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Crypto Trends

XLM Rallies 4% as Stellar Breaks Critical $0.40 Resistance Barrier

by admin October 2, 2025

Stellar’s XLM rose 4% in the past 24 hours, climbing from $0.39 to $0.40 with a brief push above $0.41. Trading volumes surged to more than double the daily average, establishing support at $0.40 and resistance near $0.41, signaling potential consolidation before the next move.

The rally followed Bitcoin.com Wallet’s integration of Stellar, giving millions of users access to its low-cost, fast payment network and DeFi tools. The news coincided with heightened volatility as XLM repeatedly tested the $0.41 level while holding key support.

Institutional demand is also fueling momentum, with traditional finance showing growing interest in blockchain-based payments. Strong volume during the breakout highlights rising market engagement as XLM pushes through psychological resistance zones.

Short-term action reinforced this trend: between 13:11 and 14:10 UTC on October 2, XLM briefly spiked to $0.41 on trading volumes nearly double the hourly average, underscoring robust bullish sentiment despite near-term resistance.

XLM/USD (TradingView)

Technical Metrics Indicate Persistent Strength

Rally developed through two separate phases featuring initial advancement to $0.40 followed by decisive breakout exceeding $0.41 during overnight sessions.
Outstanding trading volumes of 90.15 million and 61.23 million documented, substantially above 24-hour benchmark of 36.85 million.
Essential support formed at $0.40 with substantial volume backing while resistance materialized around $0.41.
Volume surges surpassed 1.4 million during 13:45 and 13:51 periods, exceeding hourly benchmark of 750,000.
Repeated resistance challenges near $0.41 with support stabilization around $0.40 threshold.
Robust upward trajectory preserved with balanced profit-taking patterns above essential $0.40 psychological barrier.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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October 2, 2025 0 comments

Crypto Trends

European Central Bank Picks Providers For Possible Digital Euro Rollout

by admin October 2, 2025

The European Central Bank (ECB), as part of its preparation phase for a potential digital euro launch, announced framework agreements with technology providers responsible for components of the central bank digital currency (CBDC).

In a Thursday notice, the ECB said it had reached agreements with seven entities — and at least one more expected to be announced — to provide services related to managing fraud and risk, a secure exchange of payment information, and software development for a possible digital euro. Among the companies were Feedzai, which uses AI to detect fraud and the security technology company Giesecke+Devrient.

“Following the framework agreement conclusion, G+D and other successful tenderers will work with the ECB to finalize planning and timelines,” said Dr. Ralf Wintergerst, CEO of Giesecke+Devrient. “Under the guidance of the ECB Governing Council and in line with EU legislation, this work will cover the design, integration, and development of the Digital Euro Service Platform.”

Agreements with technology companies for risk and fraud management of the potential digital euro. Source: ECB

ECB officials have been exploring a potential digital euro rollout since 2021, moving into the preparation phase in late 2023 as part of its plans. Though the Thursday notice clarified that the central bank authorities would only decide whether to launch the CBDC “once the Digital Euro Regulation has been adopted,” an ECB official said last week that a launch in 2029 was possible.

Related: A third of central banks cool on launching CBDCs over regulatory concerns

“The actual development of the components — or parts thereof — will be decided at a later stage, subject to the ECB Governing Council’s decision on the potential next phase of the project,” said the ECB. “Framework agreements do not involve any payment at this stage and include safeguards allowing for the scope to be adjusted in line with changes to the legislation.”

Other components and services that the technology companies will provide include “alias lookup,” allowing digital euro users to send or receive funds “without necessarily knowing the details of the Payment Service Provider of the other end-user.” Giesecke+Devrient is also responsible for the engineering and development of allowing users to make or receive payments with digital euros while offline.

EU authorities express concerns about stablecoin risks

Amid the potential digital euro rollout, officials with the ECB and European Union financial watchdogs have been warning about possible risks on local markets introduced by certain stablecoins. These policies stand in contrast to those of the US, where many members of Congress and President Donald Trump signed a stablecoin bill into law in July, establishing a regulatory framework for the coins.

ECB President Christine Lagarde said in September that EU lawmakers should take steps to address potential risks from stablecoins jointly issued by entities covered under the region’s Markets in Crypto-Assets framework (MiCA) and non-EU companies.

The European Systemic Risk Board, in a separate decision, reportedly passed a non-legally binding recommendation to ban similar jointly issued stablecoins.

