Day: September 26, 2025

XRP Faces Another 10% Dip as Bulls Stay Sidelined

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Key takeaways: XRP hovered near the $2.75 support, risking an 8–10% drop to $2.50. Onchain URPD data indicated a strong buyer cluster around $2.45–$2.55. Liquidity compression and ETF catalysts hint at a potential expansion phase. XRP (XRP) price action is teetering at a critical level, with the altcoin consolidating at the base of a descending triangle, a typically bearish setup. The altcoin hovered around the $2.75 support, but sustained selling pressure could drag prices lower toward the $2.65 to $2.45 range. XRP one-day chart analysis. Source: Cointelegraph/TradingView Such a move…

Citi Raises Stablecoin Market Cap Forecast to $4T by 2030

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Citi, an international banking and financial services company, revised its stablecoin forecast due to the strong growth of the sector in the last six months, and now projects the stablecoin market cap will grow to $4 trillion by 2030. Analysts at Citi project a $1.9 trillion stablecoin market as their “base” case and up to $4 trillion as the “bull” case, up from previous projections of $1.6 trillion and $3.7 trillion, respectively, according to Thursday’s forecast. Analysts at Citi also said stablecoins would not disrupt the banking sector, contrary to…

SoftBank, ARK Eye Stake in Massive Tether Fundraise: Report

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At least two high-profile investment companies are reportedly vying to back stablecoin issuer Tether as it looks to sell roughly 3% of its equity — a move that underscores pent-up investor demand for one of the world’s most profitable companies. According to Bloomberg, venture capital giants SoftBank Group and ARK Investment Management are among potential investors considering a combined investment of up to $20 billion in Tether.  As Cointelegraph reported this week, if successful, the funding round could value the company at up to $500 billion, placing it among the…

Fetch.ai introduces Agentverse MCP, enabling AI agent creation in minutes

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Key Takeaways Fetch.ai launched Agentverse MCP, enabling fast AI agent creation and deployment across various platforms, including Claude AI and OpenxAI Network. A streamlined variant, Agentverse MCP-Lite, allows for quick agent setup and monitoring. Share this article Fetch.ai today launched Agentverse MCP, a server enabling rapid AI agent creation and deployment for platforms like Claude AI and OpenxAI Network, a decentralized AI infrastructure provider. The new tool allows users to build and deploy AI agents in minutes across compatible MCP clients. The launch includes Agentverse MCP-Lite, a streamlined server variant…

Kraken in talks with strategic investor at $20B valuation: BBG

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Key Takeaways Kraken is reportedly in talks with a strategic investor for a deal valuing the company at $20 billion. This would mark a sizable increase from its last $15 billion valuation after a $500 million funding round. Share this article Kraken, a cryptocurrency exchange preparing for a 2026 IPO, is in talks with a strategic investor at a $20 billion valuation, Bloomberg reported today. The discussions represent a significant jump from Kraken’s recent $500 million funding round that valued the company at $15 billion. That round included participation from…

BounceBit Prime surpasses $1.5B in cumulative volume with help from Franklin Templeton’s Benji

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Key Takeaways BounceBit Prime exceeded $1.5B in cumulative volume, largely due to support from Franklin Templeton’s Benji token. Benji is a tokenized share of Franklin Templeton’s OnChain US Government Money Fund and acts as collateral in BounceBit Prime strategies on BNB Chain. Share this article BounceBit Prime, a structured yield product integrating tokenized real-world assets, has surpassed $1.5 billion in cumulative volume with significant contributions from Franklin Templeton’s Benji token. Benji represents Franklin Templeton’s tokenized shares in its OnChain US Government Money Fund and serves as collateral within BounceBit Prime’s…

Cango mines 141 Bitcoin worth $15.4 million

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Key Takeaways Cango mined 141 BTC this week, bringing total holdings to 5,708.3 BTC as of Sept. 26, 2025. The firm has steadily accumulated Bitcoin throughout 2025, including 664 BTC mined in August. Share this article Cango, a NYSE-listed Chinese firm that pivoted from auto trading to Bitcoin mining, said on X that it mined 141 BTC worth $15.4 million this week. In August, the company reported mining 664 BTC, lifting its total holdings to 5,193 BTC. With the latest September update, Cango’s stack has climbed to 5,708.3 BTC as…

Theta Capital Management targets $200 million for blockchain fund

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Key Takeaways Theta Capital Management launches its fifth blockchain-focused fund, Theta Blockchain Ventures V, aiming to raise $200 million. The fund plans to invest in 10-15 digital asset venture funds, targeting a 25% net IRR. Share this article Theta Capital Management, an Amsterdam-based investment firm, today launched Theta Blockchain Ventures V, targeting $200 million to invest in 10-15 digital asset venture funds with a 25% target net IRR. The fund represents the firm’s fifth blockchain-focused venture, reflecting continued institutional interest in digital assets within Amsterdam’s expanding VC ecosystem. Share this…

Brazil’s Nubank appoints former Coinbase director as crypto lead

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Key Takeaways Nubank, Brazil’s largest digital bank, named Michael Rihani, ex-Coinbase director, as Head of Crypto. Rihani oversaw non-trading products and helped launch nearly $1 billion in Bitcoin-backed loans at Coinbase. Share this article Brazil’s Nubank, a digital financial services platform with over 123 million customers, appointed Michael Rihani as Head of Crypto today. Rihani recently left his role at Coinbase, the US-based cryptocurrency exchange, where he led non-trading products. Rihani will report to Nubank’s executive director of crypto and digital assets, focusing on advancing the Nubank Crypto platform for…

What really drives altcoin seasons? A closer look

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What really is altcoin season? Altcoin season, often called “altseason,” occurs when a significant portion of altcoins, cryptocurrencies other than Bitcoin, experience rapid price increases that outpace Bitcoin’s performance. This period is characterized by a shift of investor capital from Bitcoin (BTC) into assets such as Ether (ETH), Solana (SOL), Cardano (ADA) and even smaller tokens like Dogecoin (DOGE) or Pudgy Penguins (PENGU). The Altcoin Season Index is frequently used as a benchmark. Per Blockchain Center’s definition, altseason is considered underway when at least 75% of the top 100 altcoins…