Crypto news today
Analyst Highland expects bitcoin above $90,000 by early November
Why it matters: Forecasts diverge: some expect a reversal upward from a local bottom, others a drop to $70,000 and below, shaping traders' tactics.
Ethena shifts USDe backing to AAA-rated CLOs
Why it matters: The shift toward institutional backing reduces USDe's dependence on crypto market volatility but also lowers yields during bull markets.
Ledger CTO: Bitcoin wallet migration harder than quantum threat
Why it matters: The discussion of post-quantum migration is important for the long-term security of Bitcoin and its wallets.
Morning roundup: Bitcoin at 104 mln won, D-Rive on Upbit up 65%
Why it matters: Bitcoin's rise and the surge in select altcoins point to a return of risk appetite, but the drop in the sentiment index signals the rally is fragile.
Trump demands rate cut to 1% after Fed hikes to 4%
Why it matters: Trump's pressure on the Fed adds uncertainty over rates, affecting Bitcoin and risk-asset volatility.
Litecoin falls 3% to $51.17 after CLARITY Act fails
Why it matters: The 200-day SMA will determine whether the drop is a pause in the monthly gain (+15.58%) or the start of a deeper correction.
UNI falls 3.34% to $6.42 after 97% monthly gain
Why it matters: UNI remains 85.7% below its all-time high of $44.95, and holding the 20-day SMA will determine whether the DeFi sector's correction continues.
Whale Alert: 787 BTC worth $59.9 mln moved from OKX to unknown wallet
Why it matters: Large transfers from exchanges often precede increased volatility: traders are watching whether the coins return to an exchange for sale.
Warsh omits his dot plot forecast for second time, announces Fed communication reform
Why it matters: Reduced Fed transparency and a possible abandonment of the dot plot will complicate assessment of future rates, raising uncertainty for the crypto market.
HYPE falls 1.88% to $77.96, losing momentum at $80 resistance
Why it matters: Short-term consolidation within an uptrend: losing support at $77.02 would open the way to a deeper correction.
Bitwise sells $46.5M in BTC and ETH, buys SOL
Why it matters: A major asset manager is rotating out of BTC and ETH into SOL, which could support demand for Solana products.
Circle's Arc acts as a 'central bank for AI' but offers no USDC safekeeping guarantee
Why it matters: The lack of USDC guarantees on Arc is a risk for users and integrators building payment services on the network.
Bitcoin miners sign $100B in AI contracts, but revenue so far is just $1.1B
Why it matters: The market has priced in miners' AI pivot in advance: if the contracts don't start generating revenue, the valuation premium could collapse.
BNB holds near $720 as market slumps after CLARITY Act failure
Why it matters: BNB is showing low beta to the broad risk-off move, but weak volume and a bearish MACD point to a risk of losing the $704 support.
Ethereum: 203.9M transactions in Q2, $147.3B in stablecoins
Why it matters: Transaction growth is not converting into network revenue and demand for ETH, which limits the token's upside potential.
SEC Chair Atkins: regulator will act decisively regardless of whether the law passes
Why it matters: The SEC and CFTC are moving to rulemaking bypassing Congress, which will speed up the arrival of rules for the US crypto market.
NEAR Protocol launches Chain Signatures for access to 30+ networks
Why it matters: Simpler cross-chain operations could accelerate the inflow of users and volume into the NEAR ecosystem.
SushiSwap launches on Arc network with token launchpad
Why it matters: It expands the Arc ecosystem and gives SushiSwap a new channel for liquidity and token launches.
ETH retreats to $2,400 after another rejection at $2,500
Why it matters: Until ETH establishes itself above $2,500, the risk of continued consolidation and tests of lower support levels remains.
US House committee approves strategic bitcoin reserve bill
Why it matters: Legislative enshrinement of the bitcoin reserve reduces the risk of Trump's policy being reversed and creates long-term demand from the state.