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Crypto Trends

Over 200 Residents Lose Crypto In South Korea Tax Crackdown

by admin September 23, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Cheongju city authorities have moved to collect unpaid local taxes by seizing cryptocurrencies from residents, according to reports. Since 2021, officials say they targeted 203 people who failed to pay local levies.

Of those, crypto from 161 individuals was already frozen or taken, with the city estimating the recovered value at about 1.5 billion won (roughly $1.1 million).

City Opens Exchange Account

According to city statements, Cheongju created a trading account on a domestic crypto exchange to make seizure and conversion easier. The change matters because it lets officials not only freeze assets but also sell them and apply the proceeds to overdue tax bills.

Officials told reporters they now have a clearer path to turn crypto holdings into cash for tax recovery.

How The Seizures Are Carried Out

Reports describe a multi-step process. Tax offices identify residents with unpaid bills. They then request information from exchanges to see whether those people hold virtual assets.

When ownership is confirmed, exchanges are ordered to suspend transactions or to transfer the assets to the municipal account. If the taxpayer does not settle the debt, the city may liquidate the holdings and use the proceeds to cover what is owed.

As of today, the market cap of cryptocurrencies stood at $3.85 trillion. Chart: TradingView

Other Local Governments Have Taken Similar Steps

Several other South Korean cities and districts have used similar tactics. Jeju City investigated 2,962 people for unpaid taxes and found 49 of them holding crypto worth about 230 million won.

Jeju’s wider unpaid-tax list totaled about 19.7 billion won. Gwacheon, in Gyeonggi Province, built an “electronic virtual asset seizing system” and has recovered roughly 300 million won over recent years, targeting residents who owe more than three million won in local taxes.

Paju sent notices to 17 people who owed about 124 million won and has previously seized around 100 million won in similar cases.

Implications And Concerns

The moves underline how local governments are pressing exchanges for data and exercising legal powers to collect taxes. Some citizens and observers worry about transparency and due process.

Questions include how quickly exchanges must act, whether taxpayers receive fair notice, and how volatility is handled when assets are sold. Reports also note growing use of data tools, including AI, by some cities to find undeclared holdings.

City Officials Say They Want Compliance

Based on reports, city leaders framed the actions as an effort to stop tax evasion through virtual assets. They have warned residents that cryptocurrency cannot be used to hide from tax obligations.

Still, legal challenges could arise, and appeals from affected residents may push some cases into the courts.

Featured image from Unsplash/Matthew Schwartz, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 23, 2025 0 comments
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Crypto Trends

Bitcoin Is Slipping, But BNB Is on Fire: Here’s Why

by admin September 23, 2025



In brief

  • The crypto market continues to struggle today, extending yesterday’s losses.
  • Bitcoin has dropped below $112,000, with the market flashing bearish signals.
  • Meanwhile, there’s one coin in the top 10 currently defying trends and turning heads: BNB.

The crypto market, including Bitcoin, is today still dealing with the effects of yesterday’s massive liquidation cascade, though the bleeding has slowed.

The total cryptocurrency market capitalization sits at $3.9 trillion, down a slight 0.6% over the past 24 hours, according to CoinGecko. Not bad considering yesterday was the year’s largest liquidation event with over $1.7 billion in leveraged long positions being forcibly closed.

Much like yesterday, though, the tradfi market is faring much better: The S&P 500 is coming off yet another all-time high, showing risk appetite remains alive in equities despite the weakness in crypto markets. Meanwhile, gold reached a new all-time high of $3,790 today as investors hedge against mounting geopolitical tensions in the Middle East.



But some coins are seemingly immune to the crypto market chaos, and that’s apparently the case for BNB, Binance’s native token. BNB is by far the best-performing crypto in the top 10 over the last week, up an impressive 6% in the last seven days—and a whopping 17% over the last 30. All while Bitcoin is struggling. What’s going on? Let’s look at the charts.

Bitcoin (BTC) price: Testing critical support

Bitcoin’s price action today is a continuation of yesterday’s FUD, with the flagship cryptocurrency slipping 0.80% to $111,837.

The daily candle shows an attempted recovery that failed—opening at $112,741, Bitcoin managed to push as high as $113,344 before sellers took control, driving it down to test the $111,571 support level.

If Bitcoin does not find buyers at these prices and bounce, this could lead to more bad news for the bulls out there.

Bitcoin price data. Image: Tradingview

The technical picture shows mounting bearish pressure, though not without hope for bulls.

The Average Directional Index, or ADX, sits at 18 points, which suggests that the bullish trend that took Bitcoin to new heights several weeks ago has weakened.

