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Crypto Trends

Bitcoin Blasts Past $116K as ‘Uptober’ Propels Crypto Market Cap to $4T

by admin October 1, 2025



In brief

  • Bitcoin has pushed above $116,000, tipping the total crypto market capitalization over the $4 trillion mark.
  • Analysts cited ETF flows, macroeconomic optimism, and a historically bullish fourth quarter trend as key drivers.
  • A sharp drop in the options skew shows traders are abandoning downside protection.

‘Uptober’ is off to a good start. Bitcoin surged past $116,000 Wednesday morning, erasing most of its losses from the past two weeks and propelling the total market capitalization of all cryptocurrencies to $4.09 trillion.

At time of publication, Bitcoin is trading at $116,441, up 3.1% on the day, per CoinGecko data.

The bullish momentum ignited a cascade of liquidations, wiping out roughly $60 million in short positions during the London session, according to Coinalyze data. The rally has also boosted Bitcoin’s year-to-date gains, climbing from 15% last Friday to 25% as of October 1.

Bitcoin’s dominance rebounded from 57% to 59% as the price broke through the $114,000 hurdle, which “suggests a healthier market structure,” Glassnode noted in an October 1 Telegram post. Based on their analysis, Bitcoin-led rallies are more sustainable than altcoin-driven uptrends.

On prediction market Myriad, launched by Decrypt’s parent company DASTAN, users put a 63% chance on Bitcoin dominance surging to 63% rather than dropping to 53%.



Bitcoin’s Q4 outlook

A confluence of factors is driving the uptick, experts told Decrypt.

Bitcoin’s rise stems from “structural demand, sustained exchange-traded fund flows, and a strong positioning from institutions,” Shawn Young, MEXC’s chief analyst, told Decrypt.

This optimism is further reflected in options data. A 55% decline in Bitcoin’s 25 delta skew signals a significant decrease in demand for downside protection, reflecting growing investor confidence.

“Traders may be anticipating a bullish fourth quarter for crypto,” Derek Lim, head of research at Caladan, told Decrypt, suggesting this may be becoming a self-fulfilling prophecy.

Over the past 12 years, the fourth quarter has consistently returned a median gain of more than 50% for Bitcoin, per Coinglass data.

Broad macroeconomic conditions are also being interpreted optimistically by the market, according to Lim. He noted that the U.S. government shutdown, the subsequent pause in data releases, and the Fed’s dovish stance are creating a favorable environment.

The slight decline in the S&P 500 during today’s electronic trading hours amid Bitcoin’s uptick suggests a potential capital rotation into crypto, Lim added.



Indeed, predictors on Myriad have turned markedly more bullish on Bitcoin’s price outlook, placing a chance of over 65% on it topping $125,000 rather than dropping to $105,000—up from just 53% the day before.

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October 1, 2025 0 comments
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Gold-Backed Cryptos Near $3B Market as Bullion Blasts to Fresh Record Highs
GameFi Guides

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
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Lynx's Reeve blasts refs after Collier hurt late in Game 3 loss
Esports

Lynx’s Reeve blasts refs after Collier hurt late in Game 3 loss

by admin September 27, 2025


PHOENIX — Minnesota Lynx coach Cheryl Reeve blasted the officials after Minnesota’s 84-76 loss to the Phoenix Mercury in Game 3 of their series Friday, saying it was “malpractice” to have them work a WNBA playoff semifinal game.

Reeve was ejected in the closing seconds of the fourth quarter after Mercury guard Alyssa Thomas stole the ball from Lynx forward Napheesa Collier and sealed the win with a layup.

Collier was on the floor in pain after her left leg made contact with Thomas on the play, resulting in Collier coming down hard on the side of her ankle. No foul was called. Collier hobbled to the bench, and Reeve said afterward that the ankle injury was “probably a fracture,” though she did not elaborate.

The Lynx did not have an update on Collier’s status for Game 4.

