Author: Kryptonews

Key takeaways:Bitcoin bounced to $113,900 after testing weekly lows, fueled by bullish divergences.Whale-sized entities have sold 147,000 BTC since August, signaling supply pressure.Bitcoin options implied volatility hit multi-year lows, hinting at a potential explosive move.Bitcoin (BTC) staged a swift recovery to $113,900 on Wednesday after sweeping below Monday’s low of $111,500 and briefly testing the $111,000 mark on Binance during the Asia trading session. The bounce signaled an early attempt at mid-week recovery, supported by emerging bullish signals on the charts.Bitcoin six-hour chart. Source: Cointelegraph/TradingViewOne of the key drivers behind the rebound is the bullish divergence between the relative strength…

Creditors of the collapsed crypto exchange FTX are facing another round of fraud, this time through a fake airdrop scheme.Sunil Kavuri, a popular FTX creditor advocate, warned on Sept. 24 that community members are being targeted with phishing emails exploiting information stolen in the Kroll data breach.Kavuri shared a screenshot of the message, which claimed that FTX creditors were eligible for an “ASTER” token distribution and directed them to connect their wallets to what appears to be a claims portal.ASTER is the native token of a fast-rising DEX platform connected to Binance founder Changpeng Zhao. The project is currently distributing 8.8%…

DeFi Development Corp, the first publicly listed company structured around a Solana-based treasury strategy, has expanded its share repurchase program to $100 million, marking one of the largest stock buyback initiatives in the digital asset sector.The company announced on Wednesday that its Board of Directors had approved an increase to the authorization from its initial $1 million, allowing management to buy back common stock on the open market under Rule 10b-18 of the Securities Exchange Act of 1934. $DFDV's Board of Directors has expanded our share repurchase authorization from $1M to $100M.The timing, method, & amount of any repurchases will…

Former US Commodity Futures Trading Commission (CFTC) member and US President Donald Trump’s pick to chair the agency, Brian Quintenz, may not face a vote in the Senate after reports suggested Trump was considering other candidates for the job.According to a Wednesday Semafor report, the Trump administration was vetting Josh Sterling, a former director at the CFTC’s market participants division, to chair the agency as Quintenz’s nomination reportedly stalled.Sterling, who worked at the CFTC from 2019 to 2021, was appointed to his position during the first Trump administration and did not face a Senate vote. He is a partner at…

The new week opened bearishly for Bitcoin (BTC), which briefly fell under $112,000 in Monday’s action. It has undergone a modest recovery since then and is currently trading near $113,500. Interestingly, a historic pattern has surfaced that often ignites sudden price surges. Social Sentiment Turns Dark There has been a striking rise in bearish Bitcoin predictions between $70K and $100K, which has outpaced bullish $130K-$160K targets. Previous instances have shown that when lower price calls dominate social mentions, it reflects fear and impatience among retail traders, and conditions were often found to precede upward price moves. On the other hand,…

Key takeaways:Aster (ASTER), the decentralized exchange (DEX) token tied to Binance founder Changpeng “CZ“ Zhao, may flip its rival Hyperliquid’s (HYPE) by market capitalization and rally 480%, multiple analyses show. ASTER price can grow 480%: analystMarket analyst Marcell says ASTER could absorb much of HYPE’s market cap, pointing to a straightforward comparative valuation.At its peak earlier this year, HYPE’s market cap climbed above $18 billion, nearly 4.8 times higher than ASTER’s current $3.74 billion.Source: Marcell/XIf ASTER were to simply match that same valuation, its token price would rise from about $2 today to roughly $9.69 in the future.Marcell notes that…

Here’s something you don’t see every day: the world’s most respected art critic interviewing the world’s most famous art dealer. But thanks to Numero magazine, we now have the pleasure of reading Roberta Smith’s interview with Larry Gagosian (and, inevitably, his with her). Here are the key takeways. They aren’t exactly buddies. Smith, who has been an art critic since the 1970s, and spent 13 years as the New York Times co-chief art critic until she retired last year, reviewed dozens of Gagosian shows but “seldom exchanged more than ‘Hello, nice to see you,‘ and the occasional air kiss” with…

Key Takeaways Aytunc Yildizli, former CEO of Avalanche Foundation, has joined 0G Labs as Chief Growth Officer. 0G Labs is positioning itself as an execution layer for decentralized AI. Share this article Aytunc Yildizli, former CEO of Avalanche Foundation, has joined 0G Labs as Chief Growth Officer today, marking a strategic move for the blockchain project positioning itself as an execution layer for decentralized AI.Yildizli transitions from leading the non-profit organization that supports the Avalanche blockchain to spearheading growth initiatives in the web3 AI sector at 0G. Share this article

What’s wrong with current stablecoins? Put simply, too much profit is directed to issuers. In most cases, the yield from reserves flows back to those managing the stablecoin rather than to its users.When you hold a stablecoin like USDC (USDC) or Tether’s USDt (USDT), the issuer (Circle or Tether) holds real dollars or safe assets (such as US Treasurys, money market funds or cash) to back every token in circulation.They park their reserves in safe assets such as US Treasurys, which earn interest. That interest adds up to billions, and it goes straight to the issuers, not to the exchanges…

IREN (IREN), one of the largest self-operated BTC$113,688.55 miners in the U.S., is breaking away from the pack, and Wall Street is taking notice.Bernstein analysts raised their price target on IREN to $75 from $20, implying about 80% upside, as the miner doubles down on building its own AI cloud business rather than relying on co-location deals with partners like CoreWeave (CRWV).IREN has already had a major move, ahead more than eight-fold from its 52-week low of $5.13 hit in April. The shares are higher by 365% year-over-year.The broker now sees IREN’s AI pivot as credible, despite early skepticism about…