Schlagwort: crypto business

• Solana (SOL) has dropped by more than 6% in the past 24 hours.
• The altcoin has broken below $200 as macroeconomic headwinds intensify.
• This brings the losses for the week to 13%, with Solana now poised near support at $190.

As cryptocurrencies struggle to hold onto gains, Solana’s price has plummeted 6% in the past 24 hours.

The losses mean the altcoin is now below the psychologically significant $200 threshold, with bulls giving up gains from earlier in the month when SOL rose to near $240.

This sharp decline builds on a gruelling week where SOL has shed more than 13% overall.

As the chart below shows, paring gains has Solana price teetering on the edge of a critical support zone.

Risk-off sentiment, catalysed by a fresh escalation in the US-China trade tension, has also impacted all top coins.

Bitcoin has dropped to near $110,000 again, while Ethereum is testing the $4,000 mark.

Is SOL poised for a retest of $150?

SOL mirrors the overall financial markets’ outlook.

A positive resolution of the trade tensions could act as a catalyst, potentially restoring confidence and halting the slide.

For now, SOL’s weakness is evident. The token is testing the $190 support level on the daily chart — a zone that has shown resilience in recent sessions but remains fragile.

A breakdown from here could trigger another leg lower, setting up a retest of $170 — last week’s low when SOL tumbled from $222.

If selling pressure intensifies, even that buffer may fail, exposing the token to a deeper slide toward $150.

Technical indicators such as the daily RSI and MACD currently favour the bears, reinforcing the downside risk.

What could help Solana bulls?

Market sentiment offers a sliver of optimism, however.

The Crypto Fear & Greed Index has edged up from “extreme fear” to a more tempered “fear” following dovish comments from Federal Reserve Chair Jerome Powell.

His remarks hinted at the likelihood of two additional interest rate cuts this year, a development broadly bullish for risk-on assets, including cryptocurrencies.

Lower rates could ease borrowing costs, stimulate economic activity, and funnel fresh liquidity into digital assets.

Historically, the fourth quarter has been crypto’s strongest stretch — a seasonal tailwind that could help cushion SOL’s downside, particularly if global trade tensions ease.

Fueling optimism further is mounting anticipation around a potential spot exchange-traded fund (ETF) approval.

Expectations are running high that such a move could unlock billions in institutional inflows, validating Solana’s growing maturity and providing a more structural bid for price stability.

A sustained breakout above the $200 level would likely invalidate the prevailing bearish outlook.

If that happens, bullish momentum could drive SOL toward the $280 and $300 resistance zones.

The post Solana price forecast: SOL risks bearish flip amid 6% dip appeared first on CoinJournal.

• Deal includes $32.5 million cash and $67.5 million in Payward stock.
• Acquisition grants Kraken CFTC-licensed access to US derivatives market.
• Kraken strengthens position ahead of planned IPO in early 2026.

Kraken has acquired the US-licensed Small Exchange from IG Group in a $100 million deal, as the crypto exchange strengthens its push into regulated derivatives trading.

The acquisition, which includes $32.5 million in cash and $67.5 million in Payward stock — Kraken’s parent company — gives the exchange the ability to offer perpetual futures and round-the-clock trading directly to US customers under regulatory oversight.

Kraken gains CFTC-licensed access to US derivatives market

The Small Exchange is registered with the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM).

This means Kraken can now operate within the US regulatory framework and offer futures trading without routing activity through third-party venues.

The move will allow the exchange to integrate clearing, risk, and matching services into a single environment that adheres to the same standards as major global exchanges.

This acquisition represents a major step for Kraken’s expansion strategy.

The company already holds similar regulatory permissions in the UK and the EU and recently purchased the retail futures trading platform NinjaTrader for $1.5 billion.

That deal enabled the firm to provide CME-listed futures across crypto, equities, and commodities, expanding its global derivatives footprint.

IG Group secures profit and ongoing partnership

For IG Group, the sale of Small Exchange marks a strategic exit from its US derivatives operations.

The $100 million deal is expected to generate a post-tax gain of £73.3 million and increase IG’s regulatory capital by £22.7 million.

Despite divesting its ownership, IG will continue to collaborate with Kraken through a partnership agreement that ensures access to product distribution opportunities linked to the exchange’s derivatives offerings.

This decision aligns with IG’s broader goal of focusing on growth in other regions.

The company recently strengthened its crypto operations by acquiring Independent Reserve, an Australian cryptocurrency exchange, and securing a cryptoasset licence from the UK Financial Conduct Authority.

Move comes ahead of planned IPO

Kraken’s acquisition comes at a time when the exchange is preparing for an initial public offering, expected as early as the first quarter of next year.

The move to own a US-licensed futures exchange could help position the company more favourably with investors and regulators ahead of its listing.

The US regulatory environment for crypto firms has also become more flexible under President Donald Trump’s administration.

Several enforcement cases, including some involving Kraken, have been dropped or paused while new rules governing the digital asset sector are being developed.

The post Kraken looks to expand US derivatives business with $100M IG deal appeared first on CoinJournal.

• Morpho price has bounced to near $2 as bulls eye more gains.
• The Ethereum Foundation’s investment reinforces Morpho’s position as a leader in DeFi.
• Rising whale activity and positive technical signals suggest a favorable environment for MORPHO to challenge the $2 resistance level in the near term.

Morpho (MORPHO), a leading decentralized finance (DeFi) protocol, sees its native token’s price hover near $2 amid a likely breakout after a strategic move by the Ethereum Foundation.

