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Crypto markets edged lower on Thursday as investors seemed to take a wait-and-see approach on macro updates.Crypto markets shed 3.4% today, Oct. 9, with total market capitalization dropping below $4.2 trillion, as traders wait for fresh macroeconomic cues from U.S. data later this week.Bitcoin (BTC) lost nearly 3% over the past 24 hours and is trading around $120,300, bringing its weekly gains to just 0.4%. BTC 1-week price chart. Source: CoinGeckoEthereum (ETH) is down over 5%, slipping to near $4,300. Commenting on ETH’s price, Shawn Young, chief analyst of MEXC Research, told The Defiant that at current levels, renewed accumulation…

Global central banks have been increasing their gold reserves over the past few years in a trend that may have major implications for Bitcoin, according to a recent report from Deutsche Bank.Gold’s share of central bank reserves reached 24% in the second quarter of the year, its highest share since the 1990s, Deutsche Bank strategists reported Thursday.With official demand for gold running at twice the pace of the 2011–2021 average, some Deutsche Bank analysts see growing parallels between gold and Bitcoin (BTC), which has seen a record-breaking performance in 2025.The renewed gold accumulation marks a significant shift in global finance,…

Join Our Telegram channel to stay up to date on breaking news coverage Arthur Hayes says the four-year Bitcoin cycle is dead and the current bull run can continue, powered by abundant liquidity. As the four-year anniversary of the current cycle approaches, traders have been questioning whether this bull run is ending, but BitMEX co-founder Hayes says past cycles ended because of monetary tightening, not the cycle. Hayes sees Fed rate cuts and easing in China and other nations as factors that will continue supporting Bitcoin’s bull market. “Listen to our monetary masters in Washington and Beijing,’’ he said in…

South Africans can now pay with cryptocurrency at thousands of retail stores nationwide, following a new partnership between QR payments provider Scan to Pay and Bitcoin payments company MoneyBadger.According to a Tech Central report, the integration allows users of major exchanges, including Binance, Luno, Blink and VALR, to pay using Bitcoin (BTC), stablecoins and other crypto assets at over 650,000 Scan to Pay-enabled merchants.Crypto holders can pay for their purchases through QR codes at checkout counters, while the merchants will receive their settlements in rand. The system works through the MoneyBadger platform, linking payments to users’ exchanges or Bitcoin Lightning…

James Ding Oct 10, 2025 05:43 TRX trades at $0.34 with a 1.03% decline as the token consolidates above its 200-day moving average while shorter timeframes signal potential weakness ahead. Market Overview TRX is currently trading at $0.34, marking a 1.03% decline over the past 24 hours with trading volume reaching $87.5 million. The token finds itself in a critical technical position, trading below both its 20-day and 50-day moving averages while maintaining support above the longer-term 200-day moving average at $0.30. This configuration suggests a consolidation phase with mixed signals across different…

China stepped up rare earth export controls on Thursday in a rare move that could have widespread implications for global supply chains and both traditional and crypto market sentiment.China’s Ministry of Commerce announced sweeping new export restrictions on rare earth materials, processing technologies and derivative products used in semiconductors, AI systems and defence.The new rules, set to take effect on Dec. 1, will require foreign companies exporting products containing Chinese-origin rare earth elements or related technologies – including those outside China – to obtain a dual-use license from the Ministry of Commerce (MOFCOM).This is a major escalation as China dominates…

A confidential draft bill circulating among Senate Democrats proposes sweeping new oversight of DeFi, extending Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) duties to DeFi interfaces, validators, and even node operators.According to reports, the leaked bill was intended as the Democrats’ counterweight to the House-backed market-structure bill. However, internal backlash has reportedly stalled those broader discussions inside the Senate Banking Committee.Under the leaked framework, all DeFi applications enabling financial transactions must implement front-end KYC controls, potentially including browser-based wallets and liquidity interfaces.The leaked language also places new responsibility on oracle operators, potentially exposing them to enforcement if price feeds are linked to…

What is Bitcoin mining? Bitcoin mining is the process that keeps the BTC network secure and operational.Bitcoin (BTC) miners collect pending transactions, bundle them into blocks and repeatedly perform hashing attempts (trial and error) until they produce a hash that meets the network’s difficulty target.The first miner to find a valid solution broadcasts their block. Once the rest of the network verifies it, that miner earns a reward.If another miner solves the block before you, your result becomes invalid, known as a “stale block,” and you must start over with a new set of transactions for the next block.As of…

The SEC finally cleared the road to fast-track altcoin ETFs, but a government shutdown may keep applications for a ADA$0.8186 ETF stuck in limbo until 2026 – and bettors on Polymarket are undervaluing that.After scrapping 19b-4 filings and approving “generic listing standards” to fast-track altcoin ETFs, traders are betting 90% odds that ADA’s ETF approval would arrive by year-end 2025. But with a 36% chance of a month-long government shutdown, that 10% “No” side may prove the smarter play as even “absurdly fast” approvals can’t happen when the lights are out.According to the SEC’s contingency plan, only about 390 of…

What to Know: Arthur Hayes predicts Bitcoin’s traditional four-year cycle is officially over Fed rate cuts and global liquidity expansion create unprecedented bullish conditions Bitcoin Hyper presale surges past $22.9M as investors position for new market paradigm Arthur Hayes, the crypto billionaire pardoned by President Trump, just dropped a manifesto declaring Bitcoin’s sacred four-year cycle officially deceased. RIP to the most reliable pattern in crypto, apparently. In his latest Substack post, dramatically titled Long Live the King, the former BitMEX boss argues that everything we thought we knew about Bitcoin’s cyclical behavior is misguided. The macroeconomic tea he’s spilling actually…