Market Signal Briefing

A logo is pictured on an electric car at the Tesla Inc. vehicle facility in Costa Mesa, California, U.S., November 1, 2023. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab

ROME, Oct 1 (Reuters) - Tesla's

(TSLA.O), opens new tab new car registrations in Italy fell for a fifth month in a row in September, posting a 25.6% year-on-year drop, data from the Italian transport ministry showed on Wednesday.

The U.S. electric vehicles maker sold 1,450 cars in Italy last month, accounting for a market share of around 1.1%.

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In the January-September period, it sold 12,996 new vehicles, down 32.36% from the same period of 2024, and equal to a market share of 1.08%.

Reporting by Alvise Armellini, editing by Gavin Jones

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Keurig Dr Pepper Inc. KDP has delivered strong results in the second quarter of 2025, showing that its mix of classic brands and new ventures are working well. The company is facing challenges like tariffs, higher costs and careful spending by consumers, but it continues to grow by focusing on innovation, expansion and customer demand.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

KEY TAKEAWAYS
Berkshire Hathaway is reportedly close to finalizing a $10 billion deal to buy OxyChem, the petrochemical division of Occidental Petroleum.The deal would be the conglomerate's biggest since its $11.6 billion purchase in 2022 of insurer Alleghany.

Berkshire Hathaway (BRK.A, BRK.B) is reportedly close to a $10 billion deal to buy the petrochemical division of Occidental Petroleum (OXY), in what would be the largest deal by Warren Buffett’s conglomerate since 2022.

Buffett, according to the Financial Times and The Wall Street Journal, is already the largest shareholder in Houston-based Occidental. Berkshire’s 2022 purchase of insurer Alleghany for $11.6 billion was the last major deal for the conglomerate, which has been growing its cash pile lately by unwinding shares in companies like Apple (AAPL) and Bank of America (BAC), rather than making big-ticket acquisitions.

According to the reports, citing people familiar with the matter, talks for the conglomerate to buy OxyChem could be completed within days. The OxyChem deal would be Buffett’s second big bet on chemicals after Berkshire Hathaway's acquisition of Lubrizol in 2011, the reports said.

Why This Is Significant
With the "Oracle of Omaha" set to step down as CEO at the end of the year, investors are closely watching Warren Buffett's moves at the helm of Berkshire Hathaway to gauge its strategy. The company has a record $344 billion cash pile and has held off on large acquisitions in recent years, so this potential deal is of special interest to investors.

Berkshire had a record cash-and-equivalents pile of $344 billion at the end of June, while debt-laden Occidental has been selling noncore assets to raise cash. Lofty valuations have made it difficult for Buffett, known for being a value investor, to deploy that cash, including buying back its own stock.

The 95-year-old Buffett, known as the "Oracle of Omaha," is planning to retire from his role as CEO at the end of the year, with Greg Abel set to take over. 

Shares of Occidental Petroleum, which entered Wednesday down 4% this year, were little changed in recent trading. Berkshire Hathaway's shares were about 1% lower but have gained nearly 10% since the start of the year.

Occidental and Berkshire Hathaway did not immediately respond to Investopedia's requests for comment. 

Do you have a news tip for Investopedia reporters? Please email us at

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The U.S. federal government shut down one minute into October, bringing with it uncertainty about jobs and the economy.

PEPE Meme Coin Jumps 6% as Trading Volume Triples and Whale Activity BuildsPEPE's price is now supported near $0.00000900, with resistance around $0.000009681, and open interest for PEPE futures has risen to near $600 million. Oct 1, 2025, 2:43 p.m.

Meme-inspired cryptocurrency PEPE has seen its price jump more than 6% in less than 24 hours as traders piled in during a breakout rally that saw trading volumes nearly triple, according to CoinDesk Research's technical analysis data model.

The token rose from $0.000009138 to $0.000009627 during the session, with volatility expanding over 7%. Volume surged to 5.61 trillion tokens, far above the 1.89 trillion daily average, pushing the price through established resistance and holding above $0.000009600 by the close of the move.

STORY CONTINUES BELOW

The rally came amid a broader shift in the crypto market. The broader CoinDesk 20 (CD20) has risen by more than 4.3% over the past 24-hour period.

Some of the capital entering the market appears to have flowed into high-risk altcoins like PEPE and speculative presale projects, lifting prices across the memecoin space. The CoinDesk Memecoin Index (CDMEME) saw a near 5% rise in the same period.

According to data from Nansen, PEPE’s price rally comes after whale accumulation took over in the last 30 days. The top 100 non-exchange addresses on Ethereum have added 3.4% to their holdings in the period, while exchange wallets saw a 2% drop in PEPE holdings.

Support now sits near $0.00000900, with resistance forming around the session high of $0.000009681. Price consolidation toward the end of the rally may hint at another move ahead.

Open interest for PEPE futures products has meanwhile kept on rising to now stand near the $600 million market according to CoinGlass data.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

More For You

Total Crypto Trading Volume Hits Yearly High of $9.72T

Sep 9, 2025

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025

What to know:

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platformOpen interest across centralized derivatives exchanges rose 4.92% to $187 billionView Full Report

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Risks Ahead for Crypto in Q4 Even With Macro Tailwinds: Grayscale

28 minutes ago

The firm's analysts said Fed rate cuts and regulatory momentum support digital assets, though slowing growth and political roadblocks could weigh on valuations.

What to know:

Grayscale said Fed rate cuts support risk assets like bitcoin, but warned that slowing GDP growth, geopolitical tensions or a surprise policy reversal could pressure valuations.Analysts pointed to potential staking-enabled ETPs, new altcoin products and Senate action on a market structure bill as possible tailwinds for adoption.Much of the optimism is already priced in, meaning delays or setbacks on policy or product approvals could act as downside risks for crypto markets, the report warned.Read full story

XRP/USD daily price chart. Source: TradingView
From here, the falling wedge setup points toward a technical target around $3.84, roughly 30% higher than current levels. The target is calculated by measuring the maximum depth of the wedge and projecting it from the breakout point.

Momentum indicators also favor the bullish case. The relative strength index (RSI) has rebounded from neutral levels near 50, suggesting renewed buying interest.

XRP is also reclaiming its 50-day exponential moving average (50-day EMA; the red wave) as support, while the 200-day EMA at $2.61 continues to underpin the long-term uptrend.

