Features
Trading Strategies
Resources
© 2025 Edgen Powered by
Ask AI About IP
No Data Yet
## Executive Summary Global cryptocurrency markets experienced significant turbulence, with **Decred (DCR)** surging over 120% and **SPX6900 (SPX)** dropping 13% in broad market movements. ## The Event in Detail **Decred (DCR)** recorded a notable surge, increasing by 120.02% to $45.68. The token's price peaked at $68.62 within a 24-hour period on November 4, 2025, contributing to a 209.56% increase over the week. This activity was accompanied by a 178% rise in trading volume, reaching $144.7 million. Technical analysis indicated an overbought condition, with the Relative Strength Index (RSI) hitting 90.95 on the 4-hour chart. DCR successfully broke through resistance levels at $22.15, $33.04, and $40.99, establishing them as new support. Potential resistance levels are identified at $59.87 and $69.97. **Dash (DASH)** also demonstrated substantial gains, rising by 58.53% to $131.41. Over five days, Dash's price increased by 231% to $146, marking a 3-year, 9-month high and its first time surpassing $100 since April 2022. The Chaikin Money Flow reached an 11-month high, signaling robust capital inflows. This rally was attributed to a confluence of factors including momentum within the privacy coin sector, bullish ecosystem developments, and a technical breakout that concluded a 968-day downtrend. A $13 million short squeeze further fueled the rapid price incline. Dash's market capitalization expanded by 64% to $1.8 billion, with trading volume increasing by 40%. **Internet Computer (ICP)** experienced a 47.51% increase, trading at $5.54 and reaching its liquidity zone at $4.3. Despite this surge, ICP remains significantly below its all-time high of $750.73 from May 2021. The blockchain protocol maintains a market capitalization of $2.15 billion and a daily trading volume exceeding $304 million. Conversely, **SPX6900 (SPX)** declined by 13.06% to $0.645. On November 4, 2025, SPX recorded a 14% price drop within 24 hours, falling to $0.74, its lowest level since October 17. Derivative outflows, amounting to $8.9 million in closed contracts and a reduction in open interest to $40.85 million, were cited as drivers for the sell-off. Despite this, spot buyers accumulated $1.04 million in SPX. Data indicates that whales control approximately 79% of SPX's supply, with recent activity showing both aggressive buys and profit-taking. Other notable movements include **Zcash (ZEC)**, which increased by 7.87% to $407.50, demonstrating independent market behavior despite a **Bitcoin** price dip. **Bittensor (TAO)** decreased by 8.48% to $419.06, while **Story (IP)** fell by 7.36% to $3.73, underperforming the broader cryptocurrency market. **Morpho (MORPHO)** saw a 7.07% decrease to $1.71, and **Aptos (APT)** declined by 6.74% to $2.73, trading below its key moving averages, indicating sustained seller dominance. ## Market Implications The divergent performances across the cryptocurrency market highlight distinct investor responses to specific catalysts and market dynamics. The significant rallies in **Decred** and **Dash** underscore a renewed investor interest in privacy-focused digital assets and the impact of strong technical breakouts, further amplified by a **Dash** short squeeze. **Internet Computer's** upward momentum is linked to its strategic 2025 roadmap, which includes the integration of artificial intelligence via **Chain Fusion** and enhanced decentralized identity features. This strategic positioning aims to enhance its competitiveness within the DeFi and broader Web3 ecosystems. The decline in **SPX6900** illustrates the susceptibility of assets to large-scale whale activity, derivative market fluctuations, and the transient nature of meme-driven virality. Similarly, **Virtuals Protocol (VIRTUAL)** experienced underperformance due to whale sell-offs and a cooling sentiment surrounding the broader AI token sector, impacting its technical support levels. Overall market sentiment remains highly **Volatile**, characterized by significant price swings driven by both fundamental developments and speculative trading behaviors. ## Expert Commentary Technical analysis provides further insight into the observed market movements. **Decred's** **RSI** exceeding 90.95 indicates a statistically overbought condition, suggesting that the asset's rapid ascent may