Latest Crypto News & Market Updates

Bitcoin Price Dips Below $83K as 129,197 Traders Get Wiped out

Roughly $500 million in leveraged crypto bets were liquidated in a single day as the bitcoin price slipped under $83,000, and the push came from outside crypto, namely oil, bonds and a rare gold rout.　　Key TakeawaysAbout $500M in positions and 129,197 traders were liquidated in 24 hours as BTC broke below $83,000.Gold fell 3.4% on Sept. 28, a 2.9-sigma move The Kobeissi Letter ranks among the rarest since 2006.CME Fedwatch puts October hike odds at 70.3%, leaving $82,000 and $79,500 as the levels traders watch.　　It Started With Oil　　The chain reaction began on Monday, Sept. 28, when President Donald Trump rejected Irans latest proposal to reopen the Strait of Hormuz. As a result, Brent crude climbed back above $100 a barrel, up 3.2% on the day.　　Higher oil means stickier inflation, and markets moved fast to price that in, with the CME Fedwatch tool showing traders assigning a 70.3% probability to an October Federal Reserve rate hike, up from 64.2% a day earlier, per a USAGOLD market report. The 10-year Treasury yield climbed back above 5.2%, while the 30-year topped 5.3%.　　Lastly, Bitcoin.com News recently asked whether oil really moves bitcoins price, and the answer was a “no and yes.” This week landed

09-29Industry

Peter Brandt Names Stellar (XLM) as Long-Shot Crypto Pick

Veteran commodity trader Peter Brandt has singled out Stellar (XLM) as a cryptocurrency worth watching over the next several years.　　“If you want to bet on a long shot (next few years), $XLM is a good pick,” Brandt wrote in a recent social media post.　　The trader accompanied his comment with a long-term monthly chart of XLM.　　XLM price spikes nearly 7%　　Brandts post comes as Stellar is enjoying some notable upward momentum.　　XLM is currently trading at roughly $0.2233, up 6.9% over the past 24 hours. The token traded between $0.2071 and $0.2343 during the same period, meaning it briefly climbed more than 13% from the session low to the intraday high.　　The rally has been boosted by some developments surrounding the Stellar ecosystem. On Sept. 22, stablecoin infrastructure provider BVNK announced that it had integrated Stellar into its payments platform. As reported by U.Today, Stellar has also recently added the USDT0 stablecoin.　　Brandts massive XLM chart　　The monthly XLM/USDT chart stretches all the way back to the 2017-2018 cryptocurrency boom. It shows a huge descending trendline connecting the major historical peaks and extending through the 2021 and subsequent market cycles.　　At the same time, Brandt draws an upward-sloping support line underneath XLMs long-term price action. Together, the

09-29Industry

Coinbase powers Citi’s new stablecoin rails, and corporate banking faces a major shift

Citi institutional clients can now accept stablecoin payments through Spring by Citi using Coinbases payments infrastructure, Coinbase said on Sept. 28.　　Related Company Coinbase A leading digital currency company　　The exchange also said its Virtual Accounts can automatically convert incoming fiat into stablecoins using Citis Virtual Account Wallet. The announcement gives the companies earlier digital asset payments partnership two defined uses, one for receiving stablecoins and the other for moving money received in a conventional currency into them.　　For Citis institutional clients, the relevant service is Spring by Citi, as Coinbase supplies the infrastructure that enables stablecoin acceptance through it. A business using that route would begin with a stablecoin payment.　　Coinbase describes the capability as available now, but its announcement does not identify a client that has processed a payment through Spring or disclose how much has been transacted.　　Coinbase Virtual Accounts address the other side of the exchange between traditional money and stablecoins. Citis Virtual Account Wallet powers the accounts, which Coinbase says give customers fiat wallets that automatically convert incoming fiat.　　The described flow starts with a traditional currency payment and ends with stablecoins in the customers account. The company has not specified the eligible currencies or stablecoins in the public summary, so

