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Russia hopes for a consensus declaration at the upcoming BRICS summit, with member nations agreeing to settle nearly 90% of trade in local currencies. “Use of national currencies is not a de-dollarisation policy. We’re simply doing what is better for national interests,” said Kremlin spokesperson Dmitry Peskov, speaking to Indian journalists. He also stressed that the summit must focus on deepening cooperation across politics, finances, and new technologies. “If they don’t let us use their money, we use our own money,” he said while lashing out at the US sanctions on Russia. He cautioned that BRICS must not fall under political pressure and keep local currencies above all at the upcoming summit. The group must show what a fair, multipolar world should look like, he said. Peskov also addressed the growing disagreements between member nations Iran and the UAE. “Understandably, there are contradictions in their (Iran and UAE) positions,” P...

The number of cryptocurrencies tracked globally has surged by more than 150% over the past year amid heightened market volatility. Data from CoinMarketCap shows the total climbed from 23.45 million on September 4, 2025, to 59.08 million on September 2, 2026, marking a 151.94% increase.  Growth accelerated sharply around March 2026, when the count jumped from about 39 million to more than 46 million before reaching 52.8 million by June and a record 59 million by early September. Total number of cryptocurrencies. Source: CoinMarketCap The boom has been driven by low-cost blockchain networks, no-code launchpads, and automated token-creation tools. Solana (SOL), Base, and BNB Chain have emerged as key hubs for crypto token launches, while the memecoin frenzy has fueled millions of speculative projects. Survival of newly created cryptocurrencies However, rapid growth has not translated into long-term success. Despite the rising number of cryptocurrencies, most ...

Although mainstream media covered insiders’ massive unlock of 911.5 million SpaceX shares worth $101 billion on August 6, very few people realize that an additional unlock on that date failed because SpaceX’s stock price had crashed so badly. That second, bonus tranche of 455.8 million shares required SpaceX to close at or above $175.50 per share, i.e. 30% above the formal $135 IPO price, for at least five of 10 trading days leading into its August 4 earnings report. SpaceX held nowhere close to that threshold in Nasdaq trading. The condition failed. The market capitalization of SpaceX was only able to reach its momentary, $3 trillion peak because Elon Musk floated only a tiny quantity of shares in the IPO. Artificially limiting supply far below demand for his popular company created a three-day surge from $150 to $225.64 per share .  That was the peak. A swift retracement followed once investors started to prepare for insiders to unlock and sell their alloca...

As the broader cryptocurrency market remains in a consolidation phase, BlackRock, the world’s largest investment management firm, has moved a significant amount of digital assets, signaling potential selling activity. According to data from Arkham , retrieved by Finbold on November 1, BlackRock transferred a total of $506 million in cryptocurrencies.  On-chain data shows that roughly 3,496 Bitcoin (BTC), valued at about $384 million, and 31,754 Ethereum (ETH), worth approximately $122 million, were moved to Coinbase Prime. The transactions were traced to wallets linked to BlackRock’s iShares Bitcoin ETF (IBIT) and iShares Ethereum ETF (ETHA). BlackRock crypto transactions. Source: Arkham Notably, when institutions transfer assets to Coinbase Prime, it often indicates preparation for selling, portfolio rebalancing, or investor redemptions, since the platform provides deep liquidity and secure settlement for large-volume transactions.  While the transfer does...

The Bitcoin price edged down 1.5% in the past 24 hours to trade at $113,980 as of 3:48 a.m. EST on trading volume that dropped 7% to $54.8 billion. The fall came as S&P Global Ratings slapped a junk rating on Michael Saylor’s Bitcoin treasury firm Strategy because of  its ”speculative” exposure to BTC. The B- credit rating placed the firm six notches below investment grade.  “We view Strategy’s high bitcoin concentration, narrow business focus, weak risk-adjusted capitalization, and low U.S. dollar liquidity as weaknesses,” the agency said . But the rating marks the first time a Bitcoin-focused treasury company has received an official S&P rating, a significant milestone for the crypto industry’s growing overlap with traditional finance. S&P Rating ‘Hilarious’ Some analysts took issue with the rating. Adam Livingston, an analyst with 56k followers on X, called it “hilarious.” Everybody, pleas...