ADX measures trend strength, regardless of direction, with readings over 25 suggesting established trends in place. When ADX readings stay below 20, it typically means the market is directionless, consolidating before the next major move. For traders, this signals a wait-and-see approach might be prudent, as the market lacks conviction in either direction.

Bitcoin’s Relative Strength Index, or RSI, is at 42, placing BTC in slightly bearish territory without being oversold. RSI measures price momentum on a scale of 0-100, with readings above 70 suggesting overbought conditions and below 30 signaling an oversold market that often precede bounces. At 42, we’re in that uncomfortable middle ground—not low enough to trigger bargain hunting, but high enough for profit-taking.

The Squeeze Momentum Indicator likewise shows that the current price movement seems to place Bitcoin in a bearish impulse phase, which usually points to a more sustained correction before prices climb back up. In other words, not-so-good news for permabulls—at least in the short term.



On Myriad—a prediction market built by Decrypt’s parent company Dastan—traders are nearly split on Bitcoin’s near-term direction. The market “Bitcoin’s next hit: moon to $125K or dip to $105K?” shows the odds of a move to $125K have slipped down to 42%, falling from 69% just five days ago.

On the plus side for bulls, Myriad users remain confident that BTC does not dip below $105K before the end of the month, placing odds at 83% that Bitcoin manages to stay above that mark with seven days to go in the historically bad month for markets.

Key Levels are the same as yesterday’s forecast:

  • Immediate support: $111,000 (today’s low)
  • Strong support: $108,500 (psychological level)
  • Immediate resistance: $115,000 (opening price area)
  • Strong resistance: $118,000 (recent highs)

BNB price: Defying the market

But while Bitcoin stumbles, BNB is shining.

The coin, formerly known as Binance Coin, is the native token of the BNB blockchain, formerly known as Binance Chain. As you might have guessed, the coin was indeed created and issued by Binance, the world’s largest cryptocurrency exchange by trading volume.

BNB is today the lone coin in the top 10 by market cap in the green, surging 2.6% in the last 24 hours, currently trading for $1,013—just below its all-time high of $1,079. In the last seven days, the coin is up by more than 6% in a display of relative strength that’s catching traders’ attention.

BNB price data. Image: Tradingview

Why is BNB pumping? It likely has a lot to do with the rise of Aster, a decentralized perpetual futures exchange on the BNB blockchain that’s quickly gained enough popularity to challenge what was until very recently the leading DEX for perps, Hyperliquid.

Since BNB is the native gas token on the BNB network, demand for the token typically rises and falls right along with demand for network usage. And right now, there’s nothing hotter in crypto than Aster on BNB. The Aster token itself is up an astronomical 47% today alone, and the DEX it powers recently flipped Hyperliquid in daily revenue generated from trading fees.



All that said, the technical indicators for BNB paint a decisively bullish picture.

The ADX at 43 shows a strong trend in place. The indicator alone suggests BNB’s uptrend has serious legs, and fighting it could be costly for bears. The price of BNB fell today to near its lowest point in a week, then bounced right back up again, displaying just how solid its price trend resistance is at the moment.

The RSI at 66 sits in the sweet spot for continued gains. While approaching overbought territory (above 70), there’s still room to run before automatic profit-taking from traders generally kicks in. Experienced traders know that, in strong trends, coins like BNB could push higher before needing a breather.

Traders also rely on exponential moving averages, or EMAs, to give them a sense of where price supports and resistances are for a given asset over the short, medium, and long term. And, in this case, the EMAs for BNB tell a compelling story.

At the moment, the 50-day EMA (short term) is well above the 200-day EMA (the long term). What this means for traders is that BNB is in a setup where short-term momentum overwhelms long-term resistance. What’s more, the current price of BNB is well above both averages, showing that the bullish move has strong momentum.

And all of that is happening against the background of a crypto market seemingly on the ropes and in need of a serious breather. The fact that BNB is rising despite negative market momentum strengthens the bullish case—it’s swimming against the current successfully.

Key Levels:

  • Immediate support: $970 (recent breakout point)
  • Strong support: $900 (psychological target and EMA40)
  • Immediate resistance: $1,030 (today’s high)
  • Strong resistance: $1,079 (all time high)

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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September 23, 2025 0 comments
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Ava Labs' Morgan Krupetsky talks Avalanche, tokenization
Crypto Trends

Ava Labs’ Morgan Krupetsky talks Avalanche, tokenization

by admin September 23, 2025



Tokenization is not new, says Morgan Krupetsky of Ava Labs, but this time, it’s here to stay.

