Global Macro Investor CEO and founder Raoul Pal has explained why Bitcoin is not yet off to the races, as seen during this time in previous cycles.

Ethereum’s latest liquidation event may look similar on the surface to August’s flush-out, but the underlying market pattern tells a very different story.

Ethereum dipped below $4,000 on Thursday, kicking off a technical bear market and causing Peter Schiff to sound the alarm once again. The move took ETH more than 20% off its August peak, where the token briefly touched $4,850 and marked the sharpest correction since early summer.

Stellar (XLM) might witness a price rebound as the asset is witnessing a breakout in a critical metric in the last 24 hours. Stellar, which has recorded massive price slips in the last 30 days, has shed 6.59% of its value within this period.

Solana appears poised to close this month in the red, diverging from a four-year streak of historically positive September performances.

Whales have again made $ASTER a hot target as one of the most fiercely hoarded assets in the market. On-chain tracking company Spot On Chain reported that a big whale wallet, known as 0xFB3, has hoarded 50 million $ASTER, worth approximately an estimated 105 million dollars. This was following another withdrawal of 26 million tokens worth about $59 million on Gate.io over the past 24 hours.

The cryptocurrency market is always buzzing with activity, and recently, a notable event caught the eye of many investors. An anonymous LINK whale executed a significant sale, offloading a massive 233,094 Chainlink (LINK) tokens. This transaction, valued at approximately $4.85 million at an average price of $20.80, as reported by Onchain-lens, has sparked discussions across the community. Immediately following this substantial sale, the same entity deposited another 10,000 LINK to the OKX exchange, suggesting further strategic moves.

In a significant announcement for its users, South Korean cryptocurrency exchange Upbit has declared a temporary suspension of its account verification and Korean Won (KRW) deposit and withdrawal services. This unexpected move stems from an emergency inspection initiated by its KRW service provider. This Upbit KRW suspension directly impacts how users interact with their funds on the platform.

The cryptocurrency world is buzzing with news that underscores the critical importance of regulatory adherence. Specifically, KuCoin compliance failures have resulted in a significant penalty from Canadian authorities, sending a clear message to exchanges operating globally. This development highlights the growing scrutiny faced by digital asset platforms and the urgent need for robust anti-money laundering (AML) measures.

Anchorage Digital Bank is ramping up hiring as it prepares to more than double its stablecoin unit. The federally chartered crypto-native bank plans to expand its current 20-person stablecoin team over the next 12 months as demand for crypto dollars explodes in the U.S., and as new federal legislation clears the way for larger stablecoin operations.