Category: Bitcoin News

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…

Blockchain Analytics Neets AI: Making Crypto Data Accessible

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The blockchain industry has always prided itself on transparency. Every transaction on a public blockchain is permanently recorded, visible to anyone with an internet connection.  Still, with billions of transactions and hundreds of millions of wallet addresses, the sheer scale of that transparency can be paralyzing. Without the right tools, it’s less a crystal-clear ledger and more a haystack hiding countless needles. That is where blockchain analytics comes in.  The latest episode of The Clear Crypto Podcast discusses how blockchain’s radical openness has created both opportunities and challenges, and now,…

M2 Capital Invests $20M in Ethena as TVL Approaches $15B

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M2 Capital, the investment arm of UAE-based M2 Holdings, invested $20 million in ENA, the governance token for Ethena, a crypto-native synthetic dollar protocol built on Ethereum. M2 Holdings, a conglomerate with digital asset exposure across custody, investment and wealth management, plans to integrate Ethena (ENA) products into client offerings through its affiliate, M2 Global Wealth Limited, according to a Thursday announcement. “M2’s investment in Ethena marks another important step forward for the Middle East’s most sophisticated digital asset investors,” said Kim Wong, managing director and head of treasury at…

Aster Fuels Perpetual DEX Volume Surge to Record $70B Amid Incentive Frenzy

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Perpetual trading volumes on decentralized exchanges (DEXs) surged to an all-time high of $70 billion on Thursday, driven by Aster, a new derivatives platform on BNB Chain.  Perpetual DEXs have surged to record volumes on three consecutive days as decentralized perpetuals activity heated up. On Tuesday, the overall volume for perp DEXs hit $52 billion, followed by $67 billion on Wednesday.  The volume topped $70 billion on Thursday, highlighting renewed momentum in the decentralized finance (DeFi) derivatives markets.  Aster topped the leaderboard with almost $36 billion in 24-hour trading volume,…

Nansen Launches AI Agent, Targets Autonomous Cryptocurrency Trading For Q4

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Crypto intelligence platform Nansen is rolling out an artificial intelligence agent designed to make onchain cryptocurrency trading more intuitive, in a move it says could shift more value back to public blockchains such as Ethereum. The company announced Thursday that it is launching Nansen AI, a mobile agent that uses natural conversation instead of trading charts to deliver market insights. The new trading interface seeks to eliminate traditional trading charts and offer an AI agent as the main interface for onchain trading, delivering insights through what Nansen calls “natural conversation”…

Naver to Acquire Upbit Operator Dunamu in Stock Swap Deal

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Naver Financial, the fintech arm of South Korean tech conglomerate Naver, is reportedly forging ahead with a plan to acquire Dunamu, which operates the country’s largest crypto exchange, Upbit, amid plans for a stablecoin project and expansion into the digital finance sector. Naver will acquire Dunamu by making it a subsidiary via a share exchange, and board meetings to approve the stock swap will happen soon, South Korean news agencies Yonhap News and Chosun reported on Thursday, citing industry sources.  Naver is often called the “Google of South Korea,” and…

Wall Street Could Get an ETF for Crypto Treasury Firms

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Wall Street could soon be getting a new exchange-traded fund that bundles up crypto treasury companies, alongside four other funds from crypto trading and market-making firm GSR. The company is looking to launch the GSR Digital Asset Treasury Companies ETF, according to a regulatory filing on Wednesday, which would invest in public companies such as the Bitcoin (BTC) buying Strategy or the Ether (ETH) holding BitMine Immersion Technologies. The filing, GSR’s first-ever foray into ETFs, also lists four other funds involving ETH and crypto staking, with one that looks to…

Circle and Crossmint Expand Stablecoin Rails for Humans and AI

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Stablecoin company Circle’s venture capital arm has partnered with crypto infrastructure firm Crossmint to expand the USDC stablecoin across more blockchain rails as part of its aim to reach billions of users, including AI agents. “By combining Crossmint Wallets and APIs for stablecoin onramps, orchestration, and agentic payments with USDC […] we’re laying the foundation for a new era of finance: one where money moves near-instantly, access is global, and systems are built for both humans and machines,” Crossmint said on Wednesday when it announced the partnership with Circle Ventures.…

BTC Bulls Lead $22.6B Monthly Options Expiry, Is $120K Next?

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Key takeaways: Bullish bets dominate the September Bitcoin options expiry, assuming BTC price holds the $110,000 support level. Despite higher demand for bullish bets, macroeconomic uncertainty keeps downside risks on the table. A total of $22.6 billion in Bitcoin (BTC) options are scheduled to expire on Friday, creating a decisive moment after the sharp rejection at $117,000. Currently, bullish strategies remain better positioned heading into the expiry as long as the $112,000 level holds. Bitcoin options aggregate open interest by expiration, USD. Source: laevitas.ch Deribit continues to dominate the market,…