Mike Selig, chief counsel of the SEC’s cryptocurrency task force, is emerging as the frontrunner to chair the Commodity Futures Trading Commission (CFTC). According to Politico, Selig, a former partner at Willkie Farr & Gallagher and one-time law clerk to ex-CFTC Chair Chris Giancarlo, is reportedly pulling ahead of other candidates in the private selection…
Bitcoin back in the flow: $985m in a day, $60b and counting
Ethereum price is off to a strong start in October, fueled by the so-called ‘Uptober’ rally and surging inflows into exchange-traded funds, as it nears a crucial milestone. Summary Ethereum price has formed a bullish flag pattern on the daily chart. The Murrey Math Line tool points to a jump to $5,625 soon. Ethereum ETFs…
The Ethereum Foundation will sell 1,000 ETH and use the funds to support initiatives such as research, grants, and donations. Summary Ethereum Foundation plans to convert 1,000 ETH into stablecoins via CoWSwap. The non-profit entity, which supports the Ethereum ecosystem’s development, will use the funds on research and development, grants and donations. EF also announced…
Sid Powell, CEO of Maple Finance, says that Bitcoin lending will reach $200 billion, and that BTC is this generation’s wealth engine. Summary Maple Finance CEO Sid Powell believes that Bitcoin lending will 10x in three years Rate cuts are making DeFi more attractive for investors Bitcoin is this generation’s wealth engine, like housing was…
The MSTR stock price has moved into a bull market this month as it jumped by more than 20% from its lowest level in September, while Bitcoin rebounded. Summary MSTR stock has rebounded as Bitcoin price nears its all-time high. Technical analysis points to Bitcoin jumping to $131,250 in this cycle. MSTR may rebound and…
CleanSpark’s Bitcoin treasury ballooned to 13,011 BTC as its mining operations achieved a record 50 EH/s, a dual milestone that underscores its simultaneous growth in both asset accumulation and raw computational power. Summary CleanSpark grew its Bitcoin treasury to 13,011 BTC while hitting 50 EH/s. September output reached 629 BTC, averaging 21 BTC per day….
Bitcoin price is edging closer to new all-time highs, supported by a rise in open interest. With price action holding above key levels, the market structure remains firmly bullish. Summary Bitcoin is testing $123,348 resistance, the last key barrier before new all-time highs. Channel structure remains bullish, with consecutive higher highs and higher lows. Open interest…
Dogecoin price has bounced back in the past few days as investors bought the recent dip after it bottomed at a crucial support level in September. Summary Dogecoin price has rebounded after falling to a crucial support level. The SEC is expected to approve the Grayscale and Bitwise DOGE ETFs this month. DOGE will likely…
Pi Network price is trading near its lows under extreme oversold conditions, with the RSI signaling a possible reversal. A strong base at $0.26 support could set the stage for a bullish recovery. Summary Pi Network lost $0.35 support, which has flipped into resistance. Price is attempting to form a base at $0.26 high-confluence support. RSI in…
