Crypto Industry News & Market Trends

XRP Is Flashing 3 Bullish Signals Heading Into a Historically Weak October

XRP (XRP) is still flashing 3 bullish signals across its holders, derivatives, and ETF data. These signals come as the token gave back part of its September gains on Thursday.　　The token traded near $1.50 at press time, down about 6.3% over 24 hours, according to BeInCrypto Markets data. The pullback still leaves XRP up over 15.6% on the week, a gain that tracks a broader market rally.　　XRP (XRP) Price Performance. Source: BeInCrypto Markets　　Sponsored　　Sponsored　　Follow us on X to get the latest news as it happens　　Year-Long XRP Holders Are Still Underwater　　The first signal comes from wallets that have held XRP over the past year. The altcoins 365-day market value to realized value (MVRV) ratio sits near -11.75%, according to data from Santiment. A negative reading means the average wallet active over that period sits at a loss.　　Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK) hover slightly over 0%, while Dogecoin (DOGE) sits deeper at -19.26%.　　According to Santiment, a low MVRV tends to limit downside because fewer holders have profits to take. XRP holders stayed in the red after last weeks rebound.　　“Buying during that pain has historically offered better long-term setups,” the post read.　　365-Day MVRV Ratio of Major Coins. Source: X/Santiment　　Sponsored　　Sponsored　　Futures Traders Return in

09-24Industry

Bitcoin Whales Bought the Dip

Bitcoin breaks higher as large holders accumulate, but Wall Street money has also emerged as a major force behind the rally.　　Earlier this week, Bitcoin briefly tapped $87,000 for the first time since January before retracing and stabilizing near $84,000.　　But the “smart money” tier has continued to build its positions.　　Heavy Accumulation　　According to Santiment, Bitcoins whale wallets are stepping up accumulation. Wallets holding between 100 and 1,000 BTC have added 113,950 units since July 15. Their total holdings have increased 2.22% to around 5.24 million. Santiment has tracked this wallet group for five years and found that its activity has often aligned closely with the broader crypto market. In the past, periods of heavy accumulation have appeared before or during stronger Bitcoin price moves.　　This trend has continued as the crypto asset climbed sharply from mid-August. The data not only indicates that large holders have continued buying during the rally but also shows that the recent surge is not being driven only by retail traders.　　The recovery and the subsequent rise in optimism come as Bitcoin cleared an important level after moving back above its 365-day moving average, which was around $80,500. The last time it made a similar move was back in March

09-24Industry

Bitcoin price nears $84K as ETF inflows reach five days

Bitcoin has traded near $84,000 on Sept. 24 after rejecting the $87,000 area, while 100–1,000 BTC wallets accumulated 113,950 BTC and U.S. spot Bitcoin ETFs extended their net inflow streak to five sessions.　　SummaryBitcoin traded near $84,000 after retreating from $87,000 and meeting resistance around the $86,700 level.Wallets holding 100–1,000 BTC added 113,950 BTC since July 15, reaching roughly 5.24 million BTC.U.S. spot Bitcoin ETFs drew $346.98 million September 23, extending net inflows to five sessions.Binance Bitcoin open interest fell $500 million as leveraged traders reduced exposure after $87,000 push.Bitfinex placed a key buyer cost range between $85,000 and $86,500 after Bitcoins latest rally.　　CoinGecko data showed Bitcoin at $83,863.54 during the latest check, down 3.8% over 24 hours but up 9.9% over seven days. Trading volume stood near $42.69 billion, while the assets market capitalization was approximately $1.685 trillion.　　The pullback followed a run to $87,392 on Sept. 21, the highest print since Jan. 29, according to Bitfinex Alpha. In related crypto.news coverage of Bitcoins $83,600 Supertrend support test, BTC had already lost momentum after moving above $87,000 and falling back below $85,000.　　Bitcoin price stays above Rekt Capitals $82K support zone　　Crypto analyst Rekt Capital said Bitcoin was meeting resistance around $86,700 after

