Raydium's 26% rally cools down below $1.80 — Is downside liquidity calling for RAY?

Raydium rallied on the price charts as the broader cryptocurrency market saw green across the board.  In this case, the timing was particularly interesting. Especially since it followed Injective‘s Solana expansion which strengthened RAY’s fundamentals. To be specific, Injective‘s Solana launch introduced another potential source of trading activity for Raydium’s decentralized exchange.  Reportedly, Raydium joined the rollout as a day-one liquidity partner, granting Injective assets immediate access to Solana blockchain liquidity.  Here, it is also important to note that Raydium accounts for over 90% of memecoin DEX trading volume on Solana. In fact, its cumulative tokenized stock volume recently surpassed $5 billion on the blockchain.  The aforementioned integration will also enable participants to trade Injective ecosystem tokens through Raydium, eventually funneling additional swaps and liquidity.  For its part, RAYs price gained by 15.19% over 24 hours. Its trading volume simultaneously surged by 125.5% too, hinting at greater market participation.  Are retail traders on board with RAY?  While the altcoin‘s price action did surge, so did the retail Futures activity. This pushed trading frequency into the “Too Many Retail” area. In fact, this metric’s reading implied that smaller traders increasingly entered Futures trading as RAYs price pushed higher.  Furthermore, the 90-day Futures Taker CVD also maintained taker-sell dominance across

09-20Industry

Bitcoin ETF Inflows Hit $433M as BTC Price Tests Major $83K Wall

Key Insights:Bitcoin ETF inflows reached $433 million as institutional demand returned.Fidelitys FBTC led Sept. 18 inflows with $310.7 million.BTC price reclaimed $81,000 while $83,000 remained key resistance.  U.S. spot Bitcoin exchange-traded funds recorded $433.03 million in net inflows on Sept. 18. Fidelity‘s FBTC led the session with $310.72 million, while BlackRock’s IBIT drew $108.44 million.  The Bitcoin ETF rebound came as BTC price returned above $81,000 on Sept. 19. Bitcoin now trades near a $83,000-$86,000 resistance band identified by Glassnode through cost-basis and derivatives data.  Bitcoin ETF Flows Reverse Midweek Outflows  Farside Investors data showed spot Bitcoin funds added $433.0 million on Sept. 18. Fidelity‘s FBTC drew $310.7 million, the largest inflow among listed products. BlackRock’s IBIT followed with $108.4 million, while Bitwises BITB added $9.7 million.  Bitcoin ETFs post $433 million daily inflow | Source: SoSoValue  ARK Invest‘s ARKB received $1.9 million, while VanEck’s HODL added $2.3 million. No listed fund recorded an outflow during the session. The result extended the positive streak to two trading days.  However, the broader weekly picture remained mixed. The funds lost $450.4 million on Sept. 15 and $295.9 million the following day. Those sessions produced combined withdrawals of $746.3 million before demand returned. Across Sept. 17 and Sept. 18, the

09-20Industry

Circle wants you to love USDC a little like you love Chelsea

Chelsea has found a cool new shirt sponsor whose main product is…a stablecoin?  Related Asset USDC USDC · Stablecoin  USDC is designed to be worth one dollar. Today, tomorrow, next Tuesday: one dollar. If everything is working properly, absolutely nothing should happen to its price, so there is not much room for a victory parade.  And yet Circle, the company behind USDC, has decided that this extremely uneventful financial product belongs on the front of one of the most famous shirts in football. Circle announced the deal on Aug. 28. Circle and USDC branding will appear as Chelseas principal front-of-shirt sponsor across the mens, womens, and academy teams for the 2026/27 season.  Related Company Circle Global crypto finance company  The agreement puts a digital dollar in front of an audience that spends its weekends caring very deeply about things considerably more exciting than reserve assets.  Which raises a pretty good question: why does a stablecoin need football fans?  The answer gets to the heart of Circles business.  The worlds most boring crypto product still needs a brand  All stablecoins have a marketing problem. Its not Bitcoin, whose promise of absolute scarcity propelled it to the absolute top of crypto and tradfi markets. Its also not an exchange, which can

