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Buying-The-Dip? Crypto Trader Deploys $15M to Buy BTC, SOL, HYPE and PUMP
Yahoo Finance· 2025-09-22 12:26
Group 1 - A trader established bullish positions in major cryptocurrencies, deploying $15 million in USDC on Hyperliquid, focusing on bitcoin (BTC), solana (SOL), Hyperliquid's HYPE token, and PUMP [1] - The cryptocurrency market has seen a decline, with Bitcoin falling over 2% below $113,000, leading to a market value drop to $2.25 trillion [2] - The recent market weakness is attributed to the dollar's resilience following dovish Fed rate cuts, contributing to bearish sentiment in the options market [3] Group 2 - Market volatility is anticipated to rise as several Federal Reserve policymakers, including Chairman Jerome Powell, are scheduled to speak, alongside the upcoming Personal Consumption Expenditures (PCE) inflation report [4] - The FTX bankruptcy recovery trust is set to distribute $1.6 billion in payments to creditors on September 30, providing relief to stakeholders affected by the collapse [5]
Cryptocurrencies Sink as $1.5 Billion in Bullish Bets Wiped Out
Yahoo Finance· 2025-09-22 10:20
Group 1 - Cryptocurrency traders experienced over $1.5 billion in liquidations on Monday, leading to a significant selloff in the market, with Ether dropping as much as 9% to $4,075 and Bitcoin declining 3% to $111,998 [1][3] - The recent wave of liquidations is the largest since at least March 27, with more than 407,000 traders affected, causing the overall digital-asset market size to fall below $4 trillion [3] - The funding rate for Ether perpetual futures has turned negative, indicating that short sellers are dominating the market and paying longs to maintain their positions [4] Group 2 - Demand from publicly-listed vehicles that hoard tokens had previously driven Bitcoin and Ether to all-time highs in August, but this momentum is now fading as shares of digital-asset treasury firms have retreated [2] - Bitcoin has been trading within a range of $110,100 and $120,000 since early July, with subdued volatility, while Ether and Solana have seen significant rallies of 74% and 52% respectively during the same period [5] - Easing monetary policy in the US has contributed to rising gold and equities, but Bitcoin's response has been muted, with several top crypto tokens experiencing double-digit losses over the past five days [6]
Better Stablecoin Buy: Ripple USD vs. PayPal USD
Yahoo Finance· 2025-09-21 09:30
Core Insights - Most cryptocurrencies are volatile and not suitable for conservative investors, while stablecoins pegged to fiat currencies may be more appealing for those seeking stability [1] - A comparison of two popular dollar-backed stablecoins, Ripple USD and PayPal USD, is conducted to determine which is a more reliable investment in the current market [2] Group 1: Stablecoin Overview - Ripple USD was launched on December 17, 2024, by Ripple Labs and operates on the XRP Ledger as well as an ERC-20 token on Ethereum [4] - PayPal USD was introduced on August 7, 2023, by Paxos Trust Company and is integrated into PayPal's app and Venmo, initially minted as an ERC-20 token on Ethereum and later on Solana [5] Group 2: Market Capitalization and Ecosystem - Ripple USD has a market cap of $730 million, while PayPal USD has a larger market cap of $1.26 billion, benefiting from PayPal's extensive user base of 438 million active accounts [6] - PayPal USD has a more expansive ecosystem and stronger liquidity compared to Ripple USD, which has not yet secured as many active users or partners [7] Group 3: Backing and Reliability - Both stablecoins are backed by cash and short-term U.S. Treasuries, ensuring their reliability [7] - Paxos provides monthly attestations of its reserves from independent auditors for PayPal USD, while Ripple has also started publishing monthly attestations since December [8]
Think It's Too Late to Buy XRP? Here's Why You Still Have Time.
Yahoo Finance· 2025-09-20 10:14
Key Points XRP intends to make cross-border payments cheaper and faster. Analysts anticipate significant growth in cross-border payments through 2034. XRP should only be a small portion of your portfolio. 10 stocks we like better than XRP › Of the thousands of cryptocurrencies that have been created, many of those have proven useless, but XRP (CRYPTO: XRP) seems to be one of the few exceptions. It's also been one of the more rewarding coins over the 12 months, up over 430% in that time. Consider ...
