Day: October 2, 2025

Plasma CEO Denies XPL Token Sale Rumors

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Paul Faecks says no XPL team tokens have been sold, with allocations locked for three years with one year cliff amid insider dump rumors. Plasma CEO Paul Faecks has clarified that no team members have sold their XPL allocations. His statement came in response to speculation following the token’s recent launch. Faecks Addresses XPL Concerns The controversy began when blockchain sleuths flagged large XPL transactions from team wallets shortly after its debut, with some suggesting that these movements were linked to insiders cashing out early. Critics also pointed to the…

New York bill proposes tax on Bitcoin mining for energy aid

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Key Takeaways New York introduced bill S.8518 to tax proof-of-work cryptocurrency mining operations such as Bitcoin. The tax revenue is intended to fund energy relief programs for state residents. Share this article New York lawmakers introduced bill S.8518 today to impose taxes on proof-of-work cryptocurrency mining operations, with revenues directed toward energy relief programs for residents. The legislation targets Bitcoin and other energy-intensive crypto mining activities amid growing concerns over electricity consumption and utility costs across the state. Senator Liz Krueger is among the lawmakers pushing S.8518, which specifically addresses…

Bitcoin Rally To $125K Possible: Here’s Why

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Key takeaways: Over $313 million in Bitcoin bearish positions were liquidated, signaling conditions for a short squeeze. Gold’s momentum highlights investors’ search for alternatives as interest rate cut expectations gain traction. Bitcoin (BTC) flirted with the $121,000 level on Thursday, marking its highest point in seven weeks. Bulls remain confident, noting that current conditions are far stronger than they were in mid-August when BTC briefly touched $124,000. Beyond easing recession fears and gold’s supportive momentum, Bitcoin derivatives suggest traders were caught off guard, a setup that often creates the conditions…

Tether Mega Raise, SEC Eyes Onchain Stocks

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If this week’s Crypto Biz had a theme, it’s the steady march of traditional finance deeper into crypto’s core infrastructure. Tether is reportedly courting major venture firms for a funding round that could value the stablecoin issuer alongside private tech giants like OpenAI. At the same time, US regulators are considering whether traditional stocks should trade onchain, as the convergence between the Securities and Exchange Commission, Wall Street and tokenization gains momentum. Elsewhere, JPMorgan’s Kinexys platform added a major Gulf bank as a user, while a Nasdaq-listed biotech firm built…

Exchanges Will Be DEX Frontends In 5-10 Years: 1inch Co-founder

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Centralized crypto exchanges could disappear within the next decade as decentralized finance (DeFi) aggregators take over, according to 1inch co-founder Sergej Kunz. In an interview with Cointelegraph at Token2049 in Singapore, Kunz predicted that exchanges will slowly transition into frontends for decentralized exchanges (DEXs). “I think it will take like five to 10 years,” he said. Kunz argued that while centralized exchanges are isolated markets, 1inch and its aggregator act as a global liquidity hub. His comments came as 1inch announced a deal with major US crypto exchange Coinbase, integrating…

VivoPower Secures $19M for Expansion

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The fresh funding will supplement a $30M Doppler Finance tie-up, which is part of a $200M XRP allocation roadmap. London-based VivoPower International has raised $19 million in fresh equity at $6.05 per share, a premium to market, with the funds earmarked for its growing XRP digital asset treasury strategy. The move is seen as a show of the company’s deepening commitment to Ripple’s ecosystem at a time when the XRP price action is drawing both optimism and caution from market analysts. Strategic Expansion and Institutional Backing According to an October…

ETH Setup Hints at 100% Rise After Potential Bottom at 3.9K

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Key takeaways: Ethereum may have found a floor at $3,900, signaling a local bottom. A rare Power of 3 pattern suggests a potential 80% to 100% breakout in Q4.  Ether (ETH) may have signaled a local bottom at $3,900, with a key technical pattern pointing to the possibility of another large-scale breakout. As identified in the daily chart, traders could be closely watching the return of the Power of 3 (PO3) model, also known as the Accumulation-Manipulation-Distribution setup, which previously drove ETH to $4,900 from $2,000 between May and June.…

Pundit’s ‘Outrageous’ $170,000 Target For XRP Price Draws Attention, Says Don’t Use ‘Old World’ Math

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The XRP price has often drawn ambitious forecasts, but few as outrageous as a recent prediction placing its potential value at $170,000 per token. This projection not only suggests that XRP could surpass the current price of its primary rival, Ethereum, but even dethrone Bitcoin, which has an ATH above $124,000. The crypto analyst behind this bold claim openly rejects conventional valuation models, arguing that they belong to the “old world” and are incapable of measuring the disruptive potential of blockchain-based assets. Why A $170,000 XRP Price Isn’t “Impossible” XRP…

Canaan stock surges over 25% on record US Bitcoin mining rig order

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Canaan Inc. shares jumped more than 26% in early trading Thursday after the crypto mining firm landed a 50,000-rig order. Canaan said that a US-based company purchased the latest-generation “Avalon A15 Pro” mining machines, an institutional-grade Bitcoin mining rig. The buyer was not disclosed, but the sale was reported as Canaan’s largest in over three years. The company’s CEO, Nangeng Zhang, said the sale highlighted both companies’ “confidence in the long-term growth” of Bitcoin mining and the “demand for highly efficient, next-generation infrastructure.” According to the Hashrate Index, the United States…

Bitcoin’s ‘Bull Flag’ Breakout Targets $145K in October

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Key takeaways: Another Bitcoin price pullback to $117,000 is possible before the uptrend resumes. A classic chart pattern puts BTC price on course for $145,000 in the next few months. Bitcoin (BTC) reached a six-week high of $119,500 on Thursday, following a 10% rise from its local low of $108,650 seven days prior. BTC has now reclaimed a key support level as prices continued to consolidate below its $124,500 all-time high. Can Bitcoin see new all-time highs in the next few days? Bitcoin “bull flag” breakout hints at $145,000 After…