October Brings High-Stakes Catalysts
October could also prove decisive for XRP beyond charts. Between Oct. 18–25, the SEC is set to rule on six spot XRP ETF applications, including those from Grayscale, 21Shares, Bitwise, Canary, WisdomTree, and CoinShares.

October has arrived. Here is what we are looking forward to this month $XRP community! Insane growth ahead for the entire ecosystem, adoption, etc. pic.twitter.com/pU8dtosZ9Y

An astronomical rise to $20 or a price correction: what Q4 has to offer for XRP?

The fourth quarter of the year has historically not been as successful for XRP as the third. However, in the following lines, we will examine some optimistic forecasts that suggest the asset could reach a new price record in the next three months.

Is XRP Gearing up for a Final Push?
2025 has so far been more than positive for Ripple’s native token, whose price tapped a new all-time high of over $3.65 in the summer. Despite the retreat in the following months, XRP remains well in the green year-to-date, while some analysts believe the last quarter could bring even greater gains.

Cobb, an X user with almost 200,000 followers on X, predicted the valuation could explode to $6.32 within that period. Amonyx is even more bullish, setting a target of $20 by December. It is important to note that such a rally would require XRP’s market cap to exceed $1 trillion. Currently, the entire capitalization of the crypto sector is just north of $4 trillion, making the forecast quite implausible.

Although not outlining an exact price point, the X user CRYPTOWZRD also contributed. The analyst claimed that XRP’s recent consolidation is identical to the one from 2017, which was followed by a major pump.

“XRP is mirroring the 2017 Bull Run, it’s getting ready for its final parabolic move into price discovery.. It’s a question of when, not if.”

Meanwhile, Moon Lambo noted that Ripple’s cross-border token wrapped up Q3 with its strongest quarterly close ever. This marked the fifth consecutive green quarter for XRP, but some X users warned the next one might not favor the bulls.

“That makes 5 consecutive green closes. Next quarter closes red, more than likely deep red. Please, someone point out any time in the past we’ve had 5 green quarters, and a 6th followed… I’ll wait,” one person said.

The Peak is Yet to Come?
According to Google Trends, the recent searches involving XRP are far below the spike witnessed towards the end of 2024. This means that investors are not fully engaged with the asset, and historically, price records and cycle tops have aligned with spikes in retail interest. Of course, this is not guaranteed, but it is worth paying attention to.

Interest in XRP, Source: Google Trends
Lastly, we will examine the recent exchange netflows, which have been predominantly negative. This indicates that investors have shifted their holdings toward self-custody methods, which reduces the immediate selling pressure.

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Ripple (XRP) Breakout Delayed? Bearish Signals Suggest Further Downside Testing

$1 Billion Liquidation Storm Hits as BTC, ETH, XRP Collapse

XRP’s Perfect Support Test Hints at a Potential Breakout Ahead

XRP Exchange Netflows, Source: CoinGlass

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In an interview with CoinDesk, OpenSea’s Adam Hollander shares about the platform's revamp plans. Oct 1, 2025, 2:54 p.m.

Once the face of non-fungible tokens (NFTs), OpenSea is in the middle of a reinvention. The marketplace that helped turn digital collectibles into a global craze is now trying to position itself as a Web3 home where users can seamlessly trade not just NFTs but also tokens and, eventually, a broader range of DeFi activity and other on-chain assets.

Earlier this year, OpenSea announced that it would be coming out with a SEA token, creating much anticipation around what the token would be used for and what the platform would become. Little is known about the token, but OpenSea’s CMO Adam Hollander shared that the OpenSea Foundation would release more details in early October.

STORY CONTINUES BELOW

In this conversation with CoinDesk, Hollander discusses how the platform is expanding beyond NFTs, the long-delayed SEA token, and the challenge of keeping both longtime users and newcomers engaged in an increasingly crowded crypto market.

CoinDesk: With the rebrand of OpenSea, who are you trying to compete with and where is this pivot heading?

Adam Hollander: I would say we broadly want people to view OpenSea as their Web3 home, which means that you should be able to easily trade any type of asset across any chain or wallet extremely seamlessly and easily, regardless of your level of experience in crypto.

So if you are somebody that is in the trenches trading every day, then we have a lot of very robust features for you. And if you're somebody that doesn't have a lot of experience in crypto, then we're going to be building a lot of very easy to use seamless features to onboard you into crypto and make sure that you can experience what it's like to trade tokens, NFTs, other types of assets on-chain.

So if you are moving away from the NFT marketplace and include trading on the platform, what are some of those features you mentioned that will be available?

We are the world's largest NFT marketplace. We expect we will always be the world's largest NFT marketplace, and we care very deeply about that customer base and creators and artists and so we are not moving away from NFTs. We are evolving and expanding our platform so that it can be a single place where you can come and trade anything. Now the natural evolution of that over the last few months has been token trading, and so you can already come to OpenSea, and you can trade fungible tokens now across 22 chains extremely seamlessly

But we are building new features, literally, by the day.

I wouldn't say that our vision is limited to just tokens and NFTs, there are a variety of really interesting things that people are doing now on-chain with real world assets and tokenization of things in the real world, anything from pokemon cards to real estate.

And not to say that OpenSea has immediate plans in any one of these particular places, but we are viewing this as a single place that you can call your web3 home for virtually anything that you would be doing on-chain.

Given that NFT volume is not near the highs it once was, and given that the exchange market has become so saturated, how do you plan to keep up?

The volume today for NFTs is not what it was at the peak when, literally, Jimmy Fallon and presidents and everyone else were talking about NFTs every day. That being said, there were several billion dollars of volume in just Q1 of this year alone on NFTs. And so it is a vibrant market.

We are actually seeing significant upticks in that market over the course of the year. And when it comes to token trading and memecoins, and everything else that happens on-chain, outside of NFTs, there are hundreds of billions of dollars of volume that are happening in market, and OpenSea is seeing significant growth.

Since we launched our new rewards program, we've seen almost 400% growth in volume just on OpenSea, and that's really exciting for us, because it means that we have built an incredible product.

The airdrop announcement came from the OpenSea foundation 10 months ago. It hasn’t been released yet, so why have people been waiting so long?

The foundation is releasing the token. I would likely challenge the assumption that tokens are supposed to be released quickly from the day that they're announced. There are lots of examples of tokens that have been hinted at or even formally announced and didn't actually come out for years subsequent and I would say there's no right or wrong way to do this, other than, of course, to validate that everybody wants it to happen immediately, because everybody's very excited about being rewarded for all of the time and energy and loyalty and volume that they drove through a site like OpenSea.

