US manufacturers reported more widespread input-price increases in September, raising a potential financing risk for Bitcoin if investors respond by expecting higher interest rates ahead of Friday’s jobs report. The Institute for Supply Management’s Oct. 1 release put its manufacturing prices index at 77.9, up 6.8 points from August’s 71.1. The manufacturing PMI registered 54.5,…
EU regulators are reportedly questioning Binance over its use of a legal exemption to keep serving some European customers after the exchange failed to win a MiCA license. Enforcement action is possible if they reject its interpretation of the rule. Regulators Weigh the Reverse Solicitation Exemption The Financial Times, citing people familiar with the matter,…
NEAR’s new US ETF is facing its first stress test days after launch as a $3.8 million ecosystem exploit hit the token. NEAR fell about 10% to $4.86 after NEAR Intents disclosed a security incident involving its Omni deposit-and-withdrawal infrastructure. The selloff came less than two days after Bitwise opened the token to US exchange-traded…
Cardano’s native cryptocurrency posted an impressive 23% price increase over the past month and is currently trading just under $0.25. Many analysts expect October to bring further gains, but Ali Martinez outlined several important factors that could trigger a short-term pullback. Time to Cool Off? The popular X user started his analysis by noting that…
XRP is beginning to support live dollar borrowing on Ethereum, though the market remains heavily concentrated among a handful of borrowers. A Morpho market backed by FXRP, a tokenized representation of XRP, had about 7.18 million RLUSD in outstanding loans against 10.76 million FXRP as of Oct. 1. The three largest addresses accounted for almost…
The regulator issued a proposed rule for custody, marking a swan song for its inaugural Crypto Task Force chief, Commissioner Hester Peirce, who exits this week.
LendingProtocolV1_1 is open for validator consideration on the XRP Ledger, or XRPL, proposing closed-ended lending vaults and cash-basis interest accounting. The vote would change how vaults structure deposits and report returns. Under the proposed structure, a vault moves through subscription, investment, and redemption stages. Assets can enter during subscription; brokers can originate loans during investment;…
Crypto may have benefited from the failure of the US CLARITY Act, according to Bitwise Chief Investment Officer Matt Hougan. The CLARITY Act failed to get the 60 votes needed to move forward in the US Senate after years of negotiations. But instead of hurting the crypto market, its failure was followed by a strong…
US spot Bitcoin exchange-traded funds (ETFs) recorded their first daily outflow in more than two weeks, interrupting a recovery that had pushed cumulative flows close to a record. The funds posted $148.7 million of net withdrawals on Sept. 30, ending nine consecutive positive sessions that brought in about $3.08 billion, according to Farside Investors. Fidelity’s…
Anthropic IPO Polymarket odds put the chance of a public sale by December 31, 2026, at 82%, with November as the leading month at roughly 60%–61%; October is near 3%. Kalshi’s odds of an announcement before November rose from 4.7% on September 28 to 16% on September 30. Reports of IPO preparations and a possible…