Magazine: 7 reasons why Bitcoin mining is a terrible business idea

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October 2, 2025 0 comments

Crypto Trends

Robinhood CEO Calls Asset Tokenization an ‘Unstoppable Freight Train’

by admin October 2, 2025

At the Token2049 conference in Singapore on October 1, 2025, Robinhood CEO Vlad Tenev said he views asset tokenization as a long-term trend that could bring crypto and traditional finance closer together.

He described the process as creating digital versions of assets, such as stocks, on a blockchain—a service Robinhood recently introduced for customers in the European Union.

Tokenized stocks for international investors

Tenev suggested that tokenized assets may become the default way for investors outside the U.S. to gain exposure to American stocks.

According to him, this shift could address inefficiencies in current financial infrastructure and create closer links between digital and traditional systems. Robinhood’s introduction of tokenized U.S. stock trading in the EU reflects this view.

Robinhood’s expansion strategy

Tenev’s remarks also reflect Robinhood’s ongoing international expansion. Earlier this year, the company introduced tokenized U.S. stock trading for customers in the European Union, where the Markets in Crypto-Assets (MiCA) regulation provides a clearer framework for such products.

By starting in a jurisdiction with established oversight, Robinhood is testing tokenization in a regulated environment before considering broader adoption in other markets.

Broader implications and challenges

Tenev’s comments fit into a wider industry discussion about tokenization, where creating digital versions of assets such as stocks is seen as a way to make markets more accessible and efficient.

Other financial firms have launched similar projects, but significant challenges remain, including regulatory uncertainty in the U.S., the scalability of blockchain infrastructure, and the security standards needed for large-scale adoption. Although, something notable is that this market is being explored with certain expectations.

Tenev’s remarks highlight how a major U.S. brokerage views tokenization as part of its international strategy. The pace of adoption, however, will depend on regulatory clarity, technical scalability, and how both investors and institutions respond to these models.

Also read: S&P 500 Adds AppLovin, Robinhood, Emcor, Excludes MicroStrategy

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October 2, 2025 0 comments

Crypto Trends

$4 Trillion Banking Giant JPMorgan Teases Bitcoin Price to $165,000

by admin October 2, 2025

Bitcoin (BTC) has gained over $3,000 in the last 24 hours as the flagship cryptocurrency experienced an upward rally. Amid this bullish movement, the asset has received an institutional endorsement that could trigger a further price uptick. According to a report, JPMorgan, the biggest bank in the U.S., has stated that the coin is undervalued, predicting a rise to $165,000.

JPMorgan says Bitcoin is undervalued compared to gold

The assessment of Bitcoin’s value by JPMorgan’s analysts comes as they benchmarked BTC against gold. The valuation could have been based on price-to-market size, investment inflows or volatility. The global financial giant insists that the current price of Bitcoin is too low relative to gold’s market value.

JUST IN: JPMorgan says Bitcoin is “undervalued” compared to gold

— Kalshi (@Kalshi) October 2, 2025

That is, if Bitcoin were valued like gold on the broader financial market, it would be higher than that of the precious metal. JPMorgan sees upside potential for BTC, and this kind of statement is capable of triggering bullish sentiment on the crypto market.

As per JPMorgan’s estimation, Bitcoin price could reach $165,000 per coin on a volatility-adjusted basis, relative to gold. It relies on the analysis of ongoing “debasement trade,” which is pushing investors toward assets like gold and Bitcoin as a store of value.

The $165,000 forecast assumes that Bitcoin will continue with its current upward momentum and inflows into BTC exchange-traded funds (ETFs). Regardless of the conditions, the prediction has sparked an uptick in the price of the asset.

As of press time, Bitcoin exchanged hands at $119,288.53, which marked a 2.36% increase in the last 24 hours. It previously hit a peak of $119,453.67, signaling potential for more upside. The trading volume has also climbed by 6.68% to $67.76 billion.

It is likely that if Bitcoin bulls support the current momentum, the asset will flip $120,000 and begin its journey toward its all-time high (ATH). It is worth mentioning that the current ATH of $124,457, which was set on Aug. 13, is less than 5% away.

Beyond JPMorgan, Bitcoin validation is viral

Interestingly, JPMorgan is not the only one bullish about Bitcoin’s price. In a recent analysis, CryptoQuant suggested that the asset could break out to $150,000.

