Morgan Stanley strategists say the crypto market has entered the “fall season” in Bitcoin’s four-year cycle, advising investors to harvest their gains before the potential onset of winter. In a podcast episode titled Crypto Goes Mainstream, Denny Galindo, an investment strategist at Morgan Stanley Wealth Management, said that historical data indicates a consistent three-up, one-down…
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Bitwise’s spot Chainlink exchange-traded fund (ETF) has appeared on the Depository Trust and Clearing Corporation’s registry, a usually positive sign that the fund is moving closer to launch. The Bitwise Chainlink ETF was added to the DTCC’s “active” and “pre-launch” categories on Tuesday under the ticker CLNK. The listings don’t guarantee that the US Securities…
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US bank SoFi Technologies has launched crypto trading services to its customers, as clearer rules have allowed the crypto market to court greater interest from traditional finance. SoFi said on Tuesday that its crypto service will aim to offer dozens of cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), and started in a phased rollout on…
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Weaker stablecoin rules in the UK could risk financial stability and trigger a credit crunch, according to the Bank of England’s deputy governor, Sarah Breeden. “We have a different set of risks to manage as we transition to bringing in this new form of money,” Breeden’s told Reuters on Tuesday. Last week, she said that…
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November might not turn out to be Bitcoin’s saving grace after all, as crypto analysts signal the cryptocurrency could break from its historically strong price gains in November and instead trade sideways. “The current macro backdrop easing policy, but mixed communication from the Fed, supports consolidation as a necessary stabilising phase before volatility can expand…
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Michael Selig, currently serving as chief counsel for the crypto task force at the US Securities and Exchange Commission, will face questioning from senators next week in a hearing to consider his nomination as the chair of the Commodity Futures Trading Commission. On Tuesday, the US Senate Agriculture Committee updated its calendar to include Selig’s…
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Key takeaways: Bitcoin’s Wave III expansion could drive prices toward $200,000 to $240,000. The long-term structure remains bullish despite flat futures market activity in Q4. US economic rebound and risk-on sentiment may fuel Bitcoin’s next rally. Bitcoin’s (BTC) long-term price structure is showing renewed strength as analysts anticipate the next phase of its parabolic expansion.…
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When FTX filed for bankruptcy on Nov. 11, 2022, it sent shockwaves throughout the crypto world, erasing billions in market liquidity and shattering confidence in centralized exchanges. The dramatic collapse became a turning point for the digital asset industry, triggering calls for stronger transparency and reactions from regulators. Three years after the exchange’s collapse, transparency…
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John Deaton, a lawyer who advocates for XRP holders and ran against Massachusetts Senator Elizabeth Warren in the 2024 US election, is making another bid for Congress. At a Monday event in Worcester, Massachusetts, Deaton announced that he would run for US Senate again in 2026, this time attempting to unseat Democratic Senator Ed Markey.…
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ClearToken, a digital asset clearing and settlement company, has received approval from UK regulators to launch a system for settling crypto and stablecoin transactions — a move that underscores the country’s push to expand oversight of digital finance. The company announced Tuesday that it had received authorization from the Financial Conduct Authority (FCA) to operate…
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