Author: Kryptonews

In brief Galaxy Digital has purchased more than $700 million worth of Solana since Wednesday, on-chain data shows. The buys are likely tied to Galaxy’s backing of Forward Industries, poised to be the largest Solana treasury firm. Solana hit its highest price since January on Friday, topping $241 and rising 19% in the last week. Investment firm Galaxy Digital has purchased over $700 million in Solana within the past two days, as part of its investment in SOL treasury firm Forward Industries. And the price of Solana has continued to rise, all the while.Galaxy has been transferring SOL mostly from…

When Core Scientific signed a $3.5 billion deal to host artificial intelligence (AI) data centers earlier this year, it wasn’t chasing the next crypto token — it was chasing a steadier paycheck. Once known for its vast fleets of bitcoin mining rigs, the company is now part of a growing trend: converting energy-intensive mining operations into high-performance AI facilities.Bitcoin miners like Core, Hut 8 (HUT) and TeraWulf (WULF) are swapping ASIC machines — the dedicated bitcoin mining computer — for GPU clusters, driven by the lure of AI’s explosive growth and the harsh economics of crypto mining. Power playIt’s no…

Financial markets keep rallying, but a look beneath the surface paints a much riskier picture for the months ahead. Many investors now warn that Wall Street is ignoring growing cracks in the U.S. job market and real economy, a disconnect that has led to major trouble before.Why Wall Street is so out of stepHistory shows a persistent pattern. As EndGame Macro pointed out, when job openings decline and unemployment ticks up, the stock market often keeps climbing, until reality hits.In 2001, 2008, and again in 2020, stocks stayed buoyant on hopes of a Fed rescue or “new era” narratives, only…

Key NotesChainlink price hit $25 on Sept 13, notching 15% weekly gains.Polymarket confirmed live Chainlink oracle integration on Polygon mainnet.Open interest slipped despite a 7% jump in trading volumes. Chainlink price grazed the $25 mark on Saturday, Sept 13, stretching weekly timeframe gains to 15%. The surge comes as Polymarket officially adopted Chainlink’s feed for the settlement of price-related wagers. Both entities confirmed the operational partnership in a Friday press release, stating the integration is live on the Polygon mainnet. According to the statement, the upgrade enables the creation of secure, real-time prediction markets across hundreds of crypto trading pairs.…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 4284.12, up 1.6% (+65.55) since 4 .p.m. ET on Thursday.Thirteen of 20 assets are trading higher.Leaders: SOL (+5.5%) and AAVE (+2.4%).Laggards: AVAX (-2.4%) and ICP (-1.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Companies adding underperforming altcoins to their balance sheets are muddying the broader treasury narrative, says Bitcoin treasury company Nakamoto CEO, David Bailey.“The treasury company moniker itself is confusing,” Bailey said in an X post on Sunday. “Toxic financing, failed altcoins rebranded as DATs, too many failed companies with no plan or vision. It’s totally muddled the narrative,” Bailey said.David Bailey says the sector is “being tested”Bailey emphasized that “the core strategy is to build and monetize your balance sheet.”“If you can do it well, you will grow your assets over time; if you do it poorly, you will trade at a…

Pakistan has opened the door to international crypto businesses, inviting leading exchanges and virtual asset service providers (VASPs) to apply for licenses under a new federal regime.On Saturday, the Pakistan Virtual Asset Regulatory Authority (PVARA) called on major crypto firms to submit Expressions of Interest (EoIs) to enter the country’s digital asset market, according to a report by local news outlet Dawn.“This EoI is our invitation to the world’s leading VASPs to partner in building a transparent and inclusive digital financial future for Pakistan,” said Bilal bin Saqib, PVARA chair and minister of state for crypto and blockchain.Eligibility is limited…

Bitcoin’s gradual price recovery over the past week or so saw some resistance at $116,000, and the asset has failed to reclaim that level decisively. Expectedly for a weekend trading, most altcoins are quite sluggish with little to no moves in either direction. However, there are a few exceptions. BTC Keeps Calm at $116K The aforementioned price recovery began at the start of the current month when bitcoin slumped to a multi-week low of just over $107,000. The asset tested that support on a couple of occasions in just a few days at the time. However, the bulls ultimately managed…

Solana SOL$246.91 ripped higher on Friday, hitting its strongest price since January as digital asset treasury demand could be taking shape.The token rallied 5% over the past 24 hours to just shy of $240. It has extended weekly gains to 18% and vastly outperformed bitcoin BTC$115,782.76 and ether (ETH), which advanced just 4%-5% over the same period.The gains occurred as digital asset manager Galaxy Digital withdrew some 3.1 million in SOL tokens from exchanges, predominantly from Binance and Coinbase, through the last two days, worth a total of $724 million, blockchain data by Arkham Intelligence showed.Galaxy withdrawing SOL from exchanges…

Key Takeaways Farcaster introduced token and trade alerts for Base and Solana blockchains. Users can track trading activity and set customized price notifications directly within Farcaster. Share this article Farcaster launched token and trade alerts for Base and Solana networks today, allowing users to track trading activity and set price notifications.The decentralized social protocol now enables users to follow traders and receive notifications within seconds of their transactions. Users can also configure custom price alerts to monitor when to buy or sell tokens across both blockchain networks.The new feature integrates trading surveillance tools directly into Farcaster’s social media platform, combining…