The analytics platform based its projection on the increased minting of fresh stablecoins in the last 60 days. According to available data, 10 billion USDT have been added to the market, signaling increased liquidity.

Similarly, Pavel Durov, Telegram CEO, has predicted that Bitcoin could hit seven figures based on scarcity. He maintained that the rate at which governments are printing fiat currency means inflation is inevitable, and this will increase the value of BTC to $1,000,000.

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October 2, 2025 0 comments

Large open bank vault door symbolizing secure bitcoin storage

Crypto Trends

DoubleZero Mainnet Goes Live With 22% of Staked SOL on Board

by admin October 2, 2025

A new project wants to give blockchains their own “fast lane” on the internet. The DoubleZero Foundation announced Thursday that its highly anticipated mainnet-beta is live.

DoubleZero is a network built to speed up how blockchain validators talk to each other. Instead of relying on the public internet, which can sometimes be slow and unpredictable, Solana validators can now connect through DoubleZero’s fiber routes, which let users transact faster.

In simple terms, DoubleZero is like a private highway system for blockchains. While normal internet routes are designed to be cheap and broad, they aren’t built for the split-second coordination thousands of blockchain nodes need. DoubleZero says its network reduces lag and makes it easier for validators to process transactions and stay in sync, which could improve both performance and reliability for end users.

“Blockchains and other globally distributed systems rely on thousands of nodes coordinating in real time. The efficiency of their communication layer directly impacts security, validator profitability and the end-user experience,” said Austin Federa, the co-founder of DoubleZero, in a press release shared with CoinDesk.

The project has already seen early adoption. Currently, 22% of staked SOL is plugged into the DoubleZero network. Big industry names like Jump Crypto, Galaxy, RockawayX, and Jito are contributing fiber links and engineering resources, betting that faster internet infrastructure will pay off as blockchain applications scale.

In March, DoubleZero raised $28 million and at $400 million in valuation, with Dragonfly and Multicoin Capital leading the initial funding round.

Fueling the system is DoubleZero’s own token, called 2Z, built on Solana. Validators and stakers use the token to access the network’s high-speed routes, with rewards tied to how much utility they provide.

Earlier this week, the U.S. Securities and Exchange Commission issued a no-action letter to DoubleZero, letting them move forward with the launch of the network’s native tokens.

While today’s launch focuses on Solana, DoubleZero’s ambitions go further. “As part of its roadmap, DoubleZero aims to expand the chain-agnostic network to support additional blockchains and high-performance distributed systems,” the team wrote in their press release.

Read more: ‘Crypto’s Flash Boys’: A Q&A With Austin Federa on DoubleZero

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October 2, 2025 0 comments

Crypto Trends

XRP Ledger’s MPT Launch Delivers What Ethereum Can’t

by admin October 2, 2025

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

The XRP Ledger activated its Multi-Purpose Token (MPT) standard on October 1, turning on a native, protocol-level framework for issuing and governing fungible tokens that aims squarely at institutional tokenization—without relying on bespoke smart contracts. “The Multi-Purpose Token (MPT) standard is now live on the XRP Ledger mainnet,” wrote Ripple engineer Kenny Lei on X.

“It’s a new native token standard designed to make issuing real-world assets onchain far simpler, safer, and more aligned with how financial institutions operate.” Lei underscored the architectural departure from prevailing models: “Unlike most token standards, MPT isn’t built with custom smart contracts. It’s embedded directly into the protocol.”

XRP Ledger’s MPT Targets Ethereum’s Institutional Gap

That design choice is the point. On Ethereum, fungible assets such as ERC-20, or security-oriented frameworks like ERC-1400 and ERC-3643, are implemented as smart contracts at the application layer. By definition they must encode and enforce rules in contract code and coordinate with auxiliary registries, identity modules, or compliance oracles.

In Ethereum’s own documentation, an ERC-20 token is “a Smart Contract…responsible to keep track of the created tokens,” and security-token standards add optional modules for transfer controls, allowlists, document references, and operator roles—all still delivered as contract logic. MPT inverts that stack order by putting core controls in XRPL’s base protocol rather than in per-issuer contracts.

