Rather than breaking down further, the price rebounded from this level to create yet another higher low in the series. This response was important because it confirmed that Dogecoin’s uptrend was still intact.

    Dogecoin is currently trading at $0.24. Chart: TradingView

    Marks points out that this upward structure of higher lows means that another wave up is likely to be in the works. Therefore, the current phase between $0.22 and $0.25 now is more of a build-up before the next explosive move higher.

    Dogecoin 5-day price chart: Javon Marks on X

    The Case For A 153% Rally To $0.6533

    Marks’ projection goes beyond a simple breakout. The analyst projected Dogecoin to go on to create another higher high in the coming weeks and months. This wave up could be an over 153% run from Dogecoin’s current price level. 

    His chart identifies $0.6533 as the immediate target for this wave. Achieving this level would require Dogecoin to more than double from its current price, but this is not unprecedented given its price history. If Dogecoin were to reach the $0.6533 breakout target, it would be its strongest bullish rally since early 2021. However, this is still below its 2021 all-time high of $0.7316, meaning there’s still room for further upside if bullish conditions persist.

    Interestingly, the analysis also noted that Dogecoin might extend the rally above the $1 threshold. Particularly, the second price target is at $1.25711, although this may seem far-fetched in the short term.

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    At the time of writing, Dogecoin is trading at $0.2525, down by 1.7% in the past 24 hours, but up by 10% in a seven-day timeframe.

    Featured image from Pixabay, chart from TradingView

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    Scott Matherson

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  • Dogecoin Face-Melting Rally: This Bullish Impulse Will Send Price Toward $0.8 ATH

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    Dogecoin (DOGE) is currently showing signs of entering one of its strongest bullish phases yet, with an analyst pointing toward a rare chart formation that could trigger a powerful upside rally. According to technical analysis, Dogecoin may be on its way to hitting new all-time highs, with $0.8 marked as the next bullish target. 

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    Analyst Doubles Down On Bold Dogecoin Forecast

    A new analysis by Mikybull Crypto, a prominent market expert on X social media, reveals that Dogecoin has completed the critical phases of a Bump and Run reversal chart pattern—a setup that historically precedes explosive breakouts. With price action already reclaiming its trendline, the analyst has doubled down on earlier forecasts, predicting that the DOGE price could experience an explosive surge toward the $0.8 level.

    Sharing a price chart, Mikybull clearly highlights the textbook Bump and Run reversal, which consists of a lead-in phase, a bump phase, and a final breakout followed by a throwback to the trendline below $0.23. DOGE’s weekly price action has mirrored this chart structure, with the recent move back to retest the broken resistance now serving as a potential springboard for the next phase. 

    In technical terms, this “throwback” often marks the last opportunity for accumulation before the real rally begins. Mikybull, who has been closely tracking Dogecoin’s macro setup, emphasized in his X post that “the main bullish rally is about to kick off.” In an earlier update, the analyst described the upcoming bull phase as a “face-melting rally,” noting that the Bump and Run pattern is rare but extremely reliable when confirmed. 

    At the time of writing, Dogecoin is trading slightly above $0.25, and a rally to the projected $0.8 target would represent a massive gain of approximately 220%. Such a move would propel DOGE’s price beyond its 2021 record high of $0.73, setting a fresh ATH with an additional 9.6% upside. 

    DOGEUSD currently trading at $0.25. Chart: TradingView

    DOGE Breakout Structure Reinforces Rally Setup

    A second technical analysis by crypto market expert Unipcs on X delivers a similar bullish outlook for the Dogecoin price. His chart highlights a tightening wedge structure, where DOGE has been consolidating below long-term resistance while forming a series of higher lows. Recently, the price broke out from this compression zone, reinforcing the meme coin’s bullish narrative.

    Unipcs reiterated that “DOGE to $1 is a meme until it isn’t,” suggesting that this cycle could deliver the long-anticipated push toward the $1 price level. He further noted that Dogecoin looks primed for an aggressive move that could generate strong spillover effects for other major meme coins in the market. 

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    In an earlier post, he pointed out that Dogecoin’s structure still looked bullish on the Higher Time Frame (HTF), coinciding with the FED interest rate cut and the DTCC listing of a new Dogecoin ETF in September. With Digital Asset Trusts (DATs) and institutional players already accumulating, the analyst maintains a strong bullish stance on the meme coin’s price outlook. 

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • XRP On-Chain Activity Signals Imminent Sell-Off — What’s Happening?

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    An alarming pattern of XRP whale activity has been noted, posing several questions about the sustainability of the cryptocurrency’s growth. Among the multiple questions currently being asked, one is more demanding of an immediate response: Is an XRP whale sell-off on its way?

    XRP Supply Surges Across Major Exchanges

    In an October 3rd post on the social media platform X, market analyst CryptoOnchain highlighted a recent shift in the behavior of XRP’s largest holders, the whales. 