09-20Industry

Warren Buffett Steps Down After 60 Years

From “rat poison squared” to “stay away from it” – some of his remarks have been quite brutal. Yet, BTC‘s market cap is bigger than Berkshire’s.  Arguably the most well-known investor of our (and the previous) generation, Warren Buffett, has formally stepped down as chairman of Berkshire Hathaway after more than 60 years at the company. He has now become Chairman Emeritus and remains on the board. His son, Howard G. Buffett, will succeed him as chairman, while Greg Abel continues to run the company as CEO.  In the farewell letter to shareholders, the 96-year-old said the timing was right to “complete the transition,” praised Abel for fully taking control of the Berkshire empire‘s day-to-day decisions, and described his son as the guardian of the company’s culture and values.  For us crypto folks, his retirement also closes the active career of one of Bitcoins most famous and persistent skeptics. The “Oracle of Omaha” has repeatedly dismissed the asset as speculative, non-productive, lacking intrinsic value, and unsuitable as an investment through the years. Here are some of the most famous.  Rat Poison Squared  Perhaps none is more Buffett-like than the 2018 comment when he described Bitcoin as “probably rat poison squared.” The remark followed years of

09-20Industry

Blink Wallet Hit by Attacker, 'Few Dozen' Custodial Accounts Drained

Key TakeawaysBlink Wallet says a “few dozen” custodial accounts were hit, but the vast majority of funds stayed safe.Blink paused services Sept. 19, adding another headache to a rough stretch for Lightning Network apps.Blink says 100% of affected users will be made whole as a patch rolls out and answers are still pending.  Blink Wallet Says Every Affected Custodial Account Will Be Made Whole  Lightning Network applications and platforms cannot get a break these days, and this weekend, Blink Wallet told the public it was pausing operations due to a security breach. “We‘ve paused Blink services while we investigate a security incident,” Blink Wallet’s official X account said on Saturday morning. “An attacker accessed a limited number of custodial accounts and withdrew funds,” the team added.  Blink noted that a “large majority of funds are secure” and the firms non-custodial users are not affected. In another update, Blink later disclosed that a “few dozen custodial accounts were affected by the incident.” No monetary amount was mentioned, but Blink promises that “every affected account is identified and will be made whole.”  The news comes as a wave of bugs, exploits, and data breaches have been affecting digital currency businesses and Lightning Network-specific applications. For instance,

09-20Industry

Anthropic IPO fuels nearly $80 million in crypto futures

Anthropics prospective $2 trillion IPO has already spawned nearly $80 million in crypto derivatives bets before its public debut.  Open interest in futures linked to the Claude developer has climbed to about $79.27 million, close to a record $80 million, as traders position around what could become one of the largest initial public offerings ever attempted. The activity is unfolding even though Anthropic has yet to disclose an offering price, final valuation, or number of shares it intends to sell.  CoinGlass data showed its ANTHROPIC pre-stock contract trading around $2,147, with more than $20 million changing hands in futures over 24 hours. Binance has emerged as the largest venue for the trade, accounting for roughly 40% of activity.  Anthropic Pre-Stock Open Interest (Source: CoinGlass)  The contract does not represent Anthropic stock. CoinGlass shows no circulating supply or spot trading for the instrument, while Anthropic remains privately held. The price instead reflects derivatives markets attempting to value exposure to a company whose actual shares are not yet publicly available.  That distinction has become increasingly important as crypto exchanges create markets around some of Silicon Valleys most valuable private companies, effectively opening price discovery before traditional equity investors can buy the underlying shares.  Anthropic confidentially filed a draft

09-20Industry

Anthropics potential $2 trillion IPO is fueling an $80 million crypto trade

Anthropics prospective $2 trillion IPO has already spawned nearly $80 million in crypto derivatives bets before its public debut.  Related Company Anthropic AI safety and research company  Open interest in futures linked to the Claude developer has climbed to about $79.27 million, close to a record $80 million, as traders position around what could become one of the largest initial public offerings ever attempted. The activity is unfolding even though Anthropic has yet to disclose an offering price, final valuation, or number of shares it intends to sell.  CoinGlass data showed its ANTHROPIC pre-stock contract trading around $2,147, with more than $20 million changing hands in futures over 24 hours. Binance has emerged as the largest venue for the trade, accounting for roughly 40% of activity.  Related Company Binance Global crypto exchange  Anthropic Pre-Stock Open Interest (Source: CoinGlass)  The contract does not represent Anthropic stock. CoinGlass shows no circulating supply or spot trading for the instrument, while Anthropic remains privately held. The price instead reflects derivatives markets attempting to value exposure to a company whose actual shares are not yet publicly available.  That distinction has become increasingly important as crypto exchanges create markets around some of Silicon Valleys most valuable private companies, effectively opening price discovery before

09-20Industry

Polygon to burn 100M POL as revenue hits $24.5M, but will this help the token?