Lei’s thread framed the business problem: institutional pilots routinely stall over audit scope, bespoke logic, and regulatory uncertainty. MPT’s claim is to standardize those frictions away. As shipped, issuers can attach compliance and lifecycle semantics to a token “out of the box,” including KYC/AML authorization and allowlists, issuer-defined transfer rules, freeze and clawback rights, on-chain metadata for reporting and disclosure, and multi-signature or delegated key management.

Ripple’s institutional roadmap, updated in late September, positioned MPT as the “language of real assets”—able to carry maturity schedules, tranche identifiers, eligibility constraints, and recovery mechanisms natively, with confidential variants slated to enable privacy-preserving transfers. “MPT offers a protocol-level upgrade that makes XRPL more useful for regulated finance, while still staying true to its principles: simple, efficient, and built for utility,” Lei wrote.

The standard’s immediate scope targets the bread-and-butter of institutional tokenization. Lei listed use cases that match regulator expectations: bonds with coupon schedules, share classes with investor eligibility rules, stablecoins with recovery processes, fractionalized real-world assets, tokenized money market funds, closed-loop loyalty instruments, and collateral that can plug into what Ripple calls “Institutional DeFi.”

The company’s September brief mapped those MPT assets to a forthcoming native lending protocol in XRPL v3.0, an “MPT DEX” path for secondary trading, and a roadmap to “Confidential MPTs” integrated with zero-knowledge tooling. In Lei’s words: “MPTs are core building blocks for institutional DeFi: they’ll underpin vault share issuance in the Lending Protocol, unlock seamless secondary market activity with MPT DEX, and support future Confidential MPTs.”

For critics, the timing and approach will invite comparison to Ethereum’s decade of ERC standards. One community member cautioned that established ERC security-token frameworks have been “tried and true,” and suggested that extending XRPL’s earlier trust-line model might have been less disruptive.

Lei responded that XRPL’s AMM/DEX support for MPTs is shipping incrementally rather than in one sweep, with the current feature set intended to lay down durable primitives as the rest of the stack catches up. “AMM/DEX support for MPTs is coming soon! We are looking to build incrementally instead of introducing one big change. The current MPT feature sets a strong foundation to build upon,” Lei concluded.

The contrast to Ethereum is stark precisely where regulators focus: who can hold what, when can transfers be paused or reversed, how are issuer rights constrained, and where do disclosures live. In Ethereum’s universe, ERC-1400-style capabilities—whitelists, transfer restrictions, document links, and operator roles—are durable but optional and variably implemented across contract libraries.

MPT’s bet is that moving those controls into the ledger itself will lower integration cost and compliance ambiguity for conservative issuers. That is what the headline’s provocation—“promises what Ethereum can’t deliver”—is pointing at: not functional impossibility, but a different trust and assurance model rooted in protocol guarantees rather than contract conventions.

At press time, XRP traded at $2.97.

XRP breaks above the trendline, 1-day chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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October 2, 2025 0 comments

Crypto Trends

Ethereum or Solana: Which Hits a New All-Time High First?

by admin October 2, 2025

In brief

Ethereum sits 13.8% from its all-time high versus Solana’s steeper 34.12% climb.
Prediction market Myriad places odds at 62% that ETH hits a new high before any major drop.
Myriad users are bearish at the moment on a new SOL high. Here’s what the charts are looking like.

Goodbye “red September,” hello “Uptober.” As the bullish vibes return to the crypto market, traders appear to be setting their sights on risk assets beyond just Bitcoin, with Ethereum and Solana—two of the largest altcoins by market capitalization—each rising 5% today. So where are traders most likely to place their bets next?

The month that traditionally punishes crypto investors ended up delivering a 3.5% gain for the total market cap, defying the doomsayers who predicted blood in the streets based on historical data. Now October has arrived—what traders call “Uptober” for its historically bullish performance—and the hunt for new positions is on.

Two of crypto’s most important altcoins have become the center of intense speculation as permabulls pound the table for new all-time highs. Ethereum and Solana, the twin giants of smart contract platforms, are both within striking distance of their record prices. But which gets there first?

Prediction markets have spoken, and they’re split.

On one side, users on Myriad—a prediction market built by Decrypt’s parent company Dastan—say there’s a 62% chance Ethereum will reach $5,000, a new all-time high price, before it drops to $3,500. It’s an overwhelming confidence that reflects simple mathematics. ETH needs less than 15% to hit new heights from its current $4,144.89 price. Interestingly, these odds are way up from just last Friday, when Myriad predictors gave ETH just a 32% chance of reaching a new record price.

