Crypto Industry News & Market Trends

Brazils Petrobras uses Cardano to track sustainable aviation fuel, renewable diesel

Brazilian state-controlled oil company Petrobras has developed two blockchain applications using Cardano to track sustainability data for sustainable aviation fuel (SAF) and its Diesel R renewable fuel.　　According to a Wednesday announcement from the Cardano Foundation, the first application, developed with PUC-Rios Ledger Labs, tokenizes environmental attributes associated with SAF into digital tokens designed to prevent the same claim from being used more than once.　　The application uses a Book-and-Claim model, which allows the environmental benefit to be separated from the physical fuel and assigned to an airline, company or passenger even if the SAF is used elsewhere.　　The tokens, known as CS-SAF, contain metadata aligned with the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). Passengers can also claim CS-SAF tokens through an application and receive a certificate tied to their journey and associated environmental claim.Source: Cardano Foundation　　The second application creates digital checkpoints to track the production, transportation and use of Diesel R, Petrobras‘ renewable diesel fuel. The Cardano Foundation said the data could support Scope 3 reporting, which covers indirect emissions across a company’s value chain.　　The projects are part of an ongoing research and development collaboration that began in 2023 with blockchain education for Petrobras employees and expanded in 2025

10-01Industry

Bitcoin Price Gives Up Gains After Short-Lived Pump to $85.5K

Bitcoin pumped above $85,500 on Wednesday morning following the release of lower-than-expected U.S. PCE inflation data for August—but a quick pullback erased most of the gains.　　Key TakeawaysBitcoin shot above $85,500 on Wednesday following lower-than-expected August PCE inflation data.Intraday volatility led to $55 million in short bets being liquidated within four hours.Analysts and chartists like Ted Pillows project a potential pull-back into the high $70,000s before a rally.　　PCE Data Triggers Intraday Volatility　　Bitcoins price briefly spiked to $85,500 on Wednesday before a sell-off nearly erased the gains, leaving the cryptocurrency marginally higher just hours before September comes to a close. The rally appeared to have been sparked by the release of U.S. inflation data, which showed slower-than-expected price increases in August.　　As shown on the daily chart, before its morning surge, bitcoins price fluctuated in the $83,000 to $83,500 range, continuing a pattern that emerged following its plunge to $82,555 on Monday. While it surpassed the $83,500 resistance a few times between Tuesday afternoon and the early hours of Sept. 30, bearish pressure dragged it back below the threshold each time.　　Moments before the personal consumption expenditures (PCE) data release, bitcoin reclaimed $83,500, reaching $83,700 around 8:20 a.m. EST. According to Bitstamp data, bitcoin

10-01Industry

UKs 2027 crypto rules let firms remove trust protection from Bitcoin lent for yield

UK crypto firms can now apply for authorization as of Sept. 30, bringing Bitcoin holders closer to a rulebook that will treat coins pledged as qualifying borrowing collateral differently from coins transferred into lending for yield. The distinction could matter when a platform fails: safeguarded assets and a contractual promise to return equivalent coins give customers different starting points for seeking recovery.　　Related Asset Bitcoin #1 BTC · $84,138.20 24-hour change: up 1.22% Loading price history… 24H Up 1.22% 7D Up 0.25% 30D Up 6.96%　　The Financial Conduct Authority now allows firms to apply for authorization or vary their permissions through its Connect system. But the safeguards in the rules it finalized June 30 are forthcoming, with the new regime expected to begin Oct. 25, 2027. An application today does not establish authorization or bring those protections into effect.　　The central distinction concerns what a platform is allowed to do with customer assets. Under the future rules, covered custody generally requires a safeguarding trust under CASS 17, the crypto custody chapter of the FCAs Client Assets Sourcebook. Retail collateral supporting an in-scope crypto borrowing service must remain safeguarded, with a narrow debt-discharge exception. A qualifying lending service can instead use an exemption from

