Index

A crypto Index provides a way for investors to gain diversified exposure to a specific basket of digital assets through a single tokenized product. These indices often track specific sectors, such as DeFi, DePIN, or RWA, and are automatically rebalanced via smart contracts. In 2026, AI-managed thematic indices have become the gold standard for passive investing, allowing users to track the "blue chips" of the Web3 economy without manual portfolio management. This tag covers index methodology, rebalancing frequency, and the benefits of diversified crypto baskets.

26707 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Pi Network Mainnet Update: Pi Coin Price Prediction After Protocol 23 Upgrade Explained

Pi Network Mainnet Update: Pi Coin Price Prediction After Protocol 23 Upgrade Explained

The post Pi Network Mainnet Update: Pi Coin Price Prediction After Protocol 23 Upgrade Explained appeared first on Coinpedia Fintech News After months of decline, Pi Coin is fighting to stay afloat, currently hovering around $0.2368, with daily trading volumes slipping below $30 million. Once hailed as a revolutionary community-driven project boasting a market cap exceeding $17 billion, Pi has now shed nearly 90% of its value. All eyes are now on the upcoming Protocol 23 …

Author: CoinPedia
The health of the stock market

The health of the stock market

The post The health of the stock market appeared on BitcoinEthereumNews.com. Let’s continue our theme this week on the health of stock market and who metaphorically “has the ball” – the offense or the defense. Below is a relative comparison chart where I’ve plotted all of the S&P500 SPDR sectors over the last 12 months.  Notice the sectors that have consistently ranked at the top… offensive sectors: Communications Technology Consumer Discretionary Financials Next-in-line is the index itself, followed by industrials and then the defensive sectors in utilities, real estate, and consumer staples.  Next, I created a Relative Rotation Graph (RRG), and before we get into the specifics, let’s make sure you understand what you’re looking at here. RRGs were invented by my good friend Julius de Kempenaer, and while his tool has been available on the Bloomberg terminal since 2011, you can also create your own for free at StockCharts.com, or check out what I personally use – Optuma (the 800 lb gorilla in the technical analysis software world). Now, let’s learn how it works… The middle point on the x/y axis is the benchmark – in this case, the S&P500 – and the arrows and stock symbols around it are different stocks within the S&P500. Then, as far as the four quadrants go, any stocks in the: The lower-left quadrant are lagging vs. the market The upper-left quadrant are improving vs. the market The upper-right quadrant are leading the market The lower-right quadrant are weakening vs. the market So, there are a nice handful of stocks that are currently leading the market – companies like Apple, AbbVie, Intel, APA, Tesla, Aptiv, Micron, Lam Research, Newmont, and Seagate. However, while many of these companies could continue to experience growth and high relative strength (RS) that persists over time, it’s actually better to find stocks that are pointing “northeast” and coming out of the lagging quadrant. If we focus on a few of…

Author: BitcoinEthereumNews
The Q3 earnings season gets underway: A closer look

The Q3 earnings season gets underway: A closer look

The post The Q3 earnings season gets underway: A closer look appeared on BitcoinEthereumNews.com. Here are the key points For 2025 Q3, total S&P 500 index earnings are expected to be up +5.5% from the same period last year on +6.2% higher revenues. Excluding the Tech sector contribution, Q3 earnings for the rest of the S&P 500 index would be up only +2.7% (vs. +5.5% otherwise). For the Magnificent 7 group, Q3 earnings are expected to be up +12.0% from the same period last year on +14.8% higher revenues, which would follow the group’s +26.4% earnings growth on +15.5% revenue growth in the preceding period. For the 21 S&P 500 members that have recently reported quarterly results for their fiscal quarters ending in August (part of the Q3 tally), total earnings are up +10.5% from the same period last year on +6.8% higher revenue, with 76.2% beating EPS estimates and 81.0% beating revenue estimates. Bank earnings set to give a good read on the economy JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C) will kick off the September-quarter reporting cycle for the Finance sector before the market opens on Tuesday, October 14th. These stocks have been impressive performers lately, even after taking into account their weakness in recent days, as the chart below shows. Image Source: Zacks Investment Research There is justifiable optimism in the market about these banks’ business prospects. Loan demand is expected to accelerate, and the peak in delinquencies is now behind us. On the capital market’s front, deal pipelines are seen as steadily getting stronger, and trading activities remain robust. A favorable monetary policy and regulatory backdrop contribute to the positive narrative surrounding JPMorgan, Citigroup, Wells Fargo, and others in the space. On the other hand, there is uncertainty about the magnitude of moderation in economic growth resulting from the new tariff regime. Recent public commentary from management teams has…