Solana tells a different story. Traders on Myriad have set the line at 52.4% that SOL does not mark a new all-time high by the end of this year. And this skepticism also makes sense: Solana sits at $210.95, requiring a 34.12% surge to reach its $295.11 peak. That’s a much steeper mountain to climb, compounded by uncertainty regarding if and when Solana ETFs hit Wall Street and historically lower institutional adoption. These odds have been trending in the opposite direction from the Ethereum market on Myriad, with users having previously given SOL a 67% chance of hitting a new high as recently as two weeks ago.

Ethereum vs Solana: What the charts say

To figure out which coin wins the race, we turned to Fibonacci fans rather than the standard retracements most traders use. Here’s the difference: retracements tell you price levels—where support and resistance live. Fans add time into the mix, projecting not just where price goes but when it should get there.

Think of retracements as saying, “The coin should stop at this level.” Fans instead say, “The coin should reach this level by this date if the trend holds.” For a race between two assets, that timing component changes everything. The fans draw diagonal trendlines from swing lows, creating a roadmap that factors in both price targets and the calendar.

Also, the charts today are configured using weekly candlesticks instead of the usual daily candlestick we normally analyze. This allows for the study of longer timeframes, reduces a lot of price noise, and gives a clear view of what could happen in a medium timeframe of several weeks ahead.

Ethereum’s technical setup

Ethereum’s chart screams opportunity, but with a caveat. The Relative Strength Index, or RSI, sits at 62—a goldilocks reading that signals strong momentum without approaching the dreaded overbought territory above 70. There’s room to run before profit-takers arrive.

Ethereum price data. Image: Tradingview

The Average Directional Index, or ADX, at 32 confirms this isn’t just noise. ADX measures trend strength regardless of direction on a 0-100 scale. Readings above 25 indicate an established trend; above 40 signals extreme power. At 32, traders would say Ethereum’s uptrend has legitimate momentum behind it.

The moving average configuration adds another bullish layer. Ethereum’s 50-day exponential moving average trades above the 200-day EMA, which is a sign of a strong bullish movement. In layman’s terms, it means the average price of ETH over the short-term is trading higher than the average price over the longer term. This setup typically provides support during pullbacks, giving buyers multiple chances to enter on dips.

But here’s the wrinkle: The short-term trajectory shown by the dotted white trendline points downward. While the broader trend stays bullish, near-term price action could see consolidation or minor pullbacks.

The Fibonacci fan analysis suggests ETH could hit its all-time high anytime between next week (if current momentum holds) and December (if things slow down but the trajectory remains in play). If the trajectory is canceled, and ETH enters into a heavy correction, prices could move towards the $3K line and make bulls sweat heavy.

Key levels:

Immediate support at $4,000 (psychological),
Strong support at $3,500 (visual support)
Immediate resistance at $4,500 (support/resistance in play since August),

ATH Target: $4,954.

Solana’s steeper mountain

Solana’s technical picture shows a coin still searching for its groove. The RSI at 59 indicates healthy buying pressure—similar to ETH but running slightly cooler. More concerning is the ADX at just 17, well below the 20 threshold that signals directional movement. This suggests choppy, trendless trading rather than a sustained push higher.

Solana price data. Image: Tradingview

Low ADX readings work like compressed springs—the longer they stay compressed, the more explosive the eventual release. The Squeeze Momentum Indicator shows “off” with bullish status, suggesting the compression phase has ended and directional movement could be starting. SOL trades above both its 50-day and 200-day EMAs, providing a foundation for upside even if the path stays volatile.

The wild card? Multiple ETF issuers report “high conviction” that Solana ETF approvals could come as early as next week. Bloomberg’s Eric Balchunas wrote that new crypto ETF approvals are “really 100% now” thanks to generic listing standards. This is not part of the technical analysis, but is important to consider as it could be an event that affects the markets.

Fibonacci fans project a wider timeframe for Solana to reach all-time high levels—anywhere from late October 2025 to February 2026. This reflects both the larger percentage gain required and weaker trend conviction shown by that low ADX reading.

Key levels:

Immediate support: $200 (psychological),
Strong support: $187 (consolidation zone),
Immediate resistance: $260
All-time high target: $295.11.

