Author: NBTC

SINGAPORE — By the time Token2049 reconvenes next year, today’s headline‑grabbing decentralized exchanges like Hyperliquid and Aster may no longer dominate, BitMEX CEO Stephan Lutz told CoinDesk in an interview, warning that their incentive‑heavy business models are too fragile to endure. Recently, a competitive battle has erupted in the perpetual decentralized exchange (perp DEX) sector, with emerging platforms like Aster and Lighter significantly challenging Hyperliquid’s former dominance. Last week, Aster surpassed Hyperliquid in terms of 24-hour trading volume. This has sparked a race among competitors to launch new DEXs, aiming to capture market share in this expanding field. In this…

Ether spent the week clinging to the $4,000 mark, bobbing between cooling ETF flows, bargain-bin gas fees, and macro tremors that kept traders second-guessing every move. From Flush to Balance: Ether Needs to Clear $4,200 Ethereum (ETH) slipped toward the round number after a midweek flush knocked leverage out of the market. Seven-day performance sits in the −4% to −5% pocket, with intraday quotes circling $3,950 to $4,050 and brief breaks below that line as dip-buyers tested their nerve. Flows didn’t help. Spot ether exchange-traded funds (ETFs) cooled big time from August’s spree to roughly $110 million of net creations…

Monex Group has increased its ownership in Canadian digital asset manager 3iQ Digital Holdings to 97.8%, with the aim to grow its institutional crypto asset business. Summary The acquisition consolidates 3iQ as a key part of Monex’s global digital asset strategy, with AUM growing 39% to CAD 1.51 billion. Monex aims to drive revenue growth by targeting institutional investors through 3iQ’s staking ETFs and tokenized assets. The company is also considering issuing yen-pegged stablecoins to facilitate cross-border and corporate payments. Monex Group, parent of TradeStation and Japanese crypto exchange Coincheck, has expanded its ownership in Canadian digital asset manager 3iQ…

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$219.59 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…

A significant event recently caught the attention of the cryptocurrency community: Ethereum co-founder Jeffrey Wilcke has moved a substantial amount of Ether. Specifically, 1,000 ETH, valued at approximately $4 million, was deposited to the Kraken cryptocurrency exchange. This move, reported by Onchain-lens, immediately raises questions about its potential implications for the market. Who is Jeffrey Wilcke, the Ethereum Co-Founder? For those new to the crypto space, it’s important to understand the figures behind its foundational projects. Jeffrey Wilcke is not just any participant; he is one of the original co-founders of Ethereum, a decentralized global software platform powered by its…

Trump Media and Technology Group (DJT), the parent of Truth Social linked to U.S. President Donal Trump, closed a purchase agreement with crypto exchange Crypto.com that gives it 684.4 million Cronos CRO$0.2732 tokens. The $105 million transaction, split between cash and stock, amounts to about 2% of the circulating supply of the token, the firms said in a Friday press release. Both CRO and Trump Media’s shares will remain locked up for a set period, they added. DJT stock and CRO were both little-changed in Friday trade. The agreement is part of a broader partnership between the two companies that…

Raydium Protocol has merged the USX and eUSX stablecoins of Solstice Finance into its liquidity pools. The collaboration occurs as Raydium handles $18.588B volume every month with a total of $2.239B locked and takes over the DeFi ecosystem of Solana. Such integration enhances the USX and eUSX liquidity on Solana and allows swapping between the two at a faster pace with a smaller slippage. The alliance establishes better trading networks and enhances capital deployment within the network. Domination of Solana DeFi by Raydium Raydium has been the pillar of Solana liquidity since it launched in the year 2021. Being an…

Ethereum has been under pressure recently after a strong rally that took the price to nearly $5K. While the uptrend remains intact on the higher timeframe, the recent rejection and sharp pullback have raised concerns about a deeper correction. This price action has led to a change in market tone, with traders closely watching key support zones to determine whether this is just a dip or the start of a broader trend shift. Technical Analysis By Shayan The Daily Chart On the daily timeframe, ETH had been climbing inside a clean ascending channel since April, making higher highs and higher…

The cryptocurrency world is buzzing with news of Tron founder Justin Sun’s latest move: a significant plan to invest $20 million in what he believes are undervalued US crypto stocks. This bold declaration has sent ripples across the market, signaling a strong vote of confidence from a prominent industry figure. Investors are now keenly watching to understand the potential implications of such a substantial investment in crypto-themed equities. What’s Driving Justin Sun’s Confidence in US Crypto Stocks? Justin Sun, known for his strategic investments and entrepreneurial spirit, firmly believes that US crypto stocks are currently trading below their true value.…

Bitcoin miners had a modest September slump, watching revenue shrink 4.23%—that’s $69 million gone compared to August’s haul. September Slide for Bitcoin Mining Revenue At the time of publication, hashrateindex.com data shows the spot valuation of one petahash per second (PH/s) of SHA256 hashrate stands at $52.10—a modest decline from the $53.15 figure documented on Sept. 1. September wasn’t exactly golden for bitcoin miners—revenue slipped by $69 million from August, landing at $1.564 billion. Nearly all of it ($1.550 billion) came from good old block rewards, while a modest $14 million trickled in from onchain fees, according to figures collected…