09-24Industry

PI price falls below $0.09 as bearish momentum returns

Pi Network price has fallen back below $0.09 on September 24 after its latest recovery failed near $0.093, leaving PI below its main daily moving averages as short term momentum weakened.　　According to the PI/USDT charts, Pi Network was trading near $0.0878 at the time of writing, after opening the daily session around $0.0881 and falling as low as $0.08765. The pullback followed an attempt to recover above $0.09 earlier this week, but buyers were unable to keep the token above that level.　　PI had already shown signs of losing momentum a day earlier. As crypto.news previously reported, the token reached $0.0926 on Sept. 23 before dropping back toward $0.088. The 50 day and 100 day moving averages were acting as overhead barriers during the move.　　Recent Pi Network developments have been more positive on the network side. More than 417,000 users were cleared to continue KYC, while Protocol V27 progressed through testing. The price response has remained limited despite those updates.　　Why is Pi Network price going down today？　　PIs latest decline comes after buyers failed to turn the recent move above $0.09 into a sustained breakout.　　The daily chart shows PI trading below its 20, 50, 100 and 200 day exponential moving averages. The

09-24Industry

Circle expands CCTP to EURC and cirBTC on Arc

Circle has expanded its Cross-Chain Transfer Protocol beyond USDC on Arc, bringing native EURC and cirBTC transfers into the network while preparing Gateway and Bridge Kit for additional multi-asset workflows.　　SummaryCircle expanded CCTP beyond USDC, enabling native transfers for EURC and cirBTC across Arc routes.EURC currently moves through CCTP across Arc, Avalanche, Base, Ethereum, and World Chain routes today.cirBTC CCTP support currently connects Arc and Ethereum, while Gateway integration remains planned for later.Gateway currently unifies USDC balances on Arc and Ethereum, with additional asset support coming later.Arc launched September 16 with USDC gas, institutional validators, and interoperability across twenty-plus blockchain networks.　　Arcs Sept. 23 update said Interop on Arc is now live with CCTP, Gateway and Forwarding Service integrated into the Layer 1, giving developers separate tools for native Circle-issued assets, third-party tokens, new multichain assets and unified balances.　　The latest deployment does not mean every Circle product already supports all three assets in the same way. CCTP is live for USDC, EURC and cirBTC on specific routes, while Gateway remains limited to USDC at launch. Circle says EURC and cirBTC support for Gateway is planned over time.　　CCTP is expanding beyond USDC.　　Developers can now move more supported assets across chains, including USDC, EURC,

09-24Industry

Galaxy adds $100M Sky token and institutional adoption is tested

Galaxy Digital has added $100 million of sUSDS, Sky Protocols yield-bearing savings token, to its corporate treasury and approved it as collateral for institutional clients, the companies said Sept. 23.　　Galaxy and Sky described the treasury position as complete, but their announcement gave no figure for client lending secured by sUSDS or the first completed loan. The decision makes the token eligible across Galaxys institutional trading business, with actual client uptake still undisclosed.　　Galaxy reported holding $100 million in sUSDS and separately made the token eligible as collateral for institutional client loans.　　The attraction is a token that continues to accrue a savings return when pledged. Under the announced arrangement, clients who post sUSDS against a loan keep accruing the Sky Savings Rate on the full position while the loan runs.　　Related Company Galaxy Digital Digital asset management firm　　Sky says governance sets that rate and funds it from aggregate protocol surplus, and that holders keep the same number of sUSDS tokens as the amount of USDS redeemable for each token increases as it accrues. The savings rate can change, so future accrual is not fixed.　　For a borrower, that design could offer access to credit while retaining a savings position. The financial result would depend

09-24Industry

FedNow readies cross-border support for U.S. banks

FedNow has moved closer to supporting cross-border payments as Federal Reserve Financial Services prepares early institutions to test enhanced messages for the U.S. leg of international transactions.　　Federal Reserve Financial Services announced the next phase on Sept. 23, saying participating financial institutions will be able to combine FedNow domestic settlement with established correspondent-banking arrangements that move the international portion of a payment.　　The planned capability does not turn FedNow into an end-to-end global settlement network. FedNow would settle the U.S. portion between participating domestic institutions, while banks or other approved intermediaries would continue handling the overseas leg through the cross-border arrangements selected by each participant.　　FedNow going cross-border is not what it sounds like.　　The Feds own proposal: a correspondent bank handles the international leg, FedNow settles the US domestic leg in seconds. The foreign mile still runs on whichever rail the correspondent picks.　　So the slow, expensive part of… https://t.co/JPFYngLJUv　　— Wave of Innovation (@wave_of_innov) September 23, 2026　　FedNow cross-border payments will keep a domestic settlement leg　　The Federal Reserve has been preparing the legal structure for this model since April, when the Board proposed amendments to Regulation J allowing FedNow participants to use intermediaries other than Federal Reserve Banks in a funds transfer. Current rules have

