Day: October 3, 2025

BTC Nears Record Highs as Total Market Cap Peaks at $4.21T

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Key takeaways:  Bitcoin rallied 14% in a week, eyeing $124,000 amid a US government shutdown. Onchain data showed a $1.6 billion surge in buying and a Coinbase premium gap of $92, signaling US-led demand. Analysts see resistance near $130,000, with price discovery possible next week. Bitcoin (BTC) has staged a fierce rally over the past week, climbing 14% to trade a few dollars away from $124,000 from a range low near $108,600 last Friday. This surge could nudge Bitcoin into fresh price-discovery territory above $125,500, as the total crypto market…

CleanSpark Sells $48.7M in Bitcoin, Treasury Tops 13K BTC in September

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Bitcoin miner CleanSpark ended September with 13,011 BTC in its treasury after reporting year-over-year gains in efficiency and output. The company said monthly production rose 27% from September 2024, with 629 Bitcoin (BTC) mined, and sold 445 BTC for roughly $48.7 million at an average price of $109,568. In its Friday update, CleanSpark said that fleet efficiency improved 26% year over year, while its average operating hashrate for the month was 45.6 EH/s. CleanSpark has been selling part of its monthly Bitcoin production since April as part of a push…

CME Group to Launch 24/7 Crypto Futures in 2026

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Move driven by client demand for nonstop risk management; trading to run via CME Globex with brief weekend downtime. Chicago Mercantile Exchange (CME) Group has revealed plans to introduce 24/7 trading for its cryptocurrency futures and options beginning in early 2026. If approved, this will make it the first major U.S.-regulated exchange to offer around-the-clock access to crypto derivatives, aligning it with DeFi standards. Rising Client Demand The derivatives marketplace announced in a Thursday statement that, subject to regulatory green light, it plans to offer customers the ability to trade…

Coinbase joins Ripple and Circle in bid to secure US banking license

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Key Takeaways Coinbase has applied for a National Trust Company Charter with the OCC. The application is focused on Coinbase Custody, but if granted, it would let Coinbase expand into payments and related financial services under federal oversight. Share this article Coinbase has applied for a National Trust Company Charter from the US Office of the Comptroller of the Currency (OCC), joining Ripple and Circle in pursuing federal oversight to expand their digital asset services. The company, which runs one of the world’s largest crypto exchanges, is regulated under a…

AI Agents May Become Liquidity Drivers for Stablecoins: Paxos Labs Exec

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The next wave of stablecoin adoption may not be led by people at all. Paxos Labs’ co-founder says AI agents could become the “X-factor,” instantly shifting liquidity to the most efficient issuers and turning market fragmentation into an advantage. With clearer regulations around stablecoins passing in the United States, the stablecoin market has surged past $300 billion, becoming one of crypto’s central narratives. However, fragmentation across issuers and jurisdictions remains a challenge.  As new entrants join an increasingly diverse field — from dollar-backed leaders like Tether and Circle, to synthetic…

Judge Tosses 2022 Investor Lawsuit, Says Yuga NFTs Are Not Securities

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A US judge has dismissed an investor lawsuit against Web3 company Yuga Labs, ruling that the case failed to show non-fungible tokens (NFTs) meet the legal definition of securities. Judge Fernando M. Olguin ruled the plaintiffs did not demonstrate how Bored Ape Yacht Club (BAYC), ApeCoin (APE) or other NFTs sold by Yuga satisfied the three conditions of the Howey test, a standard used by the Securities and Exchange Commission (SEC) to determine whether a transaction qualifies as an investment contract. The lawsuit was originally filed in 2022. Yuba Labs…

Vietnam Central Bank Expects Credit Growth. Crypto to Benefit?

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The State Bank of Vietnam, the country’s central bank, anticipates credit growth of about 20% in 2025, a move that could see liquidity flow into global crypto markets amid rising adoption in the region. Pham Thanh Ha, deputy governor of the central bank, said Friday that interest rates need to be slashed further to encourage economic growth and mitigate the uncertainty from US-imposed tariffs, according to Reuters. Vietnam’s government legalized cryptocurrencies in June as part of broader technology regulation, which categorized cryptocurrencies as either virtual assets representing real-world tokenized products…

Ethereum Foundation Converts $4.5M ETH to Stablecoins

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The Ethereum Foundation (EF) announced plans to convert 1,000 Ether (ETH) into stablecoins to finance research, grants and donations, aligning with its broader treasury strategy and involvement in funding decentralized finance (DeFi) initiatives.  The sale, worth approximately $4.5 million at current prices, was executed via CoW Swap, a decentralized trading protocol that aggregates liquidity across multiple exchanges to offer users competitive prices without relying on a centralized intermediary. Neither the foundation’s announcement nor its treasury policy specified which stablecoins it would receive in exchange for the ETH. Source: Ethereum Foundation…

Ethereum’s Next Big Move? Analyst Sees Fastest Rally in History if $5,200 Breaks

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A $5,200 breakout could ignite a sharp surge toward $7,600. Ethereum (ETH) started October strong as it gained almost 9% within the first three days and reached close to $4,500 by Friday. The crypto asset’s current setup appears to be on the verge of breaking out from a re-accumulation phase. Its bullish path hinges on holding $4,700 support. Bold ETH Forecast According to the analysis shared by Alphractal’s founder and analyst Joao Wedson, an important level to watch is $5,100. If Ethereum pushes past this point, a correction back toward…

FDIC Set to Discuss Rule That May Shape Banks’ Crypto Relationships

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The Federal Deposit Insurance Corporation’s board of directors is set to discuss proposed rules that could impact crypto firms amid allegations of debanking. In a Thursday notice, the FDIC said its board would consider a notice of proposed rulemaking “regarding prohibition on use of reputation risk by regulators.” Though the agenda did not explicitly mention debanking concerns tied to digital assets, acting FDIC chair Travis Hill has previously criticized regulators for using “reputation risk” as justification to prevent some banks from engaging in crypto activities, such as allowing clients to…