Ripple (XRP) Volumes Surge 140% as CBOE Confirms XRP ETF Listing
Yahoo Finance· 2025-09-18 20:26
Core Insights - Ripple's price reached $3.10 on September 18, driven by the anticipated Fed rate cut and the launch of XRP ETFs by Rex Shares, resulting in a 5% price increase over the week [1][4] - Rex Osprey launched the first U.S.-issued ETFs for Spot Dogecoin and Spot XRP, with the XRPR ETF primarily holding spot XRP [2] - Institutional demand for ETFs as trading vehicles for cryptocurrencies is emphasized by Rex Osprey's CEO, highlighting the importance of regulatory protections [3] Market Reactions - XRP gained 4% following the ETF news but faced resistance at the $3.10 mark, underperforming compared to other altcoins [4] - XRP futures trading volumes surged by 140%, exceeding $10 billion, while open interest increased by 6.7% to $9 billion, indicating significant market activity [5] - The increase in open interest relative to spot price gains suggests new capital is entering the market, supporting a potential bullish breakout [6] Additional Insights - Rex Osprey's Solana Staking ETF has attracted nearly $300 million in inflows within three months, with Solana's price rising 68% during the same period [7]
Will Ethereum Continue to Rise to New Highs?
Yahoo Finance· 2025-09-18 19:00
Group 1: Ethereum Performance - Ethereum experienced a significant rally, achieving a new all-time high of $4,953.929 per token, with a 16.45% gain in August, closing at $4,345.331 [1] - As of late September, Ethereum's price remained slightly above its August closing level, indicating a sustained bullish trend [1] Group 2: Market Capitalization - Bitcoin's market cap stands at $2.321 trillion, while Ethereum's market cap is $541.258 billion, together accounting for over 70.8% of the total cryptocurrency market cap of $4.04 trillion [3] - Ethereum's value is nearly three times that of Tether, the third-largest cryptocurrency [3] Group 3: Differences Between Bitcoin and Ethereum - The primary distinction between Bitcoin and Ethereum lies in their purpose; Bitcoin serves as an alternative to traditional currency, while Ethereum is designed for complex smart contracts and decentralized applications [4] - Bitcoin is often compared to digital gold due to its scarcity, while Ethereum is crucial for the development of Web3, the next iteration of the internet [5] Group 4: Ethereum's Technological Framework - Ethereum is transitioning to a "Proof-of-Stake" consensus mechanism, allowing validators to create new blocks and validate transactions based on the amount of cryptocurrency they stake [6] - This transition enhances Ethereum's functionality as a decentralized platform for executing smart contracts and applications [6]
Cryptocurrencies: Bitcoin Steadily Climbs
Etftrends· 2025-09-18 17:03
Group 1: Cryptocurrency Overview - The article discusses major cryptocurrencies, specifically Bitcoin, Ether, and XRP, highlighting their foundational differences and market positions [1][6]. - Bitcoin is recognized as the first cryptocurrency and has evolved into a mainstream financial asset since its inception in 2009 [2][3]. - Ether, launched in 2015, operates on the Ethereum blockchain and holds the second-largest market share among cryptocurrencies [4]. Group 2: Price Performance - Bitcoin's closing price has increased, reaching its highest level in four weeks, with a year-to-date increase of approximately 23% and is about 6% below its record close from August 2025 [3]. - Ether's closing price rose over 5% in the past week, now close to $4,600, with a year-to-date increase of around 37% and is approximately 5% below its record close from August 2025 [4]. Group 3: Market Dynamics - An index has been created to compare Bitcoin, Ether, and XRP, using a logarithmic scale to illustrate relative percentage changes and long-term growth since November 9, 2017, with Bitcoin currently leading [6]. - XRP, launched in 2012 by Ripple, was once among the larger cryptocurrencies but has seen its position affected by the emergence of new coins [5]. Group 4: ETF Developments - On January 10, 2024, the SEC approved several spot Bitcoin ETFs from various issuers, including Grayscale Bitcoin Trust ETF and Fidelity Wise Origin Bitcoin Fund [7]. - On July 23, 2024, multiple spot Ether ETFs were launched, including Grayscale Ethereum Trust and Franklin Ethereum ETF, providing new investment opportunities in the Ether market [8].