I would simply say to you that it's very important for the OpenSea foundation that this is not a memecoin to be released and forgotten. If you look at the majority of coins to your example, they tend to go up into the right very quickly, and then they immediately go down into the right very quickly.

And most of them, we're not really talking about anymore, and that's because they don't really serve a purpose. They weren't released for any particular reason other than the company decided, let's launch a token. And people are always excited about the opportunity to have free money dropped on their heads, but at the end of the day, what's important for us is that SEA token needs to be an integral part of the OpenSea ecosystem.

We are being very deliberate in our creative discussions with the foundation around ways that that can transpire, and a lot of what we're trying to do is innovative, and a lot of what the foundation is planning simply takes time.

We believe that we will release our token when the time is right to release it. That goes for what's right for OpenSea, what's right for the community, what's right for macro factors. There's a number of calculus that go into that. When we release it, we believe the market will appreciate that the foundation and OpenSea have been extremely thoughtful and deliberate about the way that this token should exist as a part of our ecosystem not as a memecoin to be released and forgotten, and hopefully as something that has a lot more staying power than the tokens people are used to seeing airdropped.

There has been some chatter online from OGs who may be angry at newcomers who might come onto the platform and find ways to get free money, while the OGs have stuck around for years might not get their fair share.

How do you balance bringing on new users on the platform and incentive them to stay on post airdrop while also keeping your original users engaged who may feel like the new folks are looking for ways to make fast money?

We of course, appreciate all of the historical users that have driven volume through OpenSea in the last seven to eight years, and we have a plan where we see those individuals, and the Foundation believes that it's going to be able to reward them appropriately.

We also as a business, need to have people continuously using the platform and leveraging it today as one of their main tools in crypto, and we also believe that we're going to be able to effectively reward people that are participating with our platform today and participating in our different phases of rewards. And so I would simply say that it does not serve OpenSea or the Foundation well to have entire cohorts of customers, whether it's our long-term most loyal customers upset, and it also does not serve us well to have people that are using the platform actively today upset.

And so we have a number of plans in place that we think we're going to be able to do a very good job at rewarding everybody in an effective way. I can't speak to the details of that, other than to say, You know what we've said in our announcements, that if you've been on OpenSea for years and you've driven a lot of historical volume, we see you, you are not forgotten. And if you're using the platform today and you're participating in our rewards programs, then you will be meaningfully considered by the Foundation at TGE.

Read more: OpenSea Teases SEA Token With Final Phase of Rewards Amid App Launch

More For You

Total Crypto Trading Volume Hits Yearly High of $9.72T

Sep 9, 2025

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025

What to know:

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platformOpen interest across centralized derivatives exchanges rose 4.92% to $187 billionView Full Report

More For You

PEPE Meme Coin Jumps 6% as Trading Volume Triples and Whale Activity Builds

39 minutes ago

PEPE's price is now supported near $0.00000900, with resistance around $0.000009681, and open interest for PEPE futures has risen to near $600 million.

What to know:

PEPE's price surged 6% in less than 24 hours to $0.000009627, with trading volumes nearly tripling to 5.61 trillion tokens, as traders piled in during a breakout rally.The rally was part of a broader market shift, with the CoinDesk 20 (CD20) index rising 4.3% and the memecoin space seeing a 5% gain, driven in part by whale accumulation.PEPE's price is now supported near $0.00000900, with resistance around $0.000009681, and open interest for PEPE futures has risen to near $600 million.Read full story

The Treasury Department is preparing to formally exempt crypto holdings from the Corporate Alternative Minimum Tax, eliminating a potential multibillion-dollar tax liability for companies like Strategy that holds approximately 640,031 Bitcoin worth over $74 billion with unrealized gains of over $27 billion.

TrustWallet transformed from annual eight-digit losses to eight-digit profits, proving its business model sustainable.CEO Eowyn Chen revealed Solana support, pioneering non-EVM account abstraction for wider blockchain integration.With profits and partnerships, TrustWallet now targets onboarding one billion users by 2030 globally.Eowyn Chen, CEO of TrustWallet, sat down for an interview during Token2049 Singapore at the main event venue. She leads one of the crypto industry’s most-used wallets globally with millions of active users. Her vision extends beyond crypto-native users to compete with traditional fintech giants like PayPal and Revolut.

Chen shared TrustWallet’s transformation from losing eight-digit dollars annually to achieving eight-digit profits in 2024. She discussed ambitious plans, including the Trust Moon accelerator, advanced security measures, and strategic blockchain integrations. She exclusively revealed TrustWallet’s upcoming Solana support—the first account abstraction feature on non-EVM chains.

Sponsored

Sponsored

TrustWallet recently unveiled a bold new roadmap to onboard 1 billion users by 2030. Could you elaborate on the core strategies or products to achieve this goal?
The core goal to make this achievable is to take on bigger challenges. For the next five to ten years, we’re going to compete not just in the crypto world but with the FinTech world—meaning I’m no longer looking at MetaMask or Phantom as competitors, but I’m looking at PayPal and Revolut. That will be the following territory for us as a crypto retail product. Once we enter that kind of competition and territory, it will be a one-billion-user-based competition and opportunity.

With the Trust Moon Web3 accelerator launch in partnership with Binance’s YZi Labs and AWS, how does TrustWallet plan to foster new developer and ecosystem innovations? What role do partnerships play in this strategy?
Partnerships are very, very important. YZi Labs, Binance, Plasm Chain, and different chain ecosystem partners, even AWS—all our partners, because we serve projects in various ways. AWS services from the cloud and database aspects. But as a wallet, we’re the last mile for a project to test their product market fit and community acceptance with the users. It takes a village to raise a child. We’re trying to take a village in the crypto industry to raise a project so they can grow better. For TrustWallet, we give them the last mile user-facing guidance and platforms—the showroom where they can do a show. We’re pursuing expanding the partnership of the TrustWallet accelerator.

TrustWallet’s recent security upgrades, like advanced scam detection and transaction filters, set a new standard for wallet protection. What impact have these measures had, and how does security shape your product vision?
Security is always the foundation. When security breaks, people feel the pain and leave. The key has been to educate users and make the right decision—bringing users along so they know what they’re doing to prevent mistakes that fall into scams or hacks. Those prevented about 460 million tokens sent to scammers year to date so far. People don’t know that the majority of money lost was more to scams, so it’s about helping everybody be more securely aware in an easily understandable, informed way. For example, clear signing means people can understand what they are interacting with—you’re sending to A and giving them unlimited access—so people can make informed decisions. The token page shows what security providers say about risks in green, orange, and red related to concentration or contract issues.

