Author: Digicoinvision
October is historically one of Bitcoin’s (BTC) best-performing months, but this year, BNB (BNB) is stealing the show.“Uptober” — coined to describe Bitcoin’s typically bullish Octobers — began on a high note this year, when the US government shutdown had just begun. Now, as Washington’s funding deadlock stretches past three weeks, that optimism has faded amid trade tensions and the aftermath of a historic liquidation event.Meanwhile, BNB, the native token of Binance’s BNB Chain, has set new all-time highs twice this month. The network is experiencing a surge in memecoin trading and is competing directly with Hyperliquid in the decentralized…
Ethereum is regaining momentum as traders position ahead of key U.S. economic data that could shape the next move across crypto markets. Summary Ethereum price rose nearly 2% to around $3,870 as investors await the upcoming U.S. inflation report. A modest uptrend in the broader market is adding to the price boost. Stronger on-chain activity and DeFi growth are reinforcing market confidence as ETH tests resistance near $3,890, eyeing a potential breakout toward $4,090. Ethereum is trading around $3,870, up nearly 2% over the past 24 hours, as the market turns its attention to the upcoming U.S. inflation report. The…
Join Our Telegram channel to stay up to date on breaking news coverage The Hong Kong Stock Exchange (HKEX) has rejected multiple attempts by listed companies to make crypto treasuries their core business. That’s according to a Bloomberg report that said Hong Kong Exchanges & Clearing Ltd. has challenged the plans of at least five such firms in recent months. The story cited sources familiar with the matter, who said that transitioning into a pure-play crypto accumulator is currently forbidden by the bourse. Companies Are Prohibited From Having Large Liquid Holdings The exchange is blocking the applications as part of…
The European Union adopted its 19th sanctions package against Russia, introducing restrictions on cryptocurrency platforms for the first time since the war in Ukraine began.The measures, adopted on Thursday, prohibit Russia-based crypto payment providers and the distribution of related payment software across the bloc. The sanctions also target Russian energy firms, banks, and entities in China, Kyrgyzstan, Tajikistan, Hong Kong and the United Arab Emirates, accused of helping Moscow evade previous restrictions. “We have just adopted our 19th package of sanctions,” said Kaja Kallas, the EU’s high representative for foreign affairs and security policy. “It targets Russian energy, banks, crypto…
India-based crypto trading platform WazirX will restart its exchange on Friday, following a long hiatus caused by a $234 million hacking incident. WazirX CEO Nischal Shetty said in a Thursday announcement that the company will relaunch trading Friday, offering zero trading fees for at least 30 days as part of a phased reboot. “We will try our best to extend even further! We want to be with our tribe and support you in whatever way we can,” Shetty wrote on X, adding that they will do what it takes to help users become successful.The relaunch follows more than a year of halted trading…
Tokyo-listed Quantum Solutions has become the largest Ethereum treasury company outside of the United States after acquiring over 2,300 ETH over the past week. Summary Quantum Solutions acquired 2,365 ETH in 7 days to become the largest Ethereum treasury outside the US. The firm raised roughly $180 million in September through a funding round led by ARK Invest. Quantum’s shares have fallen by over 28% in the past five days. “I’m proud to announce that we have accumulated 2,365 ETH in just 7 days, officially making Quantum Solutions the largest ETH DAT outside the US,” Quantum Solutions’ founder, Francis Zhou,…
Join Our Telegram channel to stay up to date on breaking news coverage Citi has assigned a ”Buy” rating to Michael Saylor’s struggling Bitcoin treasury firm Strategy, forecasting 61% upside over the next 12 months based on Bitcoin hitting the bank’s $181,000 price target. Strategy is a ‘’leveraged proxy’’ for Bitcoin’s performance, the Wall Street investment bank said in an Oct. 21 research note. It set a $485 price target for Strategy shares, assuming Bitcoin hits its 12-month price forecast and the company maintains its typical premium to net asset value. But its analysts warned that while the stock offers…
Decentralized exchange Bunni has announced it is shutting down following an $8.4 million exploit in September, and is now the second crypto project team to throw in the towel this week. In a Thursday X post, the team stated that it will be winding down operations due to a lack of funds.“The recent exploit has forced Bunni’s growth to a halt, and in order to securely relaunch, we’d need to pay 6-7 figures in audit & monitoring expenses alone — requiring capital that we simply don’t have,” they said. The team said they didn’t have considerable amount needed to spend on…
Join Our Telegram channel to stay up to date on breaking news coverage The US Federal Reserve is preparing to join the “revolution in payments” and bring crypto “from the fringes” of finance into the mainstream. That’s according to Governor Christopher Waller, who said at the Fed’s Payments Innovation Conference in Washington on Oct. 21 that the central bank will grant stablecoin issuers and fintech firms access to its payment system through proposed “skinny” master accounts. The move underscores a dramatic shift in the Fed’s approach to digital assets and decentralized finance. Waller said technologies like stablecoins, tokenized assets, and…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After two weeks of a disappointing run, Ethereum (ETH) is once again capturing institutional interest as major funds and asset managers step into the smart-contract platform. According to recent data, Bitmine Immersion Technologies purchased approximately $251 million worth of ETH, adding 63,539 tokens to its portfolio and bringing its holdings to over 3 million ETH ($13 billion). ETH’s price trends to the downside on the daily chart. Source: ETHUSD on Tradingview Institutional Capital Flows Bolster Ethereum’s Bullish Case BlackRock’s clients have added $41.91 million in Ethereum, marking…