Crypto faces a critical test this week as the quarterly options expiry collides with a key U.S. inflation reading, a convergence that could determine whether the rally gains momentum or falters. Roughly, $22.3 billion in crypto options will expire as the third quarter comes to a close on Friday, according to options exchange Deribit. Out
Bitcoin price extended losses after it traded below $112,500. BTC is now consolidating losses and might decline again to test the $108,500 support zone. Bitcoin started a fresh decline below the $112,500 zone. The price is trading below $111,500 and the 100 hourly Simple moving average. There are two bearish trend lines forming with resistance
Bitcoin (BTC) treasury companies that raised capital through PIPE (private investment in public equity) deals face mounting pressure as share prices gravitate toward their discounted issuance levels, creating potential losses of up to 55% for current investors. According to a Sept. 25 repnort by CryptoQuant, the pattern appears consistent across multiple companies that used PIPEs
Sony Bank has established BlockBloom Inc., a wholly owned subsidiary that will develop Web3 services, including digital assets, NFTs, and blockchain infrastructure. Announced on Thursday, the move follows plans disclosed in July. The subsidiary will operate under Japan’s regulated framework for digital assets and plans to integrate blockchain technology into the bank’s services. Sony Bank
Bion, a Web3 shopping platform, has announced its strategic partnership with Customer Relationship Management (CRM), a digital asset trading platform. The basic purpose behind this partnership is to make Web3 shopping easy with a crypto payment method all over the world, by offering smarter credit and lending through real-world utility. Bion app set to provide
Bitcoin ($BTC) is going through a significant drop in accumulation levels. Particularly, the $BTC accumulation is waning irrespective of the heightened price levels. As per the data from Glassnode, Bitcoin’s Accumulation Trend Score is declining to a great extent, indicating a minimized buying pressure posed by large cohorts. Hence, this muted accumulation highlights the risk
Bitcoin fell to $108,000 on Thursday, dropping 3.6% in 24 hours, and nearly 7% for the week, according to data from CoinGecko. The decline triggered widespread losses across crypto markets, sending Ethereum down 8% to $3,887 and bringing Ether’s four-week loss to 23%. The sell-off came with a spike in liquidations, wiping out more than
Leading economic policymakers who have marked the last 35 years of the US have called on the Supreme Court to protect the independence of the Fed. Eighteen signatories, including all living former Fed presidents, supported Fed member Tim Cook to continue his duties. The amicus brief warned that removing Cook before the completion of his
Base’s $5 Billion TVL Milestone — Real Growth? Coinbase’s Layer-2 blockchain, Base, has been making waves in the Ethereum scaling space, and recent data show that its ambitious goal of reaching $5 billion in total value locked (TVL) is not just hype, but a tangible reality fueled by a thriving developer community. As of September