South Korea ramps up crypto seizures, will target cold wallets
South Korea ramps up crypto seizures, will target cold wallets
South Korea’s National Tax Service has warned that cold wallets are not beyond its reach, stating that it will conduct home searches to combat tax evasion.
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Bitcoin’s Mining Cycle Enters Reset Phase After Record Difficulty Surge
Over the past two weeks, Bitcoin’s hashrate has fallen by nearly 100 exahashes per second (EH/s) — signaling a slowdown in global mining activity. This decline coincides with a $2 drop in mining revenue per petahash (PH/s) since last month, reflecting tighter profit margins for miners amid fluctuating network conditions. Global Bitcoin Hashrate Pulls Back […]
Polymarket Token Coming Soon? Founder Teases Launch as NYSE and MetaMask Deals Expand
Polymarket is back in the headlines after founder Shayne Coplan posted a cryptic ticker string, $BTC, $ETH, $BNB, $SOL, $POLY, on X, stoking talk of a native Polymarket token and a potential airdrop for users. Related Reading: BNB’s Price Still Breaking Boundaries – Here’s Why It Surged Above The $1,300 Mark Community chatter is loud […]
- NEWSBTC
Trump Coin ETF Nears Mainstream Trading After DTCC Listing Sparks Investor Excitement
Canary Capital’s Trump Coin ETF (ticker: TRPC) has appeared on the Depository Trust & Clearing Corporation (DTCC) platform, a key milestone that typically indicates operational readiness for clearing and settlement. Related Reading: The Old Bitcoin Rules No Longer Apply, Arthur Hayes Warns While that energized traders, it’s not a green light to trade as the SEC must still approve the fund, and analysts broadly expect a decision no earlier than early 2026. Even so, the listing places TRPC alongside a growing wave of crypto-themed products, most notably 21Shares’ DOGE ETF, that signal rising institutional appetite for meme-coin exposure via regulated wrappers. TRUMP's price trends to the downside on the daily chart. Source: TRUMPUSD on Tradingview Market reaction: liquidity, open interest, and key price levels The DTCC move coincided with surging volumes on Binance, Bybit, and OKX, plus a 6% rise in open interest to $350.9 million, pointing to fresh positioning across derivatives. Technically, analyst, Mr. Albert, notes $7.00 has acted as a support zone, with a potential breakout above $7.80–$8.00 opening room toward the psychological $10.00. That path likely hinges on two catalysts: (1) regulatory progress and (2) treasury accumulation. On the latter, issuer-affiliated Fight Fight Fight LLC has floated plans to raise $200 million–$1 billion to build a token treasury and support market liquidity, an initiative that, if executed, could bolster price stability around inflection points. The underlying TRUMP token remains volatile, trading near $7.8–$8 and still 90% below its January peak around $75. That backdrop explains the appeal of an ETF structure offering brokerage access, standard settlement, and custody controls, features that larger allocators often require before deploying capital at scale. Will the SEC Say Yes to the Trump Coin ETF? What to Watch Next Experts caution that DTCC listing is not an SEC approval. Historically, the Commission has preferred to see robust, regulated futures markets before green-lighting spot products for novel assets. Until formal guidance arrives, a more incremental route (e.g., diversified funds or alternative structures) may be likelier than a standalone spot ETF going live in the near term. Related Reading: A Hidden Pattern On Dogecoin’s Chart Could Change Everything: Analyst Key watchpoints: Regulatory timeline: Any staff comments, amended filings, or rule-change notices tied to TRPC. Market microstructure: Sustained open-interest growth without excessive funding spikes, a sign of healthy, spot-led demand versus frothy leverage. Treasury actions: Verified updates on the proposed capital raise and buyback plan. The DTCC listing thrusts Trump Coin into Wall Street’s workflow, amplifying visibility and lowering operational friction. If $7.80–$8.00 breaks with volume, and regulator and treasury headlines cooperate, bulls will eye $10 next. Cover image from ChatGPT, TRUMPUSD chart from Tradingview
- NEWSBTC
XRP Price Outlook: Key Developments And A Potential New Record High Of $4
The XRP price has been struggling to break through the $3 resistance level, which has proved to be a formidable barrier for the token over the past two months. However, recent news of Ripple’s expansion into the Kingdom of Bahrain has sparked renewed optimism among investors, fueling new bullish predictions for the altcoin. Ripple’s New Partnership With BFB On Thursday, Ripple announced a strategic partnership with Bahrain Fintech Bay (BFB), the largest fintech incubator in the Kingdom. This collaboration aims to enhance Bahrain’s digital assets ecosystem by supporting the development of proofs-of-concept and pilot projects relevant to the local fintech landscape. The partnership will also showcase various solutions in areas like blockchain technology, cross-border payments, stablecoins, and tokenization. Ripple and BFB plan to lead educational initiatives and participate in local events to foster innovation and build industry partnerships. Related Reading: $200 Million Rescue Plan: TRUMP Meme Coin Fights For Survival Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, expressed enthusiasm for working with BFB to establish a robust local blockchain industry and to offer Ripple’s digital assets custody solution and its stablecoin, RLUSD, to financial institutions in Bahrain. Suzy Al Zeerah, Chief Operating Officer at BFB, echoed this sentiment, highlighting the partnership’s potential to bridge global innovators with Bahrain’s local ecosystem and to drive fintech innovation in the region. 4 Anticipated Catalysts For The XRP Price Looking ahead, analysts from The Motley Fool have pointed out that the US Securities and Exchange Commission (SEC) is expected to make a decision on the recent influx of XRP exchange-traded funds (ETFs) by October or November, which could significantly attract both retail and institutional investors. In July, Ripple applied for a US bank charter, a move that could also enhance the utility of XRP as a bridge currency. The analysts also highlighted the introduction of Ripple USD, which may appeal to international users looking to hedge against hyperinflation while lacking access to US dollars. Related Reading: Why The Bitcoin Price Might Never Drop Below $100,000 Again The anticipated rollout of sidechains to support Ethereum-based smart contracts on the XRP Ledger could also position Ripple as a more attractive option for developers. Speculation suggests that Ripple may make announcements regarding these sidechains at its upcoming Swell event in New York in early November. The Motley Fool’s analysts also believe the Federal Reserve’s (Fed) potential reduction of benchmark rates in 2025 and 2026 could catalyze a “crypto summer.” Such conditions might drive the XRP price upward, with eyes on the $4, which could mean a 42% rally in the coming months. When writing, the XRP price trades at approximately $2.81, resulting in a major gap of 23% between current trading prices and the altcoin’s all-time high set at $3.65. Featured image from DALL-E, chart from TradingView.com
Maestro’s Audited Indexer Unlocks Lending, Stablecoins on the Bitcoin Network
Maestro has released Symphony, the first audited, open-source bitcoin indexer that offers enterprise-grade performance and security for layer two solutions. Designed for Large-Scale Applications Bitcoin finance infrastructure provider Maestro has announced the open-source release of an audited bitcoin indexer. Known as Symphony, the indexer is expected to accelerate the development and adoption of sophisticated financial […]