bitcoinlfg

Tag: BTC

  • BTC staking platform Babylon teams up with Aave for Bitcoin-backed DeFi insurance

    BTC staking platform Babylon teams up with Aave for Bitcoin-backed DeFi insurance

    Babylon teams up with Aave for Bitcoin-backed DeFi insurance

    • Babylon and Aave partner to enable native BTC as collateral for DeFi lending.
    • BTC can now back decentralised insurance pools, earning yield if unused.
    • Users retain full control of their Bitcoin while accessing DeFi liquidity.

    In a groundbreaking move for the decentralised finance (DeFi) ecosystem, Bitcoin staking platform Babylon has announced a partnership with Aave, one of the largest decentralised lending protocols.

    The collaboration aims to allow Bitcoin (BTC) holders to use their native, unwrapped BTC as collateral for lending and to participate in a pioneering DeFi insurance model.

    This will reshape how Bitcoin interacts with DeFi, unlocking liquidity while maintaining the security that Bitcoin users expect.

    Native Bitcoin collateral comes to DeFi

    Traditionally, using Bitcoin in DeFi required wrapping it into a tokenised version such as WBTC, which introduced custodial risk and extra steps. Babylon’s partnership with Aave eliminates this barrier by enabling users to deposit their native BTC directly as collateral.

    Through Babylon’s trustless Bitcoin Vaults, BTC can be locked in a time-locked contract on its own blockchain and recognised by Aave’s hub-and-spoke lending architecture.

    This allows users to borrow stablecoins or other crypto assets while keeping full control of their Bitcoin keys.

    The move is expected to significantly expand BTC liquidity in DeFi. Currently, even the largest wrapped Bitcoin initiatives account for less than 1% of Bitcoin’s total market cap.

    Babylon’s own staking product secures over 56,000 BTC, demonstrating strong demand for productive uses of Bitcoin.

    By unlocking native BTC for lending, the partnership could bring a substantial portion of the dormant Bitcoin supply into productive DeFi applications, potentially transforming lending markets.

    DeFi insurance backed by Bitcoin

    Beyond lending, Babylon is preparing to extend its vaults into the insurance sector, a development that could redefine how DeFi protocols manage risk.

    The proposed model allows BTC holders to deposit their Bitcoin into decentralised insurance pools.

    These pools would serve as coverage against protocol hacks and other failures. Depositors earn yield if no claims occur, while the pool provides liquidity for payouts in the event of a validated exploit.

    This approach turns Bitcoin into a foundational asset for DeFi risk management, offering a new avenue for yield generation while safeguarding the ecosystem.

    Babylon co-founder David Tse told CoinDesk that the insurance initiative is still in development, with an official announcement expected in January 2026.

    Testing for the integrated BTC lending and insurance products is scheduled to begin in early 2026, with a broader rollout planned around April of the same year.

    The combination of Babylon’s secure vault design and Aave’s extensive liquidity network creates a framework that prioritises both safety and usability, a balance often missing in cross-chain and custodial solutions.

    Transforming Bitcoin’s role in DeFi

    This partnership addresses longstanding challenges in Bitcoin DeFi adoption.

    By removing the need for wrapped assets and custodial intermediaries, it reduces systemic risk while enabling Bitcoin holders to put their capital to work more efficiently.

    Users can participate in lending and insurance activities without relinquishing control of their Bitcoin, aligning with the core principles of security and decentralisation that have long defined the Bitcoin network.

    Experts in the space view this collaboration as a potential catalyst for broader adoption of BTC in decentralised applications.

    Unlocking even a small fraction of Bitcoin’s supply for lending and insurance could significantly deepen liquidity and reshape market dynamics.

    For the average user, it translates into safer, more streamlined, and more productive ways to generate yield from their holdings.

    Share this article
    Categories
    Tags

    Source link

  • Texas buys $5mn BTC ETF, pushes for Bitcoin reserve plan

    Texas buys $5mn BTC ETF, pushes for Bitcoin reserve plan

    Texas pushes crypto strategy with new Bitcoin reserve plan

    • The state legislation sets aside $10 million for Bitcoin accumulation.
    • Texas is preparing a formal tender to choose a custodian for the reserve.
    • New Hampshire authorised a Bitcoin reserve and approved a $100 million Bitcoin bond.

