The one-time, conditional loyalty payment is an attempt to reduce the amount of liquidity available to short sellers.
Bitdeer's bitcoin mining division reported revenue of $59.3 million, a 43% gain when compared to the previous year of $41.6 million.
Bitcoin derivatives, spot ETFs, top trader positions and stablecoin demand suggest BTC’s correction is near completion.
The comments, due by Oct. 17, will focus on “innovative methods to detect illicit activity involving digital assets,” as required by the GENIUS Act.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Despite flashing a bullish golden cross, where the 50-day moving average crosses above the 200-day, Dogecoin failed to sustain upward momentum. Related Reading: Bitcoin Bulls Must Survive Brutal September Before Q4 Hope, Analyst Predicts Instead, heavy selling pressure drove DOGE from $0.24 down to $0.22, marking a 6% drop within 24 hours. Intraday volatility spiked at 7%, as a midday rally was quickly crushed by late-session selloffs. Volume analysis points to stronger conviction from sellers, with spikes during breakdowns rather than recovery moves. Losing the $0.23 support zone has left DOGE vulnerable to further downside, with traders now eyeing $0.2165 and $0.2150 as the next key levels. Dogecoin Whales Keep Buying, But Confidence Wavers Interestingly, whale wallets continue to show aggressive accumulation. In August alone, 680 million DOGE were added, pushing total whale holdings to nearly 100 billion tokens, the highest level in months. While this suggests long-term confidence, the accumulation has yet to translate into upward price momentum, as technical damage from repeated rejections at $0.24 resistance weighs on short-term sentiment. Market analysts warn that if whales pause accumulation amid network risks, the lack of strong buyer support could trigger a deeper freefall below the current $0.22.ç DOGE's price moving sideways on the daily chart. Source: DOGEUSD on Tradingview Qubic Vote Sparks Security Concerns The latest blow came when Qubic, an AI-driven blockchain project, announced that its community had voted Dogecoin as its next proof-of-work target. The move follows Qubic’s controversial 51% attack on Monero, which allowed it to reorganize blocks and manipulate transactions, forcing Kraken to suspend Monero deposits. With Dogecoin’s market cap above $35 billion, the stakes are considerably higher. A successful attack could disrupt transactions, enable double-spending, and dent investor confidence. While some experts argue DOGE’s larger network makes it harder to compromise, others caution that the intent alone has raised red flags across the crypto industry. DOGE Outlook: Make-or-Break at $0.23 Dogecoin’s immediate future hinges on whether bulls can reclaim the $0.23 level. Failure to do so could open the door to deeper losses, especially if Qubic escalates its campaign against the network. For now, traders are closely monitoring derivatives positioning, whale behavior, and global trade tensions that continue to pressure risk assets. Related Reading: It Is ‘Genuinely Impossible’ For XRP To Hit $1,000; Pundit Warns Dogecoin may have survived many market downturns, but this time, both technical fragility and network security are in question, making the coming weeks critical for the memecoin’s stability. Cover image from ChatGPT, DOGEUSD chart from Tradingview
Bitcoin’s (BTC) stalling between its recent all-time high and range lows is a sign of investors digesting the movement rather than market weakness. According to the August 18 Bitfinex Alpha report, BTC surged to a record $123,640 before retreating 5.44% from peak to trough, returning to the lower end of its established trading range. The […]
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ETH upside remains programmed thanks to record spot ETF inflows even as the altcoin’s price consolidates in the $3,900 to $4,400 liquidity zone.
Shares are lower by 11% on Monday with an analyst noting NAKA's convertible note terms were somewhat more stringent than those afforded to Michael Saylor's Strategy.
Qubic is attempting to change Monero forever. In the meantime, the AI protocol is prepping for its next target: Dogecoin.
The former Ohio senator’s 2024 race against Bernie Moreno, whose campaign was bolstered by money from the crypto industry, was one of the most expensive in the state’s history.