TrustWallet now supports over 100 blockchains, including many non-EVM chains. How has your approach to blockchain integration evolved, and how do you balance breadth versus depth in such a multi-chain environment?Sponsored

Sponsored

We used to take a broader strategy—whenever chains came in, we integrated with them. That was the assumption between 2019 and 2023. But now it’s different. It’s tough for any new chain to be the next general-purpose Ethereum or Solana anymore—they need to figure out their product market fit strategy earlier to go niche. We learned from integrating with 100 chains, and 90 of them don’t have traction or die. Now it’s no longer just “as many as possible.” We will start to select and pick what we think will ultimately interest users and might likely have a success rate.

TrustWallet’s business has transformed dramatically—from significant losses in 2022-2023 to 8-digit profits in 2024. How did you make this shift happen, and what does this mean for TrustWallet’s future?
When I first joined in 2022, we lost 8-digit dollars per year. The strategy was all about user growth, trying to grow as big as possible. But, for a business, it was like, hey, we got a sugar daddy that will fund us, and then we need to grow bigger to become teenagers. It’s like raising a kid—when they become teenagers, you teach them how to stand on their own feet, make better decisions, and survive. Between 2022 and 2023, it was about how we transition from the teenage years to be ready to leave. In 2024, we earned 8-digit profits in USD values. That’s why we can comfortably say TrustWallet is a great player in the Binance BNB Chain ecosystem.

In June 2025, TrustWallet introduced tokenized US stock and ETF trading via a partnership with Ondo Finance. How does this fit your vision for a versatile, all-in-one crypto wallet platform, and what have you learned from this experiment so far?
The thesis is pretty simple: if blockchain is ultimately the financial infrastructure, it doesn’t matter if it’s initially crypto or traditional financial assets. If it has value, how can you use the blockchain infrastructure to be more efficient, effective, and accessible? I’d rather trust that TrustWallet as a platform gives people new opportunities at the forefront and allows projects to test if they can have the product-market fit.

You recently announced a new roadmap with TWT playing an integral role. What’s your vision for wallet tokens, especially as competitors like MetaMask and Rabby introduce their own tokens?
Two weeks ago, we announced the new roadmap, and TWT will play an integral part in tying all the features together. The next day, Joe Lubin was leaking that MetaMask will have a token, and Rabby was teasing that they will have a token in Q4. We will start a new wallet era, potentially leading with different tokens. Traditionally, wallets are seen as tools, and not many industries can do decentralized front-end products with effective tokenomics. It would be interesting to experiment with how to merge Web2 loyalty reward programs with Web3 stakeholder interests and benefits. We will soon support Solana, the first account abstraction feature on non-EVMs.

Disclaimer

In compliance with the Trust Project guidelines, this opinion article presents the author’s perspective and may not necessarily reflect the views of BeInCrypto. BeInCrypto remains committed to transparent reporting and upholding the highest standards of journalism. Readers are advised to verify information independently and consult with a professional before making decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Crypto analyst Trader Mayne is cautioning that Bitcoin may be setting up for a sharper drawdown before resuming its broader uptrend into year-end, arguing that a “$98,000 weekly liquidity level” sits uncollected below price and could be targeted early in October.

Two Price Scenarios For Bitcoin
In a video analysis posted on September 30 titled “Did Bitcoin Just Top? The Signal Everyone’s Ignoring…,”Mayne outlined a two-track playbook: a tactical long on a lower-timeframe liquidity sweep that could precede a deeper correction, and, if that setup fails, a decisive flush that takes out $98,000 before a fourth-quarter continuation higher.

“TLDR — I think we are due for a larger correction soon, to take out the $98k weekly liquidity level,” Mayne wrote in his teaser via X, adding that “there may be a short term long set up that precedes that correction” and that he still expects higher prices in Q4, making “an early dump…a buying opp.”

Bitcoin price scenario to $98,000 | Source: YouTube @Trader Mayne
On Bitcoin’s structure, Mayne said the market has respected his recent roadmap: a push up, a retest, and now a decision point defined by higher-timeframe “breaker” levels and intraweek lows. “We had the daily flip bullish on Bitcoin, right? We closed above the breaker,” he said, noting that while the monthly chart is also constructive, “the weekly chart is technically bearish.”

With two higher timeframes leaning bullish against a soft weekly, he is looking to the four-hour chart to synchronize the next trade. “If the H4 is bullish, which it is, if I take a setup on some sort of liquidity run on the H4, that’s going to sync me back up with the daily at least.”

The immediate trigger, in his view, is a sweep of local lows to tighten risk rather than “aping” into a broad retest with a wide invalidation. “I would like to see one of these H4 little liquidity pools here get run and then…that becomes my setup and my stop is tight. I have clear targets over here,” he explained.

He highlighted “Monday’s low” as a relevant pivot that, if taken, could produce a mean-reversion long into a nearby daily bearish breaker and prior highs. “Maybe we even run this first, right? And then get the pullback. But either way, that’s what I’m looking for on Bitcoin here.”

Bitcoin price analysis, 4-hour chart | Source: YouTube @Trader Mayne
Mayne underscored that invalidation is non-negotiable. If price loses the intraweek baseline on a closing basis, he abandons longs and prepares for a larger washout. “If Bitcoin gets an H4 close below here…we’ll probably nuke to $98,000,” he said, tying the trigger to a failure back below Monday’s low and the range floor. In other words, the same liquidity dynamics he seeks to exploit for a tactical bounce could, if they break, accelerate the “$98k” clean-out he believes the weekly chart still “owes.”

One Last Dip Before Q4 Fireworks
He mapped the Ethereum structure as analogous, with the daily and 12-hour trends flipping constructive into a weekly order block, but with the same need for a precise entry via a low-timeframe liquidity grab. “ETH very similar, right? We had the daily flip bullish…we’ve got the breaker. It’s retesting this order block here,” he said. He described an H12/weekly combination where a “weekly SFP” and “structure break” are in motion, but stressed placement of the stop remains “tricky” unless a Monday-low sweep offers a cleaner trigger. “To me, ETH looks good here to fill in some of this…assuming we can get that setup,” he added.

