Market Signal Briefing

On today's episode of CNBC Crypto World, eToro introduces staking for U.S. customers, who can now earn rewards for crypto assets, including Cardano's ADA token, ether, and Solana's SOL token. Plus, the Blockchain Association sends a letter to lawmakers reaffirming the support of the digital assets industry for the GENIUS Act, which is now law in the United States.

HYPE price prediction has accelerated after Cathie Wood has compared Hyperliquid to early Solana. TVL has risen from ~$154M to >$2.2B, stablecoins have expanded, and an NFT debut has posted high volumes, while price action has tested Fibonacci levels with targets near $52–$53 if support holds.

Historic transformation for BTC, ETH in Q4: ETF inflows and regulatory harmony point to a new market reality Gino Matos · 17 seconds ago · 4 min read

The market movements are not suggesting just another cyclical rally, but a structural shift that may be permanently changing how digital assets integrate with traditional finance.

Sep. 29, 2025 at 8:42 pm UTC

4 min read

Updated: Sep. 29, 2025 at 8:42 pm UTC

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

The fourth quarter of 2025 is poised to be a watershed moment for crypto markets, driven by institutional capital flows through Bitcoin ETFs and the most significant regulatory coordination effort in US crypto history.

The market movements are not suggesting just another cyclical rally, but a structural shift that may be permanently changing how digital assets integrate with traditional finance.

The numbers tell a compelling story of institutional appetite returning with force after Bitcoin ETFs experienced net outflows through August, resulting in cumulative flows dropping from $54.9 billion to $54.2 billion by month’s end.

September delivered a reversal. Farside Investors’ data highlighted that Bitcoin ETFs attracted $2.56 billion in September alone, bringing the total cumulative flows to nearly $56.8 billion by Sept. 26, completely erasing August’s weakness.

This monthly surge represents more than just recovered momentum, signaling how investors are confident to include Bitcoin in their portfolios.

Capital rotates but Ethereum holds steadyMeanwhile, Ethereum (ETH) ETFs experienced the opposite trajectory after a liquidity rotation to these products.

Farside Investors’ data showed that Ethereum ETF flows increased from $9.65 billion to $13.54 billion in August, driven by Ethereum’s impressive 19% monthly gain and a new all-time high of $4,957.41.

Yet, flows reversed course in September, declining to $13.155 billion as of Sept. 26. This $389 million outflow stresses how capital is rotating back to Bitcoin as the primary institutional crypto play.

Despite the ETF outflow headwinds, Ethereum’s price action reveals structural strength that may be more significant than the headline numbers suggest.

Trading at $4,147.97 as of press time, ETH has demonstrated resilience, particularly during the sharp 6.7% correction on Sept. 25, which briefly pushed the asset below $4,000.

As a result, the swift recovery indicates that demand remains robust even as institutional flows favor Bitcoin this month.

Additionally, Coinglass data indicated that exchange balances for Ethereum reached a one-year low of 13.03 million ETH on Sept. 29, representing a significant decline from 15.48 million ETH at the beginning of August.

This 2.45 million ETH reduction in exchange supply suggests that investors are withdrawing Ethereum for custody rather than selling into weakness, painting an optimistic long-term outlook.

This supply dynamic creates a potential setup for Ethereum’s upward move once institutional attention returns, characterized by a reduced liquid supply and continued demand growth.

Regulatory revolution: the end of US crypto gridlockPerhaps even more transformative than the ETF flows is the unprecedented level of regulatory coordination emerging between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

After years of jurisdictional uncertainty and conflicting guidance, both agencies are now pursuing collaborative frameworks that could finally provide the clarity the industry has demanded.

A pivotal moment arrived on Sept. 17 when the SEC approved generic listing standards for commodity-based trust shares across Nasdaq, Cboe, and the New York Stock Exchange. This streamlined approval process marks a dramatic shift from the lengthy reviews that previously plagued crypto ETF applications.

By reducing regulatory delays, the SEC has effectively opened new pathways for broader crypto investment products, with several altcoin ETF applications awaiting final decisions in October.

The regulatory momentum began earlier in February when CFTC Acting Chairman Caroline Pham launched a pilot program exploring the use of tokenized collateral, including stablecoins, in regulated derivatives markets.

By March, both agencies had restarted staff-level conversations, with SEC Commissioner Hester Peirce confirming renewed cooperation efforts. This early coordination set the stage for more ambitious initiatives.

July marked a turning point with SEC Chairman Paul Atkins announcing “Project Crypto,” a commission-wide initiative designed to modernize securities rules for blockchain activity and help shift US markets “on-chain.”

The project aimed to establish clear token classification guidance, create purpose-built exemptions for ICOs and airdrops, and enable SEC-regulated venues to offer comprehensive crypto services under unified licensing.

The regulatory momentum accelerated through September with a series of coordinated announcements. On Sept. 2, both agencies issued a joint staff statement affirming that registered exchanges can offer spot crypto asset products, signaling that regulatory barriers are being systematically removed.