Author: BitcoinEthereumNews
EUR/GBP strengthens above 0.8650, French political uncertainty might cap the EUR’s upside

EUR/GBP strengthens above 0.8650, French political uncertainty might cap the EUR’s upside

The post EUR/GBP strengthens above 0.8650, French political uncertainty might cap the EUR’s upside appeared on BitcoinEthereumNews.com. The EUR/GBP cross rebounds to around 0.8680 during the early European session on Thursday. The Euro (EUR) edges higher against the Pound Sterling (GBP) as French President Emmanuel Macron is set to appoint a new Prime Minister in the next 48 hours. The European Central Bank (ECB) Monetary Policy Meeting Accounts will be released later on Thursday. Also, ECB policymaker Philip Lane is scheduled to speak.  The political crisis in France after the shock resignation of France’s Prime Minister Sebastien Lecornu and his government dragged the EUR lower in the previous session. French President Emmanuel Macron said on Wednesday that he will name a new Prime Minister within the next 48 hours in the latest effort to end a period of political turmoil in the Eurozone’s second-largest economy.  The announcement could offer some near-term support to the EUR. However, lingering political uncertainty in France might continue to limit the potential upside for the cross.   On the GBP’s front, Bank of England (BoE) Chief Economist Huw Pill said on Wednesday that central bankers should adopt a “conservative” approach to setting interest rates, including responding firmly if price growth gets out of hand. The upside for the major pair might be capped, as the uncertainty over the BoE’s monetary policy outlook has increased. The latest BoE Financial Policy Committee (FPC) Record noted that UK households and businesses remain resilient despite the “higher cost of living and borrowing costs”. The minutes further stated that the overall global risk outlook remains elevated, with potential spillovers to the UK financial system considered “material.” Euro FAQs The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an…

Author: BitcoinEthereumNews
GBP/USD gains some positive traction amid a broadly weaker US Dollar

GBP/USD gains some positive traction amid a broadly weaker US Dollar

The post GBP/USD gains some positive traction amid a broadly weaker US Dollar appeared on BitcoinEthereumNews.com. GBP/USD Price Forecast: Reclaims 1.3400 amid a weaker USD; not out of the woods yet The GBP/USD pair attracts some buyers during the Asian session on Thursday and moves away from a nearly two-week trough, around the 1.3370 area touched the previous day. Spot prices climb further beyond the 1.3400 mark in the last hour and, for now, seem to have snapped a two-day losing streak amid a broadly weaker US Dollar (USD). From a technical perspective, the recent repeated failures near the 100-period Simple Moving Average (SMA) and the downfall along a descending channel since the beginning of this month favor the GBP/USD bears. Furthermore, negative oscillators on 4-hour/daily charts suggest that any subsequent move up might still be seen as a selling opportunity and run the risk of fizzling out rather quickly. Read more… GBP/USD posts modest gains above 1.3400 amid ongoing US government shutdown The GBP/USD pair posts modest gains near 1.3405, snapping the two-day losing streak during the early Asian session on Thursday. The US Dollar (USD) softens against the Pound Sterling (GBP) amid concerns over a prolonged US government shutdown. The speech by Federal Reserve (Fed) Chair Jerome Powell will be in the spotlight later on Thursday.  The US government shutdown has entered its ninth day with no hint of progress toward a resolution as the Senate on Wednesday again rejected dueling Republican and Democratic funding proposals to end the federal shutdown. The competing stopgaps had already failed to pass in five previous votes. Read more… GBP/USD stabilizes as US Dollar eases, traders await Fed minutes GBP/USD recovers ground on Wednesday as the US Dollar (USD) trims some of its earlier gains amid a scarce economic docket on both sides of the Atlantic. At the time of writing, the pair trades at 1.3425, up 0.08%. The British Pound (GBP)…

Author: BitcoinEthereumNews
The halving narrative resonates with liquidity, will the fourth quarter of 2025 become the ultimate bull market carnival?