be unsustainable in the near term and prone to correction. For **Dash**, the **Chaikin Money Flow** reaching an 11-month high confirms substantial capital inflows and robust accumulation, supporting its independent rally. Conversely, **SPX6900's** **RSI** at 24.98 and **MACD** at -0.091 signal extreme bearish momentum, exacerbated by the concentration of 79% of its supply in whale holdings, which can lead to significant price volatility from large buy or sell orders. **Aptos** trading below its **MA-20** ($3.2850), **MA-50** ($4.0267), and **MA-200** ($4.6310) unequivocally points to sustained seller dominance across all observed timeframes. ## Broader Context The current market environment reflects a discerning approach from investors, prioritizing digital assets that exhibit strong technical foundations, clear developmental roadmaps, or align with compelling sector narratives, such as the resurgence of privacy coins. The independent rally of **Zcash** serves as an example of how certain altcoins can decouple from broader market trends, particularly when supported by robust derivative interest and sustained spot accumulation. The pronounced volatility seen in tokens like **SPX6900** and **Virtuals Protocol** underscores inherent risks within segments of the cryptocurrency market that are heavily influenced by speculative interest, the actions of large holders (whales), and the cyclical nature of sector-specific hype. The Dfinity Foundation's ambitious roadmap for **Internet Computer**, which integrates AI via **Chain Fusion** and enhances decentralized identity, positions it as a significant contender against established platforms like **Ethereum** and **Solana**, signaling an ongoing evolution towards more sophisticated and integrated functionalities within the Web3 ecosystem.
## The Event in Detail Grayscale Investments completed the third-quarter 2025 rebalancing of its three multi-asset funds: the Grayscale Decentralized Finance (DeFi) Fund, the Grayscale Smart Contract Fund, and the Grayscale Decentralized AI Fund. These adjustments were finalized at the end of the day on October 3, 2025, and announced on October 8, 2025. Within the **DeFi Fund (DEFG)**, **MakerDAO (MKR)** was removed from the portfolio. Concurrently, **Aerodrome Finance (AERO)** was added and now represents 6.60% of the fund's components. Other significant holdings in the DeFi Fund include **Uniswap (UNI)** at 32.32%, **Aave (AAVE)** at 28.07%, and **Ondo (ONDO)** at 19.07%. The rebalancing was conducted in accordance with the CoinDesk DeFi Select Index methodology. The **Decentralized AI Fund (AI Fund)** saw the inclusion of **Story (IP)**, which now accounts for 21.53% of its assets. The largest components in the AI Fund are **NEAR Protocol (NEAR)** at 25.81%, followed by **Bittensor (TAO)** at 22.15%. Other assets include **Render (RENDER)** at 12.91%, **Filecoin (FIL)** at 11.39%, and **The Graph (GRT)** at 6.21%. For the **Smart Contract Fund (GSC Fund)**, updated weightings were announced, with **Solana (SOL)** holding 30.97% and **Ether (ETH)** at 30.32%. Additional components include **Cardano (ADA)** at 18.29%, **Avalanche (AVAX)** at 7.57%, **Sui (SUI)** at 7.35%, and **Hedera (HBAR)** at 5.50%. As of September 30, 2025, Grayscale Investments reported approximately **$35 billion** in assets under management (AUM), solidifying its position as a prominent digital asset-focused investment platform. ## Market Implications The rebalancing actions by Grayscale Investments are expected to induce **increased trading volume and potential price fluctuations** for the directly affected tokens, notably **Aerodrome Finance (AERO)** and **Story (IP)**, as well as **MakerDAO (MKR)**. Grayscale's strategic allocations signal a notable **institutional interest** in specific sectors of the digital asset economy, primarily decentralized finance (DeFi) and artificial intelligence (AI) driven blockchain projects. This institutional endorsement could influence broader **investor sentiment** and potentially direct additional capital into these emerging ecosystems. The shift from **MakerDAO (MKR)** to **Aerodrome Finance (AERO)** within the DeFi Fund suggests a prioritization of protocols demonstrating robust liquidity and established governance frameworks, while potentially reducing exposure to projects perceived as having declining user activity. The integration of **Story (IP)** into the AI Fund underscores a growing recognition of **AI-driven blockchain solutions** as a critical growth sector, capable of bridging decentralized infrastructure with machine learning capabilities. ## Business Strategy and Investment Thesis Grayscale's Q3 2025 fund rebalancing reflects a strategic pivot towards digital assets characterized by **robust fundamentals, institutional-grade utility, and alignment with emergent technological frontiers**. This approach emphasizes **diversification and innovation** within the rapidly evolving digital economy. The firm's commitment to adapting its multi-asset portfolios to dynamic market conditions is evident through these adjustments. By prioritizing projects with demonstrated **real-world utility, potential for institutional adoption, and technological innovation**, Grayscale aims to position its funds to navigate both market volatility and regulatory uncertainty. The **DeFi Fund's** rebalancing specifically highlights a focus on protocols with **proven liquidity and active ecosystems**, indicating a mature investment perspective on the sector. Furthermore, the targeted allocation within the **Decentralized AI Fund** towards assets like **NEAR Protocol, Bittensor, and Story** aims to capture innovation and computing demand at the intersection of AI and blockchain. This strategic positioning anticipates significant growth in a sector projected to expand as enterprises seek decentralized solutions for AI training and inference. Grayscale's selections provide investors with diversified exposure across **DeFi, smart contracts, and AI-driven blockchain ecosystems**, while concurrently mitigating risks associated with more speculative tokens. ## Broader Context Grayscale Investments, established in 2013, operates as the world's largest digital asset-focused investment platform, leveraging a decade of experience in the sector. The firm's quarterly rebalancing serves as a significant barometer for **institutional sentiment** within the cryptocurrency market. These strategic allocations are consistent with broader **macroeconomic tailwinds**, including increased venture capital funding directed towards AI-native crypto projects and a trend towards clearer regulatory frameworks in key jurisdictions. The continuous evolution of the crypto market underscores that adaptability and innovation remain non-negotiable attributes for sustained growth and investor confidence.
## Executive Summary The crypto market maintains a bullish trend in September 2025, driven by global political stabilization and increasing institutional investment, fostering Web3 adoption. Bitcoin has traded above $112,000, and Ethereum remains strong above $4,100, reflecting investor confidence in high-market-cap tokens with demonstrable utility. This positive sentiment is underscored by significant corporate financing activities, advancing regulatory discussions in the United States, and core protocol enhancements within the blockchain ecosystem. ## The Event in Detail ### Tether Holdings SA Seeks Major Funding and Valuation **Tether Holdings SA**, the issuer of the **USDT** stablecoin, is in preliminary discussions with investors, including **SoftBank** and **Ark Investment Management**, for a substantial funding round. The company aims to raise between **$15 billion and $20 billion** by selling a **3% stake** in a private placement, which could push its valuation to **$500 billion**. Cantor Fitzgerald, which also manages Tether's assets, is advising on the deal. This potential valuation positions Tether among the world's most valuable private companies. The company recently introduced **USAT**, a fully regulated stablecoin in the U.S., further solidifying its market position. Tether's current token pile of **USDT** exceeds **$174 billion**, significantly surpassing its closest competitor, Circle's **USDC**, which has a market capitalization of **$73.7 billion**. ### Kraken Pursues Strategic Funding Ahead of Potential IPO Crypto exchange **Kraken** is reportedly in advanced talks to raise between **$200 million and $300 million** in new funding. This capital injection could value Kraken at **$20 billion** as it prepares for a potential public listing as early as 2026. This follows a previous **$500 million** funding round that valued the company at **$15 billion**. Kraken has engaged **Morgan Stanley** and **Goldman