Crypto Industry News & Market Trends

Top 200 crypto assets gain just 5% in five years as token supply slows

Cryptos 200 largest assets have gained just 5% since October 2021 even as annual new token supply has fallen from 26.5% to 3.3%, leaving the market roughly 35% below its long term trend, according to crypto market analyst Jamie Coutts.　　SummaryCryptos Top 200 has gained just 5% since October 2021 and remains roughly 35% below its long term trend, according to Jamie Coutts.Annual new token supply growth has fallen from 26.5% to 3.3%, while payouts to token holders have risen fivefold.Crypto projects spent approximately $638 million on token buybacks through August 2026, compared with $545 million during all of 2025.Altcoin market capitalization has gained around 45% since June, while 87% of Binance listed altcoins were trading above their 200 day moving averages by late September.Bitcoin ETF demand has remained stronger than other crypto funds, with flows into Ether and Solana products slowing after stronger September inflows.　　According to Coutts, the market cap weighted Top 200 has effectively gone nowhere over the past five years despite major changes in token issuance and how value is returned to holders. His analysis placed the market roughly 35% below a long run trend that has grown at around 35% a year since 2017.　　“Supply ate the demand,”

Yesterday 15:48Industry

FNB lets South Africans buy Bitcoin, crypto from R10

First National Bank (FNB) has launched cryptocurrency trading for South African customers through its existing investment platform, allowing users to buy five digital assets from R10 through a partnership with local exchange VALR.　　SummaryFNB customers can now trade five cryptocurrencies through existing share products starting from just R10.Bitcoin, Ether, XRP, Solana and USDT are available around the clock through the new service.VALR powers FNBs crypto offering and holds a South African crypto asset service provider license.Customers cannot transfer crypto into or out of FNB, keeping all trading inside its ecosystem.FNB plans more crypto investment options and educational material as customer demand for assets grows.　　FNB said customers can trade Bitcoin, Ether, XRP, Solana and Tethers USDT stablecoin through its share-trading products. The service runs 24 hours a day, seven days a week, instead of following normal stock-market hours.　　The bank forms part of FirstRand, South Africas second-largest banking group by assets. FirstRand reported roughly R2.7 trillion in assets in its latest reporting period.　　You might also like:　　South Africa crypto firms pause R2.2 billion in deals over exchange controls　　FNB customers can start buying crypto from R10　　Crypto Investing has been added to four existing FNB products: Share Saver, Share Builder, Share Investor and Share Zero.　　Customers use

Yesterday 15:42Industry

Naver Financial, Dunamu delay share swap for third time to March 2027

Naver Financial and Dunamu have postponed their comprehensive share swap for a third time, moving the planned completion from Dec. 31, 2026, to March 31, 2027, as regulatory reviews remain underway.　　SummaryNaver Financial and Dunamu have postponed their comprehensive share swap for a third time, moving the planned completion date from Dec. 31, 2026, to March 31, 2027.The shareholder record date has been moved to Jan. 18, while the extraordinary shareholder meeting needed to approve the transaction is now scheduled for Feb. 26.The deal still requires regulatory procedures including a Korea Fair Trade Commission business combination review and financial sector approvals linked to changes in major shareholders.Naver Financial plans to make Upbit operator Dunamu a wholly owned subsidiary through the share swap, while the companies said the transaction structure and purpose remain unchanged.Naver Financial intends to form an IPO committee within one year of completing the transaction, although no final decision has been made on a listing timetable or execution plan.　　According to Dunamus Oct. 7 disclosure, the companies have pushed the shareholder record date from Oct. 22 to Jan. 18, 2027, while the extraordinary shareholder meeting needed to approve the share swap has been moved from Nov. 19 to Feb. 26.

