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Mike Novogratz said “of course” Bitcoin could reach $200,000 if the Federal Reserve adopts a highly dovish stance following a leadership change. Galaxy Digital CEO Mike Novogratz said Bitcoin’s price could see a significant rally if the next US Federal Reserve chair nominee to replace Jerome Powell is exceptionally dovish. “That’s the potential biggest bull catalyst for Bitcoin and the rest of crypto,” Novogratz said in an interview with Kyle Chasse published to YouTube on Friday. “Fed’s cutting when they shouldn’t be, and you put in a massive dove,” Novogratz said, adding that may lead to “your blow-off top” moment for Bitcoin (BTC). Read more
Bitcoin struggles to recover and rally despite favorable macroeconomic trends that have sent stock prices higher. What will it take to overcome $110,000? Key takeaways: Strong US economic data and rising gold prices shift investor focus away from Bitcoin's upside. Regulatory uncertainty and vague US Strategic Bitcoin Reserve plans keep BTC price down despite macro tailwinds. Read more
XRP consolidated near $2.75 with bearish pressure looming. Onchain data and liquidity compression suggest a possible dip before a price rebound. Key takeaways: XRP hovered near the $2.75 support, risking an 8–10% drop to $2.50. Onchain URPD data indicated a strong buyer cluster around $2.45–$2.55. Read more
Moody’s warns “cryptoization” is undermining monetary policy and bank deposits in emerging markets amid uneven regulatory oversight. As stablecoin and cryptocurrency adoption accelerate worldwide, emerging markets face mounting risks to monetary sovereignty and financial stability, according to a new report from Moody’s Ratings. The credit rating service warned that widespread use of stablecoins — tokens pegged 1:1 with another asset, usually a fiat currency like the US dollar — could weaken central banks’ control over interest rates and exchange rate stability, a trend called “cryptoization.” Banks could also “face deposit erosion if individuals shift savings from domestic bank deposits into stablecoins or crypto wallets,” the report said. Read more
Though she said she was joking about “becoming an NFT creator” after her time at the SEC, the commissioner signaled she was working “to get crypto policy right” first. Hester Peirce, a commissioner at the US Securities and Exchange Commission (SEC) known by many in the industry as “Crypto Mom,” gave a speech laced with non-fungible token (NFT) metaphors and a review of the agency’s approach to digital assets. Speaking at a Coin Center event on Thursday, Peirce seemed to joke in response to speculation that her “days at the SEC [were] numbered,” given her term officially expired in June. However, statutes allow SEC commissioners to serve up to an additional 18 months until the US Senate confirms a replacement. “A lot of people have asked me what is next,” said Peirce. “I could leave the government and do a 180 on crypto, but that career path is too well-trodden for me. My plan long had been to transition to beekeeping—honey is delicious and nutritious, and bees sting with less glee than most of my Twitter com...
High stablecoin market growth in 2025 signals a $1.9 trillion base case and a $4 trillion bull case by 2030, Citi's analysts said. Citi, an international banking and financial services company, revised its stablecoin forecast due to the strong growth of the sector in the last six months, and now projects the stablecoin market cap will grow to $4 trillion by 2030. Analysts at Citi project a $1.9 trillion stablecoin market as their “base” case and up to $4 trillion as the “bull” case, up from previous projections of $1.6 trillion and $3.7 trillion, respectively, according to Thursday’s forecast. Analysts at Citi also said stablecoins would not disrupt the banking sector, contrary to concerns voiced by the banking industry, but would help overhaul the financial system, alongside tools like tokenized bank deposits. Citi wrote: Read more
Bitcoin is down 5%, its sharpest weekly drop since March, but October seasonality and long-term holder stability suggest a potential recovery ahead. Key takeaways: Bitcoin suffers its steepest weekly decline since March, slipping under $110,000. Over $15 billion in leveraged positions were flushed out, signaling a reset in risk appetite. Read more