Summary

  • Tokenization isn’t new, says Morgan Krupetsky of Ava Labs, and Avalanche was a first adopter
  • Stablecoins are the real, proven use case for tokenization, with over $280 billion market cap
  • The future is in DeFi integration into the background of almost all digital

Tokenization has emerged as one of the most influential narratives in crypto, with promises of greater efficiency, liquidity, and accessibility. Still, while major institutions are increasingly jumping into the field, the reality remains mixed.

Crypto.news spoke with Krupetsky of Ava Labs, who discussed Avalanche’s early role in tokenization and how to separate hype from reality.

Crypto.news: In your piece on “Tokenization 101,” you wrote that tokenization is still mostly hype. Which parts do you think are hype, and which are not?

Morgan Krupetsky: Tokenization isn’t new: people have been experimenting with it since 2017. We’ve seen all sorts of headlines about tokenizing everything from uranium to the Burj Khalifa. There’s been no shortage of announcements, but a lot of them are announcements of announcements—not live products.

That’s why I like to look at metrics, such as the dashboard on RWA.xyz, to see what’s actually deployed and reflected on-chain versus what’s just marketing.

The clearest success story so far is stablecoins, which are the quintessential tokenized asset with over $280 billion in market cap. Stablecoins have, in turn, spurred interest in tokenized money market funds. That segment is still small, but it’s growing.

We’re also seeing stablecoin and synthetic dollar issuers expand into private credit. There are ongoing efforts to tokenize equities, and people are experimenting with tokenizing collectibles, commodities, and more. But again, the key is separating what’s real and in production from what’s just hype.

Aside from stablecoins, which segments of tokenization look the most promising to you? Where do you see the biggest opportunities, whether for regulatory or technical reasons?

MK: I’m very excited about the private credit space. A big reason is that these products are yield-bearing. If you can automate things like interest payments and waterfall distributions using stablecoins, the benefits of tokenization become very tangible.

Take private equity, for example. It doesn’t generate disbursements in the same way, and NAV doesn’t change as frequently. The on-chain benefits are there, but not nearly as obvious. In contrast, with credit products, you immediately see how programmability adds value.

Specifically in asset-backed finance (ABF), we’re using stablecoins and programmatic facilities to streamline and upgrade the process. After the global financial crisis, banks pulled back from certain lending activities. Fintech originators stepped in, and private credit firms followed — but today the ABF space is dominated by the largest alternative asset managers. They can underwrite well, and they have huge middle and back-office teams to process loans.

By using programmable facilities and stablecoins, we can make those processes more efficient. That opens the door for smaller funds, emerging managers, and family offices to participate in ABF lending, a segment set to grow significantly in the coming years.

Right now, we’re running a few pilots with fintech originators, with the goal of scaling. For us, it’s about upgrading the ABF industry not just with “better tech,” but with better, programmable money.

And just to add: this isn’t about simply tokenizing loans for secondary market trading. A lot of initiatives are trying to create liquidity that way, but before that, the real impact comes from using the underlying tech stack to improve how the process works today.

When it comes to automating lending decisions, some companies have tried before, like Carvana in used cars or Zillow in housing, often with mixed results.

MK: I do not think the goal is to replace human decision-making. It is more about equipping institutions and individuals with better tools.

That is how a lot of AI is being used today: not to replace expertise, but to help people make more informed decisions. Blockchain allows data to be standardized and verified more quickly. That means decisions can be made faster and with fresher information, rather than working off an Excel spreadsheet that is 30 days out of date.

In this context, the technology acts as an enabler, not a replacement for underwriting capabilities. Human judgment still matters.

The same misconception comes up with tokenization. Just because you tokenize an asset does not mean people will automatically want to buy it, or that liquidity will appear. Tokenization does not create secondary markets on its own. What it does is provide the tooling that makes those markets possible if there is real demand.

You mentioned the financial crisis and lessons from subprime mortgages. Some industry voices have warned that tokenization can also carry risks, especially when funds are not transparent about what they are packaging. Do tokenized asset issuers actually use blockchain’s potential for transparency and compliance?

MK: Just as tokenization does not guarantee liquidity or secondary market demand, it also does not guarantee compliance. The technology is a tool. It can reflect laws, rules, and regulations, and it can help manage compliance more proactively. But it does not create the rules or set the governance framework. That still has to come from regulators and financial institutions.

In the work we are doing with private credit, for example, blockchain is being used to create better risk-adjusted returns for us and for our capital partners. Certain things are more transparent and can be programmed, which allows fintech originators to manage compliance and risk more effectively. From an investor’s perspective, that visibility makes them more comfortable deploying capital.

Ultimately, it is up to each issuer to ensure that their tokens or funds are launched in a compliant way, depending on the underlying asset and jurisdiction. There is a wide spectrum of approaches across different markets. The technology helps, but it does not replace the responsibility of humans to ensure compliance.

