24/7 Blockchain industry dynamics and breaking crypto news
On-chain analytics reveal a major whale sold 410 BTC ($34M) and purchased 14,341 ETH ($36M) via DEX. This substantial portfolio reallocation highlights shifting institutional sentiment between Bitcoin and Ethereum.
Read MoreBithumb has announced the launch of Zest Protocol (ZEST) trading against the Korean Won, exclusively via BNB Smart Chain. The notice outlines the listing price, deposit confirmations required, and initial trading restrictions including a buy limit and price bands.
Read MoreEIGEN token broke above $0.25, currently trading at $0.2745 with an impressive 11.8% gain in 24 hours. This surge signals heightened market volatility, emphasizing the need for risk management. We explore key drivers behind the rally and provide actionable strategies for navigating turbulent conditions.
Read MoreFormer CFTC Commissioner Caroline Pham argues that crypto regulation can proceed without new Congressional legislation. She highlights the broad authority granted to regulators under existing commodity laws, stating most assets already fall under current legal frameworks, enabling rulemaking without legislative delays.
Read MoreOn October 12th, the project announced the permanent burn of 2,452,017 LIT tokens. These tokens were accumulated through an automated buyback program scheduled through Q3 2026. The significant one-time removal reduces circulating supply, a move often interpreted as a deflationary measure impacting long-term token scarcity.
Read MoreThe Sui Foundation has invested $30 million in DATA Network. The AI training data protocol will migrate entirely to the Sui blockchain and integrate with storage layer Walrus, retiring its original chain. This strategic move aims to build a robust decentralized infrastructure for AI data contribution and provenance tracking.
Read MoreOn Columbus Day (Oct 12), the US cash bond market is closed, while stock markets and Treasury futures operate normally. Investors should note this trading schedule divergence.
Read MoreSouth Korea is expanding its tokenized securities market to include bonds and funds, with new legal amendments set for implementation in February next year. Initial offerings will target institutional investors, while retail access will be phased in. Regulatory measures include purchase limits for individuals and expanded roles for non-financial institutions.
Read MoreOn October 12, South Korea's KOSPI index fell sharply, dropping 3% to 6,427.08 points. Tech heavyweights led the decline, with SK Hynix down over 4% and Samsung Electronics falling nearly 3%, highlighting investor concerns over the global economic outlook.
Read MoreBitcoin has surged past the $84,000 mark, hitting new historic highs amidst significant market volatility. The current price stands at $84,004.27, with a 24-hour gain of 1.25%. While momentum is strong, heightened fluctuations call for cautious risk management.
Read MoreBinance will support cash dividend distribution for Micron Technology via bStocks. Related conversion and transfer services will be temporarily suspended during the process, with dividends credited directly to users' spot accounts.
Read MoreXRPL Foundation clarifies misconceptions about a recent security patch, confirming it did not create new XRP. The total supply remains fixed at 100 billion. The complex bug has been fixed, and circulating supply is slightly lower due to transaction burns. Enhanced security measures are planned.
Read MoreOn October 12, WTI crude oil broke below the key $90 per barrel level, turning intraday gains into a 1.07% loss. Brent crude also fell around 1% to $101.71, signaling a shift in market sentiment as traders reassess the outlook.
Read MoreTwo Ethereum Foundation-linked wallets transferred 4,393 ETH (worth $11.13M) to Kraken. The wallets received nearly 60,000 ETH from the Foundation a decade ago and have been gradually moving portions to exchanges over the years, revealing a long-term asset distribution pattern.
Read MoreLeading AI firm Anthropic has entered a cloud services agreement with infrastructure provider IREN, securing critical computing power for its advanced AI model training and deployment. This strategic move aims to bolster Anthropic's technical infrastructure and competitive edge in the generative AI landscape.
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