    The online pundit’s report was based on the Exchange Supply Ratio indicator, which tracks the proportion of XRP tokens on exchanges relative to its total circulating supply. 

    Related Reading

    This metric can be used to derive insights on potential selling pressure for a crypto asset (XRP, in this case), seeing as higher values would suggest increased availability of tokens on the exchange for sale. 

    Source: @CryptoOnchain on X

    According to CryptoOnchain, there has been a spike in XRP supply across major exchanges, suggesting that whales might be positioning for a significant sell-off. The data shared reflects the increase in selling pressure across these exchanges, including Bithumb, Bitget, Bitfinex, and Binance, putting the XRP price at an increased risk of a sharp correction.

    XRP Displays Bearish Divergence As Sellers Dominate Futures Market 

    In a separate post made on the CryptoQuant platform, CryptoOnchain also revealed a budding negative divergence across the XRP futures market. 

    The relevant indicator here is the Taker Buy Sell Ratio metric, which monitors the balance between aggressive buy and sell orders in the futures market. This metric is typically used to assess whether buyers or sellers are dominating the market in the short term.

    The analyst noted that while the price of XRP has been mostly around $3 after its recent rise, the ‘Taker Ratio’ across exchanges has fallen to its lowest level since November 2024. Interestingly, data from Binance, the world’s largest crypto exchange, further supports this bearish signal, as patterns similar to those seen on other exchanges have also been surfacing. 

    Related Reading: Ethereum Matches Bitcoin In Annual Gains: What This Means For The Market

    XRP
    Source: CryptoQuant

    CryptoOnchain explained that this situation could either mean that the market participants are booking profits or anticipating a price decline in the near future. However, the spike in XRP supply across major crypto exchanges, alongside the clear dominance of sellers in the perpetual futures market, strongly suggests the imminence of a price correction.

    It is therefore advisable to watch the psychological $3 level closely before market decisions are made. As of this writing, XRP is hovering around the $3 mark, reflecting a nearly 2% decline in the past 24 hours.

    XRP
    The price of XRP on the daily timeframe | Source: XRPUSDT chart on TradingView

    Featured image from iStock, chart from TradingView

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    Opeyemi Sule

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  • Bitcoin Rockets Past $119K, Analysts Now Eye $130K Target

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    Bitcoin edged higher today, breaching the key $119,000 mark, after a string of steady sessions, lifting prices above recent ranges and drawing fresh attention from big investors.

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    According to Coinglass data, BTC rose about 2.50% in the last 24 hours, and is up 8% over the last seven days. Trading activity and inflows are being watched closely as traders size up the next move.

    Institutional Flows Drive Momentum

    Data shows the top crypto asset registered a second straight day of strong inflows, putting $430 million into Bitcoin spot ETFs. That kind of demand helps explain why Bitcoin’s market value has jumped from $870 billion to $2.34 trillion this year.

    Analysts say that steady institutional buying has been a key engine behind the rally, and continued flows could keep momentum alive.

    Price Levels And Targets In Focus

    Resistance zones are being tested. Near-term hurdles sit at $118,500 and $119,800, with a close target at $120k if buyers stay in control.

    Analyst Satoshi Flipper pointed out that BTC appears to have built a base above the $115,000 area and is holding a higher time frame structure, adding that a long-term breakout aim sits near $130,000.

    Buyers extended the climb past $118k, and that move is being cited as a sign that demand remains present above current levels.

    BTCUSD now trading at $119,185. Chart: TradingView

    On-Chain Signals And Volatility

    According to Coinglass, trading volume rose 12% to nearly $95 billion for the day, while Open Interest increased 4.46% to $84 billion.

    The OI weighted funding rate came in at 0.0050%. Liquidations show the market can still move quickly: $157.08 million in positions were wiped in the past day, with shorts accounting for $136 million and longs $20 million.

    A bullish MACD crossover has been confirmed on some timeframes, and the RSI sits at 58% — levels that suggest more room to climb but not runaway overheated conditions.

    Seasonal Patterns Add To The Optimism

    Based on reports and past data, October has a history of strong performance — “Uptober” shows an average gain of 20%. September registered a 5% rise, and the third quarter closed with 6% according to Coinglass.

    The fourth quarter’s average return has historically been large, at 78%, which is why some market participants are optimistic heading into the final months of the year.

    Buyers remain active, but the path up may not be smooth. A clear push above $120,000 would be a useful signal that new highs might follow, while a stumble into the liquidity clusters could force a quick pullback.

    Related Reading

    Market participants are balancing on-chain flows, visible technical levels, and known seasonal patterns as they decide their next steps.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Space Meets Crypto—Spacecoin Executes 1st Blockchain Transaction Beyond Earth

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    Spacecoin says it has relayed a blockchain transaction entirely through space, moving data from one ground point to another without using terrestrial internet links.

    According to reports, the test aimed to show that cryptographic transactions can be sent via satellite radio and still be validated at the other end.

