Crypto

Since announcing its pivot to become a TON treasury company, its share price has fallen over 21% as enthusiasm for crypto treasury companies wanes. TON Strategy Company, previously known as Verb Technology Company, said on Friday it repurchased 250,000 shares of its common stock under its $250 million buyback agreement. According to the announcement, TON Strategy Company repurchased the shares at $8.32 each, below the treasury asset value of $12.18. The buyback comes just weeks after it revealed a $713 million reserve of Toncoin (TON) tokens on Aug. 21. TON Strategy says its buyback indicates “long-term confidence” in the TON ecosystem. The TON token is the native cryptocurrency of The Open Network, a project that started in 2018 and was initially conceived to bring blockchain to messaging service Telegram. The crypto token is ranked No. 22 overall in market capitalization, with its price is declining 40.7% year-to-date, according to Cointelegraph indexes. Read more

Gemini’s $425 million Nasdaq debut marks the latest in a wave of blockbuster crypto IPOs, as investor demand surges for digital asset equities. Shares of Gemini Space Station (GEMI), the digital asset exchange founded by Cameron and Tyler Winklevoss, surged in their market debut on Friday, signaling strong institutional appetite for crypto-related equities. Gemini shares briefly topped $40 on Friday, according to Yahoo Finance data, before retreating later in the session. By the afternoon, Gemini was trading near $35 a share, up 24% on the day, for a market cap of around $1.3 billion. The company priced its initial public offering at $28 per share late Thursday — well above its initial target range of $17 to $19, and even higher than the upwardly revised $24 to $26 range. Read more

The crypto exchange put an exclamation point on the busiest week for initial public offerings in the U.S. since 2021.

Cardano price prediction has strengthened with whales adding over 150M ADA in recent weeks and open interest climbing toward all-time highs. A falling wedge breakout suggests upside potential, though resistance near $1 and neutral indicators leave room for a retest before sustained recovery. The post Cardano Price Prediction: Falling Wedge Breakout + Whale Surge – ADA About to Have a Solana-Style Breakout appeared first on Cryptonews.

Ethereum’s near-100% surge has fueled a $1.7T altcoin market cap, now testing 2021 highs as Bitcoin trades mostly sideways.

Tether has unveiled USA₮ for the U.S., backing a dollar token with transparent reserves, issued via Anchorage Digital and supported by Cantor Fitzgerald, and has named Bo Hines CEO. Stablecoin compliance has been aligned with the GENIUS Act and the token will run on the Hadron platform. The post Tether Shakes Up Stablecoin Market, Unveils New U.S.-Based Rival ‘USAT’ appeared first on Cryptonews.

MYX Finance’s native token was the week’s largest gainer, with an over 1,100% gain. Worldcoin followed with over 90% gains. An unknown Hyperliquid trader has surpassed James Wynn, becoming the trading platform’s biggest losing whale, with more than $40 million in losses within a month, according to blockchain data.  Lookonchain revealed that the trader made high-leverage trades, with nearly $40 million loss on Hyperliquid (HYPE), after selling about 900,000 tokens before the asset rebounded.  The whale later lost another $35 million on an Ether (ETH) position. After that, he pivoted to a short position and then lost another $614,000. His Bitcoin (BTC) position is also underwater, with unrealized losses of nearly $2 million.  Read more

The Winklevoss-led crypto exchange had sold 15.2 million shares, raising $425 million.

CryptoQuant credits institutional accumulation and staking interest surging as Ethereum tops $4,600 for the first time in September.

Bitcoin climbs to $115,569 as Nasdaq-listed Mogu buys $20M in BTC, ETH, and SOL. Technicals point to an ascending triangle breakout toward $130K. The post Bitcoin Price Prediction: Nasdaq-Listed Chinese Fashion Giant Buys BTC – Wall Street About to Deploy Billions into Crypto appeared first on Cryptonews.

Solana hit $241 on Friday, the highest price seen since January, following Forward Industries' $1.65 billion institutional investment deal.

PolyMarket has integrated ChainLink Data Streams and Automation on Polygon, accelerating BTC and ETH market resolutions. U.S. clearance has followed via QCEX and a CFTC no-action letter. Chainlink has expanded with ICE, SBI, and Commerce and holds 62% oracle share per DeFiLlama. The post Chainlink Cements 62% Dominance After Inking Major Polymarket Deal to Supercharge Prediction Market Accuracy appeared first on Cryptonews.

SOL gained 6% to trade near $240 as the Galaxy Digital CEO explained why he is bullish on Solana and a top analyst projected a technical breakout pointing toward $1,314.

A Nasdaq-listed esports company announced its Bitcoin and Ethereum treasury move on Friday—and its stock doubled in value.

Solana breaks out of a multi-year cup and handle, with analysts eyeing $1,314 as key target while indicators show strong momentum.

Polymarket is taking a new approach to how some markets are resolved, giving Chainlink authority over some of its users’ price predictions.

Altcoin Season has featured rotation into tokens with concrete drivers. Pudgy Penguins has announced a partnership tied to Solana infrastructure. Solana has drawn large institutional inflows. Jupiter has expanded access through Binance Wallet’s integration of Jupiter Lend. The post Altcoin Season Intensifies as Pudgy Penguins, Solana, Jupiter Rally – Here’s Why appeared first on Cryptonews.

WisdomTree has unveiled a tokenized investment vehicle to bring private credit directly onto blockchain rails. The WisdomTree Private Credit and Alternative Income Digital Fund (CRDT) launched Sept. 12 on Ethereum and Stellar blockchains. It will be available to investors through the company’s Prime and Connect platforms. WisdomTree’s CRDT According to the statement, the fund’s performance […] The post WisdomTree puts $1 trillion private credit market on Ethereum and Stellar for $25 appeared first on CryptoSlate.

Legal representatives for Coinbase filed a motion for a legal hearing and potential remedies after the SEC failed to comply with FOIA requests. Coinbase is escalating its dispute with US regulators over past communications involving former Securities and Exchange Commission Chair Gary Gensler. Coinbase filed a legal motion on Thursday requesting a hearing to address the SEC Office of the Inspector General’s investigation, which found that the agency deleted nearly one year’s worth of text messages from Gensler and other senior officials in “avoidable” errors. The exchange said the SEC should explain why it did not conduct a full search of agency records, including text messages from Gensler and senior SEC officials, when it requested the messages in several Freedom of Information Act (FOIA) filings from 2023 and 2024. Read more

Pepe has quietly broken out amid Dogecoin's ETF run – Pepe price prediction now eyes $1, reaping fresh retail liquidity. The post Pepe Price Prediction: PEPE Breaks Out Ahead of DOGE ETF – Will Pepe Become the Next $1 Meme Coin? appeared first on Cryptonews.