Tuesday, October 20

Business

Crypto Pulls Down IPO Performance Below S&P 500 in 2025

Crypto and AI-based initial public offerings last year reportedly dragged down the performance of all US public debuts to fall behind the tech-heavy index S&P 500.Shares of all companies that went public last year, not including closed-end funds and blank-check…

Whale Accumulation Signals Bullish Bitcoin Momentum Ahead

Bitcoin accumulation by whales and recent profit-taking by retail traders could be seen as bullish and lead to more upward market momentum, according to Santiment.Crypto markets “typically follow the path of key whale and shark stakeholders, and move in the…

Ethereum Validator Exit Queue Drops To Zero Amid ETH Surge

The Ethereum network validator exit queue has fallen back toward zero for the first time since July last year, which could reduce selling pressure, analysts say.According to data from Beaconcha.in, the current exit queue is just 32 Ether (ETH), with…

Crypto Stocks Soar As Market Makes Comeback

Major public US crypto companies rallied double-digits on Monday after a crypto market rally that saw major tokens hit multi-week highs.Crypto infrastructure platform Bakkt (BKKT) led Monday’s gains with a nearly 31.5% rise, and climbed nearly 5% after the bell…

Court orders status quo on four oil fields

The Federal High Court in Abuja on Monday ordered the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, and other defendants in a suit over four oil fields to maintain the status quo pending the hearing and determination of…

Transformer fire causes darkness in parts of Katsina

Parts of the Katsina metropolis were thrown into darkness following a fire incident involving a 15 MVA power transformer at the IBB Way Injection Substation, the Kano Electricity Distribution Company has said. In a public notice issued on Monday by…

Japan Aligns Crypto Regulation With Securities Markets

Japan appears to be moving to bring cryptocurrencies deeper into its traditional market rulebook, signaling that regulators want digital assets handled through established exchanges and securities-style oversight rather than a parallel system.The direction was underscored on Monday by Finance Minister…

Petrol may hit N1,400/litre without local refining – Dangote

Dangote Petroleum Refinery has warned that petrol pump prices could rise to as much as N1,400 per litre if Nigeria relies solely on fuel imports, stressing that large-scale domestic refining has become a critical stabilising force in the downstream petroleum…

Three Bullish XRP Signals to Watch as Price is Up 18% in 2026

Key takeaways:XRP’s technical setup is turning bullish, with breakout patterns signaling trend continuation.Institutional demand is absorbing supply, as ETF inflows and falling exchange balances tighten liquidity.XRP (XRP) started 2026 on a strong footing, rallying about 18.5% in the first five…

NLNG appoints new managing director

The board of Nigeria Liquefied Natural Gas Limited (NLNG) has approved the appointment of Adeleye Falade as the company’s new managing director and chief executive officer. The appointment was disclosed at a send-off ceremony held in Abuja last December to…

Polymarket partners with Parcl to launch housing prediction markets

Parcl and Polymarket have partnered to launch real estate prediction markets that will settle against Parcl’s daily housing price indexes, bringing housing price data into prediction markets for the first time.Under the partnership announced Monday, Polymarket will list and operate…

‘The Market Collapse Hit us Hard‘

The organizers behind nonfungible token (NFT) and real-world asset (RWA) conferences in Paris have cancelled the events with a month’s notice, citing market forces.In a Monday post, the event’s X account said NFT Paris and RWA Paris, initially set for…

ZachXBT Exposes -Million Coinbase Impersonation Scam Onchain Clues

Key takeaways:A convincing “Coinbase support” impersonation campaign was linked by onchain investigator ZachXBT to roughly $2 million in stolen crypto.The attribution relied on corroboration across multiple signals, including onchain activity and Telegram or social media footprints rather than a single…

Crypto Companies Contribute M to Trump PAC Ahead of US Midterms

Two major cryptocurrency exchanges have contributed more than $21 million to a political action committee (PAC) supporting US President Donald Trump. In a Friday filing with the Federal Election Commission, the MAGA Inc. Super PAC reported receiving 1,500,000 liquidated USDC (USDC)…

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