Grayscale Investments kicked off trading of a new Solana-focused ETF on Wednesday, adding a staking feature that passes network rewards to investors. Related Reading: Avalanche Expands In Asia — Japan’s Biggest Card Processor Joins The Network The fund, now listed on NYSE Arca as the Grayscale Solana Trust ETF (GSOL), was converted from a closed-end vehicle that first launched in 2021. From Closed-End Trust To ETF According to Grayscale, the move makes the firm one of the largest Solana exchange-traded product managers in the US by assets under management. The converted ETF lets ordinary brokerage accounts hold SOL exposure while receiving staking rewards tied to the network. Inkoo Kang, Grayscale’s Senior Vice President of ETFs, said the launch shows the firm’s belief that digital assets should sit alongside stocks and bonds in modern portfolios. Introducing Grayscale Solana Trust ETF (Ticker: $GSOL), offering investors exposure to @Solana $SOL, one of the fastest-growing digital assets. $GSOL features: ⚡ Convenient Solana exposure paired with staking benefits. ???? Exposure to a high-speed, low-cost blockchain.… pic.twitter.com/TgVNlhqBPO — Grayscale (@Grayscale) October 29, 2025 Competition Increased This Week Based on reports, Grayscale is not alone. Bitwise rolled out its own Solana ETF on the New York Stock Exchange one day earlier. Canary also listed Litecoin and HBAR ETFs on Nasdaq on Tuesday. Those moves came amid strong interest from asset managers to offer regulated crypto funds that give investors straightforward access to tokens without direct custody. ????JUST IN: $GSOL, the first Grayscale Solana Trust ETF with staking, goes live on @NYSE Arca, offering U.S. investors spot @Solana exposure and staking rewards under newly approved SEC listing standards. pic.twitter.com/eTzVP9Kb1X — SolanaFloor (@SolanaFloor) October 29, 2025 Regulatory Timing And Guidance These ETF launches happened while the US government was partially shut down and some SEC staff were furloughed. Kristin Smith, president of the Solana Policy Institute, said staking-enabled funds offer more than simple price exposure; participants can help secure the network, support developer work, and earn rewards. The Securities and Exchange Commission issued guidance permitting firms to file S-1 registration statements without a delaying amendment, which lets certain funds take effect automatically within 20 days of filing. The SEC had also approved updated listing standards for commodity-based trust shares shortly before the staffing disruption, a step that helped speed up approvals for dozens of pending crypto ETF applications. What This Means For Solana Holders Solana has consistently cemented its status among the powerhouse tokens in terms of market valuation, taking the sixth spot, according to CoinMarketCap. Related Reading: Dogecoin Ignites — 60% Volume Boom Teases Potential Rally Based on reports, the new listings did not include full details on fee levels, which validators will be used for staking, or how staking rewards will be split after expenses. Those operational questions matter to investors weighing net returns and counterparty risk. Trading on NYSE Arca does mean easier access through brokerages, but the finer points of how staking is run will shape how attractive GSOL becomes versus other Solana products. Featured image from Gemini, chart from TradingView
In a post on X on October 29, Quinn Thompson, CIO of Lekker Capital, argued that Jerome Powell’s post-FOMC messaging was less about macro uncertainty and more about pressure tactics aimed at the political apparatus — with direct consequences for crypto liquidity. Powell’s FOMC Comments Decoded Thompson wrote: “Powell appeared to be playing political games / posturing / CYA around the December verbiage, possibly to communicate to the admin to get the government reopened. It almost felt like a threat that if no data (due to continued government shutdown), then there won’t be a December cut and the market was briefly thrown off by that uncertainty.” He called out how abnormal it was to hear Powell comment this directly on market expectations: “The immediate reaction made sense given it is quite abnormal to hear Powell comment on market pricing so specifically as he always refrains from doing so and makes a point to say he will not comment on market pricing.” That is the core of Thompson’s read. Powell just broke his own habit. Powell tends to reject any framing that implies the Fed is validating market forward pricing. This time, after the Federal Reserve cut its policy rate by 25 basis points to a target range of 3.75%–4.00%, Powell said explicitly that “a further reduction in the policy rate at the December meeting is not a foregone conclusion — far from it.” He underlined that there are “strongly different views” inside the Committee about the speed and depth of further easing. Markets immediately repriced. Treasury yields moved higher and the probability of a December cut fell sharply from near certainty to something closer to a coin flip, and risk assets reacted accordingly. That includes crypto: bitcoin and large-cap crypto assets initially traded lower alongside equities as the market read the comment as a hawkish surprise rather than as positioning. Related Reading: China Intensifies Crypto Crackdown With Latest Warning Against Stablecoins Thompson’s view is that this was not about signaling a hawkish turn. It was about signaling conditionality. He frames Powell’s remarks as a message to the White House and Congress: reopen the government, restore economic data flow, and the Fed has cover to cut again in December; keep the shutdown in place and deny the Fed official data, and Powell can say, on record, that he cannot justify further accommodation. Powell himself emphasized that the central bank has been operating “in the absence of key government data” because the shutdown that began on October 1 has blocked normal labor, inflation, and activity reporting. Thompson characterizes that stance as an implicit warning shot. In his words, “What you infer from that is up to you, but additionally I believe the market may have been surprised by what I believe to be an incorrect Fed reaction function to the government shutdown. There is no scenario in which the economy is stronger because of the shutdown and if they are highlighting continued downside labor market risks, there isn’t a great case to be made to veer from their September dot plot path.” For crypto, the subtext is important: Thompson is saying Powell’s comments were not a signal to tighten financial conditions into year-end. They were leverage in a political negotiation, not a policy ceiling on liquidity. That point is operational, not rhetorical. Thompson is saying the Fed’s stated logic does not actually line up with what the Fed itself claims to be worried about. Powell’s justification for the October 29 cut leaned heavily on labor market softening and downside employment risk. The official FOMC statement pointed to a “shift in the balance of risks” toward weaker employment, noted that job gains have slowed, and acknowledged that unemployment has edged higher. Powell also said inflation is still above target but no longer accelerating the way it was earlier in the year, which is why some members favored faster easing. That mix — weakening labor, cooling inflation, policy cuts — has historically been constructive for crypto because it points to easier dollar liquidity and a lower cost of capital without outright crisis. On the balance sheet, Thompson highlights something that is already documented in Fed and press statements but has not yet fully repriced across risk: “Just a week or two ago the market was not expecting QT to end this soon and today Powell went so far as to discuss the next step in this process being a return to