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    End-To-End Transaction Via Satellite

    Reports have disclosed that the transmission began in Punta Arenas, Chile, was uplinked over S-band radio to a nanosatellite called CTC-0, and then downlinked to a ground station in the Azores, Portugal.

    That path covered roughly 7,000 kilometers. Based on reports, the message was processed on the Creditcoin test network rather than a major public mainnet. The demonstration was presented at TOKEN2049.

    Company posts and media reports say the event was a single proof-of-concept meant to check whether signature data and transaction integrity survive the trip through spaceborne links.

    Partners And Planned Expansion

    According to Spacecoin’s posts, the nanosatellite used in the test was supplied in partnership with EnduroSat. The firm also mentioned plans to add three more satellites as part of a CTC-1 cluster, scheduled for launch in Q4 2025.

    Those additions are intended to increase coverage and allow inter-satellite handoffs. Reports caution that a small cluster of satellites is not the same as continuous global coverage, but it would expand the number of possible uplink and downlink windows for users in remote places.

    Technical Limits And Security Concerns

    Based on reports and commentary from industry observers, the demo leaves several important questions open. Radio links can be slow and have limited bandwidth. Latency grows when signals travel to orbit and back.

    BTCUSD trading at $118,741 on the 24-hour chart: TradingView

    The method is vulnerable to interference, jamming, or misrouting if proper safeguards are not in place. While the transaction itself carried cryptographic signatures that were verifiable, experts say operational security for ground stations, frequency licensing across countries, and robust anti-spoofing measures will be essential before any real service can be offered to consumers.

    Potential Uses And Practical Hurdles

    Reports note potential benefits. Satellite-based routing could provide a backup route for remote communities, disaster zones, or places with unreliable or censored internet.

    That said, launching and operating satellites has big costs. Ground terminals are needed. Adoption will depend on price, ease of setup, and whether users can get reliable, timely service rather than intermittent windows.

    Related Reading

    Competition And Market Fit

    According to Reuters, the announcement frames Spacecoin as aiming at a market that already has major players such as Starlink.

    Competing with large networks will require a clear niche — for example, specialized uplinks for blockchain messaging, or partnerships with regional operators. The economics will matter as much as the technical proof.

    Featured image from Gemini, chart from TradingView

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    Christian Encila

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  • Bitcoin Weak-Hand Selling Slows: STH-SOPR Reset Hints At Potential Rally Setup

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    Bitcoin (BTC) witnessed a slight surge earlier today, climbing from $113,000 to around $117,000 at the time of writing, in contrast to expectations of several crypto analysts who were predicting a decline in risk-on assets due to the US government shutdown.

    Bitcoin Rises Despite US Government Shutdown

    The US federal government shut down at midnight on September 30, as President Donald Trump and Congress failed to reach a deal on funding. Specifically, the two camps were at odds over enhanced Obamacare subsidies, with neither party willing to take the blame.

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    However, Bitcoin made a surprise move to the upside despite the uncertain environment created by the US government shutdown, recording strong gains earlier today. CryptoQuant analyst Kripto Mevsimi stated that September saw deeper losses among short-term holders (STH), as their Spent Output Profit Ratio (SOPR) fell as low as 0.992.

    As a result, most of September was marked by STH continuing to sell their BTC holdings at a loss. However, the metric recovered slightly to 0.995, although it is still below August’s reading of 0.998.

    The current STH-SOPR reading is showing signs of stabilization after a period of depression. It is interesting to note the timing of this recovery, as it occurred at a time when BTC is trading in the high $110,000 range, slightly below a heavy resistance zone.

    Source: CryptoQuant

    Past data shows two potential scenarios that can happen following such a reset in the STH-SOPR. First, it could be early warning signs of a weakening momentum for BTC, as extended loss realization can precede corrective phases where weak hands capitulate.

    The other, more bullish scenario, is that it could be a healthy reset. Quick absorption of realized losses often paves the way for more sustainable rallies, which could catapult BTC to new all-time highs (ATH) in the near term. The CryptoQuant analyst added:

    With BTC consolidating under resistance, this rebound in STH-SOPR is a key barometer of market health. If buyers continue to absorb weak-hand selling, it could mirror past resets that paved the way for the next leg higher.

    Will BTC Decline In Q4 2025?

    While the dwindling active circulating supply of Bitcoin offers some hope to the bulls, others are not as optimistic. According to recent analysis by fellow CryptoQuant contributor Axel Adler, demand for BTC cooled after it failed to hold above $115,000.

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    Meanwhile, crypto analyst Doctor Profit recently remarked that BTC is likely to experience another 20% decline from its current price, reaching his projected target range between $90,000 – $94,000. At press time, BTC trades at $117,226, up 3.5% in the past 24 hours.

    bitcoin
    Bitcoin trades at $117,226 on the daily chart | Source: BTCUSDT on TradingView.com

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

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    Ash Tiwari

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  • Could bitcoin and crypto be headed for an end-of-year rally? – MoneySense

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    August and September haven’t been great months for crypto investors, but that’s not necessarily a bad thing because markets need a healthy breather every now and then. Bitcoin (BTC), the largest cryptocurrency based on market capitalization, was down about 6.5% in August, and so far in September has regained only about 3.14% of that drop. 

