Dogecoin Adoption: Holders Cross 8.1 Million, Ahead Of XRP & ADA
Dogecoin Adoption: Holders Cross 8.1 Million, Ahead Of XRP & ADA
On-chain data shows Dogecoin holders have broken the 8.1 million milestone. Hereâs how other cryptocurrencies like XRP and Cardano compare. Dogecoin Holder Count Above Other Altcoins, But Still Below Bitcoin & Ethereum In a new post on X, on-chain analytics firm Santiment has shared about how the various coins in the cryptocurrency sector currently compare [âŠ]
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- NEWSBTC
Satoshi-Era Bitcoin Whale Shorted $1.1B Before Tariff News â Insider Tip?
Bitcoin and the general crypto market have witnessed another significant downturn this year, with prices falling by double digits in the late hours of Friday, October 10. This bearish pressure started when rumors of a trade war between the United States and China emerged in the early hours of Friday. The downward pressure intensified after US President Donald Trump declared that the US would impose a 100% tariff on Chinese goods. As a result of this announcement, over $5.5 billion was liquidated from the crypto market in less than an hour, with the Bitcoin price briefly falling to as low as $101,500. Is This BTC Whale Linked To The US Government? In a recent post on X, on-chain analyst Maartunn highlighted a specific Satoshi-era Bitcoin investor who might have expected this downturn way before it happened. A look at the traderâs market moves suggests that the large BTC holder almost always knows something the market doesnât. Related Reading: Bitcoin Whales Are Back: Three Indicators Suggest A Run Toward $130,000 While the price of Bitcoin steadily dropped towards $117,00 during the day, blockchain analytics platform Lookonchain revealed that this Bitcoin OG kept piling up their short positions up to $1.1 billion. Following the BTC crash below $110,000, this large investor made a profit of over $160 million, leading to speculations about them having insider information. Maartunn went further to highlight the large holderâs activities in the past few months. According to the analystâs post on the social media platform X, this Bitcoin OG started selling part of their 86,000 Satoshi-era BTC stash when prices peaked around August 2025. Similarly, the BTC whale took to shaving off their holdings again when the Bitcoin price ran up to new highs in early October. Whatâs more interesting is that the Satoshi-era investor soon opened leveraged short positions on both Bitcoin and Ethereum on the Hyperliquid platform. Maartunn thought that the timing of these trades might be interesting, especially as the general crypto market soon witnessed a downturn due to President Trumpâs tariff announcement. The on-chain analyst then concluded that the âSatoshi-era OG have insider ties to the US government.â Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $113,250, recovering swiftly from the plunge to around $101,500. However, the premier cryptocurrency is still down by nearly 7% in the past 24 hours. Related Reading: Bitcoin Dominance Dilemma â Why Capital Flows Back To BTC Before Fuelling Altcoin Rally Featured image from iStock, chart from TradingView
Russia Now Allows Banks To Engage In Restricted Crypto Operations
In its latest move toward integrating cryptocurrencies into its financial framework, Russia has announced that domestic banks will be granted permission to engage in limited crypto operations under stringent regulatory conditions. Vladimir Chistyukhin, the First Deputy Chairman of the Bank of Russia, highlighted that this cautious approach aims to prevent commercial banks from making cryptocurrency [âŠ]
Indian Court Rules Wazirx Operator Responsible for Safeguarding Frozen Assets
Indiaâs crypto landscape just took a decisive turn as a landmark Bombay High Court ruling cemented crypto exchangesâ fiduciary responsibilities and strengthened protections for digital asset investors. Bombay High Court Ruling Reinforces Fiduciary Duties for Crypto Exchanges The Bombay High Court has upheld an arbitral tribunalâs order holding Zanmai Labs Private Limitedâoperator of the Wazirx [âŠ]
Chainlink (LINK) Price Builds Momentum as Reserves Grow and Jovay Network Integration Nears
Chainlink (LINK) is grinding higher above a key pivot, trading near $22.5 with a $15.25 billion market cap and roughly $1.68B in 24-hour volume. Related Reading: Ripple Execs Meet Luxembourgâs Finance Minister: A Deal In The Making? Positioning looks constructive as open interest has edged up to $1.38 billion (+0.43%), while derivatives volume climbed 10%, [âŠ]
- NEWSBTC
Global Banking Powerhouses Plan Issuing New Stablecoins Tied To G7 Currencies
A consortium of major banks, including Bank of America, Citi, Deutsche Bank, Goldman Sachs, and UBS, announced on Friday that they will collaborate to explore the development of stablecoins pegged to G7 currencies. A New Era For Crypto In Mainstream Finance The renewed interest in stablecoins comes in the wake of US President Donald Trumpâs endorsement of the sector, which has reignited discussions about integrating blockchain technology into mainstream finance. Currently, the stablecoin market is heavily dominated by Tether (USDT), based in El Salvador, which accounts for approximately $179 billion of the total $310 billion in stablecoins circulating, according to data from CoinGecko. The banks involved in this new initiative, which also includes Santander, Barclays, BNP Paribas, MUFG, TD Bank Group, and others, have stated that the goal is to assess whether a collaborative industry offering could enhance competition and bring the benefits of digital assets to the market, all while ensuring compliance. Related Reading: Is The Dogecoin Low In? Analyst Charts Path To $0.60 Notably, Franceâs Societe Generale recently became the first major bank to issue a dollar-backed stablecoin through its digital asset subsidiary, although it has seen limited adoption, with only $30.6 million currently in circulation. In addition to this consortium, a separate group of nine European banks, including prominent names like ING and UniCredit, is also in the process of launching a euro-denominated stablecoin. Meanwhile, Citi has made strides in the stablecoin space by investing in BVNK, a company focused on stablecoin infrastructure. Demand For Stablecoin Solutions Grows Although Citi has not disclosed the amount of its investment, the co-founder of BVNK, Chris Harmse, told during an interview with CNBC, that the companyâs valuation has surpassed $750 million, as reported in its latest funding round. Harmse remarked on the increasing demand for stablecoin infrastructure, particularly with the emergence of regulatory clarity through the passage of the GENIUS Act in the US. This has prompted major US banks to strategically position themselves in the crypto ecosystem. Citiâs CEO, Jane Fraser, has indicated that the bank is contemplating the issuance of its own stablecoin while also exploring custodian services for digital assets. However, Citi is not alone in its pursuit of digital asset integration; JPMorgan Chase has already launched its own stablecoin-like token, JPMD. Related Reading: Crypto Analyst Says Dogecoin Price Is âParabolic Codedâ To $1, Hereâs What It Means Banks are increasingly investigating how blockchain technologyâoriginally developed to support Bitcoinâcan reduce transaction costs and enhance processing speeds across various financial operations. This exploration includes the concept of tokenization, which involves creating digital tokens that represent traditional assets, such as deposits. For instance, Bank of New York Mellon is currently looking into tokenized deposits, while HSBC has already rolled out a tokenized deposit service. Featured image from DALL-E, chart from TradingView.com