Ripple’s XRP token has one of the highest potentials for massive growth over the coming years. 2025 has been quite bullish for the asset, despite the current market storm. XRP breached the $3 mark for the first time earlier this year after nearly seven years. Let’s discuss why XRP hitting $10 could be a new floor for the asset, and not a ceiling. 3 Reasons Why XRP at $10 Could Be a Floor, Not a Ceiling Source: Shutterstock The SEC recently pushed back its date to November 2025 for announcing its decision on several XRP ETFs. There is a very high chance that the financial regulator will approve at least one XRP ETF sometime this year. An ETF approval will likely lead to a surge in institutional inflows for the asset. Bitcoin’s (BTC) price has hit multiple all-time highs after the SEC approved 11 spot ETFs last year. A similar pattern may emerge for XRP as well. Such a scenario could take XRP’s price well beyond the $10 mark. The second reason why XRP could go way ...

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A Bitcoin whale wallet from the Satoshi Nakamoto era has moved funds after over 14 years of dormancy as BTC options open interest (OI) reaches a record high of $63 billion. Investors have yet to react to the whale’s awakening, with the Bitcoin price recording a more than 1% gain in the past 24 hours. Following the uptick, BTC trades at $111,001.95 as of 4:24 a.m. EST, data from CoinMarketCap shows.  Bitcoin Whale Sends $16 Million In BTC  Data from the on-chain tracking platform Nansen shows that the whale address sent 150 BTC, worth more than $16 million, in a single transaction in the past 24 hours.  Meanwhile, data from the Bitcoin block explorer and analytics platform Memepool Space suggests the whale in question once held as much as 7,850 BTC. The address that made the transaction has also been inactive since June 2011. Back then, the whale had consolidated 4,000 BTC into one wallet.  According to the X account “MLM,” the whale earned ...

In a new report by the Multilateral Sanctions Monitoring Team (MSMT), a mechanism to monitor and report UN sanctions violations, cryptocurrency is earning the Democratic People’s Republic of Korea (DPRK) billions of dollars worth of foreign currency every year. According to the report, it’s one of North Korea’s most stable ways to acquire foreign currency since at least 2022, and is helping Russia acquire DPRK manufactured munitions and weapons. This sanctions evasion and use of crypto to launder and abstract monetary movements appears to be a direct contributor to Russia’s ability to fight its war against Ukraine. While early in the Russo-Ukrainian War, crypto was heralded as a way for hundreds of millions of dollars to be donated to the Ukrainian war effort. However, according to the MSMT, it’s proven to be far more useful for the Putin regime and the DPRK, with “DPRK officials… found to have used a… stablecoin for procurement-related transacti...

In a recent Bloomberg interview, Nakamoto (NAKA) CEO David Bailey explained that bitcoin (BTC) treasury companies are becoming ripe for takeover. He specifically mentioned treasury companies pursuing M&A deals, “acquiring competitors and restructuring some of those businesses.” However, despite his intention to deflect attention onto other stocks, Nakamoto itself appears to be a prime candidate for a hostile takeover . A hostile takeover could occur if anyone accumulates a controlling amount of voting rights in the company against the wishes of management. This type of takeover contrasts with board-approved changes of control like mergers, buyouts, or business combinations. Already 98% below its all-time high over the last five months and with a market capitalization at least 85% lower than the value of its BTC holdings, investors’ confidence in Bailey as a public company CEO is at an all-time low. Today’s penny stock price has fallen far from NAKA’s high ...

The Bitcoin price slid 2.4% in the past 24 hours to trade at $107,867 as of 1:10 a.m. EST even as Binance co-founder Changpeng Zhao, aka CZ, said it will eventually surpass gold’s $30 trillion market cap. “Prediction: Bitcoin will flip gold,” CZ said on X. ”I don’t know exactly when. Might take some time, but it will happen. Save the tweet.”  Prediction: Bitcoin will flip gold. I don't know exactly when. Might take some time, but it will happen. Save the tweet. pic.twitter.com/bR4Bq0JeVE — CZ 🔶 BNB (@cz_binance) October 20, 2025 He accompanied his statement with a chart showing Bitcoin’s current market cap at a $2.21 trillion against gold’s towering $30.3 trillion. For Bitcoin to successfully surpass gold’s valuation, the price would need to reach approximately $1.52 million. Key US Economic Data Incoming Economic data is likely to be key to Bitcoin’s performance this week, with jobless claims and ho...

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