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XLM Surges 3.7% as Final-Hour Breakout Drives Fresh Momentum

by admin September 30, 2025

Stellar’s native token XLM posted a strong rally over the past 24 hours, climbing 3.7% from $0.36 to $0.37 on heavy trading activity. The move was fueled by two distinct breakout phases: an evening surge on September 28 at 22:00 that carried prices to $0.37 on volume nearly double the daily average, followed by a secondary push at 13:00 the next day that reinforced bullish momentum. Both sessions were supported by elevated volumes above 31 million units, signaling broad market participation.

The final hour of trading on September 29 proved particularly explosive, with XLM advancing 1.64% between 13:10 and 14:09. A breakout began at 13:42, marked by a sharp volume spike exceeding 1.9 million units on a single candle. That surge carried the price through resistance at $0.366, establishing a fresh uptrend channel. XLM went on to touch intraday highs near $0.372 before consolidating just below at $0.371 as volumes tapered off.

Momentum for Stellar’s token comes as the project continues expanding its footprint in the Asia-Pacific region. Stellar has been strengthening its cross-border payment partnerships with Southeast Asian banks while developing Soroban, its smart-contract platform designed to broaden the network’s capabilities. These moves align with increasing adoption of blockchain-based payment infrastructure within traditional finance, particularly for international transfer systems.

With XLM still trading under the $1.00 threshold, the token has also drawn retail traders who view lower-priced digital assets as accessible entry points into blockchain ecosystems. Combined with the institutional interest highlighted by the high-volume breakouts, Stellar’s recent performance underscores its positioning as both a retail-friendly token and a serious contender in cross-border financial innovation.

XLM/USD (TradingView)

Technical Indicators Signal Continued Strength

XLM climbs from $0.36 to $0.37 with $0.01 range posting 3.70% gains in 24-hour session ending September 29 14:00
Initial breakout hits $0.37 at September 28 22:00 on 31.93 million unit volume, crushing 18.47 million daily average
Secondary surge reaches $0.37 at September 29 13:00 with 31.61 million unit volume spike
Final 60 minutes from 13:10 to 14:09 deliver explosive 1.64% acceleration
Breakout launches at 13:42 with volume erupting past 1.9 million units on 13:43 candle
Price smashes $0.37 resistance, establishing fresh uptrend channel structure
Support base forms at $0.37 with session peak touching $0.37
Consolidation near $0.37 on declining volume in closing minutes

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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September 30, 2025 0 comments

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Eric Adams, New York’s Crypto-Friendly Mayor, Won’t Seek 2nd Term

by admin September 30, 2025

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

New York Mayor Eric Adams has announced that he would end his campaign for a second term, saying he could no longer mount a viable run.

According to his statement, the withholding of public matching funds and persistent questions about his legal past left the campaign without the money or momentum it needed.

Adams will remain in office until January 1, 2026, and his name will still appear on the November 4, 2025, ballot because the deadline to remove it has already passed.

Campaign Funds And Legal Shadows

Reports have disclosed that the city Campaign Finance Board paused matching payments to Adams’s bid, a move he said crippled fundraising.

He also faces a cloud from an indictment brought in 2024; he has pleaded not guilty. In 2025, the Department of Justice moved to drop the case, an action that drew sharp attention and allegations of political influence by critics.

Only in America. Only in New York.
Thank you for making my story a reality. pic.twitter.com/efHuyBnITJ

— Eric Adams (@ericadamsfornyc) September 28, 2025

Adams told supporters that the steady stream of questions about his legal future made it impossible to run a serious campaign. Polls showed him trailing key rivals, and donors became hesitant.

A Pro-Crypto Mayor’s Exit Could Shift Policy

Adams had positioned New York as welcoming to cryptocurrency firms and blockchain projects. According to media coverage, he pushed for measures such as a municipal Bitcoin bond and changes to the city’s BitLicense rules to make them more industry friendly.

Those efforts helped craft his image as a pro-crypto mayor. With him stepping back, the fate of those policies is less certain. Supporters in the crypto sector worry that momentum could slow without his voice in City Hall, while opponents say any successor may push for tighter consumer protections.

BTCUSD trading at $112,071 on the 24-hour chart: TradingView

The Race Reconfigured

Zohran Mamdani won the Democratic primary and now leads in general election polls. Andrew Cuomo, who lost the primary, is running as an independent and could pick up votes from those uneasy about Mamdani.