What is your view of the current regulatory environment in the U.S. when it comes to tokenized assets?

MK: In general, I think the regulatory environment has shifted a lot since the election. The change has provided strong tailwinds for the industry across the board. Institutions, banks, and asset managers are now much more open to exploring public blockchain infrastructure. You can feel the difference in conversations.

When it comes to comparing tokenized assets with their off-chain equivalents, the full benefits really come when more of the asset life cycle is issued and managed directly on-chain. Tokenizing something that was issued off-chain and then trying to administer it in two different systems creates friction. Over time, I think we will see more issuance happen natively on chain, but we are still in a transition period.

The long-term vision is to have stablecoins accepted in day-to-day use, tokenized assets issued from the start, and administration handled entirely on-chain. That is when the benefits of composability and programmability really show through. For example, idle assets could earn interest while being held in escrow. But we are not there yet.

I also sympathize with large incumbents like banks. Some of them have been operating for hundreds of years. Overhauling systems is expensive and disruptive, so they need a clear business case or threat to their revenue before making big moves. In the meantime, neobanks and fintechs have more flexibility and are often quicker to experiment.

Established firms like Nasdaq filed for tokenized equities. Mastercard file for stablecoins. Do you think DeFi can compete with traditional players in these markets? What advantages does decentralization bring?

MK: I think there will always be a place for public, permissionless DeFi as it exists today. But what is really happening is a convergence of DeFi, CeFi, and tokenization. When I started at Ava Labs three years ago, these were seen as separate worlds. Now they are coming together, and I expect that to continue.

Institutions are not likely to jump directly into DeFi platforms, but DeFi primitives can absolutely power the back end of fintechs, neobanks, and even traditional platforms. We are already seeing that with exchanges launching earn programs that rely on DeFi integrations behind the scenes.

From a tokenization perspective, the best path to adoption is through integration with the platforms people already use. That could be Nasdaq, a wealth tech platform like Robinhood, or private bank wealth management systems. For end users, the blockchain layer should be invisible. They do not need to know or care which chain is being used. What matters is that they get new or better financial products.

For example, imagine being able to spend directly from a tokenized money market fund using a debit card. That is the type of experience that will drive mass adoption, and in the back end, it can be powered by Web3 infrastructure, including DeFi.

Can you provide an overview of what Ava Labs has been doing in this space?

MK: Our mission from the beginning has been to digitize and tokenize the world’s assets. Many of us at Ava Labs were already working on tokenization before it was called “RWAs”. We have always believed this would be a core use case for blockchain.

One of our early milestones was working with Securitize and KKR to tokenize a portion of their healthcare growth fund in 2021. That was before tokenization was a mainstream narrative, but it showed the potential of bringing high-quality assets on-chain.

Since then, we have focused on two things. First, cultivating a high-quality supply of tokenized assets from top-tier managers such as Apollo, BlackRock, Wellington, and others. Second, building out distribution and demand by working with platforms that are built on Avalanche. We are doing a lot of outreach to potential distribution partners so that tokenized assets can reach investors through the channels they already use.

The reality is that most liquidity is still off-chain. The path to adoption is connecting that liquidity with tokenized assets through traditional distribution systems. That is what will drive the step change in adoption.

What about the Avalanche treasury initiative?

MK: I see it as another vehicle for a broader set of investors to access the Avalanche ecosystem. Not everyone is comfortable holding tokens directly, setting up a Web3 wallet, or going through that user experience. To be honest, the industry still has work to do on usability.

Products like this are similar to ETFs or ETPs in that they provide a more familiar structure for investors. That can include both institutions and individuals who want exposure but prefer a traditional wrapper. It ultimately opens access to Avalanche for people who might not otherwise get involved.

What work still remains to realize that vision?

MK: From the start, we have been focused on institutions and on-chain finance, and that remains our priority. We are doubling down on areas like DeFi, payments, treasury tokenization, and wholesale finance. I am proud of the progress we have made, but there is still a lot of work ahead.

The truth is that we do not have mass adoption yet. Institutional liquidity is not flowing into on-chain assets at scale. A lot of the puzzle pieces are in place now—custodians, on- and off-ramps, compliance frameworks, tokenization platforms—but we are not at the point where the industry can say, “We made it.”

I compare it to the early internet. Back then, people still talked about “internet companies.” Today, every company uses the internet, and you do not make that distinction. We will have reached the same milestone when blockchain is used as a core piece of infrastructure across enterprises, governments, and financial institutions. At that point, there will be no such thing as a “blockchain company”. It will just be part of how the world operates.