Sachs** to assist with the upcoming public offering. The exchange is also making strategic political moves, having pledged **$2 million** to pro-crypto political action committees in 2025, including the Digital Freedom Fund and Andreessen Horowitz's America First Digital initiative. **Kraken Co-CEO Arjun Sethi** stated this aligns with the company's strategy to support candidates who promote industry growth. ### U.S. Regulators Advance Crypto Harmonization Efforts The **U.S. Securities and Exchange Commission (SEC)** and the **U.S. Commodity Futures Trading Commission (CFTC)** are actively pursuing regulatory clarity and harmonization within the digital asset space. On September 2, 2025, their respective Divisions of Trading and Markets and Market Oversight/Clearing and Risk issued a joint statement announcing a cross-agency initiative. This initiative clarifies that existing law does not prohibit **CFTC-registered designated contract markets (DCMs)** and **SEC-registered national security exchanges (NSEs)** from facilitating the trading of certain spot crypto asset products. A joint roundtable, scheduled for September 29, 2025, will prioritize discussions on topics such as **24/7 markets, event contracts, perpetual contracts**, potential **portfolio margining**, and **innovation exemptions/safe harbors for Decentralized Finance (DeFi) protocols**. ### Solana's Firedancer Team Proposes Dynamic Block Scaling **Jump Crypto's Firedancer team**, a key developer for the **Solana** blockchain, has proposed removing the network's fixed per-block compute unit (CU) limits through **SIMD-0370**. This proposal aims to allow block sizes to scale dynamically based on validator hardware performance rather than a static cap, currently set at **60 million CU** (with a potential increase to 100 million). The **Alpenglow upgrade**, overwhelmingly approved by validators with **99.60%** support, introduces a **skip-vote mechanism** that enables validators with less powerful hardware to abstain from voting on oversized blocks. This incentivizes a "flywheel effect" where block producers continuously upgrade their hardware to process more transactions and earn higher revenues. While **Roger Wattenhofer**, head of research at Solana development firm Anza, expressed support for removing the limit, he also raised concerns regarding potential centralization and network stability if a super-advanced block producer could unduly influence the network. ## Market Implications These developments signify a maturing crypto market with increasing institutional integration and regulatory attention. **Tether's** pursuit of a **$500 billion valuation** and **Kraken's** strategic funding ahead of a potential IPO underscore a growing mainstream financial interest in the digital asset sector. Regulatory harmonization efforts by the **SEC** and **CFTC** could reduce market uncertainty, fostering a more predictable environment for innovation and investment in the U.S. The proposed **Firedancer** upgrade for **Solana** could significantly enhance network performance and scalability, potentially driving increased adoption and competition within the Layer 1 blockchain space. The confluence of these factors suggests a robust, albeit evolving, landscape for Web3 and digital assets. ## Expert Commentary **Roger Wattenhofer**, head of research at Anza, articulated a perspective on Solana's **SIMD-0370 proposal**, stating, "I think all these problems are solvable, so I've always been a big advocate of ditching the limit," while also flagging concerns about potential centralization and its impact on network stability. Separately, **Kraken Co-CEO Arjun Sethi** commented on the exchange's political contributions, indicating the move "aligns with Kraken's strategy to support candidates who promote industry growth." ## Broader Context The crypto market's current bullish sentiment is reflected in **Bitcoin (BTC)** trading around **$113,242.82** and **Ethereum (ETH)** at **$4,176.72** as of September 24, 2025. This positive trend is supported by sustained institutional investment and a global political environment conducive to Web3 adoption. The focus remains on high-market-cap tokens with strong fundamentals and real-world applications. Upcoming industry events, such as **TOKEN2049 Singapore** in early October 2025, are anticipated to further drive networking, collaboration, and market activity.
