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Jupiter, a decentralized trading platform on Solana, has announced plans to launch its stablecoin in partnership with Ethena Labs. The new token, called JupUSD, is scheduled to go live in mid–Q4 2025. According to an X post on Wednesday, JupUSD will be integrated across all Jupiter products, serving as collateral on its perpetual futures exchange, a liquidity asset in Jupiter’s lending pools and a trading pair.According to Jupiter, the stablecoin will be 100% collateralized by Ethena Labs’ USDtb, a dollar-pegged token backed by short-term US Treasury assets. Over time, USDe, Ethena’s synthetic dollar, will be added as collateral to optimize…

In brief Gemini users in Australia can now trade directly in AUD through local banking integrations following its official registration with the country’s anti-money laundering watchdog. The move coincides with draft legislation that would bring crypto exchanges under the Corporations Act. Gemini has appointed James Logan as Head of Australia to lead local strategy and partnerships. Crypto exchange Gemini announced on Wednesday that it is bolstering its services in the island nation after securing formal registration with the country’s anti-money laundering regulator, as new rules governing crypto exchanges are set to take effect.Gemini’s local entity, Gemini Intergalactic Australia, Pty Ltd,…

A Bitcoin technical indicator has squeezed to its tightest ever level as volatility diminishes and the asset remains rangebound despite recent peaks.  “Bitcoin’s weekly Bollinger Bands recently hit record tightness,” reported chartered market technician Tony Severino on Wednesday. For now, the cryptocurrency has failed to break out above the upper band with strength, despite reaching an all-time high of $126,000 earlier this week. According to past local consolidation ranges, “it could take as long as a hundred days to get a valid breakout (or breakdown, if BTC dumps instead),” he said. Bollinger Bands are a technical analysis tool used…

In brief Jack Dorsey’s Block wants its customers to use Bitcoin more. Block’s Square product will allow merchants to receive the cryptocurrency and manage it within a wallet. Block shares rose 2.6% on Wednesday. Jack Dorsey’s payments company Block said on Wednesday that it is debuting a new Bitcoin payments and crypto-integrated wallet targeting small businesses using its Square point-of-sales system, its latest initiative in an ongoing push to make BTC part of daily commerce. Starting Wednesday, merchants using the Square Bitcoin network, will be able be able to convert money received into BTC with zero fees and have access to…

In brief The Roughrider Coin is scheduled to launch in 2026. The stablecoin is built on the FIUSD platform and backed by U.S. dollars. The announcement follows Wyoming’s Frontier Stable Token debut in August. The Bank of North Dakota and financial technology firm Fiserv announced Wednesday that they will launch Roughrider Coin, a U.S. dollar-backed stablecoin set to debut in 2026. The token will operate on Fiserv’s digital asset platform, FIUSD, and be available to the state’s banks and credit unions.Fiserv launched FIUSD in June, a blockchain-based system that allows banks and credit unions to issue and transfer dollar-backed digital…

Institutional appetite for Bitcoin has surged to new and unprecedented levels this year.  As of October 8, global bitcoin exchange-traded products (ETPs) and publicly traded companies have collectively acquired 944,330 BTC — already surpassing the total amount purchased in all of 2024.  To put this in perspective, these institutions have bought roughly 7.4 times the new supply of bitcoins mined this year.  With three months remaining in 2025, it’s safe to assume that rate will only go up.  Bitcoin institution statistics from September According to a monthly report shared by Bitcoin Treasuries with Bitcoin Magazine, public and private treasuries added a…

A prominent macro-crypto commentator argues that digital assets are transitioning from a greed-driven cycle to a “fear bubble,” with Bitcoin poised for a more powerful and more parabolic phase in 2026 than the euphoric surge of 2017. In a post on X from October 8, the analyst known as plur_daddy (@plur_daddy) contends that two narratives—monetary debasement and artificial intelligence—are now the dominant behavioral drivers, and that they operate less on promise than on anxiety. 2017 Vibes: Trump And AI Could Ignite Next Bitcoin Rally “We are in a bubble, and the most parabolic leg is approaching. The true fireworks will…

BNB, Mantle, and Aster lead gains amid a renewed memecoin frenzy on BNB Smart Chain.The “Made in China” category on CoinGecko rallied sharply this past week, led by digital assets such as BNB, Mantle (MNT), and Aster. This category, which comprises cryptocurrencies with strong ties to China, now has a total market cap of $244 billion, up 5.2% over the past 24 hours and outperforming the broader crypto market, which has declined 0.4% during the same period.Top ‘Made in China’ CoinsMNT, the native token of the Ethereum Layer 2 (L2) network, was the standout performer, surging 42.5% over the past…

Shayne Coplan, founder and CEO of the blockchain-based prediction market Polymarket, has become the world’s youngest self-made billionaire, according to the Bloomberg Billionaires Index. The milestone follows Intercontinental Exchange (ICE) announcing Tuesday that it would invest as much as $2 billion in the company at an $8 billion pre-money valuation. ICE owns the New York Stock Exchange, one of the world’s most powerful financial institutions.Coplan, now 27, launched Polymarket in June 2020 after spending a year studying how prediction markets could improve decision-making. The platform lets users wager on real-world outcomes, from elections to sports to economic indicators, using cryptocurrency.Polymarket’s…

Bitcoin faced a swift correction below the $125,000 level after reaching a new all-time high of $126,200 on Monday, triggering widespread volatility across the market. The price retraced over 4% to around $120,000, liquidating millions in leveraged positions as traders anticipated further upside. The move caught many off guard, especially after days of strong momentum and renewed optimism that Bitcoin was preparing to enter another price discovery phase. Related Reading Despite the pullback, key on-chain data reveals a contrasting trend beneath the surface — a massive accumulation by US investors. Analysts note that while short-term traders faced liquidations, spot demand…