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September 23, 2025 0 comments
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Scattered pile of $1 bills (Gerd Altmann/Pixabay)
Crypto Trends

OranjeBTC to Become Brazil’s Largest Publicly-Traded Bitcoin Treasury Firm With B3 Listing

by admin September 23, 2025



Bitcoin-focused Latin American company OranjeBTC is set to go public on Brazil’s B3 exchange in early October with more than $400 million in BTC reserves, making it Brazil’s largest publicly-traded bitcoin treasury firm.

The move, confirmed by local news outlet Brazil Journal and at Mercado Bitcoin’s DAC 2025 conference, will see it go public via a reverse merger with Intergraus, a prep-course provider already listed on the exchange. Once the transaction closes, Oranje will assume Intergraus’ public listing with a roughly 85% free float.

Oranje holds 3,650 bitcoin, roughly six times more than Brazilian fintech Méliuz, the only other major publicly-traded bitcoin treasury firm in the country. The sum would rank Oranje among the top 25 corporate bitcoin holders globally, and the company aims to expand that reserve aggressively, according to local media.

Backing the venture are high-profile crypto investors including Cameron and Tyler Winklevoss, bitcoin pioneer Adam Back, trading platform FalconX, and Mexican billionaire Ricardo Salinas Pliego. Institutional players like Off the Chain Capital and ParaFi Capital also participated in the initial round, the report added.

Alongside its treasury play, Oranje plans to launch a financial education platform focused on bitcoin and crypto, using Intergraus’ existing infrastructure.



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September 23, 2025 0 comments
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Judge Denies Justin Sun's Bid to Block Bloomberg Over Crypto Holdings
Crypto Trends

Judge Denies Justin Sun’s Bid to Block Bloomberg Over Crypto Holdings

by admin September 23, 2025



A US judge has set Tron founder and CEO Justin Sun’s lawsuit against Bloomberg back a peg after denying a temporary restraining order and injunction over publishing information about his cryptocurrency holdings.

In a Monday filing in the US District Court for the District of Delaware, Judge Colm Connolly sided with Bloomberg in Sun’s lawsuit over “disclosed amounts of specific cryptocurrency he owns.” According to the filings, the holdings included about 60 billion Tron (TRX), 17,000 Bitcoin (BTC), 224,000 Ether (ETH) and 700 million Tether (USDt).

The publication had reached out to Sun’s team in February to gather information about the Tron founder’s wealth for its Billionaires Index.

Sun claimed Bloomberg planned to publish “specific financial holdings” which were “unverified, confidential and private,” and filed a complaint seeking relief on Aug. 11. After saying he and Bloomberg were “engaged in discussions” over the matter, Sun’s lawyers renewed the motion on Sept. 11.

Justin Sun’s net worth, according to Bloomberg’s Billionaire Index. Source: Bloomberg

The initial complaint sought a temporary restraining order and preliminary and permanent injunction “prohibiting Bloomberg from publishing the amounts of any specific cryptocurrency” owned by Sun, both of which the judge denied on Monday. 

Related: Justin Sun urges Trump-linked WLFI to unlock ‘unreasonably’ frozen tokens

According to Connolly, Sun failed to establish that Bloomberg had promised him the data would not be made publicly available. In addition, he failed to show that the release of information on his crypto holdings would make him an “increased target for hacking, phishing, social engineering, kidnapping, or bodily injury,” in part due to his own crypto disclosures through social media.

“[…] Sun’s own highly detailed disclosure of his Bitcoin assets undercuts his representation that he is now under threat because Bloomberg published estimates of his cryptocurrency holdings,” said Connolly, adding:

“Sun himself has disclosed far more specific information about his Bitcoin holdings than what Bloomberg published.”

It was unclear whether Sun intended to pursue another legal avenue moving forward.

Cointelegraph reached out to a spokesperson for the Tron founder for comment, but had not received a response at the time of publication.

Sun is still under scrutiny from US lawmakers

The Tron founder was named in a lawsuit against the crypto company over allegations of offering unregistered securities filed by the US Securities and Exchange Commission (SEC) in 2023. However, once US President Donald Trump took office and former SEC Chair Gary Gensler departed, the agency asked for a stay in the case.

Last week, two members of Congress asked the SEC to answer questions related to the commission dropping its case against Sun.

They suggested that the Tron founder’s “sizable investments” in crypto ventures controlled by Trump and his family, including World Liberty Financial and his memecoin, may have influenced its decision.

Magazine: Can privacy survive in US crypto policy after Roman Storm’s conviction?



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$840 Million in Bitcoin Bought in One Go, What's Happening?
Crypto Trends

$840 Million in Bitcoin Bought in One Go, What’s Happening?

by admin September 23, 2025


The Bitcoin ecosystem has witnessed enormous BTC transfers involving thousands of coins in the last hour. However, the most significant transaction, spotted by blockchain tracker Whale Alert, has sparked market reactions as it appears to represent a major buy.

