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Winklevoss-backed OranjeBTC readies listing with $420m BTC

by admin October 1, 2025

With a treasury of 3,650 Bitcoin, OranjeBTC is leveraging heavyweight backing from the Winklevoss twins and others to launch onto Brazil’s B3. The move creates a regulated gateway for local investors seeking exposure to the original crypto’s volatile market.

Summary

OranjeBTC, backed by the Winklevoss twins, will list on Brazil’s B3 via a reverse merger with Intergraus.
The firm enters the exchange with 3,650 BTC, offering investors regulated exposure to bitcoin.
Founder Guilherme Gomes says the move aims to expand reserves while opening access to crypto in Brazil.

On Oct. 1, Reuters reported that Brazilian bitcoin firm OranjeBTC will begin trading on São Paulo’s B3 exchange next week through a reverse merger with Intergraus, an education company already listed on the market.

OranjeBTC founder Guilherme Gomes confirmed the company’s massive Bitcoin (BTC) holdings, valued at over $420 million, and its backing from a cadre of international crypto elites, including Gemini co-founders Cameron and Tyler Winklevoss, Bitcoin pioneer Adam Back, and Mexican billionaire Ricardo Salinas.

Why OranjeBTC is betting everything on Bitcoin

The company’s entire thesis, as articulated by founder Guilherme Gomes to Reuters, rests on a foundational belief that “Bitcoin will change financial systems as we know it,” positioning the firm as a pure-play conduit for this transformation.

Notably, Gomes framed the move onto B3 as a way to give Brazilian investors access to Bitcoin in a regulated environment while steadily expanding the firm’s reserves. Certain investors, barred by regulation from holding the asset directly, can still gain exposure through a listed company like OranjeBTC.

Beyond simply accumulating bitcoin, the company is launching a parallel offensive on the education front. OranjeBTC plans to leverage the existing infrastructure of Intergraus, the listed education subsidiary it acquired, to roll out a dedicated financial learning platform.

With this move, OranjeBTC is stepping onto a global stage dominated by a handful of aggressive corporate adopters. Its 3,650 BTC reserve positions the firm within a strategic niche, operating at a scale that, while dwarfed by pioneers like Strategy and its colossal 640,031 BTC hoard, aligns it with the upper echelons the global top 30 of public corporate holders, ahead of well-known names such as Hive Digital and Bitdeer.

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October 1, 2025 0 comments

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Bitcoin Giant Strategy Dodges Multi-Billion Tax Liability Following IRS, Treasury Guidance: TD

by admin October 1, 2025

In brief

The IRS and Treasury Department issued new guidance.
Strategy no longer expects to become subject to CAMT.
Shares rose 4.6% to $337 on Wednesday as Bitcoin jumped.

Strategy, the world’s largest corporate holder of Bitcoin, is no longer anticipating a multi-billion tax liability from an increase in the value of its $75 billion stockpile, following a clarification from the IRS and Treasury Department on Tuesday.

In a 71-page document, the regulators said that firms are not required to incorporate unrealized gains or losses on the value of digital assets into calculations on whether they are subject to a 15% corporate alternative minimum tax (CAMT) that was established in 2022.

In an SEC filing, Strategy said that it plans to follow the guidance and, as a result, it “no longer expects to become subject to CAMT due to unrealized gains on its Bitcoin holdings” in 2026 and beyond. In June, Strategy told investors that it expected to pay CAMT liabilities.

“Thanks to yesterday’s action on behalf of the IRS, that potential scenario is no longer off the table,” TD Cowen analyst Lance Vitzanza wrote in a Wednesday note, adding that the action removed “a significant source of potential overhang for Strategy.”

Strategy shares rose 5% to $338 on Wednesday, according to Yahoo Finance. Over the past six months, the company’s stock has advanced 10% from $293 in April.

Vitanza noted that Strategy may have been forced to navigate a cash tax liability that could’ve potentially been billions of dollars starting next year, “likely continuing to the extent Bitcoin continues to appreciate in dollar terms,” he added.

