On-chain data suggests Bitcoin isn’t overheated yet, with $122,000 and $138,000 emerging as the next significant resistance levels to watch for BTC price. Key takeaways: BTC must clear the next significant resistance level to unlock targets at $127,000–$137,000. On-chain data shows room to run, with $122,000 and $138,000 as the key risk levels. Read more
Tornado Cash co-founder Roman Storm asks a US judge to dismiss his conviction, arguing that prosecutors failed to prove his intent to help bad actors. Roman Storm, co-founder of Tornado Cash, has asked a US federal judge to acquit him of his sole conviction for unlicensed money transmission and the jury’s hung counts for money laundering and sanctions violations, arguing prosecutors failed to prove he intended to help bad actors misuse the crypto mixer. According to legal documents filed on Sept. 30 to the US District Court for the Southern District of New York and reviewed by Cointelegraph, Storm’s defense argued prosecutors failed to prove he intended to help bad actors use Tornado Cash. This, according to the defense, would nullify the grounds for his conviction based on negligent inaction. “Storm and bad actors was a claim that he knew they were using Tornado Cash and failed to take sufficient measures to stop them. This is a negligence theory,” the motion states. Read more
Market analysts and several metrics suggested that Bitcoin’s massive upward move was about to begin after BTC price closed September green. Key takeaways: The stablecoin SSR RSI signals “buy,” indicating high buying power. Long-term Bitcoin holders have accumulated 298,000 BTC. Read more
CoinShares is set to acquire investment manager Bastion Asset Management to launch actively managed crypto ETFs in the US. European crypto asset manager CoinShares is set to make another strategic acquisition as the company prepares to go public in the United States. CoinShares announced Wednesday that it will acquire London-based crypto investment manager Bastion Asset Management as part of its strategy to expand crypto investment products in the US. The deal, pending approval from the UK Financial Conduct Authority, will see CoinShares fully integrate Bastion’s trading capabilities, strategies and team into its platform. The terms of the deal were not disclosed. Read more