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The crypto market began to establish a level of support on Thursday following a turbulent couple of weeks.Bitcoin BTC$109,809.36 and ether ETH$3,872.71 posted slight gains; rising 1.6% and 1.1% respectively, and tokens including BNB and SOL posted even greater moves to the upside.The star of the show was HYPE$40.01, which climbed 12% after HyperLiquid Strategies said it is looking to raise $1 billion in order to purchase the token.The relative lack of volatility on Thursday compared with price action over the past few weeks is also reflected in derivatives data, with funding rates hovering around zero.Derivatives PositioningBy Omkar GodboleOpen interest…

Key NotesWazirX will resume trading with zero trading fees for at least 30 days.Phased relaunch aims to enable full functionality by October 27.The exchange has partnered with BitGo to enhance asset security and custody. India’s once-leading exchange, WazirX, will resume operations on Oct. 24 after the High Court of Singapore approved its restructuring plan. This marks the end of a turbulent chapter for the exchange following a massive security breach in 2024. To welcome users back, WazirX has announced that all trading will start with zero fees for a minimum of 30 days, with the potential for extension. Founder Nischal…

Investment bank Citi has initiated coverage of Strategy (MSTR) with a buy/high-risk rating and a $485 price target, citing the company’s unique position as a leveraged play on Bitcoin. The firm emphasized that Strategy’s stock mirrors Bitcoin’s price movements, amplifying gains in bull markets but also increasing exposure to losses during downturns. Citi’s Bullish Case for Strategy At the time Citi released its report, Strategy shares were trading around $301, up roughly 1.5% in early trading, while Bitcoin (BTC) hovered near $108,109. The bank’s bullish stance is grounded in a projection that Bitcoin could reach $181,000 within the next 12…

TON price is gaining renewed attention as Telegram crypto ecosystem developments converge with growing institutional cash flows, prompting the question: could Toncoin (TON) stage a comeback driven by major treasury plays and overall altcoin season momentum? With public companies such as TON Strategy Co. and AlphaTON Capital Corp. accumulating TON in their corporate treasuries, and Telegram’s 900 million-plus user base primed for crypto adoption, some analysts believe a move toward $3.50 in November is feasible if execution pans out. What Makes Telegram Crypto’s Toncoin Ecosystem Worth Watching? Toncoin is the native token of The Open Network (TON), developed initially as…

In brief Ledger released its latest crypto hardware wallet (or “signer”), the Nano Gen5. The product comes with an icon set developed by former Apple designer Susan Kare. Ledger is now referring to its hardware wallets to “signers” in an attempt to simplify and better characterize the role its devices play. Crypto hardware wallet maker Ledger is leaning into personality and fun with its latest product rollout, introducing the new Ledger Nano Gen5, which features a series of badges developed by artist Susan Kare—the influential designer of early Apple Macintosh iconography.Kare’s badges can be used to personalize the firm’s newest…

Hong Kong has approved the city’s first spot Solana ETF, a move that positions it once again at the front of regulated digital asset access in Asia. The product, launched by ChinaAMC, the Hong Kong arm of Chinese fund manager China Asset Management, begins trading on Oct. 27 across HKD, USD, and RMB counters on the Hong Kong Stock Exchange. It will hold physical SOL backed by the CME CF Solana-USD Index and charge a total expense ratio near 2%.For the first time, institutional investors will be able to buy Solana exposure through a regulated wrapper without managing wallets or…

The event is open to everyone, from startup teams to solo creators. The hackathon runs until February 7, 2026. Winning participants will enjoy a $150,000 prize pool. Blockchain network Mantle has officially opened its first-ever global hackathon, inviting creators and developers to build innovative blockchain solutions in a five-month online competition. The event has started today, October 22, and will run until February 7 next year, and offers up to $150,000 in incentives to winning projects. Introducing the Mantle Global Hackathon — now live! – Global, online & open to all– $150K in prizes & rewards– 6+ tracks, endless potential…

In a stunning development for the crypto industry, Layer-1 blockchain Kadena has announced the immediate cessation of operations for its core foundation and operating entity. The news triggered a catastrophic market reaction, with the native KDA token plummeting approximately 60% within two hours of the announcement. LATEST: Kadena announces it’s shutting down operations immediately due to market conditions. $KDA plummeted 60% in 90 minutes following the announcement. pic.twitter.com/pymnal8fIS — Cointelegraph (@Cointelegraph) October 22, 2025 Despite the shutdown, the Kadena team clarified that the proof-of-work blockchain will continue to operate. The network, known for its multi-chain “Chainweb” architecture, is now solely…

Even as the price of gold retreats from a record high, stabilizing around $4,100 per ounce, tokens whose value is pegged to the metal are gaining popularity in crypto markets. But not everyone is buying the premise.The total market capitalization of gold tokens has risen to $3.86 billion, driven by strong performance from XAUT$4,137.89 and Paxos gold (PAXG), according to CoinGecko data.To Binance co-founder and former CEO Changpeng Zhao, however, these tokens are only as good as the promise behind them.Loading…“Tokenizing gold is NOT ‘on chain’ gold,” CZ wrote in a post on X. “It’s tokenizing that you trust some…

Binance co-founder and former CEO Changpeng “CZ” Zhao dismissed crypto critic Peter Schiff’s plan to launch a tokenized gold product, calling it a “trust me bro” asset.In a Thursday post on X, CZ said tokenized gold is not onchain gold, but a promise dependent on third-party custody. “It’s tokenizing that you trust some third party will give you gold at some later date… even after their management changes, maybe decades later, during a war,” he wrote. CZ’s comments came after Schiff, a long-time Bitcoin (BTC) critic and gold advocate, announced plans on the ThreadGuy podcast to roll out a gold-backed…