Notably, the Ethereum Foundation has taken a key step in signalling its commitment to open-source and permissionless innovation with backing for DeFi on Morpho.

What does this mean for MORPHO’s price?

Ethereum Foundation deposits 2,400 ETH into Morpho vaults

The Ethereum Foundation has deposited 2,400 Ether (ETH) into Morpho vaults. As announced on Wednesday, Oct. 15, the EF also noted a $6 million deposit in stablecoins into Morpho’s yield-bearing vaults.

This move strengthens the Ethereum Foundation’s active participation in the DeFi landscape, with Morpho’s commitment to Free/Libre Open Source Software (FLOSS) principles key.

This deployment builds on prior investments in platforms like Spark, Aave, and Compound, pointing to broader support for liquidity and yield generation.

New deposits from @ethereumfndn into Morpho

🦋 1,200 ETH into @gauntlet_xyz WETH Prime Vault
🦋 1,200 ETH into @steakhousefi ETH Vault
🦋 2M USDC into @gauntlet_xyz USDC Prime
🦋 4M USDC into @SteakhouseFi USDC

— Morpho 🦋 (@MorphoLabs) October 15, 2025

Recently, in an update that introduced Vault Summit by Morpho, the team noted:

“Vaults are the future of an open, transparent, and productive financial system – what stablecoins did for money, vaults will do for asset management.”

MORPHO price outlook: bull’s-eye breakout above $2

MORPHO is currently trading at $1.93, up about 3% as bulls target gains.

That’s after the uptick that followed the backing by the Ethereum Foundation.

While it has not ignited significant bullish sentiment, analysts suggest a potential breakout above the $2 psychological barrier is on the cards.

Notably, the influx of capital and heightened visibility could bolster demand for Morpho’s unique lending architecture.

The governance model incentivizes user participation through the MORPHO token, and its price could target the all-time peak above $4.17 reached in January 2025.

Shrinking bearish pressure has already seen MORPHO price bounce by over 200% since its all-time low of $0.63 reached amid the bloodbath on October 11, 2025.

Should MORPHO sustain momentum and close above $2, targets near $2.85 could be the first marker of bullish strength. The $3 level will be in sight.

Despite the potential for an uptick, short-term volatility remains a risk, and the critical support level could be at $1.30 and then $1.

The post Morpho price outlook: why bulls are locked on breakout above $2 appeared first on CoinJournal.

• Thumzup Media Corporation says it’s looking at the integration of Dogecoin as an ecosystem reward token.
• Rollout will be phased, but no timeline so far.
• The news has attracted fresh interest in the DOGE price.

Thumzup Media Corporation has unveiled plans to incorporate Dogecoin into its rewards ecosystem, potentially revolutionizing how users monetize content creation.

News of this potential integration comes as the digital asset-focused firm builds on its strong traction across the industry.

Major anticipation around the launch of spot Dogecoin exchange-traded funds has also put DOGE among the top trending cryptocurrencies.

Thumzup eyes Dogecoin integration: What is it about?

Nasdaq-listed Thumzup is a pioneering force in the digital advertising sector.

The company announced on October 15, 2025 that it is exploring Dogecoin (DOGE) integration as an alternative payout option within the Thumzup mobile app.

Thumzup is actively exploring and developing the integration of Dogecoin as an alternate payout mechanism for users of the Thumzup app.

Dogecoin’s speed, low fees, and community appeal make it a natural fit for Thumzup’s reward ecosystem. 🐕

Dive into the press release:… pic.twitter.com/eyc1Nvq0Fr

— Thumzup Media Corporation (@thumz_up) October 15, 2025

As a strategic initiative, the move aims at enhancing the platform’s rewards system. Thumzup already empowers users to earn cash for posting authentic content about advertisers’ products.

By introducing DOGE, Thumzup seeks to complement its fiat-based model with a cryptocurrency option, fostering greater accessibility and efficiency for creators worldwide.

The decision to pursue Dogecoin stems from its inherent advantages: rapid transaction speeds, minimal fees, and a vibrant global community.

It is these attributes that make DOGE particularly suitable for Thumzup’s pay-per-post framework, where micro-payments are frequent and low-value.

Unlike traditional banking systems, which often impose high costs and delays on cross-border transfers, Dogecoin enables near-instant settlements.

“Exploring Dogecoin integration is an important next step in our journey to create a scalable, low-friction rewards engine,” said Robert Steele, chief executive officer of Thumzup. “If successful, this change could improve our unit economics and increase appeal to a broader, crypto-friendly creator base.”

While no definitive rollout timeline has been set, Thumzup plans a phased approach involving technical validation, regulatory compliance, and pilot programs.

DOGE price prediction amid institutional interest

Thumzup’s latest news aligns with greater crypto adoption across the ecosystem, and treasury strategy developments fuel this traction.

For Thumzup, holdings include Bitcoin, Litecoin, Solana, and Ethereum.

As Thumzup ramps up its crypto foray, potential integration of Dogecoin for user rewards could be a key catalyst for price gains.

DOGE traded around $0.20 on Wednesday. While the price was 20% down over the past week, it rose green on the day amid the integration news.

In the current cycle, macroeconomic tailwinds for altcoins have included institutional interest amid spot ETF and treasury strategy moves.

The launch of the REX-Osprey DOGE ETF, with ticker DOJE, in September highlighted this potential. Filings by multiple ETF issuers add to this outlook. If prices rise further, the main target will be the $1 mark.

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