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A tightening U.S. power grid is driving bitcoin BTC$113,244.11 miners and AI developers into closer alignment, according to Wall Street broker Bernstein. Soaring demand from AI and digital workloads has made grid access one of the biggest constraints on new data center growth, with interconnection timelines stretching to seven years in some regions, the broker said in a report on Friday.Miners, who secured large renewable power contracts years ago, now control more than 14 gigawatts (GW) of capacity and offer AI providers a shortcut to scale, analysts led by Gautam Chhugani wrote.Sites owned by IREN (IREN) and Riot Platforms (RIOT)…

Dogecoin’s structure “is still trying to turn around,” according to a market technician More Crypto Online who argues that both the higher-time-frame and intraday counts now permit a constructive path toward $0.60—provided a handful of support and breakout thresholds hold. In a new video, the analyst describes a market that is “printing higher highs and higher lows,” but cautions that the advance is “choppy, slow… boring and very fragile,” language that underscores how conditional the bullish setup remains. Dogecoin Breakout Loading On the daily chart, the crux of the thesis is the integrity of August’s corrective low, labeled as the…

Swan Bitcoin CEO Cory Klippsten said Bitcoin’s price volatility may not be over after the cryptocurrency briefly fell to $102,000 on Friday, following US President Donald Trump’s announcement of a 100% tariff on Chinese imports.“If the broader risk-off mood holds, Bitcoin can get dragged around a bit before it finds support and starts to decouple again,” Klippsten told Cointelegraph on Friday.Klippsten said that Bitcoiners should expect some turbulence over the coming days. “Macro-driven dips like this usually wash out leveraged traders and weak hands, then reset positioning for the next leg up,” Klippsten said. $8 billion wiped out in crypto marketOver…

In brief Aster has delayed its airdrop from October 14 to October 20, due to “potential data inconsistencies” leading to miscalculated token allocations. The announcement said that “for most users,” the new figures should not be lower than what they have already been shown. It comes just hours after the airdrop checker went live, which prompted a stream of users to complain about their allocations. Multi-chain decentralized exchange Aster has delayed its airdrop due to what it has identified as “potential data inconsistencies affecting certain users’ ASTER allocation.”It is now targeting an October 20 date for the token drop to…

Blockchain security firm PeckShield reported Friday that a wallet suffered a devastating loss of roughly $21 million worth of crypto assets on Hyperliquid, a decentralized trading platform.According to PeckShield, the theft stemmed from a private key compromise, allowing an attacker to drain the victim’s funds in a single swift move.The hack was isolated and was targeted towards the victim’s wallet, not HyperLiquid itself.The stolen assets PeckShield claims included approximately 17.75 million DAI and 3.11 million MSYRUPUSDP, both of which the hacker has since bridged to Ethereum.Onchain data shows that the attacker’s wallet executed a series of transactions to move the…

Hedera Hashgraph’s HBAR token came under heavy institutional selling pressure over the 24-hour trading period ending October 10, with prices fluctuating within a volatile 6% range between $0.21 and $0.22. Despite early resilience that saw HBAR climb toward intraday highs near $0.22, the digital asset reversed sharply in the final trading hour, as institutional investors initiated broad-based selloffs that erased earlier gains.Trading data pointed to exceptional activity during this selloff, with volumes surging to 262.49 million—nearly six times higher than the session’s 47.32 million average. Analysts identified the 3:00 PM hour on October 10 as the inflection point, where the…

Friday has gone from bad to worse for crypto assets as U.S. President Trump said he would impose an additional 100% tariff on China, sending prices cascading lower in a flash crash.Bitcoin BTC$111,480.33, already trading weak at around $117,000 following Trump’s late morning comments about threatening China with tariffs, tumbled below $110,000, down 12% over the past 24 hours. Ether ETH$4,005.03 tanked 16% below $3,700, while other major altcoins XRP$2.8211, solana SOL$201.48 and DOGE$0.2316 crashed 20%-30%. The native tokens of ADA$0.7842, Chainlink LINK$20.81 and Aave AAVE$267.09 fell as much as 40%Friday’s market meltdown lead to over $7 billion in liquidations…

This year, Texas’ legislature passed a law to establish a strategic Bitcoin reserve in the state, opening the door for other cryptocurrencies in the future. According to the original sponsor of the bill, Ether could be the next reserve asset.Speaking to Cointelegraph on Thursday, Texas state Senator Charles Schwertner discussed the implementation of the Bitcoin (BTC) reserve bill signed into law by Governor Greg Abbott in June. Though the text of the bill allows Texas to hold other cryptocurrencies in a “special fund outside the state treasury,” Bitcoin was the only one to meet the requirements at the time of…

In brief BlackRock’s Bitcoin ETF (IBIT) has become the asset manager’s most profitable fund by annualized fee revenue, with $97 billion in assets after just 21 months. S&P Global launched its first hybrid “Digital Markets 50” index combining 35 blockchain-related stocks with 15 major cryptocurrencies. Coinbase secured approval to offer staking services in New York for Ethereum, Solana, and Cosmos, becoming the first major exchange to do so. Public keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week BlackRock mints a new most-profitable ETF, S&P Global gets in the mix, and Coinbase…

The drop comes after President Trump announced new tariffs on China. The broader crypto market plunged sharply on Friday evening, with Bitcoin (BTC) falling 12% as low as $105,896, and Ethereum (ETH) slipping 17% under $3,600 amid renewed risk-off sentiment. BTC 24-hour price chart. Source: CoinGeckoMajor altcoins followed suit, dragging total crypto market capitalization down about 15% to $3.59 trillion, according to CoinGecko data. Total market cap over 24 hours. Source: CoinGeckoXRP experienced a 31% drop as experts warned of a “price crash.” The token is currently trading at $1.90, its lowest price since November 2024. Meanwhile, its market cap…