The conditional nature of the plan is central. Mayne is willing to attempt continuation longs into nearby resistance if and only if the market prints the sweep that tightens his invalidation. Failing that, he expects downside first. “If we don’t get this little setup to here, I think there’s a very strong chance that we’re going to, you know, at least do one of these, right? and nuke this liquidity here and then get the real move up,” he said. He reiterated the timeframe check: “If we get an H4 close below Monday’s low [near $111,000]…all bets are off and we might actually start the month of October down.”

Despite the caution, the macro-tactical stance remains buy-the-dip for Q4. Mayne repeatedly framed any early-October weakness as an opportunity rather than the start of a cyclical top. “Ultimately, I’m of the mindset that…this dip that may come, whether it’s from right here or after a push higher…is a dip we want to buy ’cause we’re in the endgame here,” he said. “It’s October, November, December. We’re in Q4… I believe we trade higher in Q4.”

At press time, BTC traded at $116,238.

BTC recovers above $116,000, 1-day chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

In brief
Gabriel Haines often posts shirtless rants about crypto on X.
He has raised money to film a pilot for a dark comedy based on industry happenings.
The protagonist of "The Max Extractor" is loosely inspired by Libra co-creator, Hayden Davis.
When a meme coin crisis befell Argentine President Javier Milei in February, Gabriel Haines told Decrypt that he was enthralled. Over half a year later, the controversy’s scope is still developing, but the comedian and podcaster is bent on folding elements of it into a TV pilot.

Haines has honed his talents for years on X. But the individual, who often posts videos of himself ranting about crypto-related topics—while shirtless and holding a machete—said that he has raised $150,000 to create the first episode of a series mixing crypto and crime.

Taking inspiration from dramas like "Breaking Bad" and "The Sopranos," the show is being called “The Max Extractor,” according to a pitch deck shared with Decrypt. The plot centers on an entrepreneur who loses everything trading cryptocurrencies on leverage, and while trying to project a successful image that’s actually hollow, makes regretful choices to pay debts owed to shady characters.

Haines said the show’s protagonist is loosely based on Hayden Davis, the 28-year-old CEO of Kelsier Ventures, who helped First Lady Melania Trump introduce a meme coin and advised Milei on the ill-fated Libra token, which plunged not long after the far-right leader’s promotion of it on X.

Milei has distanced himself from Libra, but crypto research firm Nansen said that traders lost $251 million on it, leaving what Haines views as a novel canvas for fiction.

“It’s not exactly clear what happened, but somehow the president of Argentina was promoting this shitcoin, and Hayden was involved,” he said. “I was really inspired by that.”

Argentina’s anti-corruption unit cleared Milei of wrongdoing in June, but a congressional commission pushed forward with an investigation on Tuesday, according to ámbito. Davis, among others, is fighting a class-action lawsuit being led by crypto law firm Burwick Law in New York.

As bizarre as the cryptosphere may be at times, Haines wants the show to feel realistic and authentic, providing an inside look at how scams and hacks propagate. Haines said that goal has gotten some pushback from prospective backers, but it hasn’t made a difference.

“If you want to say that cryptocurrency is this shining horse, ‘an angel from on high,’ you’re bullshitting,” he said. “You have this permissionless open platform that has a lot of different things going on that most people do not understand.”

In the same way that Margot Robbie unpacks subprime mortgages in "The Big Short," Haines wants "The Max Extractor" to capture the intricacies of blockchains in an entertaining way. Documentaries aside, that’s pretty hard to come by, he argued.

Haines tapped Sullivan Slentz, who helped create a commercial for a DeFi project that Haines appeared in, as the show’s director. Its cast is still being decided, but the two are hopeful that their pilot episode will be finished by February.

In recent years, Haines has been an announcer for Karate Combat, a crypto-fueled fighting league. In 2022, following the collapse of crypto exchange FTX, Haines crowdfunded $10,000 through a platform called Juicebox to search for its disgraced CEO in the Bahamas (with his family).

That endeavor drew over 60 supporters. His current effort is being bankrolled by around a dozen, he said. The show is also sponsored by genzcash, which bills itself as the “memetic warfare division” of privacy-focused coin Zcash, he added.

Haines said other backers include Gabriel Shapiro, CEO and founder of MetaLeX, an advisory on crypto governance; Anil Lulla, CEO of Delphi Digital, a crypto research firm; and Solana-based automated market maker DeFiTuna.

The comedian is far from striking a deal with the likes of HBO, but it might not be too long before Haines offers a closer look at what's coming. He plans on turning behind-the-scenes content into a vlog.

“The bottom line is, unless there is an audience for this, there’s no future,” he said. “I'm not an expert in almost anything, but there’s one thing that I can say I have at least a little bit of knowledge in, and that’s video. I’ve made so many.”

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Wed, 1/10/2025 - 15:05

Michael Saylor reveals that Strategy escaped massive $4.1 billion IRS tax on unrealized Bitcoin gains

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Michael Saylor announced that Strategy will not be subject to the 15% Corporate Alternative Minimum Tax (CAMT) following new guidance from the Treasury and IRS. The update, published on Sept. 30, says that unrealized gains and losses on digital assets do not count when calculating adjusted financial statement income (AFSI).

This is a big change for Strategy, which had thought it would be part of CAMT starting in 2026. The concern came from the company's significant Bitcoin holdings.

As a result of Treasury and IRS interim guidance issued yesterday, Strategy does not expect to be subject to the Corporate Alternate Minimum Tax (CAMT) due to unrealized gains on its bitcoin holdings. $MSTR https://t.co/DEgluG8oEN

— Michael Saylor (@saylor) October 1, 2025 As of the end of September, Strategy had 640,031 BTC, worth $74.62 billion. With an average purchase price of $73,981 per coin, the company is sitting on an unrealized gain of 57.6%. 

Thus, by excluding unrealized Bitcoin gains from CAMT, Strategy avoided an estimated $4.1 billion tax hit.

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Under the old rules, those gains would have been included in AFSI and triggered the tax.The new guidance gets rid of that risk. For Strategy, it means that billions in unrealized profits will not be taxed at a minimum rate of 15%. 

Numbers behind StrategyWhen it comes to CAMT calculations, only realized income is really important. The company's financial profile now shows a basic market cap of $92 billion, a diluted figure of $102 billion and an enterprise value of $106 billion, all without an added tax drag from paper gains.

Now that the regulatory threat has been lifted, Strategy can keep on accumulating BTC without worrying about punitive taxes on volatility. The company's outlook is closely linked to the performance of the Bitcoin market, and there are no artificial barriers affecting the balance sheet.

