‍Bitcoin's Next Move: Experts Predict Short-Term Dip Before New ATHs Market observers anticipate a potential short-term correction for Bitcoin, followed by a surge to new all-time highs (ATHs). Veteran trader Peter Brandt foresees a significant "shakeout" before Bitcoin reclaims its $125,100 ATH, possibly within the next week. This outlook follows a recent market downturn triggered by US tariffs, which liquidated over $19 billion and caused BTC to drop from $121,000 to $102,000 before a partial recovery. Charles Edwards advises caution with leverage, noting its inherent risks even at multiples above 1.5x. Arthur Hayes, co-founder of BitMEX, remains bullish, advocating for aggressive buying following signals that quantitative tightening by the US Federal Reserve may be ending, a move generally favorable for crypto. Analysts like Pav Hundal point to favorable macroeconomic data, including declining inflation and signs of distress in the US labor market, creating a "goldilocks zone" for Bitcoin and suggesting rate cuts are inevitable. Macroeconomist Lyn Alden also anticipates a favorable upcoming quarter for the cryptocurrency. Key factors include: • Potential short-term correction before ATHs. • Risk management crucial due to leverage volatility. • End of quantitative tightening and potential rate cuts are bullish. • Favorable inflation and labor market conditions.
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Bitcoin
Key takeaway: Bitcoin is at a pivotal moment, with analysts forecasting a potential short-term correction before reaching new all-time highs (ATHs)...
‍DMD Diamond Launches Association to Boost Decentralization and Ecosystem Growth The DMD Diamond blockchain project has announced the formation of the DMD Diamond Association, a non-profit organization designed to support decentralization and ecosystem expansion ahead of the DMDV4 mainnet launch. The Association will focus on fostering collaboration among developers and users, stimulating dApp and smart contract creation, and promoting decentralized governance. Its operations will be funded by community donations and DAO proposals. Helmut Siedl, Chairman of the Association, stated: "Creating the DMD Diamond Association is a logical step in our 12 years of development, which will allow us to strengthen our position in the market and attract new talented developers and dedicated users."
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DMD Diamond Unveils New Association to Champion Decentralization and Ecosystem Growth
The long-standing DMD Diamond blockchain project is taking a significant step towards reinforcing its commitment to decentralization and ecosystem...
‍Sorare Migrates to Solana, Citing Scalability and User Base The fantasy sports crypto platform Sorare is moving its core operations from Ethereum to Solana after six years, aiming to leverage Solana's scalability and user base. CEO Nicolas Julia described the move as an "upgrade," with over 10 sports games and associated trading cards transitioning to the Solana blockchain by the end of this month. Despite the migration, Julia stated, "We remain very bullish on Ethereum
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Sorare
Sorare, the prominent fantasy sports crypto platform, has announced a significant shift, migrating its core operations from Ethereum to Solana afte...
‍Coinbase Invests in CoinDCX, Building India-Middle East Crypto Corridor Global crypto exchange Coinbase has announced a strategic investment in Indian platform CoinDCX, valued at $2.45 billion post-money. This partnership aims to create a key "regional corridor" connecting India's tech talent and user base with the Middle East's capital and evolving regulatory landscape. Coinbase CEO Brian Armstrong noted the rapid tech adoption and existing 100M+ crypto holders in India and the Middle East as key drivers. This collaboration could accelerate the development of clearer crypto regulatory frameworks in the region.
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Coinbase Forges Strategic Alliance with CoinDCX, Unlocking India-Middle East Crypto Corridor
Global crypto giant Coinbase is making a significant move to deepen its footprint in emerging markets, announcing a strategic investment in Indian...
‍Crypto Navigates From Speculation to Strategy The cryptocurrency market is maturing, attracting institutional interest and necessitating a more disciplined investment approach. Historically driven by sentiment, digital assets often lack traditional financial metrics, making them highly speculative. The unchecked availability of high leverage on crypto exchanges amplifies market swings, leading to devastating liquidations. As major institutions enter the space, individual investors must shift from speculative mindsets to strategic foresight, prioritizing risk management, focusing on fundamentals, and diversifying wisely. Overconfidence and over-leverage are significant risks in this evolving ecosystem.
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From Speculation to Strategy: Navigating Crypto
Crypto has long been characterized by its unique blend of innovation and volatility, often driven more by sentiment than traditional financial...
‍Stripe Enters Race for Federal Stablecoin Charter Stripe’s stablecoin arm, Bridge, has applied to the OCC for a national trust bank charter, aligning with the new GENIUS Act. This move seeks federal oversight for stablecoin issuance and custody, potentially enabling the tokenization of trillions. Other major players like Circle, Ripple, Paxos, and Coinbase are also pursuing similar federal licenses. This shift from state to federal regulation aims to enhance trust, stability, and interoperability within the digital asset ecosystem, marking a significant step for U.S. stablecoin infrastructure.
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The Great Stablecoin Charter Race: US Federal Recognition Heats Up
Stripe’s stablecoin infrastructure arm, Bridge, has officially entered the race for federal regulatory approval, submitting an application to the...
‍$19 Billion Crypto Shockwave: USDE Liquidation and Oracle Risks Exposed The crypto market saw its largest liquidation event ever on October 10, with over $19 billion liquidated. Investigations reveal critical vulnerabilities in Binance's pricing oracles for pegged tokens like USDE, which used internal data. This led to a catastrophic drop, with USDE losing its peg. Data from Rena Labs shows market makers rapidly withdrew liquidity, causing USDE’s price to plummet to $0.68 on Binance, despite no fundamental concerns about its collateral. Pre-crisis anomalies, including unusual trading patterns and order spoofing, were detected. This event highlights the market's fragility and the risks of leverage.
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The $19 Billion Crypto Shockwave: Unpacking the USDE Liquidation and Oracle Risks
The cryptocurrency market experienced its largest liquidation event in history on October 10, with over $19 billion liquidated and a staggering $65...
‍Japan Introduces Ban on Crypto Insider Trading Japan is set to implement a ban on cryptocurrency insider trading, aiming to enhance market integrity. The Securities and Exchange Surveillance Commission (SESC) will gain authority to investigate and pursue cases involving non-public information. New laws are expected by 2026. This move addresses practices where individuals profit from undisclosed information, similar to a 2022 U.S. case involving a former Coinbase manager. Given Japan's history with crypto, including the Mt. Gox exchange incident, stricter oversight is deemed crucial for investor trust.
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Japan Takes Aim: Crypto Insider Trading Ban on the Horizon
Japan, a nation with a significant history in the digital asset space, is poised to implement a groundbreaking ban on cryptocurrency insider tradin...
‍US Bill Aims to Permanently Allow Crypto in 401(k) Accounts A new bill in the U.S. House of Representatives seeks to codify executive order 14330, allowing alternative assets like digital assets in 401(k) plans. Introduced by Rep. Troy Downing, the bill aims to provide long-term stability for this policy, which was previously an executive order. The Department of Labor, SEC, and Treasury Secretary would be required to review and provide guidance for 401(k) plans within six months. This move follows the withdrawal of previous Biden-era guidance cautioning against crypto in retirement plans and reflects a growing push for digital asset integration into the $9.3 trillion 401(k) market.
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Unlocking Crypto for Retirement: US Bill Seeks to Codify 401(k) Access
A significant development is underway in the United States, potentially paving the way for wider cryptocurrency adoption in retirement savings....