Bitcoin Drops To 3-Week Low, Will $22B Options Expiry Help?

Key takeaways: Traders reduced bullish positions, signaling mixed market sentiment ahead of Friday’s $22 billion monthly Bitcoin options expiry. Stablecoin premiums and Bitcoin ETF inflows indicate cautious optimism, suggesting traders may seek gains in the near term. Bitcoin (BTC) dropped to its lowest level in over three weeks, triggering $275 million in liquidations of leveraged…

Stablecoins, ETPs and Legislation Key Themes for Crypto Returns in Q4

Crypto prices will likely be spurred by crypto market structure legislation, stablecoins and a flood of exchange-traded products (ETP) in the fourth quarter, analysts told Cointelegraph, after assets tied to digital treasuries dominated over the last quarter. In a report released on Thursday, crypto asset manager Grayscale’s research team said that crypto market structure legislation…

Bitcoin Hits Four-Week Low Amid Major Profit-Taking

Bitcoin could be headed for a deeper correction as cumulative realized long-term holder profit taking has now reached levels seen in previous market cycle tops, according to onchain analysis. Long-term holders realized 3.4 million Bitcoin (BTC) in profit, and exchange-traded fund inflows have slowed, according to Glassnode, a sign of “exhaustion” after the Federal Reserve…

China Inaugurates Digital Yuan Operation Centre to Push CBDC Integration: Report

China has quietly taken a bold step in its bid to expand the global footprint of its digital currency. On Thursday, the People’s Bank of China (PBOC) inaugurated an international operations centre for its central bank digital currency, the digital yuan (e-CNY) in Shanghai, according to a report from the South China Morning Post. PBOC…

HSBC Claims Quantum Breakthrough, Should Crypto Holders Be Alarmed?

Hong Kong-Shanghai Banking Corporation (HSBC), an international banking giant, announced the first successful test of quantum computing in a trading application on Thursday. Researchers at HSBC used a quantum computer processor as part of their algorithmic trading process, a method of trading that uses pre-defined rules to execute transactions, to find the likelihood of filling…

Ethereum’s ‘Biggest Loser’ Takes Another $36.4M Hit as ETH Loses $4K

Key takeaways: One ETH trader lost $36.4M in a single liquidation, cementing over $45M in total losses. Ethereum now faces heavy long liquidation clusters at $2,370–$2,500. Ether price technicals hint at another 10%–15% drop this month. An Ethereum trader lost $36.4 million following the liquidation of a massive long bet, after Ether (ETH) slid below…

BlackRock Proposes Bitcoin Premium Income ETF to Complement IBIT

Asset management giant BlackRock filed to register a Delaware trust company for its proposed Bitcoin Premium Income ETF on Thursday, signaling a push to broaden its Bitcoin offerings. Bloomberg ETF analyst Eric Balchunas said BlackRock’s proposed product would sell covered call options on Bitcoin futures, collecting premiums to generate yield.  The regular distributions would, however,…

SOL Dips To $192 Ahead of Key ETF Ruling

Key takeaways: Solana fell to $192 on Thursday, erasing its entire rally to $253 in under a week. A spot ETF ruling on Oct. 10 could unlock deeper institutional flows. SOL’s RSI setup signals a potential short-term bottom despite the altcoin’s broader correction. Solana (SOL) slipped below the $200 mark on Thursday, erasing its recent…

SOL Dips To $192 Ahead of Key ETF Ruling

Key takeaways: Solana fell to $192 on Thursday, erasing its entire rally to $253 in under a week. A spot ETF ruling on Oct. 10 could unlock deeper institutional flows. SOL’s RSI setup signals a potential short-term bottom despite the altcoin’s broader correction. Solana (SOL) slipped below the $200 mark on Thursday, erasing its recent…

BlackRock Proposes Bitcoin Premium Income ETF to Complement IBIT

Asset management giant BlackRock filed to register a Delaware trust company for its proposed Bitcoin Premium Income ETF on Thursday, signaling a push to broaden its Bitcoin offerings. Bloomberg ETF analyst Eric Balchunas said BlackRock’s proposed product would sell covered call options on Bitcoin futures, collecting premiums to generate yield.  The regular distributions would, however,…