    Texas is moving ahead with one of the most ambitious state-level crypto strategies in the country as it begins shaping the framework for a government Bitcoin reserve.

    The state has now taken its first formal step by acquiring $5 million in shares of BlackRock’s iShares Bitcoin Trust.

    The purchase is part of a wider plan triggered by legislation passed earlier this year, which allocated $10 million for future Bitcoin accumulation.

    The early activity positions Texas to become the first US state to hold a dedicated cryptocurrency reserve, giving it a lead in a growing competition among states exploring digital asset policies.

    Texas builds foundation for Bitcoin reserve

    The state has been gathering information from the cryptocurrency industry to help design how its reserve will operate.

    The review began after Texas issued a request for information in September seeking guidance on best practices for storage, security, and management.

    Industry groups sent detailed submissions covering custody models, investment structures, governance frameworks, and security systems.

    The process is part of a wider effort to ensure the reserve can be managed with clear procedures once it transitions from planning to execution.

    Texas officials are expected to follow this phase with a formal request for proposal.

    The tender will be used to select a custodian and determine the final operational rules for the programme.

    The recent $5 million allocation acts as a temporary measure rather than direct Bitcoin ownership while the state completes its selection process, according to a CoinDesk report.

    States explore government crypto strategies

    Other states have also gained exposure to Bitcoin, though through different channels.

    Michigan and Wisconsin accessed cryptocurrency markets through public-employee retirement funds.

    Wisconsin sold a $350 million allocation in May, according to public records.

    These moves reflect growing institutional interest at the state level, even in cases where governments have not yet adopted dedicated reserves.

    Several states are actively studying the idea of holding Bitcoin for strategic purposes.

    New Hampshire has authorised the creation of a government Bitcoin reserve, although it has not yet made any purchases.

    Last week, the New Hampshire Business Finance Authority approved a $100 million Bitcoin bond designed to support an economic development fund backed by cryptocurrency.

    The structure relies on private sector activity rather than direct state accumulation.

    Early development continues nationwide

    Arizona is also taking steps toward a government-level reserve.

    Its legislation directs unclaimed cryptocurrency assets held by the state into a dedicated reserve.

    The plan creates an initial legal foundation that could support future accumulation, although the full reserve framework is still in development.

    These early efforts reflect a rising interest among states in integrating digital assets into long-term financial planning.

    The state-level activity is unfolding alongside federal discussions.

    President Donald Trump has publicly supported the idea of a national Bitcoin investment strategy.

    The administration has issued an executive order directing officials to begin planning for a federal reserve structure.

    Government teams working on the project are now waiting for congressional approval before advancing to the next stage.

    Texas sets the pace in state crypto adoption

    Texas remains the most advanced of the state-level initiatives due to its legislative backing and its first confirmed investment.

    The move signals a shift from exploratory interest to practical implementation, with a structured plan for selecting custodians and defining reserve operations.

    The next steps will determine how the state transitions from temporary allocations to direct Bitcoin ownership once contracts and governance systems are finalised.

    Share this article
    Categories
    Tags

    Source link

  • Bitcoin (BTC) battles macro headwinds despite improved ETF inflows

    Bitcoin (BTC) battles macro headwinds despite improved ETF inflows

    Bitcoin (BTC) battles macro headwinds

    • Bitcoin price remains range-bound amid long-term holder selling and falling demand.
    • US Bitcoin ETFs inflows signal cautious institutional optimism.
    • Macro uncertainty from the Fed and government shutdown keeps BTC under pressure.

    Bitcoin (BTC) continues to navigate turbulent market conditions as macroeconomic uncertainty and institutional dynamics shape its near-term trajectory.

    Despite renewed interest from investors and a notable surge in Bitcoin ETFs, the world’s largest cryptocurrency faces persistent pressure from long-term holder selling, cautious institutional sentiment, and a complex macro backdrop influenced by the Federal Reserve and ongoing government shutdown developments.

    Analysts and strategists are watching closely as BTC balances between cyclical signals and broader market realities in November.

    Bitcoin price struggles amid range-bound trading

    Bitcoin price has remained largely trapped between $106,000 and $116,000 over the past two weeks, signalling a period of consolidation rather than upward momentum.

    Long-term holders have accelerated their monthly distribution to roughly 104,000 BTC, marking one of the heaviest selling waves since mid-July, according to the recent Bitfinex report.