balance sheet growth. These developments are definitively liquidity positive, even though the MBS reinvestment and future purchases will be all or predominantly bills.” What This Means For Crypto In plain terms, the Fed didn’t just cut rates by 25 bps. It also said it will stop quantitative tightening on December 1. That means the Fed will no longer allow its Treasury and mortgage holdings to roll off passively. Instead, it will reinvest maturing Treasuries back into Treasuries and redirect principal paydowns from its mortgage-backed securities portfolio into Treasury bills. Related Reading: Max Bid Crypto Now: Market Maker Wintermute Turns Fully Bullish For crypto, this is the line that matters. When the Fed stops shrinking its balance sheet and starts recycling back into bills, it’s effectively injecting incremental dollar liquidity into the system, even if it refuses to call it QE. That liquidity has historically leaked into the parts of the market most sensitive to excess cash and duration scarcity — tech, high beta credit, and crypto. Thompson is basically saying that under the surface of Powell’s cautious language, the Fed just signaled the start of the next crypto liquidity regime. This is a critical liquidity inflection that is easy to miss if the only headline you absorb is “December cut not guaranteed.” Ending QT this early was not a consensus two weeks ago. This is also why Thompson rejects the idea that Powell’s tone was structurally bearish for risk. He writes, “All in all I think the December cut is still quite likely.” He then lays out the macro sequence he expects to see once the shutdown ends: “Ultimately I think they will reopen the government in the next few weeks so there will be data and it is likely to show inflation falling for the next few months and labor market continue its weakening path, and Trump is making deals that likely bring tariffs down which also earns him brownie points with the FOMC.” The message for crypto investors is that once data resumes, it will justify continued easing, not block it. The last part of Thompson’s post moves from mechanics to governance. He points directly at Powell’s expiring authority. “Powell’s term as Chair ends in 6 months and his successor will be known even sooner, creating a shadow Fed chair situation. It remains clear to everyone and the market that the new chair will be friendly towards and help effectuate the admin’s agenda. Given all of the above, it is difficult for me to paint a risk asset bear case based upon liquidity dynamics as all signs point to continued massaging to support markets.” That is the crypto punchline. Thompson is arguing that the institutional bias of the Fed, going into the succession window, is toward maintaining and managing liquidity conditions so markets do not crack. If that bias holds, it is inherently crypto-bullish, because it implies a policy floor under dollar liquidity at the exact moment the Fed is already preparing to halt balance sheet runoff and re-expand via bills. At press time, the total crypto market cap stood at $3.73 trillion. Featured image created with DALL.E, chart from TradingView.com
Despite recent interest rate cuts by the Federal Reserve on Wednesday, Bitcoin’s price reacted unexpectedly, declining when many anticipated a rise. However, market analyst Crypto Birb has identified ten indicators suggesting a potential surge may be on the horizon. Bitcoin Price Holds Above Key Moving Averages At the time of the expert’s post, BTC traded at $112,000. He pointed that with exchange-traded funds (ETFs) gaining traction and market fear subsiding, the Bitcoin price appears to be consolidating before a significant upward movement, indicating that a breakout is imminent. Currently, the Bitcoin price trades comfortably above the 50-week simple moving average (SMA) of $102,934 and the 200-week SMA of $54,756. The correlation with the S&P 500 stands at -0.02, suggesting that Bitcoin’s movements are largely independent of broader equity market trends. Related Reading: HYPE Nears All-Time High With HyperEVM Integration, Can Buybacks Sustain the Rally? On the daily chart, Bitcoin is supported by the 200-day SMA at $109,267 and a key trend line at $113,100. The relative strength index (RSI) is neutral at 50, while the average true range (ATR) has decreased to 3,495, indicating a calmer market environment. In terms of short-term bias, the market shows balance but is not bullish yet. The CTF Trailer indicates a bearish mode with a stop at $115,623, while the higher time frame trailer reflects a bullish mode with a stop at $114,601. Currently, Bitcoin’s trading range is between $110,000 and $117,800, and this compression indicates that an equilibrium is forming. The next significant movement is expected to occur once this range is broken. Calm Before The Storm? Sentiment within the market appears balanced, with the Fear & Greed Index sitting at 51, which reflects a neutral stance. Crypto Birb asserts that emotions have reset following last week’s spike in fear, creating a stable environment for sustainable price movements. Volatility is also cooling off, with a 50-day volatility of 3,080 and an ATR of 3,495. This contraction in trading range suggests that traders are reloading positions rather than capitulating, and history shows that periods of calm consolidation often precede volatility shocks. On the mining front, the economic landscape is looking favorable, with mining costs at $106,400 and a ratio of 0.94, indicating that miners remain moderately profitable after last week’s compression. Stable costs suggest no immediate pressure for forced selling, and network fundamentals remain solid. Looking at the October outlook, the month-to-date performance shows a minor decline of 0.53%, which is still an improvement over the typical historic October average of 19.78%. This suggests a healthy reset within an otherwise strong seasonal backdrop. A Potential 51% Surge Ahead? The expert further highlighted that historically, the fourth quarter has been bullish for the Bitcoin price, with an average gain of 51.04% over the past 15 years, resulting in nine winning years. If the current structure holds, Q4 is poised to remain a high-probability accumulation zone. Related Reading: XRP At $1,000 Is Peanuts If Used To Clear US National Debt; Pundit Explains Lastly, data related to Ethereum ETFs indicates a quiet strength beneath the surface, with spot ETF volumes at $147 million and net inflows of $133.9 million. The total assets under management have reached $24.88 billion, and rising liquidity in altcoins complements the ongoing flows into Bitcoin, supporting a narrative of market rotation. At the time of writing, however, the Bitcoin price has retraced back towards $110,439. Yet, still inside its current consolidation range that could result in a new uptrend for the leading crypto. Featured image from DALL-E, chart from TradingView.com
