The banks involved in the new euro-denominated stablecoin are: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International.
Nasdaq-listed Fitell tanked on Wednesday after buying $10 million of Solana as part of a newly announced crypto treasury strategy.
Naver is often called the “Google of South Korea,” and is the top search engine in the country, Upbit Korea is the largest crypto exchange in South Korea.
On-chain data shows the Bitcoin long-term holders locked in a significant amount of gain around the time of the latest price plunge. Bitcoin HODLer Whales Have Shown Profit-Taking Spree Recently As explained by analyst Ali Martinez in a new post on X, long-term holder whales have participated in some profit-taking recently. “Long-term holders” (LTHs) refer to the Bitcoin investors who have been holding onto their coins since more than 155 days ago. Related Reading: Bitcoin Whales Sell 147,000 BTC Since August, Fastest Selloff Of Cycle This cohort is considered to represent the HODLers of the market, who rarely sell even in the face of volatility. That said, there are times when these investors do participate in selloffs, and one such instance seems to have occurred just recently. In the context of the current topic, the everyday LTHs aren’t of focus, but rather the LTH whales, diamond hands who carry more than 1,000 BTC (about $113.7 million) in their balance. Below is the chart shared by Martinez that shows the trend in the Bitcoin Realized Profit for the LTH whales over the last few weeks. The Realized Profit here is naturally an on-chain indicator that measures the total amount of profit that the Bitcoin LTH whales are locking in through their transactions. From the graph, it’s visible that this metric observed a notable spike on September 21st. This was the day BTC started a price drawdown that took it to the $112,000 level. Thus, it would appear possible that the profit-taking from the HODLers may have in part been to blame for the bearish action. In total, LTH whales harvested over $120 million in profits during this distribution spree. Meanwhile, the short-term holders (STHs), representing investors who entered the market during the past five months, participated in loss-taking instead, as CryptoQuant community analyst Maartunn has pointed out in an X post. As displayed in the above chart, Bitcoin STHs sent 15,700 BTC at a loss to exchanges during the price crash. Investors generally use these platforms when they want to sell, so these loss transactions could have been a sign of capitulation from the cohort. The STHs have a relatively short holding time, so they are assumed to include the weak hands of the sector. In that view, the latest capitulation would be on-brand for the group. Related Reading: Bitcoin Dip-Buy Calls Spike: Why This Could Actually Be Bearish Coming back to the LTHs, on-chain analytics firm Glassnode has shared a chart that puts into perspective the total amount of profit that the LTHs as a whole have realized in the current cycle so far. The cumulative Bitcoin LTH Realized Profit sits at 3.4 million BTC for the current bull market, which is higher than all, but one previous cycle. BTC Price Bitcoin has made some recovery during the past day as its price has returned to $113,700. Featured image from Dall-E, Glassnode.com, CryptoQuant.com, chart from TradingView.com
GSR has filed for five crypto ETFs involving staking and bundling tokens, but its headlining bid is a fund that invests in crypto treasury companies.
The SEC has given the green light for the Hashdex Nasdaq Crypto Index US ETF to operate under new generic listing standards. With this approval, the fund can move beyond Bitcoin and Ethereum to include other crypto assets like XRP, Solana, and Stellar. The decision allows investors wider exposure to digital assets through a regulated …
The board's decision follows months of preparation that began in April with LaRose and Treasurer Sprague's initial proposal.
Nansen unveiled an AI agent to simplify onchain crypto trading with natural conversation, aiming to bring more value to Ethereum and EVM networks.
Ethereum co-founder Vitalik Buterin explained how Fusaka’s PeerDAS feature will address Ethereum layer 2 scaling bottlenecks.
