Core Viewpoint - The cryptocurrency market is experiencing a significant downturn, with analysts divided on whether this indicates the start of a bear market or a temporary bear trap that may lead to a rebound [1][2]. Market Performance - The total cryptocurrency market capitalization has decreased by 6.6% over the past week, with most coins showing negative performance following the Federal Reserve's interest rate cut [2]. - Among the top 10 cryptocurrencies, Solana (SOL) experienced the largest decline, dropping 19.5%, while Bitcoin (BTC) and Ethereum (ETH) fell below critical support levels of $110,000 and $4,000, respectively [3]. Analyst Commentary - Peter Schiff, a long-time critic of cryptocurrency, noted the rise of silver by nearly 3% as Bitcoin declined, suggesting that silver may be the asset that challenges Bitcoin's value [3][4]. - Schiff indicated that Ethereum's drop below $4,000 places it in an official bear market, predicting that Bitcoin may soon follow this trend [4]. Historical Context - Analysts have pointed out that major downturns in the cryptocurrency market often coincide with the Federal Reserve's rate-cutting cycles, suggesting a historical pattern [5][6]. Technical Analysis - An analyst highlighted Bitcoin's Short-Term Holder (STH) cost basis at $111,500, which serves as a critical metric for determining market conditions [7]. - The STH cost basis is expected to remain above the price during a bull market; however, if Bitcoin consistently trades below this level, it may indicate a bear market [8][9].

Group 1 - Major digital coins, including Bitcoin, Ethereum, and Dogecoin, experienced significant declines, with liquidations nearing $1 billion over a 24-hour period [1][2] - Bitcoin fell nearly 4%, trading below $109,700, while Ethereum dropped 7.5% to $3,879 [1] - Dogecoin and Solana both saw declines of nearly 9%, with Dogecoin trading close to $0.23 and Solana at $196, marking a 21% drop over the past week for both [2] Group 2 - Over $930 million in traders' positions were liquidated, with more than $860 million of that being long positions [3] - The decline in cryptocurrency prices coincided with a downturn in the stock market, affecting major indices like the S&P 500, Nasdaq, and Dow Jones Industrial Average [2]

berachain airdrop. Photo by BeInCrypto ASTER recently recorded a new all-time high (ATH) of $2.43, but the rally was short-lived.  Within the last eight hours, the altcoin has dropped by 10%, sliding toward the $2.00 mark. The shift in investors’ stance and growing market weakness raises the risk of further losses. Aster Is Losing Support The Chaikin Money Flow (CMF) indicator highlights a decline in ASTER’s momentum. Currently slipping below the zero line, the CMF suggests outflows are beginning to dom ...

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has issued a warning regarding the legality of stablecoin issuers, stating that no such entities have been approved in Hong Kong, following the announcement of a new stablecoin by AnchorX [1][2]. Group 1: HKMA's Warning - The HKMA has not licensed any stablecoin issuers in Hong Kong, labeling the marketing of these products as illegal [1][2]. - The public is advised to exercise caution regarding stablecoin investments [2]. Group 2: Regulatory Context - The warning from the HKMA is the first significant test of Hong Kong's new stablecoin regulations, which were implemented in August and require issuers to adhere to strict licensing, capital, and governance standards [2]. - The timing of the HKMA's warning coincides with China's securities regulator urging brokerages to halt real-world asset tokenization activities in Hong Kong due to risk management concerns [3].

Group 1 - The cryptocurrency market has attracted investors seeking alternatives to traditional stocks and bonds, with Bitcoin and Ethereum being the most mainstream options [1] - Shiba Inu exemplifies a high-risk, high-reward investment opportunity within the cryptocurrency space, characterized by significant hype but lacking substantial gains [2][3] - Shiba Inu's current price, trading at less than a penny, presents a speculative opportunity for investors hoping for dramatic price increases, although such expectations may be unrealistic [3] Group 2 - Shiba Inu was created as an altcoin inspired by Dogecoin and is built on Ethereum's blockchain, integrating with decentralized finance (DeFi) applications and smart contracts [5][6] - The Shiba Inu ecosystem includes ShibaSwap, a decentralized exchange that facilitates trading, staking, and earning rewards, alongside projects related to gaming and the metaverse [6] - Despite the development of its ecosystem, Shiba Inu's value remains speculative, heavily influenced by internet culture and hype-driven narratives [7][9] Group 3 - Shiba Inu is classified as a deflationary coin, which means it has mechanisms to reduce the circulating supply over time [8][10] - The token's price may face challenges due to its large supply base, despite the efforts of its developer community to enhance its utility [9]

Key Points Ethereum's price usually doesn't do all that much in October. The proliferation of exchange-traded funds that hold the coin could contribute to that pattern. Other factors could mix things up and make it a bullish month. 10 stocks we like better than Ethereum › Market calendars and notions of seasonality have a way of habitually humbling investors, especially in crypto, who expect every other month to either be a fireworks show or a funeral. For Ethereum (CRYPTO: ETH), there are many w ...

