Category: News

Germany Wants CFD-Like Restrictions for Turbos, Kraken Buys Small Exchange from IG for $100M

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Germany to require CFD-style warnings for turbos Among a set of headlines shaping the market this week, Germany’s financial regulator, BaFin, will introduce new restrictions on turbo certificates starting next year. The rules come after data showed that 543,000 retail investors traded turbos between January 2019 and December 2023, with 74.2% of them incurring losses. Join IG, CMC, and Robinhood at London’s leading trading industry event! Under the new framework, all platforms offering turbo certificates to German retail investors, including third-party sites advertising these products, must prominently display a standard…

Dogecoin (DOGE) Falls 10% to $0.17 as Whales Dump $74M Despite Nasdaq Merger Hype

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In the past 24 hours, Dogecoin (DOGE)’s price slipped another 10% to $0.17, extending a weekly drop of more than 27% as on-chain data showed whales unloading roughly 360 million DOGE ($74 million). Related Reading The selloff arrived despite upbeat headlines around House of Doge’s plan to merge with a Nasdaq-listed company and Thumzup’s exploration of DOGE payouts for creators. Initial excitement faded quickly as traders framed both developments as early-stage rather than immediately revenue-impacting, prompting profit-taking into thin liquidity. Broader crypto weakness, Bitcoin and Ethereum also retreating, amplified pressure…

Loss Could Trigger $100K Retest

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Bitcoin is once again under heavy pressure, sliding toward the $103,000 level as the broader crypto market undergoes a sharp downturn. After days of volatility and failed recovery attempts, BTC has lost key support, triggering renewed fear and accelerating sell-offs across altcoins. Most major assets are showing deep losses, with traders and investors now questioning whether the market has entered a deeper corrective phase. Related Reading According to top analyst Axel Adler, Bitcoin’s main support zone lies between $106,000 and $107,000, a range defined by the Short-Term Holder (STH) 1M–3M…

Regional Banks Face Renewed Stress As Bitcoin Drops To $104K

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Several regional banks in the United States are facing renewed stress despite strengthening their finances after the 2023 banking crisis, and Bitcoin could benefit from any liquidity crisis that follows. Strike CEO Jack Mallers sees the banking stress as validation that Bitcoin (BTC) is correctly pricing in an impending liquidity crisis, opining that the Federal Reserve’s inevitable response will drive BTC prices higher.  “Bitcoin is accurately smelling trouble right now,” he said on the Primal social media platform on Friday. “The US is going to have to inject some of…

Newsmax Pushes Into Crypto Reserves With Bold Bitcoin and Trump Coin Strategy

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Newsmax is making a bold move into digital assets, unveiling plans to allocate millions toward bitcoin and Trump Coin, signaling rising corporate confidence in cryptocurrency reserves and strengthening ties between institutional finance and political momentum. Newsmax Unveils Bold Crypto Treasury Plan With Bitcoin and Trump Coin A growing trend among listed companies to diversify their […] Original

$1B XRP Treasury Move Could Redefine Altcoin’s Price Trajectory

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According to multiple reports, Ripple Labs is organizing an effort to raise about $1 billion to build a new XRP treasury intended to hold a large stock of the token. The effort would use a special purpose vehicle to gather outside capital and combine it with XRP that Ripple itself may put into the fund. The plan is still being negotiated and has not been finalized. Plans To Raise $1 Billion Reports have disclosed that the $1 billion target would be raised through a SPAC-style vehicle, with Ripple expected to…

BNB Active Addresses Hit Record 3.6 Million – Analyst Explains Network Growth

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BNB has been one of the strongest performers in recent weeks, standing out even as the broader crypto market struggles to find stability. During this market downturn, key metrics continue to validate BNB’s sustained momentum and network expansion. According to data shared by analyst CryptoOnchain, the BNB Smart Chain (BSC) reached a historic milestone on October 13th, recording 3.62 million daily active addresses — the highest in its history. Related Reading This surge in on-chain activity comes after months of steady price appreciation that began in June and accelerated rapidly…

‘We Would Already Be Below $108,000 If The Crash Wasn’t Over’

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As the week draws to a close, Bitcoin continues to show signs of resilience following its dramatic flash crash to the $101,000 price level last weekend. After days of intense volatility and heavy liquidations across the market, the world’s largest cryptocurrency has managed to stabilize above this level, even reaching as high as $113,400 during the week.  In this context, crypto analyst Tyrex shared a bullish outlook on X, stating that the worst of the downturn is behind and that Bitcoin could soon be gearing up for an upward surge…

Is This The End Of The Bull Run Or A Prequel To The Next Surge?

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On Friday, the Bitcoin price experienced another flash crash, dipping toward $103,000 from $109,300. While not as alarming as the sharp decline seen on October 10, this latest downturn has ignited fresh speculation regarding the cryptocurrency’s future trajectory.  A Temporary Setback? Comparisons are being made to past market crash events, such as the COVID crash in 2020 and the downturn in May 2021. However, market expert VirtualBacon emphasizes that the current situation is fundamentally different.  The expert noted that in 2020, a widespread collapse affected various assets, including stocks, gold,…

Solana Meme Economy: The Culture That Drives Billions In Volume

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…