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Here’s why IREN stock jumped after the CoreWeave and Meta Platforms deal

by admin September 30, 2025

IREN stock price jumped by more than 2% and approached its all-time high after a major $14 billion deal between Meta Platforms and CoreWeave and after a bullish report on AI spending from Citi.

Summary

IREN stock price soared after a big deal between Meta Platforms and CoreWeave.
Meta will buy AI computing power from CoreWeave in a $14 billion deal.
IREN jumped as investors predicted a similar deal with a hyperscaler.

IREN, a popular Bitcoin (BTC) mining company, jumped to $46.80, a few points below the all-time high of $49. It has advanced by 870% from its lowest level this year, bringing its market capitalization to more than $14 billion.

IREN shares jumped after Meta Platforms, the parent company of Facebook and WhatsApp, inked a $14 billion deal with CoreWeave. Meta will take advantage of CoreWeave’s infrastructure to accelerate its AI development.

The deal came a few weeks after Microsoft reached a similar deal with Nebius. Therefore, IREN stock is soaring as investors anticipate similar deals in the coming months as it ramps up construction of its AI data centers.

In a report published today, Citigroup raised its estimate of AI data center spending. The Wall Street bank now expects that technology giants will spend $2.8 trillion on AI data centers by 2029, up from its previous estimate of $2.3 trillion.

Citi also expects that the top hyperscalers, such as Microsoft, Amazon, Meta, and Google, will spend $490 billion by the end of 2026, up from the previous estimate of $420 billion.

If these estimates are correct, it means that companies providing AI infrastructure solutions, such as IREN, will continue to perform well in the foreseeable future.

In a recent statement, IREN said that it had doubled its AI cloud to 23k Nvidia and AMD GPUs as it seeks to become a major player in the industry. Its near-term target is to have about 60,000 GPUs.

Most importantly, it hopes to reach an annualized run rate of $500 million by Q1 2026, a large figure for a segment that generated just $7 million in revenue in the last quarter.

IREN stock price technical analysis

IREN stock chart | Source: crypto.news

The daily timeframe chart shows that the IREN share price has been in a strong uptrend over the past few months, moving from a low of $4.96 in April to $46 today, bringing its market capitalization to more than $12 billion.

IREN’s share price has remained significantly above all moving averages, while the rising Average Directional Index shows that the trend is gaining momentum.

However, IREN’s stock has become highly overbought as the Relative Strength Index and Stochastics have risen.

Therefore, the most likely scenario is that the stock continues rising as AI momentum accelerates and as traders wait for a potential deal with a hyperscaler. However, a smaller pullback cannot be ruled out in the near term as investors begin to book profits.

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September 30, 2025 0 comments

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SEC’s Bow to DoubleZero Carries Major Weight for Decentralized Infrastructure: Peirce

by admin September 30, 2025

Even before the arrival of President Donald Trump and his crypto-friendly regulators, the U.S. Securities and Exchange Commission had a crypto advocate, Commissioner Hester Peirce, who contends that a decision this week to grant DoubleZero a so-called no-action letter represents the kind of space she’s long been wanting to offer blockchain pursuits.

The SEC staff agreed to the startup’s request that the agency wouldn’t pursue any registration complaints for tokens issued for the specific aims of DoubleZero’s decentralized physical infrastructure network (DePIN). Commissioner Peirce suggested this open door for DePIN efforts keeps the SEC out of business it shouldn’t be in.

“Rather than relying on centralized corporate structures to coordinate activity, DePIN projects enlist participants to provide real-world capabilities, such as storage, telecommunications bandwidth, mapping, or energy, through open and distributed peer-to-peer networks,” she said in a statement. The activity doesn’t trigger the Supreme Court’s Howey Test — the test that decides what falls within the SEC’s jurisdiction — because such projects “allocate tokens as compensation for work performed or services rendered, rather than as investments with an expectation of profit from the entrepreneurial or managerial efforts of others.”

The SEC uses no-action letters to make it clear what activities it doesn’t intend to pursue with enforcement actions, so a letter to a single firm can signal to an entire space what the agency’s current posture is. But to reap the benefits, the activity has to stay strictly within the boundaries outlined in the SEC’s letter.

“The line between tokens and securities law is getting clearer,” said Austin Federa, DoubleZero co-founder, in a statement to CoinDesk. “Founders who once spent countless hours (and legal dollars) on this question can now focus on building.”

