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Technical structures hint at a potential $2,100-$1,800 range test, but on-chain calm indicates accumulation dominates, and not panic selling. Ethereum’s (ETH) attempts to reach $4,400 earlier this week were invalidated by the bears. It has declined by 7% over the past day. Yet, on-chain metrics suggest that the crypto asset’s price trajectory appears to be in a quiet equilibrium rather than one on the verge of collapse. Ethereum HODLers Sit Tight According to a crypto analyst, ‘Teddy,’ more than half of Ethereum’s total supply, which is roughly 120 million ETH, is concentrated among just ten non-exchange entities, including custodians,…

Daylight, a decentralized physical infrastructure network (DePIN) project focused on creating a distributed solar energy grid, has raised $75 million to expand its network of solar coverage in the United States. Daylight offers solar power as a subscription-based service to customers, removing the high upfront cost of purchasing and installing panels and batteries, which can cost consumers over $30,000. The project’s testnet went live in 2024.The network generates revenue through its subscription-based energy service and by feeding excess energy back to the power grid. Customers share in the revenues by earning “sun points” for contributing to the decentralized solar grid, with…

a16z invested $50 million into Jito, a commitment that could signal huge upsides for the Solana network. The VC firm aims to upgrade infrastructure in the long term, optimizing MEV and guaranteeing efficiency.Still, this partnership isn’t interested in immediate price growth, and we might not see lasting SOL gains for some time. Investors should keep an eye on Solana community sentiment, which could be a key indicator for success.Sponsored Sponsoreda16z Invests in JitoEarlier today, Fortune reported that a16z, a prominent VC firm in the crypto space, invested $50 million into Jito, a massive Solana infrastructure project. This investment is the…

Daylight Energy secures $75M to grow its decentralized physical energy network. Framework Ventures leads funding; A16z Crypto, Coinbase Ventures join in. New DayFi protocol links energy infrastructure yields to DeFi investors. Daylight Energy has raised $75 million in new funding to accelerate the growth of its decentralized energy network, marking a major milestone for the startup as it aims to bring blockchain-based innovation to the physical energy infrastructure sector. The round combines both equity and project finance capital, underscoring growing investor interest in decentralized physical infrastructure networks (DePIN). Funding structure and investor participation The $75 million round includes $15 million…

While Kalshi continues to make inroads on the blockchain, the prediction market has no intention of becoming crypto-centric.Yes, Kalshi sees crypto as critical to its growth, but the company doesn’t have to make a binary decision, according to CEO Tarek Mansour. It doesn’t have to be either on-chain or off-chain.Instead, the objective is to be accessible to crypto natives and mainstream users alike.“Over time, I see kind of a seamless integration where there’s obviously gonna be an unchained flavor to this, and for crypto Twitter and the crypto native people, there’ll be an experience that they’re used to,” Mansour said…

In brief Coinbase added Binance’s BNB token to its listing roadmap on Wednesday. BNB is the fourth-largest digital asset by market capitalization. Coinbase delisted the Binance-branded BUSD stablecoin amid regulatory scrutiny in 2023. Coinbase added BNB to its listing roadmap on Wednesday, signaling support for the cryptocurrency issued by its biggest competitor, Binance.Offered to the public through an initial coin offering in 2017, the asset—which can be used for transaction fees on Binance’s platform—is currently the fourth-largest digital asset by market capitalization, worth $164 billion, according to crypto data provider CoinGecko.Although the asset will lack any utility within Coinbase’s ecosystem,…

In a week marked by renewed market turbulence, Bitcoin has emerged as the primary beneficiary of investor confidence, attracting a massive $2.67 billion in fund inflows. This surge underscores the continuing dominance of the flagship cryptocurrency in the digital asset space, even as broader market uncertainty lingers due to geopolitical tensions and macroeconomic factors. Record Digital Asset Fund Activity According to the latest data, digital asset funds collectively saw $3.17 billion in investments last week, signaling sustained investor interest despite a dip in crypto prices triggered by escalating US-China trade tensions. Friday’s trading closed with a modest outflow of $159…

Bitcoin is facing a pivotal moment after last Friday’s flash crash briefly sent prices tumbling to the $103,000 level, shaking market confidence before a swift recovery. The leading cryptocurrency has since stabilized, consolidating below the $115,000 mark as traders and institutions reassess short-term momentum. While volatility has returned, on-chain and institutional data continue to show underlying strength in Bitcoin’s fundamentals. Related Reading According to a new report from Bitwise, institutional demand remains robust — with 72 publicly known companies collectively holding more than 1 million BTC, valued at roughly $117 billion. This includes major corporate holders, ETFs, and investment funds…

New York City Mayor Eric Adams just built a new power center for crypto inside City Hall. On Oct. 14, he signed Executive Order 57 and created the Office of Digital Assets and Blockchain Technology, a unit that sits in the Mayor’s Office, reports to the city CTO, and is led by Moises Rendon.City Hall calls it the nation’s first municipal office focused on digital assets. The order takes effect immediately.What does that actually unlock?The order directs the office to coordinate across agencies, study and draft policy proposals, run public education on risks and fraud, and work with the city’s…

Throughout the rest of October, CryptoMondays — the world’s largest decentralized meetup community for crypto and Web3 enthusiasts — will host a multi-city series of in-person events uniting blockchain builders, investors, and innovators in cities across the globe, including New York, London, Kansas City, Algarve, Austin, Lisbon and Orange County.These coordinated meetups reflect CryptoMondays’ mission: to bring the digital asset community together face-to-face, strengthen local ecosystems, and inspire collaboration across borders.“CryptoMondays is about real people building real connections,” said the CryptoMondays Global Team. “While the Web3 world lives online, the most meaningful partnerships and ideas often start with a handshake…