Naver Financial, the fintech arm of South Korea’s leading internet giant, has entered a share-swap agreement with Dunamu, the company behind Upbit. The deal gives Naver effective control of the country’s largest crypto exchange, opening the door to its entry into digital finance. Naver also plans to tap into the won-pegged stablecoin market, signaling a …
Solana has been under pressure this week, with its price sliding to $204.45, down 1.79% in the last 24 hours and nearly 17% over the past seven days. Its market cap now stands at $110.91 billion, with $7.81 billion in trading volume over the last day. Several factors have contributed to Solana’s price drop. First, …
In March 2025, Ripple CEO Brad Garlinghouse announced the conclusion of the SEC case, confirming that XRP is not considered a security for public exchange sales, but remains one for institutional sales. After this regulatory clarity, Ripple formed new partnerships with several banks and financial institutions. The SEC officially closed its lawsuit against Ripple Labs …
Digital asset platforms (DAPs) and tokenized custody platforms (TCPs) will fall under the same bracket as other financial intermediaries.
SEC Chair Paul Atkins said in an interview with Fox Business that talk of a merger between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) is only speculation. He also confirmed that the White House has set 2025 as the target deadline to pass the Market Structure Bill. Is Atkins …
Dogecoin started a fresh decline below the $0.250 zone against the US Dollar. DOGE is now consolidating and might dip further if it stays below $0.2550. DOGE price started a fresh decline below the $0.250 level. The price is trading below the $0.250 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.2450 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if there is a move below $0.230. Dogecoin Price Turns Red Dogecoin price started a fresh decline after it closed below $0.2550, like Bitcoin and Ethereum. DOGE declined below the $0.250 and $0.2450 support levels. The price even traded below $0.2350. A low was formed near $0.230, and the price recently attempted a recovery wave. There was a move above the 23.6% Fib retracement level of the main decline from the $0.2888 swing high to the $0.2302 low. However, the bears were active near the $0.250 resistance. Besides, there is a bearish trend line forming with resistance at $0.2450 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.250 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.2450 level and the trend line. The first major resistance for the bulls could be near the $0.250 level. The next major resistance is near the $0.260 level. It is close to the 50% Fib retracement level of the main decline from the $0.2888 swing high to the $0.2302 low. A close above the $0.260 resistance might send the price toward the $0.2780 resistance. Any more gains might send the price toward the $0.2840 level. The next major stop for the bulls might be $0.2920. More Losses In DOGE? If DOGE’s price fails to climb above the $0.2450 level, it could continue to move down. Initial support on the downside is near the $0.2320 level. The next major support is near the $0.230 level. The main support sits at $0.2250. If there is a downside break below the $0.2250 support, the price could decline further. In the stated case, the price might slide toward the $0.2120 level or even $0.2050 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.2320 and $0.2300. Major Resistance Levels – $0.2450 and $0.2500.
The White House is preparing for potential job cuts, as Congress must pass a funding measure to prevent the government from running out of money by the end of September.
Coinbase, one of the largest U.S.-based crypto exchanges, now reportedly holds zero XRP in its cold wallets. Public data shows that just a few months ago, in June 2025, Coinbase had nearly 970 million XRP stored offline, worth around $2.8–$2.9 billion at the time. Over the past three months, those holdings have steadily declined, leaving …
Stellar (XLM) is showing signs of resilience after weeks of consolidation, with the cryptocurrency defending the crucial $0.37 horizontal support level. At the time of writing, XLM trades around $0.36, down 0.56% on the daily charts and 4.2% weekly. Related Reading: XRP Gets A Retirement Twist: Expert Calls It A 401(k) Despite the short-term weakness, analysts suggest that the altcoin’s recent bounce could set the stage for a move toward $0.50 and beyond. The $0.37 level has historically acted as both resistance and support, making it a decisive zone for future price action. A reclaim above this mark could push XLM toward the long-standing descending resistance near $0.48, with a breakout potentially triggering a stronger rally. Technical Indicators Signal Mixed Outlook Market data highlights both caution and opportunity for Stellar traders. Momentum indicators remain balanced, with the Relative Strength Index (RSI) close to neutral at 50 and the Moving Average Convergence Divergence (MACD) slightly above zero. While these readings suggest indecision, the broader technical setup indicates a potential bullish reversal. Analysts also observe a developing wedge pattern on the daily chart, which often signals a possible upside breakout. If bulls can sustain momentum and push the price above $0.41, the next targets are between $0.58 and $0.80. Conversely, failing to hold above $0.35 could expose the token to declines toward $0.30 or even $0.21. XLM's price moving sideways on the daily chart. Source: XLMUSD on Tradingview Stellar (XLM) Institutional Adoption Fuels Long-Term Optimism Beyond technical analysis, Stellar’s ecosystem developments are increasing confidence in the project’s long-term outlook. The Stellar Development Foundation (SDF) recently announced access to over $3 billion in real-world assets (RWA) on its network, with issuers like PayPal, Ondo Finance, and Mercado Bitcoin actively involved. The launch of PayPal USD (PYUSD) on Stellar has been a key factor in driving adoption, strengthening the network’s role in cross-border payments and asset tokenization. Additionally, expanding partnerships with companies such as Mastercard and MoneyGram demonstrate XLM’s growing institutional presence. Related Reading: Bitcoin LTH Selling Pressure Builds: 6–12M Coins Keep Flowing Onto The Market With Bitcoin remaining strong above $112,000 and market sentiment gradually improving after recent volatility, analysts view Stellar as a strong candidate for near-term recovery. If the bullish scenario unfolds, XLM’s next key milestone could be a breakout above $0.50, paving the way for a broader rally. Cover image from ChatGPT, XLMUSD chart from Tradingview
Naver's acquisition of Upbit could significantly boost its influence in South Korea's digital finance sector and shape future crypto policies.