Curtis Sliwa remains the Republican contender. Adams did not endorse any candidate when he withdrew. Analysts say his exit may consolidate some anti-Mamdani voters around Cuomo, though nothing is guaranteed.

What The Withdrawal Means For Voters

Voters face a shorter list of clear choices. Adams argued that constant scrutiny and a lack of campaign funds left him with little option but to step aside.

He warned of “insidious forces” using government power to push division, language that sent ripples through local politics.

City officials and activists will now press the remaining candidates to lay out plans on jobs, housing, public safety, and how they would handle the growing but contested crypto sector in the city.

Featured image from Slaven Vlasic/Getty Images, 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 30, 2025 0 comments

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Bitcoin Whale Awakens After 12 Years to Move $44 Million in BTC

by admin September 29, 2025

In brief

An old address holding 400 Bitcoin worth over $44 million has moved their “digital gold.”
The coins had sat in the digital wallet since November 2013. Bitcoin is up 16,000% since then.
A growing number of “Satoshi-era” investors have moved their Bitcoin in recent months with BTC steadily above $100K.

Another long-term Bitcoin investor is back in action and making moves.

Data from Arkham Intelligence shows that an address holding over $44 million in digital coins made a transaction after 12 years of dormancy.

Sunday was the first time the 400 Bitcoin had been touched since they arrived in the digital wallet in November 2013— just four years after the oldest blockchain came to life.

Back then, the price of Bitcoin stood at around $720, according to CoinGecko. It’s now trading for over $114,000—a nearly 16,000% rise. As is often the case, it’s unclear who owns the wallet, as such personally identifying information isn’t included on the blockchain.

Back in 2013, the lowest price the oldest cryptocurrency touched was a mere $13. It soared to over $1,132 by the end of the year.

Old addresses holding such large amounts of Bitcoin likely belong to miners—people or companies—who started minting new coins during the digital asset’s early years.

Back then, new coins could be produced using desktop computers. But now in the increasingly industrialized Bitcoin mining world, companies use warehouses full of computers to process transactions on the crypto network.

A number of big, long-term Bitcoin holders—known as “whales”—have started moving coins this year as the cryptocurrency dubbed “digital gold” trades comfortably above $100,000. Such moves have, in the past, spooked markets, as traders largely interpret such reactivations of old wallets as an intention to sell off the stash.

At the moment, market sentiment on Bitcoin has once again flipped bullish, with users on Myriad—a prediction market developed by Decrypt’s parent company Dastan—now favoring a move to $125K over a drop to $105K at nearly 58%. Those odds had dropped as low as 29% just yesterday.

Back in July, a whale sold more than 80,000 Bitcoin—over $9 billion at the time—after holding the coins for 14 years. Analysts were initially puzzled, but institutional crypto firm Galaxy later revealed it had executed the sale for the unidentified Satoshi-era investor.

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September 29, 2025 0 comments

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Sei price nears bearish breakout as transactions plunge 87%

by admin September 29, 2025

Sei price has crashed to an important support level and formed a descending triangle as the number of transactions and active addresses plunged in September.

Summary

Sei crypto price has formed a descending triangle pattern.
The number of transactions plunged by 87% in the last 30 days.
Sei’s unique active wallets fell by 20% in the same period.

Sei (SEI), a popular layer-1 network, plunged to the key support at $0.2645, its lowest level in August and September this year.

Data compiled by Nansen show that the number of transactions plunged by 87% in the last 30 days to 57 million. This crash makes it one of the worst-performing chains in September.

The data show that active addresses dropped by 24% to 13 million. Also, fees dropped by about 12% to just $16,000.

Sei’s performance in the gaming market, where it dominates, also deteriorated. According to DappRadar, the number of unique active wallets dropped by 20% in the last 30 days to 13.45 million.

More data shows that its total value locked plunged by 17% in the last 30 days. Most notably, Sei’s stablecoin supply dropped to $140 million, its lowest level since March and much lower than the year-to-date high of $296 million.

Sei price technical analysis

Sei price chart | Source: crypto.news

The daily timeframe chart shows that the Sei token price peaked at $0.3895 in July and then dropped to a low of $0.2645. It has crashed below the 50-day exponential moving average.

Sei crypto price has formed a descending triangle pattern whose support is at $0.2645. This is one of the most popular bearish continuation signs.

The Relative Strength Index has been in a downward trend. It has moved close to the oversold level of 70, while the MACD has moved below the neutral level.

Therefore, the token will likely have a strong bearish breakout, with the next point to watch at $0.1325, its lowest level this year. This target is about 50% below the current level. A move above resistance at $0.3500 will invalidate the bearish Sei price forecast.

