Author: Kryptonews

Key takeaways:XRP’s failure to hold $3 points to a continued downside risk to $2.40-$2.Whales continue to sell XRP.Declining daily active addresses signal reduced transaction activity and liquidity.XRP (XRP) price is flashing warning signs below $3 as bearish technical patterns emerge on its daily chart, coinciding with selling by whales and declining network activity. XRP price charts hint at more downsideXRP price has been forming a descending triangle pattern on its daily chart since its rally to $3.66 multi-year highs, characterized by a flat support level and a downward-sloping resistance line.The recent breakout above the triangle’s upper trendline turned out to be…

In brief The PAC says it has lined up more than $100 million to support pro-Trump candidates in upcoming races. FEC records show that the group was registered in August, but filings have listed no receipts or expenditures to date. Its launch comes as crypto political spending grows. Crypto is once again taking the stage in Washington with the launch of The Fellowship PAC, a new super political action committee that says it has lined up more than $100 million to back pro-Trump candidates.A document from the Federal Election Commission confirms that the committee filed its statement of organization on…

Who is Peter Thiel, and what’s his crypto treasury strategy? Peter Thiel has quietly established a large footprint in crypto treasuries by backing companies that invest in Ethereum. This approach gives him significant indirect exposure to the cryptocurrency’s growth while staying aligned with his broader venture capital strategy.Peter Thiel, best known as the co-founder of PayPal and Palantir, approaches crypto exposure through an indirect path. Instead of simply buying Ether (ETH) on balance sheets like Saylor does with Bitcoin (BTC), Thiel’s play is to take significant stakes in companies that transform themselves into Ether-treasury vehicles. This method gives him exposure…

Pump.fun, a Solana-based memecoin launchpad, has surged past perpetuals exchange Hyperliquid in daily protocol revenue, according to new data from DefiLlama. Key Takeaways: Pump.fun surpassed Hyperliquid in daily protocol revenue, hitting over $1 billion in trading volume and ranking third among DeFi platforms. The memecoin market cap surged to a 30-day high of $83 billion, reflecting strong retail interest and token launches. Pump.fun is expanding into livestreaming, paying $4 million to creators as it aims to rival platforms like Rumble and Kick. The milestone comes as memecoin trading continues to rally in September, fueled by a sharp spike in market…

Standard Chartered’s venture arm is preparing to launch a $250 million cryptocurrency investment fund in 2026, signaling growing institutional appetite for digital assets.Standard Chartered’s SC Ventures plans to raise the capital to open the investment fund focused on digital assets in the financial services sector, Bloomberg reported Monday, citing operating partner Gautam Jain.Set to launch in 2026, the fund will be backed by Middle East investors, with a focus on global investment opportunities, Jain told Bloomberg.SC Ventures’ plan follows a wave of corporate treasury firms building long-term accumulation strategies, adding to expectations that more institutional inflows may enter the crypto…

Strategy, the largest public holder of Bitcoin, has expanded its reserves even as the premium on its stock continues to fade.The company revealed on Sept. 15 that it purchased 525 BTC for about $60.2 million, paying an average price of $114,562 per coin.The latest buy pushed Strategy’s 2025 Bitcoin yield to 25.9% and lifted its total holdings to 638,985 BTC. The stash, acquired for $47.23 billion at an average of $73,913 per coin, is now valued at $73.97 billion, giving the firm an unrealized profit of roughly 57%.Strategy said it financed its latest Bitcoin purchase through proceeds from ongoing share…

Sotheby’s has landed one of the biggest consignments announced yet for the November sales in New York: $400 million in art from the collection of Leonard Lauder, who died in July at 92. The crown jewel of the tranche of artworks is likely to be the crown jewel of the November auctions more broadly: Gustav Klimt‘s Portrait of Elisabeth Lederer (1914–16). According to the New York Times, which first reported the news, the painting is expected to more than $150 million and is thought to be one of the few full-length Klimt portraits still held privately. Related Articles The Klimt…

Crypto Finance, a subsidiary of Deutsche Börse Group, unveiled AnchorNote, a system designed for institutional clients who want to trade digital assets without moving them out of regulated custody.The system integrates BridgePort, a network of crypto exchanges and custodians, enabling off-exchange settlement and connectivity to multiple trading venues. By keeping assets in custody while allowing real-time collateral movement, AnchorNote aims to improve capital efficiency and reduce counterparty risk, according to a press release.The service allows clients to set up dedicated trading lines, with BridgePort handling messaging between venues and Crypto Finance acting as collateral custodian, the press release said. Institutions…

Ethena said it expects to activate the ENA fee switch, pending final implementation approval by its Risk Committee and a tokenholder vote, after the pre-set parameters were met.Those parameters, agreed in late 2024, require USDe supply above 6 billion, lifetime protocol revenue above 250 million, and USDe integration on four of the top five centralized derivatives venues.The Foundation plans to publish implementation details before submitting a framework to ENA holders for confirmation via vote, per the group’s official communications.Thresholds track core protocol economics.USDe revenue is driven by futures funding and basis, while sUSDe distributes part of that to holders. In…

It’s a risk-on environment, with stocks leading major cryptocurrencies higher, but Wall Street’s fear gauge, the VIX, is stirring up some nerves.On Monday, Wall Street’s benchmark index, the S&P 500, set a record high for the fourth consecutive trading day, reaching 6,519 points. The tech-heavy Nasdaq index also hit lifetime highs, and the Dow Jones traded near the peak recorded on Thursday.Equities rose, disregarding the bearish September manufacturing survey, as bond yields fell in anticipation of a 25-basis-point Fed rate cut on Wednesday. According to the Fed funds futures, traders expect rates to drop to 3% from the present 4.25%…