Strategy’s performance coincided with a rise in Bitcoin’s price, as investors mulled a government shutdown in the U.S. Over the past day, its price had risen 3% to $117,500, according to crypto data provider CoinGecko, while jumping 42% from $85,000 in April.

Earlier this week, Strategy notched its third smallest Bitcoin purchase of the year, while pocketing $100 million from its latest raise, as dividend payments on preferred shares approached.

Strategy, which hasn’t sold a single Bitcoin since it began stockpiling the asset in 2020, is sitting on a massive unrealized gain when it comes to its Bitcoin holdings. So far, it’s spent $47.4 billion on Bitcoin, leaving a current unrealized gain of close to $28 billion.

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October 1, 2025 0 comments

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olana ($SOL), Memecoin, and Pump.fun ($PUMP) News: Galaxy Digital’s Key Findings

by admin October 1, 2025

Memecoins, once dismissed as little more than internet jokes, have cemented themselves as a permanent fixture of the crypto economy, according to new research from Galaxy Digital.

In a report published Wednesday, research analyst Will Owens argues that the sector has matured into a cultural and economic force in its own right. Galaxy estimates digital assets tied to memes now represent a meaningful share of trading activity and investor interest, extending well beyond Dogecoin and Shiba Inu.

A cultural and trading phenomenon

Owens wrote that memecoins “capture attention and capital” by blending humor with financial speculation, making them uniquely effective at onboarding new participants into crypto.

Galaxy’s research cites the growing number of users interacting with memecoins not only as traders but also as community members who build narratives, memes and digital identities around the tokens.

On the trading side, Owens notes that memecoins consistently generate some of the highest liquidity and fee volumes in the industry, rivaling mainstream assets. Their volatility, he added, has turned them into a reliable revenue source for exchanges and liquidity providers.

Pump.fun and infrastructure shifts

One of the most striking developments highlighted in the report is the rise of Pump.fun, a Solana-based platform that lets anyone launch a memecoin in minutes. Galaxy said the service has turbocharged activity in 2025, creating thousands of new tokens and contributing to record-high fee generation on Solana.

While many of these tokens fade quickly, Owens argued the platform illustrates how memecoins are reshaping crypto’s infrastructure. He believes that by driving experimentation in token issuance, liquidity bootstrapping and trading mechanics, memecoins are helping to pressure-test blockchain ecosystems at scale.

Long-term implications

The report cautioned that most memecoins remain speculative and short-lived, but said the broader trend is undeniable: the sector is no longer a passing fad. “Memecoins are here to stay,” Owens wrote, emphasizing their ability to sustain user engagement and influence protocol economics across multiple chains.

Galaxy concludes that memecoins have moved beyond being a market sideshow, evolving into a structural component of crypto culture, trading and infrastructure.

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October 1, 2025 0 comments

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How to Use Google Gemini to Analyze Crypto Coins Before Investing

by admin October 1, 2025

Key takeaways

Gemini is a research assistant for summarizing data and analyzing text, not a financial adviser for predicting prices.
The quality of your research output depends entirely on the specificity and structure of your prompts.
A repeatable workflow involves deconstructing a project’s fundamentals, analyzing its economics and mapping its competitive landscape.
Always verify AI-generated information with primary sources like official websites, white papers and blockchain explorers.
Proper setup and operational security are crucial, especially when using API keys to connect to external data.

The cryptocurrency market can feel overwhelming. White papers, complex tokenomics and endless social chatter create a flood of information. The challenge for investors isn’t finding data; it’s figuring out what actually matters. That’s where Google’s Gemini can help. As a language model, it makes the noise easier to filter and the insights easier to use.

What can Gemini do for crypto research?

The primary role of Gemini in an investor’s toolkit is to serve as a co-pilot, helping process and structure large volumes of information so the focus stays on higher-level analysis and decision-making. This isn’t about replacing human intellect with artificial intelligence, but augmenting it. Mastering the technology can provide an edge, turning the challenge of information overload into a strategic opportunity.

It’s important to remember, however, that Gemini is not a real-time price oracle, a financial adviser or a substitute for independent verification. Its strength lies in analysis and synthesis, not prediction or absolute accuracy.

