Chainlink LINK Surges 6% on ETF Hopes
$LINK surged 6% to over $24.5 as @CaliberCo purchased $6.5 million in tokens and the Chainlink Reserve added 43,000 LINK, amid ETF anticipation. #Update #Crypto $LINK
Coindesk
CoinDesk.com is a prominent platform delivering essential news, market updates, and in-depth analysis on cryptocurrencies and blockchain technology. At Voted.News, we transform CoinDesk’s extensive coverage into concise, easy-to-read digests—enabling readers to keep pace with evolving market trends, regulatory shifts, and technological innovations effortlessly. Discover the best of CoinDesk.com at Voted.News, where clarity meets credibility.
Bitcoin Traders Boost Downside Protection After Fed Cut
Bitcoin ($BTC) traders increase downside protection post-Fed’s 25 basis point rate cut, with Deribit’s options skew negative across all time frames, indicating bearish sentiment. #Update #Crypto $BTC
Crypto Exchange Independent Reserve Acquired for $72M
@IGGroup has acquired a 70% stake in @IndependentReserve for AUD 109.6M ($72.4M), aiming to enhance its presence in Asia-Pacific’s crypto markets. The deal is pending regulatory approval. #Update #Crypto $AUD
Solmate Surges as ARK Buys $162M Shares
@ARKInvest has acquired 6.5 million shares of Solmate (BREA) for nearly $162 million, boosting its digital asset treasury strategy with $SOL as BREA surged over 225% in a day. #Update #Crypto $SOL
Smaller Tokens Surge Amid Cautious Crypto Market
The crypto market remains cautious post-Fed rate cut, with BTC facing resistance at $118K; open interest in futures rises to 149K BTC. Smaller tokens like $IMX and $NEAR gain over 10%. #Update #Crypto $BTC
Stablecoin Battle Heats Up Amid JPMorgan Insights
The $270 billion stablecoin sector remains under 8% of crypto’s market cap, with Tether launching USAT to meet U.S. regulations as competition intensifies against Circle’s USDC. #Update #Crypto $USDT $USDC
Bitcoin Staking ETP Launches on London Stock Exchange
@ValourDigital launches its bitcoin staking ETP on the London Stock Exchange, offering a 1.4% annual yield, expanding from its initial German market debut. Access is limited to professional investors. #Update #Crypto $BTC
FTX Repays $1.6B to Creditors Starting Sep 30
FTX’s bankruptcy estate will distribute $1.6 billion to creditors starting September 30, recovering 95% for U.S. customers and 78% for “Dotcom” users #Update #Crypto $FTX
SEC Approves Crypto ETF Standards Boosting Market
The SEC has approved new listing standards for crypto exchange-traded products, potentially leading to a surge in market entries. Analysts predict significant changes in crypto investment flows. #Update #Crypto $BTC $ETH
Treasury Approves GENIUS Act for Stablecoin Regulations
The U.S. Treasury Department is seeking public input on the GENIUS Act’s stablecoin regulations until October 20, focusing on compliance and oversight issues. #Update #Crypto $USDC
Ethereum Launches Fusaka Upgrade in December
Ethereum core developers confirmed the Fusaka upgrade is set for December 3, with blob capacity increases following in subsequent weeks. Testing on public networks will occur in October. #Update #Crypto $ETH
On-Chain Finance Gains $19M for Privacy
@Grvt has raised $19M in Series A funding, co-led by ZKsync, to enhance privacy and scalability in on-chain finance using zero-knowledge proofs on the ZKsync Validium L2. #Update #Crypto $ETH
Bitcoin Reserve Bill Advances After 7 Months
Michigan’s Bitcoin Reserve Bill, HB 4087, advanced to the second reading in the House, aiming for a strategic $BTC reserve. If passed, Michigan would join Texas, New Hampshire, and Arizona. #Update #Crypto $BTC
XRP DOGE ETFs Launch with $54.7M Volume
Spot ETFs for $XRP and $DOGE launched in the U.S., achieving a combined volume of $54.7M on debut, signaling strong investor interest in crypto alternatives. #Update #Crypto $XRP $DOGE