Polygon is prepping for the next crypto market bull cycle with an aggressive POL deflationary plan. In a post on X on Friday, Polygon Foundation CEO Sandeep Nailwal announced the project will permanently burn 100M POL tokens, citing impressive protocol revenue.  Polygon is printing revenue. $24.5m YTD. We are deploying a change that lets anyone in the community trigger its burn.  Nailwal noted the proposal is now awaiting the final Security Council sign-off to be implemented. Following the same, there will be manual quarterly burns.  Polygons base fees add POL to its collector wallet.  According to Nailwal, the collector currently holds 121M POL, worth about $1.2M. If the 100M tokens are burnt as planned, that will remove 1% of POL circulating supply from the market.  Will Polygon‘s burns boost POL’s value?  Polygon has aggressively repositioned itself for payments, especially stablecoin-based transfers. According to Nailwal, the traction and the generated fees are now 3x that of Arbitrum and 5x that of Near Protocol.  In fact, according to DeFiLlama, Polygons collected annual revenue crossed $25M too, marking a two-year high.  Source: DeFiLlama  Whether the traction will hold steady in the coming months and fuel POLs burn rates remains to be seen though.  In the meantime, POLs price surged by 10% on the

09-20Industry

The Fed Hiked Rates and Bitcoin Went Up: Heres Why That Matters

The first Fed rate hike in over three years didnt bring BTC down for long.  After the CLARITY Act setback witnessed on September 15, all financial eyes turned to the Fed a day later when the US central bank raised the key interest rates by 25 bps for the first time in over three years.  This development is considered bearish for risk-on assets like BTC, especially when it came with a 12-0 vote by policymakers, and the cryptocurrency‘s price dipped after it became official. However, bitcoin rebounded swiftly, recovered the losses, and is actually велл in the green after the Fed’s move. Whats up with that?  BTC Shrugs Off a Rate Hike  The US Senates failure of the CLARITY Act pushed BTC to a multi-week low of $75,000, and the market anticipated another leg down if the Fed indeed hiked rates as expected on September 16. Although there was indeed a minor pullback, BTC shrugged off the losses almost immediately and turned them into gains as the week progressed.  Nansen Senior Research Analyst Nicolai Sondergaard explained that the regulatory setback produced more significant volatility than the Fed for BTC, which held better than higher-beta assets like ETH and SOL.  “Bitcoin rose on the day the Federal

09-20Industry

The CLARITY Act Failed — So Who Regulates Crypto Now?

The CLARITY Act was supposed to answer one of cryptos biggest questions: which regulator controls which part of the market?  Instead, the bill stalled in the Senate on Sept. 15 after failing to clear the 60-vote threshold needed to advance. The result leaves the U.S. without the broad market-structure framework the legislation was designed to create.  That does not mean crypto is suddenly unregulated.  The SEC and CFTC were already coordinating on digital assets before the vote. In March, the two agencies signed an official SEC-CFTC memorandum of understanding aimed at clarifying product definitions, modernizing trading rules and developing a more coordinated crypto framework.  U.S. crypto oversight remains split across multiple regulators.SEC vs. CFTC Is Still the Main Divide  The SEC remains responsible for applying federal securities laws when a crypto asset, token offering or transaction falls within securities law.  Earlier this year, the SEC issued new guidance covering areas including staking, mining, airdrops and when a non-security crypto asset can become part of an investment contract. The CFTC joined that interpretation and said it would administer the Commodity Exchange Act consistently with it.  The CFTC, meanwhile, already oversees crypto futures, options and other derivatives.  Its authority over the spot marketis narrower. For non-security commodities such as Bitcoin,

09-20Industry
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