New York’s top financial regulator advised banks to expand their use of blockchain analytics when handling virtual currency. The regulator noted in a Sept. 17 industry letter sent to state-chartered banks and foreign branches operating in New York that the tools can help institutions better manage risks related to money laundering, sanctions violations, and other […]
The post New York regulator urges banks to harness blockchain analytics for crypto risks appeared first on CryptoSlate.
From meme coin to fizzy drink: Rekt sells culture you can sip, and prediction market users are wagering on how fast it will disappear.
Bitcoin has observed a recovery surge toward $117,000 as on-chain data shows Binance users have been making consistent withdrawals recently. Binance Bitcoin Netflow Has Been Negative Recently As pointed out by CryptoQuant community analyst Maartunn in a Quicktake post, BTC has been flowing out of Binance recently. The on-chain indicator of relevance here is the “Exchange Netflow,” which keeps track of the net amount of Bitcoin that’s entering into or exiting out of the wallets connected to a given centralized exchange. When the value of this metric is positive, it means the inflows are overwhelming the outflows on the platform. Generally, one of the main reasons why investors deposit their coins in exchanges is for selling-related purposes, so this kind of trend can be a bearish sign for the asset’s price. Related Reading: Bitcoin Trend Constructive As Long As This Metric Holds, Glassnode Says On the other hand, the indicator having a value under zero implies the holders are taking a net number of tokens out of the custody of the exchange. Such a trend may be a sign that the investors are accumulating, which is naturally something that can be bullish for BTC. Now, here is a chart that shows the trend in the Bitcoin Exchange Netflow for Binance, the largest exchange in terms of trading volume, over the past month: As displayed in the above graph, the Bitcoin Binance Exchange Netflow has been negative for the last nine days, indicating that investors have constantly been pulling supply out of the platform. In the same period as these outflows, BTC has seen a recovery run toward the $117,000 level, so it would appear possible that the withdrawals have had a role to play in it. The outflows are also interesting in the context of the two-day Federal Open Market Committee (FOMC) meeting, which kicked off on Tuesday and will conclude on Wednesday with a speech from US Fed Chair Jerome Powell. “Most analysts expect the Fed to cut rates this week, with prediction markets like Polymarket showing a 92% probability of a rate cut,” notes Maartunn. “The steady outflows from Binance may reflect early positioning ahead of this event.” It now remains to be seen how the market will react when Powell delivers the Fed decision, and whether the streak of Bitcoin net outflows from Binance will continue. Related Reading: Bitcoin Bull Score Sees Sharp Jump, No Longer Signals Bear Phase Bitcoin outflows aren’t the only thing that has occurred on Binance ahead of the FOMC meeting. As CryptoQuant author Darkfrost has pointed out in a Quicktake post, the exchange has also seen massive stablecoin inflows. From the chart, it’s visible that Binance has seen a large stablecoin netflow spike corresponding to the deposit of nearly $2 billion worth of stablecoins. Investors transfer their fiat-tied tokens to exchanges when they want to buy into an asset like Bitcoin, so this could be another indication of investors repositioning in anticipation of the Fed decision. BTC Price At the time of writing, Bitcoin is trading around $116,400, up around 3.6% over the last week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.
BitGo launches regulated trading services for European institutions, approved by BaFin, combining custody, execution, and liquidity.
The post BitGo offers regulated trading services for European institutions appeared first on Crypto Briefing.
Bitcoin (BTC) whipsawed on Sept. 17 after the Federal Reserve confirmed a 25 basis-point interest rate cut, lowering its target range for the federal funds rate to 4% to 4.25%. The decision also reduced the interest rate paid on reserve balances to 4.15% and lowered the primary credit rate to 4.25%, both effective Sept. 18. […]
The post Bitcoin volatility spikes as FOMC confirms 25 basis-point rate cut for September appeared first on CryptoSlate.
OpenLedger’s OPEN token has gone live on every major global exchange, marking one of the biggest debuts in crypto this year. Traders can now access OPEN on Binance, Bithumb, Upbit, KuCoin, BitMart, MEXC, Gate.io, HTX, Bitavo, and BingX, making the token available to millions of users worldwide from day one. The launch follows OPEN’s explosive …
The move to spark increased innovation comes as the Paradigm-backed Kalshi experiences an uptick in monthly trading volume.
Federal Reserve cuts rates by 25bps, flags rising unemployment risks, and signals further easing may follow.
The post Fed warns of slowing jobs and higher unemployment after rate cut move appeared first on Crypto Briefing.
Four senior executives who work on the institutional side of business have recently left Kraken.
