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BNB Smart Chain activity surges as token swaps dominate network usage.BNB Smart Chain (BSC), the flagship network of the BNB ecosystem, on Thursday reached a new milestone of 5 trillion gas used in a single day as on-chain activity surged.This was driven largely by 24 million swap transactions, which accounted for 77% of all network activity, a BNB spokesperson told The Defiant. BSC is currently the third-largest blockchain with a total value locked (TVL) of over $9.5 billion, up 90% from $5 billion in March, per DeFiLlama. This comes after the network fully adopted a 0.05 Gwei standard gas price…

Bitcoin’s latest pullback has little to do with crypto-native flows and everything to do with the dollar, according to chief crypto analyst at Real Vision Jamie Coutts. Sharing two charts on X, Coutts argued that a rebound in the US Dollar Index (DXY) is briefly tightening global liquidity and pressuring risk assets across the board. “Bitcoin’s dip isn’t mysterious — it’s macro,” he wrote. Why Is Bitcoin Down? “The dollar’s rebound is tightening global liquidity. DXY is retesting 100–101 — a key resistance and natural mean-reversion zone after one of the sharpest declines in decades in 1H25. Positioning had become…

Bitcoin has bounced to over $121,000 from overnight lows under $120,000 alongside sharp gains in privacy coins such as ZEC and DASH. Traders on decentralized exchanges continued to lean bullish, preferring out-of-the-money higher strike BTC and ETH calls. Most analysts retained constructive bias. “The market is coiling at elevated levels, calm, liquid, and quietly bullish. Institutional flows remain the backbone of this phase, with ETFs acting as the liquidity bridge between traditional and digital finance. Despite short-term chop, the macro liquidity wave, corporate adoption, and structural inflows all argue for continuation,” Timothy Misir, head of research at BRN, said. Derivatives…

Key takeawaysSWIFT powers most of the world’s bank transfers through its messaging network, while Ripple uses XRP to make cross-border payments faster and cheaper.Beyond payments, XRP is also used for remittances and is being explored for tokenized loyalty and DeFi applications, with institutions like SBI Holdings testing integrations.SWIFT is developing a blockchain-based ledger for real-time payments, interoperable with major networks and supporting tokenized assets.SWIFT still faces challenges like outdated systems, regulatory hurdles, institutional inertia and competition from Ripple’s expanding network.Cross-border payments move trillions of dollars each year, and two names dominate: the long-established SWIFT (Society for Worldwide Interbank Financial Telecommunication)…

Jack Dorsey’s company Block is making another big move to make Bitcoin part of everyday commerce. Its payments arm, Square, has launched a new service called Square Bitcoin, where U.S. businesses can accept bitcoin payments, convert sales into bitcoin and manage their holdings from the same platform they use to process card payments and track sales. The new tools are designed to make using Bitcoin as easy as using a credit card, and bring Bitcoin to Main Street. For the first year, sellers will pay no processing fees when accepting bitcoin. “We’re making Bitcoin payments as seamless as card payments…

Monero (XMR), the privacy-focused crypto project, has released a significant upgrade Fluorine Fermi, aimed at enhancing the network’s security and users’ privacy.  The update addresses vulnerabilities related to “spy nodes,” which can track user activity and potentially compromise anonymity—a core feature for Monero users. We’re excited to announce that CLI v0.18.4.3 ‘Fluorine Fermi’ has been released! ‘This is a highly recommended release that enhances protection against spy nodes.’— Monero (XMR) (@monero) October 9, 2025 Tighter Network Security The update improves how Monero connects users across the network, making it harder for malicious actors to monitor transactions.  By limiting repeated connections…

The native token of the BNB Chain, BNB, is down more than 2.5% in the last 24 hours, continuing its slide from a new all-time high above $1,300 registered earlier this week.BNB rose 129% over the past year, outpacing both bitcoin and ether, as renewed momentum in the BNB Chain ecosystem kicked off a new wave of capital rotation.Trading volatility remains high, with the token swinging within a $62 range from Oct. 9–10 before closing at $1,250, according to CoinDesk Research’s technical analysis model.Jack O’Holleran, CEO of SKALE Labs, told CoinDesk the recent surge appears to be driven by Binance’s…

Key takeaways:BTC price may drop to the $118,000-$120,000 range before resuming its uptrend, analysts say.Bitcoin futures open interest fell by $4.1 billion from its peak, potentially indicating a “healthy” reset. Bitcoin (BTC) was down 3.7% from its $126,000 all-time high and could revisit the $118,000 level over the next few days, but data suggested that prolonged trading below this level could be short-lived.Bitcoin could drop to $118,000 firstBitcoin price was trading at $121,300 on Friday, after posting moderate losses over the last 24 hours, data from Cointelegraph Markets Pro and TradingView shows.While the macro setup remains bullish, analysts agree that…

Hackers attempted to infiltrate the account of Binance co-founder Changpeng “CZ” Zhao, signaling potential attacks from state-backed hacker groups, such as the North Korean Lazarus Group.“Government-backed attackers” were attempting to steal Zhao’s Google password, according to a Google warning shared by CZ, who suggested that it may be another attempt by North Korea’s Lazarus Group.“I get this warning from Google once in a while. Does anyone know what this is? North Korea Lazarus? Not that I have anything important on my account,” said Zhao in a Friday X post.The infamous North Korean Lazarus Group is the main suspect behind some…

Global central banks have been increasing their gold reserves over the past few years in a trend that may have major implications for Bitcoin, according to a recent report from Deutsche Bank.Gold’s share of central bank reserves reached 24% in the second quarter of the year, its highest share since the 1990s, Deutsche Bank strategists reported Thursday.With official demand for gold running at twice the pace of the 2011–2021 average, some Deutsche Bank analysts see growing parallels between gold and Bitcoin (BTC), which has seen a record-breaking performance in 2025.The renewed gold accumulation marks a significant shift in global finance,…