How to research a cryptocurrency with Gemini

The utility of a tool like Gemini is unlocked not through casual questions but through a structured and methodical line of inquiry. Generic prompts lead to generic results. The key is to guide the model with precise, contextual instructions — treating it like a specialist — so that an ordinary prompt-and-response exchange produces more structured and actionable insights.

Assign a role: Begin prompts with a directive like “Act as a senior blockchain analyst…” or “Act as a venture capital associate specializing in decentralized finance…” to frame the context for a more specialized response. This encourages the model to simulate a more specific domain of expertise in its responses.
Request a format: Specify the output structure for clarity. Asking Gemini to “Create a comparison matrix in a markdown table” or to “Draft a SWOT analysis of this project” makes the information easier to digest and compare than leaving it as an unstructured block of text.
Iterate and refine: Treat the first response as a starting point. Effective research with Gemini works as a dialogue. For example, if it lists competitors, a useful follow-up could be, “Based on the competitive analysis you just provided, what is the single most significant defensible moat for this project?” This iterative approach enables a progressively deeper understanding.

Part 1: Deconstructing the project’s fundamentals

The first phase of any serious asset analysis is a deep dive into the project’s fundamental design. This involves deconstructing its core technology, understanding the economic incentives that govern its native token and investigating the team building it. Let’s consider a well-known project: Solana, a high-performance layer-1 blockchain focused on supporting decentralized applications and Web3 solutions.

“Act as a blockchain engineer. In no more than 5 concise bullet points, summarize the Solana white paper with emphasis on its Proof-of-History + Proof-of-Stake consensus mechanism. Highlight how it differs from traditional monolithic Layer 1 blockchains.”

Dissecting tokenomicsThe economic model of a token is a critical determinant of its long-term viability. Gemini can help surface potential red flags, such as overly aggressive vesting schedules or a lack of clear utility. A precise prompt for this analysis could be:

“Act as a blockchain tokenomics analyst. Provide a concise analysis (max 6 bullet points) of Solana (SOL) token. Summarize token allocation (team, private & seed/strategic investors, community, foundation), outline vesting schedules and unlock timelines, highlight value accrual mechanisms (staking, inflation, fee burns), and estimate the initial circulating supply based on these data.”

“Act as a Web3 researcher. Provide a concise summary (max 5 bullet points) on the Solana founding team’s relevant Web3 experience, identify the lead investors from seed and Series A rounds and highlight other notable crypto projects in their portfolios. Keep the response factual and brief.”

Part 2: Mapping the competitive landscape and social sentiment

No project operates in a vacuum. Its success depends on its position within the broader market and the sentiment of the community. Once you’ve established a baseline understanding of the project’s fundamentals, the next focus should be on these external factors.

“Act as a market intelligence analyst. Identify the top three competitors to the Ethereum Chain. Create a feature comparison matrix, evaluating them on transaction finality, developer ecosystem support, and network activity as of Q3 2025.”

Gauging market sentimentThe crypto market is profoundly influenced by narrative and social discourse. Following a successful testnet launch by Solana in September 2025, an investor would want to understand the market’s reaction. A relevant prompt could be:

“Analyze the public sentiment on X and crypto-focused subreddits regarding Solana’s most recent testnet deployment. Identify the main positive narratives being discussed, the key concerns raising criticism, and list 3-5 influential accounts driving the conversation.”

Part 3: Conducting advanced risk analysis

With the fundamentals and market positioning understood, a deeper analysis of risk factors and governance is necessary to form a complete investment thesis. Gemini can accelerate this process by summarizing complex and often overlooked documentation.

“Summarize the key findings from the security audit report for Solana conducted by [Reputable Audit Firm]. List any high-severity vulnerabilities identified and confirm whether the report states they were successfully remediated.”

“Based on global regulatory trends as of September 2025, analyze the potential regulatory risks for a project offering decentralized off-chain computation (similar to Solana). Focus on securities law and data privacy implications in major jurisdictions. Keep the answer in max 5 concise bullet points.”

