Author: John Smith

DX Terminal and Pudgy Penguins are hot despite the overall coolness of the NFT (non-fungible token) market. Summary NFT sales dropped 34% to $169.7M, but transactions rose by 1.99% to 1,920,271. DX Terminal topped collections with $13M in sales, up over 50% this week. Ethereum led with $86M NFT sales, though buyers fell more than 80% overall. According to CryptoSlam data, NFT sales volume has dropped by 33.56% to $169.7 million, down from last week’s $256.9 million. The pullback has been more severe for market participants, with NFT buyers plummeting by 75.68% to 168,946 and sellers falling by 73.94% to…

This week’s crypto market downturn caught investors off guard, leading to nearly $20 billion in liquidations. But past precedents suggest prices can rebound. Summary Renewed U.S.–China trade tensions triggered a broad crypto selloff. Investor optimism hinges on potential Fed rate cuts and geopolitical developments, including whether Trump’s tense diplomacy with China eases trade concerns. Lower rates and calmer markets have historically fueled crypto rallies. Why did a crash occur Ripple (XRP) price plunged to $1.3758, down by 62% from the year-to-date high, erasing all gains made earlier this year. Bitcoin (BTC) tumbled to $106,000, down from the all-time high of…

XRP, the digital asset that powers the XRP Ledger (Ripple protocol), nosedived on Friday, Oct. 10, reaching its lowest level since December.  Summary Ripple’s XRP token tumbled 63% from its yearly high to $1.37 before bouncing back 75%, triggering $700 million in liquidations and vindicating chartist Peter Brandt’s bearish warning. The drop came amid a $300 billion crypto selloff fueled by escalating U.S.–China trade tensions. While XRP has since stabilized — helped by ETF inflows and hopes for new approvals — analysts warn volatility will persist as technical indicators flash both risk and potential recovery. XRP price crash confirms analyst…

The Zcash price remained steady near its highest point this week, continuing to receive bids despite the recent downturn in the cryptocurrency market.  Summary Zcash held steady despite the broader crypto selloff and heavy liquidations sparked by new Trump-era tariffs. The coin’s resilience follows a short squeeze triggered by Grayscale’s plans for a Zcash fund and a wider rally in privacy tokens. But with leverage soaring, funding rates at record highs, and technical indicators flashing extreme overbought signals, analysts warn the move may soon reverse — potentially sending ZEC back toward $100. The Zcash (ZEC) token was trading around $274…

Bitcoin ETFs recorded $4.50 million in net outflows on Friday, Oct. 10, ending a nine-day streak of positive flows that had brought over $5 billion into the products. Summary Bitcoin ETFs saw $4.5 million in net outflows on Oct. 10, ending a nine-day streak of positive inflows totaling over $5 billion. The reversal coincided with an 8% drop in Bitcoin’s price. Cumulative net inflows across all Bitcoin ETFs remain strong at $62.77 billion, with total assets at $158.96 billion. BlackRock’s IBIT bucked the trend (+$74.21M); Bitwise’s BITB (-$37.45M); Grayscale’s GBTC (-$19.21M); and Fidelity’s FBTC (-$10.18M). The outflows mark the first…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In recent weeks, market watchers have started asking whether the sky-high premiums on some crypto treasury companies are sustainable. Several stocks in the category trade at two to seven times their modified net asset value (mNAV) — a multiple that would be difficult to justify if these firms were simply vaults for Bitcoin (BTC) or Ethereum (ETH). If those premiums unwind, billions in market cap could vanish. Summary Top crypto treasury firms like Strategy, Metaplanet, and DeFi…

Summary XRP price has dropped sharply below the key $2.80 support level and is currently trading around $2.74, showing short-term weakness. Traders are largely waiting on Ripple’s upcoming Q4 updates before making significant moves, causing market uncertainty. If Ripple delivers positive news, XRP could break above $2.90 and target $3.00–$3.10, with potential for a bigger rally toward $4.00. Conversely, disappointing updates or broader market weakness could push XRP down toward $2.70. XRP didn’t just slip below support — it dropped fast, crashing through the $2.80 level and still moving  lower. It’s currently around $2.74 and showing weakness in the short…

Antalpha is repurposing a Nasdaq-listed shell into a dedicated treasury for Tether Gold. The $150 million vehicle, named Aurelion, creates a public company whose primary asset is blockchain-verified bullion. Summary Antalpha is transforming Prestige Wealth Inc. into Aurelion Inc., which will hold its treasury entirely in Tether Gold. The move follows Antalpha’s $20 million pilot Tether Gold acquisition earlier this year. Backed by LBMA-standard gold stored in Switzerland, Tether Gold offers transparency and liquidity that Antalpha says address vulnerabilities in the traditional gold market According to a press release dated Oct. 10, Antalpha Platform Holding Company has led a $150…

A group of top global banks, including Goldman Sachs, Deutsche Bank, Bank of America, Citigroup, Santander, and more, will explore stablecoins. Summary Top global banks, Goldman Sachs, Bank of America, Citigroup, Santander, to explore stablecoins Banks have launched a consortium that will look into issuing 1:1 reserve-backed digital money The stablecoin-like asset would launch on a public blockchain network Major international banks, including Goldman Sachs, Deutsche Bank, Bank of America, and Banco Santander, are joining forces to enter the stablecoin market. According to a report by Bloomberg published on Friday, Oct. 10, the banks will launch a consortium to explore…

Dominari and Hemi have joined forces to build regulated infrastructure that could transform the HEMI token into a fundamental tool for corporate treasuries seeking managed exposure to programmable, yield-bearing crypto assets. Summary Dominari partnered with Hemi to co-develop regulated digital asset treasury and ETF platforms. The collaboration follows Dominari’s role in Hemi’s $15m growth round backed by Breyer Capital and Republic Crypto. It comes a day after Dominari gained NYSE approval to lead IPOs, marking its rapid rise as a Wall Street player in crypto finance. In a press release dated Oct. 10, the Hemispheres Foundation, the organization overseeing Hemi’s…