DoubleZero sought to incentivize providers of infrastructure for network connectivity, such as large technology companies that control surplus fiber networks, by compensating them with tokens — in this case, the protocol’s native 2Z.

“Treating such tokens as securities would suppress the growth of networks of distributed providers of services,” Peirce said. “Blockchain technology cannot reach its full potential if we force all activities into existing financial market regulatory frameworks.”

The agency’s action drew praise from advocates of decentralized finance (DeFi).”No-Action Letters are one of the most pragmatic tools for navigating regulatory uncertainty in crypto, and the SEC’s issuance of No-Action Letters shows that constructive engagement with regulators is possible,” said Amanda Tuminelli, executive director of the DeFi Education Fund, in a blog posting by the DoubleZero Foundation.

The SEC has been pursuing an aggressive course of pro-crypto policy actions under Chairman Paul Atkins. Earlier this week, he said at a roundtable event in the agency’s Washington headquarters that establishing clear rules for the digital assets sector is “job one” for the SEC. Before Atkins arrived, Peirce led the agency’s crypto task force and was already working on policy statements to clarify the regulator’s expectations for the industry.

Read More: DoubleZero’s ‘New Internet’ for Blockchains Nabs $400M Valuation from Top Crypto VCs

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September 30, 2025 0 comments

NFT Gaming

XRP Price Reacts to Ripple CTO’s Resignation Announcement

by admin September 30, 2025

The price of the XRP token has remained mostly flat following Ripple CTO David Schwart’s surprising resignation announcement.

As reported by U.Today, Schwartz will leave his CTO role at the end of the year while getting a seat on the company’s board of directors.

The third-largest cryptocurrency is currently changing hands at $2.86 on the Binance exchange.

“The architect of XRPL”

Schwartz has always been regarded as a pivotal figure within the XRP community given that he is the architect behind the XRP Ledger (XRPL). He is one of the original designers of the network that is meant to solve the inefficiencies of the current financial system and address the scalability issues of other blockchains.

Bitcoin Spot Market Regains Momentum On Binance: A Shift In Investor Behavior

by admin September 30, 2025

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

Bitcoin is experiencing a modest surge after enduring days of persistent selling pressure, offering temporary relief to traders. Despite the bounce, price action continues to struggle at higher levels, and momentum remains uncertain. Bulls are attempting to stabilize the market, but conviction is still lacking, leaving investors cautious about whether the rebound can develop into something more sustained.

Related Reading: Bitcoin Wholecoiner Inflows Decline To Lowest Levels Since November 2023 – Details

Adding to the discussion, top analyst Darkfost shared insights pointing to an important shift in trading dynamics. According to him, spot buying is making a notable comeback on Binance, an exchange where derivatives activity has traditionally dominated since the launch of Futures. Historically, the average trading ratio on Binance has leaned heavily toward leveraged products, reflecting the speculative nature of market participation.

However, during specific periods, such as today, spot markets regain strength and capture a larger share of trading flows. Darkfost highlights that this return of spot demand is a key signal, as it often reflects genuine capital entering directly into Bitcoin rather than leveraged positioning. This can serve as a stabilizing factor, consolidating market structure and building stronger foundations for a potential recovery.

Spot Market Dynamics: A Shift Toward Sustainable Growth

Analyst Darkfost explains that the recent uptick in spot buying reflects a meaningful change in investor behavior. Instead of focusing on the fast-paced speculation of derivatives, more traders are allocating capital directly into Bitcoin itself. This shift is significant because spot purchases represent actual ownership of BTC, making them more sustainable than leveraged bets that can unwind quickly.

Binance Spot vs Futures Dominance | Source: Darkfost

Darkfost explains that when spot activity increases, it signals fresh capital flowing into the market. These inflows strengthen the underlying market structure, reducing reliance on speculative leverage and laying a sturdier foundation for price stability. Historically, periods where spot flows dominate have often coincided with the early phases of short- or medium-term bullish recoveries. These stages are marked by consolidation, where strong hands accumulate and prepare the market for the next leg upward.

Beyond Bitcoin, the spot trend also extends to altcoins traded on Binance. Current data highlights large spot volumes in tokens such as BNB, which recently reached a new all-time high, Alpine — the Formula 1 team’s fan token — and PUMP, the meme-inspired token from Pumpfun. These flows illustrate that when investors turn to spot markets, liquidity and interest often spill over into highly active altcoins, amplifying broader market momentum.