SoftBank and ARK are reportedly eyeing an investment in Tether, a move that could value the stablecoin issuer at up to $500 billion as it diversifies beyond USDT. At least two high-profile investment companies are reportedly vying to back stablecoin issuer Tether as it looks to sell roughly 3% of its equity — a move that underscores pent-up investor demand for one of the world’s most profitable companies. According to Bloomberg, venture capital giants SoftBank Group and ARK Investment Management are among potential investors considering a combined investment of up to $20 billion in Tether. As Cointelegraph reported this week, if successful, the funding round could value the company at up to $500 billion, placing it among the world’s most valuable private enterprises. Read more
According to Grayscale, some market sectors benefited from significant changes to US policy in the third quarter, but Bitcoin underperformed compared to Ether and others. Asset management company Grayscale has suggested that the third quarter of 2025 may have represented an altcoin season “distinct from those in the past,” based in part on the underperformance of Bitcoin and a boost from centralized exchanges. According to a Grayscale report released on Thursday, though returns across crypto-related markets, including Bitcoin (BTC), Ether (ETH), AI, and smart contracts, were positive in Q3, the quarter may have stood out as an “alt season.” The asset manager said the smart contracts sector benefited from stablecoin legislation — likely referring to the GENIUS Act signed into law in the US in July — while AI, currencies and BTC lagged behind. “Bitcoin underperformed other market segments, and the pattern of returns could be considered a crypto ‘alt season’ — although distinct from other periods of falling Bitc...
Two Nasdaq-listed DATs are investing in The Open Network's native token, allocating millions to token reserves even as the asset and their share prices decline. Another publicly listed company is moving into the digital asset treasury market, targeting exposure to The Open Network native coin, even as the token’s price continues to slump. In a Thursday announcement, AlphaTON, formerly Portage Biotech, said it purchased $30 million worth of Toncoin (TON) tokens as part of its crypto accumulation strategy. The token is down roughly 13% over the past month. With the purchase, AlphaTON became the second Toncoin-focused digital asset treasury (DAT), joining TON Strategy Co., which rebranded from Verb Technology Company in August. Read more
Wall Street leans into crypto: E*Trade to add BTC, ETH and SOL, JPMorgan cools on stablecoin risks, and CFTC tests tokenized collateral. Crypto’s integration with traditional finance is accelerating. Major banks are rolling out crypto trading services, expanding stablecoin initiatives and preparing for regulatory shifts that could let tokenized assets serve as collateral in derivatives markets. This week’s Crypto Biz dives into Morgan Stanley’s plan to launch crypto trading via E*Trade, JPMorgan CEO Jamie Dimon’s cautious acknowledgment of stablecoins and the Commodity Futures Trading Commission’s (CFTC) exploration of tokenized collateral. Plus, Strategy’s Michael Saylor dismisses talk of a fading bull market, predicting institutional demand will push Bitcoin higher in Q4. Morgan Stanley’s discount brokerage E*Trade will begin offering cryptocurrency trading in 2026 through a partnership with infrastructure provider Zerohash, marking another sign that major banks are moving into digital assets. Read more
Bitcoin and several major altcoins are trying to start a recovery, but they are likely to be met with significant selling pressure at higher levels. Key points: Bitcoin is nearing the support of the large range, indicating that a relief rally is possible in the near term. Several major altcoins are trying to start a relief rally, but they are likely to meet significant resistance from the bears at higher levels. Read more
Although crypto treasury companies have enjoyed short-term price gains, most have underperformed the underlying assets they hold. Crypto asset prices retraced this week, but the spot market is faring better than most digital asset treasury companies, which have lost over 90% of their value in some cases due to market saturation and investor concerns over the sustainability of the digital asset treasury business model. Strategy, the largest Bitcoin (BTC) treasury company, is down about 45% from its all-time high of $543 per share during intraday trading in November. Comparatively, BTC is up about 10% since hitting a high of over $99,000 over the same month. Additionally, BTC has printed successive new highs since December, hitting an all-time high of over $123,000 in August, whereas Strategy has failed to reach a new all-time high in 2024 or even recapture its previous all-time high during the same time period. Read more