On Wednesday, the Federal Reserve (Fed) announced a 25-basis-point rate cut from the previous rate of 4.25%, aligning with market expectations. Despite this bullish development being highly anticipated by top experts as the best catalyst for the remainder of the year, Bitcoin (BTC), XRP, and Ethereum (ETH) led the market downturn following the announcement. Fed Chair Signals Uncertainty Over Further Rate Cuts The selloff intensified after Fed Chairman Jerome Powell indicated during his press conference that another interest-rate cut in December “is not a foregone conclusion.” This uncertainty has contributed to market volatility, as both cryptocurrencies and stocks have rallied this year in anticipation of lower interest rates. If the Fed does not implement further rate cuts in December, it could lead to a rebound in the dollar, which would be detrimental for Bitcoin bulls. Related Reading: Avalanche Expands In Asia — Japan’s Biggest Card Processor Joins The Network Analyst Manuel Villegas from Julius Baer noted that options-derived implied movements for US equity indices suggest significant shifts around upcoming macroeconomic reports. He advised crypto investors to prepare for potential volatility. However, market expert Timothy Peterson provided further insights on social media site X (formerly Twitter), predicting that the Bitcoin price could rise up to 12% over the next week, meaning that the leading crypto could surge toward $123,000. Analyst Foresees Positive Momentum For Bitcoin In his analysis, Peterson highlighted Bitcoin’s performance surrounding Federal Reserve Federal Open Market Committee (FOMC) meetings and noted that since 2023, Bitcoin’s average movement after such meetings has been about 1.5 times its prior week’s performance. Related Reading: HBAR Slides 6% in 24 Hours as NYSE Listing Fails to Spark Rally, But Analysts Still See Upside With Bitcoin having gained 4% in the week leading up to the Fed’s decision, Peterson anticipates a subsequent increase of around 7%, with a potential range of 0-15%. The FOMC, which sets US interest rates and guides monetary policy, often sees markets trade cautiously before meetings, followed by reactions once the uncertainty is resolved, with the expert concluding that despite the growing uncertainty, Bitcoin and the broader market could see a new leg up near record highs. Featured image from DALL-E, chart from TradingView.com
TIS Inc., Japan’s largest payments processor, has moved into tokenized finance by launching a Multi-Token Platform on Avalanche’s AvaCloud, according to company announcements and industry reports. Related Reading: Dogecoin Ignites — 60% Volume Boom Teases Potential Rally The platform is built to support stablecoins, tokenized deposits and digital securities for banks and large firms. This is a step that could change how some institutional payments settle inside Japan. TIS Brings Existing Scale To Tokens According to filings and company material, TIS’s PayCierge system now handles more than ¥300 trillion in annual B2C payments. That figure could top ¥1,000 trillion if more B2B and payroll flows move on-chain, based on the firm’s internal forecasts. TIS is not small: it handles nearly half of domestic credit card processing and supports more than 80% of branded debit accounts. Reports show 11 of Japan’s leading 25 credit card issuers use TIS systems, which together serve nearly 200 million customers. Those ties give the new token platform a ready set of potential partners. This is a big deal. The company that powers ~50% of Japan’s credit card payments, TIS, just deployed on Avalanche????: pic.twitter.com/kyTFSKoYdo — Avalanche???? (@avax) October 28, 2025 Why The Cloud Chain Was Chosen Reports have disclosed that TIS opted to use AvaCloud so it can deploy blockchains without building and running its own infrastructure. AvaCloud is described as offering automated scaling, real-time governance features and the reliability needed for regulated finance. https://t.co/gNU4ZrcK8r — Avalanche???? (@avax) October 28, 2025 Avalanche’s fast finality and cross-chain tools were cited as reasons TIS can aim for real-time, programmable settlement between institutions. The move means responsibility for the underlying cloud and node operations will be shared with the Avalanche service. Links To Yen Stablecoins And Reserve Models JPYC has put forward what it calls the first fully redeemable yen-backed stablecoin, claiming backing from domestic deposits and Japanese government bonds (JGBs). JPYC has said it charges no transaction fees and that it earns revenue from JGB interest. That kind of model is one of the examples of how tokenized yen instruments might be structured on platforms such as TIS’s. What This Could Mean For Banks And Corporates Banks and corporations may be able to run tokenized deposits or securities on the Multi-Token Platform if they join pilots or production programs. That said, adoption will require clear rules about backing, custody and how tokens are redeemed into yen. Some of these details are being discussed now between issuers, service providers and market observers. Related Reading: $10K Is Coming: Arthur Hayes’ Zcash ‘Vibe Check’ Sparks 30% Moonshot Deployment has already begun in production, according to the announcements, but broad use will take time. Featured image from Yellow, chart from TradingView
The Federal Reserve cut rates by 25 basis points today and hinted that its balance-sheet runoff may soon end, arguably the bigger story for Bitcoin. With the overnight reverse repo facility nearly empty at roughly $14 billion, any further quantitative tightening now drains bank reserves directly. That shift means even small tweaks to QT have […]
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For years, Solana was seen as crypto’s fast but fragile alternative to Ethereum, which was admired for its speed but dismissed as untested. However, that perception shifted dramatically this week. Record launch On Oct. 28, Bitwise’s Solana Staking ETF (BSOL) debuted with $69 million in first-day inflows, the strongest launch among roughly 850 ETFs introduced […]
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US-traded spot Ethereum exchange-traded funds (ETFs) recorded persistent outflows during late September and mid-October, periods that coincided with relative weakness in the ETH/BTC ratio. Yet, non-US inflows and continued staking growth blunted the price impact, suggesting the headwind is episodic rather than structural. The question of whether ETF redemptions drive Ether’s underperformance against Bitcoin requires […]
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Based on reports, several asset managers have updated filings for spot XRP exchange-traded funds, naming tickers such as GXRP and XRPZ. Related Reading: Dogecoin Ignites — 60% Volume Boom Teases Potential Rally That regulatory activity is one of the items market watchers say is drawing attention back to XRP. At the same time, Ripple’s move to acquire GTreasury for $1 billion has been highlighted by some analysts as a step closer to the $120 trillion corporate treasury market. Those developments, taken together, are keeping optimism alive among traders and community figures. Analyst Claims Accelerated Timeline According to social posts and comment threads, the analyst known as 24hrscrypto1 told followers “something big is going on” and reiterated a previously stated $100 target for XRP, while suggesting the date might come sooner than the earlier claim of by 2030. At current trading near $2.60, reaching $100 would represent roughly a 4,000% increase from today’s level. Other commentators have offered similar high-end ranges. Something big is going on.. All I can say is, we will see a $100 XRP way before 2030 ???? — ???????????????????????????????????????????? (@24hrscrypto1) October 17, 2025 For example, CryptoCharged COO Matthew Brienen has described a $100–$1,000 band as “highly possible” inside a five to 10 year span, citing use cases in cross-border payments. Wealth mentor Linda Jones has used a personal example to make a point: a $100 investment once bought about 400 XRP at $0.25 each, but that same $100 today would buy fewer than 35 XRP, a detail some see as evidence of growing scarcity. Institutional Accumulation And Supply Concerns Some observers argue that steady buying by banks and funds has been taking place behind the scenes during volatile stretches. If large holders continue to add positions and trading liquidity thins, the market could face a supply-demand imbalance that would push prices higher quickly. That is the basic line supporting ultra-ambitious forecasts. Yet whether institutions will hold XRP long term or use it actively in payments remains a crucial unknown that would determine how the story actually plays out. Market Moves And Community Momentum Social voices continue to matter. A prominent community commentator using the name UnknowDLT has described XRP as one of the major opportunities for this generation and the next, language that keeps retail interest high. XRP will end up being one of the greatest opportunities of not only our life time, but many to come. — {x} (@unknowDLT) October 28, 2025 At the same time, volatility is real: earlier this month XRP dropped to roughly $1.20 during a broader market pullback, showing how fast gains can be wiped out when conditions change. Related Reading: Bitcoin Obsession Costs Saylor — S&P Tags Strategy As ‘Junk’ Reports note that approval of spot XRP ETFs may depend on regulatory timing and procedural steps at the US securities regulator. Community watchers point to the resumption of SEC actions as a likely trigger for formal approvals, but that is not guaranteed. The filings from Grayscale, Bitwise, and Franklin Templeton have been updated, yet market access will only expand once regulators sign off. Featured image from Gemini, chart from TradingView
