Crypto

BTC is down but not out following Powell's hakwish commentary on rates.

An AI-penned romance stormed to No. 1 on Kadokawa’s Kakuyomu site after flooding it with machine-written chapters. Critics warn that AI-created novels could replace human writers.

Bitcoin price fell to $109,200 despite the Federal Reserve confirming a 0.25% interest rate cut and the end of quantitative tightening. Traders expect future rate cuts, so why is BTC falling? Key points:  Bitcoin’s sell-off accelerated after the Federal Reserve cut rates by 25 basis points. Weakness in crypto shows traders are looking at macroeconomic headwinds like a weakening jobs market and inflation, despite believing that interest rate cuts will continue into 2026.  Read more

The Federal Reserve cut rates by 25 basis points today and hinted that its balance-sheet runoff may soon end, arguably the bigger story for Bitcoin. With the overnight reverse repo facility nearly empty at roughly $14 billion, any further quantitative tightening now drains bank reserves directly. That shift means even small tweaks to QT have […] The post Fed cuts 25 bps, but there is another hidden macro challenge looming appeared first on CryptoSlate.

Though acknowledging growing weakness in the labor market, Powell said a December rate cut is not a "foregone conclusion."

Democratic senators, including Elizabeth Warren, have asked the DOJ for details on Trump's pardon of Changpeng Zhao, calling it a favor for a white-collar criminal who enriched the president. The post Democrats Blast Trump’s ‘Corrupt’ CZ Pardon — Claim Crypto Lobby Spent Millions appeared first on Cryptonews.

For years, Solana was seen as crypto’s fast but fragile alternative to Ethereum, which was admired for its speed but dismissed as untested. However, that perception shifted dramatically this week. Record launch On Oct. 28, Bitwise’s Solana Staking ETF (BSOL) debuted with $69 million in first-day inflows, the strongest launch among roughly 850 ETFs introduced […] The post How Solana’s ETF success will propel SOL price to new heights above $500 appeared first on CryptoSlate.

Positive regulatory developments in the US over the last 12 months are a good sign for the digital asset industry and markets, the Strategy co-founder said. Michael Saylor, the co-founder of Strategy, the biggest Bitcoin (BTC) treasury company by holdings, forecast that Bitcoin would hit $150,000 by the end of 2025. “I think that these 12 months have probably been the best 12 months in the history of the industry,” Saylor told CNBC at the Money 20/20 conference in Las Vegas on Monday.  Saylor cited the Securities and Exchange Commission (SEC) embracing tokenized securities, US Treasury Secretary Scott Bessent endorsing stablecoins to protect dollar dominance, and the overall regulatory pivot in the US as reasons to remain bullish. He said: Read more

Bitcoin fell over 4 percent to near $111,000 on Wednesday as U.S. equities set new highs ahead of the Federal Reserve decision, a divergence driven more by crypto’s positioning and flows than a broad macro risk-off. Nvidia crossed $5 trillion in market value, concentrating stock gains in a handful of AI leaders even as crypto […] The post Crypto market loses $100 billion in market cap while S&P hits new highs appeared first on CryptoSlate.

No surprises today as the US Federal Reserve announces the second consecutive rate cut of 25 basis points.

Recent jobs data and other economic indicators have pointed to a slowing economy.

Headed lower on Wednesday ahead of the decision, bitcoin remained so in the minutes following the news at $111,700, down 3% over the past 24 hours.

Many in Congress are scrutinizing Donald Trump’s presidential pardon of Changpeng Zhao, but Senator Elizabeth Warren’s comments drew attention from the former Binance CEO. Former Binance CEO Changpeng “CZ” Zhao is reportedly considering filing a libel suit against Massachusetts Senator Elizabeth Warren over claims related to him allegedly bribing US President Donald Trump for a pardon. According to a Tuesday New York Post report, Zhao’s lawyer, Teresa Goody Guillén, a partner at Baker & Hostetler, said the former Binance CEO plans to file a lawsuit unless Warren retracts claims she made in an Oct. 23 X post following his presidential pardon.  The social media post, which now includes context from readers, claimed CZ “pleaded guilty to a criminal money laundering charge,” leading to his four-month prison sentence in 2024. Zhao pleaded guilty to one charge related to his failure to maintain an effective Anti-Money Laundering program at Binance in November 2023 — a violation of the Bank Secrecy Act. Read more

Telegram founder Pavel Durov unveiled Cocoon—a TON-powered network where GPU owners earn crypto for providing private AI compute.

Many crypto firms increased year-over-year spending 25% in 2024.

The bipartisan GUARD Act would criminalize exploitative AI interactions with children and require companies to disclose when users are speaking to a machine.

XLM demonstrates resilience with modest gains and exceptional volume surge, signaling potential momentum building beneath current consolidation patterns.

Barclays, JP Morgan and Compass Point see gains in USDC and trading, but clash over Base, Deribit and profit margins.

Visa’s growing stablecoin network positions it as the key infrastructure player in blockchain payments, while individual tokens risk becoming commoditized assets.

Bitcoin swing traders took profits, and bears opened fresh shorts after BTC failed to recapture levels above $118,000. Will today’s FOMC presser kickstart a trend reversal in BTC and altcoins? Key points: Bitcoin’s failure to rise above $118,000 may have attracted profit-booking by short-term traders, resulting in a drop toward $107,000. Several major altcoins turned down from their overhead resistance levels, signaling that the bears remain sellers on rallies. Read more