According to data from Whale Alert, 7,441 BTC (over $840 million) were withdrawn from the leading U.S.-based crypto exchange Coinbase in a single transfer executed just minutes ago.

The massive Bitcoin purchase comes at a time when the market is under pressure from negative price trends and heavy selling. This development has drawn the attention of traders and analysts.

The crypto community has expressed excitement about the move. Although the exact nature of the transfer has not been disclosed, such large-scale withdrawals from major exchanges are often interpreted as strong whale accumulation.

Some commentators have suggested that this could be an over-the-counter deal that might not directly affect Bitcoin’s price. Still, the sheer size of the transfer has sparked hopes that something major is brewing.

Bitcoin price heading for recovery?

Beyond the impact of this significant withdrawal, Bitcoin’s price action over the last several hours has offered relief to investors, surging back above $113,000. After recording an intraday low of $111,591, sentiment has shifted toward optimism for a bigger rally.

Following sharp declines the previous day, BTC has briefly turned green, posting a modest daily gain of 0.16%. As of press time, CoinMarketCap data shows Bitcoin trading at $112,913.

Source: CoinMarketCap

While price action on Tuesday remains mixed, Bitcoin appears to be gradually gearing up for a major breakout. The large whale withdrawal from Coinbase signals a bullish shift in investor sentiment and could indicate that BTC is preparing for larger moves ahead.

Nonetheless, additional whale activity may be necessary to sustain upward momentum and push Bitcoin toward a significant breakout.



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September 23, 2025 0 comments
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Scattered pile of $1 bills (Gerd Altmann/Pixabay)
Crypto Trends

Orderly Network Introduces Build-Your-Own Perp DEX Platform

by admin September 23, 2025



Decentralized exchange (DEX) infrastructure provider Orderly Network introduced a platform for users to launch their own perpetuals DEXs.

“Orderly One” allows a perp DEX to be built in a matter of minutes without requiring the writing of any lines of code, Orderly said on X on Tuesday.

The new service is aimed at decentralized autonomous organizations (DAOs), funds, trading communities and so on who wish to build a revenue stream through crypto trading without relying on a centralized entity.

Perpetual DEXs play a significant role in crypto trading, combining perpetual futures market to a decentralized, permissionless environment.

Unlike traditional spot DEXs that only allow token swaps, these platforms let users trade with leverage and short assets, a functionality previously dominated by centralized exchanges like Binance. They allow traders to maintain full self-custody of their funds, eliminating the risk of exchange hacks or insolvency. By operating on smart contracts, they offer a trustless and alternative to centralized platforms.

In theory, the ability for DAOs and trading communities to build their own perp DEXs takes the decentralization a step further: not only is the trading protocol decentralized but so is the entire user-facing experience and its governance.



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September 23, 2025 0 comments
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Gemini Picks 3 Best Crypto Presales to Weather the Market Crash
Crypto Trends

Gemini’s Top 3 Best Crypto Presales to Weather the Market Crash

by admin September 23, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto markets are on shaky ground right now, with the latest pullback stirring fresh talk of a wider crash.

The Fear & Greed Index sits at 40, a level that screams caution but also hints at plenty of room for upside if sentiment flips. Historically, these oversold zones often lay the groundwork for the next big leg up.

Source: CoinMarketCap

Macro factors add fuel to the debate. The Fed is expected to deliver more rate cuts, a shift that usually lifts risk assets. Q4 has also earned a reputation for fireworks in past crypto cycles, and big players like VanEck are still targeting $BTC at 180K in 2025.

That kind of projection keeps long-term conviction alive, even while short-term volatility shakes weak hands out.

The best crypto presales, meanwhile, offer a different kind of shelter in stormy markets. Unlike listed tokens that swing with every headline, presale prices only move upward – and in set stages. That incremental growth makes them attractive in downturns.

Gemini has spotlighted three it believes can thrive: Bitcoin Hyper ($HYPER), Snorter Token ($SNORT), and Nexchain ($NEX). Here’s why they’re drawing attention.

1. Bitcoin Hyper ($HYPER) – Bitcoin’s Layer-2 Solution To Unleash Its Potential

Bitcoin remains the market’s anchor, but it still moves like a dinosaur when it comes to usability. High fees and slow block times make $BTC great for holding – but clunky for anything else. That gap is exactly what Bitcoin Hyper ($HYPER) will aim to close.

Integrating Solana’s Virtual Machine (SVM), Bitcoin Hyper will create a Layer-2 environment for Bitcoin – not a sidechain, but a parallel execution layer that inherits Bitcoin’s security while running at Solana speed.