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September 29, 2025 0 comments

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21Shares Updates Solana ETF Filing Ahead of SEC October Decisions

by admin September 29, 2025

21Shares, an ETF issuer, has filed an updated S-1 for its proposed Solana (SOL) ETF, providing fresh details on staking and in-kind redemptions

The U.S. Securities and Exchange Commission (SEC) is reviewing the filing, with decisions expected in October. The amendment explains how the fund would handle redemptions in kind and clarifies staking procedures.

Other issuers, including Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary, have also submitted similar revisions in recent days as they actively respond to SEC feedback. Currently, about nine applications for Solana ETFs are pending with the SEC.

SEC Decisions in October Could Shake The Markets

Meanwhile, October is gaining significance as a month for the crypto sector.The Several applications, including ETFs related to Solana, XRP, Litecoin, as well as Cardano, are expected to be decided upon by the SEC. Deadlines for these filings are spread throughout the month, and the SEC recently removed all delay notices, leaving the door open for approvals.

Earlier this month, the SEC approved updated listing standards for crypto ETFs, which may have streamlined the approval process.

Under the new rules, a crypto ETF must be listed on a heavily monitored market, have a futures contract overseen by the CFTC for six months, or be linked to an existing ETF holding at least 40% of the cryptocurrency.

Also Read: Polkadot’s Community Supports Plans For a DOT-Backed Stablecoin

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September 29, 2025 0 comments

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SEC Chairman Marks Crypto as ‘Top Priority’, Big XRP News Ahead?

by admin September 29, 2025

What’s coming for XRP?
Is $10 XRP realistic?

On Monday, September 29, Paul Atkins, Chairman of the Securities and Exchange Commission (SEC), publicly named crypto as a top priority for the agency during a brief interview with renowned American journalist Eleanor Terrett.

Paul’s statement has sparked fresh excitement across the crypto community as it aligns with growing speculation that the broader crypto market, with XRP at the center of attention, may be gearing up for major developments in the coming month.

What’s coming for XRP?

Atkins’ remarks came just hours after Eleanor Terrett broke the news that the SEC had asked issuers of XRP, Solana, Cardano, and Dogecoin ETFs to withdraw their pending 19b-4 filings.

While some commentators initially viewed the move as a setback for the crypto community, Terrett clarified that the opposite is true — the request is meant to speed up the approval process for these ETFs.

The withdrawal requests are consistent with the SEC’s recent approval of generic listing standards for all crypto ETFs. These new standards eliminate the need for issuers to submit individual 19b-4 forms. Instead, only an S-1 filing will be required, streamlining the process and paving the way for faster approvals.

With more than a dozen investment funds already filing for an XRP ETF and deadlines starting this week, the XRP community is increasingly optimistic that the altcoin could see a major breakout as early as October.

Is $10 XRP realistic?

Although XRP has struggled repeatedly to break through the $3.60 resistance level, market watchers remain confident that October could be the month when the token finally clears that barrier.

Source: CoinMarketCap

With the first XRP ETF expected to launch in October, community sentiment has shifted toward the possibility that XRP may soon reach price levels once thought “unrealistic.”

Industry experts predict that demand from institutional funds, combined with Ripple’s ongoing partnerships, could push XRP toward the $5–$7 range in the short term, while setting the stage for a long-term surge toward $10.

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September 29, 2025 0 comments

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Gold-Backed Cryptos Near $3B Market as Bullion Blasts to Fresh Record Highs

by admin September 29, 2025

Gold’s historic rally accelerated on Monday, with spot prices punching through $3,800 per ounce to set fresh all-time record, extending a torrid year in which bullion is up roughly almost 47% year-to-date.

That surge is echoing on across crypto rails, with gold-backed tokens climbing to an all-time high market capitalization of $2.88 billion, CoinGecko data shows. Tokenized versions of the metal are backed by physical reserves but settle on blockchain rails, offering round-the-clock trading and near-instant transfers.

XAUT$3,832.20 and Paxos’ PAXG$3,844.14, both tokens issued by firms predominantly known for their stablecoins, are dominating the category. XAUT’s capitalization stood near $1.43 billion and PAXG’s at roughly $1.12 billion, both at their respective all-time highs.

Liquidity has swelled alongside the rally, too. PAXG attracted more than $40 million in net inflows during September and set a fresh trading volume record surpassing $3.2 billion in monthly turnover.