“Explain the on-chain governance model of Solana. Detail the proposal submission process, the token-weighted voting mechanism, and the quorum threshold required for proposals to be enacted. Keep the response concise and structured in no more than 5 bullet points.”

Risks and best practices when using AI for research

For all its analytical power, it’s important to recognize that Gemini is a tool for augmentation, not an infallible source of truth. Large language models can hallucinate and generate plausible but incorrect information. Therefore, the final and most important step in any AI-assisted research process is independent verification.

Treat Gemini’s output as a highly organized first draft. Any critical data points — such as token allocation percentages or partnership announcements — must be cross-referenced with primary sources like the official project website, white paper, audit reports, press releases or a blockchain explorer. The real advantage in this research paradigm comes from the synergy between machine-scale processing and human critical thinking.

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 1, 2025 0 comments

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Ethereum Usage Skyrockets With Unprecedented Daily Transaction Growth Amid Market Fluctuations

by admin October 1, 2025

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Even though Ethereum’s price is currently experiencing a bearish move, the leading altcoin is still holding strongly above the $4,100 level. In the midst of this fluctuating price action, on-chain activities on the ETH network are sharply booming, as evidenced by a notable surge in transactions.

Sharp Boom In Ethereum Daily Transactions

The price of Ethereum is building underlying strength for a possible upward move, as well as the network’s performance. In the past few days, the network has experienced a powerful resurgence, with daily transactions reaching levels not seen in many years.

Darkfost, a market expert and author, reported that this sharp uptick in on-chain activity, underscoring a resurgence of investor interest, increased demand for decentralized apps, and a wider blockchain use across industries. It also indicates a growing sense of confidence in the ecosystem’s long-term scalability and value.

According to the expert, ETH is booming, and Decentralized Finance (DeFi) is now growing rapidly, with the network naturally finding itself at the hub of this ecosystem. As a result, the number of transactions on the network is surging and has recently broken out of a four-year range.

ETH active players are increasing | Source: Chart from Darkfost on X

It is worth noting that Ethereum’s daily transactions during the previous four years have been roughly between 900,000 and 1.2 million, using a 14-day SMA to reduce noise. When ETH experienced a significant amount of FUD during the most recent downturn in late March, the daily average was already around 1.2 million transactions.

Interestingly, this level was much higher than the number observed in January 2023, when the network barely reached 1 million transfers per day. However, the daily transaction count is hitting between 1.6 million and 1.7 million, marking the highest levels ever recorded on the Ethereum network.

Darkfost noted that Ethereum’s rise in transactions has a real correlation with its price. In the meantime, the expert points to the importance of monitoring this data because this is where the truth lies, which has benefited those who utilized the data.

ETH Funding Rates On A Downward Trend

Lately, investors’ sentiment appears to have flipped bearish as Funding Rates move into a negative territory. This shift in sentiment coincides with ETH prepping up for a rally, signaling cooling momentum among leveraged traders and raising questions about the current uptrend.

Crypto Summon revealed that Ethereum’s financing rates stayed negative throughout last week, which is similar to previous occasions. However, the market expert claims that the downward trend has stopped, and an ascending trend is emerging.

This development hints at a potential bottom in ETH’s price action. According to the expert, it is common for bottoms to coincide with times when investors are frightened and either wager on additional declines or pay premiums to protect themselves.

Current data from CoinMarketCap shows that ETH’s price has pulled back to $4,127, indicating a nearly 2% decrease in the last 24 hours. While its price has slightly dropped, its trading volume is also experiencing a bearish move, falling by more than 8% in the past day.

ETH trading at $4,149 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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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October 1, 2025 0 comments

US stocks floundered as gold and Bitcoin rose

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Gold and Bitcoin surge as US stocks falter amid shutodown

by admin October 1, 2025

U.S. stocks opened lower today as Wall Street weighed the immediate impact of the U.S. government’s official shutdown, and as the dollar slipped, gold and Bitcoin soared.