Coinbase launches XRP and Solana perpetual futures in the US, as the SEC delays ETF decisions on XRP proposals from major issuers.
The post Coinbase launches XRP and Solana perpetual futures for US traders appeared first on Crypto Briefing.
Circle’s new layer 1 blockchain will debut with Fireblocks support as the stablecoin sector expands, with Circle and Tether vying for market dominance.
Rural residents in Hood County are pressing for a community vote to gain more authority over a Bitcoin mining site that they say has disrupted their lives with round-the-clock industrial noise, local media outlet KERA News reported on Aug. 18. The mine, operated by Florida-based Marathon Digital Holdings, has been running for about three years […]
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A new prediction from crypto commentator BarriC has drawn attention to the long-term future of XRP. According to him, the token’s price has so far only been shaped by altcoin seasons and the four-year cycle, leaving an entirely different scenario still unexplored. He believes that when XRP eventually enters a utility run, its value could rise far beyond the levels seen today, moving to $100 first and finally settling at $1,000. XRP Has Never Experienced A True Utility Run Like many other cryptocurrencies, XRP has been subject to cycles of hype, corrections, and quick inflows of capital. Its rallies in previous bull markets, particularly in 2018, were based largely on investor sentiment rather than on widespread real-world use. However, many crypto analysts have argued that the dynamics of XRP are changing, especially now that the SEC-Ripple lawsuit, which has dragged the natural growth of its price down, has ended. Related Reading: XRP Takes On Live TV: Analyst Predicts Surge To $13 If This Happens According to BarriC, no cryptocurrency, including XRP, has gone through what he calls a utility run. A “utility run,” as he describes it, would be based on adoption across banking networks, remittance companies, and global payment systems. In such a scenario, XRP would move away from being valued purely as a speculative asset and instead gain a price level backed by constant, large-scale demand for transactions. Furthermore, no data exists to describe what happens when trillions of dollars start flowing directly through XRP. The absence of precedent leaves room for dramatic upside that cannot be measured by prior cycles alone, and the idea is that there’s no way that the XRP price stays between $3 and $4 if millions, billions, and trillions of dollars start flowing through the XRP Ledger. Why $1,000 Is Not Out Of The Question The possibility of XRP reaching well above double digits at $10, triple digits at $100, and four digits at $1,000 has been a well-discussed topic among XRP supporters and critics this cycle. Proponents like BarriC argue that XRP is well on track to reach $1,000 and stabilize above this level. However, critics say this isn’t possible, considering the market cap it would need to achieve this price. Related Reading: XRP Price At $36: 7-Year Bottom Breakout Could Trigger Repeat Of 2014-2017 Addressing those who argue that XRP can never reach $1,000, BarriC countered by pointing out that such claims are not based on evidence. Since no cryptocurrency has yet experienced a true utility-driven cycle, dismissing four-digit targets for XRP is premature. Once XRP starts to see millions in inflows and becomes the backbone of global financial transactions, then it is entirely possible to reach such levels. “That’s when we see prices for $XRP exceed $100 and settle comfortably at $1,000,” he said. At the time of writing, XRP is trading at $2.97, down by 4.8% in the past 24 hours. Right now, the first thing would be to maintain a position above $3. Featured image from Getty Images, chart from Tradingview.com
Treasury asked for public input on what approach financial institutions should take to combat illicit activity involving cryptocurrencies.
Web3 remains a popular buzzword in crypto, but are DApps and altcoins actually delivering on their promises?
The UK-regulated digital asset platform has integrated Stellar into its tokenization tool and launched the Aberdeen tokenized money market fund on the network.
The United States Securities and Exchange Commission (SEC) has delayed several applications to list and trade spot crypto ETFs on Monday. The agency opted to delay making a final decision to allow the proposed rule change to list and trade shares of Truth Social Bitcoin and Ethereum ETF. The commission has since set October 8, …
The total value locked (TVL) in Polygon’s (POL) DeFi ecosystem is up nearly 43% since the start of this year. According to DefiLlama data, the network recorded $864 million in TVL on Jan. 1, and added roughly $400 million in the following months to hit $1.23 billion as of Aug. 18. Furthermore, the POL price […]
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The new stablecoin law called for the Treasury engagement on detecting illicit crypto activity, so the department is opening a comment period.
