Day: October 5, 2025

Here’s Where Bitcoin Traders Hope BTC Will Bounce After $125,000 Record

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Key points: Bitcoin begins a retracement after hitting new all-time highs above $125,000. Sunday trading produces BTC price volatility as traders eye potential bounce levels. Institutions are on the radar as Bitcoin “debasement trade” talk heats up. Bitcoin (BTC) experienced fresh volatility as it approached Sunday’s weekly close, following a BTC price correction from all-time highs. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Analysis: 4% BTC price drop possible Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping back below $123,000. The pair hit new record highs above $125,000 earlier in…

How Binance Dollars Became Venezuela’s Currency

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Key takeaways:  With inflation at 229%, daily prices in Venezuela are set in USDT “Binance dollars,” usually at live P2P rates. Three dollar rates exist (official, parallel and P2P), but merchants mostly follow the P2P quote. The government tolerates dollar-backed crypto in exchanges, though it hasn’t legalized dollarization. Venezuela is a global crypto hotspot: Stablecoins dominate small transfers, mostly via TRC-20 USDT. In Caracas, receipts now often show totals in “Binance dollars” because pricing has moved off the Venezuelan bolívar and onto the blockchain. With annual inflation around 229% as…

Crypto Trader Turns $3k Into $2M, Nets 650x On CZ Memecoin Post

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A lucky cryptocurrency trader turned a $3,000 investment into roughly $2 million within hours after Binance co-founder Changpeng “CZ” Zhao shared a post about a BNB Chain memecoin on X. Blockchain data shows the trader, identified by wallet address “0x872,” was one of the earliest buyers of the newly launched “4” ($4) token, according to blockchain analytics platform Lookonchain. The trader’s initial $3,000 worth of BNB (BNB) grew into $2 million, marking a roughly 650-fold return on investment. Despite the massive gains, the trader sold only a small portion of…

How Africans Use Stablecoins to Beat Inflation in 2025

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Key takeaways:  Stablecoins are now everyday tools for savings, payments and trade in Nairobi and Lagos. Inflation, FX swings and high remittance costs drive adoption. Mobile money links make stablecoins feel familiar and practical. Risks remain around reserves, scams and shifting regulations. On a Tuesday morning in Nairobi, Amina invoices a client in Berlin. By the afternoon, USDC has landed in her wallet, and within minutes, she cashes out to M-Pesa. What once felt experimental is now routine, thanks to services like Kotani Pay that tie stablecoins to mobile money.…

Bitcoin Price Analysis: is BTC About to Explode to $130K This Week?

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Bitcoin has extended its rally after a clean breakout from the descending channel, reclaiming primary structural levels and driving toward the $122K–$124K  all-time high. While momentum remains strongly bullish, the market is still exposed to a brief pullback toward $114K–$118K to rebalance before any potential continuation toward new highs. Technical Analysis By Shayan The Daily Chart Bitcoin has continued its upward expansion, breaking through the mid-range resistance and invalidating the prior descending structure that defined September’s price action. The breakout was followed by a rapid move into the upper boundary…

$80M crypto shorts liquidated in the past hour

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Key Takeaways Approximately $80 million in crypto short positions were liquidated in one hour. Short positions bet on price declines; their liquidation often signals bullish momentum. Share this article Around $80 million in crypto short positions were liquidated in the past 60 minutes as digital asset prices surged higher, forcing bearish traders to close their positions at losses. Recent market activity has shown bearish traders increasingly under pressure from sudden price surges across major digital assets. The forced closure of short positions often signals strengthening bullish sentiment in the crypto…

DoubleZero co-founder confirms no tokens sold by foundation

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Key Takeaways DoubleZero Foundation has not sold any of its tokens, confirmed by co-founder Austin Federa. The statement addresses community concerns about foundation token sales following the launch of DoubleZero’s mainnet beta. Share this article DoubleZero co-founder Austin Federa confirmed today that the DoubleZero Foundation has not sold any tokens. DoubleZero is a blockchain protocol focused on building a dedicated high-performance physical data network to enhance global connectivity for high-speed applications. The clarification addresses potential concerns about foundation token movements. The DoubleZero Foundation operates as an entity supporting the development,…

Solana Is The New Wall Street For Tokenization

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Chief investment officer of crypto asset management firm Bitwise, Matt Hougan, thinks Solana will be the Wall Street network of choice for stablecoins and real-world asset tokenization. “I think Solana is the new Wall Street,” said Hougan, speaking with Solana Labs’ Akshay Rajan on Oct. 2. He added that the Wall Street audiences consider Bitcoin (BTC) “very ephemeral” and “hard to get their heads around.” They can see what is happening in the stablecoin and tokenization space, and they know that it is going to be “enormously significant,” he said…

Bitcoin ETFs Log $3.2B In Second-Best Week For Uptober

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US-listed spot Bitcoin exchange-traded funds (ETFs) began the historically bullish month of October with their second-best week of inflows since launch, signaling renewed investor optimism. Spot Bitcoin (BTC) ETFs recorded $3.24 billion worth of cumulative net positive inflows over the past week, nearly matching their record of $3.38 billion in the week ending Nov. 22, 2024, according to data from SoSoValue. The figure marks a sharp rebound from the previous week’s $902 million in outflows. Analysts attributed the turnaround to growing expectations of another US interest rate cut, which has…

The SEC and CFTC Hold First Joint Roundtable in Nearly 14 Years

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The SEC and CFTC held their first joint roundtable in nearly 14 years to address crypto regulation and explore greater cooperation. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) held their first joint roundtable in nearly 14 years. The discussion highlighted that the two agencies intend to cooperate on crypto regulation, despite having little history of collaboration. Alignment on Crypto Rules Acting CFTC Chair Caroline Pham acknowledged at Monday’s roundtable that while the SEC and CFTC have had many opportunities to work together for market…