10-01Industry

Singapore crypto activity grows 55% as broader region contracts

Singapores crypto activity rose 55.4% to $284 billion in the year ended June 2026, bucking a regional contraction and regaining its position as the largest crypto economy in Central and Southeast Asia and Oceania (CSAO), according to Chainalysis.　　Much of the growth came from institutional platform activity, which increased 94% to $60 billion, concentrated among a small number of market makers, over-the-counter trading firms, and institutional brokerages. Chainalysis said the broader CSAO crypto economy contracted 6.8% over the same period.　　“The growth in Singapores institutional platform ecosystem was very concentrated and marked by mostly high-volume activity by existing platforms rather than the dynamic entry of new services,” Chainalysis told Cointelegraph.　　The findings come as Singapore has been working to tighten crypto regulation while supporting tokenization, stablecoins and digital-asset settlement.　　Total crypto economic activity in CSAO. Source: Chainalysis　　In 2025, MAS required local crypto firms serving overseas clients to obtain a license or exit, a move StraitsX CEO Tianwei Liu said reduced speculative activity while leaving more institutional players, including banks and large companies, using blockchain in production.　　At the same time, MAS has expanded tokenization and settlement initiatives. Its BLOOM program supports trials using regulated stablecoins and tokenized bank money. On March 25, Ripple joined the

10-01Industry

Ethereum schedules Glamsterdam upgrade on Sepolia for Oct. 6

Ethereum developers have scheduled the networks next major upgrade, Glamsterdam, to activate on the Sepolia testnet on Oct. 6.　　Sepolia node operators must update both their execution-layer and consensus-layer clients before the activation, the Ethereum Foundation said Monday.　　One of Glamsterdam‘s changes is enshrined proposer-builder separation. It will move the handoff between specialized block builders and validators into Ethereum’s protocol, reducing reliance on outside middleware.　　Glamsterdam will introduce block-level access lists, which record the accounts and storage locations used during each block.　　The upgrade will also change gas pricing to better reflect the cost of creating and accessing data on Ethereum. Contracts that rely on fixed gas stipends or hardcoded gas limits may require changes, the foundation said.　　Developers have not set dates for its rollout on the validator-focused testnet Hoodi or on mainnet.　　Developers are targeting 2027 for Hegotá, the upgrade expected to follow Glamsterdam.　　Ethereum co-founder Vitalik Buterin said Sunday that Hegotá could be the networks last “normal” fork before development shifts toward recursive STARKs, automated formal verification, optimized consensus and quantum-safe cryptography.

09-30Industry

XRP Ledger starts carrying fund records from Brazil operator overseeing $4 trillion

SummaryCSD BR is recording ownership of selected BTG Pactual investment funds on the public XRP Ledger, while its database remains the official record for registration, custody and settlement.The blockchain copy is intended to let approved institutions verify ownership changes in real time, reducing the slow and costly reconciliation process while preserving identity checks and regulatory controls.After testing the system with live fund records, CSD BR and Ripple plan to explore issuing and trading assets directly on the ledger, potentially including real-estate and agribusiness receivables.　　A Brazilian financial-market operator responsible for more than 22 trillion reais of registered assets, roughly $4 trillion, has begun putting records for investment funds run by BTG Pactual, Latin Americas largest investment bank, onto the XRP Ledger.　　CSD BR, which operates regulated registration, securities-depository and settlement systems in Brazil, will use the public blockchain as a second record of who owns shares in selected BTG Pactual investment funds, per a release shared with CoinDesk.　　A depository keeps the official list of who owns which securities. When an investor buys into a fund, the depository updates its records, while the banks acting for investors keep books of their own and regularly check them against the depositorys to make sure the

09-30Industry

AERO price prediction - Identifying the next short-term target for the altcoin

Aerodynamic Finance (AERO) is back on traders watchlists after staging a sharp recovery over the last 24 hours. The rally came shortly after the token faced heavy rejection around the $0.72–$0.82 imbalance zone after a day of bearish correction.　　Instead of extending its decline, buyers stepped back in and drove AEROs price up by 12%, shifting short-term momentum back in favor of the bulls. These bullish advances were not only driven by spot buying, but also derivatives data. This could be evidence of growing confidence among traders.　　Source: TradingViewFutures market turns bullish　　Besides the bullish technical set up and indicator, the networks Open Interest rose by double digits over the past 24 hours, showing that fresh capital has been entering the market rather than existing positions simply rotating. At the time of writing, the total Open Market exposure amounted to $38 million after an 11% spike.　　Source: Santiment　　At the same time, long positions seemed to be making up around 65% of total market exposure. The spike suggested that most traders have been positioning themselves for further upside, instead of another pullback.　　Source: CoinalyzeWhales are adding to the momentum　　As far as the token‘s holders’ sentiment is concerned, the networks whales have been making strategic moves across

