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Author: CryptoPress

Weekly Crypto Roundup – Turbulence, Tariffs, Liquidations, and the Road to Recovery

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The cryptocurrency market kicked off October 2025 on a euphoric high, with Bitcoin shattering records above $126,000, fueled by the “debasement trade” as investors fled fiat amid ballooning global debts and political instability. Gold mirrored the surge past $4,000, underscoring a broader shift toward hard assets. Yet, this bull run abruptly halted on October 10 when President Trump’s announcement of 100% tariffs on China...

Bitcoin, Crypto market, Cryptocurrencies, News

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Bitcoin Surges Past $116K on Sticky Inflation and Weakening Jobs Data

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Bitcoin (BTC) pushed past $116,000 on Friday, marking a roughly 4% gain over the past week amid mixed U.S. economic signals. The cryptocurrency approached a key CME futures gap near $117,300, with spot prices hitting $116,800 on exchanges like Bitstamp. Headline consumer price index (CPI) data released Thursday showed a 0.4% month-over-month increase, surpassing the 0.3% forecast and underscoring persistent inflationary pressures....

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Worldcoin

Worldcoin

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What Is Worldcoin? In a world increasingly dominated by artificial intelligence (AI), the line between human and bot is blurring. This digital identity crisis poses significant threats to online systems, from social media to financial networks. Worldcoin, a project co-founded by OpenAI CEO Sam Altman, aims to solve this problem by creating a decentralized, privacy-preserving digital identity system and a global financial network. This...

Coins

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Tether CEO Dispels Rumors of Bitcoin for Gold Sale

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Tether CEO Paolo Ardoino has strongly refuted recent rumors suggesting the stablecoin issuer was offloading its Bitcoin reserves in favor of gold. On September 7, 2025, Ardoino took to X (formerly Twitter) to clarify Tether’s asset strategy, directly addressing market speculation that had begun to circulate. The claims implied a significant pivot in Tether’s reserve composition, signaling a strategic move away from the leading...

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Ether ETFs Record Nearly $788 Million in Weekly Outflows, Driven by Grayscale’s ETHE

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Ether exchange-traded funds (ETFs) registered substantial outflows totaling $787.9 million over the past week, reflecting a persistent cautious sentiment among investors. This significant withdrawal marks a notable period of capital flight from Ether-linked investment products. Data from Farside Investors reveals that Grayscale’s Ethereum Trust (ETHE) was the primary contributor to these outflows, accounting for the vast majority of...

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