    This persistent supply pressure is coinciding with muted institutional demand following October’s sharp liquidation event, leaving BTC caught in a sideways range with limited short-term catalysts.

    Analysts warn that unless ETF inflows or new spot demand increase, the cryptocurrency could test support near $106,000, and a sustained breach of this level might open the path to $100,000.

    ETF inflows signal cautious optimism

    Despite these headwinds, Bitcoin ETFs have shown signs of recovery, injecting optimism into the market.

    On November 11, US spot Bitcoin ETFs recorded $524 million in cumulative net inflows.

    US Bitcoin ETFs inflows
    Total Bitcoin Spot ETF Net Inflow (USD) | Source: Coinglass

    This return of demand, alongside smart money traders adding net long positions totalling over $8.5 million, highlights a growing, albeit measured, confidence among institutional participants.

    Analysts have noted that sustained ETF inflows may signal an end to the broader de-risking phase observed after the market downturn, even as retail participation remains subdued.

    Macro factors keep BTC on edge

    Despite increased ETF inflows, macro conditions continue to weigh heavily on Bitcoin (BTC).

    The Federal Reserve’s recent 25-basis-point rate cut and the formal end of its balance sheet runoff are tempered by internal division over the next steps, with some officials citing risks from persistent inflation and others warning of slowing labour markets.

    Meanwhile, the Secured Overnight Financing Rate recently plunged to 3.92%, which financial analyst Shanaka Anslem described as indicative of market panic.

    These developments, combined with falling consumer confidence and cooling wage growth, have created uncertainty around near-term capital flows and investor appetite for risk assets like Bitcoin.

    The ongoing government shutdown adds another layer of complexity.

    While the Senate moves toward a potential resolution, analysts note that the relief may boost equities more than cryptocurrencies, as capital appears to rotate toward traditional financial markets while liquidity waits on the sidelines for normal economic data to resume.

    These dynamics have contributed to continued downside pressure on BTC, even as technical and ETF-related signals point to potential stabilisation.

    Bitcoin price outlook for November

    Looking ahead, November may not deliver the historic rallies often seen in the penultimate month of the year, as Bitcoin (BTC) remains caught between conflicting forces.

    While ETF inflows and smart money activity provide a foundation for renewed optimism, ongoing distribution by long-term holders, macro uncertainty, and cautious institutional behaviour continue to weigh on the Bitcoin price.

    Share this article
    Categories
    Tags



    Source link

  • Bitplanet becomes South Korea’s first listed firm to buy Bitcoin (BTC)

    Bitplanet becomes South Korea’s first listed firm to buy Bitcoin (BTC)

    Bitplanet becomes South Korea’s first listed firm to buy Bitcoin

    • Bitplanet bought 93 BTC in Korea’s first regulated corporate purchase.
    • The firm plans daily Bitcoin buys to reach a 10,000 BTC treasury.
    • Backed by major investors, Bitplanet leads Korea’s Bitcoin adoption.

    Bitplanet has made history in South Korea’s financial landscape by becoming the nation’s first publicly traded company to purchase Bitcoin (BTC) through a regulated domestic exchange.

    The KOSDAQ-listed technology firm recently acquired 92.67 BTC — worth approximately $10.9 million — marking a new chapter in the country’s corporate embrace of digital assets.

    Korea’s first regulated corporate Bitcoin buy

    The BTC acquisition positions Bitplanet as a pioneer in compliant Bitcoin adoption within Asia’s evolving financial ecosystem.

    It is the first time a listed company has acquired Bitcoin through a licensed exchange within the country’s regulated financial infrastructure.

    Executed entirely under the supervision of South Korea’s Financial Intelligence Unit (FIU), the transaction signals growing confidence among institutional investors that Bitcoin can serve as a legitimate, strategic treasury asset.

    The Seoul-based company described the move as a deliberate, rules-based initiative rather than a speculative trade.

    Co-CEO Paul Lee explained that the purchase marks the start of a disciplined, long-term accumulation plan designed to reduce timing risks while positioning Bitcoin as a strategic treasury reserve.

    The transaction was executed fully in compliance with domestic financial laws, a milestone that could encourage other listed companies to follow suit.

    Notably, the timing of Bitplanet’s move coincided with a strong rally in Bitcoin prices, which recently climbed above $115,000 amid optimism about US Federal Reserve rate cuts and increasing exchange-traded fund (ETF) inflows.

