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Crypto Market Prediction: Bitcoin (BTC) to Rocket to $130,000? Shiba Inu (SHIB) Hits $0.000012 Breakout, XRP Breaks 5 Resistances in 1 Move
GameFi Guides

Crypto Market Prediction: Bitcoin (BTC) to Rocket to $130,000? Shiba Inu (SHIB) Hits $0.000012 Breakout, XRP Breaks 5 Resistances in 1 Move

by admin October 2, 2025


Bitcoin, Shiba Inu and XRP are all showing bullish momentum: BTC has reclaimed key EMAs and targets $125,000-$130,000 if it holds above support; SHIB has broken $0.000012 with volume but must maintain strength to avoid retracing; and XRP has reset its outlook by clearing all major EMAs with resistance ahead at $3.00-$3.20.  

Bitcoin is back

A recent strong rally that drove the price of Bitcoin (BTC) to $116,800 has put the cryptocurrency back in the public eye and sparked speculation about a possible breakout toward the $130,000 mark. Exponential moving averages (EMAs), which are frequently a sign of increased volatility and decisive actions, are convergent toward the current price, and the recent surge coincides with rapidly aligning technical indicators.

Bitcoin has reclaimed the 100 and 200 EMAs on the four-hour chart, breaking above significant short-term resistance with robust bullish momentum. An impending breakout is indicated by the 20 EMA and 50 EMA aligning near the price level, which further narrows the range. As the market builds pressure before releasing into a new trend, this compression of moving averages usually occurs before explosive moves.

Growing buyer conviction is reflected in the spike in trading volume, which supports the breakout potential. Additionally, momentum indicators show growing strength, and the RSI is above 68 and is approaching overbought territory without exhibiting any overt signs of exhaustion just yet. Bulls continue to hold a firm grip on the market as long as Bitcoin consolidates above $115,000.

If Bitcoin sustains its momentum and breaks through the $118,000 resistance level, the trajectory toward $125,000-$130,000 becomes more feasible. Nevertheless, traders should continue to exercise caution. Even though the technical picture is in favor of bulls, short-term pullbacks could be caused by overextended conditions.

The breakout attempt could be deemed invalid, and sellers could be invited back to the market if the price fails to hold above $113,000. For the time being, it is evident where Bitcoin is headed: EMAs are convergent, volatility is increasing and the stage is set for a possible skyrocketing that could push the price closer to $130,000.

Shiba Inu momentum back

In the short term, Shiba Inu has recovered its momentum, breaking through the $0.000012 level and displaying a robust green candle that suggests fresh buyer interest. The action follows SHIB’s successful break through the 50 EMA on the four-hour chart, a crucial dynamic resistance level that had been limiting price action for the previous two weeks. This technical milestone raises the possibility of an impending breakout.

Volume has increased significantly during the most recent push, suggesting that the rally is supported by real participation rather than just low liquidity. With an RSI of 66, the market is getting close to overbought but still has some upside potential before showing signs of exhaustion.

SHIB’s next obstacle, which is located close to the 100 and 200 EMA levels and grouped around $0.0000125-$0.0000130, is the break above short-term resistance. Still, prudence is necessary. Even with the breakout, SHIB is still trading inside a larger descending structure, and unless higher highs are set, the long-term trend is still bearish.

If momentum is not maintained above $0.0000120, SHIB may retrace and return to support in the range of $0.0000114-$0.0000118. Recent on-chain data, indicating notable declines in exchange reserves — a bullish signal that lessens possible selling pressure — has also influenced market sentiment regarding Shiba Inu.

But as previous rallies have shown, SHIB is still susceptible to steep declines if buyers are unable to maintain pressure.

XRP breaking through

In a single move, XRP broke through several resistance levels on the four-hour chart, putting on one of its best technical performances in weeks. The descending trendline that had restrained the token’s price action since mid-September was bypassed, along with the 20 EMA, 50 EMA, 100 EMA and 200 EMA. A wider recovery was made possible by this single decisive breakout, which broke through almost all of the short-term obstacles in its path.

With its current price around $2.95, XRP has essentially reset its technical outlook. The emphasis now moves to higher time frames, where the next significant obstacle is located between $3.00 and $3.05, since there are no significant obstacles remaining on shorter time frames. With momentum, XRP may move toward the larger descending channel resistance near $3.20 if bulls are able to secure a close above that zone.

This spike occurs at the beginning of Uptober, which is known for producing significant gains on the cryptocurrency market. With both Bitcoin and altcoins achieving above-average returns in previous cycles, October has frequently signaled the start of fourth-quarter rallies. The combination of XRP’s strong breakout and the seasonal effect raises the possibility that market sentiment is shifting in favor of additional upside.

