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Creating a national Bitcoin reserve could prove disastrous for markets, as it would signal an immediate shift in the global financial order. Establishing a national Bitcoin (BTC) strategic reserve may create negative market impacts for BTC and the US dollar, according to Haider Rafique, global managing partner for government and investor relations at crypto exchange OKX. Rafique told Cointelegraph that any government holding significant portions of the BTC supply could manipulate prices by dumping its holdings onto the market, thereby disrupting the core proposition of BTC as neutral, decentralized money. He asked: “What happens in a few years if a new administration decides this was a bad idea?” Rafique added: Read more
Traditional financial instruments cushion volatility and attract institutional investors to Bitcoin — a sign of market maturation. Derivatives products, like options contracts — financial instruments that give investors the right but not the obligation to buy or sell an asset at a pre-determined price — will drive the Bitcoin (BTC) market capitalization to at least $10 trillion, according to market analyst James Van Straten. Van Straten said that options and other derivatives attract institutional investors and cushion markets from the high volatility that is a hallmark of digital assets. He pointed to open interest for BTC futures on the Chicago Mercantile Exchange (CME), the world's largest derivatives marketplace, as evidence of a shift. Van Straten wrote: Read more
Investor psychology has not changed in the ensuing 25 years since the dotcom-era bust that took down the US stock market in the early 2000s. The crypto treasury narrative, which has become a major feature of the current market cycle, parallels investor sentiment from the dotcom era of the late 1990s and early 2000s, which caused the stock market to sink by about 80%, according to Ray Youssef, founder of peer-to-peer lending platform NoOnes app. The same overzealous investor psychology that led to over-investment in early internet and tech companies during the dotcom crash has not disappeared due to the presence of financial institutions in crypto, Youssef told Cointelegraph. He said: Today, the global financial market is driven by the idea of cryptocurrency, decentralized finance, and the Web3 revolution,” he added. Read more
The UK government talks about becoming a “leading global crypto hub,” but slow policy development and fragmented regulation risk losing ground to competitors. Opinion by: Azariah Nukajam, head of regulation and compliance at Gemini The UK is at a critical juncture in its approach to the rapidly evolving digital assets space. Having solidified itself as a financial powerhouse in the modern global economy, the government has often spoken about making the UK a “leading global crypto hub.” Policy development has, however, been slow, fragmented and insufficiently ambitious. Read more
Retail and quants are fueling DEXs like Hyperliquid, while CEXs hold institutional ground. Aster’s rise adds new pressure to the onchain race. Decentralized exchanges (DEXs) are rapidly gaining traction among retail traders and quants, while institutions continue to favor centralized platforms, according to Bitget Wallet’s chief marketing officer Jamie Elkaleh. Elkaleh told Cointelegraph that the strongest adoption of platforms like Hyperliquid is “coming from retail traders and semi-professional quants.” Retail users are drawn in by airdrop cultures and points systems, while quants favor “low fees, fast fills, and programmable strategies,” he said. However, institutional desks still rely on centralized exchanges (CEXs) due to their support for fiat rails, compliance services and prime brokerage offerings. Read more
Trump-backed WLFI has burned $1.43 million in tokens after a $1.06 million buyback funded by DeFi fees, with another 3.06 million tokens remain unburned. World Liberty Financial (WLFI), the President Donald Trump-affiliated decentralized finance project, has burned 7.89 million WLFI tokens, worth approximately $1.43 million, following a $1.06 million buyback across different chains. Onchain data gathered by Lookonchain shows the project collected 4.91 million WLFI ($1.01 million) and $1.06 million in fees and liquidity earnings from its DeFi activities, and spent $1.06 million to repurchase 6.04 million WLFI on the open market. The team later burned 7.89 million WLFI on BNB Smart Chain (BNB) and Ethereum (ETH), while 3.06 million WLFI ($638,000) remains unburned on Solana (SOL) pending further actions. Read more
The five straight days of spot Ether ETF outflows come amid recent data suggesting weakening retail participation in the asset. US-based spot Ether exchange-traded funds (ETF) have posted five straight net outflow days as the asset’s price slid around 10% over the week. On Friday, spot Ether (ETH) ETFs closed the trading week with $248.4 million in daily outflows, bringing total weekly outflows to $795.8 million, according to Farside data. Meanwhile, the price of Ether fell 10.25% over the past seven days, trading at $4,013 at the time of publication, according to CoinMarketCap data. Read more