    By choosing this moment to make its first acquisition, Bitplanet demonstrated not only market awareness but also confidence in Bitcoin’s long-term role as a corporate asset.

    From its IT roots to a Bitcoin treasury company

    Founded in 1997 as SGA Co., Ltd., Bitplanet has deep roots in IT, cybersecurity, and education technology services.

    The company rebranded in September 2025 to reflect a broader shift toward blockchain and Bitcoin-focused ventures.

    Its pivot follows the full $50 million acquisition of SGA earlier in the year and the completion of a $40 million fundraising round to support its new treasury strategy.

    This strategic transformation underscores Bitplanet’s vision of becoming South Korea’s first institutional-grade Bitcoin treasury company.

    The firm has developed a comprehensive infrastructure for compliant digital asset management, including regulated custody solutions, secure storage, and real-time audit systems that meet government and financial oversight standards.

    Bitplanet’s management says it intends to accumulate Bitcoin daily through licensed domestic exchanges, aiming to build a reserve of up to 10,000 BTC over time.

    This steady, methodical approach minimises exposure to market volatility and mirrors similar strategies employed by firms such as Japan’s Metaplanet, one of Bitplanet’s key backers.

    Backed by global Bitcoin advocates

    Bitplanet’s Bitcoin strategy is supported by a global network of digital asset investors.

    The firm’s backers include Simon Gerovich of Metaplanet, AsiaStrategy, Sora Ventures, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital — groups known for advancing institutional Bitcoin adoption worldwide.

    Their involvement signals strong confidence in Bitplanet’s compliance-focused model and its potential to establish a new standard for Bitcoin treasury management in Asia.

    Industry observers believe the company’s regulated approach could pave the way for broader corporate participation in South Korea’s growing digital asset market.

    The BTC purchase also aligns with the country’s forthcoming Digital Asset Basic Act, scheduled to take effect by 2027, which will formalise the rules for cryptocurrency custody and corporate holdings.

    By moving early, Bitplanet positions itself to benefit from the regulatory clarity that this law is expected to bring.

    Share this article
    Categories
    Tags



    Source link

  • Bitcoin surges to $112K as Strategy adds 196 BTC, analysts eye $120K potential

    Bitcoin surges to $112K as Strategy adds 196 BTC, analysts eye $120K potential

    Bitcoin BTC

    • Bitcoin hits $112k, fueled by institutional buying.
    • Strategy added 196 BTC, increasing its holdings to 640,031 BTC.
    • Analysts see potential for $120,000 but warn of volatility risks.

    Bitcoin (BTC) has surged to $112k, fueled by renewed institutional interest and a significant acquisition by Strategy, the world’s largest corporate Bitcoin holder.

    Strategy acquires 196 BTC, holdings hit 640,031

    Strategy, formerly MicroStrategy, has announced the acquisition of 196 Bitcoin for an undisclosed amount, bringing its total holdings to 640,031 BTC, according to a Form 8-K filing.

    The purchase, funded through the company’s ATM offering programs, outlines Strategy’s position as the leading corporate Bitcoin treasury, with holdings valued at approximately $71.7 billion based on current market prices.

    The acquisition follows a pattern of consistent buying, with Strategy adding 850 BTC on September 22, 2025, and 525 BTC on September 15, 2025, at an average price of $114,562 per BTC.

    Michael Saylor, the Executive Chairman, has a strategy of leveraging equity and debt financing to accumulate BTC which has solidified the company’s role as a Bitcoin-backed treasury model.

    This latest purchase concurs with Bitcoin’s price climbing to $112,500, reflecting a 2.9% increase from $109,525.50 three days prior.

    Analysts on BTC price outlook

    Analysts are cautiously optimistic about Bitcoin’s price trajectory following its climb to $112,000.

    The surge aligns with the Strategy’s aggressive accumulation and broader market momentum, but opinions vary on future movements.

    Analysts have projected BTC could reach $150k-$200k in 2025, and institutional adoption and macroeconomic factors are seen as key tailwinds. However, some say volatility means bears may not be done yet.

    QCP analysts shared their outlook

    “After a volatile September, $BTC is still up more than 3% on the month. Options markets show conviction slowly returning, but the 115k level remains the hurdle to clear for a renewed uptrend.”

    Bitcoin at ‘Buy’ for dip level?