Dogecoin moved past the $0.20 mark as crypto markets showed a mild rebound. According to market feeds, DOGE traded around $0.20261 at one check, and later reached $0.21 after a small uptick. Bitcoin was holding above $114,000 and Ethereum hovered above $4,200, giving the rally some broader support. Related Reading: XRP: The Catalyst For ‘Humanity’s Greatest Shift’ By 2030 —Analyst Dogecoin Whale Purchases Spark Buying According to reports, large holders bought more than 327 million DOGE in the last 24 hours. That wave of big trades coincided with trading volume that rose about 10% above weekly averages. The latest move signals stronger than usual activity. The purchases were picked up by on-chain trackers and have been pointed to as a likely reason for the recent price movement. Technical Setup Points To A Tight Range Based on reports from chart watchers, Dogecoin is trading inside a symmetrical triangle — a pattern that usually means price is being squeezed and could break out in either direction. BREAKING: ???? WHALES PURCHASED OVER 327 MILLION $DOGE IN THE LAST 24HRS pic.twitter.com/rEM6TeLUJk — CEO (@Investments_CEO) October 27, 2025 The Relative Strength Index stood at 58, which suggests the coin is neither overbought nor oversold. The MACD line is above its signal line, and the histogram shows modest upward momentum, though analysts caution it is not yet a strong surge. Key Levels To Watch Traders say a clear move above $0.22 would be the first sign that the bulls are in charge. On the upside, some market watchers list $0.25 as the next meaningful barrier, and a run toward $0.26+ has been floated as a possible target if momentum builds. On the flip side, a drop below $0.18 could open the door to further losses and bring the consolidation phase back into focus. Market Sentiment Remains Mixed Reports have disclosed that DOGE advanced 1.35% to $0.21 during the session, marking its first close above the $0.2026 resistance level since August. Still, a number of indicators suggest the move is tentative. Volume gains and whale interest are positive signs, but analysts are waiting for confirmation from price action and higher volume on a breakout. What Could Go Wrong There are risks. The triangle pattern can break to the downside as easily as it can break up, and the current momentum readings are moderate rather than strong. If selling pressure mounts or if large wallets begin to shift coins back to exchanges, gains could be reversed quickly. Also, wider market swings in Bitcoin or Ethereum would likely pull DOGE along. Related Reading: $10K Is Coming: Arthur Hayes’ Zcash ‘Vibe Check’ Sparks 30% Moonshot Watch The $0.22 Line In short, DOGE is showing early signs of life, but a decisive outcome is not yet clear. Traders should watch $0.22 closely; a clean break with above-average volume would increase the odds of a move toward $0.25 and beyond. If that level does not hold, the market may settle back into the $0.18–$0.22 range for a while longer. Featured image from Unsplash, chart from TradingView
For decades, Europe’s wealth was measured in gold and bonds. Now, two of its largest economies are preparing to add something new to their strategic vaults. This week, news has emerged that political leaders in Germany and France have each introduced proposals to establish a national Bitcoin reserve in a move that could redefine the architecture […]
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Wintermute, one of crypto’s largest market makers, struck an overtly risk-on tone in a Monday market update on X, arguing that a dovish macro turn and thawing US–China tensions have reset positioning and liquidity into a friendlier Q4 regime. In a post dated October 28, the firm wrote that “risk appetite is returning as softer CPI data and improving Trump-Xi relations lifted markets, with yields easing and volatility declining,” adding that “Bitcoin reclaimed $115k on ETF inflows and short squeezes, while DeFi and AI sectors led the recovery.” Wintermute’s Bullish Crypto Outlook For Q4 The desk framed the impulse as both macro- and microstructure-driven. On the macro side, Wintermute pointed to “a softer US CPI print (3.0% YoY vs 3.1% expected)” and “the announcement of a Trump-Xi summit in Seoul,” which it said catalyzed “a broad rebound across assets” as the S&P 500 gained 1.9%, the VIX hovered “around 16,” and Treasury yields eased with rate-cut odds firming into this week’s Federal Reserve meeting. On the crypto side, the update said “Bitcoin performed well with a 5.3% gain, climbing above $115k… amplified by $160m in short liquidations,” while “Ethereum tracked higher toward $4,200,” and “gold unwound nearly 7% from its highs, signaling a rotation from defensive assets into risk assets.” Related Reading: China Intensifies Crypto Crackdown With Latest Warning Against Stablecoins Wintermute characterized the advance as broadening beneath the surface. “DeFi and AI names led gains on strong protocol revenue prints and improving on-chain activity,” while “Utilities and Tooling benefited from infrastructure-related rotation as new L2 deployments and restaking primitives drew liquidity.” Derivatives posture turned supportive, too: “On the perp side, funding rates turned positive again across most majors… though positioning remains far from crowded.” The firm also flagged a turn in base money for crypto beta: “Stablecoin supply is ticking higher for the first time since September, reinforcing that macro tailwinds are beginning to translate into fresh inflows. Spot demand from US spot ETFs, according to Wintermute, continues to anchor the structure even as activity cooled. “US spot BTC ETFs absorbed moderate inflows through the week even as volumes thinned, underscoring sticky structural demand.” Meanwhile, derivatives leverage “is rebuilding at a measured pace after the early-month flush,” which the firm framed as healthier—“cleaner leverage and more balanced funding.” The house view into November is unambiguously constructive and leans on seasonality and positioning. One passage distilled the stance: “While Uptober had a bit of a false start, macro tailwinds, cooling inflation, ‘stabilizing’ geopolitical tension and a dovish FED are setting the stage for a supportive rest of the year, which historically (Q4) has been the strongest for Bitcoin.” Related Reading: ‘It’s All One Trade’ — Crypto Bull Run Isn’t Done, Says Dan Morehead In its closing summary, Wintermute reiterated that “positioning is cleaner, volatility subdued, and capital rotation is gradually steering toward crypto. With liquidity conditions improving and sentiment stabilising, the setup into Q4 remains constructive, favouring further