Bitcoin traders expect the asset to “bounce soon,” while an XRP DAT and looming ETF approvals brought bulls back out to fight: Trade Secrets. Welcome to Trade Secrets Bitcoin and Ether price predictions from top analysts, along with options data, sentiment analysis and prediction markets to determine what they can tell us about the months and years ahead. Bitcoin is facing a critical two-month countdown before market sentiment could shift dramatically for the asset, warns crypto analyst Will Clemente. If Bitcoin doesnt catch up to gold/stocks by EOY, on a risk-adjusted basis, its going to be tougher to make a case for it going forward as anything more than a diversifier, Clemente said. Read more
Solana price data strongly suggests that the recent correction to $174 was a buy-the-dip opportunity as traders eye a rally to $250. Key takeaways: Solana's double-bottom below $180 signals potential price recovery to $250. Institutional demand for SOL rises with $156 million in weekly ETP inflows, driven by hype for potential Solana ETF approvals. Read more
Echo, a crowdfunding platform whose first fundraising project was Ethena, has been acquired by Coinbase after operating for less than two years. Major US cryptocurrency exchange Coinbase has acquired Echo, a platform that allows communities to raise capital targeting early-stage projects and startups. Coinbase struck a $375 million deal to acquire Echo, a crowdfunding platform founded by crypto trader Jordan Fish, known in the community as Cobie, the company announced on Tuesday. The acquisition came the day after Coinbase sent $25 million in USDC (USDC) to Cobie’s wallet to acquire and burn a non-fungible token (NFT) and revive his UpOnly podcast. Read more
The Bank of England is launching a consultation on new stablecoin rules that mirror the US approach to fiat-pegged crypto assets. United Kingdom-based crypto trade association CryptoUK welcomed reports that the Bank of England (BoE) plans to launch a consultation on stablecoin regulation in November, saying alignment with United States policy would strengthen confidence in the country’s digital asset industry. In comments sent to Cointelegraph, a CryptoUK spokesperson said that matching the US approach to stablecoin oversight would “provide more confidence to the industry” and ensure that the UK “keeps pace” with its global peers. “Ultimately, it is important that the UK keeps pace with the US and other jurisdictions – the crypto industry is truly global and that means the competitive landscape shifts quickly for our members,” the spokesperson said. Read more