Crypto

Employee share sale pushes OpenAI to a $500 billion valuation as investor frenzy in artificial intelligence continues to grow.

Bitcoin has traded above $120K amid renewed institutional demand. Spot allocations have increased, BlackRock and Fidelity have led daily flows, and ETF trackers have reported volume exceeding $5B as Vanguard has reconsidered allowing crypto ETFs on its platform. The post Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next? appeared first on Cryptonews.

Sui enters the stablecoin race with a fully backed token and a synthetic dollar using delta-neutral hedging, as synthetic finance gains new traction. Synthetic stablecoins are returning to the spotlight this year — this time with renewed confidence in financial engineering designed to neutralize volatility through delta-hedged strategies. On Wednesday, SUI Group, a publicly traded company providing exposure to the Sui blockchain, announced plans to launch suiUSDe and USDi, described as the first native stablecoins of the Sui ecosystem. The initiative is being developed in partnership with Ethena Labs and the Sui Foundation. The two stablecoins take distinct approaches to maintaining a dollar peg. USDi will be fully backed by tokenized shares of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), a regulated money market fund holding short-term US Treasurys and cash equivalents. Read more

Bitcoin price aims for $125,000 as the gold rally and reduced inflation risks strengthen investors’ conviction in interest rate cuts and a rally from alternative assets. Key takeaways: Over $313 million in Bitcoin bearish positions were liquidated, signaling conditions for a short squeeze. Gold’s momentum highlights investors’ search for alternatives as interest rate cut expectations gain traction. Read more

Paul Faecks says no XPL team tokens have been sold, with allocations locked for three years with one year cliff amid insider dump rumors.

Zcash has more than doubled, reaching its highest since April 2022 as privacy demand, zk-SNARK momentum, and Grayscale access have lifted volume and market cap above $1.8B, while EU AML rules have planned restrictions on privacy coins by 2027. The post Zcash (ZEC) Explodes 100% as Privacy Coin Demand Surges Amid Uptober Rally appeared first on Cryptonews.

Top markets on Myriad this week include price predictions for Bitcoin and Solana, as well as odds of Polymarket token news.

Sharps Technology has approved a $100M repurchase and secured a $400M PIPE supporting its Solana treasury, alongside an MoU for discounted SOL. STSS has declined while SOL has gained, reflecting divergent trends into Q4. The post Sharps Technology Unveils $100M Solana Buyback – Are Treasury Firms Turning Sour on SOL? appeared first on Cryptonews.

Avalanche (AVAX) is suddenly the target of a planned billion-dollar buying spree from public market digital asset treasury (DAT) vehicles. AgriFORCE said it will rebrand to “AVAX One” and accumulate roughly $700 million of AVAX. Meanwhile, Avalanche Treasury Co. (AVAT) unveiled a $675 million SPAC deal that seeds about $460 million in balance sheet assets […] The post Avalanche treasuries line up $1 billion to make AVAX part of the multi-chain finance appeared first on CryptoSlate.

In his latest blog post, Hayes attacks the Eurozone, in particular focusing on France's problems.

TradFi dives deeper into crypto: Tether’s mega raise, SEC eyes onchain stocks, JPMorgan expands Kinexys and a biotech bets treasury on DePIN. If this week’s Crypto Biz had a theme, it’s the steady march of traditional finance deeper into crypto’s core infrastructure. Tether is reportedly courting major venture firms for a funding round that could value the stablecoin issuer alongside private tech giants like OpenAI. At the same time, US regulators are considering whether traditional stocks should trade onchain, as the convergence between the Securities and Exchange Commission, Wall Street and tokenization gains momentum. Elsewhere, JPMorgan’s Kinexys platform added a major Gulf bank as a user, while a Nasdaq-listed biotech firm built a treasury entirely around a DePIN token. Read more

President Donald Trump's administration is reportedly poised to name a nominee to swap in for the earlier pick of former Commissioner Brian Quintenz.

XRP is pumping again. Prediction market traders are leaning bullish, but the charts suggest any celebrations might be premature.

The fresh funding will supplement a $30M Doppler Finance tie-up, which is part of a $200M XRP allocation roadmap.

ETH bottomed at $3,900, and a unique trading pattern forecasts another 100% gain by mid-2026. Key takeaways: Ethereum may have found a floor at $3,900, signaling a local bottom. A rare Power of 3 pattern suggests a potential 80% to 100% breakout in Q4.  Read more

Canaan’s 50,000-rig deal, its largest in more than three years, signals a renewed US appetite for Bitcoin mining, according to the company’s CEO. Canaan Inc. shares jumped more than 26% in early trading Thursday after the crypto mining firm landed a 50,000-rig order. Canaan said that a US-based company purchased the latest-generation “Avalon A15 Pro” mining machines, an institutional-grade Bitcoin mining rig. The buyer was not disclosed, but the sale was reported as Canaan's largest in over three years. The company’s CEO, Nangeng Zhang, said the sale highlighted both companies’ “confidence in the long-term growth” of Bitcoin mining and the “demand for highly efficient, next-generation infrastructure.” Read more

1inch co-founder Sergej Kunz said centralized crypto exchanges will gradually fade and serve only as frontends for decentralized finance. Centralized crypto exchanges could disappear within the next decade as decentralized finance (DeFi) aggregators take over, according to 1inch co-founder Sergej Kunz. In an interview with Cointelegraph at Token2049 in Singapore, Kunz predicted that exchanges will slowly transition into frontends for decentralized exchanges (DEXs). “I think it will take like five to 10 years,” he said. Kunz argued that while centralized exchanges are isolated markets, 1inch and its aggregator act as a global liquidity hub. His comments came as 1inch announced a deal with major US crypto exchange Coinbase, integrating its service to provide DEX trading to its users. Read more

Pump.fun’s native token has jumped 32% in the past 7 days, and technical indicators now point to even bigger gains ahead, supporting a bullish Pump price prediction.The surge follows a major spotlight from ARK Invest, which featured Pump.fun in its latest ARK Disrupt newsletter.The ARK Research Institute described the platform as “TikTok for Crypto,” highlighting […] The post PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher appeared first on Cryptonews.

Pantera Capital has drawn attention after Sen. Ron Wyden has alleged founder Dan Morehead has avoided more than $100M in U.S. taxes by misrepresenting residency and using a Puerto Rico program, and has requested a response by Oct. 15 regarding treatment of gains reportedly realized around his move. The post Pantera Capital Founder Dan Morehead Refusing To Cooperate In Tax Avoidance Probe, Senator Claims appeared first on Cryptonews.

Ethereum NFT collection Moonbirds is flying high again, with prices rising after the project announced plans to launch a Solana token.