risk-on continuation.” A Decisive Week For Crypto The note drew immediate amplification from market commentators. DeFi analyst Ignas compressed the message into a trading takeaway: “Wintermute is telling you to max bid,” citing “yields… easing, volatility… down, and BTC reclaimed 115k helped by ETF inflows and short squeezes.” He highlighted Wintermute’s own line that “macro tailwinds, cooling inflation, ‘stabilizing’ geopolitical tension and a dovish FED are setting the stage for a supportive rest of the year.” Whether this marks an outright regime shift or a tactically favorable window will hinge on this week’s event risk—namely the Fed decision and any concrete outcomes from the Trump–Xi engagement. Wintermute, however, is explicit about the current state of play: markets are “rotating back into risk” with “cleaner positioning” and “calmer volatility,” Bitcoin “has reclaimed early-October losses with steady ETF inflows,” and sector leadership in DeFi and AI is consistent with an early-risk rotation. “With cleaner positioning, calmer volatility, and better macro visibility, the setup into November looks healthy for further recovery and rotation across crypto,” the firm concluded. At press time, the total crypto market cap stood at $3.78 trillion. Featured image created with DALL.E, chart from TradingView.com
The second part of the year has seen a notable surge in the US stock market, while Bitcoin (BTC) and the broader cryptocurrency market has faced its share of uncertainty and significant corrections. With the Nasdaq recently surpassing the 26,000 mark, leading analysts are now suggesting that this milestone could be a clear indicator for Bitcoin to finish the year at new highs. What Historical Patterns Indicate According to experts at The Bull Theory, the pattern observed with the Nasdaq reaching all-time highs typically suggests a flow of liquidity, an increased risk appetite, and a shift of capital into growth assets. As this phase develops, it often sets the stage for Bitcoin’s next significant movement. Related Reading: China Intensifies Crypto Crackdown With Latest Warning Against Stablecoins Data compiled by the analysts supports this assertion. Historically, in the first 30 days following a Nasdaq all-time high, Bitcoin has averaged a gain of approximately 7%. This return tends to grow, reaching about 14% within 60 days and climbing to an average of 25% by the 90-day mark. This pattern is not merely coincidental; it reflects a capital rotation where liquidity does not disappear but instead shifts from traditional markets into higher-risk assets like Bitcoin. The current situation appears to follow a similar trajectory. The Nasdaq’s rise to 26,000 indicates a wave of liquidity building beneath the surface. With rate cuts beginning and quantitative tightening coming to an end, global capital is once again seeking yield. This scenario mirrors the conditions that contributed to Bitcoin’s significant breakouts in previous years, particularly in 2017, 2020, and 2023. As such, the analysts note that the next four to five months may represent an acceleration phase for Bitcoin, coinciding with a potential pause in equities, which could lead to crypto becoming the primary outlet for liquidity. Bitcoin Poised For Breakout Similar To 2020-2021 Cycle Analysts like Ash Crypto also noted on social media that the BTC/NASDAQ weekly chart is revealing a repeating pattern reminiscent of the 2020-2021 cycle, during which Bitcoin significantly outperformed traditional tech stocks. In both cycles, the October to March timeframe has historically prompted major upward movements. Related Reading: The Next Chapter For Crypto: Legislative Clarity, Institutional Support Set Stage For Major Growth After a period of consolidation within a rising wedge, the BTC/NASDAQ pair appears poised for another breakout. Should this pattern repeat, Bitcoin may see substantial gains compared to the Nasdaq in the fourth quarter and into early 2026, Ash Crypto noted. Notably, this sets the stage for a major rally that could see Bitcoin prices surpassing current records of over $126,000. However, the market is still characterized by increased volatility, and there is no clear path ahead for BTC. The leading cryptocurrency is trading at $113,350 after a 2% correction in Tuesday’s trading session, following an initial surge above $115,000. This puts BTC 6.5% below record highs. Featured image from DALL-E, chart from TradingView.com
Global financial services company Western Union is making a strategic move into the world of stablecoins, responding to the evolving landscape created by the recent passage of the GENIUS Act in the US. On Tuesday, the company announced its intention to launch the US Dollar Payment Token (USDPT), a new stablecoin, alongside its Digital Asset Network designed to integrate digital and fiat currencies. Western Union New USDPT Stablecoin Built on the Solana (SOL) blockchain and issued by Anchorage Digital Bank, USDPT aims to broaden the options for transferring money for customers, agents, and partners, while also bolstering Western Union’s treasury capabilities. Through this initiative, the company plans to provide users with access to digital assets, allowing them to send, receive, spend, and hold USDPT with ease, supported by Western Union’s global compliance and risk management framework. Related Reading: China Intensifies Crypto Crackdown With Latest Warning Against Stablecoins Devin McGranahan, President and CEO of Western Union, expressed the company’s commitment to harnessing emerging technologies to empower customers and communities. “As we transition into the digital asset space, USDPT will enable us to take ownership of the economics associated with stablecoins,” McGranahan stated. He also highlighted the significance of the Digital Asset Network, which aims to simplify cash off-ramps for digital assets by partnering with wallets and wallet providers, thereby allowing seamless access for customers via Western Union’s extensive global network. Western Union anticipates that USDPT will launch in the first half of 2026, with plans for users to access the stablecoin through partner exchanges, ensuring broad availability and user-friendliness. Stablecoins To Reduce Reliance On Traditional Banking During Western Union’s third quarter of the year earnings call last Thursday, McGranahan revealed that the company has initiated a pilot program utilizing stablecoins for value transfer. He noted that this pilot aims to leverage blockchain technology and stablecoins to decrease reliance on traditional correspondent banking systems, which will help shorten settlement times and enhance capital efficiency. Related Reading: The Next Chapter For Crypto: Legislative Clarity, Institutional Support Set Stage For Major Growth Historically, Western Union has maintained a cautious approach towards crypto, primarily due to concerns regarding volatility, regulatory challenges, and customer protection. However, with the enactment of the GENIUS Act, McGranahan indicated that new opportunities are emerging for integrating digital assets into the company’s operations, enhancing efficiency, reducing friction, and ultimately improving the customer experience. Western Union facilitates the transfer of billions of dollars annually, boasting a market capitalization of over $2.9 billion as of October 28, and generating more than $1 billion in adjusted revenue in the third quarter of the year alone. Despite the announcement, SOL’s price has failed to react positively, currently attempting to hold the $200 line as the cryptocurrency’s next short-term support. Featured image from DALL-E, chart from TradingView.com