The halving narrative resonates with liquidity, will the fourth quarter of 2025 become the ultimate bull market carnival?

By Michael Nadeau, The DeFi Report Compiled by: BitpushNews Cryptocurrency adoption cycles typically consist of a three-year period of growth expansion, followed by a bear market lasting about a year. If calculated from the BTC price low in November 2022, the current expansion period has lasted 1,044 days. For reference, the 2021 cycle expansion lasted 1,063 days, and the 2017 cycle was 1,065 days. By this measure, we are clearly in the “late cycle” of the current expansion phase. But how do the current data and key indicators compare to those in September 2021? We will answer this question in this report. Disclaimer: The views expressed in this article are the author's personal views and should not be used as investment advice. Realized profit and holding time destruction indicators Realized profit According to Glassnode data, BTC investors have realized $857 billion in profits in this cycle - 65% higher than the 2021 cycle. This phenomenon is within expectations, considering that the higher the BTC price, the more returns long-term investors will gain per cycle. A standardized way of comparison is to compare realized profits with market capitalization over each period. The market capitalization at the 2021 cycle peak was $1.26 trillion, with a realized profit-to-market capitalization ratio of 0.41. BTC’s current market capitalization is $2.28 trillion, and the realized profit to market capitalization ratio for this cycle is currently 0.38. The conclusion? From a wealth creation perspective, we are now at similar levels to the entire 2021 cycle. Realized profit data chart Coin holding time destruction indicator Another angle to examine profit taking is the "holding time destruction indicator". As defined by Glassnode, this metric measures the total number of days a token is held before being spent. As shown in the figure below, the total amount of "coin-day destruction" in this cycle is 15% higher than that in the 2021 cycle. This also fits the characteristics of the "late cycle". Bitian destruction data chart Long-term holder supply The behavior pattern of long-term holders in this cycle is similar to that in the previous cycle. Between October 2020 and March 2021, long-term holder supply fell by 13.5% (corresponding to the first price peak in April 2021). LT holder supply then rebounded and continued to rise for the remainder of the cycle. Similarly, from December 2023 to February 2025, the long-term holder supply fell by 12.4%, before recovering to the current level of 73%. Conclusion: Long-term holders tend to allocate tokens to new funds entering the market. In the 2021 cycle, this happened during the first price peak in April 2021. In the current cycle, this happened in the fourth quarter of last year and continued into the first quarter of this year. If we expect a breakout fourth quarter, we need to see new money flowing into the market – something we didn’t see during the same period last cycle. Long-term holder supply data chart Bitcoin dominance In the past two cycles, the market peaked when Bitcoin dominance fell to around 40%. We are nowhere near that level this cycle. We believe there are several reasons for this: This cycle of BTC financialization through ETFs and institutional participation The maturity of the cryptocurrency market. Last cycle, with the exception of Ethereum, every L1 was a "shiny new toy" for investors to speculate on. Furthermore, NFTs and DeFi were still in their early stages—investors likely significantly overestimated their maturity, use cases, and sustainability. This is no longer the case; the market has matured. The 2021 cycle saw significant fiscal and monetary policy support due to COVID, but this momentum is unlikely to repeat itself. When altcoins significantly outperformed BTC, there was little incentive to hold BTC. This is no longer the case, and asset selection is crucial. We still believe BTC