Author: John Smith
PEPE coin price has dropped nearly 40% from its September highs as it approaches a potential breakdown from a bearish head and shoulders pattern, which could spell more pain for holders in the days ahead. Summary PEPE price continued to extend losses on the weekly timeframe. Whales and smart money holders have started exiting positions. A bearish head and shoulder pattern is forming on the PEPE/USDT weekly chart. According to data from crypto.news, Pepe (PEPE) coin dropped to a 6-month low of $0.0000063 on Friday, Oct. 17, before managing a slight recovery to $0.0000072 at the time of writing. At…
Polymarket is reportedly preparing to launch its own native token, but sources say that the rollout won’t happen until the prediction market platform fully reestablishes itself in the U.S. following its 2022 regulatory exit. Summary Sources say Polymarket plans to delay the token launch until it completes its regulated return to the U.S. through its acquisition of CFTC-approved exchange QCX. The rumored token follows a $2 billion investment from Intercontinental Exchange, valuing Polymarket at $9 billion and expanding its reach into TradFi. Polymarket prioritizes U.S. comeback before launching token Earlier this week, Polymarket founder and CEO Shayne Coplan stirred buzz…
Crypto prices today are stabilizing after a volatile weekend marked by a significant decline and shifting macro sentiment. Summary Bitcoin trades back above $110K as crypto market value gains 3%. Easing U.S.-China tensions and ETF optimism support the rebound. Coinbase sees Q4 driven by liquidity growth and stablecoin demand. The global cryptocurrency market added 3% in the past 24 hours to reach $3.8 trillion, recovering from last weekend’s flash crash that caused over $20 billion in liquidations. Bitcoin climbed 1.2% to trade above $110,000, while Ethereum gained 2% to $4,041 after dipping to near $3,700. BNB, XRP, and Solana each…
Hyperliquid founder Jeff Yan has addressed criticism, suggesting the platform prioritizes protocol revenue over trader interests. Summary Jeff Yan says ADL saved traders millions during October 10 market crash. Hyperliquid passed profits to users instead of maximizing protocol revenue. Founder contrasts DeFi onchain transparency with CEX liquidation secrecy. He also defended the exchange’s auto-deleveraging mechanism during the October 10 market crash. Yan stated that ADL actions made users “hundreds of millions of dollars” by closing profitable short positions at favorable prices, while the platform’s liquidity pool passed on potential profits to users rather than maximizing its own returns. The defense…
The crypto market had a mixed performance last week as Bitcoin and most altcoins retreated, and some, like Bittensor, Ethena, Morpho, and Conflux jumped. Summary One of the top crypto market news stories will be the upcoming US inflation report. Delegations from China and the US will meet in Malaysia to deliberate on trade. A major political gathering will happen in China this week. Cryptocurrency prices will react to several major events this week, including the US inflation report, the Fourth Plenum of China’s CCP, and the upcoming talks between US and Chinese authorities. Crypto market to react to U.S.…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For years, capturing arbitrage between cryptocurrency spot and perpetual futures markets was reserved for well-capitalized institutional traders. These “basis trades” required massive capital, sophisticated risk systems, and round-the-clock monitoring to profit from tiny price gaps. That monopoly is ending. One-click hedging vaults now automate these same strategies using decentralized exchanges and institutional custodians. Summary Automated, onchain “market-neutral” vaults now replicate the complex basis trades once limited to hedge funds — letting anyone earn yield from spot–futures spreads…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. While crypto has already changed the way we trade and invest, it’s now starting to challenge the way we organize, and that’s what decentralized autonomous organizations, or DAOs, are about. Summary Despite massive on-chain treasuries, most DAOs aren’t recognized as legal entities — they can’t sign contracts, pay taxes, or protect members from liability. While DAOs promise openness and decentralized governance, the absence of legal personality means “community ownership” often masks concentration of power among a few…
Avalanche price has moved into a bear market this month after plunging by 45% from its highest point in September, and this retreat may continue ahead of a big token unlock. Summary Avalanche price has crashed in the past few weeks. The network will unlock tokens worth almost $35 million this week. Technical analysis points to further downward as transactions fall. Avalanche (AVAX) token dropped to the psychological point at $20, down sharply from the September high of $36. It is hovering at its lowest point on Oct. 11. The primary catalyst for the AVAX price this week will be…
The Pi Network price has stalled at a record low, even as the developers announced a major upgrade to the App Studio with the hope for more ecosystem growth. Summary Pi Network price has remained under pressure and is at its all-time low. The developers launched a major upgrade to its App Studio. A forming falling wedge pattern could lead to a short squeeze. Pi Network (PI) token was trading at $0.2040 on Sunday, down by over 90% from its all-time high. This plunge has made it one of the top laggards in the crypto industry. Pi Network launches App…
Japan is keen on establishing a framework to allow banks to buy and sell cryptocurrencies, including Bitcoin. Summary Japan’s FSA may let banks buy and hold Bitcoin and other cryptocurrencies. New framework would impose strict risk rules on bank crypto holdings. Banks could register as exchanges, expanding retail investor access. The country’s Financial Services Agency is beginning deliberations on system changes that would allow banks to acquire and hold cryptocurrencies in the same manner as stocks and government bonds. As per local reports, the matter will be discussed at an upcoming working group meeting of the Financial Services Council, an…