The Federal Reserve 25 basis point interest rate cut lowers the federal funds rate, affecting borrowing costs and economic outlook.
The post Federal Reserve announces 25 basis point interest rate cut appeared first on Crypto Briefing.
"XXXXXXXXX," the U.S. Federal Reserve said Wednesday.
The U.S. central bank lowered its benchmark rate range by 25 basis points to 4%-4.25%, citing softening labor markets and economic uncertainty.
Pi Coin is struggling to register any bullish momentum, and all indicators suggest this might continue into the foreseeable future. Since its launch, the Pi Network price has crashed by about 88%, which has left many early supporters and holders worried about its future. Recent market data shows that the decline can be attributed to massive token unlocks and weak liquidity on crypto exchanges. Furthermore, new developments show that unless market dynamics improve, Pi Network may face even more declines in the coming months. Heavy Selling Pressure Pi Due To Token Unlocks Pi’s price action has been full of downtrends, with data showing the cryptocurrency down across multiple timeframes. At the time of writing, the token is currently moving between $0.353 and $0.3606 with poor liquidity and continued unlocking of the tokens. The unlocks have done nothing to help with the situation of things. Related Reading: Pi Network Price Crashes To All-Time Low After Latest Announcement — Details One of the biggest influences behind Pi Network’s downtrend is the continuous release of unlocked tokens into the market. Pi was created with a max supply of 100 billion tokens, but only 8 billion of those are currently in circulation. Its tokenomics are set up such that tokens are unlocked into circulation every day. According to data from PiScan, there are about 5 billion Pi Network tokens locked right now, and 135.7 million of those are set to be unlocked in the next 30 days. Notably, one unlock event added around 163 million PI tokens worth about $60 million into circulation, a move that contributed further to the cryptocurrency’s price decline. More token unlocks are expected in the near future, and the increase in circulating supply has far outpaced demand. Data from PiScan shows that about 4.5 million Pi worth $1.614 million are released every day. This oversupply problem could leave the price of Pi Network vulnerable, and each token release could further weaken the value of those in circulation. Furthermore, the current order books for Pi Network across several exchanges are extremely thin, leaving too few buyers in the market to absorb the wave of selling pressure. Project Delays: Calls For Bold Action Pi Network’s own development delays have contributed to skepticism among many investors. The long-promised KYC rollout, the V23 upgrade, and full mainnet decentralization have created frustration among users who had anticipated faster progress. Related Reading: Pi Network Faces Obstacles As Price Wobbles Below $1, What’s Happening? In a lengthy post on the social media platform X, prominent community member Mr Spock urged the Pi Core Team to take what he described as bold economic steps to restore stability and build a valuable and sustainable economy. He called for a comprehensive buyback and burn program, noting that aggressive deflationary measures are the only way to protect Pi’s value. According to him, the Core Team should buy back Pi from the open market, permanently burn all transaction fees instead of recycling them, and stop flooding the market with excess supply. He further suggested that Pi’s mining model must be reconsidered either by ending it completely to lock the supply or by introducing utility-based mining that rewards only those who contribute real value to the ecosystem. At the time of writing, Pi Network is trading at $0.3552, down by 1% in the past 24 hours. A drop below $0.350 could guarantee further declines to $0.34. Featured image from Medium, chart from Tradingview.com
Researchers say mispricings on Polymarket let traders lock in guaranteed profits—and the same could be happening across other event-betting platforms.
The next phase of digital asset investing belongs to those who treat this space not as a thematic allocation, but as a dynamic alpha-centric market where strategy, speed, and sophistication are decisive.
Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.
Stablecoins are quietly rewriting the rules of global finance. They give anyone, anywhere, access to money that moves instantly, across borders, with incentives aligned to users rather than banks.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bullish secures NYDFS BitLicense and Money Transmission License, unlocking crypto trading and custody services for institutions in New York.
A new W 2.0 tokenomics plan includes increased earning opportunities for token holders as well as a strategic reserve.