This was followed by Sept. 23 announcements of the CFTC’s tokenized collateral initiative and Atkins’ commitment to implement an “innovation exemption” by year-end.

The Sept. 29 joint roundtable represents the culmination of these efforts, focusing on extended trading hours, portfolio margining frameworks, and DeFi safe harbors.

This level of inter-agency coordination is unprecedented in crypto regulation, signaling a fundamental shift from obstruction to facilitation.

The death of crypto’s 4-year cycleTraditional crypto market analysis has long relied on Bitcoin’s four-year halving cycle to predict major price movements, but institutional participation is fundamentally altering these dynamics.

Bitwise CIO Matthew Hougan argued in July that the cycle’s influence is waning as supply shocks from halvings lose their potency in an increasingly mature market.

The macro environment has also shifted dramatically. Interest rates no longer create the same downward pressure on crypto assets, while clearer regulatory frameworks are reducing the extreme volatility and collapse risks that once defined crypto bear markets.

Instead of boom-bust cycles driven by retail speculation and regulatory crackdowns, the market is witnessing more sustained institutional accumulation.

This structural change is evident in current market behavior, where corporate treasury accumulation and institutional portfolio construction replace whales selling into retail euphoria.

New era of crypto-traditional finance integrationWhat makes the fourth quarter potentially transformative isn’t just the individual developments in ETFs or regulation, but how these forces are converging to blur the lines between crypto and traditional finance.

ETF flows are now amplifying the impact of Federal Reserve policy decisions on crypto markets, while regulatory harmonization is enabling institutional products that were previously impossible.

The extended bull structure in play differs fundamentally from previous cycles. Rather than retail-driven speculation followed by inevitable crashes, institutional participation is fostering more consistent and long-term growth patterns.

This is highlighted by Bitcoin’s fall to historical lows in realized volatility, according to a report by Bybit on Sept. 24.

The regulatory clarity emerging from the coordination between the SEC and CFTC is equally significant. For the first time, US institutions have a clear pathway to offer comprehensive crypto services without navigating conflicting regulatory interpretations.

Amid growing market maturity, the fourth quarter represents a fundamental inflection point. The combination of institutional flows, unprecedented regulatory coordination, and structural market changes suggests Bitcoin and Ethereum are turning from a speculative asset class to an integrated component of the global financial system.

Whether this proves to be crypto’s most transformative moment may depend on how effectively the industry capitalizes on this unprecedented regulatory and institutional momentum.

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Yearn Finance, a leading DeFi yield aggregator protocol, is in the early stages of a major governance overhaul proposal, YIP-XX. The proposal was introduced by pseudonymous contributor 0xPickles on September 28, 2025, in a bid to align stakeholders and encourage growth. 

YFI does not enjoy the same clout it used back in its heyday when it was one of the biggest DeFi protocols with an all-time high of just under $7 billion in deposits as of December 2021. 

However, this three-part initiative is expected to help the protocol find its way back to that greatness. It is touted not just as a way to make profitability a priority but also to promote accountability, and directly reward token holders who have stayed through declining participation and a TVL that’s down more than 90% from its all-time high.

Yearn Finance votes on a new proposal 
Among the proposed changes, the most notable change is that a majority of all the revenue the protocol generates could soon go directly to those with skin in the game, as they have kept their YFI tokens locked despite the dwindling performance.

“This proposal creates a new deal,” 0xPickles wrote. “90% of future revenue goes to stYFI holders, empowering them.”

That is not a huge amount of money right now, considering Yearn’s monthly revenue from August turned in under $200,000 in profit, per DefiLlama data.

Still, the focus on profitability and increasing accountability is expected to put the protocol on a sustainable growth path that will, over time, increase revenues and make the YFI token more valuable.

The proposal comes as DeFi is enjoying a wave of new liquidity, which has pushed deposits to record heights this year.

For Yearn, which was once one of the biggest DeFi protocols with an all-time high of just under $7 billion in deposits in December 2021, the liquidity provides an opportunity to reclaim the success of the past.

Of course, this is assuming things unfold in the best-case scenario, but that is not certain because it is not the first time Yearn has attempted an overhaul in recent years.

In October 2023, a new vote introduced an escrow token model, like those used by protocols such as Curve Finance, Balancer, and Velodrome, however, even though there was support from YFI token holders, the new model wasn’t widely adopted.

“Only 3.8% of the YFI supply is locked, a figure that is in decline,” 0xPickles pointed out. “This demonstrates a fundamental lack of interest in the model.”

The new simpler model suggested by 0xPickles
0xPickles’ proposal will scrap the vote escrow model in favour of a simpler staking model.

Under the new model, YFI holders will be able to lock up their tokens via staking, which would qualify them to receive a portion of the protocol’s revenue.

Another proposal suggests restructuring the DAO to make it more profit-oriented while mandating on-chain financial reporting to justify budget requests from contributors.

As for what is prompting these changes, the proposal’s author cited organizational misalignment and coordination inefficiency as two cogent reasons.