Wall Street adoption may catalyze the first “supercycle” extending Ether’s price appreciation beyond the traditional four-year cycle, according to the largest corporate ETH holder. This week in DeFi, a debate emerged about whether growing adoption among Wall Street participants may lead to the crypto market’s first extended “supercycle,” resulting in digital asset valuations rising beyond the historic four-year cycle’s time frame. As the leading smart contract blockchain, Ethereum’s native Ether (ETH) token could be set to benefit from “Wall Street running into the blockchain,” according to BitMine, the largest corporate holder of ETH. Despite the optimistic prediction, Ether’s price fell 13% over the past week, dropping below the $4,000 level for the first time since Aug. 8, Cointelegraph data shows. Read more
The reported funding round comes amid earlier indications that the crypto exchange is preparing for a potential public offering. Kraken has reportedly raised $500 million at a $15 billion valuation, strengthening its financial position amid growing speculation that the cryptocurrency exchange is preparing for an initial public offering (IPO). The funding was first reported by Fortune, which cited a source close to the negotiations in a profile on co-CEO Arjun Sethi. The source claimed that Kraken closed the round earlier this month. When contacted by Cointelegraph for confirmation, a Kraken representative declined to comment. Read more
Bitcoin showed no sign of a major rebound after the release of major US inflation data, with bid liquidity clustered at $108,200. Key points: Bitcoin sellers attempt to break support at $109,000 at the week’s final Wall Street open. BTC price action can head toward $100,000 as a result, despite a large “deleveraging” event. Read more
Key factors, such as Bitcoin dominance, liquidity shifts, market cycles and investor sentiment, drive altcoin season. Altcoin season, often called “altseason,” occurs when a significant portion of altcoins, cryptocurrencies other than Bitcoin, experience rapid price increases that outpace Bitcoin’s performance. This period is characterized by a shift of investor capital from Bitcoin (BTC) into assets such as Ether (ETH), Solana (SOL), Cardano (ADA) and even smaller tokens like Dogecoin (DOGE) or Pudgy Penguins (PENGU). Read more
The CFTC still doesn’t have a permanent chair, but there are reportedly several pro-crypto contenders who are under consideration to lead the agency. Almost a year into the second term of US President Donald Trump, the Commodity Futures Trading Commission (CFTC) still doesn’t have a permanent head. Former CFTC Commissioner Brian Quintenz was Trump’s top choice for the role. A confirmation vote was expected by the end of July but was stalled at the request of the White House. Reportedly, the Winklevoss brothers didn’t want Quintenz as chair because he wouldn’t sufficiently protect the cryptocurrency industry. So, who will it be? In recent weeks, several different names have appeared as possible candidates, including former commissioners and policy experts. The White House has not confirmed its choice, but some names have been floated by insiders. Read more
US President Donald Trump’s son Eric told the New York Post that stablecoins could “save the US dollar,” and defended his family’s crypto ventures. Eric Trump, son of US President Donald Trump and a businessman with several crypto ventures, said stablecoins could preserve the US dollar’s strength. In an interview with The New York Post published Friday, Eric Trump said he is convinced stablecoins will “save the US dollar.” He highlighted USD1, the stablecoin tied to the Trump family’s crypto project, World Liberty Financial, which has drawn scrutiny in Washington. When plans by World Liberty Financial (WLFI) — the Trump family-backed crypto project — were revealed in late March, critics raised conflict of interest concerns. Attorney Andrew Rossow told Cointelegraph at the time that the stablecoin is “a direct affront to constitutional safeguards meant to prevent conflicts of interest.” Read more
Since the peak of the Trump news-driven rally, Cronos has lost more than $6 billion, or nearly 50% of its market cap. Cronos, the native cryptocurrency of Crypto.com’s Cronos Chain, has faced significant selling pressure since the launch of the Trump Media Group CRO Strategy last month. On Aug. 26, Trump Media and Technology Group (TMTG), the operator of Truth Social and majority-owned by the Donald J. Trump Revocable Trust, announced a joint $6.4 billion Cronos (CRO) treasury. The announcement sparked an immediate 40% rally in CRO’s price. However, since then, the token has steadily declined, almost erasing those gains as CRO tumbled below $0.19 on Thursday, approaching pre-announcement levels, according to CoinGecko data. Read more5789 items