    According to QCP analysts, the crypto market is showing “signs of recovery” following the carnage seen the previous week. The shakeout that saw BTC trade to under $109k may nonetheless offer a buy-the-dip opportunity.

    “Despite sizable ETF outflows, particularly on Friday, spot managed to hold sideways through the weekend. This points to quarter-end basis unwinds as a key driver of redemptions, with markets absorbing the selling pressure more smoothly than expected,” QCP wrote. “With spot rebounding, this week’s ETF flows could set the tone for institutional demand heading into a seasonally bullish month.”

    Strategy’s consistent buying is seen as a bullish signal, with potential U.S. policies on digital assets influencing long-term price stability.

    If bulls rally, Bitcoin’s ability to break past $117k will be crucial. The level marks a sizable supply wall area and will b pivotal for a breakout above $118k and retest of the $120k mark.

    Share this article
    Categories
    Tags



    Source link

  • Crypto market news: BTC near $112K, ETH drops below $4,200 as fear grips traders

    Crypto market news: BTC near $112K, ETH drops below $4,200 as fear grips traders

    Crypto reels from “Red September” selloff as BTC, ETH, and SOL dip, but institutions hold firm, eyeing a Q4 recovery.

    • Bitcoin hovers above $112K, with bulls defending key support.
    • Ethereum drops 7% weekly as ETF outflows pressure sentiment.
    • Institutions stay invested, betting on a stronger Q4 recovery.

    Crypto markets are still reeling from a fierce “Red September” selloff that has sent jitters through traders and investors alike.

    There is a strong undercurrent of caution right now with investors watching the macro headlines, especially the Fed’s latest moves, and feeling heat from a resurgent US dollar and mounting regulatory uncertainties.

    The fear factor is high among retail traders, especially with meme coins back in panic territory, but interestingly, big institutions haven’t cleared out.

    That says a lot about the market’s long-term resilience.

    For all the volatility, veteran investors seem to believe this selloff could be paving the way for a healthier Q4, especially if some regulatory clarity and macro relief finally show up.

    Major crypto movers

    Bitcoin’s been tossed around all week, trying to hold firm just above the $112,000 mark.

    Despite all the drama, BTC’s daily change has been pretty muted, but it’s still down roughly 2% over the past seven days.

    The tension is palpable; there’s talk that a slip below $112,000 could trigger another rapid drop, but so far, bulls are digging in their heels.

    Ethereum is also fighting for higher ground, currently near $4,200.

    Its weekly loss is steeper than Bitcoin’s, about 7% and analysts see ETF outflows and seasonal September trading patterns in play.

    For Solana, it’s a similar story, with sellers driving the price toward $216, the coin shedding more than 2% in the latest session, and short-term holders running for cover.

    XRP has been a mild outlier, eking out some gains where most heavyweights reversed. It bounced up to around $2.86 and stayed resilient after threatening a breakdown below key support.

    DOGE, however, lost some of its shine, dropping just over 1% today as meme coin enthusiasm fizzled after the big liquidations.

    Even with all the noise, the big coins aren’t in catastrophic territory, but the road to recovery is littered with caution tape.

    Market update: News and broader trends

    This latest bout of selling is being blamed on a handful of big-picture trends.

    First and foremost, traders point to the Fed’s mixed messaging, a rate cut that should excite risk assets paradoxically made the US dollar even stronger, making it tougher for speculative bets on crypto to thrive.

    Huge liquidations have unfolded, with more than $1.65 billion in leveraged longs forced out of the market.

    Meme coins bore the brunt of the panic, but strong institutional flows suggest bigger players are sticking to their long game.

    Regulatory uncertainty is a running theme, debates in the US and Europe over tougher anti-money laundering rules and crypto tax policies have stoked investor anxiety.

    There are also worries over trade tensions and new tariffs added to US imports from India, Taiwan, and Canada, further muddying the waters and keeping risk appetite subdued.

    Yet there’s a strange sense of optimism simmering.

    Many believe the panic has set the stage for a more sustainable rally later in the year, especially if macro and regulatory conditions stabilize.

    Institutional adoption, fresh network upgrades, and the possibility of new Bitcoin-related policies, perhaps even news from President Trump’s upcoming speech, are keeping hope alive that the tide could turn before year-end.