Summary

US stocks wavered as U.S. government officially shut down on Wednesday
ADP data shows private payrolls declined by 32,000 in September, with this a key report for investors eyeing Federal Reserve rate cuts
Gold rallied to a record high and Bitcoin broke above $116,890 as safe havens gained.

Wall Street traded lower as the first official government shutdown in seven years began, with investors showing some jitters, helping push the Dow Jones Industrial Average down. The blue-chip index was down 80 points.

Meanwhile, uncertainty around the economy also meant the benchmark S&P 500 fell 0.5%, and the Nasdaq Composite slipped 0.6%.

US stocks falter

Stocks had closed higher in September, despite notable slips in the last week of the month, with the S&P 500 ending the period up 4.5%. The Dow edged 2.4% higher, while the Nasdaq climbed more than 6% across the month.

However, with the gridlock in Washington bringing another pause in government funding and set to see federal agencies cease operations, investors have shown concern. The S&P 500 slipped on Tuesday.

A lot of this is due to worries about what happens to scheduled releases of key macroeconomic data.

ADP private payrolls fall by 32k

Among government agencies set to freeze operations is the Bureau of Labor Statistics, which was expected to release the U.S. jobs report for September on Friday.

The uncertainty now puts the just-released ADP private payrolls report under greater scrutiny in the market. Notably, the ADP data showed private payrolls fell in September, missing estimates. Per the report, the private sector lost 32,000 jobs, against an expected gain of 50,000.

Dollar slip sees gold and Bitcoin rise

Although stocks continue to trend near record highs, the market is seeing fresh gains for safe haven assets. With risk-off sentiment up, gold and silver prices have soared to record highs, with the precious metal hitting a new peak as spot gold touched $3,895 an ounce. U.S. gold futures for December delivery soared to highs of $3,918.

The flight to safe havens also saw Bitcoin (BTC) surge. The benchmark cryptocurrency broke above $116,000, rising to an intraday peak of over $116,897 across major crypto exchanges.

The push above $116,000 triggered a wave of liquidations, with shorts feeling the pinch as the squeeze wiped out leveraged positions. Analysts say it could amplify Bitcoin’s upside momentum, and bulls may target a return above $120,000.

Why is gold and crypto up as US stocks slip today?

The shutdown, geopolitical uncertainty, and economic uncertainty are the key drivers of this rally. Also significant is the dollar index bidding for its longest negative streak in a month, something that has added to the safe-haven uptick.

The greenback has shown similar weakness in past shutdowns, and this could set it toward further losses. Notably, risk-on assets could rally in such an environment, with Bitcoin outpacing gold.

“Among the interesting moves in markets this morning: Gold is higher again, hitting yet another record as its price approaches $3,900 per ounce,” said Mohamed El-Erian, president Queens’ College, Cambridge, and Allianz advisor. “The DXY dollar index has depreciated to a two-week low, reinforcing the narrative that it remains the one major asset area that has not experienced a meaningful recovery since April. In fact, it is trading weaker than its level immediately following “Liberation Day,” he added.

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October 1, 2025 0 comments

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Lost Texts Spur Oversight Inquiry Into Former SEC Chair Gary Gensler

by admin October 1, 2025

In brief

House Republicans have informed current SEC Chair Paul Atkins that they’re investigating the loss of nearly a year of text messages from former Chair Gary Gensler’s smartphone.
Last month, the Office of the Inspector General report found IT staff failures and poor policies led to the permanent deletion of messages from October 2022 through September 2023.
Coinbase CLO Paul Grewal tweeted that a district court has ordered all parties to appear on October 8 to address the deletion of the texts.

Nearly a year of text messages from former Securities and Exchange Commission Chair Gary Gensler were permanently deleted due to agency errors, prompting House Republicans to launch an oversight investigation into regulatory lapses.

Four Republican committee chairs, including House Financial Services Committee Chairman French Hill, informed current SEC Chair Paul Atkins that Congress is investigating the loss of Gensler’s communications from October 2022 through September 2023, spanning the agency’s most aggressive enforcement push against crypto firms, in a letter sent Tuesday.

“It appears that former Chair Gensler held companies to a standard that his own agency did not meet,” the letter says, noting the SEC collected over $400 million in fiscal year 2023 alone from firms for recordkeeping violations.