“If this is what the league wants, OK, but I want to call for a change of leadership at the league level when it comes to officiating,” Reeve said after the Lynx fell behind 2-1 in the series. “The officiating crew that we had tonight, for the leadership to deem those three people semifinal-playoff worthy, it’s f—ing malpractice.”

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After Thomas scored, Reeve had to be restrained as she ran onto the court to berate one of the officials. As the ref walked away, Reeve followed him and received her second technical of the game, leading to an ejection.

Lynx guard Natisha Hiedeman and two assistant coaches tried to hold back Reeve. Associate head coach Eric Thibault also got a technical for yelling at the refs.

Reeve was eventually escorted off the court but not before shouting at some fans at PHX Arena.

Collier, who sat out the final 21 seconds, finished with 17 points on 8-of-15 shooting.

The game featured 15 lead changes, and neither team led by more than eight points. But the Lynx were limited to just nine points in the fourth quarter, and the Mercury took control.

Phoenix stars Thomas, Satou Sabally and Kahleah Copper combined for 65 of the Mercury’s 84 points. The trio scored the Mercury’s last 29 points, including all 21 in the fourth.

Lynx coach Cheryl Reeve had to be restrained late in the fourth quarter of Game 3 after Mercury star Alyssa Thomas was not whistled for a foul on a play in which Napheesa Collier went down with an injury. Rick Scuteri-Imagn Images

In her postgame remarks, Reeve was incredulous after Collier did not attempt a free throw Friday.

“We were trying to play through it, trying not to make excuses. But one of the best players in the league, she had zero free throws and she had five fouls,” Reeve said. “She had her shoulder pulled out and finished the game with her leg being taken out.”

Reeve added: “I can take an L with the best of them. I don’t think we should have to play through what we did.”

Then, before walking out of the news conference without taking questions from reporters, Reeve said, “They’re f—ing awful.”

Reeve is the latest coach to speak out against the officiating this postseason. After Game 2 between the Las Vegas Aces and Indiana Fever, Aces coach Becky Hammon said that the physicality in these playoffs would not be allowed in other leagues.

When Reeve was asked about the officiating before Game 3 in Phoenix, she said the limited number of fouls being called in the Lynx-Mercury series wasn’t a positive. In Game 1 of the series, the teams combined for only 10 free throws, the fewest in a playoff game in league history.

Reeve said she didn’t want a “foul fest,” but said anything that limited freedom of movement or was an obvious infringement needed to be called.

“We’ve talked about how dangerous it can be,” Reeve said before Game 3. “And you’re hearing it from the other series. You’re hearing from other coaches. You’re hearing Becky talk about it. When you let the physicality happen, people get hurt.”

The Lynx have one day before their must-win Game 4 on Sunday.



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September 27, 2025 0 comments
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XRP regret
GameFi Guides

ZachXBT Blasts Ripple Holders, Reveals Why He Does Not Assist/Support The XRP Community

by admin August 30, 2025


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

The crypto space is talking after blockchain investigator ZachXBT turned his attention to Ripple investors and the XRP community at large. In a series of direct posts, he stated that he does not support Ripple holders and even joked that he would mock anyone who sent him a private message. 

ZachXBT Calls XRP Holders “Exit Liquidity” For Insiders

In his posts, ZachXBT explained why he keeps his distance from the XRP community. “I do not currently assist the XRP community and will make fun of anyone who sends me a DM,” he wrote. He went further to say that Ripple holders are not worth supporting because they provide “nothing of value to the industry except exit liquidity for insiders.”

The on-chain detective also noted that the supply of XRP remains heavily controlled by insiders. In his view, this makes the token less attractive and prevents fair growth. He added that the community around XRP behaves more like a cult than a group trying to build real technology. According to him, Ripple holders focus too much on hype, price promotion, and defending their token, rather than driving innovation.