Dogecoin saw a sharp jump in trading activity on Tuesday, but prices did not follow immediately. Volume over the last 24 hours rose by 60%, pushing total traded value above $2 billion, according to CoinMarketCap. Related Reading: $10K Is Coming: Arthur Hayes’ Zcash ‘Vibe Check’ Sparks 30% Moonshot Yet the token traded near $0.21 at the time of the report, down about 0.18% in the day and down 12% so far this month. Trading Volume Surges According to CoinMarketCap data, the sudden spike in volume shows many more hands moving DOGE than usual. Reports have disclosed that this wave of trades coincides with renewed interest among retail buyers and larger holders. Data shows that October has historically been a strong month for Dogecoin, with modest gains of 30% to a more impressive 101% from 2021 up to 2024. Those past returns help explain why some traders expect a positive close this month. Whales Move, Exchanges See Flow Reports have disclosed several large transfers tied to the surge. One report described a dormant whale with a 36 DOGE seed reactivating and making a transfer valued at $26.8 million to Binance. Another dormant wallet reportedly moved 15.115 million DOGE, valued at about $2.95 million, out of the same exchange. These movements drew attention because big transfers can change where liquidity sits and how quickly prices move when buying or selling picks up. Another dormant wallet reportedly moved 15 million DOGE, valued at about nearly $3 million, out of Binance. These movements drew attention because big transfers can change where liquidity sits and how quickly prices move when buying or selling picks up. Macro Drivers And Market Sentiment The volume surge came as major cryptocurrencies showed strength. Reports have disclosed Bitcoin moving higher toward $115,000 while Ethereum traded near $4,200. That broader rally can lift smaller tokens as traders rotate capital across markets. Still, metrics are mixed: one recent forecast predicted DOGE could rise by 13% to $0.22 by November 27, 2025, while technical indicators flagged the current sentiment as Bearish and the Fear & Greed Index sat at 50. Outlook And Risks Ahead The picture is straightforward and messy at the same time. Higher volume suggests interest; price action says caution. Whale transfers can both fuel rallies and add selling pressure, depending on intent. Related Reading: Bitcoin Buzz: Michael Saylor Drops ‘Orange Dot Day’ Hint Traders watching the symmetrical triangle will likely wait for a clear break up or down before making bigger bets. Those looking at seasonal trends may find hope in October’s past strength, but historical gains do not guarantee future returns. Featured image from Unsplash, chart from TradingView
Western Union will distribute a Solana-based stablecoin to its 100 million-plus customers starting in the first half of 2026, pairing Anchorage Digital Bank’s federally regulated issuance with a global on/off-ramp network that converts crypto wallet balances to local cash. Announced on Oct. 28, this model challenges the neutral-infrastructure strategies deployed by Visa and Stripe. The […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Over the past year, Bitcoin’s exchange-traded fund (ETF) boom has been celebrated as proof that Wall Street has finally embraced crypto. Yet the numbers reveal something far more fragile. On Oct. 28, Vetle Lunde, head of research at K33 Research, noted that US-traded Bitcoin ETFs have attracted about $26.9 billion in inflows year-to-date. However, that […]
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Strategy Inc., the company led by Michael Saylor that rebranded from MicroStrategy, was hit with a junk credit grade on Monday as S&P Global Ratings flagged its heavy concentration in Bitcoin and weak dollar liquidity. Related Reading: Bitcoin Buzz: Michael Saylor Drops ‘Orange Dot Day’ Hint According to S&P, the firm’s balance sheet is tied closely to the price of Bitcoin and carries risks that traditional ratings models find hard to treat as stable collateral. Bitcoin Holdings Drive The Score Based on reports, Strategy’s Bitcoin stack is enormous — about 640,808 BTC on its books — worth roughly $73 billion to $74 billion at recent prices. S&P said that while the company owns a large digital-asset hoard, the volatility of that asset and the company’s limited cash flow make it risky under S&P’s credit rules. S&P assigned a B- issuer credit rating and kept the outlook stable. That B- places the company squarely in non-investment-grade territory, signaling a higher chance of stress if markets turn against it. S&P Global Ratings has assigned Strategy Inc a ‘B-‘ Issuer Credit Rating (Outlook Stable) — the first-ever rating of a Bitcoin Treasury Company by a major credit rating agency. https://t.co/WLMkFqkkCb — Michael Saylor (@saylor) October 27, 2025 Currency Mismatch And Debt Pressure Reports have disclosed that S&P was particularly concerned about a mismatch: most obligations are owed in US dollars, but most of the company’s value sits in Bitcoin. This gap can force the sale of Bitcoin to meet dollar payments if prices slide. Analysts and commentators pointed to sizable convertible securities and preferred-stock commitments that add cash demands on the company. According to filings and market write-ups, the firm faces billions of dollars in convertible and preferred obligations spread over coming years. Saylor and Strategy have made repeat purchases of Bitcoin as part of their stated plan. Those buys have created big unrealized gains on paper, but S&P’s methodology largely treats the token differently from traditional equity when measuring risk-adjusted capital. Liquidity, Access To Markets S&P noted that, for now, Strategy still has access to capital markets, which is why its outlook is stable rather than immediately negative. But the rating agency warned that a sharp drop in Bitcoin’s price or any sudden tightening of funding channels could trigger a further downgrade. Related Reading: $10K Is Coming: Arthur Hayes’ Zcash ‘Vibe Check’ Sparks 30% Moonshot Market participants will watch funding costs, preferred dividend payments and convertible notes for signs of stress. Investors reacted with mixed signals in early trading. Some buyers treated the downgrade as a formal recognition of a known risk, while others judged the move as a calibration that won’t stop Saylor’s accumulation strategy if markets stay calm. Trading volume and price swings in both Strategy shares and Bitcoin may rise as traders reassess odds. Featured image from Gemini, chart from TradingView
Bitcoin breached $116,000 for the first time in two weeks, and the usual narrative surfaced: inflation hedge. But the data tells a different story. This cycle, Bitcoin trades less like a consumer-price shield and more like a real-time barometer of dollar liquidity and discount rates. The question isn’t whether Bitcoin hedges inflation, but whether a […]
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Bitcoin (BTC) briefly breached $116,000 for the first time in two weeks as traders positioned for a dovish Federal Reserve decision and fresh capital flowed back into digital asset products following October’s risk-off stretch. As of press time, Bitcoin traded at $114,683.03, up 0.15% over 24 hours. The move reflects a convergence of macro tailwinds […]
