Crypto News

- BlackRock’s $12.5T Bitcoin ETF Filing Shakes Markets — Is Approval Imminent? BlackRock, the world’s largest asset manager, has filed an application for a new Bitcoin Premium Income ETF, a move that could significantly expand institutional exposure to digital assets. The $12.5 trillion firm is seeking approval for what would be its latest entry into cryptocurrency products, adding to its growing dominance in the exchange-traded fund market. New BlackRock ETF Seeks Yield on Bitcoin Through Covered-Call Strategy The proposed Bitcoin Premium Income ETF is designed as a covered-call strategy, offering yield on Bitcoin holdings. Bloomberg analyst Eric Balchunas noted that BlackRock has registered the name iShares Bitcoin Premium ETF...

- Peter Thiel-backed startup rewards $8K to every participant Plasma, a blockchain focusing on stablecoins funded by billionaire investor Peter Thiel, launched its mainnet in beta on Sept. 25 and surprised early supporters by airdropping tokens. The company told Decrypt that all participants in its pre-deposit ICO scheme received $8,390 worth of XPL tokens, regardless of the number of tokens purchased. Equal rewards for all pre-depositors Rather than assigning a larger reward to individuals who deposited more, Plasma chose to distribute the tokens uniformly, meaning all depositors received the same amount of tokens. By the time of launch, the total token allocation was valued at approximately $25.5 million. When that allocation was...

- Key Points XRP (CRYPTO: XRP) fell on Thursday, down 6.8% as of 4:59 p.m. ET, as measured from 4 p.m. on Wednesday. The move comes as the S&P 500 and Nasdaq Composite both lost 0.5% on the day. The banking-focused crypto is falling along with much of the market as investors await Friday's personal consumption expenditure (PCE) data. PCE inflation in focus for crypto investors Many investors were hoping the Federal Reserve would cut rates by more than the 0.25% announced last week. That led to the forced liquidation of many leveraged positions that traders had taken ahead of the rate cut announcement. Lower interest rates typically reduce returns on safe assets, such as bonds, making riskier investments, like XRP, more attractive...

- Did Michael Saylor Rebut a Controversial Bitcoin Proposal? It's Complicated When Michael Saylor speaks, Bitcoiners often listen. But on Thursday, they couldn’t seem to agree on whether Strategy’s co-founder and executive chairman meant to weigh in on a controversial change to Bitcoin’s codebase that has split the community in recent months. On Wednesday, Saylor reposted a stylized video on X of him speaking on The Peter McCormack Show. The episode, which debuted over a year ago, showcased his thoughts on how changes to Bitcoin’s protocol could potentially lead to unintended and negative consequences. The 10-minute clip that Saylor reposted included a call to action at the very end, which Saylor has never made publicly himself. The...

- Sharpbet Makes Stock Tokenization Gamble As ETH Price Loses $4,000 A Nasdaq-listed company just moved to put its stock on Ethereum on the same day Ether slipped below $4,000 amid a fresh wave of liquidations. SharpLink Gaming (Nasdaq: SBET) announced Thursday it will tokenize its SEC-registered common stock on the Ethereum blockchain, becoming the first US public company to issue equity on Ethereum natively. The move, in partnership with Robert Leshner’s Superstate, comes as Ethereum’s price slid back below $4,000 on September 25. The Minneapolis-based sports gaming and technology firm aims to test compliant secondary trading of tokenized shares on automated market makers (AMMs). Superstate will serve as SharpLink’s digital...

- Bitcoin miners can’t catch a break — and now they’re entering what the industry is grimly calling the “chill zone.” This week, hashprice — a key measure of profitability for Bitcoin miners — fell below $50 for the first time since April, according to TheMinerMag. If current projections hold, that figure could drop to below $46, a level not seen since Bitcoin traded near $90,000. It’s a cruel irony: Bitcoin sits above $110,000, yet miners are making less money than when it was $20,000 cheaper. Figures like those are near to what’s considered a worst-case scenario for miners. Already in April, the situation was dire. Back then, hashprice had fallen to $40, a level considered by TheMinerMag to be at or below break-even for many...

- A regulatory shift by the United States Securities and Exchange Commission (SEC) has quietly redrawn the path to market for crypto exchange-traded funds. On September 17, the Commission adopted new standards that allow certain crypto ETFs to be listed more quickly, bypassing months of case-by-case approval. Previously, each spot ETF required a full review through what is known as a Rule 19b-4 filing. Now, exchanges can use generic listing standards if the products meet predefined criteria. The change reduces waiting periods from nine months to just under three months in some cases. What the SEC’s ETF Rule Actually Changes Within days, ETF issuers began preparing amendments and launching new products based on this framework. Among...