09-29Industry

Coinbase can now settle derivatives 24/7 with USDC

Share　　Link copied　　Coinbase has secured U.S. Commodity Futures Trading Commission registration for Coinbase Clearing LLC, giving the exchange its own regulated clearinghouse for fully collateralized derivatives.　　SummaryCFTC registered Coinbase Clearing LLC to clear fully collateralized futures, options on futures, and swaps.Coinbase Clearing completes the companys U.S. derivatives stack alongside its FCM and designated contract market.The new clearinghouse will use USDC collateral and support settlement around the clock, Coinbase said.Coinbase will keep external partners for margined derivatives and its planned U.S. single-stock perpetual products.Coinbase applied for DCO registration in November 2025 before receiving CFTC approval on September 28.　　Coinbase announced on Sept. 28 that the CFTC approved Coinbase Clearing as a Derivatives Clearing Organization, or DCO, completing the companys regulated U.S. derivatives structure across exchange, brokerage and clearing operations.　　The CFTC lists Coinbase Clearing as registered from Sept. 28, with permission to clear fully collateralized futures, options on futures and swaps. The registration does not give the new clearinghouse authority to handle Coinbases margined derivatives business.　　The CFTC has approved the launch of Coinbase Clearing LLC, our own USDC-native clearinghouse.　　Built for 24/7 settlement with USDC collateral, Coinbase Clearing completes our full stack of regulated derivatives infrastructure. 　　Coinbase calls the new entity the first USDC-native clearinghouse and

09-29Exchange

Nvidia's CEO draws Pope Leos criticism as AI safety concerns surge 50%

Pope Leo XIV has condemned US President Donald Trump and Nvidias CEO, Jensen Huang, for downplaying the threat posed by AI technology. The Pope said that ignoring the threats posed by technology endangers our common future, and that the world should take human safety more seriously.　　Earlier this month, Huang rejected the idea of new rules to protect people from potential risks posed by artificial intelligence, contrary to some other executives‘ views. He noted, “We don’t need new laws — we dont need new regulations.”　　He further asserted that developers should not have to choose between moving fast and staying safe, insisting that rapid technological progress and robust security can absolutely go hand in hand.　　More recently, the firm just launched new AI safety tools, including its watchdog system Sentry. Pope Leo told reporters he saw the firm‘s safety-related rollout, but he questioned how dedicated Huang really is to safety, given his opposition to federal oversight. “He’s the same one, however, that says there should be no limits placed and no government regulation,” he said.　　Discover more　　Bitcoin price tracker　　Coinbase trading platform　　FINANCE　　Pope Leo asks leaders to cooperate in addressing AI safety concerns　　In the first days of taking office, Pope Leo XIV had designated AI as

09-29Industry

Who Is John Waldron？ Goldman's Likely Next CEO and His 2021 Bitcoin Remarks

John Waldron, long seen as Goldman Sachs next CEO, said in 2021 that client demand for Bitcoin (BTC) was rising. That remark offers a view into how he approaches crypto.　　The Wall Street Journal reported that Goldmans board discussed a handover from David Solomon. Waldron could take over around the end of 2027 or in 2028, though the bank says no definitive timeline exists.　　Sponsored　　Sponsored　　Who Is John Waldron, Goldmans Likely Next CEO？　　Waldron, 57, joined Goldman in 2000. He became co-head of investment banking in 2014. Since October 2018, he has been president and chief operating officer (COO), the same month Solomon was named CEO.　　In 2025, the board added him as a director and gave him a retention bonus. Wells Fargo analyst Mike Mayo has linked his expected rise to that award.　　It was reported that Waldron is unlikely to change the strategy Solomon devised.　　“They have been driving Goldmans priorities together.”　　Mayo said of Waldron and Solomon.　　Sponsored　　Sponsored　　Meanwhile, Waldron has led one major initiative. The banks proxy statement credits him with developing OneGS 3.0, an AI-driven efficiency plan. A staff memo in October 2025 capped headcount growth through year-end and flagged limited role cuts.　　What Did Waldron Say About Bitcoin in 2021？　　In March 2021, Waldron said more

09-29Industry

Bitcoin holds $83,000 as ZEC drops 12% and oil climbs again

“Bitcoin has pulled back to $83K, testing the lower boundary of last weeks consolidation range,” Alex Kuptsikevich, chief market analyst at FxPro, said in an email to CoinDesk. As with the market as a whole, a retest of the $82K region, where peaks were formed in May and early September, is entirely to be expected under current conditions.　　“Looking ahead, a sustained return to prices below $80K would be an important signal that the market is not ready to move higher for some time yet. If, however, this consolidation is soon followed by a new bullish momentum, it could send the leading cryptocurrency well above $90K,” he added.　　The pressure is coming from bonds and oil.　　Treasuries steadied in Asia after tumbling during U.S. trading, with the 10-year yield up one basis point to 5.25% after reaching its highest level since 2007 on Monday. A higher guaranteed return on government debt raises the bar for holding assets that pay no income, bitcoin among them.　　Brent rose more than 1% to nearly $107 a barrel, its second straight gain, as hopes for an imminent diplomatic breakthrough with Iran faded.　　Pricier oil feeds into inflation, and traders have been adding to bets that the Fed will raise

