Day: October 31, 2025

This Support Stands Between ETH and a Sub-$3.5K Drop

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Ethereum has been showing signs of weakness after failing to reclaim the key $4,200 resistance. Despite strong bullish momentum earlier this month, price action remains capped within a descending channel, and the recent bounce has been relatively weak. Traders are now watching to see whether ETH can establish a higher low or if further downside is to come. Technical Analysis By Shayan The Daily Chart Ethereum continues to respect the boundaries of the descending parallel channel, with multiple rejections from the upper trendline. The most recent attempt to break out…

New Hampshire delays crypto mining deregulation bill amid public concerns

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A vote from the Senate Commerce Committee on a bill aimed at deregulating crypto mining in New Hampshire was split on Thursday, after senators reported public feedback on the bill had surged since it was last debated. After being deadlocked twice, once on advancing the bill and again on rejecting it, the committee ultimately voted 4–2 to send the measure for further review in interim study, as first reported by the New Hampshire Bulletin. House Bill 639 would prevent municipalities from creating restrictions on crypto mining, such as rules around…

Rate-Cut Sell-Off Came From Short-Term Traders

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Spent Output Age Bands (SOAB) data confirmed that the recent panic selling came from “hot money,” not diamond hands. When the U.S. Federal Reserve cut interest rates on October 29, the price of Bitcoin (BTC) dropped sharply, prompting traders to send more than 10,000 BTC to Binance and raising questions about whether it was a “sell the news” event or the start of a new crypto winter. But a CryptoQuant analyst has now released new information that shows that most of the selling was done by one group: traders…

Bitcoin To Drop by 70% During Next Bear Market: VC

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The price of Bitcoin (BTC) will continue to experience cyclical booms and busts, resulting in a drawdown of up to 70% during the next market downturn, according to Vineet Budki, CEO of venture firm Sigma Capital. There will be a BTC retracement of 65% to 70% in the next two years because traders do not understand the asset they are holding, Budki told Cointelegraph at the Global Blockchain Congress 2025 in Dubai, UAE. He said: “Bitcoin will not lose its utility if it comes down to $70,000. The problem is…

MEXC Apologizes to ‘White Whale’ Trader over $3M Freeze

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About three months after a pseudonymous crypto trader reported that the MEXC exchange had frozen about $3 million worth of their holdings, a representative publicly apologized and released the funds. In a Friday X post, MEXC Chief Strategy Officer Cecilia Hsueh said the exchange “f***-ed up” in handling a situation with a crypto user called the White Whale. In July, MEXC froze $3.1 million of the user’s funds, allegedly due to the exchange’s “risk control rules.” “We apologize to [the White Whale], and his money is already released,” said Hsueh.…

Wall Street and Corporates Accelerate Stablecoin Adoption

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The race to develop stablecoin infrastructure is heating up across Wall Street and corporate America. Citigroup is moving ahead with plans to expand its stablecoin payment capabilities, amid growing speculation that major financial institutions are exploring stablecoin initiatives following the passage of the US GENIUS Act — comprehensive legislation expected to take effect in early 2027. The momentum extends beyond banks. Western Union announced plans to build a stablecoin payment network on Solana, underscoring how traditional payment providers are embracing blockchain for faster and cheaper cross-border transactions. Meanwhile, the Bitcoin…

Solana (SOL) Eyes $300, But Only If This Critical Support Holds

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Solana trades below $190 support as RSI weakens, open interest rises, and ETFs drive new interest. Analysts watch $300 target closely. Solana (SOL) is trading below a key level that many traders are watching, as the $190 mark has become a critical support zone. If the asset remains under this level, upward movement toward $240 or $300 may not materialize. At press time, the price sits at around $185 after a 4% decline over the past day. $190 Remains a Key Level Aside from today’s nosedive, SOL has remained…

Quantum Computing Still Years from Threatening Bitcoin, Says VC Amit Mehra

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Although still in its “infancy,” quantum computing could pose a threat to Bitcoin and other proof-of-work algorithms in the near future, according to Amit Mehra, a partner at venture capital firm Borderless Capital. When asked what trends Borderless Capital was following, Mehra, speaking to Cointelegraph at Global Blockchain Congress Dubai 2025, said the company was  “diving deep into quantum compute” and looking at how companies are developing quantum resistance technology.  Mehra said quantum computing will take until the end of the decade to develop. Still, he said, people tend to…

Bitcoin Range Trades As Altcoins, Spot BTC ETF Sell-off

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Key points: For the first time in seven years, Bitcoin is at risk of ending October in the red. Several altcoins have dropped to their crucial support levels, indicating selling on rallies. Bitcoin (BTC) bulls are attempting to maintain the price above $110,000, but the bears have continued to exert pressure. That increases the risk of BTC recording its first-ever red October close in seven years. After October’s dismal performance, all eyes are on November, which has an average return of 46.02%, according to CoinGlass data. Several analysts are turning…

Caitlin Long’s Crypto Bank Loses Appeal over Fed Master Account

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A US appellate court has ruled against Custodia Bank, the crypto-friendly institution founded by Caitlin Long, siding with the Federal Reserve in a lower court decision. In a Friday judgment in the US Court of Appeals for the Tenth Circuit, three circuit judges affirmed a lower court ruling in the District of Wyoming. The appeal, filed in April 2024 after the court ruled against granting Custodia a US Federal Reserve master account, was the latest setback since the crypto-friendly bank first submitted its application in October 2020. “This case comes…