Crypto’s future is starting to look more like a global financial system and less like a speculative playground, according to Andreessen Horowitz. In its State of Crypto 2025 report, a16z analysts argue that the industry has entered a new era shaped by infrastructure upgrades, regulatory clarity and deeper ties with traditional finance. Among the most important trends for the coming year: stablecoin growth, real-world assets moving onchain, and new intersections with artificial intelligence (AI). Stableco ...

BNB, the native token of the BNB Chain that’s also used for discounts on Binance fees, dropped 3.3% in the past 24 hours, falling from $1,117 to as low as $1,063 before stabilizing just below $1,080. The sell-off erased recent gains and cut through key technical levels, according to CoinDesk Research's technical analysis data model. Trading volume surged 87% above its 24-hour average during the decline. The price action followed a sharp drop in bitcoin (BTC) and other cryptocurrencies and reflected a wid ...

BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury company led by Fundstrat's Thomas Lee, extended its ether (ETH) buying streak purchasing over 200,000 tokens, roughly $800 million, through last week. After the latest purchase, the company held $13.4 billion in combined crypto, equity and cash assets as of Sunday evening, it said in a press release. That includes over $219 million in unencumbered cash, 192 bitcoin (BTC) and a $119 million equity stake in Eightco Holdings ( ...

Friday brought carnage onto crypto markets as U.S.-China trade tensions ratcheted up with Trump threatening a massive increase in tariffs against Chinese goods. Worst-hit among the crypto benchmark CoinDesk 20 Index constituents was Ethereum's native token ether (ETH), nosediving 7% from Friday's session high and hitting its weakest price since late September below $4,100. Its decline far outpaced bitcoin's (BTC) 3.5% drop below $118,000 and the index's 5% plunge. The broad-market downturn spurred a liqu ...

Shares of Galaxy Digital rose 8% in premarket trading Monday as the company rolled out GalaxyOne, a mobile and web platform built to give retail investors access to a blend of cash, crypto, and equity investing tools, with yield at the core. The app gives users access to FDIC-insured high-yield cash accounts, crypto trading, and U.S. equities and exchange-traded funds (ETFs), the company announced in a press release. Galaxy says it’s offering 4% annual returns on regular cash deposits and up to 8% for acc ...

Brazil’s largest investment bank, BTG Pactual’s crypto platform Mynt, has flagged five cryptocurrencies it believes are well-positioned for gains in October: bitcoin (BTC), ether (ETH), solana (SOL), avalanche (AVAX), and sky (SKY). The picks, outlined in a report authored by Matheus Parizotto and João Galhardo, reflect a broader optimism in the crypto market as U.S. interest rates ease and anticipation builds for new crypto ETFs. Bitcoin remains the dominant institutional pick, with more than $3.5 bil ...

Tether, the company behind the USDT stablecoin (USDT), is working with crypto miner financing firm Antalpha to raise at least $200 million for a new digital asset treasury for tokenized gold, Bloomberg reported Friday, citing sources familiar with the matter. The planned vehicle would stockpile Tether Gold (XAUT), a blockchain-based token backed by physical gold bars under custody in a Swiss vault. XAUT is the largest tokenized gold offering on the market with nearly $1.5 billion market capitalization. ...

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) 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 wi ...

Core Viewpoint - Bakkt's recent stock surge of 170% has not diminished its upside potential, as Benchmark has raised its price target significantly from $13 to $40 while maintaining a buy rating on the stock [1][2] Financial Metrics - Bakkt currently trades at 9.9 times estimated 2026 EBITDA, which is considerably lower than its peers: Coinbase at 24.1x, Robinhood at 45.5x, and Circle at 49.9x, indicating a relative discount and suggesting the stock is inexpensive given its growth profile [2] Strategic Developments - The stock rally supports the strategic reset under CEO Akshay Naheta, who has identified growth opportunities in crypto infrastructure, stablecoin payments, and a new bitcoin treasury strategy [3] - Bakkt has divested its custody division and is exiting its legacy loyalty business, which were costly and non-core, positioning the company to achieve profitability in the first half of 2026 [3] Leadership Changes - The appointment of fintech veteran Mike Alfred to Bakkt's board is seen as a positive move, bringing valuable experience in financial services and digital infrastructure, which is expected to enhance decision-making as the company scales [4]

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]