ZachXBT grouped XRP holders with other communities he sees as structurally weak. He says that they share the same problems: strong promotion, defensive attitudes, and little to no useful progress. Due to his reputation as a respected blockchain investigator, his comments drew attention, despite being divisive. Because he has exposed crypto scams and shady financial transactions, ZachXBT has gained influence over time, and his words now carry more weight.

On-Chain Detective Rejects MLM Chains And Community Shilling

ZachXBT also explained that his criticism goes beyond XRP alone. He said, “I discriminate against MLM chains,” comparing many projects in the market to pyramid schemes. In his view, these chains operate with little real utility but rely on hype, recruiting new buyers, and constant shilling by communities to keep the system alive.

He described a pattern of insider enrichment, where early insiders and influencers cash out with profits while late retail buyers are left holding losses. This setup, he argued, also suits the XRP community, as it is more about aggressive promotion than genuine innovation.

ZachXBT also discussed the behavior of these communities. He described their behavior as cult-like, with members becoming very defensive and spending more energy on pushing “numbers go up” rather than creating long-term value. In his opinion, this is one of the reasons why these projects do not advance the crypto industry.

ZachXBT’s comments may prompt the crypto space to reassess XRP, its community support, and whether the token’s future lies in real utility or is simply an asset used by insiders for profit. A fresh wave of verbal shrapnel could happen within the XRP community, as some agree with him while others defend Ripple’s token.

Price falls below $2.9 | Source: XRPUSDT on TradingView.com

Featured image from DALL.E, 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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August 30, 2025 0 comments
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GameFi Guides

Cronos Blasts Off to 3-Year High After Trump Media’s $6.4 Billion CRO Treasury Move

by admin August 27, 2025



In brief

  • CRO, the native coin of the Cronos network, hit a three-year high price on Wednesday.
  • The surge comes after President Donald Trump-backed Trump Media announced it would build a reserve of the cryptocurrency.
  • The coin is linked to crypto exchange Crypto.com, which is teaming with Trump Media on the treasury and other moves.

CRO, the native coin of the Cronos network, hit a three-year high price Wednesday after President Donald Trump’s media company announced plans to build a multi-billion-dollar treasury to hold the cryptocurrency. 

CoinGecko data shows that CRO is the best-performing digital asset over 24 hours among the top 100 cryptocurrencies by market cap, having shot up in the time by 26% to a price above $0.26. Over a seven-day period, CRO is also the winner, spiking by 83%. 

Earlier on Wednesday, the coin surged as high as nearly $0.29. The last time CRO was priced that high was back in May 2022. Even so, at its current price, the coin remains down by 73% from an all-time high mark of $0.96 set back in 2021.

Leaderboards are not just for show, guess what new crypto buyers check first

Back in the Top 20! 🔥🔥🔥
And we’re just getting warmed up. https://t.co/wK0MEltz7E

— Cronos (@cronos_chain) August 27, 2025

CRO’s rise comes after Trump Media and Technology Group on Tuesday announced with Crypto.com a plan to build a $6.4 billion Cronos treasury dubbed the Trump Media Group CRO Strategy, Inc.

The treasury is being seeded with 6.3 billion CRO tokens—worth $1 billion at announcement, but about $1.63 billion as of this writing—along with $200 million in cash and $220 million in warrants. A further $5 billion equity line of credit has been secured to help fuel future CRO purchases.



Crypto.com is a crypto exchange linked to the Cronos blockchain. Trump Media and Technology Group is backed by President Trump and runs Trump’s social media platform, Truth Social, where the new commander in chief typically makes announcements. 

Trump Media said Tuesday that it plans to buy $105 million in CRO—around 2% of the total CRO circulating supply—and Crypto.com added that it will buy $50 million in shares of common stock in Trump Media (TMTG). Both would be subject to a lockup period.

The CRO holdings will also be staked via Crypto.com’s custody platform to earn revenue, the statement added, and Trump Media will also launch a rewards system across its Truth Social social media network and Truth+ streaming video platform, using Crypto.com’s wallet while positioning CRO as a utility token within the Truth ecosystem.

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