The verdict

Pure mathematics favors Ethereum. A 13.8% move simply beats 34.12%, and ETH’s superior technical setup—stronger ADX, better-positioned RSI, tighter Fibonacci fan projection—reinforces this edge. The most likely scenario sees Ethereum reaching its all-time high first, potentially within weeks if momentum holds. That, of course, assuming this short-term correction is just that: a correction.

But Solana’s compressed volatility and potential ETF catalyst create an asymmetric risk-reward setup. History shows what happens when ETFs arrive: Bitcoin spiked after January’s approvals. Ethereum pulled massive institutional flows despite mixed initial sentiment. If Solana gets its ETF moment next week, that 34% gap could close faster than the charts suggest.

This may be just hopium, but there’s a lot of that in the crypto market.

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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October 2, 2025 0 comments

Crypto Trends

CLS Mining launches next-generation mining rigs

by admin October 2, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

CLS Mining makes cryptocurrency mining accessible to anyone by removing the need for expensive machines and offering simple, flexible cloud mining contracts.

Summary

New users on CLS Mining receive a $15 signup bonus along with a $0.60 trial bonus when registering on the platform’s website.
A variety of cloud mining contracts are available, allowing users to select options that align with different budgets.
Earnings are settled around the clock, and once the account balance reaches $100, funds can be withdrawn or reinvested.

“Hashrate” refers to the number of hash calculations a mining node can complete per second during the mining process, measured in hashes per second. Higher hashrate means more computers are participating in the calculation, resulting in stronger overall network security and competitiveness.

“Hashrate Ring” is measured as the difference between the short-term (30-day) and long-term (60-day) moving averages of hashrate, reflecting the magnitude of changes in current hashrate relative to past trends.

By tracking shifts in hashrate through measures like the Hashrate Ring, miners and investors can better understand network trends. For those who want to participate without running their own hardware, cloud mining platforms provide a simple entry point.

How to get started? Three easy steps：

1. Sign up: Visit the official website of CLS Mining to register an account and receive a $15 signup bonus and a $0.60 trial bonus.

2. Choose a mining contract: Users can browse various cloud mining contracts and select one that suits their budget.

3. Daily settlement: The platform settles earnings 24 hours a day. Once a user’s account balance reaches $100, they can withdraw or reinvest to grow their assets.

The platform’s core advantages at a glance

Zero barriers to entry: Register and receive a $15 cloud mining trial credit. Easily earn digital assets without purchasing a mining machine or complex configuration.
One-click mining, easy operation: Once users select the right mining contract, the system automatically runs. No technical background is required, so even beginners can participate right away.
Diverse contracts, flexible investment: The platform offer mining contracts covering multiple currencies with diverse terms and payout methods, suitable for different fund sizes and investment objectives.
Powered by green energy: All data centers utilize renewable energy sources such as solar, hydropower, and wind power, creating an environmentally friendly and sustainable mining model.
Comprehensive security: Utilizing top-tier SSL encryption and DDoS protection technology, the platform ensures the safety of user account data and funds.
Affiliate program: Users can earn up to 4.5% real-time returns by referring and sharing their account.
Real-time revenue monitoring: Whether via the website or app, users can check mining progress, profit data, and contract details at any time.
24×7 multilingual support: 24/7 online customer service in multiple languages to promptly resolve registration, deposit, and contract-related issues.

About CLS Mining

CLS Mining is an innovative cloud computing platform. They provide users worldwide with an easy, secure, and efficient way to access digital assets. Whether users are beginners or experienced investors, there’s no need to purchase mining machines, build a mining farm, or handle complex operations and maintenance. With just a few simple steps, anyone can participate in the cryptocurrency network and share in its value growth.

Summary

CLS Mining leverages next-generation mining machines and innovative cloud computing services to provide users with a low-barrier, highly efficient, and environmentally friendly way to acquire digital assets.

To learn more about CLS Mining, visit the official website.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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October 2, 2025 0 comments

Crypto exchange Bullish goes public on the New York Stock Exchange. (Aoyon Ashraf/Modified by CoinDesk))

Crypto Trends

BBVA Teams With SGX FX to Launch Retail Crypto Trading in Europe

by admin October 2, 2025

Spanish bank BBVA has partnered with Singapore’s SGX FX to allow retail customers to trade digital assets directly through its platforms.

The integration, marking a first for the European market, the companies said on Thursday, will initially support bitcoin and ether, offering 24/7 trading with the same framework BBVA uses for foreign exchange.

