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Quick Take Mizuho Securities equities researchers say Circle’s stock faces medium-term risks from slower-than-expected USDC growth, rising distribution costs, and a potential Fed rate cut. The analysts give a base case for CRCL of $84 and bear case of $40 through 2027, down from Wednesday’s closing price of $153.16 a day after the firm filed its quarterly earnings.
Quick Take Multiple forces are driving ETH’s rally toward its all-time high, including record spot ETF inflows, new U.S. policy moves, and growing corporate treasury diversification into ETH. Analysts and industry leaders see further upside, with Standard Chartered raising its year-end target to $7,500 and some predicting $6,000 in the near term — though profit-taking near record levels is possible.
Quick Take A wallet that previously dealt with the Ethereum Foundation has sold roughly 2,795 ETH worth $12.7 million amid the second-largest cryptocurrency’s move toward all-time highs. Solana surged 15% in 24 hours to reclaim the $200 level on Wednesday morning as optimism spreads across the altcoin space.
Monero has experienced 36 hours without selfish mining attacks following Qubic pool’s August 12 incident that caused a six-block reorganization. The event was incorrectly labeled a 51% attack, though Qubic controlled approximately 36% of network hashrate.
- 02:59Project 0 integrates Solana ecosystem DeFi protocols to enhance liquidityChainCatcher news, according to The Block, the crypto prime broker Project 0 is integrating the Solana ecosystem DeFi protocol Kamino. This collaboration will enable users to manage risk, collateral, and capital efficiency across multiple DeFi applications. Users can now utilize a single credit pool to lend and borrow with their deposits in Kamino and Project 0. This credit pool can aggregate cross-platform loan-to-value (LTV), borrowing weights, and interest rate data with one click. The move also introduces a unified margin account, allowing users to access leveraged trading opportunities without having to manage multiple sets of collateral.
- 02:48Data: A certain exchange hacker bought back 9,240 ETH at an average price of $4,269, worth $39.45 million.ChainCatcher news, according to monitoring by Lookonchain, the hacker who stole over 300 millions USD from a certain exchange user purchased 9,240 ETH six hours ago at an average price of $4,269, worth $39,450,000. During last week's market crash, this hacker panic-sold 8,638 ETH, worth $32,500,000, at an average selling price of $3,764, resulting in a loss of $5,500,000.
- 02:41Dubai unveils new financial sector strategy, designating virtual assets as one of its core pillarsJinse Finance reported, according to Cointelegraph, that Dubai has announced a new financial sector strategy, designating virtual assets as one of its core pillars. The goal is to increase the sector's contribution to the country's GDP to 3%, approximately 13 billion AED. So far this year, institutions regulated by the UAE Virtual Assets Regulatory Authority (VARA) have reached a cumulative trading volume of 2.5 trillion AED, with assets under management (AUM) rising to 9.6 billion AED.