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More →NEAR enters crypto’s top 20 after 140% surge in 30 days
NEAR climbed into the top 20 cryptocurrencies by market capitalization, as NEAR Intents surpassed $31 billion in cumulative transaction volume. NEAR Protocol’s native token entered the top 20 cryptocurrencies by market capitalization on Thursday after rising $138% in the last 30 days, according to <a href="https://x.com/coingecko/status/2108022680628682828" rel="nofollow noopener" target="_blank">>CoinGecko</a>. At the time of writing, NEAR <a href="https://www.coingecko.com/en/coins/near" rel="nofollow noopener" target="_blank">>traded</a> around $5.51, up about 7% over 24 hours, with a market cap of about $7.2 billion and 24-hour trading volume reaching roughly $1.2 billion. NEAR ranks ahead of Stellar (XLM), which has a market cap of nearly $7 billion. NEAR Intents, a cross-chain trading protocol, has <a href="https://explorer.near-intents.org/" rel="nofollow noopener" target="_blank">>handled</a> over $31 billion in cumulative transaction volume, according to the NEAR Intents Explorer. NEAR’s rise in the rankings also <a href="https://cointelegraph.com/news/bitwise-launches-first-us-spot-near-etf-after-tokens-recent-surge" rel="nofollow" target="_blank">follows the Sept. 29 launch</a> of the first US spot exchange-traded product tracking the token. The Bitwise fund trades on NYSE Arca under the ticker NRR, offering investors exposure to NEAR without directly holding the crypto. NEAR Intents <a href="https://cointelegraph.com/news/near-intents-recovers-entire-stolen-38m-after-ultimatum-to-exploiter" rel="nofollow" target="_blank">suffered a $3.8 million exploit</a> involving its deposit and withdrawal infrastructure last week. On Oct. 2, General Manager Alex Shevchenko said that all stolen funds had been returned, a day after the breach was disclosed. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/markets/near-price-surge-intents-zcash-privacy" rel="nofollow" target="_blank"><em><strong>NEAR jumps nearly 80% in a week as Intents volume nears $30B</strong></em></a>
Circle brings USDC, EURC payments to SAP customers through Tereina
The partnership with SAP-backed Tereina will let businesses send and receive Circle’s stablecoins from within the financial software they already use. Circle is bringing its USDC and EURC stablecoins into enterprise payment workflows through a partnership with Tereina, a financial services company backed by German enterprise software giant SAP. The <a href="https://www.circle.com/pressroom/tereina-an-sap-backed-company-and-circle-bring-usdc-and-eurc-into-enterprise-workflows-starting-with-the-sap-ecosystem-behind-84-of-global-commerce" rel="nofollow noopener" target="_blank">>integration</a> will allow businesses using SAP’s financial software to send and receive USDC and EURC within the applications they already use to manage payments. USDC will be the preferred stablecoin for dollar-denominated transactions, while EURC will be available for euro-denominated payments. <em>Source: </em><a href="https://x.com/circle/status/2107803627477709148" rel="nofollow noopener" target="_blank">><em>Circle</em></a> Tereina provides payment infrastructure that companies can embed into business software, allowing them to make payments without switching to a separate financial platform. Tereina and Circle said they plan to test the stablecoin integration with customers over the coming months, including for global payments and treasury operations. SAP’s ecosystem generates 84% of global commerce, according to the announcement, giving the integration a potentially broad enterprise reach. The move comes less than a month after <a href="https://cointelegraph.com/news/circle-arc-mainnet-launch-usdc-native-gas" rel="nofollow" target="_blank">Circle launched the mainnet of Arc</a>, its layer-1 blockchain focused on stablecoin payments and financial markets. Arc uses USDC for transaction fees and supports more than 20 fiat-backed stablecoins, including USDC and EURC. <em><strong>Magazine: </strong></em><a href="https://cointelegraph.com/magazine/too-big-to-pause-the-economic-stakes-of-an-ai-slowdown" rel="nofollow" target="_blank"><em><strong>Too big to pause: Could an AI slowdown crash the economy?</strong></em></a>
The long-short ratio of ETH whale accounts is 2.319.
CoinWorld data: The latest snapshot of ETHUSDT on the 4-hour timeframe shows that among the top 20% of holding accounts by margin balance, the long-short account ratio is 2.319, with more net long accounts among large holders. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.193; compared with the same-caliber snapshot 7 days ago, it rose by 0.9209.
S&P Global Ratings launches a digital asset lending risk assessment framework.
Coin World News: S&P Global Ratings has launched a risk assessment framework for evaluating the risks of on-chain digital asset lending vaults, whose total deposits have now reached $10 billion.
Metaplanet: Sells and repurchases 44,000 BTC to cover obligations
According to Cointelegraph, Metaplanet said it sold part of its BTC to cover obligations, then bought back more BTC, ultimately ending the third quarter with 44,000 BTC.
Adam Back: Bitcoin's 200-week moving average breaks through $66,000
According to Cointelegraph, Adam Back stated that Bitcoin's 200-week moving average has broken above $66,000.
ETH liquidation pressure: watch $2,447.84 to the downside and $2,817.56 to the upside.
CoinWorld data: ETH is currently priced at approximately $2,549.83. If the price falls by about 4% to around $2,447.84, some high-leverage long positions may face concentrated liquidations; if the price rises by about 10.5% to around $2,817.56, some high-leverage short positions may face concentrated liquidations. The liquidation zone below is currently closer to the current price, meaning that if the price moves downward, long liquidation pressure may appear earlier. Other notable zones: $2,441.46 and $2,167.36 below; $2,823.94 and $2,976.93 above. These levels are estimated based on public market prices and changes in open interest. They do not mean the price will necessarily reach them, nor are they predictions of price movement. Compared with the same-caliber snapshot 24 hours ago, it is down 1.09%; compared with the same-caliber snapshot 7 days ago, it is down 5.63%.
Peter Brandt: Bitcoin bull market could break through $500,000
Coin World news, according to Cointelegraph, analyst Peter Brandt said there is a "very good chance" Bitcoin's bull market reaches $500,000. Meanwhile, Jay Clayton has been appointed as Trump's new AI chief; he previously prosecuted Roman Storm and XRP.
Cointelegraph: Bitcoin's largest short liquidation cluster is located near $90,000.
According to Cointelegraph, Bitcoin's largest short liquidation cluster is located near $90,000, meaning that if the price rises to that level, it could force leveraged shorts to close their positions.
BTC large holder account long-short ratio is 1.8185
CoinWorld data: The latest snapshot of BTCUSDT on the 4-hour timeframe shows that among the top 20% of accounts by margin balance, the long-short account ratio is 1.8185, with more net long accounts among large holders. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.3475; compared with the same-caliber snapshot 7 days ago, it rose by 0.7251.