    A quick look at the BTC price chart below shows that the price of BTC has hovered around the $110,000 mark (all figures in US dollars unless otherwise specified)—plus or minus 10% since May 2025. This is a consolidation, which indicates that for the time being, neither the bulls nor the bears are obvious winners.

    Source: Google Finance as of Sept. 25, 2025

    August and September are typically down months for BTC

    Although months of flat trading can be frustrating for investors, it’s not unheard of and there’s historical precedent for August and September typically being bad for BTC.

    Of the thirteen instances since 2013—because that’s when we have reliable public data on BTC price movements from—August has been red nine times (including 2025) and September has been red eight times until 2024. On average, BTC’s August return over the years has been 1.12% and September’s has been -3.24%. On average, BTC’s best months have been October (up 21.89%) and November (up 46.02%).

    The following table lays out BTC’s monthly return through the years. See the bottom two rows for average (and median) returns in each calendar month.

    Source: Coinglass.com as of Sept. 25, 2025

    Nobody can predict the market accurately based on such historical data, so what can crypto investors learn from this? If you’re bullish on BTC, ethereum (ETH), and other cryptocurrencies, it usually pays to remain invested—especially through October and November—despite the historical bearishness of August and September.

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    The best crypto platforms and apps

    We’ve ranked the best crypto exchanges in Canada.

    Is altcoin season over?

    Altcoin season refers to the phase of the crypto market in which alternative coins (those other than BTC) outperform BTC itself in price appreciation. Typically, altcoin season appears at the end of a bull market cycle—the phase we’re probably in right now. I’ve written about altcoin season in an earlier edition of this column a few months ago, when I flagged the possibility of ETH and other cryptocurrencies outperforming BTC in the second half of 2025.

    As the chart below shows, we’re in altcoin season based on the CMC Altcoin Season Index. This index tracks the performance of altcoins relative to BTC over 90 days and assigns a score of 0 to 100, with a score over 70 indicating the outperformance of altcoins relative to BTC.

    Source: Coinmarketcap.com as of Sept. 25, 2025

    The race for altcoin ETFs is on

    The race for altcoin ETFs in the US is on. While altcoin ETFs are already available to Canadian investors, we’re about to see a rush of new altcoin ETFs being launched in the US in the coming months. 

    Recently, on Sept. 25, 2025, the Hashdex Nasdaq Crypto Index ETF announced that they’ll expand their crypto ETF holdings to include XRP, SOL, and Stellar (XLM). The inclusion of these altcoins will create the first truly multi-crypto ETF in the US. This is a sign of things to come. 

    While 2024 was the year for BTC ETFs, 2025 is the year for ETH and other altcoin ETFs. We could see a slew of altcoin ETFs being launched in the US as a result of the streamlining of listing rules by the US Securities and Exchange Commission (SEC). As reported by Reuters, these streamlined SEC listing rules (applicable to crypto ETFs), would reduce the approximate listing time from about 240 days to just 70 days.

    Canadian investors searching for a multi-crypto ETF with exposure to BTC and altcoins can consider these two ETFs—both of which trade on the Toronto Stock Exchange (TSX).

    ETF name Ticker symbol Exchange Currency options Portfolio Net assets MER
    Evolve Cryptocurrencies ETF ETC Toronto Stock Exchange (TSX) CAD and USD BTC (74.1%)ETH (14.6%)XRP (7%)SOL (4.2%) $84.31 million (CAD) MERs of underlying funds applicable*
    CI Galaxy Multi-Crypto Navigator ETF CMCX Toronto Stock Exchange (TSX) CAD and USD ETH (35.6%)SOL (23.5%)BTC (10.5)Cash and equivalents (30.3%) $5.54 million (CAD) 1.04%
    *ETC has four underlying ETFs as its holdings. While ETC itself has a 0.0% management fee (MER), the underlying ETFs held by ETC will incur management fees and other costs. As of September 2025, three of the four underlying ETFs have a MER of 0.75%, while the fourth has a MER of 0.0% until Dec 31, 2025, post which its MER will be 1%.

    Source: Data for each ETF was gathered from the ETFs’ respective websites as of Sept. 25, 2025

    Crypto price swings are common

    Cryptocurrencies including BTC, ETH, XRP, SOL, XLM, and others are speculative and remain highly volatile assets subject to significant price swings. Even stablecoins, which are seemingly “safe,” may be risky if not adequately backed by real-world assets.