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The next Federal Open Market Committee (FOMC) meeting is fast approaching, and the bets are already pouring in as to what it would mean for the Bitcoin and crypto industry. The last FOMC meeting took place in September, when the Federal Reserve ended up cutting rates down to 4-4.25% after months of no rate cuts. With this setting the tone, the expectations that another rate cut could be on the way are getting louder, with the FedWatch Tool showing a high percentage. Market Expects Another Rate Cut To 3.75-4% The next FOMC meeting is scheduled for Wednesday, October 29, 2025, and there is already a major clamor around what the Fed is planning on doing. The current market headwinds point to a favorable outcome for risk assets such as Bitcoin and other cryptocurrencies, with expected rate cuts. Related Reading: Here’s What The XRP Open Interest Reset Means For The Price Currently, the CME FedWatch Tool is showing that the probability of a rate cut has risen to 98.3% as of the time of this writing. This leaves only a 1.7% chance that the Federal Reserve will actually leave rates at their current levels, and there is zero chance that there will be a rate hike. A reduction in the rate cuts is good for businesses all around, as lower interest rates mean better loan terms and increased spending and borrowing. Thus, it will increase the participation in the markets, from consumer goods to the stock market, and then make its way into newer markets such as Bitcoin and crypto. Expectations For Bitcoin And Crypto Are Getting Higher A rate cut by the Federal Reserve aligns with the more pro-crypto stance that the United States has been moving in since President Donald Trump was elected. Last week, the president pardoned the Founder and former CEO of the Binance crypto exchange, Changpeng Zhao, after he previously pled guilty to money laundering violations back in 2024. Zhao has since served a 4-month stint before the pardon from Trump came. Related Reading: 100% Of Bitcoin Bull Market Peak Indicators Remain Untouched, Is There Still Room To Run? With the US embracing Bitcoin and crypto again, a rate cut will only further the ascent, allowing more investors to get into the market as liquidity frees up. The initial announcement has been known to trigger a rapid increase in the market. But as the news settles, the crypto market is expected to continue to rise in response. However, nothing is certain until the FOMC meeting is complete and the announcement is made. For the Bitcoin and crypto market to remain bullish, inflation will also have to be reduced, as an increase could trigger more conservative stances from investors. Featured image from Dall.E, chart from TradingView.com
Four altcoin exchange-traded funds (ETFs) begin trading on Oct. 28, marking the first wave of non-Bitcoin, non-Ethereum spot crypto ETFs in the US and potentially catalyzing rotation into altcoin after months of consolidation. Bloomberg senior ETF analyst Eric Balchunas confirmed that NYSE and Nasdaq posted listing notices for the Bitwise Solana Staking ETF. A few […]
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The crypto market, despite experiencing throughout the year major price fluctuations, security incidents, and legal hurdles, has experienced remarkable growth. This can be attributed to the expansion of digital asset treasuries (DATs), increased institutional adoption, and new initiatives aimed at integrating digital assets, particularly stablecoins, into traditional financial sectors. Andreessen Horowitz (a16z) recently shared their projections for the crypto landscape for the remainder of the year and years to come, highlighting nine key trends expected to be major catalysts for the industry. Key Legislative Changes And Institutional Adoption Firstly, market structure legislation in the US is expected to emerge as a critical priority for policymakers and Congress, establishing a clear regulatory framework that supports crypto developers. The passage of the GENIUS Act in July of this year also marked a pivotal moment, garnering bipartisan support and providing builders with much-needed certainty in their endeavors. Related Reading: Canary Capital’s CEO Confirms Spot Hedera And Litecoin ETFs Will Begin Trading Tomorrow Secondly, the adoption of stablecoins is set to accelerate as network effects take hold among financial institutions, merchants, and consumers, thereby enhancing the global standing of the US dollar. Furthermore, major players like JPMorgan, Citi, BlackRock, and Fidelity are amplifying their crypto offerings through new product launches, partnerships, and acquisitions. The infrastructure supporting blockchain technology is also advancing rapidly. Current networks can process over 3,400 transactions per second, marking a 100-fold increase over the past five years. Moreover, a new wave of real-world assets (RWAs) is transitioning onto the blockchain as the worlds of crypto and traditional finance converge. The market for tokenized real-world assets has expanded to nearly $30 billion, with significant contributions from Treasuries, money market funds, and private credit. The Future Of Crypto In parallel, the crypto sector is attracting a growing pool of talent, driven by a more favorable regulatory environment and the emergence of new opportunities for developers. The focus on revenue generation is also shifting within the token ecosystem. More tokens are implementing fee mechanisms, redirecting attention toward fundamental value. In the past year, users have paid $33 billion in fees, resulting in $18 billion for projects and $4 billion for token holders. Related Reading: ETF Delays Shake Market Confidence, But XRP’s Volume Spike Supports a $2.9 Bullish Signal Innovative consumer products are also expected to drive the next wave of crypto adoption. Although approximately 716 million people now own cryptocurrency, only 40 to 70 million are considered active users. Ultimately, 2025 is poised to lay the groundwork and establish the foundations for the years to come. It is expected to be a transformative year for the crypto industry, characterized by widespread institutional adoption, regulatory clarity, and tangible utility. Featured image from DALL-E, chart from TradingView.com
Despite facing criticism for lagging behind the United States in creating a more accommodating environment for cryptocurrency growth and adoption, China reaffirmed its stringent stance on crypto once again this week. Authorities issued warnings about the alleged risks posed by stablecoins, particularly amid concerns that the US may have solidified its dollar dominance through these digital assets. US GENIUS Act Vs. China’s Crypto Caution According to local media reports, Pan Gongsheng, governor of the People’s Bank of China, announced plans to expand the use of the country’s central bank digital currency (CBDC), known as the “e-CNY.” He remarked, “[Stablecoins] are still in their early stages of development,” emphasizing that financial regulators globally remain cautious about these assets, which are typically pegged to other currencies. Related Reading: Digital Yen Goes Live: JPYC EX Integrates Traditional Finance With DeFi In the United States, however, Trump’s policies toward digital assets have resulted in the passage of the GENIUS Act, as the first crypto bill aimed at laying the framework for the adoption of these dollar-pegged cryptocurrencies. Yet, Pan highlighted that stablecoins currently fail to meet essential requirements such as customer identification and anti-money laundering (AML) measures, which could allegedly exacerbate gaps in global financial regulation. He expressed concern that these issues foster a “speculative market atmosphere,” increasing vulnerabilities in the global financial system and affecting the monetary sovereignty of less developed economies. The central bank plans to collaborate with law enforcement to continue cracking down on domestic operations and speculation related to crypto. “The policies and measures implemented since 2017 to address risks associated with virtual currencies remain in effect,” he stated. Regulatory Revisions Ahead Despite China’s continuous crypto crackdown, research on stablecoins is progressing within China. The country’s largest government-backed research fund recently opened applications for studies focused on stablecoins and their cross-border monitoring systems, offering grants ranging from 200,000 yuan (approximately $28,083) to 300,000 yuan ($42,126). The central bank also plans to optimize the positioning of the digital yuan, allowing more commercial banks to participate in the pilot program that has been running in over two dozen cities since 2019, accumulating a transaction value exceeding 14 trillion yuan. Related Reading: Crypto Analyst Shows The Possibility Of The Ethereum Price Reaching $16,000 Zhu Hexin, director of the State Administration of Foreign Exchange, indicated that nine new policy measures would soon be introduced to promote trade innovation and development, with the potential to bring positive developments for the growth of the crypto ecosystem in the Asian country. Wu Qing, chairman of the China Securities Regulatory Commission, also hinted at the possibility of such measures, stating that the regulator would review listing standards on the Shenzhen Stock Exchange’s ChiNext board to better align with the characteristics of emerging fields and future industries. Featured image from DALL-E, chart from TradingView.com
