Ethereum is showing strong momentum after the U.S. Federal Reserve cut interest rates by 0.25%. While most markets reacted modestly, ETH gained around 2.2% in the past 24 hours and is now trading above $4,600. Technical charts highlight a bullish cup and handle pattern, with a breakout level near $4,765. If sustained, this setup points to a potential rally toward $5,430. On-chain metrics further support the bullish case. Data from Santiment shows Ethereums Spent Coins Age Band which measures selling activity has dropped sharply. ETH spent fell from about 257,000 on September 17 to just...

Binance founder Changpeng Zhao (CZ) has issued a major security alert to the crypto community, warning about the sophisticated tactics used by North Korean hackers. Taking to his X account, CZ described these cybercriminals as advanced, creative, and patient, urging crypto users and companies to remain vigilant. According to Zhao, one of the most common methods hackers use is posing as job applicants, especially for roles in development, finance, or cybersecurity. By infiltrating companies through recruitment, they gain access to sensitive systems. Hackers also impersonate employers...

Bitcoin and other leading cryptocurrencies resumed their upward momentum following the Federal Reserves 25 basis point rate cut to 4% on Wednesday. Analysts had predicted a slow grind higher, and bitcoin quickly surged past $117,900, its highest level since mid-August. The move marks a continuation of recovery from early September lows near $107,200. Ethereum gained 2.7% but remains within a narrowing four-week trading range, while altcoins such as Solana, Dogecoin, BNB, and XRP jumped 34%. Solana briefly topped $245, boosted by the CME Groups announcement that it will launch SOL and XRP...

BDACS has officially launched KRW1, a South Korean won-backed stablecoin, following the successful completion of a proof of concept that validated its technical readiness. Each KRW1 token is fully collateralized with won held in escrow at Woori Bank, with real-time API integration ensuring verifiable proof of reserves. Woori Bank directly participated in the pilot, underscoring the role of banks in stablecoin ecosystems. KRW1 debuted on the Avalanche blockchain, chosen for its scalability and reliability. Ava Labs, Avalanches developer, said the pilot highlights demand for a high-performance...

DBS Group has joined forces with U.S. asset manager Franklin Templeton and blockchain firm Ripple to expand tokenised finance for accredited and institutional investors. The collaboration introduces trading and lending services on the DBS Digital Exchange using Franklin Templetons tokenised money market fund and Ripples U.S. dollar stablecoin, RLUSD. Singapores largest bank confirmed it will list Franklin Templetons sgBENJI token, which represents units of the tokenised U.S. dollar money market fund, alongside Ripples RLUSD stablecoin. This setup enables investors to seamlessly swap between...

SOMI is trading near $1.30, gaining almost 5% in the last 24 hours and 10% over the week. Despite these gains, the token remains volatile, showing sharp rebounds and corrections in short windows. Just yesterday, Somnia briefly touched $1.53 before pulling back, highlighting persistent selling pressure. However, technical and on-chain signals now point toward a potential rebound. The Smart Money Index (SMI), which tracks moves by seasoned traders, has formed a higher high since September 13. This suggests renewed interest from traders targeting short-term rebounds. For confirmation, the SMI...

In a landmark move, the U.S. Securities and Exchange Commission (SEC) has approved generic listing standards for cryptocurrency exchange-traded funds (ETFs). This change eliminates the need for case-by-case approvals, enabling issuers to launch crypto ETFs more efficiently, provided they meet regulatory criteria. The decision follows proposals from Nasdaq, CBOE, and NYSE Arcamajor exchanges used by ETF issuers. By approving these standards, the SEC aims to streamline the process for Commodity-Based Trust Shares, which cover digital assets classified as commodities. This could pave the way for...

Solanas recent bullish momentum hit a pause with a sudden market downturn, yet investor confidence remains strong. Despite todays pullback, institutional and retail traders continue to show optimism toward Solanas long-term potential. Data from Coinglass reveals that open interest in Solana futures on CME surged more than 6% in just 24 hours, with users committing approximately $1.91 billion worth of SOL on the exchange. The spike in futures activity coincides with CME Groups announcement of upcoming Solana derivatives products. The exchange confirmed plans to introduce SOL options contracts...

MoneyGram, the global leader in money transfers, has rolled out a revamped mobile app built on blockchain technology and U.S. dollar-pegged stablecoins. The company announced that customers in Colombia, where it operates over 6,000 retail locations, will be the first to use the app to receive and store stablecoin payments. Expansion to other markets is expected soon. Colombia was chosen as the launch market due to its high volume of inbound remittances and economic instability. Families receive more than 22 times the money they send abroad, while the Colombian peso has lost over 40% of its...

XRP is drawing fresh attention from traditional finance as new investment products emerge across securities and derivatives markets. The token, trading at around $3.02 according to CoinDesk Data, is set to reach U.S. brokerage accounts in new ways, expanding beyond bitcoin and ether offerings. On Sept. 18, REX Shares and Osprey Funds will list the first U.S.-traded exchange-traded funds (ETFs) tied to XRP and Dogecoin (DOGE) on the Cboe BZX Exchange, under tickers XRPR and DOJE. While not entirely pure spot ETFs, the funds will hold XRP and DOGE directly, along with other non-U.S. ETFs. Their...