Gensler’s smartphone stopped syncing with the agency’s device management system on July 6, 2023, though it “otherwise functioned normally and was used regularly, according to the Office of the Inspector General report released last month.

Despite repeated warnings flagging the device as inactive every two weeks, IT staff took no action for 62 days, the lawmakers’ letter pointed out.

The House letter notes that while former Chair Gensler’s staff claimed he “usually texted for administrative reasons,” the IG review found “multiple instances of substantive, mission-related communications between Gensler, his staff, his fellow Commissioners, and other senior officials.

“The district court just ordered everyone to appear on October 8 to address the destruction of documents by the Gensler @SECGov as detailed by its own inspector general,” Coinbase CLO Paul Grewal tweeted on Tuesday. “We appreciate the Court’s attention to this matter.”

The district court just ordered everyone to appear on October 8 to address the destruction of documents by the Gensler @SECGov as detailed by its own inspector general. We appreciate the Court’s attention to this matter. pic.twitter.com/g5J1i8VLjq

— paulgrewal.eth (@iampaulgrewal) September 30, 2025

Gensler’s crypto crackdown

The missing communications span a period when Gensler launched an industry-wide regulatory assault following FTX’s November 2022 collapse.

Under his leadership, the SEC insisted the crypto industry’s business model was “built on non-compliance,” with Gensler declaring in a June 2023 CNBC interview, “we don’t need more digital currency” beyond the U.S. dollar.

He compared the crypto sector to “the 1920s before federal securities laws were put in place,” calling participants “hucksters, fraudsters, scam artists” running “Ponzi schemes.”

The agency authorized over 100 enforcement actions against crypto firms during this period, targeting major exchanges including Coinbase, Kraken, and Binance.

Last month, through a third-party research firm, History Associates, Coinbase requested sanctions against the SEC, calling the agency’s “destroy-and-delay approach to records” cause for “irreparable harm.”

In 2013, while Gensler served as Chair of the Commodity Futures Trading Commission, that agency’s Inspector General criticized him for conducting official business through his personal email account, the letter pointed out.

Republicans are now coordinating with the Inspector General to examine whether other senior officials’ communications were similarly lost and whether the agency’s internal controls adequately protect federal records.

The SEC has undergone a transformation under the Donald Trump administration, with the President appointing Paul Atkins, a crypto advocate and former SEC commissioner, to replace Gensler.

Atkins was confirmed in April and has launched “Project Crypto,” a sweeping initiative to relax regulations on digital assets.

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October 1, 2025 0 comments

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Market Rallies, Altcoins Lead Gains; Zcash Hits 16-Month High

by admin October 1, 2025

The crypto market experienced a boost on Wednesday with majors bitcoin BTC$116,592.90 and ether ETH$4,005.03 rising 2.9% and 3.1% respectively.

But the real story was in the altcoin market as several tokens rose by double-digits as investors speculate on another phase of “atlcoin season.”

ZEC hit its highest point since May 2022 while a number of DeFi tokens also experienced moves to the upside.

The market uptick comes alongside a backdrop of the U.S. government shutdown, which has spurred gold prices to record highs and caused a sell-off in the dollar.

