Despite the news, PI’s price is in red territory today (October 30). The controversial crypto project Pi Network collaborated with an AI-focused company that allows robots and intelligent systems to interact with their environments and with each other. The three main objectives of the partnership will be to increase the utility of PI, enable more of the world’s production to run on Pi Network, and bring the asset into real-world use cases. The token’s price has surged by double digits in the past week following some other notable developments.…
Day: October 30, 2025
Coinbase’s Bitcoin Holdings Rose by 2,772 BTC in Q3
Coinbase’s Bitcoin stash grew by 2,772 BTC during the third quarter as it doubled down on its Bitcoin strategy and continued work to become an “Everything Exchange.” Coinbase’s Bitcoin (BTC) holdings have now reached 14,548 BTC, valued at $1.57 billion, according to its Q3 report on Thursday. Meanwhile, net income increased over fivefold to $432.6 million year-on-year, and total revenue rose to $1.9 billion, up 55% from a year ago. This was bolstered by transaction revenue, which climbed to $1.05 billion, while subscription revenue — including stablecoin revenue and blockchain…
Crypto Exchange Toobit Introduces a $50 Million Protection Fund
“The safety of our traders’ funds is the bedrock of everything we do,” the company’s CCO stated. Toobit, a cryptocurrency exchange based in the Cayman Islands, announced the launch of a $50 million fund specifically designed to cover losses resulting from internal technical or security failures on the platform. It is important to note that the sum won’t be used to compensate losses resulting from personal account compromises, trading decisions, or market volatility. Focusing on the Traders’ Safety The multi-million-dollar initiative is called “the Toobit Shield Fund.” It was…
Bessent walks back trade restrictions, but crypto markets are still reeling
US Treasury Secretary Scott Bessent said on Thursday that the US would suspend restrictions designed to limit access to Chinese companies buying technology that the US government considers sensitive. The eased restrictions were given in exchange for China agreeing to suspend its export controls on rare earth minerals used in electronics and military defense applications, according to Reuters. Bessent’s announcement follows several weeks of softening trade tensions between the two countries, which is normally a positive catalyst for crypto prices. However, the recent Federal Open Market Committee (FOMC) meeting and…
Bitcoin Supply Shock Brewing as Binance Reserves Hit Lows
Despite bullish scarcity signs, Binance’s Whale Ratio rose to 0.41, hinting large holders may be preparing to sell. Bitcoin’s available supply on the world’s largest crypto exchange is shrinking quickly. This deepening scarcity, one of the most pronounced readings in months, comes as data suggests large-scale investors are accumulating the asset, setting the stage for a potential supply squeeze. Conflicting Signals from Large Holders Data from October shared by Arab Chain shows that Binance’s Bitcoin Scarcity Index moved upward through the month, jumping sharply in late October to exceed…
Blockchain Onchain Revenue Nears $20B in 2025
The blockchain industry is showing signs of newfound maturity — at least by one often-overlooked metric — pointing to broader adoption across decentralized finance, consumer apps and emerging sectors. According to a new Onchain Revenue Report from venture capital company 1kx, onchain revenue, as measured by user-paid fees, is on track to reach $19.8 billion in 2025. That follows a record-breaking $9.7 billion in the first half of the year alone. These fees represent the total amount users spend to transact directly on blockchain and related infrastructure, covering trades, swaps,…
DYdX Planning US Market Entry by 2026: Report
Decentralized exchange dYdX is reportedly preparing to enter US markets by the end of 2025, its president Eddie Zhang said. According to a Reuters report published Thursday, the company plans to enter the United States in the coming months, expanding its offerings to include spot trading on cryptocurrencies, such as Solana (SOL). “It’s very important for us as a platform to have something available in the United States, because I think it represents, hopefully, the direction we’re trying to move in,” said Zhang, according to Reuters. DYdX specializes in perpetual…
Strategy reports $2.8B net income in Q3 2025 despite muted Bitcoin performance
Key Takeaways Strategy reported $2.8B in Q3 net income as Bitcoin prices traded lower to the $107K level on Thursday afternoon. The firm expanded its Bitcoin holdings to over 640K BTC despite market volatility. Share this article Strategy, the rebranded business intelligence company turned Bitcoin holding firm, reported $2.8 billion in net income for Q3 2025 despite Bitcoin trading mostly sideways through the quarter. The profit reflected modest appreciation in the cryptocurrency’s price and ongoing accumulation by the company. Fueled by proceeds from recent stock offerings, Strategy increased its Bitcoin…
Bitcoin’s Strong Fundamentals Outshine Short-Term Price Dips
Market watchers view current weakness as cyclical, not structural, a pause before liquidity returns to Bitcoin. Bitcoin (BTC) is trading at about $107,500, as it hits the latest chapter in a period of mostly sideways movement since achieving an all-time high of over $126,000 on October 6. Despite dropping recently, the asset has gone up almost 52% year over year, from $72,350 on October 31, 2024, to its current level, showing that long-term fundamentals are still strong, even though market sentiment may be cooling. Understanding the Current Slowdown According…
Coinbase reports major net income growth in Q3 2025 amid increased trading volumes
Key Takeaways Coinbase’s Q3 2025 net income surged nearly sixfold year-over-year to $432.6 million, driven by strong trading activity. Market volatility following Trump’s pro-crypto stance and subsequent sell-offs boosted exchange volumes and revenue growth. Share this article Coinbase, a leading US-based crypto exchange, reported significant net income growth in Q3 2025 as trading volumes surged across its platform today. The exchange’s strong quarterly performance reflects heightened volatility in the digital asset market, which has driven increased spot trading volumes on centralized exchanges. This market activity has contributed to stronger revenue…