Vitalik Buterin has opposed the EU’s proposed Chat Control law, warning it undermines digital privacy and creates surveillance backdoors. Ethereum co-founder Vitalik Buterin has criticized the European Union’s proposed “Chat Control” legislation, warning that it threatens the right to privacy in digital communications. In a Saturday post shared on X, Buterin voiced opposition to mandatory surveillance measures that would require tech platforms to scan private messages for illegal content. “We all deserve privacy and security… for our private communications,” Buterin said. “You cannot make society secure by making people insecure,” he wrote, arguing that backdoors built for law enforcement are “inevitably hackable” and undermine the safety of everyone. Read more
Despite numerous calls for higher BTC prices in October, Bitcoin would repeat history with a steep drop toward $60,000 first. Key takeaways: Bitcoin price charts from 2021 hint at a crash toward $60,000 if history repeats. Bulls see $104,000 support holding, with targets at $140,000 or higher. Read more
The two-week approval forecast follows analyst predictions that additional crypto ETF approvals could be a key catalyst for a broader altcoin season. Several applications for Solana exchange-traded funds (ETFs) with staking could receive US approval by mid-October, ETF analyst Nate Geraci said, following fresh regulatory filings. “Guessing these are approved [within the] next two weeks,” Geraci, the president of NovaDius Wealth Management, said in an X post on Friday. Geraci noted that asset managers Franklin Templeton, Fidelity Investments, CoinShares, Bitwise Asset Management, Grayscale Investments, VanEck, and Canary Capital all filed amended S-1 documents for spot Solana (SOL) ETFs to the US Securities and Exchange Commission (SEC) on Friday. The S-1 document is a comprehensive disclosure outlining the company’s financials, risk profile, and the securities they intend to offer. Read more
Mike Novogratz said “of course” Bitcoin could reach $200,000 if the Federal Reserve adopts a highly dovish stance following a leadership change. Galaxy Digital CEO Mike Novogratz said Bitcoin’s price could see a significant rally if the next US Federal Reserve chair nominee to replace Jerome Powell is exceptionally dovish. “That’s the potential biggest bull catalyst for Bitcoin and the rest of crypto,” Novogratz said in an interview with Kyle Chasse published to YouTube on Friday. “Fed’s cutting when they shouldn’t be, and you put in a massive dove,” Novogratz said, adding that may lead to “your blow-off top” moment for Bitcoin (BTC). Read more
Bitcoin struggles to recover and rally despite favorable macroeconomic trends that have sent stock prices higher. What will it take to overcome $110,000? Key takeaways: Strong US economic data and rising gold prices shift investor focus away from Bitcoin's upside. Regulatory uncertainty and vague US Strategic Bitcoin Reserve plans keep BTC price down despite macro tailwinds. Read more
XRP consolidated near $2.75 with bearish pressure looming. Onchain data and liquidity compression suggest a possible dip before a price rebound. Key takeaways: XRP hovered near the $2.75 support, risking an 8–10% drop to $2.50. Onchain URPD data indicated a strong buyer cluster around $2.45–$2.55. Read more
Moody’s warns “cryptoization” is undermining monetary policy and bank deposits in emerging markets amid uneven regulatory oversight. As stablecoin and cryptocurrency adoption accelerate worldwide, emerging markets face mounting risks to monetary sovereignty and financial stability, according to a new report from Moody’s Ratings. The credit rating service warned that widespread use of stablecoins — tokens pegged 1:1 with another asset, usually a fiat currency like the US dollar — could weaken central banks’ control over interest rates and exchange rate stability, a trend called “cryptoization.” Banks could also “face deposit erosion if individuals shift savings from domestic bank deposits into stablecoins or crypto wallets,” the report said. Read more
Though she said she was joking about “becoming an NFT creator” after her time at the SEC, the commissioner signaled she was working “to get crypto policy right” first. Hester Peirce, a commissioner at the US Securities and Exchange Commission (SEC) known by many in the industry as “Crypto Mom,” gave a speech laced with non-fungible token (NFT) metaphors and a review of the agency’s approach to digital assets. Speaking at a Coin Center event on Thursday, Peirce seemed to joke in response to speculation that her “days at the SEC [were] numbered,” given her term officially expired in June. However, statutes allow SEC commissioners to serve up to an additional 18 months until the US Senate confirms a replacement. “A lot of people have asked me what is next,” said Peirce. “I could leave the government and do a 180 on crypto, but that career path is too well-trodden for me. My plan long had been to transition to beekeeping—honey is delicious and nutritious, and bees sting with less glee than most of my Twitter com...
