Author: Kryptonews

Key points:Bitcoin witnessed the biggest long liquidation of the year, indicating that bulls are losing their grip over the market.Several altcoins are striving to hold on to their support levels but may face solid selling on rallies.Bitcoin (BTC) fell to $111,800 on Monday but has since then recovered above the $112,700 level. The nasty fall was due to liquidation of leverage positions. CoinGlass said in a post on X that traders faced $1.62 billion in long liquidations in 24 hours, which was the biggest long liquidation of this year.Select analysts are not perturbed by the fall as they anticipate BTC…

In brief The UK’s Financial Conduct Authority has reduced application process times for crypto service providers by 69% since 2022/23. Total applications have declined over the past couple of years, as firms wait and see how UK crypto regulation develops. Successful applications have also declined, although fewer firms are withdrawing applications. The UK’s Financial Conduct Authority has reduced the time it takes to approve crypto registration applications by 69% since 2023, although data from the regulator also show that there has been a 43.5% decline in applications over the past two years.The FCA has released the data following a freedom…

A group of Democratic senators in the US Congress has signaled its intention to work with Republicans on advancing legislation to establish a digital asset market structure framework.In a Friday statement, 12 Democrats, including members of the Senate Banking Committee and Senate Agriculture Committee, issued a statement ahead of an expected vote on a crypto market structure bill pushed by Republican leadership.“We hope our Republican colleagues will agree to a bipartisan authorship process, as is the norm for legislation of this scale,” the statement reads. “Given our shared interest in moving forward quickly on this issue, we hope they will…

Shiba inu SHIB$0.0₄1210, the world’s second-largest meme token by market value, dropped sharply along with the broader market, triggering a bearish price pattern. However, the token has outperformed its peer dogecoin DOGE$0.2076.Prices declined 5% from $0.000012888 to $0.000012188 over the 24 hours, crowding out over $1 million in leveraged bets, most of which were long positions, a sign that the market was skewed bullish, according to data source Coinglass.Robust resistance was established at $0.00001237 level during high-volume liquidation, with support emerging at $0.00001197.More importantly, the decline marked a downside break of the contracting triangle identified by trendlines connecting Jun. 22…

Asset manager Strive has reached an agreement to purchase Bitcoin-focused Semler Scientific in a fully equity-based rather than cash-based deal.Under the terms announced Sept. 22, each Semler Scientific share will convert into 21.05 Strive Class A common shares, valuing the target at $90.52 per share. That price represents a premium of more than 200% compared with its recent market value.The merger outlines a two-track plan for the future company. Semler’s well-established diagnostic line could be monetized directly or spun out to deliver shareholder returns.At the same time, Strive and Semler leaders plan to broaden the scope of preventative diagnostics, with…

BitMine now controls a stake larger than most crypto-native institutions, amassing over 2% of Ethereum’s supply in under three months. The aggressive accumulation signals a bullish conviction and the rise of public companies as power players in digital-asset ownership. Summary BitMine now holds more than 2.4 million ETH tokens, over 2% of Ethereum’s supply, in under three months. The firm’s $11.4 billion war chest makes it the largest corporate Ethereum holder, ahead of rivals. Its rapid accumulation links directly to rising equity performance and a long-term ETH thesis. According to a press release dated September 22, BitMine Immersion Technologies now…

PayPal Ventures has invested in Stable to bring PayPal USD PYUSD$0.9998 to Stablechain, aiming to expand its distribution and make global payments faster and cheaper, according to a blog post Monday.Stable’s blockchain, built for stablecoin transactions with sub-second finality and low fees, is designed to fix the infrastructure issues that have slowed adoption, the company said.The size of the investment was not disclosed.Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets, providing among other things a payment infrastructure, and are also used to transfer…

Defi Miner leverages advanced AI technology and green, eco-friendly energy to help BTC holders convert idle assets into a stable cash flow. The platform adheres to principles of transparency and security, employing bank-grade multi-layer encryption to ensure fund safety without worry. Earnings are publicly visible in real-time. Supporting multiple mainstream cryptocurrencies, Defi Miner offers simple operation and flexible contracts, dedicated to providing users with a friendly and efficient mining experience.Introduction to Defi Miner Cloud MiningCloud mining is a new mining method that requires no purchase or maintenance of physical mining hardware. Users simply rent computing power provided by industrial-grade data…

The crypto market is down today, with the global market cap falling by 3.8% to $3.97 trillion. Trading volume, however, is up, reaching $190.3 billion. Most major assets are in the red over the past 24 hours, with only a few exceptions among top coins. TLDR: 9 of the top 10 cryptos are in the red; BTC down 2.7% to $112,508, ETH drops 6.7% to $4,166; Fear & Greed Index at 47 shows neutral sentiment; Bitunix warns Trump’s $100K H-1B visa fee may fuel volatility across markets; US BTC spot ETFs saw $222.62M in inflows; US ETH spot ETFs gained…

Last week, the Federal Reserve’s decision to trim interest rates set off a new wave of investment into digital asset funds, with CoinShares tracking $1.9 billion of fresh inflows.The policy shift, a 25 basis-point cut announced after the September FOMC meeting, gave investors a clearer signal that risk assets could benefit from easier financial conditions.James Butterfill, CoinShares head of research, noted that market traders initially hesitated as they interpreted the so-called “hawkish cut” as a mixed message. However, their sentiment flipped once markets had time to adjust to this policy change.According to him:“Inflows resumed later in the week, with $746…