The process is straightforward: bridge $BTC in, mint in on Hyper’s Layer-2, use it instantly for trading, staking, and DeFi, then bridge back out when needed. Transactions settle back to the Bitcoin Layer-1 via zero-knowledge proofs, keeping the system trustless and synced.

The upgrade unlocks use cases long out of reach for Bitcoin: the best meme coins, dApps, and cross-chain DeFi. Sub-second transactions and near-zero fees mean $BTC can finally power culture as well as capital.

Investors are already paying attention: the presale has pulled in $17.7M, with $HYPER priced at $0.012965 and staking yields of up to 65% APY. Check out our guide on how to buy Bitcoin Hyper before you head to the presale.

If ETFs and institutional inflows push $BTC higher, Gemini says Bitcoin Hyper stands to capture the upside as Bitcoin’s long-awaited execution layer.

Visit the Bitcoin Hyper presale website today.

2. Snorter Token ($SNORT) – Telegram Bot Meets Meme Utility

Telegram trading bots have gone from niche tools to a full-blown sector on Solana, with names like BONKBot and Trojan Bot pulling in serious volume.

The bot market itself is currently valued at $47.43B, and forecast to surge to $200B+ by 2035, fueled by retail traders looking for faster, cheaper ways to snipe new launches.

Snorter Token ($SNORT) plans to carve out a spot by merging meme coin branding with powerful bot utility. Built to run natively inside Telegram, Snorter aims to make the chat app a one-stop trading suite.

You’ll be able to swap, snipe, set stop-losses, copy top wallets, and track your portfolio in real time – all without leaving Telegram.

Speed and cost are its main weapons. Sub-second swaps fire through Solana’s custom RPC infrastructure, while $SNORT holders can cut trading fees to just 0.85%, cheaper than rival bots (1.5%).

Security also plays a big part in this trading bot. Closed beta tests showed an 85% success rate in flagging rug pulls and honey pots.

So far, Snorter’s presale has raised $4M+. Tokens are sat at $0.1053 with 116% APY staking available, and just 27 days remain before the presale ends. Discover how to buy Snorter Token in our step-by-step guide.

By blending Solana meme coin culture with trading infrastructure, Gemini claims $SNORT is positioning itself for both hype and utility.

Ready to jump in? Join the Snorter Token presale today.

3. Nexchain ($NEX) – AI-Built Layer-1 With Daily Rewards

AI has become one of crypto’s fastest-growing verticals, with VanEck forecasting crypto AI revenues to reach a base case of $10.2B by 2030. Nexchain ($NEX) is leaning into that narrative by building the first blockchain designed entirely by AI.

The chain runs on a hybrid consensus model that merges Proof-of-Stake with AI-driven algorithms, giving it both speed and adaptability. Benchmarks show throughput at 400K transactions per second, with average fees of just $0.001. And unlike older chains, Nexchain’s infrastructure is engineered to be eco-friendly from day one.

Utility spans the full Web3 stack: smart contracts, staking, payments for AI services, and cross-chain interoperability. But the standout feature is tokenomics. $NEX holders earn a daily share of 10% of all gas fees collected across the network, creating a built-in revenue stream that rewards long-term holding.

So far, the presale has raised $10.4M+. At a current price of $0.108, early buyers are looking at a 278% spread against the $0.30 listing price.

For investors chasing the AI wave while securing real yield, Nexchain offers a unique blend of hype and fundamentals. Gemini points to how that mix has made $NEX a presale to watch closely this year.

Want to discover more? Take a look at the Nexchain ($NEX) whitepaper.

As always, this article is not financial advice. Crypto and presales carry inherent risks. Please do your own research and never invest more than you can afford to lose.

Authored by Aidan Weeks, Bitcoinist – https://bitcoinist.com/gemini-best-crypto-presales

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 23, 2025 0 comments
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Crypto Trends

Will Traders in Asia Drive Next Phase of the Bitcoin Bull Run?

by admin September 23, 2025



In brief

  • Asian session’s 46% cumulative returns over the past year tower over the U.S. 31% and the EU’s 29%.
  • While the Asian session may temporarily knock back U.S. and EU institutions, it won’t be enough to kickstart the second half of the bull run. 
  • Liquidity, leverage, and macroeconomic conditions will determine how long this cycle will last. 

Crypto market data shows that cumulative returns in the Asian session are outpacing those in the U.S. and EU. Despite this growing divergence in returns, an analyst told Decrypt the U.S. still plays a pivotal role in shaping how this cycle progresses.

Over the past year, the cumulative returns noted in the Asian session hovered around 47%, closely followed by the U.S. and EU with roughly 31% and 29%, per Velo data.

