Bitcoin’s rebound toward $69,000 is gaining momentum as Geoff Kendrick points to improving liquidity conditions and a potential cycle bottom. Bitcoin could be poised for a run toward $100,000 by year-end as the US Treasury ramps up support for the long end of the government bond market in an effort to rein in surging interest rates, according to Standard Chartered analyst Geoff Kendrick. In a recent client note shared with Cointelegraph, Kendrick said Bitcoin’s (BTC) key technical level is $65,500, with a break above that threshold potentially confirming that the cycle low is already in. “Investors should now be positioning for a move ot USD $100,000 by year-end 2026,” he wrote. Read more
The consent orders ended the CFTC’s case against two former crypto executives after FTX and Alameda agreed to $12.7 billion in disgorgement and restitution payments in August 2024. The US Commodity Futures Trading Commission (CFTC) announced consent orders related to its civil cases against former Alameda Research CEO Caroline Ellison and FTX co-founder Zixiao “Gary” Wang. The orders, filed in the US District Court for the Southern District of New York on Tuesday, require Ellison and Wang to continue cooperating with the CFTC and imposed a five-year trading ban on both former executives. Ellison also received a 10-year registration ban, while the commodities regulator imposed an eight-year registration ban on Wang. “Ellison and Wang were senior executives who committed fraud at Alameda and FTX for which they were found liable,” said the CFTC’s enforcement director, David Miller. “Their sanctions, however, reflect their material assistance in the Commission’s FTX-related investigations.” Read more
Bitcoin joined US stocks in a broad rally after the US Treasury announced that it was at least doubling the amount of its debt buyback operations from September. Bitcoin (BTC) saw its highest levels since the start of June after Wednesday’s Wall Street open as markets reacted to a US government liquidity move. Key points: Read more
Injective’s affiliated entity can now maintain securities ownership records, adding regulated market infrastructure to its growing push into tokenized assets. Injective Institutional Services, an entity affiliated with the Injective blockchain ecosystem, said its registration with the US Securities and Exchange Commission (SEC) as a transfer agent is now effective, adding a regulated securities recordkeeping function to Injective’s tokenization infrastructure. Wednesday’s announcement said that the registration allows the affiliate to maintain securities ownership records and process ownership changes, an important function in traditional securities markets that could also support tokenized real-world assets (RWAs). The company plans to pair the transfer agent function with Injective Mint, its platform for issuing and managing tokenized assets. Read more