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Key takeaways:Binance’s new “Meme Rush” launchpad promotes fair launches but triggered a sell-off as traders await new launches.A single wallet controlled large token amounts, fueling manipulation concerns and steep price declines.Low liquidity and inflated volumes amplified the memecoin sell-off across the BNB Chain ecosystem.Multiple BNB Chain memecoins tumbled more than 30% on Thursday after posting strong gains earlier in the week. The sell-off occurred as BNB (BNB) itself recorded its first-ever $100 single-day price drop, falling to $1,246 at the time of writing. Is this the end of the BNB Chain memecoin frenzy — and were there any early signs…

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Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price dropped 1% in the last 24 hours to trade at $121,453 as of 4 a.m EST on a 27% decrease in trading volume to $59.41 billion. This comes after trader Peter Brandt told his 810k followers on X that Bitcoin could experience a dramatic surge soon, possibly exploding as high as $185,000 per coin. But he also cautioned that the top of the cycle might be near, and a reversal could follow if Bitcoin fails to break its usual cycle pattern this week. Veteran…

Ripple (XRP) climbed to $3.10 last week, but a wave of profit-taking erased the gains and pushed it back to $2.80. But the crypto asset is showing powerful breakout signals, with key Fibonacci supports holding firm. Crypto analyst CasiTrades believes XRP may be on the verge of a major breakout, citing strong technical signals and a completed consolidation pattern that could set the stage for an impulsive upward move. XRP Breakout Brewing According to her analysis on X, XRP’s recent price action shows strength, as all local lows have held above the macro 0.5 Fibonacci retracement level at $2.79, a…

Binance open interest fell from $15.07B to $13.88B in three days, suggesting reduced leverage and caution after BTC’s rally to a new ATH. Today, the price of Bitcoin (BTC) fell back to about $120,000 after trying and failing to stay above $124,000. At the same time as this movement, open interest on Binance fell by 7.9%, with analysts describing it as an important metric showing traders are closing their positions and being more careful after the asset’s recent rise to a new all-time high (ATH). Open Interest Declines as Bulls Step Back Open interest in derivatives trading is the…

Crypto exchange Coinbase and payments giant Mastercard have each held advanced acquisition talks to buy BVNK, a London-based fintech that builds stablecoin payment infrastructure, according to six people familiar with the matter who spoke with Fortune.The discussions have not been finalized, but several of the sources told Fortune that the potential sale price is between $1.5 billion and $2.5 billion. The talks may still fall apart, yet Coinbase appears to be ahead of Mastercard at this stage, three of the sources told Fortune.If completed, the acquisition would be the largest stablecoin-related deal yet, signaling how mainstream financial and crypto firms…

Luxembourg has become the first country in the Eurozone to invest in Bitcoin through its sovereign wealth fund, allocating 1% of its $730 million Intergenerational Sovereign Wealth Fund (FSIL) to Bitcoin exchange-traded funds (ETFs), Finance Minister Gilles Roth announced on Oct. 9 during the 2026 national budget presentation.The investment marks a milestone for the nation’s financial strategy, reflecting a gradual shift toward diversified, innovation-driven asset management.Roth said the move aligns with the FSIL’s revised framework approved in July 2025, which now permits up to 15% of its portfolio to be allocated to alternative assets, including private equity, real estate, and…

After a highly successful launch, the XPL token has fallen almost 50% from its opening week high.Stablecoin-focused Layer 1 blockchain Plasma debuted its XPL token two weeks ago, and following an impressive post-TGE surge to a $17 billion fully diluted valuation (FDV), the token has since been bleeding.XPL launched on Sept. 25 and doubled from its opening price of roughly $0.8 to a high of $1.67 in the following days, rewarding ICO participants with a 3300% return on their investments.However, since that peak, the token has struggled and currently trades at $0.87, or an $8.7 billion valuation, a 47% drop…

Jack Dorsey, founder of payments company Square, has urged the introduction of a de minimis tax exemption on small Bitcoin (BTC) transactions to help make the cryptocurrency more suitable for everyday payments.“We want Bitcoin to be everyday money ASAP,” Dorsey said on Wednesday, following Square’s integration of Bitcoin payment services for merchants using the company’s checkout and point-of-sale systems.His comments drew attention from Wyoming Senator Cynthia Lummis, who introduced a de minimis tax provision as part of a standalone crypto tax bill in July, exempting BTC transactions $300 or under from capital gains tax with an annual exemption cap of…

In today’s “Crypto for Advisors” newsletter, Joshua De Vos, research team lead at CoinDesk, breaks down crypto trends and adoption from the CoinDesk Quarterly Digital Asset Report.Then, Kim Klemballa answers what advisors need to know about crypto “Ask an Expert.”Thank you to our sponsor of this week’s newsletter, Grayscale. For financial advisors near Denver, Grayscale is hosting an exclusive event, Crypto Connect, on Thursday, October 23. Learn more.– Sarah MortonDigital Asset Quarterly Review Q3Digital assets extended their recovery in Q3 as liquidity returned to global markets. As stated in CoinDesk’s Digital Assets Quarterly Report, the Federal Reserve’s decision to cut rates…