Ryan Lee, chief analyst at Bitget, told Decrypt that this is due to “a 69% year-over-year increase in APAC trading volumes, reaching $2.36 trillion by mid-2025.” The primary reason for this uptick, he explained, is regulatory clarity in Hong Kong, boosting institutional and stablecoin adoption.

The divergence in returns between the East and the West could be due to the driver of the underlying capital, Jeffrey Ding, chief analyst at HashKey Group, told Decrypt. While institutional flows remain dominant in the U.S. and EU, he explained, “Asian markets are still more retail-driven, which naturally brings higher volatility and a stronger speculative element.”



The Kimchi premium, tracked by CryptoQuant, has remained positive over the past year, except for a few dips in late November 2024 and the first half of 2025’s third quarter. The indicator, nicknamed after a popular Korean dish, measures the premium investors are paying for crypto assets on South Korean exchanges, such as Upbit and Bithumb, compared to global exchanges, including Coinbase, Binance, and Bybit.

Referring to the “eastward liquidity shift,” Lee explained that the spike in the Kimichi premium, coupled with a drop in the U.S. vs offshore exchange reserve ratio, has cemented Asian exchanges such as Binance, Bybit, Bitget, and others.

This development, as a result, could help sustain the APAC’s cumulative returns and dominance, helping boost the second half of the ongoing bull run.

Ding, on the other hand, took a different route, noting that the Asian session is amplifying the Bitcoin bull run, which is a “product of the U.S. policy and positive expectations around liquidity,” influenced by other factors, such as global dollar liquidity, Federal Reserve decisions, and regional regulatory environments.

All of which will determine how long this cycle will last, he added.

While a surge in Asian speculative flows may temporarily prompt the U.S. and EU to step back, Ding added, it may not be enough to “alter the long-term trajectory of institutional investment.”

Bitcoin is up 0.4% in the past 24 hours and is currently trading at $113,000, attempting a recovery bounce after Monday’s liquidation cascade, according to CoinGecko data.

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September 23, 2025 0 comments
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XRP price holds $2.70 support as Open Interest resets
Crypto Trends

XRP price holds $2.70 support as Open Interest resets

by admin September 23, 2025



XRP has returned to high-time-frame support at $2.70, a critical level that must hold to maintain bullish market structure. Technical confluence suggests this zone could fuel a reversal toward $3.55.

Summary

  • Key $2.70 support aligned with value area high and Bollinger Bands
  • Potential higher low supports continuation of bullish macro trend
  • Open interest reset provides base for reversal toward $3.55

Ripple (XRP) is testing one of its most critical technical regions as price action trades back into high-time-frame support at $2.70. This level carries significant weight for the broader trend, with technical confluence from the value area high and Bollinger Bands strengthening its importance.

XRP has recently dipped despite bullish drivers, such as the REX-Osprey XRPR ETF launch and rising odds of Act 33 ETF approvals. A sustained defense of this zone could form a higher low and confirm the continuation of XRP’s bullish macro trend, characterized by consecutive higher highs and higher lows.

Ripple price key technical points

  • Support: $2.70 high-time-frame zone with confluence from value area high and Bollinger Bands.
  • Resistance Target: $3.55 high-time-frame level as the next upside objective.
  • Market Structure: Potential higher low forming within an ongoing bullish macro trend.

XRPUSDT (1D) Chart, Source: TradingView

The $2.70 support zone is emerging as a pivotal level for XRP. Price action has returned to this area after a corrective pullback, and structurally, this is where a higher low can form. If this level holds, it will reinforce the broader bullish framework, allowing continuation toward the next resistance at $3.55.

Adding weight to this zone is its technical confluence. The value area high aligns with the bottom half of the Bollinger Bands, providing dual layers of support. Historically, when XRP has defended similar zones, strong rotations have followed. The technical setup suggests that this region is not only structurally important, but also strategically positioned to support a return in demand.

XRP Open Interest, Source: Coinglass

Another key factor is open interest. Following the recent drop, open interest has returned to neutral levels, currently trading at around $8.96 billion. This is significant because it reflects a balanced market after prior aggressive positioning. Since Aug. 3, XRP has repeatedly gravitated around this open interest level, making it a base for potential reversals.

The path forward will depend on whether open interest begins to rise again in alignment with price action. A climb in open interest at $2.70 would signal renewed participation and conviction from market participants. This could provide the fuel for a rotation higher, with $3.55 standing out as the next upside target.

What to expect in the coming price action

If XRP holds $2.70 support and open interest rises in tandem with price, the conditions for a reversal toward $3.55 become increasingly likely.

Failure to defend this region would weaken the bullish macro trend and delay continuation.



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September 23, 2025 0 comments
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