Day: October 24, 2025

Whales Trade Bitcoin Keys for Comfort

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Bitcoin’s (BTC) long-time whales, once the fiercest champions of self-custody, may be losing some of their grip on the market as more migrate toward the comforts of traditional finance. Earlier this week, a BlackRock executive revealed that several of Bitcoin’s earliest holders are quietly swapping portions of their spot positions for exchange-traded funds (ETFs), gaining access to broader wealth management tools in the process. While ETFs and spot Bitcoin have traditionally served different audiences, onchain data suggests the rise of spot ETFs may be coming at the expense of self-custody.…

CZ Claps Back at Warren’s Commentary Following Trump Pardon

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CZ refutes Warren’s corruption claims after Trump’s pardon, denying money laundering charges and accusing her of spreading misinformation. Binance founder Changpeng Zhao (CZ) has responded strongly to recent claims made by U.S. Senator Elizabeth Warren. The exchange comes after President Donald Trump pardoned Zhao, who had previously pleaded guilty to willfully failing to implement an adequate anti-money laundering (AML) program at Binance. Warren Slams CZ Pardon as Corruption Warren condemned the pardon, saying that CZ had pleaded guilty to a criminal money laundering charge and had been sentenced to…

Trump taps Michael Selig to lead CFTC: Bloomberg

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Key Takeaways President Trump has appointed Michael Selig as the new chair of the CFTC, signaling a pro-crypto stance. The appointment comes at a time when the crypto industry is experiencing significant growth and seeks regulatory clarity. Share this article President Trump has appointed Michael Selig as chair of the Commodity Futures Trading Commission (CFTC), the US agency responsible for overseeing derivatives markets, including crypto futures, according to a Bloomberg report. Selig, who previously served as chief counsel for the SEC’s crypto task force and as an aide to SEC…

Crypto.com files for US National Trust Bank Charter

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Crypto.com is the latest crypto company to apply for a US National Trust Bank Charter, seeking federal approval to expand its custody and staking services nationwide. In a Friday announcement, the Singapore-based crypto exchange said it plans to provide federally regulated custody services for digital asset treasuries, exchange-traded funds (ETFs), and other institutional and corporate clients under the US banking framework overseen by the Office of the Comptroller of the Currency (OCC). A National Trust Bank Charter is a federal license from the OCC that lets a company operate as…

ADA Recovery Ahead? Observe This Crucial Support for the Next Move

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Cardano trades near key support with falling open interest and bearish EMAs. Analysts eye this crucial line as potential accumulation level. Cardano (ADA) is trading just above support, and analysts are watching for signs of a possible accumulation phase. While the broader trend remains weak, some chart structures and technical levels are drawing renewed interest. Support Level Near $0.54 Gains Attention Cardano has been trading lower since it rejected resistance in the $0.75–$0.79 area. The latest reading shows the asset at $0.65, recovering slightly from recent lows but still…

Bitcoin Hits $112K Resistance As Altcoins See Marginal Inflows

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Key points: Bitcoin’s relief rally is facing selling near $112,000, signaling that the bears have not given up. Buyers have defended the support levels in select major altcoins, but unless they push the price above the overhead resistance, the selling is likely to resume. Bitcoin (BTC) is attempting a comeback, but the bears are selling the recovery near $112,000. Bitfinex analysts said in a report that the 18.1% peak-to-trough drawdown in October is “consistent with prior cycle-high retests since 2023,” indicating consolidation rather than a trend reversal.  Galaxy Digital CEO…

Bitcoin’s Bull Market Is Intact, but At Risk, Says Galaxy Digital Analyst

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Bitcoin’s bull market is holding strong, but a slip under $100,000 could spell trouble, Galaxy Digital’s head of research Alex Thorn told Cointelegraph. “I think the bull market is structurally intact, but it’s at risk,” Thorn said, noting that the market is at a “pivot point” where sentiment could shift quickly. “If you were to lose 100K now, I think it would create a lot of anxiety that could put that structural bull market in jeopardy.” Despite the massive Oct. 10 liquidation, he insists that the pullback was not driven…

$19B Crypto Crash: Catalyst For $200K Bitcoin by 2025: Standard Chartered

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Cryptocurrency valuations staged a modest recovery this week as investor appetite for digital assets returned after the recent market crash. In a silver lining to the correction, the $19 billion liquidation event may be seen as a buying opportunity by investors, a dynamic that could fuel Bitcoin’s (BTC) rise above $200,000 before the end of the year, according to Standard Chartered’s global head of digital assets research, Geoff Kendrick. However, a lack of inflows from the US spot Bitcoin exchange-traded funds (ETFs) continues to limit Bitcoin’s upside momentum. Due to…

Coinbase Will Be Temporarily Offline This Weekend: Should Users Be Concerned?

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All trading (except perpetuals futures) will be unavailable for some time. The clients of one of the largest crypto exchanges will experience some issues later this week. In this article, we will analyze the cause of the disruption and provide additional key details. Coinbase Problems During the Weekend? The leading US-based cryptocurrency exchange, which has over 100 million users, announced on X that it will be temporarily offline on October 25, at about 7 AM PT, due to a scheduled systems upgrade. “All trading (except perpetuals futures on INTX)…

Elon Musk’s SpaceX moves over $130M in BTC to new wallet with small transfer to Coinbase Prime

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Key Takeaways SpaceX moved over $130 million worth of Bitcoin to a new wallet, with a small amount sent to Coinbase Prime. The purpose of the transfers is unclear, but may involve storage reorganization rather than liquidation. Share this article A wallet tied to SpaceX moved more than 1,200 Bitcoin worth over $130 million to a new address today, according to data from Arkham Intelligence. About $150 in BTC was transferred to Coinbase Prime. The movement follows recent on-chain activity from the space exploration company, which transferred $153 million in…