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Ethereum price started a recovery wave from $3,700. ETH is moving higher but faces a couple of key hurdles near $3,850 and $3,920. Ethereum started a fresh recovery above $3,750 and $3,800. The price is trading below $3,850 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $3,850 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it trades above $3,920. Ethereum Price Dips Again Ethereum price started a minor recovery wave from the $3,700 zone, like Bitcoin. ETH price surpassed the $3,750…

Russia has officially unveiled a sweeping legal framework to integrate crypto into its foreign trade system, a move widely seen as a direct response to mounting Western sanctions. Related Reading The Ministry of Finance and the Central Bank have agreed to legalize crypto settlements for international trade, allowing Russian exporters and importers to transact in Bitcoin and other digital assets. This follows an experimental legal regime introduced in September, which tested crypto use for cross-border settlements. BTC’s price trends to the downside on the daily chart. Source: BTCUSD on Tradingview Russia Moves to Legalize Crypto for International Trade Under the…

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin BTC$109,445.43 has held above $100,000 for four consecutive months, a price stability that can be interpreted as the formation of a solid base for the next upward move. However, a major volume indicator, used to confirm price trends, shows a contrasting signal.The indicator under consideration is the On-Balance Volume (OBV), described as the “grand daddy” of all volume indices by Charles D. Kirkpatrick II and Julie R. Dahlquist in their book Technical Analysis: The Complete Resource for Financial Market Technicians.”On-Balance Volume (OBV) is a running total of…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

Hyperliquid Strategies is doubling down on its Hyperliquid treasury plan, filing papers to raise up to $1 billion to purchase more tokens powering the world’s largest decentralized derivatives platform.According to its S-1 registration statement with the US Securities and Exchange Commission on Wednesday, Hyperliquid Strategies unveiled its plan to offer up to 160 million shares of common stock to fund additional Hyperliquid (HYPE) purchases as well as other corporate expenses.Chardan Capital Markets is serving as its financial adviser for the offering.Source: CointelegraphHyperliquid Strategies is a pending merger entity formed by Nasdaq-listed biotech firm Sonnet BioTherapeutics and special purpose acquisition company Rorschach…

In brief Paxos mistakenly minted 300 trillion PYUSD tokens last week before burning them 24 minutes later in what the company on Wednesday called an “internal technical error” that never left its systems. The Paxos co-founder said “the mistake was entirely ours” and blamed rarely-used manual operational processes designed for “very secure cold minting processes” for the error in the amount minted. The incident comes as Paxos seeks a national trust charter from the OCC under the GENIUS Act, with critics questioning whether the company should receive federal banking authority after the $300 trillion blunder. On Wednesday, Paxos Chief Executive…

In the fast-evolving age of artificial intelligence, computing power has become the world’s most valuable digital resource.AI model training, inference, and optimization require massive computational capacity — yet the high cost of hardware and complex maintenance have kept most individuals out of reach.FiveCrypto was created to change that.By merging AI, blockchain, and digital computing contracts,it enables everyone to participate safely, transparently, and efficiently in the global AI economy —earning real, sustainable rewards from AI computing.💡 What Is FiveCrypto?FiveCrypto is a UK-based, globally compliant AI computing and model training platform holding multiple international licenses, including FAC / PSAN / FinCEN MSB.The…

ARK Invest-backed Quantum Solutions has emerged as the largest Ether digital asset treasury outside of the United States after accumulating $9 million worth of ETH in a week. Quantum Solutions’ founder, Francis Zhou, announced the company’s latest Ether (ETH) purchase on Thursday.  “I’m proud to announce that we have accumulated 2,365 ETH in just seven days, officially making Quantum Solutions the largest ETH DAT outside the US,” said Zhou, adding that more Ether buys were coming.The company said it has become Japan’s leading publicly listed Ether DAT and the 11th-largest globally, citing figures from CoinGecko. Quantum Solutions also has a small Bitcoin (BTC)…

The sports betting giant will use the decentralized prediction market as its financial intermediary.DraftKings, one of the leading sports betting platforms in the United States, is entering the prediction markets space and tapping Polymarket Clearing as its official clearing house.Polymarket founder Shayne Coplan made the announcement today via X, where he posted, “Congrats to @DraftKings on their acquisition of @RailbirdHQ. We’re proud for Polymarket Clearing to be their designated clearinghouse as they enter the prediction market space.”Clearing houses act as intermediaries between buyers and sellers within a market, meaning that Polymarket’s infrastructure will serve as the backend for DraftKings’ new…

WazirX, once India’s largest cryptocurrency exchange by volume, will resume operations on October 24, per an email sent to creditors.That ends more than a year of uncertainty for thousands of creditors left in limbo after one of the most dramatic collapses in the country’s crypto history, which saw over $230 million worth of various tokens getting stolen from the exchange. The restart follows a Singapore High Court–approved restructuring under Zettai Pte. Ltd., WazirX’s parent company, which received near-unanimous backing from creditors earlier this year.That was the final step in a process that began after a massive security breach last year…