Author: admin

Solana trades below $190 support as RSI weakens, open interest rises, and ETFs drive new interest. Analysts watch $300 target closely. Solana (SOL) is trading below a key level that many traders are watching, as the $190 mark has become a critical support zone. If the asset remains under this level, upward movement toward $240 or $300 may not materialize. At press time, the price sits at around $185 after a 4% decline over the past day. $190 Remains a Key Level Aside from today’s nosedive, SOL has remained mostly within a trading range in the past week, between…

Steak ’n Shake is making history as the first major restaurant to establish a Strategic Bitcoin Reserve.  All payments received in Bitcoin will now be added to their Strategic Bitcoin Reserve (SBR), marking a fun and major step into bitcoin adoption for the fast-food chain. As part of the initiative, the company will donate 210 sats from every Bitcoin Meal sold to the Open Sats Initiative, Inc. over the next 12 months.  Customers who purchase and register their Bitcoin Steakburger through the Fold App will also receive $5 in free Bitcoin, with instructions provided on their receipts. The move comes…

The open interest in XRP and Solana (SOL) futures and options has reached a record $3 billion on the Chicago Mercantile Exchange (CME). According to the CME data, this remarkable milestone was reached during Monday’s session, which saw both XRP and Solana reach their highest level of participation.  Both cryptocurrencies have gained traction among institutional investors, who are now treating XRP and Solana as serious alternatives to Bitcoin and Ethereum in the derivatives market. CME’s Record $3 Billion Milestone Data from CME Group reveals that open interest in XRP and Solana futures has climbed to about $3 billion in total…

Many US senators are reportedly moving to advance a bill for crypto market structure rules amid a government shutdown with no end in sight.According to a Bloomberg report published on Thursday, several Republicans in the Senate, including those with leadership positions on key committees, plan to pass legislation on digital asset market structure by the end of the year, in line with their initially announced timeline. Despite thousands of government employees being furloughed across several agencies amid the shutdown, members of Congress continue to receive their paychecks and are permitted to conduct business in the House of Representatives and the…

In brief Bitcoin dropped more than 6% during Q3, a more tepid performance than in the previous quarter. On Monday, Strategy announced a $43 million Bitcoin purchase for its treasury, its largest in a month. Co-founder Michael Saylor has remained upbeat about Bitcoin, despite its price drop this month. Leading Bitcoin treasury Strategy (MSTR) generated $2.8 billion in profits for its third quarter, the company announced Thursday after market close, as it continued its aggressive approach to BTC accumulation, despite more challenging conditions for crypto markets.Strategy reported net income of $8.42 per common share on a diluted basis.MSTR shares were…

Bitcoin miner Core Scientific failed to win approval for a merger with AI infrastructure company CoreWeave during a shareholders meeting on Thursday.The final results of the preliminary vote will be disclosed in a Securities and Exchange Commission (SEC) filing on Friday, according to Core Scientific’s announcement. CoreWeave finalized the $9 billion acquisition in July, subject to shareholder approval, in which Core Scientific shareholders would receive 0.1235 shares of CoreWeave Class A common stock for each Core Scientific share they own.Shares of Core Scientific fell by over 5% on Thursday following news of the shareholder vote. Cointelegraph reached out to the…

Bitcoin’s whitepaper will pass its 17th anniversary tomorrow, and Satoshi Nakamoto’s wallets are hemorrhaging. During the last day, his total holdings have fallen by over $5 billion. The price of BTC has been suffering as retail and institutional investors lose confidence. We’re in an uncertain moment, but symbols like this could further encourage community bearishness. Sponsored SponsoredSatoshi’s Bitcoin HoldingsDespite a few bullish hopes from analysts, Bitcoin’s price has been dropping lately, and shifts in market dominance could cause these trends to magnify even further. Earlier today, Arkham Intelligence reported that Satoshi Nakamoto’s personal Bitcoin wallet lost nearly $5 billion in…

In brief Coinbase disclosed $1.9 billion in Q3 revenue. The exchange notched $433 million in Q3 profit Transaction revenue rose on a sequential basis, Coinbase said. Coinbase reported $1.9 billion in third-quarter revenue on Thursday, a 26% increase quarter-over-quarter that slightly surpassed Wall Street forecasts.Analysts expected the San Francisco-based crypto exchange to disclose $1.8 billion in sales, reflecting a 50% increase from a year ago, according to Yahoo Finance. Coinbase disclosed a Q3 earnings per share of $1.50, coming in above analysts’ forecasts of $1.10 per share.That translated into $433 million in net income for the third quarter, falling sequentially…

Dogecoin extended losses through Tuesday’s session, plunging 6.8% to break below key $0.18 support as heavy whale outflows and elevated trading activity confirmed institutional distribution across meme coin markets.News BackgroundDOGE fell sharply from $0.1934 to $0.1803 over the 24-hour session, breaking through multiple support levels within an 8.9% intraday range. The move came amid a 44% jump in trading activity above the seven-day average, marking one of the largest single-day volume expansions this month.On-chain data revealed over $29 million in large transactions during the breakdown phase, including a $26.8 million transfer to Binance from a dormant whale address, coinciding with…

In brief 21Shares wants to list a Hyperliquid exchange-traded fund. HYPE, the native coin of decentralized exchange Hyperliquid, is the 16th biggest cryptocurrency by market cap. The SEC is weighing ETF applications tracking different altcoins, and combinations of tokens. Exchange-traded fund issuer 21Shares has applied for an exchange-traded fund tracking the token of the Hyperliquid decentralized exchange, according to a U.S. Securities and Exchange Commission filing on Wednesday. The 21Shares Hyperliquid ETF would potentially become the second HYPE-focused ETF to trade on U.S. exchanges, following a proposal by Bitwise in September. The 21Shares product would use America’s largest crypto exchange by…