Additionally, volume spikes on the breakout point to real market activity as opposed to a feeble short squeeze. With the four-hour chart’s RSI at 66, it is getting close to being overbought, but not yet overheated, allowing for further short-term momentum.

XRP is now poised for a possible trend reversal after overcoming weeks of consolidation. In keeping with October’s bullish undertones, the asset’s renewed strength is demonstrated by a clean break of five resistances in a single move. XRP might be about to embark on its next phase of recovery if Uptober goes as history predicts.



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October 2, 2025 0 comments
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Market Rallies, Altcoins Lead Gains; Zcash Hits 16-Month High
NFT Gaming

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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Amazon Fire Max 11 Tablet Hits Lowest Price Yet Ahead of Prime Big Deal Days, Hundreds Cheaper Than an iPad
Game Reviews

Amazon Fire Max 11 Tablet Hits Lowest Price Yet Ahead of Prime Big Deal Days, Hundreds Cheaper Than an iPad

by admin September 30, 2025


We’d be telling you that this limited-time deal on the Amazon Fire Max 11 tablet is hot, or that it’s fire, or that it’s a scorcher, but honestly, would you still respect us in the morning? So we’ll dispense with the terrible puns and cut straight to the deal, because it’s one of the better ones we’ve seen in a while on this great, affordable tablet. It’s 32% off for a limited time, turning a very good $280 price into a great one at just $190.

To put things in perspective, the Amazon Fire Max 11 is an 11-inch tablet with an octa-core processor, 14-hour battery life, expandable storage of up to 1TB via microSD card, and 2.4 million pixel resolution. As an Amazon product it blends seamlessly with the rest of the Amazon ecosystem, including Prime Video, Kindle, Audible, and Luna, along with your smart home devices via either Alexa or the Device Dashboard. And here’s the kicker — at this sale price it’s over $700 less than the 11-inch M4 iPad Pro, and $375 less than the 11-inch M3 iPad Air.

See at Amazon

Premium Features, Not Price

There are probably metrics and benchmark tests that put those pricier iPads ahead of the Fire Max 11, but not nearly enough to quantify the price difference. The octa-core processor at the heard of the Fire Max 11 is certainly no slouch when it comes to streaming, multitasking, and gaming on Luna. The 128GB of storage is small, but so easily and inexpensively expandable thanks to the microSD card slot that the Apple tablets lack.

Wi-Fi 6 speeds, a robust 14-hour battery life, 8MP camera, and options to expand into a more laptop-like experience with the sold-separately Fire Max 11 Keyboard Case — which also happens to be way more affordable than Apple’s Magic Keyboard — all make the Fire Max 11 highly competitive even before you do a price comparison. Once you check out those numbers, this isn’t even a fair contest.

Beautifully Basic

When you look at the Fire Max 11 — and this is the latest, most updated iteration of the Fire Max — in the context of being a fully integrated part of the massive Amazon ecosystem, it’s a brilliant tablet, especially for just $190. It’s not going to compete with a laptop as a productivity machine, although this deal does come with a free 3-month Microsoft 365 trial, but as an e-reader, streaming device, smart-home control panel, and light gaming device, it’s an exceptional tablet.

This model of the Amazon Fire Max currently on sale for just $190 has the max 128GB storage and also comes with lockscreen ads deactivated. The $90 savings on this deal are great, and even greater when you tack them onto the hundreds you save by avoiding the super-bougie competitor tablets.

See at Amazon



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September 30, 2025 0 comments
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Ethereum Foundation dumps 10K ETH as price struggles at $4,300
GameFi Guides

Ethereum price hits $4k support as ETFs see record $795m outflow

by admin September 28, 2025



Ethereum price crashed for two consecutive weeks and retested a crucial support level as exchange-traded fund outflows jumped. 

Summary

  • Ethereum’s two-week slide has brought the token back to a key $4,000 support level, pressured by waning institutional demand and record ETF redemptions.
  • U.S.-listed ETH funds shed nearly $800 million in assets this week—their largest outflow to date—erasing the strong inflows of early September.
  • With $26 billion still parked in Ethereum ETFs, representing 5.37% of total supply, the pullback underscores how quickly institutional sentiment toward the world’s second-largest cryptocurrency can shift.

Ethereum price falls as ETH ETF outflows rise

Ethereum (ETH) was trading at the important support level at $4,000, down from the year-to-date high of $4,920. It remains up by 190% above the April low of $1,377.

ETH price pulled back this week as demand from American institutional investors slowed and liquidations rose. 

