Bitcoin and several major altcoins have turned down from their respective overhead resistance levels, indicating that the bears are still very active at the range highs. Key points: The failure of the bulls to maintain Bitcoin above $94,050 has renewed selling, opening the doors for a fall to $87,700 and then to $84,000. Most major altcoins remain under pressure and are threatening to challenge their recent lows. Read more
Bitcoin briefly topped $94,000 following Strategy’s largest investment since July, but investor risk appetite remained muted even after the widely expected US interest rate cut. Cryptocurrency markets saw another week of downside, as investors eagerly anticipated the year’s last Federal Open Market Committee (FOMC) meeting. Bitcoin (BTC) rose to a weekly high of $94,330 on Tuesday as investor morale was bolstered by Strategy’s $962 million Bitcoin acquisition, the company’s largest investment since July 2025. On Wednesday, the US Federal Reserve delivered a widely anticipated 25-basis-point interest rate cut. Crypto markets saw a temporary bounce, as lower rates and cheaper borrowing costs typically increase risk appetite and capital entering risk assets such as crypto. Read more
The network’s reserve will consist of purchases of the network’s native PYTH token, utilizing approximately 33% of the protocol’s revenue through the DAO. The Pyth Network, a blockchain oracle provider, said it will convert a portion of its revenue into PYTH token purchases as part of a reserve strategy. In a Friday blog post, Pyth said the tokens it buys on the open market with one-third of the protocol’s revenue through its decentralized autonomous organization (DAO) would constitute the network’s reserve. The network said the strategy was designed to increase revenue and token purchases. “[I]t’s time to rewrite the market data economy on a global level,” said Pyth. Read more
The company is considering multiple paths to ensure liquidity for new investors eyeing a stake in the private stablecoin business. Tether, the stablecoin company that issues the USDt (USDT) dollar-pegged token, is considering tokenizing investor equity and share buybacks to offer liquidity for investors as it seeks a $500 billion valuation. Bloomberg reported on Friday, citing a source familiar with the matter, that Tether recently stopped an existing shareholder from selling their stake as the company is in talks to raise $20 billion for a 3% stake in the stablecoin's issuer business. The investor sought to sell a $1 billion stake that valued Tether at $280 billion, Bloomberg reported. In response, Tether plans to offer investor liquidity through tokenization or share buybacks after the funding round closes. Read more