## Executive Summary Valour, a subsidiary of **Nasdaq**-listed **DeFi Technologies**, has launched 13 new crypto Exchange Traded Products (ETPs) on the regulated **Spotlight Stock Market** in Sweden. This initiative includes the introduction of Europe's first **IOTA ETP**, designed to facilitate regulated investment in digital assets through traditional brokerage platforms. The newly launched ETPs encompass a diverse range of assets, including **IOTA**, **PEPE**, **Flare**, **Optimism**, **Immutable**, **Quant**, **The Graph**, **Floki**, **Theta**, **Hyperliquid**, **Virtuals**, **Story**, and **Four**. This expansion increases **Valour's** total ETP portfolio to 99, consolidating its position as a prominent provider of digital asset ETPs across multiple European countries. ## The Event in Detail On September 24, 2025, **DeFi Technologies Inc.** (Nasdaq: DEFT), through its subsidiaries **Valour Inc.** and **Valour Digital Securities Limited**, announced the launch of 13 new SEK-denominated ETPs on **Sweden's Spotlight Stock Market**. The newly introduced ETPs provide exposure to various digital assets, specifically: **Valour PEPE (PEPE) SEK ETP** (ISIN CH1108681615), **Valour Flare (FLR) SEK ETP** (ISIN CH1108681656), **Valour Virtuals (VIRTUAL) SEK ETP** (ISIN CH1108681664), **Valour Optimism (OP) SEK ETP** (ISIN CH1108681672), **Valour Story (IP) SEK ETP** (ISIN CH1108681680), **Valour Immutable (IMX) SEK ETP** (ISIN CH1108681698), **Valour Quant (QNT) SEK ETP** (ISIN CH1108681706), **Valour The Graph (GRT) SEK ETP** (ISIN CH1108681714), **Valour Floki (FLOKI) SEK ETP** (ISIN CH1108681722), **Valour Theta (THETA) SEK ETP** (ISIN CH1108681730), **Valour Four (FORM) SEK ETP** (ISIN CH1108681748), **Valour IOTA (IOTA) SEK ETP** (ISIN CH1108681755), and **Valour Hyperliquid (HYPE) SEK ETP** (ISIN CH1108681532). This strategic addition expands **Valour's** total number of listed ETPs to 99, which are traded across major European exchanges including **Spotlight Stock Market (Sweden)**, **Börse Frankfurt (Germany)**, **SIX Swiss Exchange (Switzerland)**, **London Stock Exchange (England)**, and **Euronext (Paris and Amsterdam)**. ## Financial Mechanics Each of the newly launched **SEK-denominated** ETPs is structured to provide regulated, exchange-traded exposure to its underlying digital asset. Investors can access these products through standard brokerage platforms, thereby integrating digital asset investment within traditional financial frameworks. A **1.9% management fee** is applied to each ETP. This mechanism allows traditional financial market participants to gain exposure to the price movements of cryptocurrencies without directly holding the underlying digital assets, simplifying investment processes and addressing custodial concerns for institutional investors. ## Business Strategy & Market Positioning This expansion reinforces **Valour's** strategic objective to maintain its position as a leading global provider of digital asset ETPs, boasting the largest selection worldwide. The new listings are specifically targeted at **Nordic investors**, aiming to provide enhanced access to a diversified portfolio of digital assets. The product offering spans key sectors of the digital asset ecosystem, including Layer 1 and Layer 2 networks, modular data availability solutions, tokenization infrastructure, gaming and creator ecosystems, and high-engagement community tokens. This broad approach aligns with a market trend where investor preferences are evolving beyond established cryptocurrencies. Johanna Belitz, Head of Nordics at **Valour**, stated, "The Nordic market values breadth, clarity, and compliance. This launch delivers all three and marks an important milestone for our investors. We're proud to further bolster Valour's position as the issuer with the largest selection of digital asset ETPs globally." Nadine Kenzelmann, Managing Director at **Valour**, added, "This expansion showcases Valour's scale and execution. We will continue to broaden access while maintaining institutional standards in risk management, operations, and market quality." This proactive diversification positions **Valour** to capture emerging interest in a wider array of digital assets. ## Broader Market Implications The launch of these 13 new ETPs by **Valour** signifies a continued advancement in the institutional integration of digital assets into traditional financial markets across Europe. This move is anticipated to enhance liquidity for the underlying tokens, potentially fostering price stability and increased trading volumes due to broader investor accessibility. By offering regulated products on established exchanges, **Valour** lowers the barrier to entry for both institutional and retail investors seeking compliant exposure to the digital asset space. This development reflects a maturing digital asset ecosystem and a response to growing demand for regulated investment vehicles. The diversification across various asset categories, from fundamental Layer 1 protocols like **IOTA** to community tokens like **PEPE**, indicates a wider acceptance and understanding of the varied functionalities and market segments within the digital asset landscape.
Story (IP) current price is $3.65, down 7.93% today.
Story (IP) daily trading volume is $60.2M
Story (IP) current market cap is $1.1B
Story (IP) current circulating supply is 322.7M
Story (IP) fully diluted market cap (FDV) is $3.7B