Data shows that ETH ETFs suffered a record $795 million outflow this week. The previous weekly record was in the first week of September, when they shed over $787 million in assets.

Ethereum funds experienced inflows of $556 million last week and $637 million the week before. That is a sign that the growth momentum among American institutions is falling. 

These funds now have $26 billion in assets, which is equivalent to 5.37% of the total supply. 

ETH price also slipped after suffering a whopping $1.5 billion in liquidations during the week. These liquidations happened as exchanges like Binance and OKX closed leveraged bullish trades as the price crashed. Historically, an asset drops when there are a big increase in liquidations.

Macro factors also contributed to the Ethereum price crash. For example, there are concerns on whether the Federal Reserve will continue cutting interest rates in the coming weeks amid persistent inflation. A report released this week showed that the personal consumption expenditure moved further away from the Fed target of 2.0%.

ETH price technical analysis

Ethereum price chart | Source: crypto.news

The weekly chart shows that the ETH price pulled back from the year-to-date high of $4,918 to a low of $3,825 this week.

On the positive side, the coin has formed a break-and-retest pattern since the current level is along the highest point in March, May, and November last year. A break-and-retest is a common continuation sign. 

The coin has also remained above the 50-week and 100-week Exponential Moving Averages. Therefore, the outlook is bullish as long as it remains above the support at $4,000. If this happens, the coin will likely retest the all-time high and move towards $5,000.



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September 28, 2025 0 comments
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Gaming Gear

Horror-tinged sidescroller Possessor(s) hits PC and PS5 on November 11

by admin September 26, 2025


The long-awaited sidescroller Possessor(s) will be available on November 11 for PC and PS5. It’s a horror-tinged action game with Metroidvania elements. It also happens to look extremely beautiful.

The game was developed by Heart Machine, which is the same company behind Hyper Light Drifter and its prequel Hyper Light Breaker. Publishing duties fall to Devolver, which has had a hand in a boatload of recent indie hits from Enter the Gungeon to Cult of the Lamb. The developer just dropped a launch date trailer for Possessor(s) and it’s filled with both gameplay and story elements.

As for that story, the game’s set in a quarantined metropolis that’s been invaded by ghostly forces. Exploration will slowly unravel what happened to the city. There’s an open-ended narrative with multiple paths and plenty of characters to meet.

The combat looks really slick, with lots of melee using found objects. The protagonist can also slide down long corridors and swing from a grappling hook. Weapons can be upgraded and there looks to be a skill tree of some kind.

We only have around five weeks until we can get our hands on this one. Pre-orders on both platforms are up right now, but there’s no price yet.



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September 26, 2025 0 comments
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Hades 2 Reveals Every Big Change As It Finally Hits Version 1.0 On Switch 2
Game Updates

Hades 2 Reveals Every Big Change As It Finally Hits Version 1.0 On Switch 2

by admin September 26, 2025


Hades 2 is finally out of Early Access and Supergiant Games has rolled out the red carpet with patch notes showing every major change as the game enters version 1.0 on PC and comes to Switch 1 and Switch 2. The true ending to Princess Melinoë’s adventure is now live, along with fresh secrets and a bevy of balancing tweaks.

Supergiant Games put Hades 2 out in Early Access back in May 2024 and it was already pretty decent. The studio’s been adding more content and fine-tuning its more ambitious scope ever since. In addition to the True Ending and Epilogue, there are also new story events, gift events, keepsakes to discover and fresh artwork and music for players to enjoy. Most of the balance changes are buffs or bug fixes. Appearance rates for resources have undergone some changes as well—all Prestige are now Kudos—and Tablet of Peace and Rod of Fishing sequences have been sped up.

“While Hades 2 spent more than four-and-a-half years in development, including about a year and a half in Early Access, it’s also the culmination of all the experience we’ve gained together as a team since Supergiant Games started back in 2009,” director Greg Kasavin wrote in the game’s Discord. “Early Access development was foundational to the entire idea of the original Hades, and proved instrumental to this latest game as well. So, from all of us, thank you for inspiring us to do our best, and we hope you enjoy your time with Hades 2.”

Opinions may vary on how well this sequel builds on the foundations of the original, but Hades 2 is an impressive achievement for a studio that’s retained all seven of its founding members and continues releasing popular indie hits without a CEO or conventional business structure. “I don’t have some kind of magical explanation for why we’ve been able to stick around for this long while some others haven’t been as fortunate,” Kasavin told SFChronicle in a new interview. “I do attribute it to the value that we place on sticking together as a team, on keeping our ambitions relatively modest. We don’t have an ambition to grow big for its own sake.”