US-based REX Shares has stirred significant anticipation in the crypto community by announcing the launch of its Dogecoin (DOGE) and XRP exchange-traded funds (ETFs) on September 18. Imminent Launch Of REX Shares’ DOGE And XRP ETFs? In a post on social media platform X (formerly Twitter), REX Shares promoted the upcoming launch of the REX-Osprey XRP ETF, under the ticker symbol XRPR, and the REX-Osprey DOGE ETF, designated as DOJE. Related Reading: BNB Reaches New All-Time High Of $956 As Binance Nears Deal With US DOJ These ETFs can potentially be the first exchange-traded products that allow US investors to access Dogecoin and XRP. This could open new avenues for retail and institutional investors and increase demand, which could further raise their prices. Nate Geraci, co-founder of the ETF Institute, echoed REX Shares’ excitement, emphasizing the significance of these products. He declared, “First ever DOGE ETF, period. First XRP ETF offering spot XRP exposure.” Crypto ETF Surge In Coming Months Bloomberg ETF experts Eric Balchunas and James Seyffart have recently projected that REX-Osprey’s offerings could hit the market on Thursday, despite the SEC’s recent extension of decisions for other cryptocurrency ETFs. The landscape for ETF approvals is further complicated by the delayed amendment for BlackRock’s Ethereum staking application, which has also been postponed to October 30. Balchunas attributes these delays to ongoing coordination between the SEC and exchanges like Cboe and NYSE regarding updated listing standards. Related Reading: ‘It’s Hyperliquid Moment,’ Circle States, Seizing HYPE’s 1,500% Surge With New Investment However, Balchunas anticipates that streamlined procedures, expected to be approved in October, could lead to a “flood of ETFs probably in a couple months,” significantly enhancing institutional adoption of cryptocurrency investments. Despite the bold proclamation from REX Shares, the US SEC has yet to officially confirm the approval of these ETFs or any similar applications from other firms seeking to provide direct exposure to the spot prices of these digital assets. Featured image from DALL-E, chart from TradingView.com
Nakamoto, chaired by David Bailey, plans to acquire BTC Inc through an all-stock deal pending completion of the companys audit.
The post Nakamoto set to acquire BTC Inc following successful audit appeared first on Crypto Briefing.
P2P.org has joined the $4T Canton Network as a validator, underscoring the rise of institutional blockchain infrastructure.
Bitcoin’s volatility may rise after today’s FOMC, but it is unlikely to result in a new directional move, hinting at continued range-bound action for a few more days.
The XRP price is once again at the center of discussion in the cryptocurrency market after a market expert reiterated their bold long-term forecast. The founders of EasyA, Dom and Phil Kwok, say the token still has the potential to hit $1,000, even if it takes longer than first expected. They explain that the short-term view is not yet clear, but the long-term case for XRP remains strong. EasyA Founders Stand By $1,000 XRP Price Prediction Dom and Phil Kwok joined host Tony Edward on the Thinking Crypto podcast to share their updated thoughts on XRP. Edward recalled their earlier bold forecast of $1,000 by 2030, which still excites many supporters. Dom Kwok made it clear that the short-term outlook is still “formulating,” meaning they are not ready to set a concrete target for the current cycle. However, he confirmed that the long-term thesis remains intact, and the bold forecast is still alive. Related Reading: Crypto Analyst Debunks XRP Price To $10,000 Claims, Reveals How High It Can Go According to Dom, a significant amount of new money could enter the market once the rules are clarified. When those approvals are in place, Dom believes that large amounts of new capital could flow into XRP. The market expert noted that the legal teams of hedge funds and asset managers are working out the rules to determine how they can start investing in other tokens. With the SEC lawsuit against Ripple now resolved, many of the barriers that held back institutions are gone. For the EasyA founders, this shift in the investment landscape is key to why the XRP $1,000 price target remains in place. Network Effects And Developer Momentum Strengthen XRP’s Case Phil Kwok spoke about another driver for the XRP’s growth: network effects. He explained that when prices rise, more developers become involved and build. Recent performance shows why the EasyA founders remain confident. The XRP price has climbed 456% since last year, trading above $3, and it is now the best-performing large-cap altcoin. Related Reading: Dogecoin Price Could See Another Double-Digit Surge This Week As These Developments Take Place Dom also pointed out that price charts matter because falling prices scare off both users and builders. With the XRP price showing steady gains, it is drawing more investors and developers to its network. The short-term outlook is still uncertain, but the long-term belief in $1,000 continues to drive discussion. While Dom and Phil Kwok stand by their bold forecast, other experts, such as Matthew Brienen of CryptoCharged, have suggested that the price could reach that level by 2035 instead. Even with the extended timeline, XRP’s strong position, growing utility, and the attention of institutions and developers all point toward a long-term path of significant growth. For many in the XRP community, the $1,000 price target remains a central rallying point, even if the timeline shifts. Featured image from DALL.E, chart from TradingView.com
Solana’s Alpenglow upgrade promises 100-150 ms transaction finality — faster than a Google search. Explore how this leap could transform DeFi.
Prediction markets are putting money on the Fed chair’s favorite hue, a subtle signal that the central bank wants to stay above the partisan fray.
The Peter Thiel-backed firm went public on the NYSE in August.
The new contracts will include both standard and micro-sized options on SOL and XRP futures, CME Group said.