PAXG market cap and token volume (DeFiLlama)

XAUT also posted a record $3.25 billion in monthly volume, per DeFiLlama. Meanwhile, the token’s market cap growth came solely from the underlying metal’s appreciation, as no new token minting happened this month after August’s $437 million jump.

Tether Gold (XAUT) market cap and trading volume (DeFiLlama)

The tokenized gold market could continue gaining as macro conditions remain supportive for the yellow metal. Investors expectations mount for more Federal Reserve rate cuts and a softer U.S. dollar, while anxiety builds over a possible government shutdown in the U.S. Meanwhile, BTC$114,421.03, often dubbed as “digital gold,” is lagging behind gold with a 22% year-to-date return.

Read more: Bitcoin to Join Gold on Central Bank Reserve Balance Sheets by 2030: Deutsche Bank

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September 29, 2025 0 comments

GameFi Guides

‘Trillions’ Meme Coin Surges to $60 Million Market Cap on Stablecoin Network Plasma

by admin September 29, 2025

In brief

Stablecoin network Plasma has meme coins now after entering “mainnet beta” last week.
The Trillions token hit a $60 million market cap on Sunday, before falling sharply.
It references a meme at the foundation of the Plasma thesis, predicting the total stablecoin market cap to be in the trillions of dollars.

A meme coin deployed on the Plasma stablecoin network peaked at a $60 million market capitalization on Sunday. It follows Plasma hitting “mainnet beta” last week, attracting $5.5 billion in total value locked, and its XPL token soaring to a $2.3 billion market cap.

The Trillions token is based on a meme at the core of the Plasma thesis, with the project referencing it as early as December 2024. However, it wasn’t until February 2025 that the meme took off both internally and externally, a Plasma representative told Decrypt before the network hit mainnet.

White House AI and Crypto Czar David Sacks said that stablecoins could create “trillions of dollars of demand for U.S. treasuries,” due to tokens often purchasing treasuries for their reserves. Plasma simply reposted this clip in February saying “trillions,” and it went viral despite the network having a small following at the time. A meme was born.

Plasma is a layer-1 network that’s optimized for stablecoin transactions, such as gasless USDT transfers. However, it is still a permissionless blockchain, meaning that anyone can build on top of it. And, with its “mainnet beta” launch being an apparent success, crypto degens have flocked to the stablecoin network to trade meme coins.

And it’s not only the Trillions token that has hit a market cap in the millions: other Plasma meme coins like Bankless, dog-themed coin Luna, and a Pepe clone have also soared. It appears that most of these coins are being created on the multi-chain launchpad, DyorSwap.

Despite the meme coin buzz, Plasma declined to comment as the project does not endorse meme coins on the chain. However, a Plasma representative previously explained to Decrypt how the trillions meme originated and evolved.

Following Sacks saying “trillions” and the Plasma post going viral, the company decided to embrace the meme. It became a way for Plasma employees to sign off social media posts and hype each other up—akin to the Milady cult signing off posts with “Milady.”

The trillions meme later evolved to also include “pre-trillions,” a Plasma representative previously explained, as a nod to the pre-rich meme that had taken over the crypto community.

When Plasma entered mainnet beta last week, users celebrating their XPL airdrop on social media adopted the “trillions” kicker. That same day, the Trillions meme coin was created, bubbling below a $10 million market cap before exploding to $60 million on Sunday. It has since plunged to an $18 million market cap, according to DEX Screener.

XPL, Plasma, with an unexpected airdrop of 5 figs to discord community members

Launching before MegaETH and Monad

Trillions

— Loopify 🧙‍♂️ (@Loopifyyy) September 18, 2025

Such a market cap is notable in the current meme coin landscape, with activity in the Solana trenches hitting a six-month low. It comes as crypto traders look to highly leveraged perp futures bets to feed their taste for degenerate trades.

Jokes aside, Plasma believes that the stablecoin industry will grow to be worth trillions of dollars, and hopes to host a sizable chunk of that. Less than a week after its debut, per DefiLlama, Plasma is the fifth-largest network for stablecoins ahead of the likes of Hyperliquid, Aptos, and Base.

At the time of writing, according to DefiLlama, the total stablecoin market cap is $297 billion, meaning a 236% increase is needed for a trillion-dollar valuation to be achieved.

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September 29, 2025 0 comments

Flare debuts FXRP, unlocking new utility for XRP in DeFi

GameFi Guides

Token sees $93m inflows as ETF decision nears

by admin September 29, 2025

XRP witnessed significant inflows of over $93 million as digital asset investment products tied to the cryptocurrency bucked the trend that hit top coins last week.

