Aster is making headlines today as its price experiences a sharp pullback. This has sparked questions about whether this is a temporary correction or the start of a new bullish rally. The crypto market has seen heightened volatility recently. Altcoins like Aster are closely following broader market trends influenced by Bitcoin and Ethereum movements. Trading …
Ethereum ($ETH) has recently fallen below the key $4,000 support level, raising concerns among investors about how low the Ethereum price might go in the short term. Several factors, including macroeconomic uncertainty, slowing ETF inflows, and low exchange liquidity, are contributing to the recent drop. Ethereum Liquidation Heatmap According to Coinglass, in the past hour, …
Dutch ING and Italy’s UniCredit are among nine banks developing a MiCA-compliant euro stablecoin planned to launch in the second half of 2026.
After a strong price performance over the past month, driven by growing interest in the Avalanche ecosystem, AVAX now faces a key resistance area that could delay its long-awaited rally. Related Reading: Solana DATs Arrive In Australia: Fitell Corporation Announces $100M SOL Treasury Strategy Institutional Momentum Fuels Avalanche Price On Wednesday, Avalanche continued its recovery from the start-of-week pullback and is currently retesting the $34 area as support. The cryptocurrency recently fell to the $29 level, but quickly bounced toward a seven-month high of $36.1 on Tuesday, fueled by institutional interest in the ecosystem. AgriFORCE Growing Systems recently announced its rebrand to a crypto treasury company under the name AVAX One, marking the first Nasdaq-listed entity focused on Avalanche. The company, supported by Hivemind Capital and SkyBridge Capital founder Anthony Scaramucci, aims to raise $550 million to accumulate the cryptocurrency. Notably, the Avalanche Foundation, the nonprofit behind the project, also revealed it was seeking to raise $1 billion to establish two US-based crypto treasury vehicles. Last week, South Korean crypto custodian BDACS launched KRW1, the country’s first Korean won–pegged stablecoin, on Avalanche. Previously, Ava Labs secured a strategic partnership with Toyota Blockchain Lab to build a blockchain-based system, the Mobility Open Network (MON), designed to pave the road for new emerging use cases such as robotaxi fleets. AVAX Monthly Close Holds Rally’s Key Analyst Rekt Capital noted that the cryptocurrency has had a strong three-month rally within its Macro Wedge pattern but also cautioned that there’s “further work to be done” for a bullish trend continuation. The cryptocurrency has seen a 43% increase in the monthly timeframe, turning the $30 level into support two weeks ago. Since then, the AVAX price has attempted to reclaim the $35 resistance twice, but failed to sustain the breakout. Avalanche has been trading inside a Macro wedge pattern since the start of 2024, with the price steadily hovering between the formation’s upper and lower boundaries. The recent rally has sent the price toward the pattern’s resistance zone, with the breakout level sitting around the $38.40 mark. According to the analysis, AVAX’s next crucial step is to close September above the Macro Downtrend and have a post-breakout retest of this level as support. A monthly close above this area would “open the path toward repeating bullish history similar to mid-2021 and early 2024.” Related Reading: Analyst Says Ethereum Bounce Is Imminent As BitMine Continues To Accumulate Failing to secure a monthly close above the $38.40 area could see Avalanche up for a retest of the $29-$30 support, further risking a drop toward the monthly opening of $23.6. To target the Macro Wedge resistance, the cryptocurrency still must reclaim the $35-$36 zone, where the next major sell wall is located. Despite the warning, the analyst detailed that a retest of the support region could “extend base-building further into Q4, ultimately enabling a more sustainable breakout attempt later.” As of this writing, AVAX is trading at $33.75, a 1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Stablecoin payments firm RedotPay said it became a fintech unicorn after a $47 million round with participation from Coinbase Ventures, Galaxy Ventures and Vertex Ventures.
The Australian government has released draft legislation that would bring crypto firms under the same rules as traditional financial services. The proposal introduces a framework for new crypto products, aiming to strengthen oversight and protect investors. By aligning digital assets with established finance laws, authorities hope to build greater trust, stability, and clarity in the …
Nine of Europe’s leading banks have come together to issue a euro-backed stablecoin, marking a significant step toward creating a trusted European digital payment system. However, the project is designed to challenge the dominance of the U.S.-based stablecoins and offer Europe a payment system of its own, with the region’s strict regulations. Nine Banks Unite …
The euro stablecoin initiative may enhance EU financial sovereignty, diversify digital asset markets, and reduce reliance on USD-pegged coins.
The post Nine European banks to launch euro-denominated stablecoin appeared first on Crypto Briefing.
Flare has been on an impressive run, breaking through critical resistance levels while attracting both retail and institutional attention. Over the past week, the token has surged more than 10%, far outrunning the broader crypto market’s decline. With its market cap at $1.93 billion and daily volume soaring 307% to $53.4 million, FLR is firmly …
Analysts say the price decline is a sign of investor accumulation through self-custody or yield staking instead of market panic.