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    Aditya Nain

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  • Qatar’s Biggest Bank Joins JPMorgan’s Blockchain Payment Network

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    Qatar National Bank (QNB) has started using JPMorgan’s Kinexys payments platform for US dollar corporate flows, bringing on-chain settlement to clients in the country. According to JPMorgan, the move went live in March 2025.

    QNB Adopts Kinexys For USD Flows

    Based on reports, the Doha lender will now be able to move US dollar payments around the clock, removing the usual business-hour cutoffs that delay transfers.

    The system operates 24/7 and can settle some transfers in as little as two minutes, a speed level that banks say shortens what used to take days.

     

    For JP Morgan, Kinexys (the unit that grew out of its earlier blockchain work) is being rolled out more widely across the Middle East and North Africa.

    The bank says eight of the region’s largest lenders are now live on the platform, with QNB and Saudi National Bank named among them.

    That wider uptake is being framed as an effort to give corporate treasuries faster, programmable payment options across corridors that previously suffered from timing and liquidity friction.

    What This Means For Clients

    Reports have disclosed that clients can expect fewer reconciliation headaches and a clearer view of funds as they move between accounts.

    Banks on Kinexys can create “programmable” payment flows — for example, payments that trigger only after a condition is met — which can shorten manual steps in trade and treasury operations.

    The platform also claims to preserve full payment amounts until they reach beneficiaries, reducing the chance of unexpected deductions.


    Momentum In The Region

    The QNB announcement follows similar moves by other institutions earlier this year that used Kinexys to expand anytime dollar clearing.

    In March 2025, for instance, India’s Axis Bank began offering 24/7 US dollar clearing with JPMorgan — a sign that banks in different markets are testing the same capability for corporate customers.

    While the speed gains are clear in promotional materials and press coverage, several operational details remain thin in public disclosures.

    Despite that, QNB’s step into Kinexys highlights a shift in regional banking, as Qatar’s biggest bank joins JPMorgan’s blockchain payment network.

    Featured image from Coin-Update, chart from TradingView

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    Christian Encila

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  • Barron Trump’s Fortune Tops Melania’s, Thanks to Crypto Investments

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    Like his father and grandfather before him, Barron Trump seems to have a keen business sense. The son of Donald Trump and Melania Trump is enjoying a particularly lucrative 2025: at just 19 years of age, the youngest member of the Trump clan now has a larger fortune than his own mother, thanks to cryptocurrencies.

    Due to the sale of tokens, Barron’s fortune has jumped by $80 million in recent months and now totals $150 million, according to Forbes. On top of this, he is said to hold almost 2.3 billion tokens, which he could resell for $525 million.

    The first of the Trump clan to take an interest in the cryptocurrency market, Barron convinced his family to set up his own company in the field, World Liberty Financial, which came into being at the end of 2024. Barron spent his summer “meeting with business partners” and “striking deals,” writes People, before quietly resuming classes at New York University’s Washington, DC campus.

    Donald Trump’s second term in the White House has largely benefited his children, writes Forbes. In one year, Donald Trump Jr. added a zero to his fortune, which now totals $500 million. The cryptocurrency market and various contracts signed, including some in Qatar, have been even more beneficial for Eric Trump, who has seen his bank account grow from $40 million to $750 million over the same period. Ivanka Trump, for her part, is said to have $100 million—which is trifle, compared with the billion dollars held by her husband, Jared Kushner, a businessman specializing in real estate.

    The man who has benefited most from buying and selling cryptocurrencies remains the President of the United States. His investments earned him two billion dollars, out of the three billion in profits he made over the year. Jumping 70%, his fortune now stands at $7.3 billion. The Republican moves up 118 places in the Forbes 400 ranking (listing the richest men in America) to the 201st position.

    For her part, Melania has a wallet worth $20 million, which has grown thanks to “classic means for a First Lady (books, conferences, documentaries),” the media outlet notes. Not to be left unmoved by the promise of cryptocurrency, she has launched her own meme coin, $MELANIA, a speculative token whose aesthetic is based on a meme and whose value is decided by buyers. Listed on the stock exchange, its value is estimated at $200 million.

    Originally appeared in Vanity Fair France.

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    Séraphine Roger

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  • Whales Scoop $1.73B In Ether As Exchange Balances Hit Nine-Year Low

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    Reports have disclosed that 16 wallets picked up 431,018 Ether between September 25 and 27, spending about $1.73 billion to do so. The buys came through names like Kraken, Galaxy Digital, BitGo, FalconX and OKX.

    Related Reading

    That scale of accumulation pushed attention back to who is buying the dip, and why larger players seem willing to add exposure while prices wobble.

    Exchange Balances Fall To 9-Year Low

    According to Glassnode data, the amount of ETH held on exchanges has plunged from roughly 31 million to about 14.8 million ETH — a drop of 52% from 2016 levels.

    Many of those coins are likely in staking contracts, cold wallets or institutional custody, and the recent launch of the first Ethereum staking ETF has helped pull more supply off exchanges.