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September 26, 2025 0 comments
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Cal Raleigh hits 59th, 60th home runs as Mariners clinch AL West
Esports

Cal Raleigh hits 59th, 60th home runs as Mariners clinch AL West

by admin September 25, 2025



Sep 24, 2025, 11:21 PM ET

SEATTLE — Cal Raleigh hit his MLB-leading 59th and 60th home runs Wednesday night as the Seattle Mariners clinched the AL West with a 9-2 win over the Colorado Rockies.

His 59th was a solo shot in the first inning and his 60th was another solo homer in the eighth.

The Mariners, the lone big league team that has never been to a World Series, clinched the fourth division crown in the franchise’s 49-year history and the first since 2001, when they set an AL record with 116 wins.

“To do it in this fashion, on this night, in front of these fans, mom and dad, obviously, was really cool,” Raleigh said.

He added: “It’s 20-plus years since we’ve done something like this, and it’s special. It’s special to this group, to this organization, to the city.”

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Raleigh, batting left-handed, connected off Tanner Gordon in the first inning for a blast to right field that reached the top deck at T-Mobile Park. In the eighth inning, Raleigh, batting left-handed again, connected off Angel Chivilli.

Raleigh has 11 multi-homer games this season, tied with Aaron Judge (2022), Hank Greenberg (1938) and Sammy Sosa for the MLB record.

With four games remaining in the Mariners’ regular season, Raleigh has a chance to pass New York Yankees star Judge for the American League single-season home run record. Judge hit 62 home runs in 2022 to break the previous record set by Roger Maris, which had stood since 1961.

Raleigh’s latest homers came just four days after he passed Ken Griffey Jr. for the franchise’s single-season home run record with his 57th homer. Griffey hit 56 in 1997 and 1998.

Raleigh also has surpassed Mickey Mantle’s previous MLB record of 54 home runs by a switch-hitter that had stood since 1961. He set the MLB record for homers by a catcher this season, eclipsing the 48 hit by Salvador Perez in 2021.

Raleigh is four home runs ahead of Philadelphia Phillies slugger Kyle Schwarber and seven home runs ahead of Los Angeles Dodgers star Shohei Ohtani.

The Associated Press contributed to this report.



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September 25, 2025 0 comments
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silicon valley
Crypto Trends

Thanks to Bitcoin 40% More People are Millionaires as Crypto Market Hits $3.3 Trillion

by admin September 24, 2025



The global population of crypto millionaires has reached 241,700, up 40% in the past year, according to the Crypto Wealth Report 2025 by Henley & Partners.

The surge coincides with a broader rally that lifted total digital asset market capitalization to $3.3 trillion in June, a 45% increase year-on-year, the report, featuring data from global wealth intelligence firm New World Wealth, said.

Bitcoin remains the main driver of wealth creation in the sector.

Holders with portfolios above $1 million in BTC climbed 70% to 145,100 year-over-year. At the upper end, 450 individuals now hold at least $100 million in crypto, while 36 billionaires control even larger stakes.

The report points to a shift in how digital assets are used, with Bitcoin increasingly treated as collateral rather than a speculative play. This evolution, observers say, is transforming the token into the base layer of a parallel financial system.

“Bitcoin is becoming the foundation of a parallel financial system, where [it] is not merely an investment for speculation on fiat price appreciation, but the base currency for accumulating wealth.” Philipp A. Baumann, founder of Z22 Technologies, said in the report.

Bordeless wealth

Crypto’s decentralized nature is also redrawing patterns of global wealth. Analysts note that investors are pursuing citizenship and residency programs to navigate regulatory uncertainty while securing access to banking and tax-efficient jurisdictions.

Henley’s annual Crypto Adoption Index ranks Singapore, Hong Kong, the U.S., Switzerland, and the UAE as the top five destinations for digital asset investors.

With over $14 trillion in wealth moving across borders last year, the report argues that crypto’s portability—secured by little more than a seed phrase—marks a fundamental break from centuries of place-based financial systems.

“Today, cryptocurrency has made geography optional — with nothing more than 12 memorized words, an individual can secure a billion dollars in Bitcoin, instantly accessible from Zurich or Zhengzhou alike,” said Dominic Volek, Group Head of Private Clients at Henley & Partners.



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September 24, 2025 0 comments
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A Kraken, the symbol of the exchange
NFT Gaming

Kraken preps for crypto ‘fight’ as US economy hits sour note

by admin September 24, 2025



Crypto firms are jockeying for a political presence, and Kraken is one of them. Co-CEO Arjun Sethi announced Wednesday that the exchange has committed $2 million to two crypto-aligned political action committees.