Yesterday 15:15Industry

Bitcoin Price Slips Below $84K as 20-Minute Flush Erases $400M in Longs

Bitcoin dropped about $1,765 in roughly 20 minutes early Wednesday, sliding under $84,000 and taking more than $400 million in leveraged long bets with it, three days before the anniversary of cryptos worst liquidation day.　　Key TakeawaysBitcoin fell from $85,341 to $83,790 between 01:45 and 02:10 UTC on Oct. 7.Onchain trackers counted $412.62 million in liquidations in one hour, with longs making up over 97%.Coinglass mapped the next big liquidity pool near $82,600, about $1,600 below todays price point.　　The 20 Minutes　　The descent started quietly at 01:45 UTC on Oct. 7, with a fifteen-minute stretch seeing BTC slip as low as $83,577, a drop of roughly 2.1% with almost no bounce in between.　　Some analysts put the one-hour total at $412.62 million, with short liquidations at just $11.79 million, meaning longs took more than 97% of the damage. Over 24 hours, long liquidations reached $479 million, and 104,836 traders were liquidated in total.　　The decline spread to the rest of the market at the same time as ether fell from about $2,688 to a low of $2,591, and XRP slid from $1.49 to $1.43 before both recovered slightly. A Coinglass market board posted shortly after showed nearly every top-20 asset in the red on

Yesterday 14:55Industry

Possible AI Crash Bullish for Bitcoin, Hayes Says

Former BitMEX CEO Arthur Hayes believes the AI investment mania will be a major positive catalyst for Bitcoin if it ends up crashing down.　　In an interview with CNBC at the Gamma Prime Investing Conference in Singapore, Hayes said that the excessive investments pouring into AI data centers are ripe for an oversupply.　　The current investment mania in AI is a multitrillion-dollar case of capital misallocation, said Hayes. At the end of the day, all this means is that we will have cheap and accessible massive compute power.　　This might be a painful journey for financial markets in the process.　　Why AI crash could be bullish for Bitcoin　　If the AI infrastructure boom leads to a major credit crisis, governments and central banks will eventually intervene, according to Hayes.　　They will inject additional liquidity into the financial system. In his opinion, Bitcoin and other cryptos are the likely winners of all this excess cash.　　The immediate catalyst for a Bitcoin boost is not necessarily an AI crash. Initially, a major deleveraging move could be negative for risk assets. But afterwards, the monetary response could be bullish for stocks.　　This could play out around 2027–2028, when the companies that promised all this massive compute power need to actually generate

Yesterday 13:21Industry

Solana DvP settlement requires 100% upfront cash for every trade

The published design of Solanas new institutional settlement program requires the full cash and asset legs of a trade to be available before it can execute the trade.　　Related Asset Solana #7 SOL · $118.24 24-hour change: down 1.66% Loading price history… 24H Down 1.66% 7D Down 0.97% 30D Up 12.39%　　Its atomic transaction can prevent a buyer from paying without receiving the asset, but the program supplies neither the cash nor the financing needed to reach that point.　　The Solana Foundation announced Solana DvP on Oct. 6 as an open-source standard for delivery-versus-payment settlement. The published design puts each sides tokens into a separate escrow, then moves both agreed amounts together. It also explicitly excludes netting, the process of offsetting obligations before paying the remaining balance.　　Institutions may benefit from a shorter wait for proceeds, while still needing to source the full amount for every trade they submit.　　The announcement provides no measured capital-saving result or total-cost comparison.　　Full funding and faster reuse　　Under the published program limits, one trade record covers one exchange between two parties. Both legs must be token accounts on Solana, and partial fills are not allowed. A bank-account payment made on another rail falls outside this atomic exchange.　　The settlement code at

Yesterday 12:30Industry

Abstract's Shutdown Lifts the Pudgy Penguins NFT Floor but Weighs on Its Token

Abstract, a blockchain built for consumer crypto apps, is shutting down after almost three years. It joins hundreds of crypto projects that have already closed in 2026.　　The news has turned attention back to Pudgy Penguins. The non-fungible token (NFT) floor price climbed, while its token, Pudgy Penguins (PENGU), moved the other way.　　Sponsored　　Sponsored　　Tens of Millions Later, Igloo Pulls Its Funding　　Abstract will go offline on December 15, 2026. Users must bridge their assets off the chain before then or lose access to them.　　The team blamed a restricted decentralized finance (DeFi) ecosystem, thin liquidity, minimal institutional crossover, and a limited budget for its stalled growth. Igloo also pointed to the high cost of running a standalone chain and weaker market demand.　　“We explored every angle behind the scenes over these last 12-months in an attempt to find product-market fit and make the chain scale. We wanted to make things work; but the chain landscape had changed radically and we were facing significant headwinds,” it said.　　Igloo Inc., the parent company of Pudgy Penguins, had been funding Abstract for the past 18 months, CEO Luca Netz said.　　“After losing tens of millions of dollars over two years, building consumer products, assembling an all-star team, onboarding some of

