Author: Jeremy Ryan

Bitcoin [BTC] has rallied by 8.10% since posting Wednesday’s low of $75,064. The price dip came following the Fed’s decision to raise interest rates by 25 bps. A rally from those lows suggested that the pullback from $82K earlier in September was due to the market pricing in the rising odds of a rate hike. Bitcoin unfazed by bearish developments Source: BTC/USDT on TradingView At the time of writing, the yearly moving average was at $80,701. Bitcoin‘s recovery from its $60K lows in July and the latest resurgence from $76K have helped drive BTC back above the 365-day moving average…

The Bank of Russia has proposed a 1% crypto capital cap, limiting covered crypto and foreign-digital-instrument risk to a bank’s own funds while leaving some client custody positions outside the new calculation.The Sept. 18 proposal would create N31 for individual credit institutions and N32 for banking groups on a consolidated basis. Each ratio compares covered exposure with the relevant institution’s capital, not its total assets. The rules remain in draft form.The two-level structure subjects both a bank and its wider group to the same proposed percentage ceiling. N31 uses the individual institution’s own funds, while N32 uses consolidated group capital,…

As the market approaches Q4, one divergence stands out as a potential setup for crypto’s next leg. At the current market level, high-cap crypto assets have held relatively well despite the Fed rate hike, keeping the total crypto market cap around $2.7 trillion. However, on-chain data shows that the pressure for a short-term pullback could be building. To begin with, speculative capital is ramping up. As can be seen in the chart below, the leverage in the crypto market has reached the highest level since the 10th of October. Despite this, traders continue to take leveraged positions, with the Machi…

PUMP has extended its bullish push by recording a 10% price surge over the past 24 hours. This price increase comes against the backdrop of high pump launches currently going on at Pump.fun, as well as increased usage of the platform and capital movement into meme coins.  There was also a considerable spike in the trading volume for the network, which rose by 8.89% to $179.28 million. The Altcoin Season Index is currently at 49, signaling a greater appetite for riskier assets within the crypto markets. Source: Santiment Network activity adds fuel to the rally The current price increase happens…

Strategy’s latest surge shows a sharp shift in market activity around the stock. Strategy [MSTR] opened at $136.58 before climbing steadily through the session, eventually closing at $153.92. This resulted in a 16.39% gain based on the 54.67 million shares that were traded against its average of 20-24 million shares per day. While both the magnitude of the price movement and the increased number of shares traded are indicative of significant activity relative to normal levels of trade volume. Still, this does not indicate that the price has been driven solely by low volume and thin liquidity. Source: Stock Analysis…

Some of the most consequential financial rules begin with surprisingly little text.For example, on page 36 of the European Commission’s current MiCA review, item 66 asks whether Europe’s treatment of staking is adequate and, if it isn’t, what requirements should apply to companies providing staking services.The question is brief, but the consequences wouldn’t be.There isn’t a proposed staking license, a new capital requirement, or an agreed position in Brussels that any of those things should exist. The European Commission’s MiCA review consultation remains open until Sept. 30 at 23:59 CEST and could eventually feed into legislation that amends MiCA, but…

Aurora Intents has processed more than $19 million across 1,718 swaps for the zkSNARKS auction, accounting for over half of the assets converted and deposited into the $ZEC-denominated sale. Aurora Intents handled half of the auction volume Aurora Labs CEO Declan Hannon told crypto.news that Aurora Intents processed just over $19 million of the $36.94 million deposited for the zkSNARKS auction, with the conversions completed through 1,718 swaps. “It’s the value, the dollar value of assets converted into $ZEC. Aurora Intents processed over 50% of the total volume swapped and deposited for the auction. Just over $19M out of $36.94M…

Sonic [S] experienced a price surge of 19.15% over 24 hours at press time, as its trading activity expanded rapidly, confirming participation behind its push towards $0.040. In particular, the token’s trading volume jumped 259.39%, reflecting substantially greater activity during the upside move. Notably, the volume growth considerably exceeded the percentage price increase. The rally therefore attracted more participation instead of pushing through thin trading conditions. The distinction reinforced the price move since expanding activity supported Sonic’s renewed demand. Such a rapid price increase also advanced Sonic closer to a significant psychological resistance around the $0.04 price level. Top traders crowd…

Stablecoins are set to expand globally on the Base network, as highlighted by CryptoTwitter influencer @base. This expansion represents a significant step in the increasing adoption of digital currencies. As more users engage with stablecoins, broader implications for the crypto market are likely to arise, enhancing liquidity and user confidence in digital finance. What Happened Recent market observations indicate that stablecoins are gaining traction on the Base network, which is becoming a hub for digital currency transactions. While the current trading volume remains unreported, the announcement from the influencer has sparked interest within the crypto community. This development comes amid…

Toss and KOMSCO have successfully implemented a full local-currency payment cycle using Optimism’s OP Stack. This initiative aims to help small businesses in South Korea receive payments faster and reduce transaction fees. The move is significant as it signals a growing acceptance of crypto payments in everyday transactions, potentially setting a precedent for further integration in the region. Source: Optimism’s tweet. The Latest The broader crypto market is currently displaying mixed signals, with various assets showing different momentum levels. In a notable development, Toss, Korea’s largest fintech super app, along with KOMSCO, the government body responsible for minting, successfully executed…