    Share this article
    Categories
    Tags

    Source link

  • Metaplanet adds another 5,419 BTC, achieves 395.1% YTD Bitcoin yield in 2025

    Metaplanet adds another 5,419 BTC, achieves 395.1% YTD Bitcoin yield in 2025

    Metaplanet adds another 5419 BTC

    • Metaplanet buys 5,419 BTC, lifting reserves to 25,555 BTC worth $2.7B.
    • The company has funded the BTC purchases through $1B+ share sales and equity offerings.
    • Metaplanet targets 210,000 BTC by 2027, cementing role as Asia’s largest holder.

    Metaplanet has once again expanded its Bitcoin (BTC) holdings, purchasing 5,419 BTC in a move worth more than $627 million.

    The acquisition, disclosed on September 22, lifts the Tokyo-listed company’s reserves to 25,555 BTC, valued at over $2.7 billion.

    With this purchase, the firm has re-entered the top five corporate Bitcoin holders, surpassing rivals such as Tesla and Coinbase, and has firmly established itself as Asia’s largest public holder of the digital asset.

    Metaplanet’s largest purchase to date

    Notably, the latest acquisition is the biggest single purchase in Metaplanet’s history. The company paid an average of roughly $115,900 per BTC, spending nearly 94 billion yen in total.

    The acquisition has increased its cumulative Bitcoin investments to 398.21 billion yen, or about $2.67 billion, with an average purchase price of just over $104,000 per BTC.

    The Chief Executive, Simon Gerovich, noted that the company’s Bitcoin Yield has surged to 395.1% year-to-date in 2025.

    The rapid pace of accumulation underscores just how aggressive Metaplanet has become in executing what it describes as its “Bitcoin-first” strategy.

    In mid-April this year, the firm held just 4,525 BTC. By June, it had already reached 10,000 BTC, months ahead of schedule. From 13,350 BTC at the end of June, Metaplanet has nearly doubled its reserves in less than three months.

    From hospitality to a Bitcoin powerhouse

    Metaplanet’s transformation has been dramatic. Once engaged in hospitality and media, the company has reinvented itself as a corporate Bitcoin treasury under Gerovich’s leadership.

    The company now positions itself as a regional counterpart to Michael Saylor’s Strategy, whose 638,985 BTC holdings dominate the corporate Bitcoin landscape.

    The strategy is ambitious. Metaplanet’s immediate target is 10,000 BTC by the end of 2025. By 2026, it aims to hold 100,000 BTC, before scaling to 210,000 BTC by 2027 — roughly 1% of Bitcoin’s fixed supply.

    To fund these moves, the firm has leaned heavily on capital markets. Earlier this month, it completed an international share sale that raised more than $1 billion, while in September alone, it issued 385 million new shares to raise $1.4 billion.

    Most of the proceeds are earmarked for Bitcoin purchases, linking investor funds directly to its treasury expansion.

    Market impact

    Despite the bold progress, Metaplanet’s share price dropped 1.64% on the day of the announcement, extending a 28% decline over the past month.

    Even so, the stock remains up more than 66% year-to-date, reflecting ongoing investor interest in its role as a proxy for Bitcoin exposure.

    The firm’s upgrade to mid-cap status by FTSE Russell this September has also strengthened its visibility, bringing passive inflows from global index funds.

    The broader market reaction was muted, with Bitcoin (BTC) itself slipping below $115,000 around the same time, dragged lower by technical resistance, whale activity, and regulatory headlines.

    Nevertheless, Metaplanet’s willingness to buy during periods of weakness underscores its conviction that Bitcoin is a long-term store of value rather than a short-term trade.

    Share this article
    Categories
    Tags

    Source link

  • CAKE price surges as PancakeSwap adds BTC & ETH predictions

    CAKE price surges as PancakeSwap adds BTC & ETH predictions

    PancakeSwap Price

    • PancakeSwap price jumped 6% to above $2.66 before slightly paring gains.
    • CAKE price has surged following the launch of BTC and ETH predictions.
    • A technical breakout and broader market sentiment suggest CAKE is on course for fresh gains.

    Decentralised exchange protocol PancakeSwap has seen its token CAKE surge amid increased volume as the DEX benefits from integration of Bitcoin and Ethereum into its Predictions Markets platform.

    CAKE price reached highs of $2.75 as trading volume rose 185% to over $129 million.

