Author: AltCoinDrops.com

A prominent market analyst insists Ethereum still has more room to grow, calling attention to a confluence factor that could trigger the next leg up. Notably, Ethereum finds itself at a decisive point after reaching a new all-time high of $4,955 in August. Since then, the price has dropped 13%, but it continues to hold above $4,300 despite doubts about whether the bull run still has legs.  Ethereum Still Has More Upside Potential Interestingly, market analyst EGRAG Crypto believes the rally has not ended. In his latest analysis, he argued that Ethereum could still climb much higher, even reaching $22,000,…

Stablecoin development in South Korea has advanced with the launch of KRW1, a won-pegged token issued on the Avalanche blockchain. Summary BDACS has launched KRW1, a new South Korean won-pegged stablecoin issued on the Avalanche blockchain. Each KRW1 token is fully backed 1:1 with won held in escrow at Woori Bank, with real-time proof-of-reserves integration.  The rollout follows earlier pilots such as KRWIN, adding momentum to South Korea’s growing stablecoin market. South Korea’s Financial Services Commission (FSC) is drafting rules for stablecoins, expected in October as part of the Virtual Asset User Protection Act. Seoul-based digital asset firm BDACS announced…

Pi Network has been one of the most anticipated projects in the crypto space, with millions of users mining its tokens via mobile devices long before a tradable price was established. Over the past few years, the project has carefully balanced its testnet development with community engagement, creating one of the largest ecosystems by user count despite not being fully listed on major exchanges. As 2025 advances, new updates are pushing Pi Network closer to mainstream adoption. Analysts suggest these developments could serve as the catalyst that finally drives Pi’s price toward the $0.40 level, a milestone that would validate…

DBS Bank teams up with Franklin Templeton and Ripple to list tokenized money market fund and stablecoin on DBS Digital Exchange. Summary DBS will list Franklin Templeton’s sgBENJI token on its Digital Exchange, paired with Ripple’s RLUSD stablecoin. Investors can trade between tokenized fund units and stablecoins, with future plans for lending and repo transactions. The move highlights Singapore’s growing role in tokenization as Franklin Templeton and Ripple expand blockchain-based financial products. DBS Bank is deepening its push into digital assets through a new partnership with Franklin Templeton and Ripple that will bring tokenized money market funds and stablecoin services…

In brief Crypto markets have posted broad gains following the Federal Reserve’s quarter-point rate cut. Hyperliquid’s USDH stablecoin has been “attracting liquidity across the board from many institutions,” according to an analyst. The momentum now hinges on project-specific catalysts, with altcoins more exposed to volatility than Bitcoin, experts told Decrypt. Avalanche (AVAX) and Hyperliquid (HYPE) led the altcoin rally on Thursday as digital assets responded positively to the Federal Reserve’s latest rate cut and project-specific developments.AVAX rocketed 10.1% to $32.59, while HYPE jumped 7.2% to $58.43 in the past 24 hours, according to CoinGecko data. Other major altcoins followed suit, with…

Korea Exchange affiliate firm KOSCOM has applied for five stablecoin trademarks amidst the wave of Korean won-backed assets taking over the market. It also plans to reorganize its crypto departments. Summary KOSCOM has registered for five new brand trademarks as it prepares infrastructure to launch Korean-won backed stablecoins. The firm joins the list of major companies preparing to launch a won-backed stablecoin, with BDACS and fanC going ahead and launching their won-backed stablecoins. According to the South Korean media outlet Seoul Finance, the Korea Securities Computing Corporation or KOSCOM has registered for five stablecoin-related trademarks, which include KSDC, KRW24, KRW365,…

Opening Note:Welcome back, Altcoin Investors! As the crypto markets continue to evolve, it’s more crucial than ever to stay informed. In today’s newsletter, we bring you the latest updates, critical market insights, and emerging trends impacting Bitcoin, Ethereum, and the broader altcoin ecosystem. Whether you’re a seasoned crypto trader or a new investor staying ahead of the news curve, we’ve got you covered. Let’s jump in and break down the developments that are moving the markets and shaping the future of digital assets.Market Recap:The broader cryptocurrency market remained relatively stable this week, with Bitcoin (BTC) and Ethereum (ETH) maintaining their…

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have…

Analysts told CoinDesk early this week that major cryptocurrencies led by bitcoin would resume their slow grind higher following Wednesday’s Fed rate cut. That’s exactly what has happened since the Fed cut rates by 25 basis points to 4% late Wednesday. The central bank also hinted rapid easing in the next 12 months.Bitcoin BTC$117,092.37, the leading cryptocurrency by market value, topped $117,900, the highest level since Aug. 17, ending the sideways trend since Friday and resuming the slow recovery from early September lows near $107,200, CoinDesk data show. As of writing, the cryptocurrency was up nearly 1% on a 24-hour…

Ondo Finance has launched USDY, a yield-bearing stablecoin backed by U.S. Treasuries and bank deposits, on the Stellar network, marking the first product of its kind available to Stellar users. Summary Backed by short-term U.S. Treasuries and bank demand deposits, USDY accrues daily yield while maintaining liquidity, allowing individuals, small businesses, and institutions to earn on their holdings. The stablecoin can also be used as collateral in Stellar’s DeFi ecosystem and for more efficient cross-border payments. Ondo Finance has launched its flagship stablecoin, United States Dollar Yield (USDY), on the Stellar (XLM) network. With USDY stablecoin now live on Stellar,…