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Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The middle of the week has turned out to be bullish for most of the coins, according to CoinStats.

ETH chart by CoinStatsETH/USDThe rate of Ethereum (ETH) has gone up by 3.42% since yesterday.

Image by TradingViewOn the hourly chart, the price of ETH is near the local resistance of $4,329. If the daily bar closes around that mark, the upward move is likely to continue to the $4,400 zone.

Image by TradingViewOn the longer time frame, the rate of the main altcoin has broken the resistance of $4,235. 

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If bulls can hold the initiative, and the candle closes around the current prices or above them, the accumulated energy might be enough for a move to the $4,400-$4,500 range.

Image by TradingViewFrom the midterm point of view, the price of ETH is far from key levels. Thus, the volume is low, which means there are low chances of seeing sharp moves over the next few weeks.

Ethereum is trading at $4,300 at press time.

Wed, 1/10/2025 - 15:13

XRP traders face brutal 1,475% liquidation imbalance as bulls now in control

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Those crypto enthusiasts involved in XRP trading just witnessed one of the most one-sided squeezes in recent memory, with short sellers carrying almost the entire weight of liquidations over the last four hours.

According to derivatives data from CoinGlass, $2.61 million worth of XRP positions were wiped out in that time period, but the split shows what really happened behind the scenes as barely $166,000 came from longs, while shorts accounted for $2.45 million.

Source: CoinGlassThat is a 1,475% imbalance that left the bearish side completely underwater. 

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Such an extreme gap rarely passes unnoticed on the market, and price history shows that when shorts absorb this scale of damage, the follow-up sessions often see a wave of new momentum longs entering to press the advantage until it is their time to get liquidated.

XRP price causes bullish disruptionThe setup was a classic one, with the XRP price first drifting between $2.80 and $2.90, luring in traders who expected another dip. Yet instead of rolling lower, the market pushed up through resistance and forced a rush of liquidations in a quick spike. 

XRP/USD by TradingViewIf spot demand keeps pressing, the immediate zone to watch beyond $3 is $3.10, where several liquidation clusters remain untested.

Heading into U.S. trading hours, the main question is whether bulls can protect the $2.90 line. If that level holds with more short covering kicking in, the path toward a retest of $3 looks open, and today’s imbalance may be remembered as the spark that made bulls take the charge.

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Amid Wall Street anxieties about the state of the government, Bitcoin continued to rally Wednesday and gold soared to a new all-time high.

TL;DR

Tether has partnered with Rumble to expand the reach of its USAT stablecoin in the United States, leveraging Rumble’s 51 million monthly active users.
The $775 million investment gives Tether a 48% stake in the platform, ensuring significant influence.
USAT, a dollar-backed stablecoin compliant with U.S. regulations, is scheduled to be integrated into a Rumble-powered crypto wallet later this year, aiming to capture a large share of the American digital dollar market.

Tether Holdings SA is taking a major step to strengthen its U.S. presence by partnering with video streaming platform Rumble Inc., according to announcements made at the Token2049 conference in Singapore. The collaboration will see Rumble introduce a crypto wallet featuring USAT alongside other stablecoins, set to launch later this year.

Major User Base Offers Strategic Advantage
Rumble, known for its 51 million monthly active users, offers Tether a platform to rapidly scale USAT adoption. CEO Paolo Ardoino emphasized that this user base provides a competitive edge in comparison to other digital currency platforms currently operating in the U.S. market. Bloomberg reports that Tether owns a 48% stake in Rumble, following a $775 million investment in 2024, giving it considerable influence over the video-sharing company.

USAT is designed specifically for U.S. users, complying with federal regulations and overseen by CEO Bo Hines, a former Executive Director of the White House Crypto Council. The USAT team will operate from Charlotte, North Carolina, positioning the stablecoin firmly within the American financial ecosystem. Tether continues to generate revenue by investing the reserves backing USDT into U.S. Treasuries and similar assets, reporting $4.9 billion in profit for the second quarter.

Tether Expands Into Emerging Technologies and Markets
With USDT remaining the largest stablecoin, Tether is pursuing a valuation of approximately $500 billion and exploring new frontiers in artificial intelligence and emerging markets. The company is hiring specialists to develop AI-powered tools, including offline translation apps for regions with limited internet access, especially in Africa and South America.

Rumble’s founder and CEO, Chris Pavlovski, retains a controlling stake and highlighted that the partnership with Tether equips Rumble for the next phase of growth. The collaboration coincides with a broader surge in the U.S. stablecoin sector following new federal regulations, reflecting a renewed confidence in regulated digital currencies. Analysts predict that USAT could rapidly gain traction among American users, further solidifying Tether’s dominance in the digital dollar ecosystem.

The integration of USAT into Rumble’s platform, combined with Tether’s ambitious expansion strategy, marks a significant push to mainstream regulated stablecoins in the United States while exploring the intersection of digital finance and innovative technologies.

Solana Gets Another Treasury Firm with $2B Plan Backed by DeFi Protocol MarinadeVisionSys AI is the latest to join the roster of Solana-focused digital asset treasury companies, which collectively hold $3 billion in tokens.Updated Oct 1, 2025, 1:15 p.m. Published Oct 1, 2025, 1:14 p.m.

Beijing-based VisionSys AI (VSA), a publicly-traded firm dedicated to brain-machine interface technologies and artificial intelligence systems, unveiled Wednesday a $2 billion Solana SOL$219.37 treasury strategy, joining a growing trend of listed companies pivoting to digital asset treasury plays.

The initiative, led by VisionSys subsidiary Medintel Technology, is to begin with a plan to acquire and stake $500 million in SOL within the next six months, the company said in a press release. The firm teamed up with Marinade, one of the largest staking operators on Solana with a $2.2 billion total value locked on the protocol, to manage and generate yield on holdings.

STORY CONTINUES BELOW

VisionSys AI's stock was down 20% premarket following the news, but has been a hot name this year, rising more than 300% since coming available for trade in April. The firm yesterday appointied early Solana backer Hakob Sirounian as chief strategy officer to oversee the firm's "initiatives in blockchain and decentralized technologies."

SOL was among the top performers in a rallying crypto market on Wednesday, ahead 6% to $219.

The company is the latest addition to a roster of public firms pivoting to holding crypto directly on their balance sheets, seeking to mirror early adopters like Micheal Saylor's Strategy (MSTR), which has become the largest corporate owner of bitcoin BTC$116,662.88.