A few days ago, Sign Protocol, an Ethereum-based digital verification platform, announced a collaboration with Pi Network during a community meetup in Seoul on Monday. The partnership aims to reshape digital identity and value exchange.. Pi Network and Sign Protocol Alliance After the announcement, users asked why Pi would partner with Sign. Crypto expert Dr. …
Crypto markets have recently faced renewed challenges, despite a brief resurgence following the US Federal Reserve’s (Fed) rate cut that initially propelled Bitcoin (BTC) back toward the $120,000 mark. This week, however, Bitcoin has dropped to the lower end of its established consolidation range, fluctuating between $110,000 and $115,000. Analysts from The Bull Theory have pinpointed several factors contributing to this downturn. How Fed Policies And QT Are Impacting Crypto One of the primary reasons for the current situation is the ongoing capital flow favoring traditional assets. In the wake of rate cuts, institutional investors tend to channel their funds into stocks and gold first, as these are considered high-liquidity assets with a proven track record. In contrast, cryptocurrencies, particularly altcoins, often find themselves at the end of the liquidity pipeline. They typically see price increases only when risk appetite broadens significantly among investors. Related Reading: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans Additionally, liquidity remains tight in the crypto space, despite the Fed’s recent actions. While the central bank cut rates in September, other variables are restricting the flow of capital into cryptocurrencies. Quantitative tightening (QT) is still being implemented, with the Fed actively reducing its balance sheet. Moreover, the US Treasury is absorbing liquidity through the replenishment of the Treasury General Account (TGA), and money market funds are currently holding over $7.7 trillion in cash that remains largely idle. This lack of liquidity means that any spillover effect into the crypto market will be limited, resulting in a slower rotation of capital into digital assets. Cyclical Trends Suggest Potential Rebound The macroeconomic patterns observed in September 2024 are also reemerging. Last year, following a rate cut, Bitcoin surged past $60,000, while Ethereum (ETH) and other altcoins enjoyed significant gains. However, this was followed by a sharp decline, with Bitcoin dropping 11% and Ethereum experiencing an even steeper fall. In a similar vein, this September has seen Bitcoin hover around $112,000 after briefly touching $118,000, while Ethereum has slipped from $4,600 to approximately $4.1,00. This cyclical pattern suggests that crypto may be primed for a rebound, but only after a period of consolidation and confirmation. Moreover, the impending expiry of options contracts for Bitcoin and Ethereum is adding another layer of volatility to the market. Stablecoin Movement And Institutional Inflows Another factor impacting the market is the supply and velocity of stablecoins. While the total supply of stablecoins has surged from $204 billion in January to $308 billion in September—an all-time high—the velocity of these assets is not keeping pace. The analysts have identified that much of this capital remains inactive, either sitting idle, bridged, or utilized off-exchange. Until stablecoin velocity increases, the price impact on cryptocurrencies is likely to remain subdued. Related Reading: Ex-Binance CEO CZ Criticizes FT Report On YZi Labs, Calls It A ‘Negative Narrative’ Looking ahead, historical trends suggest that although crypto may be lagging in the short term, they often follow traditional assets with significant gains once the market stabilizes. In the aftermath of all-time highs in equity markets, Bitcoin has previously averaged a 12% increase within 30 days and a remarkable 35% over 90 days. Notably, following the Nasdaq’s all-time highs, Bitcoin surged by an impressive 46% in the same 90-day timeframe. For crypto markets to regain their momentum, active movement of stablecoins is essential, along with a cooling off of derivatives trading and substantial purchases from institutional investors and exchange-traded funds (ETFs). Featured image from DALL-E, chart from TradingView.com
Ethena’s synthetic dollar protocol draws backing from UAE-based M2 Holdings affiliate
Nine leading European banks, including ING, UniCredit, KBC, and CaixaBank, are collaborating to launch a euro-backed stablecoin that meets the EU’s MiCAR regulations. This innovative digital currency aims to enable fast, secure, and affordable payments across Europe. Targeted for launch in the latter half of 2026, the stablecoin will offer a strong European alternative to …
Naver Financial, the fintech arm of South Korea’s largest portal Naver is set to acquire Upbit, the country’s largest crypto exchange, through a share-swap with operator Dunamu. The move not only gives Naver a direct role in digital asset trading but also gives direct entry into the fast-emerging stablecoin market. Naver To Take Over Upbit …
The crypto market is witnessing a sharp downturn today, leaving traders and investors questioning the sudden sell-off. Bitcoin (BTC) price and major altcoins have slipped after facing heightened selling pressure, with billions wiped out from global market capitalisation in just hours. Analysts point to large-scale liquidations, weak ETF inflows, and rising macroeconomic concerns—such as a …
Ether's price decline was part of a broader market downturn amid concerns of a potential U.S. government shutdown.
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.