Bitcoin Faces Resistance After Sharp Rebound

Bitcoin is trading around $113,400 after staging a sharp recovery from lows near $110,000 earlier in the week. The 8-hour chart shows a strong bounce, but momentum has now slowed as the price approaches a cluster of resistance levels. The $117,500 zone, marked in yellow, continues to act as the key ceiling. It has rejected multiple rallies since August and remains the level bulls must reclaim to unlock higher momentum.

BTC facing resistance | Source: BTCUSDT chart on TradingView

Moving averages offer further context. The 50-period (blue) and 100-period (green) moving averages are converging just below the current price, while the 200-period (red) remains overhead near $115,000. Bitcoin’s failure to close above the red line in previous attempts underlines the significance of this barrier. Until the market clears both the 200 MA and the $117,500 horizontal resistance, upward momentum remains fragile.

On the downside, support sits near $110,000, which cushioned the recent decline and provided the base for this rebound. A breakdown below that level would likely intensify selling pressure and expose BTC to deeper losses.

Featured image from Dall-E, 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

NFT Gaming

Pi Network price on edge ahead of a 139m unlock

by admin September 30, 2025

Pi Network price has crashed for four consecutive months and hit a record low in September as investors remained on the sidelines.

Summary

Pi Network price has crashed in the last four consecutive months.
It will unlock 139 million Pi tokens in October this year.
Technicals point to a drop, but a rebound cannot be ruled out.

Pi Coin (PI) fell to a record low around $0.186, down 95% from its all-time high. This crash brought its market capitalization to $2.1 billion, down from nearly $20 billion in February. One reason the Pi Network price has slumped since mainnet launch is that it has become one of the most inflationary cryptocurrencies in the industry.

Pi has a supply limit of 100 billion tokens and a circulating supply of 8.2 billion. This means over 91 billion tokens will be unlocked or mined over time.

According to PiScan, Pi Network will unlock 138 million coins, currently valued at over $35 million in October. It will then unlock 103 million tokens in November and 171 million in the following month.

Token unlocks are typically bearish for a cryptocurrency because they increase the amount of tokens in circulation. An increase in supply when demand is limited tends to pressure an asset’s price.

Pi Network has also plunged for other reasons. For example, it has not achieved its goal of creating an active ecosystem where Pi Coin acts as the currency. While there are dApps in the ecosystem, none have gone mainstream.

Still, there is hope that the coin will rebound in the fourth quarter. The main reason for this is that one whale has accumulated millions of tokens in the past few weeks. While the identity is not known, there is speculation that this is an insider who knows that something like an exchange listing or a token burn announcement.

Pi Network price technical analysis

Pi Coin price chart | Source: crypto.news

The eight-hour chart shows that the Pi Coin price has been in a freefall in the past few months. It crashed to a low of $0.1856 in September as the crypto market plunged.

Pi has moved below the lower line of the descending triangle pattern (shown in orange). It remains below the triangle and all moving averages.

Therefore, the coin will likely stay under pressure in October amid the token unlocks. However, there is a possibility of a short squeeze, particularly if a major announcement, such as an exchange listing, hits the tape.

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September 30, 2025 0 comments

NFT Gaming

ASTER VS HYPERLIQUID, XPL BULL & BEAR CASE, DAT TRADE IN TROUBLE

by admin September 30, 2025

ASTER VS HYPERLIQUID, XPL BULL & BEAR CASE, DAT TRADE IN TROUBLE

Bitcoin strength continues, altcoins mixed. Various l1 etfs may be approved very soon. Sec-cftc turf war is over: pham. Sec willing to engage with token issuers: pierce. Senate committee to meet to examine crypto taxes. Wisconsin may open up licenses to crypto firms. Strategy buys $22m btc, bitmine buys $963m eth. Ibit becomes top btc options venue. Sec pauses trading of the dat qmmm. Ny crypto regulator harris steps down. Binance launches ‘crypto-as-a-service’ solution. Cronje’s flying tulip raises $200m at $1b valuation. Falconx rolls out 24×7 crypto options trading. Republic plans to tokenise animoca’s equity on sol. Kazakhstan launches crypto reserve. Bitcoin may join central bank reserves by 2030: db.

