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Bitcoin (BTC) has rallied over 10% this week as institutional demand continues to rise, supporting the narrative that September lows are usually followed by strong upward movements. Indeed, historical data shows that October tends to deliver high returns for the cryptocurrency (over 20% on average), earning the month its signature “Uptober” nickname. The situation this year is particularly interesting, as the Bitcoin price has been propped by more than favorable macroeconomic conditions, including the U.S. government shutdown following a failure to pass a funding bill on Wednesday, October 1. Given all the positive factors that are coinciding together, it is not surprising that “digital gold” has seen a noticeable increase in valuation over the past few days. Indeed, since the beginning of the month, Bitcoin market cap has climbed up from $2.276 trillion to roughly $2.40 trillion at press time, Friday, October 3, as per CoinMarket Cap . That marks a $124 billion, or ne...

The shares of Mill City Ventures (MCVT) are surging as the Nasdaq-listed specialty finance firm reveals a new treasury strategy using layer-1 protocol Sui (SUI). In an announcement, Minnesota-based Mill City Ventures says it will raise $450 million in a non-public offering, or private placement, and use most of the funds to establish a Sui cryptocurrency treasury strategy. Crypto treasury companies are publicly traded or private companies that hold digital assets on their balance sheets as part of their treasury reserve strategy. Shares of MCTV closed Thursday at $1.85. Trading began to surge on Friday, when the stock closed at $5.90. On Monday, shares reached a high of $7.99 and are trading for $6.80 at time of writing. The private placement involves selling 83,025,830 shares of common stock at $5.42 per share. London-based Karatage Opportunities, a digital assets-focused hedge fund, led the funding round along with the Sui Foundation. Says Stephen Mackintosh...

Stellar (XLM) is witnessing a strong price rally, having gained 14% in the past 24 hours and rising 25% over the past week.  The surge has also seen around $1.2 billion added to XLM’s market cap in just one day, driven by a number of developments within the ecosystem. Most notably, the launch of the Protocol 23 upgrade introduces Soroban’s unified events to streamline smart contract interactions and power more scalable decentralized applications (dApps) on the network. Stellar 24-hour price. Source: CoinMarketCap XLM updates Another major boost to the network comes in the form of PYUSD, PayPal’s stablecoin which has been successfully integrated within Stellar.  The integration is expected to enhance cross-border payment capabilities and expand XLM’s global reach in digital payments. Additionally, the network has rolled out new Features , including state archival and multiplexed accounts, improving both data management and account functionality ...

The cryptocurrency market’s volatility was seen in coins like TRUMP. Amidst the buzz around Donald Trump’s inauguration, a meme coin that was named after him garnered steam. When Trump launched his cryptocurrency, his wife Melania Trump did not want to be left behind. She went to roll out the MELANIA coin on the Solana (SOL) blockchain. While the community was looking for a rise, TRUMP took a major hit. But this did not last for too long as the meme coin was back on its feet in no time paving the way for more ambitious predictions. Also Read: Official TRUMP & MELANIA Coins Price Prediction For January End 2025 TRUMP Records Triple-Digit Rise Source: Fast Company During the past seven days, the meme coin recorded a 541% rise in its price. The asset went from trading at a low of $6.24 to a high of $75.35. This massive growth saw a slight setback after it crashed by 30%. This drop was linked to the President suggesting that he doesn’t know a lot about the meme coin. Sourc...