SGX has been a digital assets and blockchain tech enthusiast for several years, while BBVA has also been at the forefront among banks when it comes to crypto.

SGX FX provides banks with aggregation, pricing, distribution and risk-management tools while maintaining operations across key global data centers in London, New York, Tokyo and Singapore.

“SGX FX has built its reputation over 25 years by delivering a platform hardened by decades of live trading for the global FX markets. By tightly integrating digital assets into our existing FX offering, we enable banks like BBVA to move quickly, launch seamlessly, and serve growing client demand – all without the need for a full stack replacement,” said Vinay Trivedi, COO, SGX FX Sell-side Solutions.

The European Union’s Markets in Crypto-Assets (MiCA) regulation has opened the path for highly regulated firms to offer crypto services and by working with SGX FX, BBVA positions itself to comply with these requirements while meeting rising client demand.

“Digital assets are rapidly becoming an integral part of the global finance system. It’s natural that our customers want to be able to trade these assets using the same trusted system,” said Luis Martins, Global Head of Macro Trading at BBVA.

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October 2, 2025 0 comments

Crypto Trends

Bitcoin Four-Hour RSI Flips ‘Overbought’ in BTC Price Retracement Signal

by admin October 2, 2025

Key points:

Bitcoin may have topped out at $119,500 as price indicators flip “overbought.”
Traders eye a support retest to consolidate its latest rebound, which is nearing 10% in a week.
ETF inflows total $1.6 billion in three days, with IBIT breaking into the top 20 ETFs by assets.

Bitcoin (BTC) is ready for a short-term pullback and support retest as price metrics flash “overbought.”

Traders warned Thursday that BTC/USD may retreat lower next after hitting six-week highs above $119,000.

RSI calls for BTC price to take a break

Bitcoin has gained almost 10% over the past week as bulls stage a comeback, echoing the upside in gold.

Amid a trip to over $119,500 on Bitstamp, per data from Cointelegraph Markets Pro and TradingView, market participants nonetheless see the rally cooling before continuation is possible. This is due to price indicators becoming overheated.

“Looking at this further, pullback/retest makes sense as shown by LTFs,” popular trader Roman wrote in part of an X post on the topic.

“Everything is overbought but no signs of initial weakness. Simple breakout & retest.”BTC/USD four-hour chart with RSI data. Source: Cointelegraph/TradingView

Among the evidence supporting such a move is the relative strength index (RSI), now firmly in “overbought” territory at nearly 90/100. This marks the highest four-hour readings since July, when BTC/USD first traded above $123,000.

RSI is a classic leading indicator, and overbought values on lower timeframes can precede a market turnaround.

On the daily and weekly charts, the situation has proven to be different, with RSI staying “overbought” throughout the final phases of previous bull markets.

“Volume, rsi, & macd look good for continuation to 124k over next few days,” Roman summarized.

BTC/USD one-day chart with RSI data. Source: Cointelegraph/TradingView

Bitcoin ETFs underscore bullish momentum

Continuing on RSI, Caleb Franzen, creator of financial research resource Cubic Analytics, spied a bullish divergence playing out on Bitcoin versus the S&P 500 on Wednesday.

Related: Bitcoin pushes for $118K as analysis calls US gov’t shutdown ‘non-event’

This came from analyzing the largest US spot Bitcoin exchange-traded fund (ETF), BlackRock’s iShares Bitcoin Trust (IBIT).

Bullish RSI divergence for Bitcoin relative to the S&P 500 (IBIT/SPY). pic.twitter.com/hGH2XZoPWc

— Caleb Franzen (@CalebFranzen) October 1, 2025

Data from UK-based investment company Farside Investors confirms net inflows across the US ETF cohort of more than $1.6 billion this week. IBIT contributed $600 million of the total.

US spot Bitcoin ETF netflows (screenshot). Source: Farside Investors

At the same time, Eric Balchunas, a dedicated ETF analyst at Bloomberg Intelligence, confirmed its entry into the top 20 largest ETFs by assets.

“Someone asked me how long till Top 10. It is $50b away. If the last 12mo are repeated it may not take long. It took in $40b last 12mo and went up 85%,” he revealed on X.

“That said, those other ETFs growing too so i don’t know. If forced i’d set the over/under for Xmas 2026.”US ETF placement by assets. Source: Eric Balchunas/X

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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October 2, 2025 0 comments