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September 30, 2025 0 comments

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HBAR Drops 3% as Institutional Trading Volume Signals Market Repositioning

by admin September 30, 2025

Hedera Hashgraph’s HBAR token slipped nearly 3% in the 24 hours through September 30, falling from $0.22 to $0.21 as institutional investors pared back exposure to enterprise-focused cryptocurrencies. The decline came after HBAR met resistance at the $0.22 level during evening trading on September 29, with volumes climbing above 34 million tokens as corporate holders began to take profits.

Market participants said support around the $0.21 threshold initially held through the morning of September 30, but heavy selling in the afternoon pushed volumes sharply higher, peaking at nearly 55 million tokens in the final hour of trading. Analysts suggested that the move reflected growing caution among corporate treasuries in the wake of evolving regulatory frameworks for enterprise blockchain adoption.

By late afternoon on September 30, HBAR briefly recovered before slipping again to intraday lows around $0.21. Elevated trading activity during the final hour—topping 5.9 million tokens in a single interval—highlighted the intensity of institutional rebalancing. The token ended the session with modest stabilization near $0.21, but market watchers warned continued volatility may persist as corporate strategies adapt to shifting regulatory headwinds.

HBAR/USD (TradingView)

Market Analysis

Resistance established at $0.22 during September 29 evening trading with institutional profit-taking on above-average volume.
Support zone identified around $0.21-$0.21 with multiple corporate buying opportunities throughout morning sessions.
Volume surge to 54.88 million tokens in final hour indicating accelerated institutional risk management protocols.
Extraordinary trading activity reaching 5.90 million tokens during 3:10 PM interval and 4.51 million at 3:11 PM.
Break below established support zone suggesting potential continued corporate de-risking in enterprise blockchain sector.
Price stabilization efforts near $0.21 level by session end with sustained institutional trading volumes.

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

NFT Gaming

Binance Coin (BNB) Price Analysis for September 30

by admin September 30, 2025

The market is mainly falling today, according to CoinStats.

Top coins by CoinStats

BNB/USD

The rate of Binance Coin (BNB) has declined by 0.52% since yesterday.

Image by TradingView

On the hourly chart, the price of BNB is testing the support of $1,003. If a bounce back does not happen, there is a high probability of seeing a level breakout, followed by a drop to the $990 zone.

Image by TradingView

On the daily time frame, the rate of the native exchange coin has once again bounced off the resistance of $1,034.

Bitcoin Hyper as the Next 1000x Crypto After Whales Buy $329K in a Giant Move

by admin September 30, 2025

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

With ‘Uptober’ just around the corner (literally tomorrow), anticipation is building for what could be a pivotal moment for $BTC.

So, what better time for the Bitcoin Hyper Layer-2 (L2) to go live? Suppose this peak demand takes shape, it could position itself as a go-to solution for scaling Bitcoin, precisely when the network needs it most.

It’s no surprise, then, that whales have latched on. Just yesterday, three invested $113.8K, $109.9K, and $105.4K into the ecosystem’s $HYPER presale, signaling strong confidence in the L2’s potential.

$HYPER might even become the next 1000x crypto.

$BTC Rockets 4.5% in One Month, Before Possible October Rally

Since last month, $BTC has jumped by over 4.5%, a sign that bullish momentum may already be on the way.
Yes, $BTC has plummeted from $114K to $113K since just yesterday. But it’s not all doom and gloom for the #1 crypto.

Even during the most challenging market cycles, October is often a turning point where $BTC sentiment flips from bearish to bullish.

Take 2023 an example. After a modest 3.91% gain in September, it soared by 28.52% in October.

In fact, most years after a negative September, $BTC surges in October. Look at past Uptober rallies – In 2020, $BTC surges 27.7%+ and 47.81%+ in 2017.

Source: Coinglass

It’s also no wonder that institutions are positioning themselves for what might be another legendary spike.

As of September, Strategy now holds an eye-boggling 640,031 $BTC valued at $47.35B+. The average price per token is approximately $73,983.

Source: X (Michael Saylor)

Strategy isn’t the only public company acquiring sizable amounts of $BTC in the hope of capitalizing on the next bull run.

Over the past 30 days, MARA Holdings has boosted its stack to 52,477 $BTC valued at nearly $5.94B.

XXI also bets big on the crypto leader jumping to greater heights. In total, it owns 43,515 $BTC, currently worth around $4.92B.

Source: CoinGecko

When firms commit billions to $BTC, it validates the asset’s role as a store of value as opposed to being yet another speculative asset.

In turn, they fuel demand for $BTC and boost market confidence. But there’s a hitch: as $BTC’s popularity surges and transaction volumes increase, the network often faces mounting pressure.