    Lower exchange balances mean fewer coins ready to be sold instantly on exchanges, which can make price moves sharper when big orders hit the market.

    ETH Hovers Near $4,000 As Volatility Rises

    Based on TradingView readings, ETH is trading around $4,011, down roughly 0.33% over the last 24 hours and more than 10% over the past week.

    ETHUSD currently trading at $4,015. Chart: TradingView

    The token briefly slipped under $3,980 earlier in the session before climbing back, and it remains below a recent close of $4,034.

    This two-week pullback has returned ETH to a key $4,000 support area, and short-term swings have become more pronounced as holders reposition.

    $3,700 Becomes A Line In Sand

    Crypto analyst Ted Pillows has warned that the $3,700 to $3,800 zone could face heavy pressure. Reports note that if ETH falls below $3,700, many margin positions could be wiped out and spark forced selling that pushes prices lower.

    With fewer coins on exchanges and concentrated margin exposure, the short-term outlook is more fragile even as longer-term demand indicators look solid.

    ETF Outflows Show Institutional Mood Can Flip

    US-listed ETH funds recorded nearly $800 million in outflows this week, their largest redemptions to date. Still, roughly $26 billion sits in Ethereum ETFs, equal to 5.37% of total supply.

    Related Reading

    Those numbers underline how quickly institutional sentiment can change: big inflows can vanish just as fast, and ETF flows now add a new, sizable layer to price dynamics.

    Lookonchain data also highlighted a prior accumulation of roughly $204 million in ETH, showing similar patterns of large players stepping up during dips.

    Retail traders appear more cautious for now. But the sequence of big buys from institutional-grade custodians suggests some buyers view dips as buying chances while others choose to wait on the sidelines.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Bitcoin And Ethereum Defy Price Slump With Strong Exchange Outflows

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    The crypto market faced in recent months, as both Bitcoin and Ethereum broke below important support levels. Bitcoin broke below $110,000, while Ethereum also slipped under $4,000. This downturn triggered billions in liquidations and pushed the Fear and Greed Index into fear territory.

    However, data from on-chain analytics platform Sentora (formerly IntoTheBlock) reveals that accumulation is quietly underway. Despite the price declines, exchange outflows for both assets have remained strongly negative.

    Related Reading

    Key Weekly Metrics

    An extended decline carried over from the previous week saw the Bitcoin price falling below $110,000 with increasing selling pressure and liquidations of leveraged positions. However, despite this sharp move to the downside, on-chain data illustrates an interesting different trend occurring beneath the surface of the volatility. According to figures provided by the on-chain analytics platform Sentora, more than $5.75 billion worth of BTC flowed out of centralized exchanges over the course of the week.

    This outflow, although small compared to periods of strong bullish action, shows a lingering investor conviction, especially among some investors that might be taking advantage and buying the dip. 

    Ethereum’s price movement over the same period was even more pronounced than that of Bitcoin. The price crash saw the leading altcoin break down beneath the psychologically significant $4,000 support level and proceed to briefly test lower zones around $3,850. Still, despite the depth of this decline, the exchange flow data makes it clear that the bearish price action did not manage to deter accumulation activity across the network.

    BTCUSD now trading at $109,585. Chart: TradingView

    Over $3.08 billion worth of ETH exited exchanges during the week, which serves as evidence of a continued willingness among investors to steadily accumulate Ethereum, even in the face of short-term losses and market pressure.

    Outflows Drive Exchange Balances To Multi-Year Lows

    Interestingly, Ethereum last week’s outflows ties into a notable trend that has been developing in recent months. Data shows that Ethereum’s total supply on exchanges has dropped to just 14.8 million ETH, its lowest level since 2016. Much of this supply has been redirected into staking, long-term cold storage, and DeFi protocols, which have all led to a drastic decline in the ETH on trading platforms.

    ETH balance on exchanges. Source: Glassnode

    Data from a CryptoQuant Quicktake post by contributor CryptoOnchain adds further weight to this trend of heavy outflows. Between August and September 2025, Ethereum’s 50-day Simple Moving Average (SMA) netflow dropped below -40,000 ETH per day, the lowest level seen since February 2023. This persistent negative netflow shows that investors have been steadily shifting their ETH away from exchanges and placing it into staking, cold storage, or other long-term holding options. “Lower exchange balances equals reduced short-term supply,” the analyst said.

    Ethereum Exchange Netflow

    Related Reading

    At the time of writing, Bitcoin was trading at $109,585, while Ethereum traded at $4,011.

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Dogecoin Is Sitting On A Powder Keg: Here’s The Explosion That Will Send Price To $1.3

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    Dogecoin’s price action is working on a rebound after hitting $0.222 in the past 24 hours. Zooming out into a larger timeframe shows the price structure on the weekly timeframe is pointing to an explosive breakout is in the making. Technical analysis shows that the meme coin, which has already shown it can deliver extraordinary rallies, is now sitting on a powder keg that will send it to new all-time highs. Particularly, technical projections indicate that if the current trend continues, Dogecoin could surge to $1.30.