- Ohio is set to become the first U.S. state to accept cryptocurrency for official payments, following the Board of Deposit's approval of a vendor contract to process digital assets, such as Bitcoin, for state fees and services. On Sept. 25, Secretary of State Frank LaRose announced the decision, describing it as a "bold step" that will position Ohio at the forefront of the digital economy. "Ohio has always been a state of pioneers and innovators," LaRose said in a statement. This move comes after months of deliberation. In May, the State Board of Deposit voted unanimously to allow crypto payments, provided the vendor was approved. LaRose's office, which processes transactions totaling nearly half a million a year, will be the first...

- Bitcoin price dips below $110,000 for the first time since early September, posting a 5% loss on Thursday as downturns in global risk-assets markets intensify this week. Corporate demand for Bitcoin remains steady as US-based firms maintain a buying stance, capitalizing on the falling BTC prices. US spot Bitcoin ETFs showed signs of resilience after a rocky start to the week. Data revealed $241 million in inflows on Wednesday, partially offsetting the combined outflows of $466 million on Monday and Tuesday. BlackRock’s IBIT ETF dominated inflows with $128.9 million, while Ark Invest’s ARKB and Fidelity’s FBTC contributed $37.7 million and $29.7 million, respectively, representing the second and third largest inflows. Further...

- Myriad Moves: Ethereum and Solana Sentiment Flips Bearish as Prices Tumble The crypto market is slumping this week as liquidations surge, prompting significant changes to some of Myriad’s most traded prediction markets. Predictors have flipped from bullish to bearish, altering the odds completely for markets related to the price of Ethereum, Solana, and Pudgy Penguins’ culture coin, PENGU. Ethereum’s next hit: moon to $5K or dip to $3.5K? The euphoria around the short-lived Ethereum all-time high push last month has faded. Ethereum came within $54 of hitting $5,000 in late August but has since slid below $4,000. This price volatility mirrors Myriad's market, asking predictors about the next target for ETH—$3,500 or $5,000. Since...

- Kadena exec warns not all assets are fit for tokenization: 'Just because you can..' Cesar Pereira, vice president of business development at Kadena, believes tokenization will transform the way markets operate but not every asset is an ideal candidate. “In the most simplest terms, tokenization is nothing more than taking an asset and digitizing that asset and representing that asset in a digital token format on the blockchain,” Pereira said in an interview with TheStreet Roundtable. From gold and real estate to bonds and private equity, he noted, “literally we can tokenize just about anything and represent it in its digital format.” Efficiency and transparency in finance According to Pereira, the biggest benefit of tokenization...

- Cloudflare makes surprise move into crypto space Cloudflare (NYSE: NET) is planning to introduce NET Dollar, a stablecoin pegged to the U.S. dollar, to enable instant, secure transactions in the AI-driven internet, the American tech giant announced on Sep. 25. The currency will power a new business model for the internet that rewards originality, creativity, and innovation in the age of AI, the statement read. Cloudflare to launch NET Dollar Cloudflare is a leading technology company that helps its clients secure websites and networks, register domains, and access wide area networks, among other services. Now, the tech giant is pivoting to finance and plans to launch a stablecoin for fast, secure, and global payments. A...

- Is Apple About to Invest Billions in Intel? Key Points The hot trend in big tech now, it seems, is to plow vast amounts of capital into Intel (NASDAQ: INTC). Last month, the federal government invested a cool $8.9 billion to own roughly 10% of the chipmaker's equity. Closely following that, Asian tech conglomerate SoftBank bought into the company with a $2 billion investment. Finally, in September, Nvidia piled in with a $5 billion stock buy. Now, apparently, Apple (NASDAQ: AAPL) might be reaching for its wallet, too. Together again... maybe On Wednesday, Bloomberg, citing unnamed "people familiar with the matter," reported that Intel approached Apple regarding such an investment. Officials from the two tech giants also talked...

