Author: John Smith

Spark is deploying $100 million into Superstate’s crypto carry fund to capture basis trade yields as returns from its traditional Treasury holdings begin to soften across the market. Summary Spark allocated $100 million from its stablecoin reserves to Superstate’s Crypto Carry Fund. The move comes as U.S. Treasury yields fall to six-month lows. USCC claims to offer a 9.26% 30-day yield through crypto basis trading. According to an announcement on Oct. 23, the DeFi lending protocol Spark has allocated $100 million from its reserves to the Superstate Crypto Carry Fund, or USCC. USCC generates returns through a market-neutral arbitrage strategy,…

After a powerful multi-month rally, gold crashed on Oct. 21. It was the biggest gold price drop in more than a decade, falling from $4,330 to $4,030 in just a few hours. Gold’s market cap dropped by $2.1 trillion in a single day. As this amount is over half of the total crypto market cap, it raises the question of whether digital gold is a more reliable long-term investment than physical gold. Summary On Tuesday, the spot gold price fell 6.3% after reaching an all-time high at $4,381 the previous day. Other precious metals, like silver and platinum, saw a…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. WPA Hash releases a mobile app that lets users manage cloud mining and earn passive crypto income. Summary WPA Hash launches a mobile app that simplifies cloud mining, letting users earn passive crypto income. The new app enables users to manage mining, view earnings, and withdraw assets anytime, anywhere from their phones. With smart algorithms, WPA Hash’s app automates cloud mining, offering potential massive returns without technical expertise. WPA Hash has launched a new app, providing users with the…

Bitcoin price has pulled back from its highest point this year as traders booked profits and trade-related risks persist. Summary Bitcoin price has formed a rising wedge pattern on the weekly chart.  It has also formed a bearish divergence pattern. A mean reversion could push it below $60,000 in the near term. Bitcoin (BTC) was trading at $109,500 today, Oct. 23, down from the year-to-date high of $126,200, erasing billions of dollars in value. A closer look at the weekly chart shows that the coin has formed numerous bearish patterns that may drive it to levels below $60,000. Bitcoin price…

Bonk price shows fading momentum as low-volume trading signals weakening demand, with the price likely to retest lower support near $0.00001054 before any potential recovery. Summary Bonk trades mid-range between $0.00001054 support and $0.0000187 resistance. Declining volume indicates weak demand and bearish pressure. A retest of $0.00001054 could precede a range rebound if demand returns. Bonk’s (BONK) price action has weakened notably over recent sessions, with fading volume and a lack of bullish follow-through suggesting the market is losing momentum. Despite previous attempts to recover, the price action has failed to establish a strong bounce, remaining mid-range between key support…

Summary The forecast for XRP price is still cautiously optimistic as increased demand is fueled by ETF speculation. XRP price prediction is currently a range one, with resistance at $2.50 and $3.00 and solid support around $2.20 and $2.30. The path to $5.00–$5.50 may become accessible with a breakout above $3.50, particularly if institutional demand improves. Ripple’s network expansion, treasury accumulation, and ETF approvals might all be significant positive drivers. Uncertainty in regulations, poor ETF execution, and macro-driven changes in liquidity are examples of downside risks. In the short term, XRP is expected to consolidate between $2.20 and $3.00 prior…

Kalshi prediction market platform is drawing fresh investor interest at valuations of $10 billion to $12 billion, weeks after its $300 million funding round at a $5 billion valuation. Summary Venture capitalists are discussing investments that could more than double Kalshi’s valuation. Recent interest follows rapid growth after Kalshi’s 2024 court victory enabling presidential election contracts. Kalshi prediction market operator is attracting fresh investor interest at valuations exceeding $10 billion, people familiar with the discussions told Bloomberg. The offers come just weeks after the New York–based company closed a $300 million round at a $5 billion valuation, led by Andreessen…

Hyperliquid Strategies Inc. has filed for a $1 billion U.S. IPO to acquire and stake more HYPE tokens. Summary The firm plans to issue up to 160 million shares, with Chardan Capital Markets advising the offering. Proceeds will fund additional HYPE token accumulation and staking for long-term rewards. HYPE price jumped 10% to $38 amid optimism over institutional backing and ecosystem growth. Hyperliquid Strategies Inc. has filed an S-1 registration statement with the U.S. Securities and Exchange Commission to raise up to $1 billion. The company plans to issue up to 160 million shares of common stock, with Chardan Capital…

In a new blow for the decentralized finance industry, Bunni has announced its closure following a severe exploit that halted its operations. Summary Bunni DEX has shut down after losing $8.4M in a September exploit. Users can still withdraw assets, with a treasury distribution planned. Its smart contracts were open-sourced under the MIT license. Bunni, the decentralized exchange known for its liquidity innovations, has officially shut down following a major exploit that drained over $8.4 million in user funds. The decision was announced on Oct. 23 via the project’s official X account, where the team said the hack had halted growth and…

Midnight airdrop enters its next stage after the project mints all 24 billion NIGHT tokens on Cardano. Summary Cardano price fell 6.5% despite the excitement around the Midnight mint Midnight minted 24 billion NIGHT tokens on the Cardano Network The project has entered the Scavenger Mine phase, ahead of the Redemption phase One of Cardano’s most anticipated projects, the privacy-focused sidechain Midnight, hit a major milestone. However, despite this, Cardano saw increased volatility due to broader bearish market conditions. On Wednesday, October 22, the price of Cardano (ADA) fell 6.5%, from levels near weekly highs at $0.6718 to $0.6304. This…