Summary

XRP recorded inflows of $93 million as digital asset investment products tied to the altcoin attracted investors.
The anticipation around upcoming ETF approvals has helped the surge in inflows.
XRP saw significant volumes when the REX-Osprey XRP ETF launched.

As crypto exchange-traded products recorded a total of $812 million in outflows this past week, XRP digital asset investment products attracted inflows.

Crypto asset manager CoinShares reported on Sept. 29 that the global digital-asset ETP market recorded outflows as investor sentiment around Federal Reserve interest-rate cuts took a slight bump amid stronger-than-anticipated U.S. macroeconomic data.

However, as Bitcoin (BTC) saw $719 million in outflows over the week, with price also dipping to under $109,000, XRP (XRP) recorded the second most inflows with its $93 million behind Solana (SOL) with $291 million.

Both Solana and XRP, the cryptocurrency by Ripple, stood out in terms of inflows amid increased anticipation around exchange-traded funds, CoinShares noted. Investor expectations for a regulatory nod for an XRP ETF have increased in recent weeks, with the market witnessing a significant milestone with the launch of the REX-Osprey XRPR ETF.

As the ETF, filed under the U.S. Securities and Exchange Commission Act of 1940, notched record volumes on the debut day, analysts pointed to approaching deadlines for a SEC decision for top crypto spot ETFs for XRP, Solana, Litecoin and Dogecoin.

Is XRP ETFs set for approval? Check SEC’s generic listing rules

This anticipation rose as the SEC approved proposed rule changes for generic listing standards for ETPs offering spot exposure to commodities, digital assets included.

Approval means exchanges can now list spot ETFs that meet set generic listing rules “without first submitting a proposed rule change to the Commission.”

On Sept. 29, the SEC reportedly asked ETF issuers to withdraw their 19b-4 filings for various ETFs, signaling simplified rules were in action. With XRP among the tokens with futures on exchanges for the past six months, anticipation is that the SEC can greenlight XRP spot ETFs at any time.

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September 29, 2025 0 comments

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Hyperion DeFi Hires Ex-PayPal to Bridge TradFi and DeFi

by admin September 29, 2025

Hyperion DeFi, Inc. (NASDAQ: HYPD) has appointed former PayPal executive David Knox as its new Chief Financial Officer.

The publicly traded company, based in Laguna Hills, California, announced the move on September 29 as part of a strategy to merge traditional financial products with the world of decentralized finance (DeFi). The news was also shared through the company’s official social media channels

Hyperion DeFi welcomes Paypal’s former Head of Capital Markets and Head of Finance for Global Credit & Financial Services as its Chief Financial Officer, effective immediately. $HYPD. More than just $HYPE.

Hyperliquid. https://t.co/0iY2BfJfjJ

— Hyperion (@HyperionDeFi) September 29, 2025

According to the announcement, the hire is a part of Hyperion’s plan to strengthen governance and position itself as a “bridge between Wall Street and the decentralized future.”

A traditional finance professional enters DeFi

David Knox joins Hyperion DeFi from PayPal, where he was the Head of Capital Markets and Head of Finance for Global Credit and Financial Services. His career also includes roles at such as Cantor Fitzgerald, SoFi, and the Royal Bank of Scotland.

In a statement, Knox said he plans to use his “extensive industry connections across institutional finance,” particularly in structured products like asset-backed securities (ABS) and collateralized loan obligations (CLO), in order to bring these solutions on-chain.

Hyperion’s strategic push for on-chain institutional finance

Hyperion DeFi is the first U.S. publicly listed company focused on building a strategic treasury of HYPE, the native token of the Hyperliquid blockchain. According to the press release, CEO Hyunsu Jung, Knox can help “accelerate our mission of moving institutional finance to Hyperliquid.”

As part of the hiring agreement, Hyperion DeFi granted Knox a restricted stock unit award of 100,000 shares. The company noted that the grant, which vests over one year, was an inducement material to his employment under Nasdaq Listing Rules.

Following the announcement, HYPD stock surged 11.6% to $10.68 in early trading on September 29, reflecting positive investor sentiment.

Broader implications for the DeFi industry

The traditional way of working could bring Wall Street experience basis to introduce ‘new’ sources of liquidity and transparency to the market. This can reflect a growing trend of DeFi companies recruiting executives from traditional finance to enhance credibility and attract institutional capital.

Also read: Bitwise Files to Launch Hyperliquid ETF with HYPE Token

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September 29, 2025 0 comments