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Gemini Debut and $15B Kraken Valuation Show Crypto IPO Rush to Wall Street

DOT$3.9163 encountered substantial volatility throughout the last twenty-four-hour period, with the cryptocurrency retreating 4%, according to CoinDesk Research’s technical analysis model.The model showed that the most noteworthy movement materialised when DOT plummeted to its lowest juncture of $4.07 on elevated volume of 3.16 million, considerably above the twenty-four-hour average of 2.31 million, establishing robust volume support at this level. Following this capitulation event, DOT demonstrated resilience by recovering to the $4.15-$4.18 range, suggesting institutional buying interest emerged at lower levels and potential stabilisation around current support zones, according to the model.On the news front, Polkadot is consolidating its core system…

After launching its FAssets system, which lets users bring non-smart contract assets like XRP and BTC into DeFi, the network’s next move focuses on growing the FLR holder base. To make this happen, Flare has teamed up with TOP Wallet, a Telegram-native Web3 app used by over 100 million people worldwide. Together, they’re rolling out the FLR Launch Campaign, a large-scale activation that brings FLR directly to users inside Telegram—no external wallet needed. Bringing FLR to Telegram’s Web3 Hub Running from October through November 2025, the Wallet x Flare campaign is built around three pillars: deep product integration, community education,…

Operated by Trump ally Bill Zanker, the firm aims to form a Digital Asset Treasury to stabilize the Official Trump token Fight Fight Fight LLC, the company that made the Official Trump (TRUMP) meme coin, is trying to raise at least $200 million to set up a Digital Asset Treasury (DAT) that will buy the token. Bloomberg reported on October 8 that this move is a direct intervention to stabilize the asset that is closely linked to the U.S. President. While the outcome of the fundraising is not yet certain, the ambitions are substantial, with a target range extending…

The deal brings liquid staking products and compliance infrastructure to Plume’s real-world asset blockchain.Plume – a blockchain network focused on real-world assets (RWA) with a total value locked (TVL) of $294 million – has signed an agreement to acquire Dinero, the developer of a liquid staking protocol on Ethereum.The deal adds institutional staking products for Ethereum (ETH), Solana (SOL), and Bitcoin (BTC) to Plume’s platform, according to a press release viewed by The Defiant. BTC recently hit a new all-time high above $125,000 and is currently trading at $122,000, down 2% on the day. Dinero’s main product, ipxETH, is an…

The US Dollar Index (DXY) has rebounded since the Federal Reserve’s rate cut in September. Even as expectations grow for another rate cut in October, the DXY reached its highest level in two months.This movement seems to contradict what many crypto market analysts had predicted. Why is this happening, and what impact could it have?Sponsored SponsoredWhy Is the DXY Rising Despite Fed Rate Cuts?Normally, a Fed rate cut signals potential dollar depreciation. Investors often respond by seeking alternative assets like gold or cryptocurrencies to preserve value.However, data shows that since the mid-September rate cut, the DXY has climbed steadily from…

Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 AssociationIt is no secret that Dubai has been aggressively challenging its Asian counterparts for the crown of becoming the world’s next crypto capital. Beneath the gleaming air-conditioned skyscrapers, where supermodels are everywhere at crypto events and pilot blockchain programs, a complex grand strategy is unfolding.Just as Beijing had its strategy to harness confiscated digital assets to assert global influence via its newfound geopolitical currency, complete with on-/off-ramp infrastructure fully set up in Hong Kong, Dubai is also seeking to deploy its own combined arms approach, leveraging sovereign (oil) wealth, Islamic…

PancakeSwap (CAKE) price has emerged as one of the best performing tokens in the last few days. Owing to the recent airdrop the price surged. However, at the moment the altcoin is facing a major obstacle.The Chinese X account of PancakeSwap was hacked today, with the hacker posting offensive tweets. The team is attempting to resolve this issue.PancakeSwap Account HackedOn-chain data reveals a significant spike in PancakeSwap’s age consumed metric — an indicator that tracks the movement of long-term holders (LTHs). A sharp rise in this metric signals liquidation activity, often driven by profit-taking or loss recovery. In CAKE’s case,…

Kazakhstan, an emerging cryptocurrency hub in Central Asia, has been cracking down on illicit activity in the cryptocurrency sector, shutting down dozens of crypto platforms this year.Kazakhstan’s Financial Monitoring Agency (AFM) has taken down 130 crypto platforms involved in money laundering schemes this year, a spokesperson for the agency told Cointelegraph on Wednesday.The authorities have also seized $16.7 million in various cryptocurrencies linked to these illegal operations, the AFM representative said, confirming local reports from Tuesday.Last week, AFM also reported seizing $642,000 from illegal mining operations in Kazakhstan, underscoring the country’s strict stance on illicit crypto activities while continuing to…

The BNB Chain has become the new playground for memecoins and this week’s action shows just how fast capital is rotating between plays as the network’s BNB token keeps breaking records.Whenever the base asset rallies, liquidity tends to stay inside the ecosystem — just as Solana experienced with WIF and other dog-themed tokens last year.Freshly launched “Chinese”-themed tokens like 币安人生 (“Binance Life”), 客户小何 (“Customer Xiaohe”) and 空气币 (“Air Coin”) have surged thousands of percent in hours, pushing daily volumes into the tens of millions within 24-hour periods.(DEXTools) Bubblemaps data shows more than 100,000 new on-chain traders have piled into the…