The trend has expanded beyond BTC to other tokens such as ether ETH$4,297.37 and SOL, with firms seeking to generate income with yield-earning startegies on decentralized finance (DeFi) markets. Solana treasury firms such as Forward Industries (FORD), Defi Development (DFDV) and Upexi (UPXI) collectively hold over $3 billion in SOL, Blockworks data shows.

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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Aleo and Paxos Labs Launch Privacy-Focused Dollar Stablecoin Aimed at Institutions

1 hour ago

The USAD token encrypts transaction data end-to-end, aiming to enable private, programmable digital dollars.

What to know:

Paxos Labs and the Aleo Network Foundation have launched a privacy-focused stablecoin called USAD, pegged to the U.S. dollar.The USAD token is built on Aleo's zero-knowledge blockchain and aims to appeal to financial institutions by encrypting wallet addresses and transaction amounts.The project has received backing from major investors like a16z, Coinbase Ventures, and SoftBank.Read full story

TL;DR

BNB Chain Hack: The project’s official X account was briefly compromised, with attackers posting phishing links that drained wallets. Losses were contained to $13,000, and Binance confirmed all affected users will be reimbursed.
Community Role: Rapid alerts from users helped limit exposure, while some even mocked the hacker by buying back dumped tokens. BNB Chain credited this vigilance as key to containing the breach and restoring confidence.
Wider Trend: The incident reflects a broader rise in mid-sized exploits. Q3 2025 alone saw $306.7 million lost, including major breaches at BtcTurk, CoinDCX, GMX, and SwissBorg, with phishing accounting for $26.4 million.

The official X account of BNB Chain was briefly compromised on Wednesday, allowing attackers to post phishing links that tricked users into connecting wallets and approving fraudulent transactions. While the breach caused concern across the crypto community, losses were ultimately limited to $13,000 before the account was restored. Binance co-founder Changpeng Zhao confirmed that victims will be compensated in full, framing the incident as a reminder of the persistent threat of phishing in the digital asset sector.

Update on Account Security Incident

We’re back! The team has regained full access of the @BNBCHAIN account.

The root cause of this breach is still under active investigation and we will share the updates as soon as we can. The estimated damage is $8K and the victims will be…

— BNB Chain (@BNBCHAIN) October 1, 2025

Attack Details and Immediate Response
According to BNB Chain’s statement, the attacker used the compromised account to post ten phishing links. These links redirected users to fraudulent sites where they unknowingly signed off on malicious transactions. The largest single victim lost $6,500, while total damages initially appeared closer to $8,000. The attacker also deployed a phishing contract address, injecting $17,800 and later cashing out meme tokens for $22,000. Zhao confirmed the final estimated loss stood at $13,000, noting that the exploit had been neutralized.

Community Vigilance and Recovery
BNB Chain credited its community for helping limit the impact of the breach. Users quickly flagged suspicious activity, spreading alerts that reduced exposure. In a follow-up post, the team thanked supporters for their vigilance and rapid response. Zhao also highlighted how the community mocked the hacker by buying back the dumped meme tokens, turning the exploit into an ironic comeback. This collective action underscored the role of community engagement in mitigating damage during security incidents.

Phishing Techniques and Attribution
Security firm SlowMist reported that the hacker employed a domain spoofing tactic, swapping the letter “i” with “l” to deceive users. Investigators linked the malicious domain to the Inferno phishing group, a service that provides ready-made templates for wallet-draining schemes. Inferno Drainer, active since 2022, enables affiliates to lure victims into connecting wallets, after which funds are drained almost instantly. The case highlights how phishing-as-a-service platforms continue to evolve and pose risks to crypto users.

Hacks Across the Crypto Sector
The BNB Chain breach adds to a troubling trend of mid-sized hacks in 2025. According to Finbold and SlowMist, Q3 alone saw $306.7 million lost to exploits. Major incidents included $54 million stolen from BtcTurk, $44.2 million from CoinDCX, $42 million from GMX, and $41.5 million from SwissBorg. September alone accounted for $155.9 million in losses, with phishing responsible for $26.4 million. While smaller than headline-grabbing billion-dollar exploits, these attacks reveal the ongoing vulnerability of exchanges and platforms.

A late-session push showed momentum building, but conviction remains tethered to whether DOGE can sustain closes beyond resistance.Updated Oct 1, 2025, 1:24 p.m. Published Oct 1, 2025, 1:22 p.m.

Dogecoin steadied above key support as institutional flows anchored liquidity. Buyers repeatedly defended the $0.229–$0.230 floor while rejection volume capped upside at $0.234.

A late-session push showed momentum building, but conviction remains tethered to whether DOGE can sustain closes beyond resistance.

News BackgroundDOGE advanced 1.6% between Sept. 30, 9:00 AM and Oct. 1, 8:00 AM, recovering from a $0.227 low to close at $0.234. Institutional desks dominated flows, defending the sub-$0.230 zone during Asian and European hours.
Resistance materialized at $0.234, where volumes exceeded the 24-hour average of 248.7 million tokens.
Analysts said the session reflected growing institutional presence in a market once defined by retail participation.

STORY CONTINUES BELOW

Price Action SummaryThe token traded inside a compressed $0.007 range, reflecting 3% volatility. Afternoon turnover spiked above 400M tokens — nearly double average levels. In the final hour, DOGE rose from $0.233 to $0.234, with a 15.3M surge accompanying a breakout attempt at 7:32 AM.

Technical AnalysisSupport has been validated at $0.229–$0.230, where multiple defenses held against sell pressure. Resistance hardened at $0.234, with rejection prints capping rallies.
The tight corridor suggests controlled price discovery dominated by institutional desks, rather than retail-driven volatility.
While the late breakout shows momentum, strength above $0.234 is required to confirm continuation toward $0.240.

What Traders Are Watching?Whether DOGE can close decisively above $0.234 to flip resistance.If institutional inflows sustain volumes above daily averages.Broader CD20 index reaction to DOGE’s relative resilience.Potential retest of $0.240 should $0.229–$0.230 support remain intact through U.S. hoursMore For You

Total Crypto Trading Volume Hits Yearly High of $9.72T

Sep 9, 2025

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025

What to know:

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platformOpen interest across centralized derivatives exchanges rose 4.92% to $187 billionView Full Report

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Bitcoin Miners' Market Cap Hit a Record in September: JPMorgan

3 minutes ago

The average network hashrate rose 9% to an average of 1,031 EH/s last month, according to the bank.

