19h ago
Analysts single out the most bullish crypto asset to watch
CryptoQuant analyst Ki Young Ju published bullish sentiment scores for major crypto assets on October 18. BNB led at +1.5, followed by SOL at +1.3, BTC and ADA at +1.2 each, XRP at +1.1, ETH at +0.6 and UNI at +0.5. The bullish focus centered on Hyperliquid (HYPE), whose fee-driven buyback program had accumulated about $1.26 billion by mid-October and began drawing on USDC reserve earnings in October with an initial $14.58 million. Analysts set a bullish price target of $100 to $120 for HYPE.
HYPE
HYPE-0.10%
19h ago
20h ago
Pando Solana ETF Debuts on HKEX as Anza Sets Alpenglow Upgrade for Oct. 21
Solana's ecosystem expanded in several regions this week, most notably through the listing of the Pando Solana ETF on HKEX, Hong Kong's second spot SOL ETF. Anza plans to run the Alpenglow consensus upgrade on mainnet-beta on Oct. 21, cutting finality to about 150 milliseconds. In Mexico, Bitso listed Western Union's Solana-based USDPT stablecoin for direct retail trading, while the Solana Foundation signed a memorandum of understanding with the Da Nang Innovation Startup Support Centre in Vietnam. Traditional assets including AVGO, TSM and CMG, along with ZEC, also went live on Solana through the Sunrise protocol.
SOL
SOL+0.64%
20h ago
21h ago
Warren Buffett's bet on Occidental Petroleum is finally paying off
Berkshire Hathaway has completed a $9.7 billion cash purchase of Occidental Petroleum's OxyChem business, giving the oil producer room to cut debt and concentrate on its core operations. Occidental shares are up more than 50% over the past year and reached a 52-week high during that period. Its average realized crude oil price rose 32.6% year over year over the same stretch. Berkshire's first-quarter filing showed a 26.9% stake in Occidental.
21h ago