Core Insights - The crypto market is entering a historically bearish fall season, yet several altcoins are showing potential for significant growth due to institutional adoption and partnerships [1] Chainlink (LINK) - Chainlink is currently trading at $21.74, experiencing a 7% weekly decline but has surged 90% overall, supported by record-high exchange reserves and whale accumulation, with 800,000 LINK added to large wallets [2] - Exchange balances have reached an all-time low as investors shift to self-custody, indicating a bullish supply dynamic; on September 22, 5.5 million LINK were withdrawn from trading platforms [2] - Grayscale has filed with the SEC to convert its Chainlink Trust into a spot ETF under the ticker GLNK, potentially opening institutional investment opportunities [3] Avalanche (AVAX) - Avalanche is priced at $34.44 and has received backing from AgriFORCE Growing Systems, which is rebranding as AVAX One, the first NASDAQ-listed company dedicated to Avalanche, planning to raise $550 million to acquire AVAX tokens [4] - The Avalanche Foundation is supporting two US-based digital asset treasuries targeting a combined $1 billion to purchase millions of AVAX tokens, functioning like a large-scale buyback [4] - Bitwise has filed for an Avalanche ETF, indicating growing mainstream recognition and potential supply pressure that could lead to a price rally [5] Sui Network (SUI) - Sui is currently trading above $3.50 and has been announced as a launch partner for Google's Agentic Payments Protocol (AP2), an AI-driven standard for financial transactions [6] - Sui aims to become a leader in machine-based finance, and the partnership with Google is a significant step in that direction [6] - Nasdaq-listed Mill City Ventures has committed $450 million to hold SUI as part of its balance sheet, providing a regulated entry point for public investors [7] Sei (SEI) - Sei is currently priced at $0.2924 and is considered a promising new cryptocurrency opportunity [8] - The network has partnered with Crypto.com to offer institutional-grade custody, ensuring regulated token storage [8] - Chainlink has integrated its Data Streams with Sei, providing sub-second latency market data, setting a new standard for institutional-grade DeFi applications [8]

Core Insights - Bitcoin price has experienced significant losses recently, indicating a bearish market environment and raising concerns about a potential bear market structure ahead [1] - The Short-Term Holder (STH) cost basis is currently at $111,400, and trading below this level could lead to deeper downside pressure [2] - A decisive break below the cost basis may confirm bearish momentum, potentially resulting in a larger drawdown for Bitcoin and delaying recovery across the crypto market [3] Market Sentiment - There has been a notable increase in "buy the dip" mentions on major platforms, reaching the highest activity level in 25 days, suggesting growing optimism among retail traders [4] - Historically, Bitcoin tends to move against crowd expectations, and if optimism remains high around $112,200, the market may face further downsides [5] Price Action - As of the latest data, Bitcoin is trading at $112,960, slightly above the $112,500 support level, after slipping from $115,100 to an intra-day low of $111,478 [6] - Maintaining the $111,400 STH cost basis and securing $112,500 as support could allow Bitcoin to bounce back towards $115,000, preventing a bear market structure [7] - Renewed selling pressure could push Bitcoin below $112,500 towards the $110,000 support, invalidating the bullish thesis and marking the onset of bearish momentum [8]

Core Insights - Ethereum typically experiences strong performance in the fourth quarter, with a median return of approximately 22% and an average return near 24% [3] - Historical price behaviors in Q4 may be influenced by new investors, particularly asset managers and treasury companies, who have different capital and investment horizons compared to previous buyers [6][7] - Despite potential shifts in dynamics, there are indications that Q4 could still align with Ethereum's historical performance trends [10] Performance Trends - Q4 is traditionally the best-performing quarter for Ethereum, indicating a tendency for late-year momentum to favor holders [3] - The wide dispersion of results suggests that while the median return is lower than the average, there are significant upside outliers that can impact overall performance [3][4] Market Dynamics - The approval of spot Ether exchange-traded funds (ETFs) by the SEC in May 2024 is expected to enhance Ethereum's integration with the traditional financial system, allowing mainstream brokerage accounts to invest more easily [6] - The emergence of crypto treasury companies focused on accumulating Ethereum is introducing a new class of investors, which may alter the historical price behaviors observed in Q4 [6][7]

Core Insights - Plasma has launched a Tether-backed layer-one blockchain and a super-app called Plasma One, which serves as a stablecoin-native neobank and card, initially centered around USDT [1][4] - Users can earn over 10% yields while paying directly from their stablecoin balance, with additional benefits such as 4% cash back, coverage in 150 countries, and fee-free transfers within the app [2] Company Overview - Plasma is closely associated with Tether, having its Series A funding led by Bitfinex, Tether's sister company, with Paolo Ardoino serving as CEO for both companies [5] - The project has raised a total of $74 million at a valuation of $500 million, with previous funding rounds totaling $24 million and a public sale raising $50 million [6] Market Context - The demand for the dollar is increasing globally, with Plasma customizing its offerings based on feedback from users in cities like Istanbul, Dubai, and Buenos Aires to enhance trust and onboarding processes [3] - USDT is currently the largest stablecoin by market capitalization, valued at $172 billion, and has a 24-hour trading volume of $179 billion, indicating its significant role in the cryptocurrency market [6] Strategic Vision - Plasma aims to create efficient financial rails by leveraging stablecoins, which are positioned as cheaper, faster, and more reliable alternatives to traditional financial systems [4] - The company plans to onboard top partners to connect various financial services into a seamless interface, enhancing user experience and utility [4]