09-30Industry

Euro stays pressured near YTD low below 1.1350 vs USD ahead of US PCE

The EUR/USD pair remains under some selling pressure for the third straight day and trades around the 1.1330 region during the Asian session on Wednesday, near its lowest level since May 2025, which it touched the previous day. Moreover, the fundamental backdrop seems tilted in favor of bearish traders and suggests that the path of least resistance for spot prices is to he downside.　　The European Central Bank (ECB) President Christine Lagardes dovish-leaning comments on Tuesday leaned against market bets for another rate hike in October, which is seen as undermining the shared currency. The US Dollar (USD), on the other hand, retains its bullish bias near a two-month high and turns out to be another factor exerting some downward pressure on the EUR/USD pair.　　The initial market reaction to New York Federal Reserve (Fed) President John Williams comments on Tuesday, saying that the US central bank need not rush its next move, turns out to be short-lived as traders are still pricing in over a 90% chance of a rate hike by the year-end. Adding to this, the US-Iran standoff underpins the safe-haven buck and validates the negative outlook for the EUR/USD pair.　　In fact, hopes for a diplomatic solution to end

09-30Industry

Kalshi Valuation Could Nearly Double to $40B: What Would Justify It？

Kalshi is in advanced talks to raise about $1 billion at a valuation near $40 billion, according to Reuters, nearly double its price valuation from May.　　Kalshi, a US exchange for trading real-world event outcomes, would gain about $18 billion in value since May, a jump of roughly 82%.　　What the Kalshi Valuation Implies for Revenue　　Tiger Global and Dragoneer Investment Group are among the reported investors. Sequoia Capital and Wellington Management are in talks to lead the round.　　Sacra, a private markets research firm, estimates Kalshi hit $3.5 billion in annualized revenue in June. That compares with $735 million in 2025. At $40 billion, the estimate implies a multiple of roughly 11 times revenue.　　Kalshis own May disclosure was more modest, putting annualized revenue above $1.5 billion.　　Kalshis growth has been outpacing it close rival Polymarket. Image Source: Sacra　　Sacra calculates that sportsbook operator DraftKings trades at about 2.1 times revenue. Sports contracts, however, make up roughly 80% of Kalshis volume.　　Matching the DraftKings multiple at $40 billion would require about $19 billion in annual revenue. That is more than five times Sacras June estimate.　　Investors appear to be pricing a different business. Reuters reports Kalshi wants to become a multi-asset trading platform. That would pit it against

09-30Industry

Indonesian Rupiah gains on robust Chinese PMI data, budget assurance

USD/IDR extends its losses for the second consecutive day, trading around 17,860 during Asian hours on Wednesday. The pair depreciates as the Indonesian Rupiah (IDR) gains strength, driven by improving market sentiment following stronger economic activity in China, Indonesias top trading partner.　　Official data from China‘s National Bureau of Statistics (NBS) showed the Manufacturing PMI creeping back into expansion territory at 50.1, matching market forecasts and recovering from August’s 49.8 reading. Meanwhile, the NBS Non-Manufacturing PMI saw a notable boost, rising from 49.0 in August to 50.2, comfortably beating the market expectation of 49.3.　　Private sector data further highlighted China‘s economic momentum across broader sectors. China’s RatingDog Manufacturing PMI climbed to 52.1 in September, outperforming both the previous reading of 51.5 and the 51.6 consensus estimate. Additionally, the Services PMI edged up to 51.6, topping both the prior months 51.4 and the expected 51.1, signalling steady overall improvement.　　Investor confidence in the Rupiah received an extra boost from domestic policy assurance. Indonesias Finance Minister Suahasil Nazara reassured lawmakers that the state budget was designed with prudence and credibility to effectively buffer the national economy against persistent global uncertainty.　　However, the downside of the USD/IDR pair could be restrained as the US Dollar (USD) gains

09-30Industry

...

6870

...

1000