The post Naver Financial expected to gain control of Upbit through share-swap deal appeared first on Crypto Briefing.
The deal would bring Upbit's parent Dunamu under the umbrella of Naver Financial.
The draft legislation seeks to amend the Corporations Act 2001 to bring crypto service providers under the financial services licensing regime.
XRP price attempted a recovery wave above the $2.850 zone. The price is now struggling to clear $3.00 and might decline again below the $2.80 zone. XRP price is moving lower below the $2.920 support zone. The price is now trading near $2.90 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it dips below $2.850. XRP Price Faces Hurdles XRP price found support near $2.680 and recently started a recovery wave, beating Bitcoin and Ethereum. The price was able to surpass the $2.80 and $2.85 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the main decline from the $3.138 swing high to the $2.678 low. However, the bears are active near the $3.00 resistance. The price faced rejection near $3.00 and reacted to the downside. The price is now trading near $2.90 and the 100-hourly Simple Moving Average. Besides, there is a connecting bullish trend line forming with support at $2.850 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.95 level. The first major resistance is near the $2.9620 level and the 61.8% Fib retracement level of the main decline from the $3.138 swing high to the $2.678 low. A clear move above the $2.9620 resistance might send the price toward the $3.00 resistance. Any more gains might send the price toward the $3.050 resistance. The next major hurdle for the bulls might be near $3.120. Another Decline? If XRP fails to clear the $2.9620 resistance zone, it could continue to move down. Initial support on the downside is near the $2.880 level. The next major support is near the $2.850 level and the trend line. If there is a downside break and a close below the $2.850 level, the price might continue to decline toward $2.780. The next major support sits near the $2.70 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.880 and $2.850. Major Resistance Levels – $2.9620 and $3.00.
The reported move comes amid efforts in South Korea to establish clear regulations around crypto, especially for won-pegged stablecoins.
Kadan Stadelmann, chief technology officer at Komodo Platform, told Cointelegraph treasury companies are competing to see who can create the most enticing structure.
