Category: Bitcoin News

AlloyX Launches Tokenized Money Market Fund on Polygon

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Tokenization infrastructure company AlloyX has launched a tokenized money market fund on Polygon, designed to combine bank-custodied assets with DeFi-native strategies — a move that highlights the accelerating growth of real-world assets (RWAs) on the blockchain. The fund, called the Real Yield Token (RYT), represents shares in a traditional money market fund whose underlying assets are held in custody by Standard Chartered Bank in Hong Kong and subject to regulatory compliance and audits, the company announced. Like a conventional money market fund, RYT invests in short-term, low-risk instruments such as…

Can BNB, Solana, and Dogecoin Prices Continue Climbing in October?

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Key takeaways: BNB, SOL, and DOGE show strong “Uptober” momentum, with upside targets at $1,480, $250, and $0.31, respectively. Failure to hold key trendlines could result in a pullback for BNB to $835. BNB (BNB), Solana (SOL), and Dogecoin (DOGE) opened October in the green, echoing broader crypto market gains as “Uptober” euphoria builds. Can these large-cap altcoins rally further in the month? BNB/USD, DOGE/USD, SOL/USDT year-to-date comparison chart. Source: TradingView BNB can rise over 38% in best-case scenario BNB has jumped by nearly 6% month-to-date, reaching around $1,065 on…

$73B Bet and the $1M Price Tag

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Saylor’s Bitcoin strategy Michael Saylor’s goal is to redefine corporate treasuries. Since August 2020, Michael Saylor’s company (once known as MicroStrategy and now rebranded as Strategy) has become one of the largest public holders of Bitcoin (BTC). By September 2025, Strategy had accumulated 640,031 BTC, valued at more than $73 billion. The average purchase price sits in the tens of thousands, leaving the firm with a sizable unrealized gain at today’s levels. For Saylor, Bitcoin is both a hedge against inflation and a reserve asset that cannot be debased —…

Applied MEV protection via Shutter’s threshold encryption

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Understanding MEV and its impact on blockchain users Transparency is one of the foundational features of blockchains, but it enabled value extraction by controlling the order and inclusion of transactions within a block, known as MEV, or maximal extractable value. This problem is common on most blockchains and is rooted in the public nature of mempools, a ledger that stores pending transactions data. This information allowed block producers and other actors to benefit from frontrunning transactions.  MEV is especially notorious on Ethereum, where it continues to be extracted at a…

How Shows Like South Park Influence Crypto

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“South Park” extended its running gag on cryptocurrency in a recent episode, taking aim at prediction markets, trading apps, US regulators and politicians tied to the industry. Now in its 27th season, the animated series has built its reputation on unhinged satire of global events. Crypto has repeatedly taken some hits. Not everyone enjoys being lampooned on TV shows — the White House recently condemned its depiction of President Donald Trump in a relationship with Satan — but earlier crypto references were often embraced within the industry as proof of…

OpenAI Becomes World’s Largest Startup With $500B Valuation

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Artificial intelligence company OpenAI has become the world’s largest startup after reaching a $500 billion valuation in a secondary share sale.  Citing anonymous sources, Bloomberg reported on Thursday that current and former OpenAI employees sold $6.6 billion in stock to investors including Thrive Capital, SoftBank Group Corp., Dragoneer Investment Group, Abu Dhabi’s MGX and T.Rowe Price.  The investment round boosted OpenAI’s valuation to $500 billion, leapfrogging Elon Musk’s startup SpaceX, which has a market capitalization of about $400 billion. The company also dwarfed startups ByteDance and Anthropic, which are valued…

USDT, USDC Dominance Falls To 82% Amid Rising Competition

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Tether’s USDt and Circle’s USDC, the two largest stablecoins by market capitalization, have slowly lost market share in the past year, suggesting a major shift in the stablecoin landscape. Despite Tether’s USDt (USDT) and Circle’s USDC (USDC) steadily increasing their market caps, the stablecoins have lost more than 5% of their combined market share since Oct. 2, 2024, according to data from DefiLlama and CoinGecko. Nic Carter, industry analyst and Castle Island Ventures partner, took to X on Wednesday to address the decline of USDT and USDC dominance in a…

Bitcoin Four-Hour RSI Flips ‘Overbought’ in BTC Price Retracement Signal

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Key points: Bitcoin may have topped out at $119,500 as price indicators flip “overbought.” Traders eye a support retest to consolidate its latest rebound, which is nearing 10% in a week. ETF inflows total $1.6 billion in three days, with IBIT breaking into the top 20 ETFs by assets. Bitcoin (BTC) is ready for a short-term pullback and support retest as price metrics flash “overbought.” Traders warned Thursday that BTC/USD may retreat lower next after hitting six-week highs above $119,000. RSI calls for BTC price to take a break Bitcoin…

Memecoin Profits Flow to Platforms, Not Traders: Report

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Memecoins may attract new users to blockchains, but the profits largely flow to the platforms that launch and trade the tokens, according to a new report from Galaxy Research. The study released on Wednesday shows that while most traders lose money in a short-term gambling market, infrastructure providers such as launchpads, decentralized exchanges and trading bots capture millions in revenue by facilitating memecoin trading. Solana’s Pump.fun, a memecoin launchpad that debuted in early 2024, has been a major beneficiary, with tokens on the platform representing a combined $4.8 billion in…