The GENIUS Act's regulatory framework could enhance US financial leadership, boost stablecoin demand, and drive innovation in digital finance.
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Ethereum’s evolution has followed a trajectory many analysts predicted, from a high-growth utility asset powering decentralized applications, to a maturing store of value that institutions and long-term holders are beginning to recognize. How Ethereum Enters Traditional Finance Ethereum’s journey as a store of value has followed a predictable but powerful curve, and ETH’s rise has been less of a surprise than a confirmation of history. Analyst Cas_Abbe has highlighted on X that since the ETH launch in 2015, what began as an experiment among cypherpunks and developers slowly found its footing in ICOs, DAOs, and retail adoption. By 2020, ETH had taken on a far more serious role, serving as the core collateral layer of Defi, drawing in funds, family offices, and crypto-native VCs. Related Reading: Ethereum On-Chain Volume Soars To $13 Billion, Approaching Historic Records Then in 2022 was the year the conversation changed and ETH reached its milestone, of Macro funds, corporates, and eventually ETF issuers. The financial advisors also started to pay attention to ETH, recognizing that its role is extended far beyond utility. Presently, ETFs are live, and large institutions are building positions, pension funds, and global allocators are beginning to engage. According to Cas Abbe, this is the real inflection point, where finance runs on cycles, and history has shown a clear pattern that once pensions and institutions normalize an asset class, central banks are never too far behind. ETH is no longer a niche tech bet; it is evolving into a recognized monetary asset. The curve is slow at first, followed by early adopters, speculative capital, and then institutional adoption. However, the history shows that ETH is now firmly on that trajectory, and the final stages have accelerated rapidly. ETH Becoming The Era Of Tokenized Assets Crypto investor known as Ted on X has mentioned that Ethereum would power the next era of finance, and currently, trillions are flowing through its ecosystem. Institutions are building on it, and ETH has transformed into a yield-bearing reserve asset. Related Reading: Ethereum Is ‘The Biggest Macro Trade Over The Next 10–15 Years,’ Says Tom Lee The Ethereans have always known that ETH would scale, while rollups have turned congestion into capital, and reliability will matter as nearly a decade online without interruption has proven critical. Transactions are now cheap, measured in mere cents, not dollars, which is allowing value to move globally with efficiency. Everything is becoming tokenized: stablecoins, real-world assets, NFTs, corporate treasuries, it’s all on-chain. ETH is the foundation upon which companies from nimble startups to Fortune 500 giants are building as the default. Decentralization will be valued as a global neutral settlement layer for the world. ETH is no longer just a technological experiment, with companies buying and staking it. Institutions now recognize it as productive collateral. Ethereum is powering the future of finance, and what was once considered a bold prediction has become an inevitability. Featured image from Getty Images, chart from Tradingview.com
Bitcoin is showing signs of exhaustion, suggesting a deeper correction toward the $110,530 support. Will altcoins follow?
Pump.fun's share of the Solana memecoin launchpad market has swung from as low as 5% roughly two weeks ago to 90% as of Sunday.
The malware scours infected devices for sensitive information including passwords, 2FA tokens and crypto wallet data.
The USDC stablecoin issuer last week said it is building its own blockchain focused on stablecoin finances.
Bitcoin buy signals may emerge from bond market stress, but whale investor activity and dormant coins raise short-term volatility risks.
BitMine and SharpLink, the two largest corporate holders of ETH, have been racing to accumulate more Ether as ecosystem interest heats up.
The SEC's delay in XRP ETF decisions highlights ongoing regulatory caution, impacting market dynamics and investor access to crypto assets.
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