Derivatives Positioning

by Jacob Joseph

The BTC futures market continues to show a strengthening bullish bias. The overall futures open interest remains high at around $31.69 billion, reflecting sustained trader engagement, with Binance still leading the pack at $13.19 billion. Concurrently, the 3-month annualized basis is holding firm between 6% and 7%, indicating that the yield from the basis trade remains robust. This consistent metric across both open interest and basis suggests that traders are not only increasing their exposure but are doing so with conviction, reinforcing the positive sentiment observed in the market.
The BTC options market continues to show a divergence between its key metrics, presenting a complex picture of market sentiment. While the 25 Delta Skew for short-term options remains low, suggesting that traders are still willing to pay a premium for puts to hedge against downside risk, the 24-hour Put/Call Volume points to a surge in bullish speculation. The latest data shows that calls now make up 63.54% of the total volume, a strong reversal from a put-dominated market. This conflicting data indicates a highly polarized environment where some traders are hedging against potential price drops, while a larger number are actively betting on a short-term rally.
Funding rates have not only remained positive on major exchanges like Binance and OKX, but have picked up across the board, including on the historically volatile Hyperliquid. Deribit, in particular, is seeing a significant premium, with its annualized funding rate jumping to 17%. This indicates a strong and sustained demand for leveraged long positions, as traders are consistently willing to pay a high premium to hold their bullish bets. The widespread positive funding across all major platforms signals a collective market conviction in a continued upward trend for BTC.
Coinglass data shows $644 million in 24 hour liquidations, with a 38-62 split between longs and shorts. BTC ($166 million), ETH ($164 million) and Others ($69 million) were the leaders in terms of notional liquidations. Binance liquidation heatmap indicates $116,650 as a core liquidation level to monitor, in case of a price rise.

Token Talk

By Oliver Knight

Privacy token ZEC$59.70 is leading the pack on Wednesday, rising to its highest point since May 2022 following a break out against its bitcoin and dollar trading pairs.
ZEC touched $97.25 before retreating back to around $92.00 – a 41% rise for the day on the back of a 36% rise in daily trading volume to $300 million.
The surge comes alongside a boost across the wider altcoin market, with DeFi tokens ENA$0.5838, curve (CRV) and RAY$2.6577 all increasing by more than 8%.
A number of catalysts triggered the crypto recovery; notably the U.S. government shutdown that brought the dollar lower and gold to fresh record highs at $3,887.
Altcoins have outperformed bitcoin so far on Wednesday, although it’s worth noting that the average crypto relative strength index (RSI) is approaching overbought territory, suggesting that a period of consolidation is on the cards as the market begins to cool.
One market outlier was aster, the native token of its namesake’s BNB Chain-based perpetual exchange. ASTER slumped by 6.8% on Wednesday to compound a 25% decline over the past week as hype in the HyperLiquid rival begins to fade.

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October 1, 2025 0 comments

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99% Crash in Shibarium Transactions, Will Ominous Trend Reverse in Uptober?

by admin October 1, 2025

Shibarium, the layer-2 scaling solution for Shiba Inu (SHIB), has finally crashed below 10,000 transactions in its daily count. The development signals a massive pullback by users relying on Shibarium as 99% inches toward a total halt.

Shibarium tale: “Bruised, not broken”

According to Shibariumscan data, the layer-2 total transaction count now stands at 7,500. This development is shocking to the SHIB community, considering the trajectory that Shibarium was on in the month of August. It was posting a daily average of between 1.2 million and 1.4 million and was well on the way to hitting significant milestones.

That momentum has totally faded, with few transactions still going on in the layer-2 ecosystem. This suggests adoption has dropped, and the push for a two billion transaction count has been derailed. Shibarium was previously on track to hit the milestone before the end of September, but there has been very little engagement recently.

Why Shibarium Will Survive and Come Back Stronger

Shibarium is bruised, not broken. The recent exploit and the drop in activity shook confidence, but they also lit the fire for a stronger rebuild. Survival in crypto is not about avoiding setbacks. It is about how you rise after… pic.twitter.com/DykjWelgAc

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) October 1, 2025

The total transaction count is currently 1,568,456,850. This slow growth has triggered concern in some quarters of the SHIB community, prompting reassurances from Lucie, the ecosystem’s marketing lead. In a post on X, Lucie assured the community that Shibarium is not dead.

According to Lucie, the recent setbacks on the layer 2 were caused by several factors, including a hack that exposed vulnerabilities. Lucie noted that despite the exploit, Shibarium is better as it allowed the team to fix the vulnerabilities with stricter validator controls.

She also stated that Shibarium now has better security and audits, making the system more trustworthy. Lucie argues that the setback has made the blockchain more resilient, and despite the slowed activity, it still has a solid infrastructure in place with the security to handle large transaction volumes.

“Shibarium is bruised, not broken,” Lucie stated.

