Category: Bitcoin News

Mike Novogratz Predicts ‘Biggest Bull Catalyst’ For Bitcoin

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Galaxy Digital CEO Mike Novogratz said Bitcoin’s price could see a significant rally if the next US Federal Reserve chair nominee to replace Jerome Powell is exceptionally dovish. “That’s the potential biggest bull catalyst for Bitcoin and the rest of crypto,” Novogratz said in an interview with Kyle Chasse published to YouTube on Friday. “Fed’s cutting when they shouldn’t be, and you put in a massive dove,” Novogratz said, adding that may lead to “your blow-off top” moment for Bitcoin (BTC). “Can Bitcoin get to $200K? Of course it could…Because…

Stablecoin boom risks ‘cryptoization’ in emerging markets

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As stablecoin and cryptocurrency adoption accelerate worldwide, emerging markets face mounting risks to monetary sovereignty and financial stability, according to a new report from Moody’s Ratings.  The credit rating service warned that widespread use of stablecoins — tokens pegged 1:1 with another asset, usually a fiat currency like the US dollar — could weaken central banks’ control over interest rates and exchange rate stability, a trend called “cryptoization.”  Banks could also “face deposit erosion if individuals shift savings from domestic bank deposits into stablecoins or crypto wallets,” the report said. …

XRP Faces Another 10% Dip as Bulls Stay Sidelined

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Key takeaways: XRP hovered near the $2.75 support, risking an 8–10% drop to $2.50. Onchain URPD data indicated a strong buyer cluster around $2.45–$2.55. Liquidity compression and ETF catalysts hint at a potential expansion phase. XRP (XRP) price action is teetering at a critical level, with the altcoin consolidating at the base of a descending triangle, a typically bearish setup. The altcoin hovered around the $2.75 support, but sustained selling pressure could drag prices lower toward the $2.65 to $2.45 range. XRP one-day chart analysis. Source: Cointelegraph/TradingView Such a move…

Citi Raises Stablecoin Market Cap Forecast to $4T by 2030

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Citi, an international banking and financial services company, revised its stablecoin forecast due to the strong growth of the sector in the last six months, and now projects the stablecoin market cap will grow to $4 trillion by 2030. Analysts at Citi project a $1.9 trillion stablecoin market as their “base” case and up to $4 trillion as the “bull” case, up from previous projections of $1.6 trillion and $3.7 trillion, respectively, according to Thursday’s forecast. Analysts at Citi also said stablecoins would not disrupt the banking sector, contrary to…

SoftBank, ARK Eye Stake in Massive Tether Fundraise: Report

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At least two high-profile investment companies are reportedly vying to back stablecoin issuer Tether as it looks to sell roughly 3% of its equity — a move that underscores pent-up investor demand for one of the world’s most profitable companies. According to Bloomberg, venture capital giants SoftBank Group and ARK Investment Management are among potential investors considering a combined investment of up to $20 billion in Tether.  As Cointelegraph reported this week, if successful, the funding round could value the company at up to $500 billion, placing it among the…

What really drives altcoin seasons? A closer look

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What really is altcoin season? Altcoin season, often called “altseason,” occurs when a significant portion of altcoins, cryptocurrencies other than Bitcoin, experience rapid price increases that outpace Bitcoin’s performance. This period is characterized by a shift of investor capital from Bitcoin (BTC) into assets such as Ether (ETH), Solana (SOL), Cardano (ADA) and even smaller tokens like Dogecoin (DOGE) or Pudgy Penguins (PENGU). The Altcoin Season Index is frequently used as a benchmark. Per Blockchain Center’s definition, altseason is considered underway when at least 75% of the top 100 altcoins…

Aster Reimburses Users After XPL Perp Glitch

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BNB Chain derivatives decentralized exchange (DEX) Aster completed reimbursements to traders hurt by a glitch in its Plasma (XPL) perpetual market that briefly drove prices above market levels.  According to Abhishek Pawa, the CEO of Web3 agency AP Collective, the issue stemmed from a misconfigured index hard-coded at $1. With the mark price cap lifted before the fix, XPL futures on Aster spiked to nearly $4 while other venues remained $1.30.  The sudden Friday price discrepancy triggered unexpected liquidations and abnormal fee charges, causing losses to users. However, the platform…

Ethereum Co-Founder Moved $6M of ETH; Whales Bought $1.6B In 2 Days

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Ethereum co-founder Jeffrey Wilcke could be looking to sell some of his Ether holdings after sending around 1,500 ETH to crypto exchange Kraken on Thursday.  Wilcke sent 1,500 Ether (ETH), worth around $6 million, to the crypto exchange, according to onchain analytics platform Lookonchain. It came as the price of Ether dropped from $4,000 to around $3,900. Source: Lookonchain Moving cryptocurrency to an exchange deposit address does not guarantee it is being sold.  In August, Wilcke had deposited $9.22 million worth of ETH to Kraken. He had previously sent $262…

Bitcoin Hits Four-Week Low Amid Major Profit-Taking

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Bitcoin could be headed for a deeper correction as cumulative realized long-term holder profit taking has now reached levels seen in previous market cycle tops, according to onchain analysis. Long-term holders realized 3.4 million Bitcoin (BTC) in profit, and exchange-traded fund inflows have slowed, according to Glassnode, a sign of “exhaustion” after the Federal Reserve cut rates last week.  Bitcoin has now fallen below key support levels at around $112,000, hitting a four-week low of $108,700 on Coinbase in late Thursday trading, according to TradingView.  It has yet to fall…

Solana RWAs Expand Beyond Institutions Via Chintai-Splyce Partnership

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Real-world asset (RWA) protocols Splyce and Chintai have launched a new product on Solana designed to give retail users access to institutional-grade tokenized securities — a move that could broaden the appeal of RWA tokenization on one of the world’s largest blockchains. The product is powered by strategy tokens, or S-Tokens, which provide retail users with exposure to yields generated by Chintai. While users never directly hold Chintai’s tokenized securities, S-Tokens act as a “mirror” through a loan structure backed by the underlying assets. S-Tokens are designed to broaden access…