09-29Industry

US bank group taps Quant for tokenized deposits, but QNT's role is left in doubt

Bank-owned US payments operator The Clearing House has chosen Quant to supply software for a planned network for tokenized bank deposits.　　The September 24 deal gives Quant a role in moving digital representations of bank deposits between institutions, but it doesn‘t address whether those transactions require Quant’s QNT utility token.　　QNT registered an intraday high of $373 on Sept. 27, but retraced heavily on Sept. 28, registering an intraday low of $195.35 before rebounding.　　What Quant will provide　　The Clearing House announced its On-Chain Money Initiative in June as a way for banks to clear and settle tokenized commercial-bank deposits across institutions. Unlike a publicly issued stablecoin, a tokenized deposit remains a claim on the issuing bank.　　The planned network would connect this activity to established fiat payment systems, so bank money could move between on-chain and conventional infrastructure. The Clearing House says it aims to support immediate settlement and payments that trigger when agreed conditions are met.　　On Sept. 24, The Clearing House selected Quant for the layer that connects systems, orchestrates activity and manages transactions. Its technology is also intended to link the network to RTP and CHIPS, two existing Clearing House payment systems.　　Quants announcement described the same role and said it will offer

09-29Industry

Brazil Bans Online Betting Before Election, Keeps $492M in Licensing Fees

Key TakeawaysBrazils Provisional Measure 1,394 bans sports betting and online casinos, with sites offline from Oct. 6.The 85 license holders get no refund of the $492 million they paid, and operators plan to sue.A companion bill would criminalize processing betting payments, including through crypto.　　A Seismic iGaming Change Just Before Presidential Vote　　Brazils Provisional Measure 1,394 was published in an extra edition of the official gazette on the evening of Sept. 25 and took effect immediately. It prohibits the operation, offering, intermediation and advertising of all fixed-odds betting in Brazil, covering real sporting events and online casino games alike.　　The ban explicitly reaches operators based abroad that serve people in Brazil, and it also ends betting concessions granted by Brazilian states. Other lotteries authorized by law are exempt. President Luiz Inácio Lula da Silva signed it at a ceremony in São Paulo, where Finance Minister Dario Durigan presented the measure. The move follows a week of reports that the government was drafting a ban by decree.　　New deposits have been barred since publication. According to the government‘s timetable, bettors have until 11:59 p.m. on Oct. 5 to withdraw their balances, and licensed sites and apps go dark from midnight on Oct. 6. Bets not

09-29Industry

Janus Henderson Macro Head Says Market Is Near Its Top but Cannot Say When

Michael Contopoulos, head of multi-asset macro investing at Janus Henderson Investors, said the market is nearing its top. He cannot say when the cycle will turn.　　He discussed the recent jump in interest rates and the health of the US economy on CNBCs Fast Money.　　Janus Henderson Sees a Late Cycle but a Healthy Economy　　The Federal Reserve voted 12-0 on Sept. 16 to raise rates by 25 basis points, its statement shows. That lifted the range to 3.75% to 4%.　　Discover more　　Financial literacy course　　Distributed Another Strategist Stays Bullish　　Contopoulos is watching for margin compression, slower earnings growth, wider corporate credit spreads and an inverted yield curve. Credit spreads measure the extra yield companies pay over Treasuries.　　An inverted curve occurs when short-term yields exceed long-term ones. Last Thursday, the 10-year Treasury yield reached 5.22% while the two-year hit 4.94%.　　He also said most artificial intelligence (AI) debt sold in the past six to 12 months trades below issue price.　　Contopoulos argued that synchronized global rate rises keep US yields elevated. Investors can sell Treasuries for better yields abroad. Japans 30-year bond yield hit a record 4.2% last week.　　Not every strategist agrees the top is near. Turtle Creek strategist David Spika argues stocks could still rally 5% to

09-29Industry