As Bitcoin (BTC) continues to remain range-bound between $110,000 – $115,000, data from crypto exchanges seems divided toward the leading cryptocurrency. While Binance traders are exhibiting a bullish stance, traders from other exchanges are still showing a degree of hesitation. Binance Traders Expecting Bitcoin Price Surge According to a CryptoQuant Quicktake post by contributor Crazzyblockk, fresh derivatives data from Binance is signaling shifting market dynamics – specifically, the recent BTC funding rate on Binance points toward traders taking a bullish stance. Related Reading: Bitcoin Breaks Above Mid-Term Holder Breakeven – Is A Fresh Rally Brewing? On the contrary, the BTC funding rate from other exchanges, such as OKX, Bybit, and Deribit, suggests that traders on these platforms are still uncertain about taking any directional bet. As of September 23, the BTC perpetual funding rate on Binance climbed to +0.0084%, suggesting that the long positions are dominant and traders are willing to pay a premium to maintain their bullish bets. It is worth highlighting that the increase in funding rate is not an isolated event, as it suggests a positive seven-day change, indicating strengthening conviction among Binance traders. For comparison, the BTC funding rate on OKX is currently hovering at -0.0001%, while on Bybit it sits at 0.0015%. Finally, Deribit shows a funding rate of 0.0019%. The analyst added: This isn’t just a difference in numbers; it’s a difference in narrative. While funding rates on OKX and Bybit have actually decreased over the last seven days, Binance’s rate has climbed. For the uninitiated, funding rates can be viewed as a real-time gauge of trader sentiment in the perpetual swaps market. A strong positive rate like that of Binance, which diverges from the rest of the market, points toward aggressive bullish speculation. Is BTC About To Make A Move? In a separate CryptoQuant post, contributor XWIN Research Japan noted that Bitcoin’s implied volatility has dropped to its lowest level since 2023. Back then, the lull in the market was followed by an explosive rally of 325%, which propelled BTC from $29,000 to $124,000. Related Reading: Bitcoin Faces Bearish Pressure As Exchange Inflows Stay Elevated – Will BTC Lose $112,000 Support? The analyst added that the total Bitcoin exchange reserves continue to deplete at a rapid pace, hitting new multi-year lows. Historically, such a fall in BTC exchange reserves has preceded supply squeezes, leading to a dramatic rise in demand. That said, the overall sentiment toward BTC appears to be cold at present. The Bitcoin Fear & Greed Index suggests that investors are fearful of entering the market, which may offer a good opportunity to accumulate BTC at current market prices. However, fresh data from BTC wallets confirms that new wallets – those that are less than a month old – are starting to buy the top digital asset. At press time, BTC trades at $113,796, up 1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The Philippines has launched a blockchain system to track public works spending following protests over corruption.
Ethereum exchange balances dropped to a nine-year low of 14.8 million ETH as digital asset treasury firms and exchange-traded funds accelerate buying.
Gate's strategic move could enhance scalability and user engagement, potentially strengthening its market position in the competitive crypto space.
The post Gate unveils layer 2 network and GT tokenomics upgrade appeared first on Crypto Briefing.
Ethereum price started a fresh decline below $4,120. ETH is now struggling and might decline further if it breaks the $4,050 support zone. Ethereum failed to extend gains and declined below the $4,150 zone. The price is trading below $4,150 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below $4,050 and $4,000. Ethereum Price Dips Again Ethereum price remained in a bearish zone after it settled below $4,450, like Bitcoin. ETH price declined below the $4,320 and $4,300 support levels. The bears even pushed the price below $4,120. A low was formed at $4,000 and the price recently started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward wave from the $4,635 swing high to the $4,000 low. However, the bears remained active near the $4,250 resistance zone and pushed the price lower again. Ethereum price is now trading below $4,150 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,360 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,150 level. The next key resistance is near the $4,220 level. The first major resistance is near the $4,250 level. A clear move above the $4,250 resistance might send the price toward the $4,350 resistance and the trend line. An upside break above the $4,360 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,550 in the near term. Downside Extension In ETH? If Ethereum fails to clear the $4,220 resistance, it could start a fresh decline. Initial support on the downside is near the $4,050 level. The first major support sits near the $4,000 zone. A clear move below the $4,000 support might push the price toward the $3,880 support. Any more losses might send the price toward the $3,820 region in the near term. The next key support sits at $3,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,050 Major Resistance Level – $4,220
