Crypto News Sentiment

Updated: 1 day and 20 hours ago

Crypto markets see potential ETF approvals and altcoin surges, yet multi-issuer stablecoin bans and XRP selling pressure loom. Government shutdown risk also rises.
Positive news

Bloomberg’s Analyst Sees Crypto ETF Approvals as Certain

Bloomberg ETF analyst Eric Balchunas declares crypto ETF approvals are now “100%” certain, with Solana ETF potentially launching soon.

KGeN Raises $43.5M in Strategic Funding

KGeN has secured $43.5 million in a new strategic round, driving the development of its VeriFi Network, a verified distribution protocol.

Sonic Token Surges 7% Following Ecosystem Fund Launch

Sonic token trading volume surged 70% to $126 million after CMCC Global launched a $25 million ecosystem fund.

SEC Approves DoubleZero Altcoin, Binance Lists It

The SEC has approved the altcoin project DoubleZero, classifying its token as not a security, leading Binance to list it immediately.

APEX Token Surges 600% Due to Buyback Plan

$APEX token experienced a 600% increase in value within a week, driven by a Mantle-Bybit collaboration and a $12M buyback plan.

Tether's Growth Could Make It the World's Most Profitable Company

Tether's rapid expansion puts it on track to rival the world's biggest companies in profitability, according to Bitwise CIO Matt Hougan.

XRP ETF Approval Odds Hit 100%

Bloomberg analyst Eric Balchunas raises the odds of XRP ETF approval to 100%, with Solana ETF potentially launching soon.

Top 5 Altcoins to Watch for SEC ETF Rulings

Cardano, Ripple’s XRP, Solana, Chainlink, and Stellar are among the altcoins expected to see regulatory decisions this October.

Circle Partners with Deutsche Börse for USDC Integration

Circle is collaborating with Deutsche Börse to bring USDC into Germany’s market infrastructure, advancing regulated stablecoins in Europe.

Useless Coin Surges 13%

Whales bought and traders sold, causing USELESS coin to surge 13% in value.

Zcash Soars 75%, Challenging Monero's Privacy Dominance

Zcash’s recent rally positions it as a serious contender to Monero’s privacy leadership, with daily trading volume surpassing XMR’s.

Tether May Surpass Saudi Aramco in Global Profits

Tether’s stablecoin USDT, according to Bitwise’s Matt Hougan, could surpass Saudi Aramco

Negative news

Bitcoin Price Stopped at $115K, as HYPE and ASTER Plunge Hard

Bitcoin's price remained steady around $115,000 while assets like HYPE and ASTER experienced significant declines.

U.S. Government Shutdown Risk Increases

The risk of a U.S. government shutdown has risen to 86%, as negotiations continue amidst potential permanent layoffs.

EU Considers Ban on Multi-Issuer Stablecoins

The European Union is proposing a ban on multi-issuer stablecoins due to concerns over financial stability and regulation.

Federal Reserve Continues Balance Sheet Reduction

The Federal Reserve is persisting with its plan to reduce the balance sheet, despite ongoing policy discussions.

Ripple (XRP) Faced Heavy Selling Pressures

Ripple's XRP faced substantial selling pressure, dropping to $2.85 with no buy orders and building liquidity below $3.

Ethereum's $10K Forecast Met Skepticism

Ethereum's recent price drop to $3,979.48 has dashed hopes of reaching $10,000 soon, leading analysts to favor other investments.

Cardano in Consolidation Mode

Cardano is experiencing a price consolidation phase, with indications of a possible further decline.

U.S. Government Shutdown Risk Heightens

The risk of a U.S. government shutdown has increased, with considerations of permanent layoffs if a deal is not reached.

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