Category: Reviews

Japan’s Big Banks Eye Bitcoin as New Rules Loom

Key Notes Japan may soon allow banks to invest in and hold Bitcoin. The goal is to treat crypto like stocks or bonds. Japan has over 12 million crypto users as of February 2025. Japan’s Financial Services Agency (FSA) is considering allowing banks to invest in and hold Bitcoin (BTC) and other cryptocurrencies. According to local outlet Livedoor News, a working group of the Financial Services Council will review the proposal soon. If approved, it would signal that digital assets are being integrated into core financial instruments, not seen as…

Solana DEX PnP Integrates DeFiLlama for On-Chain Prediction Markets

Key Notes Solana-based DEX Predict and Pump (PnP) integrates DeFiLlama data feeds to enable decentralized, on-chain prediction markets. The integration allows users to trade on live DeFi metrics like TVL, revenue, and market cap directly on Solana. Solana price remains under pressure below $190 as short-traders dominate derivatives markets despite broader altcoin recovery. Predict and Pump (PnP), a Solana-native decentralized exchange (DEX), has integrated DeFiLlama data feeds to enable fully on-chain prediction markets. The announcement was made on Saturday via PnP’s official X account, stating that users can now convert…

RWA Investors in Profit as Crypto Crash, US Shutdown and Gold Rally Sparked $3.9B Deposits in 30 Days

Key Notes RWA sector valuation jumped 11.6% to $34.4 billion, adding $3.9 billion in new deposits over the past month. Gold’s record-breaking rally to $4,200 and the US government shutdown spurred inflows into tokenized treasuries and commodities. Tokenized RWA projects outperformed the wider crypto market, rising 8.3% intraday as Bitcoin sank below $104,000. Real World Asset (RWA) sector valuation hit $34.4 billion on Saturday, October 18, marking an 11.6% increase and a $3.9 billion rise in total deposits over the last 30 days, according to RWA.xyz data. RWA Market Overview…

Opensea CEO Announces SEA Token Launch to Revive NFT Sector in Q1 2026

Key Notes OpenSea CEO Devin Finzer confirms SEA token launch in Q1 2026 with 50% supply reserved for the community. The SEA token will integrate staking, trading, and on-chain liquidity features across OpenSea’s ecosystem. The announcement comes as NFT market capitalization declines to $5.2 billion, down from a $25 billion peak in 2021. On Friday, October 17, CEO Devin Finzer announced via X that Opensea will launch a native token, SEA, in Q1 2026, transitioning from an NFT marketplace to a full-suite on-chain trading platform. OpenSea crossed $2.6B in trading…

Huobi Founder Eyes $1,000,000,000 Ethereum Treasury Firm

Key Notes Huobi founder and chairman of Avenir Capital, Li Lin, plans to collaborate with investors to launch a $1 billion ETH treasury. Some of the partners are Fenbushi Capital co-founder Shen Bo, HashKey Group chief executive officer Xiao Feng, and Meitu founder Cai Wensheng. BitMine is Ethereum’s largest holder with over 3 million ETH in trust. New reports have hinted at the establishment of a $1 billion Ethereum (ETH) treasury, marking the entry of another firm into the corporate accumulation trend. The founder of the Huobi exchange, Li Lin,…

Crypto Tax: UK Authorities More Determined to Clawback Gain

Key Notes HM Revenue & Customs (HMRC) sent out 65,000 crypto tax warning letters last year. The previous year, the agency sent out only 27,700 letters. The growing crypto adoption and asset price surge mandate this move. Crypto firms in the UK are facing challenges as tax authorities in the region intensify warnings about unpaid gains. Reports show that these digital asset firms received more warning letters from the HM Revenue & Customs (HMRC) last year than they did the previous year. This reflects the UK government’s commitment to ramp up…

XRP Reset: Billions in OI Wiped Out as Prices Touch $2.20

Key Notes XRP crashed to $2.20 before rebounding to $2.35 at press time. $1.9 billion in Open Interest was wiped out across exchanges in just 12 days. A falling wedge pattern hints at possible recovery, with resistance near $2.50. XRP currently trades at $2.35, up over 6% in the last 24 hours, after an extremely volatile week that saw the asset plunge from $2.50 to $2.20. Despite the rebound, XRP remains down 25% over the past month and trades nearly 39% below its all-time high of $3.84. According to data…

ETH Briefly Reclaims $3,900: ‘High Risk Zone’ Stands Tall

Key Notes Ethereum briefly reclaimed $3,900 but remains in a high-risk zone. The Korea Premium Index surged to 8.2%, historically signaling local tops. Resistance lies between $3,870 and $3,920, with breakout targets at $4,160-$4,425. Ethereum (ETH) briefly found its way back above $3,900 on Saturday, a mild rebound after a volatile week that saw price action testing key support levels near $3,600. However, ETH is down 15% monthly, as per CoinMarketCap. Also, CryptoQuant analysts have warned that ETH now trades in a “high-risk zone” marked by overheated retail sentiment and…

$1.2B Left BTC ETFs This Week, but Not All is Lost for Bitcoin Price

Key Notes US Bitcoin ETFs saw $1.22 billion in outflows this week. BlackRock’s IBIT led with $268.6 million in Friday redemptions. Bitcoin must reclaim $108K–$109K to avoid testing $100K support. Spot Bitcoin exchange-traded funds (ETFs) in the United States saw over $1.2 billion in outflows this week, cementing a brutal week for Bitcoin and digital asset products. On October 17, U.S. spot Bitcoin ETFs recorded a net outflow of $367 million, marking the third consecutive day of outflows. Spot Ethereum ETFs saw net outflows of $232 million, with none of…

Why is Ethena Price Rallying 8% Today Despite $1.2B Crypto Market Crash?

Key Notes ENA outperformed major cryptocurrencies during Friday’s market downturn, recovering from previous de-peg concerns. Binance’s $400 million reimbursement fund helped restore investor confidence in Ethena’s stablecoin ecosystem. The platform expanded its stablecoin infrastructure to Conduit, reaching over 60 Ethereum networks with $4 billion TVL. Ethena ENA $0.44 24h volatility: 8.6% Market cap: $3.14 B Vol. 24h: $640.89 M price rose 8% to $0.44 on October 17, making it one of the few digital assets trading in green amid a widespread crypto market crash. ENA’s performance stood out as cascading…