Day: October 28, 2025

30% YoY Increase in Crypto Reporting

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The Norwegian Tax Administration said that more people declared cryptocurrency holdings in 2024 compared to the previous year, following efforts to increase reporting.  In a Tuesday notice, Norway’s tax authority said more than 73,000 people in the country reported owning some form of cryptocurrency in their 2024 returns. The numbers marked about a 30% increase year-over-year from crypto holdings in 2023, and significantly more than in 2019, when only 6,470 people in the country of 5.5 million people declared having digital assets. “It is gratifying that more people are reporting…

Binance Whales Are Quietly Buying Up Uniswap’s UNI Token Amidst Market Weakness

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Whale outflows of UNI from Binance hit a three-month high. Uniswap’s native token, UNI, kicked off the month trading near $7.50 and held steady for the first couple of weeks before a sharp mid-month drop sent it below $6.50. Since then, the asset has been trying to regain its footing, mainly hovering between $6 and $6.8. Despite a few small rebounds, it hasn’t yet recovered its early-October strength. This comes in the backdrop of weeks of subdued activity across the DeFi sector. But whales on Binance are showing renewed…

Bitwise Solana Staking ETF Sees $55M Trading Volume on Debut

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Asset manager Bitwise says its Solana staking exchange-traded fund has tallied $55.4 million in trading volume on its debut trading day on Tuesday, alongside the launch of two other altcoin ETFs from Canary Capital. The trading volumes on the Bitwise Solana Staking ETF (BSOL) were the largest out of all crypto ETFs launched in 2025, Bloomberg ETF analyst Eric Balchunas said on Tuesday, beating out the launches of XRP (XRP) and Solana (SOL) staking ETFs from REX Osprey. BSOL attracted around $223 million in assets prior to launch, which Balchunas…

Fusaka Fork Debuts on Final Testnet

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Today in crypto, Ethereum’s Fusaka form debuted on its final testnet, Polymarket is preparing to relaunch trading services in the US within weeks and Circle has debuted its Arc blockchain testnet. Ethereum’s Fusaka fork primed for mainnet after final testnet debut Ethereum’s next major upgrade, Fusaka, went live on the blockchain’s final testnet, Hoodi, on Tuesday, setting the stage for its Dec. 3 mainnet launch that is slated to add several scalability and security improvements to the network. Fusaka will add several Ethereum Improvement Proposals (EIPs), such as Peer Data…

OceanPal raises $120M to launch NEAR-focused digital asset treasury

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Nasdaq-listed OceanPal Inc. has raised $120 million through a private investment in public equity deal to launch SovereignAI, a new subsidiary focused on commercializing the NEAR Protocol and developing AI infrastructure. According to a Tuesday announcement, SovereignAI will implement a crypto treasury strategy, with plans to acquire up to 10% of the NEAR (NEAR) token supply. The move, developed in partnership with the NEAR Foundation, makes OceanPal a public vehicle for exposure to the crypto protocol’s native token. OceapPal said the partnership with the NEAR Foundation is based on a…

Bitcoin Capped At $116K As Traders Cut Risk Ahead of FOMC, China Deal

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Key points:  Bitcoin traders’ ability to overcome price resistance at $116,000 could hinge on Wednesday’s Fed decision on interest rates and this week’s US-China trade summit.  Pro traders are distributing into BTC price rallies while retail-sized investors are buying the dips in spot, and also being liquidated in futures.  Bitcoin (BTC) price continues to show strength, rising 13% since its historic liquidation-driven sell-off on Oct. 10, but technical charts indicate that daily closes above $116,000 are needed to lock in the bullish trend reversal.  Data from TRDR shows sellers capping…

Polymarket Will Likely Start Initial US Relaunch in November: Report

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Prediction platform Polymarket is reportedly eyeing launching trading services in the United States in a matter of weeks. According to a Tuesday Bloomberg report citing people familiar with the matter, Polymarket plans to initially launch limited trades available to US residents before the end of November, with an emphasis on sports betting.  The relaunch report came about two months after the US Commodity Futures Trading Commission (CFTC) said it had issued a no-action letter to a crypto derivatives exchange and clearinghouse acquired by Polymarket. This move set the stage for…

Bitwise Solana Staking ETF Launches with $223M Inflows

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Investor appetite for staking-focused exchange-traded funds (ETFs) in the United States appears strong, with Bitwise’s new Solana product seeing substantial inflows on its first day of trading. The Bitwise Solana Staking ETF (BSOL), which began trading on Tuesday, has already attracted roughly $222.8 million in assets, according to Bloomberg Intelligence senior ETF analyst Eric Balchunas. Balchunas characterized the size as significant for a newly launched crypto ETF, indicating increasing institutional engagement and confidence in staking strategies. Source: Eric Balchunas Bitwise previously launched a Solana staking exchange-traded product in Europe last…

Ethereum Outpaces Bitcoin in Institutional Growth: 138% to 36%

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Ethereum funds now total about 6.8 million ETH, with the ETH/BTC ratio in holdings jumping from 3:1 to 5:1. Over the past year, the amount of Ethereum (ETH) funds held by institutions has grown at a rate nearly four times faster than that of Bitcoin (BTC). According to analysts, this change in allocation could point to a growing institutional belief in Ethereum’s distinct role alongside Bitcoin as a core digital asset. A Notable Shift in Institutional Strategy Data shared by XWIN Research Japan shows that institutions are clearly building…

Here’s Why The XRP Price Still Isn’t Bearish Despite The 50% Flash Crash

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The XRP price recently saw a sharp drop that was very scary for many traders, and some in the crypto market think the chart looks weak now. However, an analyst on X, Cryptoinsightuk, disagrees. The analyst explains that XRP is not bearish right now, even after the 50% flash crash, and the price can still move higher when liquidity returns. Low Downside Liquidity And Weekly Chart Still Looks Fine For The XRP Price Cryptoinsightuk says that XRP has “no downside liquidity.” The analyst explains that sellers are not strong, so…