Crypto

Bitcoin price strength collapsed as US regional bank stress spilled over into crypto as it did in 2023, while traders focused on $100,000. Key points: Bitcoin falls to its lowest levels since June as familiar US banking turmoil returns. Traders see $100,000 possibly failing as support. Read more

Almost 290,000 traders have been liquidated in the past day.

The fintech firm wants to start a digital asset treasury for its own native cross-border payments token, XRP. 

XRP struggles below $2.80 resistance as bearish signals grow; analysts watch key levels amid downside momentum.

The tone in risk markets soured again overnight as traders rotated back to stablecoins, avoiding bitcoin and smaller tokens ahead of key Federal Reserve and geopolitical catalysts.

Futures tied to the S&P 500 continue to signal risk-off, bolstering haven demand for bonds.

Decentralized exchange Uniswap has integrated with Jupiter’s Ultra API, making over a million Solana tokens available on its web app. Decentralized exchange giant Uniswap has added support for the Solana network to its web app, enabling users to link their Solana wallet and trade Solana-based tokens alongside those from other networks. The company stated in a blog post that it is exploring bridging, crosschain swaps and full Uniswap Wallet support for Solana. Solana transactions made via the web app will be routed through the Solana DEX aggregator Jupiter, with its pseudonymous co-founder SIONG stating that Uniswap is the first major partner to utilize the Jupiter Ultra API for swaps. Read more

The largest daily redemption since August reflects shifting sentiment after a record-breaking summer for ETF inflows and a growing link between macro risk, derivatives positioning, and bitcoin price action.

Ripple Labs is already a significant XRP holder, with its market report from earlier this year revealing it had 4.5 billion tokens in its stash, with another 37 billion locked in escrow. Ripple Labs is reportedly on the cusp of launching a fundraising effort to purchase $1 billion worth of its XRP token to hold in a digital asset treasury, according to Bloomberg. The fundraiser is being organized through a special purpose acquisition company or SPAC, Bloomberg reported on Friday, citing anonymous people with knowledge of the matter. The digital asset treasury (DAT) will consist of the freshly bought XRP (XRP) and Ripple will also throw in some of its own stockpile, but the exact terms of the transaction are still being hashed out, and could change before the deal is inked, according to Bloomberg’s sources. Read more

BitMine’s Tom Lee says that Ethereum will eventually flip Bitcoin’s market cap, despite being almost five times smaller currently. Ethereum could eventually surpass Bitcoin’s market share in a similar manner to how US equities overtook gold 54 years ago, when the US abandoned the gold standard, according to BitMine chair Tom Lee. “Ethereum could flip Bitcoin similar to how Wall Street and equities flipped gold post 71,” Lee said in an interview with ARK Invest CEO Cathie Wood on Thursday.  Bitcoin’s (BTC) market capitalization is about 4.6 times larger than Ethereum’s, standing at roughly $2.17 trillion compared to $476.33 billion, according to CoinMarketCap. Read more

VanEck's Lido staked Ethereum ETF and 21Shares’ leveraged Hyperliquid fund were among the ETFs that reached the SEC's desk this week amid a government shutdown. There has been a recent flurry of activity for US crypto exchange-traded funds this week, with at least five new product applications filed with the US Securities and Exchange Commission despite the ongoing government shutdown.  The most recent development came from VanEck, which filed an S-1 form with the SEC on Thursday for the VanEck Lido Staked Ethereum ETF, which will track the performance of stETH, Lido’s liquid staking token. As a result of the protocol-based liquid staking activities underlying stETH, “the trust expects to accrue certain staking rewards through its ownership of stETH,” it stated.  Read more

South Korea has approved Binance’s acquisition of GOPAX, ending a two-year review and clearing the exchange to re-enter the Korean market.

Another Friday has come around, which means another batch of Bitcoin and Ether options contracts are expiring as spot markets remain in reset mode.

Analysts see continued volatility for Bitcoin as short sellers dominate derivatives while spot buyers provide fragile support.

Despite a $4 trillion crypto market capitalization, Google searches for “buy Bitcoin” remain near multi-year lows.

Tokyo’s legislative-first model creates a gravitational pull across Asia and beyond in a bid to clamp down on insider trading, observers say.

Jack Dorsey and Peter Todd are among the Bitcoiners voicing support for privacy messaging app Signal to adopt Bitcoin amid a “Bitcoin for Signal” campaign. Several Bitcoiners, including Jack Dorsey, have reinforced their push for the privacy-focused messaging app Signal to adopt Bitcoin through a new “Bitcoin for Signal” campaign, which aims to integrate Bitcoin with the Cashu protocol to enable payments within the app. “@Signalapp should use Bitcoin,” Dorsey posted to X on Thursday, retweeting a post from pseudonymous Bitcoin developer Cashu, who is behind the Bitcoin for Signal campaign. Bitcoin for Signal aims to implement Cashu’s “Chaumian Ecash” solution, which integrates Bitcoin with the Cashu protocol to enable Bitcoin payments on Signal. Read more

The simultaneous rise in volatility across assets signals a widespread risk-off sentiment among investors.

Zeta's private placement funded in Bitcoin or SolvBTC, a wrapped Bitcoin token, is being touted as a means to strengthen its balance sheet.

Dogecoin whales are dumping and the charts are flashing red. Is a bearish Dogecoin price prediction now unavoidable?Just three days ago, House of Doge – the corporate arm of the Dogecoin project backed by its Foundation and community – announced plans to merge with a Nasdaq-listed company and launch its own treasury.But despite the bullish […] The post Dogecoin Price Prediction: Huge Sell-Off After NASDAQ News – Is This the Calm Before the Next Big Move? appeared first on Cryptonews.