    PancakeSwap price rises as BTC & ETH predictions go live

    PancakeSwap’s token CAKE rose after the DEX platform officially launched its highly anticipated BTC and ETH Predictions feature on BNB Chain.

    According to details in a blog post, this move allows users to engage in price prediction markets for the two largest cryptocurrencies by market capitalisation.

    This is available directly from within the PancakeSwap platform’s ecosystem.

    The feature enables participants to forecast whether the prices of these assets will rise or fall over specified time frames.

    Participation typically ranges from minutes to hours, thus adding a layer of speculative excitement to the DeFi space.

    PancakeSwap’s predictions mechanism operates on a binary outcome model, where users stake CAKE tokens on their predictions.

    Successful forecasters earn rewards from the collective pool, while incorrect bets result in losses to the same pot, ensuring a balanced and engaging marketplace.

    This integration builds on PancakeSwap’s existing prediction tools, which previously focused on BNB Chain-native assets, but now extend to major cross-chain heavyweights like Bitcoin and Ethereum.

    As BTC and ETH “go live” on Predictions, PancakeSwap has reported a sharp uptick in platform activity.

    Trading volumes for prediction markets have seen a notable spike, while total value locked has increased to over $2.42 billion.

    CAKE is benefiting from the enhanced liquidity and interoperability, as well as broader market gains.

    CAKE price signals major rally

    In the three days following the BTC and ETH predictions launch, CAKE price saw a decent surge to $2.66.

    However, bulls failed to hold onto gains, and prices dropped to $2.43 before widespread gains across cryptocurrencies helped the PancakeSwap price rally.

    PancakeSwap price chart by TradingView

    The token’s utility in predictions, where CAKE is the primary staking asset, has contributed to the past 24 hours of price uptick.

    A look at the technical indicators, including the Relative Strength Index (RSI), give buyers an upper hand.

    The MACD is also hinting at a bullish and broader market sentiment is positive.

    In this case, bulls will target December 2024 highs of $4.20.

    However, if bears stand strong, they could aim for the key support area around $1.60.

    Share this article
    Categories
    Tags

    Source link

  • Michael Saylor’s Strategy buys the Bitcoin dip, adds 4,048 BTC

    Michael Saylor’s Strategy buys the Bitcoin dip, adds 4,048 BTC

    AI generated image for Bitcoin in a vault

    • The acquisition cost $449.3 million, with the company paying an average of $110,981 per coin.

    • Following the latest acquisition, Strategy’s total Bitcoin holdings rose to 636,505 BTC.

    • The company’s latest purchase follows a series of smaller acquisitions in August.

    Strategy, the world’s largest public company holding Bitcoin, led by Michael Saylor, disclosed in a US Securities and Exchange Commission filing on Tuesday that it purchased 4,048 Bitcoin between August 25 and September 1.

    The acquisition cost $449.3 million, with the company paying an average of $110,981 per coin.

    According to CoinGecko data cited in the filing, the purchases were made as Bitcoin prices briefly climbed above $113,000 before dropping below $108,000 last Friday.

    Strategy’s BTC bet

    Following the latest acquisition, Strategy’s total Bitcoin holdings rose to 636,505 BTC.

    The company has acquired its reserves for approximately $46.95 billion, at an average purchase price of $73,765 per coin.

    The company said the latest acquisitions were financed through proceeds from at-the-market sales of its Class A common stock (MSTR) as well as its perpetual preferred stock programs, including Strike (STRK), Strife (STRF), and Stride (STRD).

    Strategy reported that it sold 1,237,000 MSTR shares for $425.3 million, with $16.31 billion still available for issue under its at-the-market program.

    In addition, the company sold 199,509 STRK shares for about $19 million, with $20.39 billion remaining, 237,931 STRF shares for $26.5 million, with $1.8 billion remaining, and 12,973 STRD shares for $1 million, leaving $4.17 billion available.

    August buying activity slows

    The company’s latest purchase follows a series of smaller acquisitions in August.

    Strategy had announced the purchase of 3,081 BTC last week, along with earlier acquisitions of 430 BTC and 155 BTC in the same month.

    Combined with the most recent purchase, the company acquired 7,714 BTC in August, significantly lower than the 31,466 BTC bought in July.

    Saylor had signalled the likelihood of additional acquisitions ahead of the filing, posting an update to Strategy’s Bitcoin tracker over the weekend, saying Bitcoin was “still on sale.”