09-24Industry

Cardano proposal slashes fees by 55%, but it comes with a cost for small pools

A new Cardano governance action proposes cutting the minimum from 170 ADA to 75 ADA, this time without the Plutus memory-limit change that brought stake pool operators into the previous ballot.　　Related Asset Cardano #14 ADA · $0.24 24-hour change: down 6.07% Loading price history… 24H Down 6.07% 7D Up 22.13% 30D Up 5.25%　　The proposal drops one voting requirement that stopped the earlier action. Approval is pending, and each pool would still set its own declared fee.　　Delegators in a small pool can lose a large share of a thin epoch reward to its fixed charge before their share is calculated. Meanwhile, operators rely on that charge for income, and those with little delegated stake already face uneven block production.　　A lower floor would give them more room to compete on price, while leaving each operator to decide whether to use it.　　A different ballot leaves the reward question open　　The earlier action paired the same pool-cost reduction with higher Plutus memory limits. It expired on Sept. 1 after DRep yes votes reached 68.6%, above the 67% threshold, and five of seven Constitutional Committee members voted yes.　　Stake pool operator support reached only 34.5% of counted stake, short of the required 51%. The memory-limit component made

09-24Industry

Bitcoin slips below $85,000 as 5% Treasury yield returns to haunt risk assets

Bitcoin fell below $85,000 on Sept. 23 after stronger-than-expected US business activity sent Treasury yields higher and flushed leveraged longs.　　Related Asset Bitcoin #1 BTC · $84,481.29 24-hour change: down 1.98% Loading price history… 24H Down 1.98% 7D Up 11.13% 30D Up 7.12%　　The reversal broke the momentum behind a rebound that had accelerated as Bitcoin pushed through a large concentration of short positions earlier this week.　　Selling intensified after S&P Global released its September flash purchasing managers indexes. Within an hour, $135.8 million of crypto positions were liquidated, according to CoinGlass, with longs accounting for $125.9 million. Bitcoin accounted for $47.4 million of the wipeout, and Ether another $23.9 million.　　Over the past 24 hours, losses total $510 million across 122,256 traders, with long traders losing $363.83 million.　　The reaction reflected how quickly the rate backdrop turned against a market positioned for further upside. The latest economic data showed US growth accelerating as businesses reported renewed cost pressures, strengthening the case for interest rates to remain elevated.　　Hot US growth sends Treasury yields above 5%　　S&P Globals composite PMI climbed to 58.4 in September, its highest level in more than five years, while the services index rose to 58.7 and manufacturing reached 57. All three readings

09-24Industry

Hut 8 Wins $140M Bid for Poolins Texas Data Centers

Hut 8 has emerged as the winning bidder for two Texas data center sites formerly operated by bankrupt crypto miner Poolin. The company offered $140 million in cash and other consideration for the Pyote and Tarbush facilities.　　However, the transaction still requires approval from the U.S. Bankruptcy Court for the District of New Jersey. The court has scheduled a sale hearing for Sept. 29.　　Hut 8 Expands Texas Infrastructure　　The offer significantly exceeds the initial $52 million stalking-horse bids for both properties. Thor CALAP had offered $15 million for Pyote and $37 million for Tarbush.　　Additionally, DigiPower X submitted a $36.5 million backup bid for Pyote. Pecos Industrial Development also proposed $100.5 million for Tarbush.　　Consequently, Hut 8 now stands to add more infrastructure to its expanding data center portfolio. The company has increasingly shifted its focus toward artificial intelligence infrastructure.　　Poolins Bankruptcy Adds Context　　Poolin and two U.S. affiliates sought Chapter 11 protection in July after ending operations at the Texas sites. Court filings showed roughly $173.1 million in obligations.　　Around $163.7 million involved unsecured claims from Poolin Wallet users. The company froze withdrawals in 2022, creating substantial liabilities.　　Moreover, Hut 8 reported an 8.7-gigawatt development pipeline during its second-quarter results. It also secured 949 megawatts of contracted

09-24Industry

...

109111

...

1000