Bitcoin edged higher on Sunday as signs of easing US-China trade tensions lifted risk assets, while Strategy’s founder hinted the company kept adding to its Bitcoin holdings. Related Reading: $10K Is Coming: Arthur Hayes’ Zcash ‘Vibe Check’ Sparks 30% Moonshot Strategy Keeps Buying Michael Saylor posted a chart on October 26 that uses orange dots to mark recent purchases. The visual cue has become his shorthand for new buys. Based on reports, Strategy added 387 BTC between October 13 and October 20, bringing its total to 640,418 BTC. That number is striking on its own. It shows a steady, deliberate approach to buying even when prices are volatile. Strategy’s disclosed average cost for its Bitcoin stands at $74,010. The company’s moves lately have been small compared with September, when it took in more than 7,000 BTC across several large transactions. The size of any fresh purchases this week has not been publicly revealed. At the same time, Bitcoin’s market moves were influenced by broader news. The price of Bitcoin rose about 1.6% on Sunday, while Ethereum gained roughly 2.8%. Short-term swings appear driven more by headlines than by a single company’s actions. It’s Orange Dot Day. pic.twitter.com/5FSGmxwoNS — Michael Saylor (@saylor) October 26, 2025 Holdings, Valuation And Track Record Based on reports, at prices a little over $115,000 per BTC, Strategy’s Bitcoin stash is valued at around $72 billion. That valuation implies a paper gain of more than $25 billion over a total cost basis of about $47.4 billion since the program began in 2020. Reports have logged 83 separate purchase events in that time, a pattern that has left investors with a clear view of the firm’s playbook: buy repeatedly and report afterward. Some of the buying was concentrated in September, when the firm added thousands of coins in a few large moves. Recently, however, allocations have looked smaller and more frequent. That shift suggests a preference for steady accumulation rather than single big bets. Buying Behavior And Market Response Strategy shares have been trading above the company’s net asset value. That fact suggests investors are comfortable owning MSTR as a way to gain Bitcoin exposure without buying the token directly. The company’s method — announce purchases after the fact and let the market reflect the holdings — has been consistent and predictable. Related Reading: XRP: The Catalyst For ‘Humanity’s Greatest Shift’ By 2030 —Analyst Geopolitical Headlines Drive Volatility Meanwhile, officials from the US and China signaled progress in trade talks, and that helped calm some investors. According to reports, Scott Bessent told CBS News he expected the threat of 100% tariffs and an immediate export control regime to have receded. Earlier in October, China announced tighter limits on rare earth exports used in chip manufacturing. On October 11, US President Donald Trump said he would impose an additional 100% tariff on Chinese goods and planned export controls on certain software to take effect on November 1. Those days of sharp rhetoric caused heavy losses across markets and triggered one of the largest liquidation events in crypto this year. Featured image from Gemini, chart from TradingView
Data shows cryptocurrency short investors have suffered large liquidations during the past day as Bitcoin and altcoins have made a recovery. Bitcoin, Ethereum Have Surged In The Last 24 Hours Bitcoin and other cryptocurrencies have witnessed a rally during the past day, breaking away from the slump the market had earlier fallen into. At the height of this surge, Bitcoin broke past $116,000, while Ethereum touched $4,250. Related Reading: XRP Flashes TD Buy Signal: Start Of Fresh Rally? The assets have since seen a small retracement. The chart below shows how BTC’s latest trajectory has looked. At its current price of $115,400, Bitcoin is up about 4% on the weekly timeframe. Similarly, Ethereum at $4,160 is in a profit of 3.4%. Most other digital assets have seen similarly positive returns, although there are some outliers like Tron, which is down more than 7%. The market-wide recovery during the past day has meant that a large amount of short liquidations have piled up on the derivatives exchanges. Crypto Market Liquidations Have Totaled At $467 Million According to data from CoinGlass, about $467 million in cryptocurrency-related derivatives contracts have been liquidated over the last 24 hours. A contract is said to be “liquidated” when its platform forcibly shuts it down after it accumulates losses of a certain degree (as defined by the exchange). Given that coins across the board have rebounded, the contracts crossing this threshold would mostly be the short ones. And indeed, the data would confirm so. As is visible above, liquidations related to bearish cryptocurrency bets have reached $358 million in this window, representing 76.6% of the total flush in the sector. Bitcoin led the liquidations with $177 million in contracts involved, while Ethereum contributed the second most with $130 million in contracts. Out of the rest, Solana witnessed the largest flush at $34 million. In some other news, Bitcoin spot exchange-traded funds (ETFs) have observed a notable amount of inflows over the past month, as CryptoQuant community analyst Maartunn has pointed out in an X post. Related Reading: Bitcoin Could Drop To $97,500 If This Key On-Chain Level Fails, Glassnode Warns Spot ETFs refer to investment vehicles that allow investors to gain exposure to an asset without having to directly own it. The US SEC approved BTC spot ETFs in January of 2024. Here is the chart shared by the analyst that shows how the 30-day netflow for these vehicles has fluctuated since: As displayed in the above graph, Bitcoin spot ETFs have seen inflows of $4.7 billion during the past month. Ethereum spot ETFs, which gained approval in mid-2024, have also enjoyed inflows in this period, although their value of $983 million is significantly less than BTC’s. Featured image from Dall-E, CoinGlass.com, CryptoQuant.com, chart from TradingView.com
A Madras High Court judge barred WazirX from reallocating a customer’s XRP holdings and declared cryptocurrency qualifies as property under Indian law, setting a precedent that may reshape how exchanges handle user assets during insolvency proceedings across multiple jurisdictions. As The Times of India reported on Oct. 25, Justice N Anand Venkatesh ruled that the […]
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Robinhood was leading among the exchanges and Trump-affiliated American Bitcoin was higher by 10% after adding to its bitcoin stack.
What began as a triumphant October for bitcoin quickly devolved into chaos as a $19 billion derivatives wipeout and a 17% price plunge left traders reeling.