She expressed optimism that Shibarium will stage a comeback, as pressure has been known to create strength. Lucie acknowledged the pivotal role of the SHIB army and their unflinching loyalty over the years. She noted that SHIB holders do not quit.

Could “Uptober” spark recovery?

With October generally referred to in crypto circles as “Uptober,” Shibarium might begin its recovery this month. Shiba Inu had its best performance in October with a monthly average growth of 171.2%; many holders anticipate a bullish October.

As of press time, Shiba Inu is changing hands at $0.00001224, which represents a 4.59% price increase in the last 24 hours. There has also been an uptick in trading volume by 9.33% to $193.05 million, a clear indication that SHIB is off to a good start in October.

How it sustains this and its effect on Shibarium remains something to watch out for in the coming days.

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October 1, 2025 0 comments

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Cardano Founder Confirms Google Collaboration On Midnight

by admin October 1, 2025

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Cardano founder Charles Hoskinson has confirmed a new collaboration between Midnight—Cardano’s privacy-focused partner chain—and Google Cloud, framing it as a strategic step to harden the network’s infrastructure and accelerate developer adoption. “Proud to be working with Google on Midnight. They are a wonderful company and add a ton of value to our ecosystem,” the Cardano founder wrote on X, amplifying Midnight’s announcement and a same-day blog post from the project.

Google Is Now Part Of Cardano’s Midnight

In a September 30, 2025 post, Midnight said the Midnight Foundation has launched a “strategic collaboration” with Google Cloud “for enterprise-grade security and infrastructure and to expand community tools and resources,” positioning zero-knowledge technology as “essential infrastructure for next-generation digital systems.” The announcement situates Midnight’s core thesis—selective disclosure and privacy-preserving computation—inside a compliance-aware architecture aimed at institutions handling sensitive data.

The scope of work is unusually concrete for a cloud–blockchain tie-up. According to Midnight, Google Cloud will “operate critical network infrastructure, including running a validator for Midnight,” and will bring its Mandiant division’s threat monitoring and incident-response capabilities to the network.

Midnight also says it will leverage Google Cloud’s Confidential Computing to remove operators from the trust boundary and harden against provider-level access, signaling an attempt to bind zero-knowledge proofs with hardware-enforced isolation. “The future of enterprise applications requires both transparency and privacy,” said Richard Widmann, Head of Web3 Strategy and Operations at Google Cloud. “By providing scalable infrastructure, we’re enabling developers to experiment with innovative zero knowledge frameworks to verify transactions without exposing sensitive data.”

Midnight framed the collaboration as an accelerant for real-world use cases that have historically struggled on transparent public chains. Fahmi Syed, President of the Midnight Foundation, argued that “Midnight transforms privacy from a technical barrier into a competitive advantage, enabling confidential financial systems, verifiable digital identity, and secure applications that can operate at scale with regulatory compliance built in.”

The blog post points to selective-disclosure patterns for financial institutions (private trading and compliant cross-border payments), credential issuance for governments, and privacy-preserving data-sharing in healthcare as early targets.

On the developer front, Midnight said projects building on the network can apply to the Google for Startups Web3 Program, with “up to $200,000 in Google Cloud Platform Credits over two years,” plus training and mentorship—an increasingly standard incentive package in cloud-supported web3 ecosystems but notable for a privacy-centric L1. Midnight’s own post and social messages also emphasize that the Google Cloud collaboration includes support for community tooling and expanded resources, indicating a bid to spur third-party app growth around Midnight’s zero-knowledge stack.

Hoskinson’s endorsement underscores the partner-chain strategy that Cardano entities have advanced this year, with Midnight frequently described as the lead privacy chain in that model. While the announcement stops short of financial terms or service-level guarantees, it commits Google Cloud to an operational role on the network—validator operations and security services—beyond marketing or co-branding, and provides direct quotes from both organizations that anchor the collaboration in concrete infrastructure and security deliverables.

At press time, Cardano (ADA) traded at $0.80.

Cardano needs to break the black trendline, 1-day chart | Source: ADAUSDT on TradingView.com

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October 1, 2025 0 comments