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In brief Investment bank Benchmark on Thursday raised the price target for Nasdaq-listed Bitcoin mining machine manufacturer Canaan. The company’s stock is up this week. Benchmark analyst Mark Palmer says the firm’s stock now is a good buy. Investment bank Benchmark raised Bitcoin mining hardware manufacturer Canaan’s price target to $4, citing the firm’s recent compliance notification from Nasdaq Stock Market and demand for the company’s rigs. The Nasdaq last week informed Canaan that it had reached the minimum bid price of $1 per share so would not be at risk of being delisted. Since October, the company’s stock has traded…

The crypto market, starved of fresh economic data due to the prolonged U.S. government shutdown, will finally get a key data point with the release of September’s Consumer Price Index (CPI) on Friday.The inflation figure could trigger larger price swings in ether ETH$3,971.71 than in bitcoin BTC$111,474.24, a store-of-value asset. Overall, however, the expected market volatility is nothing out of the ordinary.Inflation ticked higher in SeptemberThe consumer price index for September, due for release at 12:30 UTC, is expected to show the cost of living rose 3.1% from a year earlier, up from 2.9% in August and the highest in…

Decentralized perpetual trading volume is set for a massive month in October, having just passed a record $1 trillion with a week still to spare as traders place big bets on the crypto markets.The $1 trillion milestone has already beaten August’s record of $762 billion by a considerable margin, according to data from DefiLlama.While Hyperliquid leads October with $317.6 billion in trading volume, Lighter, Aster, and edgeX have also fared well, seeing $255.4 billion, $177.6 billion and $134.7 billion, respectively, with the rest made up of smaller decentralized exchanges. Those platforms contributed to a record $78 billion in decentralized perps…

Global macro signals are flashing both warning and opportunity for Bitcoin (BTC). On one hand, major bank Standard Chartered PLC has flagged the potential for Bitcoin to dip below $100,000 in the near term. Related Reading On the other hand, significant growth in global M2 money supply strengthens the backdrop for a longer-term upside. Short-Term Correction Predicted as Trade & Liquidity Risks Mount According to head of digital asset research Geoff Kendrick at Standard Chartered, Bitcoin could briefly fall under the $100,000 mark amid intensifying global risks, particularly the escalating U.S.–China trade tensions. BTC’s price moving sideways on the daily chart. Source: BTCUSD…

President Donald Trump has granted a full pardon to Changpeng Zhao, the convicted founder of crypto exchange Binance. The move follows months of lobbying by Zhao and allies who argued his prosecution was politically motivated. Sources said Zhao had also explored partnerships to bolster the Trump family’s own crypto ventures. Trump signed the pardon on Wednesday, according to the Wall Street Journal, marking one of his most controversial decisions since returning to the White House.  Advisers said he had recently expressed sympathy for Zhao, describing the Binance founder’s case as part of a broader “war on cryptocurrency” waged by the…

Ethereum price started a recovery wave from $3,700. ETH is moving higher but faces a couple of key hurdles near $3,900 and $3,955. Ethereum started a fresh recovery above $3,780 and $3,820. The price is trading above $3,850 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $3,900 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 Eyes Upside Break Ethereum price started a minor recovery wave from the $3,710 zone, like Bitcoin. ETH price surpassed the $3,800…

Bitcoin has not escaped its volatile nature and could still lose as much as half of its value under certain circumstances, BitMine chair Tom Lee warned.“I’m sure there will be 50% drawdowns,” Lee said during an interview published on Thursday with crypto entrepreneur Anthony Pompliano.There has been an increasing number of market participants in recent times who have argued that Bitcoin won’t be as volatile anymore, as spot Bitcoin ETFs and institutional interest bring greater stability to the market.Still, Lee argued that Bitcoin (BTC) still follows the stock market and often amplifies its movements. “The stock market has more frequent…

Australians show the world’s highest per-capita interest in cryptocurrency, according to new web-traffic data, with most activity focused on trading and speculation.Data compiled by venture firm Andreessen Horowitz’s crypto division calculated the percentage of web traffic from each country across the top 30 tokens on CoinGecko, filtering out Bitcoin and stablecoins. Australians had the highest per capita percentage of token-related web traffic at 74.63% per 1 billion people, while South Koreans were a close second with 73.48% of token-related web traffic, and users from the United Kingdom were third with 62.15% per 1 billion people. Interestingly, the United States lagged as only…

The total crypto market cap (TOTAL) shot up by $118 billion, with Bitcoin (BTC) crossing the $110,000 resistance as well. Aster (ASTER) emerged as the best-performing altcoin today, rising by 11% in the last 24 hours.In the news today:-Sponsored Sponsored Revolut and Blockchain.com secured MiCA licenses, allowing them to provide crypto services across 30 European Economic Area countries. Revolut was approved in Cyprus and Blockchain.com in Malta, marking a major step in expanding regulated crypto operations under the EU’s unified framework. US President Donald Trump pardoned Binance founder Changpeng Zhao on October 23, 2025, overturning his 2023 conviction for anti-money…

Nearly half of the total MET token supply was released earlier today.Meteora, a Solana-based decentralized exchange (DEX), launched its native MET token on Thursday.The token is currently trading at $0.565, down 17.7% since launch, according to CoinGecko. At the time of writing, MET has a market capitalization of over $271 million and a fully diluted valuation (FDV) of more than $565 million.MET ChartApproximately 48% of the total 1 billion MET supply (around 480 million tokens) was released immediately, distributed to early supporters, liquidity providers, and ecosystem contributors.Trading is now live on several major exchanges, including OKX and Bitget. “Trade instantly…