Yesterday 11:53Industry

Arthur Hayes Expects the AI Boom to Overbuild, Crash, and Hand Bitcoin the Bailout

Arthur Hayes has raised a warning about the artificial intelligence (AI) data center buildout. He expects the multi-trillion-dollar boom to end in a crash and a bailout.　　But why does that matter for crypto？ According to the former BitMEX CEO, Bitcoin (BTC) and other crypto would soak up the excess liquidity that follows.　　Sponsored　　Sponsored　　Who Pays for the AI Boom When the Data Centers Open？　　Estimates for the US buildouts cost range from $2.8 trillion by 2030 to $10.3 trillion by 2032, Forbes reported. Developers have already raised at least $1.3 trillion in debt, according to credit platform Atrium.　　However, Hayes described the spending as “wasting multi-trillion dollars.” He made the comments to CNBC at the Gamma Prime Investing Conference in Singapore.　　He said the buildout will leave computing power cheap and plentiful. SpaceX, OpenAI, and Anthropic drive much of the demand, yet none of them makes money, he added.　　Notably, Columbia economist Stijn van Nieuwerburgh says a 10% return on that spending requires $3.7 trillion in annual revenue by 2032.　　Once construction ends, infrastructure providers will seek payment for the compute AI companies committed to. Hayes expects that test in late 2027 or 2028.　　“If you study financial history and you study every single major technological rollout, it

Yesterday 11:53Industry

Goldman Sachs Says China Biotech Is Where Big Pharma Is Shopping Now

Big pharma is sourcing assets from China biotech as $440 billion of drugs lose patents through 2032, Goldman Sachs says. Salveen Richter, the banks lead US biotech analyst, says Chinese rivals could shorten product cycles at Western drugmakers.　　Yet Chinas five-year pharma plan, published Sept. 18, targets at least 25% of global first-in-class drugs by 2030. Those are medicines that work through a new mechanism rather than improving an existing drug.　　Sponsored　　Sponsored　　Is China Biotech a Supplier or a Rival for Big Pharma？　　AstraZeneca agreed last week to invest $2 billion in US-listed Summit Therapeutics. Summit licenses its lead cancer drug from Chinas Akeso.　　Overseas licensing deals for Chinese drugs have reached more than $120 billion in total value this year, Xinhua reported. That is up 36% from a year earlier.　　Richter, however, told CNBC that most Chinese work still builds better versions of existing drugs, which could flood the market.　　Meanwhile, she says Chinese developers are aiming for a foothold in obesity, the market behind Eli Lillys stock rally.　　Richter says acquirers could pay smaller premiums over market value for biotechs outside China.　　“I do think that best-in-class first-in-class innovation around the world will still get rewarded.”　　Sponsored　　Sponsored　　Salveen Richter, lead US biotech analyst at Goldman Sachs, speaking to CNBC　　Will

Yesterday 11:19Industry

Bitcoin Slide Wipes Out Over $400 Million in Crypto Longs: Reset or Warning？

Exchanges liquidated $403.58 million in leveraged crypto longs within one hour as Bitcoin (BTC) slid to about $83,800. That equals about 0.27% of open interest, the total value of unsettled futures contracts.　　Longs made up 97% of the $415.33 million total, so the flush hit one side of the market. However, it cleared only a small fraction of the leverage still outstanding.　　Sponsored　　Sponsored　　How Much Leverage Did the Flush Clear？　　The selling arrived in one burst. CoinGlass, a derivatives data tracker, logged 98% of the $412.99 million in four-hour long liquidations inside the final hour.　　Long liquidations (green) spiked as Bitcoins price (yellow) fell over the past 24 hours. Source: CoinGlass　　Over 24 hours, longs made up $487.02 million of $554.76 million in liquidations. That hour alone holds about 83% of the days long total.　　By comparison, the 10th-largest event on CoinGlasss all-time list reached $2.77 billion, about five times the 24-hour total.　　Ethereum (ETH) longs accounted for $155.12 million, ahead of Bitcoins $115.73 million, even though Bitcoin is the larger market. That gap may reflect sharper ETH losses, heavier leverage, or both.　　CoinGlasss header put open interest at $150.24 billion, down 2.45%. Because open interest is dollar-denominated, falling prices alone can account for part of that drop.　　Sponsored　　Sponsored　　Reset or

Yesterday 11:19Industry

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