A record weekly close above $123,000 for Bitcoin confirms a new phase of price discovery as onchain and futures metrics point to bulls running the show. Key takeaways: Bitcoin’s price discovery reached its strongest weekly close at $123,400. Onchain metrics and futures data show sustained bullish control above $122,000. Read more
How Pump.fun’s one-click minting, bonding-curve graduation and locked liquidity drove Solana’s memecoin dominance: the risks and metrics to watch next. One-click minting, bonding-curve “graduation” and locked LPs concentrated liquidity, pushing Pump.fun’s share to 75%-80% at its peak. Launches and fees are cyclical. After plunging 80% from January highs, activity snapped back by late August. Rivals (LetsBonk, HeavenDEX, Raydium LaunchLab) can flip share in the short term with fees or incentives, but network effects often pull activity back. Read more
How a US SOL ETF could shift access, flows and usage — plus the key metrics to watch to see whether Solana outperforms Ether. ETH ETFs have opened access, but flows remain cyclical. SOL’s plumbing is set: CME futures are live, with options slated for Oct. 13 (pending approval). The SEC’s generic standards now allow faster spot-commodity ETP listings beyond BTC and ETH. Read more
ESMA moves to take direct control of crypto oversight under MiCA as EU states clash over cross-border licensing and fragmented market supervision. The European Union’s markets regulator is preparing to expand its authority to cover cryptocurrency exchanges and other operators, a move officials say would better align oversight with the bloc’s newly implemented Markets in Crypto-Assets (MiCA) framework. Verena Ross, chair of the European Securities and Markets Authority (ESMA), confirmed in an interview with the Financial Times that the European Commission is developing plans to shift supervision of several financial sectors, including crypto, from national regulators to ESMA. Ross said the reform would help build “a more integrated and globally competitive” EU financial landscape. The proposal aims to address “continued fragmentation in markets” and move closer to a unified capital market across Europe, she said. Read more