What to know:

The 14 U.S.-listed bitcoin miners tracked by JPMorgan collectively surpassed a $50 billion valuation in September.The average bitcoin network hashrate rose 9% month-on-month to 1,031 EH/s, the bank's analysts said.The report noted that miner revenue fell 10% from August as a rising hashrate squeezed margins.Read full story

Bitcoin Miners' Market Cap Hit a Record in September: JPMorganThe average network hashrate rose 9% to an average of 1,031 EH/s last month, according to the bank. Oct 1, 2025, 1:29 p.m.

The total market cap of the fourteen U.S-listed bitcoin BTC$116,662.88 miners that JPMorgan tracks exceeded $50 billion for the first time last month, the Wall Street bank said in a report Wednesday.

The combined market cap of these mining stocks rose 43% month-on-month to $56 billion in September, the bank noted.

STORY CONTINUES BELOW

The move was driven by a number of announcements, including Cipher Mining's (CIFR) HPC colocation deal with Fluidstack, and IREN's (IREN) expansion of its Cloud Services business, the report said.

The BItcoin hashrate also rose. The monthly average network hashrate "increased ~82 EH/s (+9%) m/m to an average of 1,031 EH/s in September," analysts Reginald Smith and Charles Pearce wrote.

The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain.

Mining profitability fell for the second month in a row as the hashrate exceeded 1000 EH/s. The bank's analysts estimated that miners "earned an average of $49,700 per EH/s in daily block reward revenue in September, down 10% from August." Daily block reward gross profit also slumped 17% from the month prior.

Bitfarms (BITF) outperformed the group with a 110% gain, while Cango (CANG) underperformed with an 11% decline.

Twelve of the fourteen miners in the bank's coverage outerformed bitcoin in September, the report added.

Read more: Cipher Is the Latest Bitcoin Miner to Pivot to AI; Price Target Raised to $16: Canaccord

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Total Crypto Trading Volume Hits Yearly High of $9.72T

Sep 9, 2025

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025

What to know:

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platformOpen interest across centralized derivatives exchanges rose 4.92% to $187 billionView Full Report

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What Next as Dogecoin (DOGE) Zooms 6% on Bitcoin Strength

9 minutes ago

A late-session push showed momentum building, but conviction remains tethered to whether DOGE can sustain closes beyond resistance.

What to know:

Dogecoin maintained stability above key support levels, with institutional flows providing liquidity.Buyers consistently defended the $0.229–$0.230 range, while resistance at $0.234 limited upward movement.Analysts note an increasing institutional presence in a market traditionally driven by retail investors.Read full story

Deutsche Börse Market Data + Services, a division of the global Deutsche Börse Group, has partnered with Chainlink, the leading oracle platform, to bring its multi-asset market data to blockchain networks for the first time. 

This marks a major milestone in linking traditional finance with blockchain.

Top EU Markets On-ChainDeutsche Börse Market Data + Services is now putting real-time, multi-asset market data from Europe’s top trading venues directly on blockchain.

Key platforms include: 

Eurex, the largest derivatives exchange in Europe with over 2 billion contracts traded in 2024Xetra, the leading platform for ETFs and ETPs with €230.8 billion in trading volume last year.360T, a global FX hub serving thousands of clients across 75 countriesTradegate, a stock exchange for private investors that has processed €247.8 billion in turnover with 34 million transactions since January.By using Chainlink’s trusted oracle infrastructure, Deutsche Börse can securely and easily publish its data on-chain without building or managing new systems.

Bringing High-Quality Market Data to DeFiAs one of the world’s largest exchange operators, Deutsche Börse Market Data + Services delivers four billion real-time data points every day and managed over €1.3 trillion in securities trading last year. Through DataLink, more than 2,400 DeFi protocols across 40+ public and private blockchains in the Chainlink ecosystem can now access Deutsche Börse’s high-quality market data.

Dr. Alireza Dorfard from Deutsche Börse Group said this will let financial institutions build new regulated products using the same reliable data that drives today’s markets.

Sergey Nazarov, Co-Founder of Chainlink highlights that this is not just a single integration, it’s about setting the standard for building and scaling regulated financial products on blockchain, with Chainlink at the core driving this change.

Chainlink’s Latest PartnershipsThis builds on Chainlink’s recent moves to bridge traditional finance and blockchain.

Chainlink recently partnered with SWIFT and UBS to let financial institutions manage digital assets directly from their existing systems.

GLEIF and Chainlink have also teamed up to create a trusted, institutional-grade identity solution for blockchain.

By combining GLEIF’s verifiable Legal Entity Identifiers (vLEIs) with Chainlink’s Cross-Chain Identity (CCID) and Automated Compliance Engine (ACE), this solution makes digital asset transactions secure, compliant, and verifiable, while protecting user privacy.

Bitcoin trades near $116,500 as bullish patterns signal potential breakouts, with analysts eyeing $119K, $124K, and $131K targets.

Roman Storm, co-founder of the cryptocurrency tumbling protocol Tornado Cash, filed a motion for judgment of acquittal in the Southern District of New York on Sept 30.

A federal jury convicted Storm earlier this year of operating an unlicensed money-transmitting business, while jurors deadlocked on money laundering charges and acquitted him on sanctions violations. His legal team now seeks to overturn the conviction entirely, with oral argument scheduled for Dec 18.

In a 103-page memorandum, reviewed by Blockworks, Storm’s defense counsel argued that Tornado Cash is permissionless, immutable software that Storm did not control once deployed. They said the Department of Justice improperly relied on a negligence theory, claiming Storm failed to stop criminals from using the tool, despite lacking both legal duty and technical ability.

The filing contends that labeling software publication as a financial “business” violates constitutional free speech protections, invoking both the First Amendment and the Berman Amendment, which shields the distribution of informational materials from sanctions enforcement.

Storm’s lawyers also challenged the venue, saying alleged New York connections — such as Infura payments, email communications, and Telegram messages — were legally insufficient. 

On the substantive charges, they argued that Tornado Cash did not transmit funds, Storm did not enter into a money laundering agreement, and open-source code cannot be equated to providing a sanctions-barred service.

The government has until Oct 31 to file its response to Storm’s motion, per the court documents. Both parties also agreed to pause any potential retrial motions — which the government could pursue on the hung money laundering count — until the acquittal motion is resolved.

This is a developing story.

This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication.

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TagsRoman StormTornado Cash