A closely watched crypto commentator known as plur daddy (@plur_daddy) has resurfaced with a macro thesis that places Bitcoin and gold at the center of an approaching policy inflection—arguing that President Donald Trump’s push to assert greater control over US monetary policy could catalyze a liquidity wave that undermines the dollar and forces institutional participation in alternative stores of value. The remarks arrive as global policymakers debate the use of Russia’s immobilized reserves to backstop new loans to Ukraine and as gold trades near record highs, sharpening the contours of a market regime in which Bitcoin increasingly trades as a function of liquidity and institutional credibility rather than a halving-linked “four-year cycle.” Trump’s Fed Takeover Could Supercharge Bitcoin “It’s been great being off Twitter… I continue to be long BTC and also significantly sized up my gold position in August. This is driven by my belief that Trump’s efforts to take control of the Fed represent a momentous catalyst, the kind that happens once a decade,” he wrote, adding: “Once he takes control, it is logical that he will not only cut rates, but engage in some form of yield curve control… The USD will get destroyed as a result.” Related Reading: Bitcoin Will Soak Up Trillions From China And Russia, Billionaire Predicts The post frames Bitcoin and gold as “more pure beneficiaries of an environment where liquidity is increasing and institutional credibility is undermined,” and contends that lingering fears about a halving-style market top are misplaced now that “BTC… has been captured by tradfi and is a more pure expression of liquidity conditions.” The policy backdrop he sketches has moved from hypothetical to contested reality in recent weeks. Federal Reserve Chair Jerome Powell publicly rejected claims that the central bank is acting politically, even as investors parse appointments and public pressure from the White House. “Cheap shots,” he said of accusations about the Fed’s motives, defending the data-dependence of recent decisions. In parallel, global policymakers and market strategists have openly debated whether ongoing political intervention could force the Fed toward explicit yield-curve control to contain long-term borrowing costs—an approach not used in the US since the 1940s. In a follow-up thread, “plur daddy” outlined a pathway to lower mortgage rates via government-sponsored enterprises (Fannie Mae and Freddie Mac) buying more mortgage bonds, with capital requirement tweaks and derivatives used to manage duration. That proposal distinguishes itself from QE by shifting spreads through asset mix rather than expanding central-bank balance sheets directly. The argument aligns with the broader political incentives ahead of US midterms: “Markets are forward looking… They have a strong incentive to juice the economy and markets,” he wrote, while cautioning that direct stimulus would carry inflation risks. The liquidity lens extends to the Treasury General Account (TGA), which has been rebuilt rapidly into late Q3. Research desks had warned that an aggressive TGA refill into September could briefly drain market liquidity before easing, a pattern that crypto traders have long monitored given Bitcoin’s outsized sensitivity to changes in dollar system reserves and bills-versus-reserves mix. “BTC is hypersensitive to any shift in liquidity conditions, much more so than equities,” the post asserts, echoing analysis that mapped TGA dynamics to risk-asset performance. Another pillar of the thesis is Europe’s evolving stance on Russia’s frozen sovereign assets—roughly $300 billion immobilized after the 2022 invasion. Brussels is weighing a structure in which new loans to Kyiv are backed by those assets and only repaid if Russia pays reparations—an outcome the author argues “will never happen,” calling the mechanism a de facto seizure that “massively bolsters the raison d’être for crypto.” Related Reading: Bitcoin Dip-Buy Calls Spike: Why This Could Actually Be Bearish Market context has been sympathetic to the store-of-value leg of the argument. Gold has pierced new highs this month, with multiple banks projecting scenarios toward $3,700–$4,000 over the next several quarters if central-bank buying remains strong—and potentially higher if private investors accelerate hedging flows away from US dollar assets amid policy and geopolitical uncertainty. “It makes sense that BTC start moving [when] gold’s momentum slows down,” “plur daddy” added, positing a rotation once bullion’s advance stalls. The post has drawn quick agreement from notable traders. “Agree, I am trying to time this, I think < 6 months & > 90k,” wrote Ansem (blknoiz06), sketching a timeline that implies a Q1 2026 window for a new Bitcoin leg higher. Macro strategist Alex Krüger called it a “great post.” Forward Guidance podcast host Felix Jauvin added: “So very well said. Good to see you man.” The policy backdrop the expert sketches now features a Fed Board with a freshly confirmed Governor, Stephen I. Miran, who immediately dissented at the September FOMC for a larger cut and has been publicly arguing for materially faster easing in the dot plot. In parallel, the administration’s attempt to remove Governor Lisa Cook via lawsuit has put an unprecedented spotlight on the legal protections around Federal Reserve independence. Those developments—together with Europe’s evolving plan to leverage frozen Russian assets—are the concrete signposts of the “once-a-decade” moment described above. At press time, BTC traded at $113,121. Featured image created with DALL.E, chart from TradingView.com