Category: crypto
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Bitcoin, Ethereum ETFs return to outflows as market weakness deepens
Investor caution has returned to the crypto markets as Bitcoin and Ethereum ETF flows turned negative again after a brief recovery. Bitcoin recorded $101.3 million in outflows, while Ethereum lost $18.8 million. Both cryptocurrencies are struggling to regain momentum amid declining ETF inflows and subdued market confidence.
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Hyperliquid Strategies seeks to raise $1B to boost HYPE holdings
Hyperliquid Strategies Inc. has filed for a $1 billion U.S. IPO to acquire more HYPE tokens. They plan to issue up to 160 million shares with Chardan Capital Markets advising. The proceeds will be used for additional token accumulation and staking. HYPE price rose 10% to $38.
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WazirX set to resume operations after year-long shutdown
Indian crypto exchange WazirX is set to resume operations on Oct 24 after a 15-month hiatus due to a cyberattack. The relaunch follows a restructuring plan approved by the Singapore High Court and aims to attract users with zero fee trading. BitGo will provide insured custody of assets to restore user confidence.
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Quantum Solutions becomes largest ETH treasury outside US
Tokyo-listed Quantum Solutions is now the largest Ethereum treasury company outside the US, acquiring over 2,300 ETH in a week. They raised $180 million in September, led by ARK Invest. Quantum’s shares fell by over 28% in five days. They plan to acquire more ETH and hold 3,865.84 ETH in total.
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Changpeng Zhao slams Peter Schiff’s ‘tokenized gold’ plan
Changpeng Zhao criticizes Peter Schiff’s plan to release a tokenized gold product, stating that tokenized gold is not the same as on-chain gold. He emphasized that tokenized gold is a digital IOU dependent on third-party custodians, not fully on-chain. Zhao predicts that Bitcoin will eventually surpass gold’s market dominance.
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Kalshi prediction market platform draws VC interest at $10-12B valuations
Kalshi prediction market platform is seeing increased investor interest at valuations between $10 billion and $12 billion, following a recent funding round at $5 billion. Venture capitalists are discussing investments that could double Kalshi’s value, driven by a court victory enabling trading on presidential election contracts. Regulatory scrutiny remains a challenge.
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Kraken CEO hits back at ABA over stablecoin yield remarks
A dispute arose between U.S. banks and crypto firms when Kraken’s CEO criticized the American Bankers Association for opposing stablecoin interest payments. The debate revolves around competition, with the GENIUS Act providing a framework for stablecoin issuers. Banks fear deposit flight, while crypto platforms advocate for consumer choice and market competition.
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Retail chain Bealls to accept Bitcoin payments at locations
Bealls, a U.S.-based retail chain, will accept cryptocurrencies like Bitcoin and USDC as payment through a partnership with Flexa. This move makes Bealls the first national retailer to accept cryptocurrencies, with over 660 stores across 22 U.S. states participating in the integration. The partnership aims to prepare for the future of commerce and cater to…
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Jupiter launches beta version of new prediction market
Solana DEX aggregator Jupiter has launched a beta version of its new prediction market, starting with bets on the Mexico Grand Prix. Users can bet on F1 racers like Max Verstappen and Lando Norris. The platform is powered by Kalshi and has already seen significant trading volume. Prediction markets have a total value locked of…
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What will its FDV be?
Meteora’s MET token launches on October 23 with 480 million tokens (48% of supply) entering circulation. The Solana-based DEX generates $3.9 million in daily fees, leading to speculation on its future FDV. Traders predict a value between $750 million and $1 billion, but concerns arise about early selling pressure due to the large token float.