dominance will decline further, but not to the levels seen in the past. Bitcoin dominance data chart 200-week moving average We pay close attention to the 200-week moving average for two reasons: In a bear market, Bitcoin tends to fall to its 200-week moving average; In the past two cycles, Bitcoin peaked when the 200-week moving average converged to the previous cycle high; The 200-week moving average is currently $53,100. Will we end up falling to $66,000 (previous cycle high) this year? This is unlikely, as our estimates suggest that even a sharp 40% rally in the coming months would place the 200-week moving average in the $57,000 range. Of course, a return to those levels is possible if the cycle continues into next year. Conclusion: As the cycle progresses, the law of diminishing returns is becoming apparent, as shown in the figure below. 200-week moving average data chart Realized Price and MVRV-Z Score Realized Price According to Glassnode data, Bitcoin’s realized price (which represents the cost basis of all coins on the network) is currently $53,800. Similar to the 200-week moving average, Bitcoin tends to revert to its realized price in bear markets, and cycles typically top out when realized price reaches a level consistent with the previous cycle high. Similar to the 200-week moving average, we do not expect the indicator to reach the previous cycle high this year - further highlighting the law of diminishing returns. Realized Price Data Chart MVRV-Z score The MVRV-Z score measures the extent to which Bitcoin’s market capitalization is “stretched” relative to its realized value via a z-score, adjusted for historical volatility. The current reading of 2.28 indicates that Bitcoin's market capitalization, relative to its cost basis, has deviated by approximately 2.28 standard deviations from its historical norm. Interestingly, we are now at a higher level than at the same point in the 2021 cycle, when Bitcoin rallied approximately 50% in October/November, ending the cycle with an MVRV-Z score of 3.49. If the indicator approaches 3 in this cycle, the BTC price may reach the $160,000 to $170,000 range (a 40-50% increase). MVRV-Z score data chart Fear and Greed Index Fear and Greed Index data chart If you think the market is jittery right now, it was even more panicky during the same period in 2021. In fact, we were in a state of extreme fear in September 2021. BTC had just corrected 20% to $43,000 before rallying to a peak of $66,000 (a 53% increase) over the next five weeks. Summary and Outlook There is no law that requires Bitcoin to continue on the “four-year cycle” path we have historically followed. But after carefully studying the data, it is difficult to deny the possibility of a peak in the fourth quarter. Why? We believe the four-year cycle framework is here to stay for several reasons: Narrative anchoring. Investors anticipate a "post-halving bull run," which influences investor positioning, crypto-native companies' marketing cycles, and media coverage. Reflexivity makes this pattern self-fulfilling. Liquidity and the credit cycle. The halving cycle has historically coincided with the global debt refinancing cycle, amplifying the liquidity needed to generate a crypto bull run. The mechanics of the four-year halving cycle and its impact on miner operations tightens supply just as demand tends to return to the market. Product/Innovation Cadence. Venture capital tends to fund the industry based on liquidity cycles that align with the four-year halving cycle. These projects take time to enter the market, while new innovations and narratives emerge in bursts, amplifying the cryptocurrency adoption cycle. Volatility. Investors anticipate a deep bear market in the crypto market, allowing them to purchase their desired assets at a discount. This naturally drives profit-taking, creating a self-reinforcing feedback loop. Based on the observed data and the entrenchment of these qualitative/behavioral factors, our base case is that BTC will peak again in Q4.