High stablecoin market growth in 2025 signals a $1.9 trillion base case and a $4 trillion bull case by 2030, Citi's analysts said. Citi, an international banking and financial services company, revised its stablecoin forecast due to the strong growth of the sector in the last six months, and now projects the stablecoin market cap will grow to $4 trillion by 2030. Analysts at Citi project a $1.9 trillion stablecoin market as their “base” case and up to $4 trillion as the “bull” case, up from previous projections of $1.6 trillion and $3.7 trillion, respectively, according to Thursday’s forecast. Analysts at Citi also said stablecoins would not disrupt the banking sector, contrary to concerns voiced by the banking industry, but would help overhaul the financial system, alongside tools like tokenized bank deposits. Citi wrote: Read more
Bitcoin is down 5%, its sharpest weekly drop since March, but October seasonality and long-term holder stability suggest a potential recovery ahead. Key takeaways: Bitcoin suffers its steepest weekly decline since March, slipping under $110,000. Over $15 billion in leveraged positions were flushed out, signaling a reset in risk appetite. Read more
SoftBank and ARK are reportedly eyeing an investment in Tether, a move that could value the stablecoin issuer at up to $500 billion as it diversifies beyond USDT. At least two high-profile investment companies are reportedly vying to back stablecoin issuer Tether as it looks to sell roughly 3% of its equity — a move that underscores pent-up investor demand for one of the world’s most profitable companies. According to Bloomberg, venture capital giants SoftBank Group and ARK Investment Management are among potential investors considering a combined investment of up to $20 billion in Tether. As Cointelegraph reported this week, if successful, the funding round could value the company at up to $500 billion, placing it among the world’s most valuable private enterprises. Read more
According to Grayscale, some market sectors benefited from significant changes to US policy in the third quarter, but Bitcoin underperformed compared to Ether and others. Asset management company Grayscale has suggested that the third quarter of 2025 may have represented an altcoin season “distinct from those in the past,” based in part on the underperformance of Bitcoin and a boost from centralized exchanges. According to a Grayscale report released on Thursday, though returns across crypto-related markets, including Bitcoin (BTC), Ether (ETH), AI, and smart contracts, were positive in Q3, the quarter may have stood out as an “alt season.” The asset manager said the smart contracts sector benefited from stablecoin legislation — likely referring to the GENIUS Act signed into law in the US in July — while AI, currencies and BTC lagged behind. “Bitcoin underperformed other market segments, and the pattern of returns could be considered a crypto ‘alt season’ — although distinct from other periods of falling Bitc...
Two Nasdaq-listed DATs are investing in The Open Network's native token, allocating millions to token reserves even as the asset and their share prices decline. Another publicly listed company is moving into the digital asset treasury market, targeting exposure to The Open Network native coin, even as the token’s price continues to slump. In a Thursday announcement, AlphaTON, formerly Portage Biotech, said it purchased $30 million worth of Toncoin (TON) tokens as part of its crypto accumulation strategy. The token is down roughly 13% over the past month. With the purchase, AlphaTON became the second Toncoin-focused digital asset treasury (DAT), joining TON Strategy Co., which rebranded from Verb Technology Company in August. Read more5759 items