Author: Digicoinvision
America’s federal government has entered its third week of shutdown, leaving as many as 16 exchange-traded funds (ETF) awaiting approval should the shutdown continue into November. Most of the US government came to a standstill on Oct. 1 when the Republicans and Democrats failed to reach a funding agreement. This has caused agencies, including the US Securities and Exchange Commission, which approves ETF applications, to run with only essential staff. The crypto industry was set for a flood of ETFs in October, with the SEC set to make their final decisions on at least 16 crypto ETFs, and another 21 applications…
The Trump administration is reportedly “leaning toward a pardon” for Binance co-founder Changpeng “CZ” Zhao, who pleaded guilty to money laundering charges in 2024 and spent four months in prison. According to New York Post columnist and Fox correspondent Charles Gasparino, sources close to Zhao said that Trump insiders believe the case against CZ was “pretty weak, and certainly not something that merited a felony charge and jail time.”“Trump… is leaning toward a pardon (consider the source), which could set the stage for CZ’s return to the crypto exchange since he remains Binance’s largest shareholder,” he said, citing people close…
Bitcoin Core developers saw a mixed reaction from the Bitcoin community as they announced the release of their v30 update, bringing forward a host of node-related changes to architecture, performance, and security. The key changes brought forward in Bitcoin Core 30.0 are the introduction of optional encrypted connections between nodes for better privacy and the increase of the OP_RETURN data limit within Bitcoin Core software from 80 to 100,000 bytes, enabling a significantly larger amount of non-financial data to be embedded in Bitcoin transactions. “With the release of this new major version, versions 27.x and older are at ‘End of…
Join Our Telegram channel to stay up to date on breaking news coverage BlackRock’s spot Bitcoin ETF (exchange-traded fund) IBIT is showing “utopia-esque” returns even after the $19 billion crypto market flash crash. That’s according to Bloomberg Intelligence ETF analyst Eric Balchunas, who noted the fund has surged 76% in the past year despite the recent slump. It’s also up 37% in the past six months. According to data from Google Finance, IBIT’s price fell over 3% on Oct. 10 and another 3% in after-hours trading in response to US President Donald Trump announcing additional tariffs of 100% on China’s…
Join Our Telegram channel to stay up to date on breaking news coverage Tom Lee’s BitMine is buying the dip, snapping up $480 million worth of Ethereum after the latest market sell-off. Lookonchain said on X that six wallets linked to BitMine withdrew 128,718 ETH from FalconX and Kraken. The buy followed a flash crash triggered by US President Donald Trump’s announcement that he would slap additional 100% tariffs on China’s exports. ”It’s easier for BitMine to achieve the ‘alchemy of 5%’ at $3,800 ETH than $10,000 ETH,” said BitMine, the largest ETH treasury firm. ”PS: just fact.” FACT: It’s…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Ethereum price has had one of the most interesting price actions so far in 2025, dropping to as low as $1,500 early on in the year. The “king of altcoins” has since gone on to forge a new all-time high at $4,946, while outperforming most large-cap crypto assets along the way. As a result of the market-wide downturn, the Ethereum price has caused pain among investors, falling by double digits to around $3,750 on Friday, October 10. However, this latest spike in volatility has led to…
The Ethereum price has struggled to mount any significant bullish pressure since hitting the all-time high of $4,946 in August. The bullish momentum of the second-largest cryptocurrency has mostly waxed and waned, reaching the $4,750 high twice in the past few weeks. After running up to this local peak on Tuesday, October 7, the Ethereum price has been on a steady descent in recent days. This bearish pressure intensified on the close of the week, with the ETH price falling towards $3,700 due to United States President Donald Trump’s tariff imposition on China. Interestingly, a recent technical outlook still points…
The USDe synthetic dollar depegged on the Binance crypto exchange due to an internal oracle issue and not because of the underlying collateral, the Ethena protocol, or the token itself, according to Guy Young, the founder of Ethena Labs, the creator of USDe.USDe minting and redeeming worked “perfectly” during Friday’s flash crash, he claimed; $2 billion in USDe was redeemed during 24 hours across crypto exchanges, including Curve, Fluid, and Uniswap, with minimal price deviations of 30 basis points (BPS) or less, Young said.The price of USDe fell from about $1 to $0.65 on Binance during the crash because the…
BNB’s recent surge to a new all-time high above $1,300 is not an “unexpected upshot or rare peak,” rather it shows the network’s credibility, according to David Namdar, CEO of Nasdaq-listed CEA Industries, which has also become the world’s largest BNB Treasury.In a recent interview with Cointelegraph, Namdar called BNB (BNB) “the most overlooked blue-chip in the market,” arguing that the rally reflects years of underappreciated fundamentals finally breaking through.“The market is waking up to the credibility, scale, and utility of the BNB ecosystem,” he said, pointing out the chain’s rising throughput, active users and steady DeFi and gaming traction.…
October’s historic crypto market crash forced a reckoning across leveraged trading, sent prices tumbling, and set the stage for audacious institutional dip-buying. Among the biggest actors was Tom Lee’s Bitmine Immersion Technologies. The behemoth Ethereum treasury company rapidly expanded its already massive ETH coffers by acquiring 128,718 more ETH (worth about $480 million) immediately after the sharp sell-off.Bitmine buys the dipAccording to real-time data shared by on-chain analytics firm Lookonchain, Bitmine moved quickly in the wake of the plunge. It withdrew over 128,000 ETH from major exchanges FalconX and Kraken using six newly activated wallets likely tied to Bitmine.These transfers…