SOL Traders Buy The Dip, Again: Can Solana Reclaim $215?

Key takeaways:  SOL retail leveraged longs who entered Monday’s range high were partially flushed out on today’s sell-off to $205.  Despite the brief downturn, institutional investor-sized entities bought the SOL price dip.  The risk of a US government shutdown is the main culprit in the sell-off, but traders remain focused on the Oct. 10 SEC…

AI Agents Need Crypto to Work at Scale: Coinbase Exec

Crypto will be necessary for artificial intelligence-powered agents to operate effectively in the financial market, as the infrastructure for the traditional finance system is outdated, says John D’Agostino, the head of institutional strategy at Coinbase. If AI agents are going to operate on behalf of people, then they need to operate on “true sources of…

SEC Open to Advisers Using State Trusts for Crypto Custody

The US Securities and Exchange Commission staff has opened up to allowing investment advisers to use state trust companies to custody cryptocurrency assets. In a rare no-action letter, the SEC’s Division of Investment Management said on Tuesday that it wouldn’t recommend that the SEC take enforcement action if advisers used state trust companies as a…

How Smart Traders Use AI to Track Whale Wallet Activity

Key takeaways: AI can process massive onchain data sets instantly, flagging transactions that surpass predefined thresholds. Connecting to a blockchain API allows real-time monitoring of high-value transactions to create a personalized whale feed. Clustering algorithms group wallets by behavioral patterns, highlighting accumulation, distribution or exchange activity. A phased AI strategy, from monitoring to automated execution,…

MEXC Ventures Raises Ethena Investment to $66M

MEXC Ventures has doubled down on its investment in the Ethena ecosystem, bringing its total exposure to $66 million, according to a press release shared with CoinDesk. The latest move includes a $14 million investment in ENA, the governance token of the Ethena protocol, building on a $16 million ENA purchase and $20 million acquisition…

SEC Open to Advisers Using State Trusts for Crypto Custody

The US Securities and Exchange Commission staff has opened up to allowing investment advisers to use state trust companies to custody cryptocurrency assets. In a rare no-action letter, the SEC’s Division of Investment Management said on Tuesday that it wouldn’t recommend that the SEC take enforcement action if advisers used state trust companies as a…

ETH Rejects $4.2K But ETF Inflows Are Bullish

Key takeaways: If Ether price hits $4,350, over $1 billion in short (bearish) positions face liquidation risk. BitMine Immersion expanded holdings to $10.6 billion, targeting 5% of the total Ether supply. Ether ETFs saw $547 million in inflows, reinforcing institutional demand amid declining onchain activity. Ether (ETH) struggled to hold above $4,200 on Tuesday despite…

SOL Traders Buy The Dip, Again: Can Solana Reclaim $215?

Key takeaways:  SOL retail leveraged longs who entered Monday’s range high were partially flushed out on today’s sell-off to $205.  Despite the brief downturn, institutional investor-sized entities bought the SOL price dip.  The risk of a US government shutdown is the main culprit in the sell-off, but traders remain focused on the Oct. 10 SEC…

SOL Traders Buy The Dip, Again: Can Solana Reclaim $215?

Key takeaways:  SOL retail leveraged longs who entered Monday’s range high were partially flushed out on today’s sell-off to $205.  Despite the brief downturn, institutional investor-sized entities bought the SOL price dip.  The risk of a US government shutdown is the main culprit in the sell-off, but traders remain focused on the Oct. 10 SEC…

Chainlink Integrates with SWIFT to Let Funds Process Transactions Onchain

Blockchain oracle provider Chainlink announced one of the first products from a pilot with UBS Asset Management and Swift, the global financial messaging network, designed to let banks trigger onchain transactions using their existing infrastructure. According to a Tuesday announcement, Chainlink integrated its execution layer, the Chainlink Runtime Environment (CRE), with Swift messaging. The move…