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Quick Take Mizuho Securities equities researchers say Circle’s stock faces medium-term risks from slower-than-expected USDC growth, rising distribution costs, and a potential Fed rate cut. The analysts give a base case for CRCL of $84 and bear case of $40 through 2027, down from Wednesday’s closing price of $153.16 a day after the firm filed its quarterly earnings.
Quick Take Multiple forces are driving ETH’s rally toward its all-time high, including record spot ETF inflows, new U.S. policy moves, and growing corporate treasury diversification into ETH. Analysts and industry leaders see further upside, with Standard Chartered raising its year-end target to $7,500 and some predicting $6,000 in the near term — though profit-taking near record levels is possible.
Quick Take A wallet that previously dealt with the Ethereum Foundation has sold roughly 2,795 ETH worth $12.7 million amid the second-largest cryptocurrency’s move toward all-time highs. Solana surged 15% in 24 hours to reclaim the $200 level on Wednesday morning as optimism spreads across the altcoin space.
Monero has experienced 36 hours without selfish mining attacks following Qubic pool’s August 12 incident that caused a six-block reorganization. The event was incorrectly labeled a 51% attack, though Qubic controlled approximately 36% of network hashrate.
- 07:47US-listed medical company Prenetics announces purchase of 7 BTC, bringing total holdings to 268.4 BTCAccording to Jinse Finance, market sources report that Prenetics, a US-listed medical health company, has announced the purchase of 7 Bitcoins (Bitcoin), bringing its total Bitcoin holdings to 268.4.
- 07:46JustLend DAO Passes JST Buyback and Burn Proposal, Officially Launches New Deflationary MechanismChainCatcher news, JustLend DAO, as the core DeFi protocol on the TRON network, officially passed the JST buyback and burn proposal through community governance on October 21. According to the new mechanism, all net profits of JustLend DAO and USDD multi-chain ecosystem profits exceeding 10 millions USD (excluding the first 10 millions) will continue to be transparently bought back and burned on-chain, with the first burn already successfully completed. This move marks JST's official transition from a "fully circulating token" to a "continuously deflationary value asset," laying a solid logical foundation for JST's long-term value growth.
- 07:41BNB Chain generated nearly $2 million in revenue over the past 24 hoursJinse Finance reported, citing market sources: In the past 24 hours, BNB Chain generated $1.9 million in revenue, with Hyperliquid following closely behind at $1.6 million.