Bitcoin closed the week down 2.7% at around $62,990, with spot Bitcoin ETFs reversing strong inflows into outflows and XRP briefly falling below $1 due to a cross-chain bridge exploit. Despite stable prices, significant structural shifts occurred: Goldman Sachs agreed to acquire NEOS Investments, gaining crypto income ETFs; Bitcoin miners like Riot Platforms sold BTC to fund AI data centers amid unprofitable mining conditions; and US crypto regulatory progress was delayed to September. The crypto market remains range-bound with low volatility, trading mainly on ETF flows rather than inflation data, while regulatory clarity and miner selling pressure are key factors to watch next.
The XRPL stablecoin market grew by 14.6% in one week, reaching about $1.33 billion as of October 3, driven mainly by Ripple's RLUSD stablecoin, which accounts for roughly 93% of the total value on the XRPL. RLUSD's circulation has surpassed $2.4 bill...
Cardano (ADA) surged 11% in 24 hours, trading between $0.24 and $0.27, driven by a short squeeze as open interest dropped 11.68%. The token now faces immediate resistance at $0.28 and strong resistance at $0.29, with technical indicators showing over...
XRP is approaching a critical resistance level at $1.53, with analyst Ali Martinez noting that a four-hour close above this price could confirm a move toward $1.62, representing about 7% upside. Despite previous attempts to break above $1.50, XRP has...
Bitcoin has risen nearly 47% from its July low of $57,800 to around $86,000, yet Binance Research warns the current cycle bottom remains unconfirmed based on historical patterns. Their study found that rebounds of this size often fail if they occur b...
Metaplanet plans to allocate 85% to 90% of its total assets to Bitcoin, with the remaining 10% to 15% directed towards mergers, acquisitions, income-generating assets, and asset management. The company aims to keep borrowing related to its Bitcoin ho...
