Good evening. Crypto will have a seat at the table in Washington next week as top Senate Democrats convene a private roundtable on October 22 with major industry leaders, including Coinbase’s CEO, to revive market structure legislation. Closer to home, New York politics just got a tech twist: Andrew Cuomo is floating a City Hall comeback built on making the city a global hub for crypto, AI, and biotech, with a Chief Innovation Officer to power the agenda. Institutions still like Bitcoin (BTC). A Coinbase survey shows 67 percent of professional investors expect gains over the next six months, citing better liquidity, incremental regulatory progress, and a friendlier macro setup. The tape, however, is still testing nerves. On-chain signals point to long-term holders selling into strength and price action struggling below key resistance, even as Michael Saylor’s firm Strategy scooped another 168 Bitcoin (BTC), extending its roughly 69 billion dollar stack. Across the Atlantic, BlackRock listed the iShares Bitcoin ETP (IB1T) in London after the UK eased restrictions on certain Bitcoin-based products, handing retail investors a new brokerage-friendly way to access Bitcoin and potentially widening the funnel for demand. Ethereum (ETH) stole some of the spotlight. Prices pushed above 4,073 with network transactions climbing and exchange reserves falling, a setup analysts say could carry toward 4,500 even as a 5,000 sprint remains contested. Flows have tilted toward Ethereum and other altcoins since the third quarter as investors bought the dip ahead of a Federal Reserve payments roundtable. Catalysts keep stacking: VanEck filed for a first-of-its-kind ETF offering exposure to Lido’s staked ether, stETH (STETH), via Lido (LDO), and Vitalik Buterin unveiled the GKR protocol to speed up zero-knowledge verification as part of a privacy-by-default push. Not everyone is thrilled with the direction of travel; developer Federico Carrone warned that growing venture influence, particularly from Paradigm, risks misaligning Ethereum’s core values. Solana (SOL) kept its momentum, consolidating above 190 as cofounder Anatoly Yakovenko teased Percolator, a new onchain perps DEX, while some analysts floated 600 price targets. Gemini added fuel with a Solana credit card that auto-stakes rewards, offering up to 4 percent back in SOL (SOL) and yields up to 6.77 percent. Meme land stayed as reflexive as ever. An AI video of Elon Musk’s Shiba Inu sent Floki (FLOKI) up nearly 30 percent and past an 800 million dollar market cap, a reminder of how quickly sentiment can swing in the long tail. Infrastructure showed its seams again. An AWS outage knocked portions of the internet offline, disrupting Coinbase and Robinhood among others. It was the second major AWS stumble since April and a fresh reminder of centralized dependencies in a decentralized industry. On the corporate front, Ripple-backed Evernorth plans to go public via a merger with Armada Acquisition Corp II and assemble a 1 billion dollar XRP (XRP) treasury, with shares expected to trade under the ticker XRPN (XRPN) when the deal closes in the first quarter of 2026. Blockchain.com is weighing its own SPAC path at around a 7 billion dollar valuation, another sign that crypto firms are angling for mainstream market access. Ecosystem funding stayed lively. Polychain, Kraken, and Blockchain.com led a 110 million dollar investment to bolster Berachain’s BERA (BERA) treasury, backing a proof of liquidity model designed to reward value contributors. Data transparency grabbed headlines too as DefiLlama relisted Aster (ASTER) without historical records, pleasing traders but frustrating analysts who rely on clean, continuous data. Crypto is bleeding into AI in the other direction. CleanSpark and other miners are leaning on their data center expertise to serve artificial intelligence workloads, seeking diversification beyond pure Bitcoin (BTC) production in a post-halving world. For the culture, the House of Doge took a top stake in Italian club U.S. Triestina Calcio 1918 alongside Brag House, even as Dogecoin (DOGE) itself stays subdued. Sports ownership just found a new meme. All of this lands ahead of Friday’s U.S. CPI, a print that could jolt risk assets and reset expectations for Fed cuts, and before the October 22 Senate roundtable that may restart market-structure talks. In the meantime, London has a new onramp via IB1T, Ethereum has fresh technical and financial catalysts, and Bitcoin is navigating the tug of war between institutional optimism and long-term holder supply.
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📈💰The Federal Reserve announced today that it will maintain its current interest rates, citing a strong job market and moderate economic growth. This decision comes as no surprise to those in the crypto community, as many have been anticipating this outcome for weeks. However, this news may have some investors feeling slightly disappointed, as they were hoping for a rate cut to boost the market.💸💻Crypto tickers such as BTC, ETH, and XRP have been trending upwards in recent weeks, with many investors hoping for a continued bull run. However, with the Fed's decision to keep interest rates steady, some may be wondering if this will have a negative impact on the market. While it's impossible to predict the exact effect on crypto prices, it's important to remember that the Fed's decision is based on a variety of factors and not solely on the crypto market.📉🌎The Fed's decision also has implications for the stock market, with many investors closely watching the anno...
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