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Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced that it has officially secured the Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE). Bybit becomes the first crypto exchange to obtain this full license from the SCA, marking a historic milestone in the nation’s vision to establish itself as a global digital asset hub. This licensing brings along with the full product capability of Bybit’s existing global products and services into compliance. This symbolic milestone demonstrates Bybit’s assurance to users that it is committed to high standards of…

Crypto chartist Dark Defender says XRP’s current monthly structure has flipped back to the same high-momentum regime that preceded its 2017–2018 vertical run, arguing that a fresh impulsive wave is underway after last year’s breakout. In a detailed thread accompanying a multi-year monthly chart, the analyst urged followers to segment XRP’s history into “Left – Middle – Right,” contrasting a 2017 impulsive setup, a 2021 corrective detour, and what he calls today’s renewed continuation phase. XRP Is Repeating 2017 On the left side of the chart, Dark Defender highlights the 2017 template: candles closing above prior highs, price holding above…

Hedera Hashgraph’s HBAR token fell nearly 5% from $0.22 to $0.21 between Oct. 8 and 9 as institutional caution deepened amid ongoing regulatory uncertainty. Volatility surged to 5.4%, with heavy selling between 01:00 and 08:00 on Oct. 9 pushing volumes above 100 million units per hour. Analysts cited strong resistance at $0.22 and institutional support near $0.21 as key technical levels.The final hour saw accelerated losses, with HBAR slipping another 0.85% to $0.212. A brief recovery attempt at $0.215 quickly failed, and trading volume collapsed to zero in the closing minutes—signaling either technical issues or a complete institutional retreat.The selloff…

Stellar’s XLM token extended its downturn over the past day, sliding 5% from $0.39 to $0.38 between October 8 at 15:00 and October 9 at 14:00. The selloff came amid heavy institutional activity, with volumes reaching 35.51 million — well above average levels — confirming strong distribution pressure.The breakdown below the key $0.38 support level marked a clear shift in sentiment as trading intensified within a narrow $0.019 range. Market structure analysis showed a descending channel pattern forming, with repeated rejections near $0.38 suggesting sustained bearish control.During the final hour of trading, from 13:13 to 14:12 on October 9, XLM…

Key takeaways:Bitcoin retained range-bound trading above $120,000 after an 8% leverage reset in futures.Spot demand and declining open interest point to renewed buyer confidence.The MVRV ratio signaled a potential 15% to 25% upside, targeting $140,000 to $150,000 by the end of Q4.Bitcoin (BTC) continued to range trade between $120,000 and $125,000 after a sharp, but orderly, deleveraging across futures markets, suggesting that $120,000 could emerge as a key demand zone for traders in the short term.According to market analyst Skew, Bitcoin’s recent rebound from the $120,000 level underscored buyer bids at that range. Spot market data from Binance indicated an…

Key points:Bitcoin risks new October lows as sellers regain control and BTC price discovery gets put on hold.Targets include the local range lows at about $108,000 amid bearish divergences.Strength is lacking as daily losses near 3%.Bitcoin (BTC) neared weekly lows after Thursday’s Wall Street open as sellers kept bulls away from price discovery.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBitcoin “likely” to give way to shorts nextData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping below $120,000.Down nearly 3% on the day, the pair continued to slice through bid liquidity on exchange order books.“Market does still quote bid liquidity around $121K-$120K but…

As the United States and other countries weigh the prospect of building national cryptocurrency reserves, new research from Chainalysis suggests governments may already be within reach of tens of billions of dollars in potentially recoverable onchain assets — a development that could intersect with those reserve discussions.In a report published Thursday, Chainalysis estimated that crypto balances linked to illicit activity exceed $75 billion. That total includes roughly $15 billion held directly by illicit entities and more than $60 billion in wallets with downstream exposure to those entities.The blockchain analytics company said darknet market operators and vendors control more than $40…

An attacker violently robbed a Tel Aviv resident of nearly $600,000 worth of cryptocurrencies in his home. The victim was bound and tortured until he surrendered the passwords to his digital wallets. The perpetrator has since been arrested and charged with the crime. Sponsored SponsoredViolent Crypto Robbery Shocks IsraelIsrael experienced one of its most violent crypto-related crimes last month after three suspects followed a man home, bound him, and tortured him until he surrendered his Bitcoin, stablecoins, and crypto wallets. Murad Mahajna, a Tel Aviv resident and the main suspect, allegedly planned to rob a Herzliya resident after learning the victim owned Bitcoin. According…

In brief Digital asset treasury company Safety Shot Inc., is set to rebrand itself to Bonk, Inc. on Friday. The firm says its part of a crucial shift into the “digital asset space” as it looks to “evolve” its plans and “sell off any unnecessary assets.” Its stock is up 37.65% over the past 5 days, as it acquired 2.7% of the total circulating supply of BONK. A beverages company turned meme coin treasury is set to rebrand from Safety Shot, Inc. to Bonk, Inc. on Friday. The firm says the shift—which will see the firm trade via the ticker…

Key takeaways:Strong ETF inflows and accumulation across all BTC investor groups suggest the rally is just getting started.Spot Bitcoin ETFs saw $2.2 billion in net inflows over one week — the second-largest ever.A rare “cylinder” chart pattern suggests $450,000-$500,000 is in play this cycle.Bitcoin (BTC) traded with high volatility on Thursday as uncertainty gripped the market ahead of Fed Chair Jerome Powell’s speech at the 2025 Community Banking Research Conference in Kansas City.Macro triggers aside, however, onchain and technical metrics suggest that Bitcoin’s “supercycle” is just beginning, according to analysts.Spot Bitcoin ETF inflows provide “durable tailwinds”Bitcoin has displayed exceptional bullish…