Connect with us

Bitcoin

FOMC Rate Cut Fuels Crypto Market Optimism as BNB Nears $1,000

Published

on

The Federal Open Market Committee’s (FOMC) recent 25 basis points rate cut, announced on September 18, 2025, has sparked widespread optimism in the cryptocurrency market, creating a stable yet bullish environment for high-risk assets. Bitcoin (BTC) is trading steadily at around $117,000, with open interest approaching $85 billion, though analysts note a potential dip to $115,000. Ethereum (ETH) climbed 0.7% to above $4,500, driven by a Layer-2 total value locked (TVL) surpassing $40 billion and weekly ETF inflows exceeding $1.2 billion.

XRP rose 1.6% to $3.07, with institutional interest surging as CME options volume doubled to $15 billion, potentially pushing it toward $3.20. Solana (SOL) remains a top performer alongside BTC, ETH, and XRP. Binance Coin (BNB) is nearing $1,000, supported by a 10% TVL increase to $7.8 billion on Binance Smart Chain. The crypto market cap has soared to an all-time high of $4.2 trillion, with DeFi at $170 billion and daily DEX volumes up 5% to $2.5 billion post-rate cut, reflecting robust investor confidence. This environment could drive 20-30% gains in the coming weeks, but investors should monitor future FOMC updates for sustained momentum.

Bitcoin

Strategy (MicroStrategy) Adds 250 Bitcoin, Holdings Reach 848,250 BTC

Published

on

Strategy, Inc. (Nasdaq: MSTR), the company led by Executive Chairman Michael Saylor, acquired an additional 250 bitcoin for approximately $21.5 million between October 5 and October 11, 2026, at an average price of $86,194 per coin (including fees and expenses). The purchase brings the firm’s total holdings to 848,250 BTC.

The company funded the acquisition primarily through net proceeds of about $21 million from at-the-market sales of 125,183 shares of its Class A common stock (MSTR), with the remaining roughly $0.5 million drawn from its USD cash balance. No preferred stock was sold during the period. Strategy’s cumulative bitcoin investment now stands at roughly $64 billion, acquired at an average cost basis of approximately $75,444 per coin. At recent market prices, the holdings represent more than 4% of Bitcoin’s fixed 21 million supply cap and carry substantial unrealized gains.

In the same weekly update, Strategy reported repurchasing 1,932,145 shares of its STRC preferred stock (Variable Rate Series A Perpetual Stretch Preferred Stock) for an aggregate of about $192.4 million. The company maintains a large USD reserve—previously reported near $4.88–$5.5 billion—to support preferred stock dividends and interest payments on outstanding debt. Additional cash balances remain available for treasury activities, including further bitcoin purchases.

Saylor highlighted the latest acquisition on X with the familiar phrase “There’s always room for more orange,” continuing his long-running pattern of signaling accumulation. Strategy remains the largest publicly traded corporate holder of bitcoin. The move occurred against a backdrop of elevated volatility, with bitcoin trading in the roughly $81,000–$84,000 range around October 12 after earlier strength above $84,000.

The latest purchase marks continued, if more modest, weekly accumulation following larger buys in prior weeks. Strategy has paired ongoing bitcoin treasury expansion with active capital management, including preferred-stock repurchases, while relying on equity issuance and existing cash reserves to fund purchases.

Continue Reading

DeFi

DeFi4 hours ago

Bitcoin Drops Below $81,000 as Hotter U.S. CPI Revives Rate-Hike Fears and Asian Equities Tumble

Bitcoin fell sharply below $81,000 in early Asian trading on October 15, 2026, extending losses after a hotter-than-expected U.S. September...

DeFi1 day ago

U.S. Spot Bitcoin and Ethereum ETFs See Significant Weekly Outflows

U.S.-listed spot Bitcoin ETFs recorded roughly $681 million in net outflows over the trading week of October 5–9, 2026—the largest...

DeFi1 day ago

Binance Rolls Out AI Trading Interface Globally After 150,000-User Beta

Binance launched its free Binance AI personalized trading interface to all English-language users on October 12, 2026, following a beta...

DeFi1 day ago

Ethereum Foundation-Linked Wallets Transfer 4,393 ETH (~$11 Million) to Kraken

On October 12, 2026, two wallets historically linked to the Ethereum Foundation transferred a combined 4,393 ETH—valued at approximately $11.13...

DeFi1 day ago

TRON Q3 2026 Report: $2.21 Trillion in Stablecoin Settlement Volume

TRON’s State of TRON Q3 2026 report, released in mid-October, highlighted $2.21 trillion (precisely $2.2126 trillion) in stablecoin settlement volume...

DeFi2 days ago

South Korea Blocks Domestic Access to 27 Unregistered Crypto Exchange Websites, Including KuCoin and MEXC

South Korea’s Financial Intelligence Unit (FIU), under the Financial Services Commission, announced on October 13, 2026, that domestic access would...

DeFi2 days ago

Bitcoin Drops Below $82,000 Amid $770M+ in Liquidations as Volatility Spikes

Bitcoin fell sharply on October 12, 2026, sliding below $82,000 and triggering more than $770 million in cryptocurrency liquidations, the...

DeFi3 days ago

Bitcoin Holds Above $84,000, Shrugging Off Heavy ETF Outflows as Oil Declines

Bitcoin rebounded to trade near or above $84,000 on Monday, October 12, 2026, recovering from earlier dips toward the low...

Crypto6 days ago

ESMA gives EU crypto firms three months to exit non-MiCA stablecoins

The European Securities and Markets Authority on 8 October told national supervisors that MiCA-authorised crypto firms should stop providing services...

DeFi7 days ago

Uptober stalls ahead of the Fed minutes

Seasonality lost to bonds. October has been positive for bitcoin in 10 of the past 13 years, and 21Shares had...

Advertisement

Trending