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    Pattern Repetition Points To $1.3 Target

    The first interesting chart observation focuses on how Dogecoin rallies unfold in repeating waves of expansion. This analysis, which was posted on the social media platform X by 

    Kamran Asghar, shows how Dogecoin has been following a repeating structure in the weekly candlestick timeframe chart. 

    In late 2023, the Dogecoin price broke out of consolidation with a 300% surge, followed by another wave in 2024 that delivered a 500% rally from trendline support to resistance. Each cycle began with a bounce from the ascending white trendline shown on the weekly chart below, which has consistently acted as the backbone of Dogecoin’s long-term uptrend.

    Now, the pattern is setting up for what could be an 800% rally, highlighted in the green projection box on the chart below. This move, if completed, would see the Dogecoin price rallying past its current all-time high of $0.7316 and finally breaking above the $1 price level. Particularly, the projection puts Dogecoin rallying more than 800% to reach a price target around $1.30.

    Chart Image From X: Kamran Asghar

    Dogecoin Bullish Channel Still Intact Since 2021

    Another technical analysis looks at a broader view of Dogecoin’s performance over the last four years. Price action on the weekly timeframe is plotted within a colored channel system, starting from the 2021 breakout, as shown in the chart below. The lower orange line has consistently acted as support, while the green midline has worked as a pivot point. Lastly, the upper blue line is serving as resistance.

    DOGEUSD currently trading at $0.23. Chart: TradingView

    At the time of writing, Dogecoin is trading around $0.23, and this is just between the green midline and the orange support, meaning the bullish structure is still playing out. According to analyst KrissPax, who posted the technical analysis on the social media platform X, Dogecoin is still on track to keep moving to the upper band of the channel, which is marked in blue. Reaching this upper band would put the meme coin in the $0.70 to $1.00 range and retesting its all-time high in 2021. However, in this case, the first step would be to break above the green midline, which is currently around $0.4.

    Chart Image From X: KrissPax

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    Meanwhile, Dogecoin is trading at $0.23, up by 1.1% in the past 24 hours. Investors are awaiting the SEC’s approval of a Spot Dogecoin ETF.

    Featured image from Pixabay, chart from TradingView

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    Scott Matherson

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  • XRP Price Is ‘Firing On All Cylinders’ As Super Rare Bullish Setup Emerges

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    The cryptocurrency market remains in disarray following widespread declines, yet the XRP price continues to attract the attention of analysts who maintain an optimistic outlook. One expert noted that XRP has just printed a rare and bullish setup, with multiple chart indicators aligning in support of upward momentum.

    XRP Price Forms Rare Multi-Layered Bullish Setup

    According to crypto market expert Bobby A, XRP is in a rare market position, consolidating above key historical levels while preparing for a move that could lead to new all-time highs. He noted that different indicators are aligning in support of a possible uptrend.  

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    In a chart shared on X social media, Bobby explained that XRP’s market capitalization has been holding above its 2018 peak for more than 300 days, an uncommon show of strength amid the recent downturn. This long consolidation above a major resistance-turned support level suggests a massive build-up of energy before the next leg higher. He argues that this base formation signals a potentially explosive move to the upside, with the next market cap targets identified at $173 billion and a peak around $727 billion.

    On the price front, Bobby reveals that XRP has been forming a multi-month bullish flag pattern on its charts. He labels the critical support zones as “Base Camp 1” around $1.9 and “Base Camp 2” at $2.89—both of which have been successfully defended. He further highlighted that the monthly Relative Strength Index (RSI) is also positioning itself for one final push toward overbought territory, often a precursor to a sharp upward move. Based on his projections, XRP’s take profit zones sit between $5 and $13, levels that would mark fresh all-time highs.

    Bobby’s analysis highlights that XRP’s indicators are “firing on all cylinders,” with momentum across higher timeframes aligning for a potentially powerful surge. He further pointed out that Bitcoin Dominance (BTC.D), currently at 58.7%, is set to retrace toward the mid-to-low 40% zone soon. Such a move would enable altcoins like XRP to capture a larger market share, thereby reinforcing the likelihood of a bullish breakout. The analyst described this rare alignment as a generational setup that occurs only a few times in a decade.  

    Bearish Divergence Sparks Short-Term XRP Sell-Off

    While XRP appears to be resisting the present market downturn, not all analysts share an immediate bullish sentiment. Crypto expert JD has warned about a Bearish Divergence forming on XRP’s weekly chart—a signal that has now played out as expected. 

    XRP currently trading at $2.77. Chart: TradingView

    As shown in the chart, while XRP’s price made higher highs, the RSI indicator printed lower highs, creating a textbook Bearish Divergence pattern. This divergence has already led to a sharp 27% correction from the $3.37 take profit level that JD had previously identified. According to him, many market participants are now questioning why XRP has been under pressure despite broader optimism. 