Bitcoin price set to hit $130,000 after Fed rate cuts, say analysts
Yahoo Finance· 2025-09-18 14:37
Core Insights - The Federal Reserve has cut interest rates, but the crypto market's reaction has been muted, with only BNB reaching a new all-time high of $1,000, indicating a lack of confidence among traders regarding a shift in monetary policy [1] - Predictions from industry experts suggest that major cryptocurrencies like Bitcoin and Ethereum could see significant price increases, with Bitcoin potentially reaching $130,000 and Ethereum $6,000 by year-end [2] - The immediate market response suggests that a single rate cut is insufficient to excite traders, who are awaiting further confirmation of additional monetary easing [3] Market Reactions - Analysts note that the market's lack of enthusiasm reflects a "sell the news" scenario, as cryptocurrencies and equities had already rallied in anticipation of the rate cut [4] - The consensus among analysts is that lower borrowing costs typically benefit risk assets, including cryptocurrencies, suggesting a positive long-term outlook for the crypto market [5] Current Market Data - Bitcoin has increased by 0.8% over the past 24 hours, trading at $117,276 - Ethereum has risen by 2.0% over the past 24 hours, trading at $4,584 [8]
Trump Jr.-Linked Thumzup Stock Sinks 7.7% After $2M Dogecoin Bet
Yahoo Finance· 2025-09-18 13:32
Core Viewpoint - Thumzup Media Corporation is significantly increasing its involvement in cryptocurrencies, particularly Dogecoin, through investments and mining operations, despite a recent decline in its stock price [1][3]. Group 1: Investment in Dogecoin - Thumzup disclosed a $2 million investment in Dogecoin, acquiring approximately 7.5 million tokens at an average price of $0.2665 [1]. - The company's stock fell 7.7% to $4.61 following the announcement but recovered 4.5% in after-hours trading [3]. Group 2: Expansion into Dogecoin Mining - Thumzup is preparing to expand into large-scale Dogecoin mining with the acquisition of Dogehash Technologies, which operates around 2,500 Scrypt ASIC miners [2][4]. - The company plans to deploy 3,500 mining rigs by the end of the year and expects to add another 1,000 rigs by 2025 [3][4]. Group 3: Leadership and Strategic Appointments - Thumzup appointed Jordan Jefferson, CEO of DogeOS, to its Crypto Advisory Board, indicating a commitment to enhancing its digital asset strategy [5][6]. - Jefferson's experience in blockchain development since 2011 is expected to bolster Thumzup's efforts in increasing the utility of Dogecoin [5][6]. Group 4: Company Transformation - Thumzup has transitioned from a social media marketing firm to a crypto-focused company since its founding in 2020 [6]. - The company launched a crypto treasury in January with a $1 million investment in Bitcoin and has since diversified its holdings [7].
SharpLink Announces Participation in Upcoming Digital Assets Conferences
Globenewswire· 2025-09-18 12:00
Company Overview - SharpLink Gaming, Inc. is one of the world's largest corporate holders of Ether (ETH) and a significant advocate for Ethereum adoption [1][2] - The company is headquartered in Minneapolis, Minnesota, and has adopted ETH as its primary treasury reserve asset, aligning itself with the future of digital capital [2] Recent Developments - SharpLink has launched a dynamic ETH dashboard to enhance transparency and investor engagement, providing market data, ETH concentration, and other relevant metrics related to its ETH treasury [3] - The company is actively participating in various digital assets conferences, including DATCON 2025 and Korea Blockchain Week 2025, to engage with investors and industry stakeholders [1][6] Industry Position - SharpLink is reimagining the future of online gaming by building scalable, secure, and transparent solutions that challenge outdated models and enhance user experience [4]