Category: Bitcoin News

Bitcoin Hits 97% Profit As Leverage Risks Mount: Glassnode

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Nearly all of Bitcoin’s supply is now in profit after a recent rally, but rising leverage and “crowded call positioning” could suggest growing short-term fragility, according to onchain analytics.  As of Wednesday, 97% of Bitcoin (BTC) supply is in profit, reported blockchain analytics provider Glassnode. “Building on the accumulation trend, Bitcoin’s rally to a new all-time high has lifted nearly all circulating supply back into profit.” Elevated profit levels often precede consolidation and realized profits remain contained, “suggesting an orderly rotation rather than distribution pressure,” the analysts added. This means…

Bitwise Low Solana ETF Fees Shocks ETF Analyst

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Asset manager Bitwise’s decision to set a 0.20% fee on its amended US-based Solana ETF application, which now includes staking, may be a sign of how competitive the product could get among ETF issuers, according to ETF analyst Eric Balchunas. “Thought we’d see higher first, need war to get this low,” Balchunas said in an X post on Wednesday. “They prob figured it’s gonna end up there anyway, so just do it now,” he said, adding it is a “veteran Terrordome move right there.” Bitwise amended its filing with the…

UK Ban On Crypto ETNs Lifted As Market Tipped To Grow By 20%

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The UK government has finally lifted its ban on crypto exchange-traded notes, citing a maturation of the industry and a greater understanding of digital asset products.  In an announcement on Wednesday, the Financial Conduct Authority (FCA) outlined that retail investors can now access crypto ETNs via FCA-approved exchanges based in the UK  A crypto exchange-traded note is a debt product that allows an investor to gain exposure to a cryptocurrency without owning the underlying asset. These types of products are essentially traded similarly to any other security, with underlying crypto…

BNB Registers Surge in Mindshare, as Token Hits New High

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BNB “mindshare” has surged over 250% in just a week, according to Messari, with one analyst pointing to a market shift toward high-throughput, low-cost chains.  The native token of BNB Chain crossed over $1,330 for the first time on Wednesday, after registering a gain of over 27% in the last week, according to data aggregator CoinGecko, nearly a week after clocking its previous high of $1,111. Crypto market intelligence firm Messari said in an X post on Wednesday, BNB’s’ mindshare, which measures public attention, discussion, and awareness, has seen a…

Bitcoin Has Headroom as Bitwise Predicts Q4 ETF Inflow Surge

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Bitcoin is currently clear of “overbought conditions” and is set to track a steady path upward despite hitting a new all-time high on Monday, according to analysts.  Bitcoin (BTC) hit a peak high of over $126,000 on Monday, which places it “roughly halfway through its four-year price cycle,” CryptoQuant contributor Arab Chain said on Wednesday.  “Despite this strong performance, technical indicators suggest the price is still moving within a stable range far from the overbought conditions that typically precede historical peaks,” it added. Bitcoin shows signs of “upward momentum” Arab…

3 Reasons Why SOL Can Rally To $300

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Key takeaways: Solana ETFs and ETPs recorded $706 million in weekly inflows, outpacing XRP’s $219 million, per CoinShares. SOL funding rates stayed below the 6% neutral level, signaling reduced appetite for leveraged bullish positions among traders. Solana’s native token, SOL (SOL), climbed back to $229 on Tuesday after briefly dipping to $218. The move came as investors responded positively to the US Federal Reserve’s release of minutes from its Sept. 17 meeting, which reaffirmed expectations of additional interest rate cuts in 2025. Traders remain optimistic that SOL could advance toward…

Ethereum Foundation Unveils New Privacy-Focused Team

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The Ethereum Foundation, which oversees the development of the Ethereum network, announced the “Privacy Cluster,” a team of 47 experts across the blockchain industry tasked with bringing privacy features to the layer-1 smart contract network. Ethereum’s privacy cluster brings together researchers, engineers and cryptographers to develop protocol-level privacy features, including private payments and private decentralized identity solutions, according to a Wednesday announcement. The Foundation introduced Privacy Stewards for Ethereum (PSE), a privacy-focused research and development initiative, in September, and the Privacy Cluster will work closely with PSE to build out…

MetaMask to Let Users Bet With Polymarket Integration

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Crypto wallet MetaMask will tap Polymarket later this year to expand its offerings to prediction markets, aiming to get in on the booming sector that has caught Wall Street’s attention.  The integration will make Polymarket directly available through MetaMask’s wallet, enabling users to buy and sell “shares” to bet on real-world events from elections and sports to a company’s earnings results. MetaMask’s global product lead, Gal Eldar, told Cointelegraph that the partnership is part of the firm’s goal to evolve from a crypto wallet into a gateway to global, democratized…

Market Structure Bill Still on Track, Despite Shutdown

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Wisconsin Representative Bryan Steil, one of the original cosponsors of the House of Representatives’ crypto market structure bill, the CLARITY Act, said Republicans’ timeline of passing the legislation before 2026 was still the plan, despite the ongoing government shutdown. In a Wednesday CNBC interview, Steil said Republicans’ plan for passing legislation to establish what they called regulatory clarity for the digital industry was still on track. Party leaders in the Senate pledged to have the chamber’s version of the bill signed into law by 2026, but as the government shutdown…

North Dakota, Fiserv launch Roughrider stablecoin

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The Bank of North Dakota is entering the stablecoin market with Roughrider Coin, a US dollar–backed cryptocurrency developed in partnership with payments firm Fiserv. According to a Wednesday announcement, the token will be available to banks and credit unions in North Dakota in 2026 and is designed to support interbank transactions, merchant payments, and cross-border money movement. Fiserv reportedly processed an estimated 35 billion merchant transactions in 2022. Its digital asset platform was introduced in June alongside a “white-label” stablecoin for banks. Roughrider Coin will operate on this system and…