    The company also confirmed that a group of investors dropped a class action lawsuit on Thursday.

    The lawsuit, filed in May, alleged that Strategy had made false and misleading statements about its investment strategy.

    The BTC treasury race

    According to data from Bitcoin Treasuries, 163 public companies have adopted some form of Bitcoin acquisition model.

    Other large holders include MARA with 50,639 BTC, Tether-backed Twenty One with 43,514 BTC, Adam Back and Cantor Fitzgerald-backed Bitcoin Standard Treasury Company with 30,021 BTC, Bullish with 24,000 BTC, Metaplanet with 20,000 BTC, Riot Platforms with 19,239 BTC, Trump Media & Technology Group with 15,000 BTC, CleanSpark with 12,703 BTC, and Coinbase with 11,776 BTC.

     

    Share this article
    Categories
    Tags

    Source link

  • ETH outperforms BTC by 26% as a structural shift grips the crypto market

    ETH outperforms BTC by 26% as a structural shift grips the crypto market

    ETH outperforms BTC by 26% as a structural shift grips the crypto market

    • Traders now see a 26% chance of ETH hitting 5,000 dollars this month.
    • A “major liquidity floor” for ETH is being built by institutions.
    • ETH has gained 20% in 30 days, while Bitcoin has fallen 6%.

    A tectonic shift is reshaping the cryptocurrency landscape. While Bitcoin, the long-reigning king, stumbles under the weight of fading momentum and massive liquidations, a powerful rebellion is brewing.

    Ethereum is leading the charge, its price buoyed by a torrent of institutional capital and a fundamental re-allocation of liquidity that has traders now seriously betting on it conquering the coveted 5,000 dollar milestone this month.

    The growing conviction is quantifiable. On the prediction market Polymarket, the odds of ETH hitting 5,000 dollars have surged to 26%, a dramatic climb from just 16% a few days ago.

    This is not a rally built on fleeting hype, but on a deep and structural change in how capital is flowing through the digital asset ecosystem.

    The institutional bedrock

    At the heart of Ethereum’s ascent is a powerful vote of confidence from the market’s giants. 

    “Ethereum’s recent strength is mainly showcased by the level of flows into it, where a major liquidity floor has been built by institutions,” said March Zheng, General Partner at Bizantine Capital, in a note to CoinDesk.

    He added that the ETH/BTC price ratio was at a localized low, making a rebound overdue, and that this cycle is supported by stronger fundamentals like global stablecoin adoption and clearer regulation.

    This sentiment is echoed by industry leaders who see a market increasingly focused on real-world value. 

    “Markets react to headlines, but longer-term value is driven by fundamentals,” Gracie Lin, CEO of OKX Singapore, told CoinDesk. 

    “This is why Ethereum continues to show strength through real utility — even as prices pull back, big institutional moves like BitMine’s ETH accumulation prove there’s deep conviction in its role at the core of crypto.”

    A market in motion: the re-allocation of liquidity

    This isn’t just an Ethereum story; it’s a story about a market in motion. The market maker Enflux, in a note to CoinDesk, described a broad “structural reallocation of liquidity across the crypto landscape.” 

    Capital is actively rotating away from a stagnant Bitcoin and chasing new, emerging narratives. XRP has joined ETH in leading the majors, while assets like CRO are gaining traction following initiatives like Trump Media’s “Cronos Treasury.”

    Furthermore, the surge in trading volume on decentralized platforms like Hyperliquid, which surpassed Robinhood in July, highlights how speculative energy is now tilting toward crypto-native infrastructure.

    These are not just isolated trends; they are undercurrents of a fundamental shift in where the market sees future growth.

    The unsettled throne

    This altcoin uprising stands in stark contrast to the grim picture in the Bitcoin market.

    While trading at 111,733.63 dollars, its on-chain activity remains weak, and a staggering 940 million dollars in recent liquidations signal a dangerous fade in momentum.

    Over the past 30 days, while ETH has soared 20%, Bitcoin has fallen 6%.

    The divergence is clear, but the conviction is about to face a critical test. As Gracie Lin of OKX noted, “With new macro data like the US PCE coming in later this week, we’re about to see how that conviction holds up amidst volatility.” 

    The rebellion is underway, but the final battle for market dominance is yet to be fought.

    Share this article
    Categories
    Tags

    Source link