24/7 Blockchain industry dynamics and breaking crypto news
Stablecoin market cap has rebounded to around $270 billion, gaining $4 billion since September after a significant decline. Analysts view this as a key liquidity indicator, but note recovery remains fragile. Stronger capital inflows are needed to drive the next market upswing.
Read MoreAfter over a year of dormancy, a major ENA holder moved 30 million tokens worth $6.98 million to Binance via BitGo on October 3. The address still retains holdings valued at over $36.7 million, sparking speculation about the whale's next moves.
Read MoreThe CFTC has approved Coinbase as a derivatives clearing organization, enabling it to self-clear fully collateralized futures, options, and swaps. This license reduces reliance on third parties and could accelerate its planned USDC-collateralized futures product.
Read MoreThe U.S. Department of Justice will not reopen a criminal investigation into former Federal Reserve Chair Jay Powell regarding the central bank's $2.5 billion headquarters renovation. Previous internal oversight found no criminal misconduct, closing the case.
Read MoreNasdaq-listed Bitcoin miner Bitdeer sold all 292.3 BTC it mined in the week ending October 2, resulting in zero net addition to its holdings. The company continues its strategy of maintaining no Bitcoin inventory, raising questions about its capital management and market outlook.
Read MoreThe total stablecoin market cap has dropped $14 billion since May, signaling major capital outflows. Despite a $4 billion recovery since September, analysts note liquidity revival remains weak, insufficient to drive Bitcoin to new highs. Stronger capital inflows are still needed.
Read MoreBlackRock's spot Bitcoin ETF (IBIT) has made a net purchase of $1.57 billion worth of Bitcoin over the past month, according to Arkham data. The fund now holds over 800,000 BTC, with a total value exceeding $67.8 billion, signaling robust institutional inflows.
Read MoreA coordinated cyberattack targeted South Korea's five major commercial banks in early October. Three banks confirmed customer data breaches affecting tens of thousands. Investigations suggest foreign hackers used advanced AI tools, prompting regulators to order urgent security reviews across the financial sector.
Read MoreOn-chain data reveals the TRUMP token team has unlocked and sold tokens worth $249 million over 8 months. Despite this significant sell-off, the team still controls over 70% of the supply, with remaining holdings valued at approximately $1.49 billion, raising questions about tokenomics and team strategy.
Read MoreHuatai Securities analysis suggests weak September jobs data reduces urgency for back-to-back Fed rate hikes. While the labor market remains solid, slower wage growth may curb consumption. The firm sees a October hike as unlikely, with December being the baseline for the next move.
Read MoreCME has halted plans to launch a 24/7 trading WTI micro futures contract following industry opposition. Concerns center on potential weekend liquidity gaps distorting pricing and increased operational burdens. The move withdraws a proposed regulated alternative to existing round-the-clock oil trading.
Read MoreThe US Senate's failure to advance the CLARITY bill is seen as a regulatory setback. However, analysis suggests it has created a favorable short-term window for stablecoins, major exchanges, tokenization platforms, and select tokens, with some already securing exemptions or showing significant market gains.
Read MoreArthur Hayes warns the AI bubble will burst around 2027-2028 when data center bills come due. He suggests trillion-dollar government bailouts could create liquidity tailwinds for crypto. His new project Flop Labs launches a 90-day airdrop later this month, rewarding GPU computing contributions.
Read MoreBNY Mellon is reportedly in advanced talks with the parent company of a major cryptocurrency exchange. The potential collaboration could span digital asset custody, trading, and wealth management, aiming to build infrastructure for banks and financial institutions.
Read MoreA US federal judge dismissed a class action lawsuit against Libra memecoin, citing insufficient legal claims, not factual merits. The court did not rule on alleged wrongdoing, and a separate criminal investigation continues. The case highlights challenges in applying traditional securities laws to crypto assets.
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