Bitcoin Processes Fees 43%+ Slower Than Ethereum

Bitcoin’s no stranger to scalability challenges. Today, the network can process just 12.47 transactions per second (tps), 43.32% lower than Ethereum’s 22.01 tps.

Even at its record level, Bitcoin has only managed 13.2 tps – a far cry from Ethereum’s 62.34 tps and nowhere near Solana’s 65K tps.

The network’s limited throughput often causes higher gas costs during peak activity. Following the halving event last October, average transaction fees rose as high as $8.36 one month later.

While fees have since dropped to just $0.84, they’re still no stranger to fluctuating. This makes it tricky for everyday traders to rely on Bitcoin for everyday transactions.

Source: Bitcoin Hyper

The bridge achieves this by enabling $BTC to move seamlessly between the Bitcoin base layer and the Hyper L2 ecosystem. And once bridged, $BTC can interact directly with smart contracts, dApps, and liquidity protocols.

$HYPER Fuels L2 Growth & 61% Staking Rewards

$HYPER is behind the entire Hyper ecosystem, supercharging every inch of its utility and growth.

A sizable 30% of its total token supply is allocated to fund development, after all. Also fueling its long-term growth is an additional 25% of $HYPER being earmarked for the ecosystem treasury.

Source: Bitcoin Hyper

Holding $HYPER doesn’t only mean you’ll contribute to the project’s sustainability; it also unlocks meaningful utility.

By purchasing $HYPER on presale – now available for $0.013005 – you’ll gain governance rights, enjoy reduced gas fees, and stake your token at a 61% APY.

But time is of the essence: the APY will nosedive as more investors lock up their tokens. So, now’s an opportune moment to start staking $HYPER for the greatest possible gains.

Our Bitcoin Hyper price prediction also anticipates $HYPER to break $0.32 this year, after being listed on major CEXs.

Want to position yourself for possible 20x returns? Join Bitcoin Hyper.

We’re not financial advisors. Always do your own research and never invest more than you’d be sad to lose.

Authored by Leah Waters, Bitcoinist – https://bitcoinist.com/bitcoin-bull-surge-close-as-whale-buys-329k-bitcoin-hyper

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September 30, 2025 0 comments

NFT Gaming

SBI Ripple Asia signs MOU with Tobu Top Tours to develop tokenized payments

by admin September 30, 2025

SBI Ripple Asia is partnering with Tobu Top Tours to build closed-loop payment ecosystems. The venture will mint unique tokens for destinations and brands, tethering spending power to digital fan engagement and localized travel experiences.

Summary

SBI Ripple Asia and Tobu Top Tours signed an MOU to launch tokenized payment platform
Proprietary tokens on the XRP Ledger seek to support travel, retail, and fan economies
Service launch targeted for the first half of 2026

According to an announcement on Sept. 30, the two Japanese firms have inked a memorandum of understanding to build a new payment platform. Under the agreement, SBI Ripple Asia will issue proprietary tokens on the XRP Ledger, each tailored for partner companies and organizations.

Tobu Top Tours, a major travel and tourism operator, will leverage its industry clout to onboard partners, build out a network of affiliated stores, and develop marketing initiatives using NFTs functionally linked to these new tokens. The companies are targeting a service launch in the first half of 2026.

Tourism, fan economies, and other use cases

The memorandum outlines various use cases that move beyond theoretical applications. In tourism, the platform would issue tokens geographically locked to specific destinations, functioning as a digital currency for an entire town or shopping district.

SBI Ripple Asia said this would streamline the cashless experience for travelers and keep tourist spending circulating within the local economy. Notably, transactions could be paired with NFTs functioning as digital souvenirs or discount vouchers, creating a link between one-time visits and repeat engagement.

The model also proposes a new approach to disaster relief and regional aid. According to the companies, donations could be issued as tokens that are only spendable within the affected area, ensuring financial support goes directly to local businesses like restaurants and shops. This prevents aid from leaking out to national chains or online retailers, offering a transparent and targeted method to fuel grassroots economic recovery.

Additionally, the platform is engineered for the fan economy. Sports teams, artists, and cultural institutions could launch their own branded tokens. These would be used for merchandise and concessions, while NFTs act as programmable membership cards. The system could unlock special experiences or rewards based on a fan’s spending, creating a dynamic new revenue stream and deepening loyalty.

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September 30, 2025 0 comments