Crypto Pundits Bullish on Bitcoin (BTC), Ethena (ENA), Solana (SOL), HYPE, BNB

Key economic data released Thursday indicate that the U.S. economy may be on the brink of stagflation, a challenging mix of sluggish growth, a weakening labor market, and rising prices. Despite these concerns, crypto market participants remain optimistic, focusing instead on anticipated Federal Reserve rate cuts and signals from traditional markets as drivers for higher…

Metaverse Shows Signs of Life with NFT Sales Up 27 Percent

Metaverse-related non-fungible token sales rose 27% in August from the month prior, suggesting people could be “slowly sneaking back into virtual worlds,” according to an analyst from DappRadar.  There was $6.5 million in metaverse trading volume across August, down slightly from July but coming from 13,927 sales, representing a 27% increase from last month, according…

ETH Eyes $6.8K In Q4 as Accumulation, CME OI Surges

Key takeaways: Roughly 1.7 million ETH ($7.5 billion) were accumulated in the $4,300 to $4,400 range, creating strong support. Institutional demand surges as CME open interest hits all-time highs with short-term maturities dominating. $4,500 remains critical for Ether, with a breakout triggering upside, but dips to $4,000 can’t be ruled out. Ether (ETH) continues to…

US Court To Hear Arguments For Sam Bankman-Fried’s Appeal On Nov. 4

Former FTX CEO Sam “SBF” Bankman-Fried, serving a 25-year sentence after his conviction on seven felony counts, will take the next step in his appeals process with a hearing scheduled for November. According to a Wednesday notice in the US Court of Appeals for the Second Circuit, Bankman-Fried’s appeals case has been calendared for arguments…

Bitcoin Monthly Options Expiry Could Be First Step To $120K

Key takeaways: Bitcoin’s $4.3 billion options expiry favors neutral-to-bullish bets, with a $175 million edge if prices stay above $113,000. Macroeconomic uncertainty, including weak US employment data and AI sector doubts, could determine Bitcoin’s short-term trajectory. Bitcoin (BTC) surged past $114,000 mark on Thursday after a positive earnings report from Oracle Corporation (ORCL), a major…

Japan Plans Major Crypto Tax Cut — From 55% Down to 20% in 2025

Key takeaways Japan plans to replace progressive crypto tax rates up to 55% with a flat 20% by fiscal year 2026. New rules will align digital assets with equities, adding safeguards against insider trading and unfair practices. Investors will gain three-year loss carry-forward provisions, which ease volatility and improve portfolio risk management. Japan shifts from…

Early Bitcoiner Auctions Off Items Connected To His Silk Road Arrest

Bitcoin Foundation co-founder and former BitInstant CEO Charlie Shrem is auctioning off items connected to his guilty plea over charges involving the darknet marketplace Silk Road. In a Thursday notice, a spokesperson for Shrem said he would be opening up 12 items related to his time in prison and early Bitcoin (BTC) paraphernalia on the…

BlackRock Explores Tokenized ETFs After Bitcoin Success — Report

BlackRock, the world’s largest asset manager, is reportedly exploring ways to tokenize exchange-traded funds (ETFs) on the blockchain, following the strong performance of its spot Bitcoin ETFs. Citing sources familiar with the discussions, Bloomberg reported Thursday that the company is considering tokenizing funds with exposure to real-world assets (RWA). Any such move, however, would need…

ETH To $5K Hinges On Improvement In Global Macro

Key takeaways: Ether struggles to gain bullish momentum despite S&P 500 gains and spot Ethereum ETF inflows. Institutional accumulation continues, but network activity declines, leaving $5,000 ETH target uncertain. Ether (ETH) has traded within a narrow $4,200 to $4,500 range for the past two weeks, a consolidation period following its brief encounter with the $4,956…

What Happened In Crypto Today

Today in crypto, BlackRock is reportedly exploring tokenized ETFs, Chinese regulators move to curb state-owned firms’ crypto activity in Hong Kong, and Goldman Sachs’ CEO says the Fed is unlikely to cut rates by 50 basis points. BlackRock weighs ETF tokenization as JPMorgan flags industry shift: Report BlackRock, the world’s largest asset manager, is reportedly…