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    JD argues that the Bearish Divergence was the clearest warning signal, and those who ignored it are now witnessing its full effect. He cautions that while XRP may still avoid a deeper breakdown into the “grey box” supply zone, the short-term trajectory remains bearish until momentum resets. 

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Feds Scrutinizing Potential Insider Trading in Major Crypto Deals

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    Federal regulators are scrutinizing a growing number of companies that have embraced so-called crypto-treasury strategies this year, after unusual trading patterns in their shares caught their attention.

    The corporate trend has exploded in recent months, with hundreds of companies investing in crypto this year. Crypto-treasury strategies, popularized by Strategy (formerly MicroStrategy), involve raising funds through stock or debt sales specifically to buy Bitcoin and other cryptocurrencies. For some of these companies, this scheme is no longer a side experiment; some are making investing in crypto the centerpiece of their corporate strategy.

    For example, Strategy, which was founded in 1989, was best known as a business intelligence and software company before it pivoted to its current crypto-heavy corporate strategy in 2020 when it invested $250 million in Bitcoin. This past February, it dropped the Micro from its name.

    The Wall Street Journal reported Thursday, citing unnamed sources, that both the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have reached out to several firms. People familiar with the matter told the newspaper that regulators are concerned about unusually high trading volumes and sharp stock-price gains ahead of public announcements about the crypto purchases.

    SEC officials warned companies they could have potentially violated the Regulation Fair Disclosure rule, which prohibits public companies from selectively sharing non-public information with analysts and investors who might trade on it. Lawyers told the Journal that letters from FINRA often signal the beginning of probes into potential insider trading.

    The SEC did not immediately respond to a request for comment from Gizmodo, while FINRA declined to comment.

    For many firms, pivoting to a crypto-treasury involves quietly gauging interest from outside investors willing to privately finance their crypto purchases. These investors are usually required to sign nondisclosure agreements, keeping the companies’ identities secret until official announcements are made. But since some stocks spiked in the days leading up to the news of crypto purchases, it seems some info on these investments may have leaked.

    According to the Journal, citing crypto-advisory firm Architect Partners, 212 new companies have announced plans to raise roughly $102 billion for crypto purchases so far this year.

    The Wall Street Journal said it’s still unclear whether regulators plan to take action against the companies or investors.

    The paper noted that SEC Chair Paul Atkins recently criticized the commission’s past tactics, saying it had “weaponized” its enforcement to stifle crypto.

    Given the Trump administration’s pro-crypto policies, a lax reaction from the SEC wouldn’t be too shocking. The president has been very friendly with the industry, which has helped him make a fortune himself.

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    Bruce Gil

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  • Vietnam Sentences 43 People in Massive $3.8B Illegal Crypto Gambling Case

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    A total of 43 people received harsh sentences by a Vietnamese court in a wide-ranging case of an illegal gambling ring, which was created by four siblings. Each of the kingpins of the illegal operations, which also included cryptocurrency, received between 8 and 13 years in prison.

    Over 40 Sentenced for Crypto Gambling Scheme

    Between early 2020 and late 2021, the network facilitated transactions amounting to $3.8 billion before being dismantled by law enforcement. Several defendants received prison sentences exceeding ten years, while authorities continue to search for an Indian national believed to have led the operation. 

    Rather than using licensed or legal casinos, participants gambled via websites that accepted cryptocurrencies, despite crypto being illegal in Vietnam. At its peak, the scheme had around 20,000 customers, who were incentivized to recruit others through social media platforms like Telegram, which has been banned in Vietnam since June. 

    The group is also allegedly involved in laundering funds abroad, an aspect currently under investigation in a separate, ongoing case. A significant portion of the illicit profits was used to purchase luxury vehicles and real estate.

    What’s the Current State of Gambling in Vietnam?

    Gambling has been outlawed in Vietnam for centuries, but in recent years, the government has begun exploring legalization through tightly controlled pilot programs and regulated casinos. Currently, eight casinos operate in the country, accessible only to foreign passport holders, though investors are increasingly interested in tapping into the local market. As part of a three-year trial, Vietnamese citizens are allowed to enter casinos if they can prove a monthly income of over 10 million dong (approximately $449) and pay an entry fee of 1 million dong.

    Currently, Vietnam’s Ministry of Finance is reconsidering these parameters for allowing its citizens to enter casinos. While there are eight casinos in the country, only foreigners can enter them freely, while Vietnamese nationals have to meet specific criteria to enter. As of 2017, the largest hotel-casino in Vietnam was The Grand Ho Tram Strip, located in Hồ Tràm.

    Opened in 2013 and controlled by Philip Falcone, the $1 billion complex features a 550-room hotel, a golf course designed by Greg Norman, and a second hotel tower that was under construction at the time. To qualify for a casino license in Vietnam, foreign investors must commit a minimum investment of over $2 billion.

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    Stefan Velikov

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