Author: PANews
Grayscale adds AERO and IP in Q3 rebalancing, removes MKR

Grayscale adds AERO and IP in Q3 rebalancing, removes MKR

The post Grayscale adds AERO and IP in Q3 rebalancing, removes MKR appeared on BitcoinEthereumNews.com. Grayscale Investments has adjusted its multi-asset crypto funds for Q3 2025, adding Aerodrome Finance and Story while removing MakerDAO. Summary Grayscale adds Aerodrome (AERO) and Story (IP) to its DeFi and AI funds. MakerDAO (MKR) removed from the DeFi Fund during Q3 rebalancing. Rebalancing reflects growing investor focus on Base and AI-driven blockchain assets. The changes, executed on Oct. 3, align with the firm’s index methodologies and reflect shifting trends in DeFi, smart contracts, and AI-linked tokens. According to data from Grayscale and CoinDesk Indices, the rebalancing affected three flagship products: the Grayscale Decentralized Finance Fund, Smart Contract Fund, and Decentralized AI Fund. These funds are designed to give investors diversified exposure to key segments of the digital asset market. AERO joins DeFi fund, IP enters AI portfolio The DeFi Fund’s update marked the biggest shift this quarter. The proceeds from the sale of MakerDAO were transferred to Aerodrome Finance, a developing DeFi protocol on Base. Currently, DEFG includes Uniswap (32.3%), Aave (28.1%), Ondo (19.1%), Lido (7.0%), Curve (6.9%), and Aerodrome (6.6%). The move shows that investors are drawn to protocols that prioritize liquidity and present chances for consistent yield. To meet index balance requirements, the SCF modified the weightings of Ethereum, Solana, Cardano, Avalanche, Sui, and Hedera while keeping its component list intact. The AI Fund, meanwhile, now owns NEAR (25.8%), Bittensor (22.1%), Story (21.5%), Render (12.9%), Filecoin (11.4%), and The Graph (6.2%) in addition to Story (IP), a narrative-driven AI project. Reflecting growth in DeFi and AI sectors A move toward new ecosystems like Base and the expanding AI-integrated web3 landscape is indicated by the recent rebalancing. While AERO’s inclusion reflects the increasing use of Base-based protocols, IP’s inclusion reflects investor interest in AI-powered content and infrastructure networks. Regular updates from Grayscale are intended to preserve openness and…

Author: BitcoinEthereumNews
Grayscale adds AERO and IP in Q3 rebalancing, removes MKR from DeFi fund

Grayscale adds AERO and IP in Q3 rebalancing, removes MKR from DeFi fund

Grayscale Investments has adjusted its multi-asset crypto funds for Q3 2025, adding Aerodrome Finance and Story while removing MakerDAO. The changes, executed on Oct. 3, align with the firm’s index methodologies and reflect shifting trends in DeFi, smart contracts, and…

Author: Crypto.news
USD/CHF corrects to near 0.8000 as FOMC minutes signal further interest rate cuts

USD/CHF corrects to near 0.8000 as FOMC minutes signal further interest rate cuts

The post USD/CHF corrects to near 0.8000 as FOMC minutes signal further interest rate cuts appeared on BitcoinEthereumNews.com. The USD/CHF pair retraces to near 0.8000 during the late Asian trading session on Thursday from the monthly high of 0.8030 posted the previous day. The Swiss Franc pair corrects as the US Dollar (USD) struggles to extend its upside move, following the release of the dovish Federal Open Market Committee (FOMC) minutes for the September policy meeting on Wednesday. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.1% lower to near 98.70. The DXY posted a fresh two-month high near 99.00 on Wednesday on the deepening political crisis in France. The FOMC minutes showed that it is appropriate to loosen monetary policy conditions in the remaining 2025 as “downside risks to employment have increased, while upside risks to inflation have either diminished or not increased”. The Fed’s dot plot of the September meeting also showed that policymakers collectively see the Federal Fund Rate falling to 3.6% by the year-end, suggesting two more interest rate cuts this year. According to the CME FedWatch tool, traders remain extremely confident that the Fed will cut interest rates again in the policy meeting later this month and see a 78.6% chance of one more in the December meeting. Going forward, investors will focus on the speech from Fed Chair Jerome Powell at the Community Bank Conference in Washington, which is scheduled at 12:30 GMT. In the Swiss region, investors remain cautious about whether the Swiss National Bank (SNB) will push interest rates into a negative territory. Latest comments from SNB Chairman Martin Schlegel have signaled that consumer inflation expectations could accelerate in the coming quarters, a scenario that could be a drag on market expectations for the Swiss central bank to favour an ultra-dovish monetary policy stance. Schlegel also warned that negative…

Author: BitcoinEthereumNews
Nikkei 225, Topix rise to record highs

Nikkei 225, Topix rise to record highs

PANews reported on October 9 that the Nikkei 225 Index and the Topix Index rose to record highs. This morning, the Shanghai Composite Index broke through the 3,900-point mark, setting a new high in ten years.

Author: PANews