Summary

  • Kraken is doubling down on political influence, pledging $2 million to pro-crypto PACs—the Freedom Fund and America First Digital.
  • While the exchange frames the move as a fight for digital freedom, both PACs largely support Republican candidates and Trump.
  • The donations come amid a booming crypto market, now up 45% since January. Most Americans fear the rest of Trump’s economy is on the wrong track, a Reuters/Ipsos poll shows.

Kraken will give $1 million to the Freedom Fund PAC and $1 million to the America First Digital (A1stDigital) PAC.

The fight for crypto in the United States is far from over.

That is why Kraken is donating $1 million to @FreedomFundPAC and increasing our 2025 commitment to @a1stdigital to $1 million.

Congress has made real progress. Market structure bills are advancing. The tone in…

— Arjun Sethi (@arjunsethi) September 23, 2025

According to the company, these types of donations are crucial to defend “core individual rights in the digital age.”

“We are not backing a party,” Sethi said, yet both PACs are explicitly aligned with the Republican Party and support President Donald Trump’s political initiatives.

“We are not backing a party. We are backing principles,” said Kraken co-CEO Arjun Sethi, mentioning self-custody, permissionless decentralized systems, freedom from surveilance in finance, and open infrastructure. “We will keep defending the right to own, move, and build with crypto in the United States,” he added.

While Sethi praised recent progress in Congress, he argues that core crypto freedoms remain at risk.

Regulatory overreach and bans on privacy tools, he says, are still an issue.

Crypto PACs build $140 million midterm war chest

Recall last October when the crypto industry spent $160 million on lobbying efforts.

The money helped. Since Inauguration Day, the crypto industry has enjoyed loose regulations and at least two White House-hosted parties. There was the March 2025 Digital Asset Summit, featuring major crypto firms to discuss a U.S. Strategic Bitcoin Reserve, as well as a May 2025 event for 220 top holders of the TRUMP meme coin.

Both events drew attention to the Trump administration’s engagement with crypto, while also raising ethical concerns over potential conflicts of interest.

However, with the 2026 midterm elections approaching, the industry hopes to cement its gains by doubling down on political spending.

So far, crypto PACs have amassed $140 million in contributions from key industry players. These funds will go to candidates who support a pro-crypto agenda. In many cases, these candidates lean Republican, with Trump himself supporting the agenda.

It’s worth noting that the most significant piece of pro-crypto legislation, the GENIUS Act, was a bipartisan effort. Senator Bill Hagerty introduced the bill, which establishes a regulatory framework for payment stablecoins in the U.S. It passed the Senate 68–30 and the House 308–122, with support from both parties, and was signed into law by Trump on July 18.

Still, Kraken wants more.

“The fight for crypto in the United States is far from over,” Sethi said.

Kraken’s donations come as Trump’s most recent approval rating among Americans falls to just 41%.

Approximately 54% of those polled believe the economy is headed in the wrong direction, up from previous months, according to a Reuters/Ipsos poll.

Since January, the cryptocurrency industry has experienced significant growth, with the global market capitalization increasing from approximately $2.76 trillion in April to over $4 trillion by September.

That’s a spike of around 45% in just eight months.





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September 24, 2025 0 comments
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Fg Nexus Hits 50,000 Eth Treasury Milestone, Shares Rise
GameFi Guides

FG Nexus Hits 50,000 ETH Treasury Milestone, Shares Rise

by admin September 24, 2025



FG Nexus has accumulated 50,000 Ethereum (ETH) for its corporate treasury, now valued at $210.1 million, following a strategic pivot announced in August. The firm disclosed the holdings on Tuesday, triggering a 4.5% surge in pre-market trading of its stock (FGNX). The average purchase price across all transactions stands at approximately $3,860, according to the company.

While this acquisition has placed FG Nexus in a strong position in the corporate Ethereum treasury race, it still trails Bitmine Immersion Technologies (BMNR), which holds over 2.4 million ETH—roughly 2% of the circulating supply. FG Nexus, meanwhile, is targeting a more aggressive 10% stake. Over the past week alone, it added 285 ETH to its reserves, citing Ethereum’s $4,200 market price at the time of purchase.

FGNX lags performance but intensifies ETH race

Despite Tuesday’s gains, FGNX shares remain down 68% year-to-date and 71% over the past 12 months. However, retail sentiment appears to be shifting. 

BMNR, led by Tom Lee, also saw pre-market gains of 2% and continues to draw interest with its Ethereum accumulation strategy. While Bitmine currently leads the supply race, FG Nexus’ latest move signals that the contest for ETH dominance among publicly traded firms may be far from over.

Also read: FG Nexus Becomes Major ETH Holder with 47,331 ETH



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September 24, 2025 0 comments
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