- Google Just Made Cipher Mining An AI-Crypto Hybrid Bet Cipher Mining Inc (NASDAQ: CIFR) just landed one of the most eye-catching endorsements in crypto infrastructure: Alphabet Inc (NASDAQ: GOOGL). Google took a 5.4% stake in the Bitcoin miner, securing roughly 24 million warrants as part of a 10-year, $5 billion AI hosting deal. The structure effectively backstops $1.4 billion in financing tied to Cipher's Texas data center buildout. For investors, that transforms Cipher from a niche miner into a leveraged bet on the AI-crypto convergence. AI Meets Bitcoin: The Stargate Factor The timing couldn't be better. OpenAI, SoftBank, and partners just unveiled a $400 billion Stargate data center initiative spanning nearly 7 GW, with two...

- ALT5 Sigma Corporation (Nasdaq: ALTS), the crypto infrastructure firm that holds World Liberty Financial (WLFI) tokens in its treasury, saw its stock decline 9.76% to close at $3.42 on Sep. 24. The stock has tanked around 60% since the company announced its decision to build a WLFI treasury. WLFI bet unprofitable... at least, so far Founded in 2018, ALT5 Sigma is a fintech firm that offers technologies to build crypto trading, clearing settlement, payment, and tokenization enterprises. The firm announced on Aug. 11 that it will raise $1.5 billion through the sale of shares to acquire WLFI tokens to add to its corporate treasury. The move essentially turned the firm into a digital asset treasury (DAT) company. A DAT company...

- Key Points The cryptocurrency market has had an extraordinary year, with top cryptos like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) setting new all-time highs. That upward trend has stalled recently. As of September 25, Bitcoin has fallen 5% in the last week, Ethereum is down 13%, and XRP (CRYPTO: XRP) has shed over 9% over the same time period. 1. Money is flowing out of crypto ETFs Crypto often suffers from a 'buy the rumor, sell the news' syndrome. Speculation drives prices up in anticipation of a big event, and then they fall because investors sell once it actually happens. In the run-up to the Fed rate cut on September 17, crypto prices rallied, and spot Bitcoin ETFs saw solid inflows. But as investors digested...

- Major digital coins including Bitcoin, Ethereum, and Dogecoin plunged on Thursday, with liquidations over a 24-hour period closing in on $1 billion. Bitcoin, the leading cryptocurrency, was recently down by nearly 4%, trading for under $109,700, CoinGecko data shows. While Ethereum, the second biggest digital coin, dropped further—by 7.5%—and was trading for $3,879 Thursday afternoon New York time. Other major cryptocurrencies were battered harder, with Dogecoin dropping by nearly 9%. The original meme coin and eighth-biggest digital asset was trading close to $0.23. Solana has fallen about as hard on the day, dipping almost 9% to $196. Both SOL and DOGE are down about 21% over the last week alone, making them the biggest losers...

- Bitcoin falls below $110,000 as 'cautious tone' sweeps over market Bitcoin (BTC-USD) slipped below $110,000 on Thursday amid a broader sell-off in crypto and stocks. The largest cryptocurrency declined more than 3% while ethereum (ETH-USD), solana (SOL-USD), and other coins saw even bigger drawdowns in what has been a rocky week for the crypto market. Ether fell roughly 5% to below $3,900 before paring losses, marking its lowest level since August, as ethereum exchange-traded funds (ETFs) saw net outflows over the past 24 hours. "The persistent downward pressure is rooted in the absence of sufficient buying power to defend prices following the massive wave of liquidations seen on Monday," wrote Samer Hasn, senior market analyst...

- XRP, the native token of XRP Ledger, developed by the fintech firm Ripple, has been down nearly 10% since Sept 19. While the token briefly surged on Sept. 23, after Ripple CEO Brad Garlinghouse announced his wedding. However, the token soon tanked on Sept 24 after briefly reaching $2.99. While XRP is currently down nearly 2%, at $2.82, Coinglass data reveals that around $8.28 million worth of XRP has been long over the last day. Resistance is located near the $3.20–$3.30 zone, and support is found around the $2.60 price point. However, momentum has cooled since the July rally, with the MACD now hovering near a bearish crossover. If XRP maintains a position above $2.60, a period of consolidation may result in a retest of $3.00...

- Nansen, a blockchain analytics firm, has expanded its AI capabilities by launching Nansen AI, a chatbot that leverages its comprehensive dataset of labeled wallets across numerous chains. This tool is constructed using Claude, Anthropic’s language model, and is equipped with Nansen’s exclusive on-chain intelligence. It provides users an interactive platform to understand market trends and wallet behavior, rather than relying on traditional charts and dashboards. Currently, the bot functions as a research assistant, enabling users to request trading signals, understand wallet flows, or identify smart-money activity. A future enhancement includes trading execution capabilities, contingent on human approval. To encourage user...