There is also a final proposal to formalize a plan to distribute 1,700 YFI tokens through strategic contributor incentives, establish a capped performance bonus program, and create a long-term contributor retention pool.

The three proposals are currently being discussed on the Yearn governance forum ahead of a vote. It is being touted as an “all-or-nothing” package because the proposals form a single initiative, which means that for it to take effect, it has to pass in full via a DAO vote.

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The altcoin market is navigating a period of volatility and uncertainty, with traders closely watching Bitcoin and Ethereum as they attempt to reclaim key levels. For many investors, the long-awaited altseason—a period where alternative cryptocurrencies outperform BTC—remains more of a hopeful narrative than a present reality. With BTC and ETH dominating market sentiment, smaller assets are caught in a tug-of-war between fading confidence and renewed optimism.

Despite the uncertainty, key data points suggest altcoins are heating up beneath the surface. Futures volumes have started to climb again, and liquidity is showing signs of shifting away from major coins into higher-risk plays. Historically, this kind of behavior often precedes strong rotations within the crypto market, where capital flows into mid- and low-cap tokens once confidence in BTC and ETH stabilizes.

For now, investors remain cautious, with many awaiting confirmation that bullish momentum will return before committing more aggressively. The coming weeks will be critical: if Bitcoin and Ethereum manage to hold above support and reestablish an upward trend, altcoins could be positioned for explosive growth. Until then, volatility will likely define trading conditions, leaving investors balancing both risk and opportunity.

Altcoin Futures Volume Signaling A Move
The altcoin market is drawing increased attention after 24H futures trading volume surpassed that of Bitcoin and Ethereum, according to the latest market data. This shift highlights a surge in speculative activity, with investors pouring liquidity into higher-risk assets. Analyst Ted Pillows explains that despite last week’s sharp flush-out, which cleared overleveraged positions across multiple altcoins, retail traders have quickly returned to the market, embracing what he calls a “full degen mode” approach.

Altcoin 24H volume surpasses BTC and ETH | Source: Ted Pillows
This dynamic raises both opportunities and risks. Elevated trading activity in altcoin derivatives reflects renewed appetite for risk-taking, signaling that investor sentiment has not been entirely derailed by recent volatility.

On the other hand, history shows that when altcoin futures volumes climb disproportionately compared to BTC and ETH, the market often faces heightened liquidation risk. Leveraged bets amplify price swings, and even small corrections can cascade into massive liquidations, dragging prices lower across the board.

Whether it materializes as a breakout to new highs or another round of forced liquidations depends largely on Bitcoin’s ability to stabilize and broader macroeconomic conditions. For now, the message is clear: retail enthusiasm has returned, volumes are rising, and altcoins are once again the focal point of speculative trading. While this sets the stage for explosive price action, it also reinforces the need for caution as the risk of another major liquidation event looms.

Altcoin Market Consolidates
The chart of the total crypto market cap excluding the top 10 coins shows that altcoins continue to trade in a decisive zone around $303B. After several months of consolidation, the market cap has formed a base above the $250B region, a level that acted as resistance in 2023 and now serves as support. This structural shift suggests that altcoins are maintaining strength despite recent volatility in Bitcoin and Ethereum.

Crypto Total Market Cap excluding Top 10 | Source: OTHERS chart on TradingView
The moving averages highlight the trend more clearly: the 50-week SMA remains above the 200-week SMA, keeping a long-term bullish bias intact. However, the market has struggled to reclaim the $400B mark, a key resistance area tested multiple times since early 2024. Each rejection at this level has led to sharp retracements, signaling the importance of $400B as a breakout threshold for the next altseason.

Current price action shows tightening around the 50- and 100-week SMAs, reflecting indecision but also the potential for a strong move once momentum returns. A sustained close above $320B could signal renewed bullish momentum, while a breakdown below $280B may confirm deeper corrections.

Featured image from Dall-E, chart from TradingView

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance.
Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

Solana is once again at a pivotal crossroads, with its price hovering around the 50-day EMA —a level that could dictate its next major move. A decisive break above $220 could ignite fresh bullish momentum, while failure to hold could open the door for a slide back toward $175.

SOL Tests 50-Day EMA As Market Watches Closely
Lark Davis, a widely followed crypto analyst on X, recently noted that Solana has returned to test its 50-day EMA. This moving average has historically provided both support and resistance for SOL, making the latest retest a key moment for traders watching the coin’s short-term direction.

In addition, Davis highlighted signs of improving momentum on the indicators. The MACD histograms are curving upward, hinting at a potential shift in momentum from bearish to bullish, while the RSI is slowly rising, suggesting that buying pressure may be building. These developments signal that Solana is preparing for a recovery phase if buyers step in with stronger conviction.

Source: Chart from Lark Davis on X
Despite these encouraging signals, Davis noted that trading volumes remain muted. Low volume often raises concerns about the strength behind a move, as rallies without significant participation can fade quickly. 

What To Watch For As Solana Builds Strength
Analyzing the potential outlook for Solana, Lark Davis highlighted two distinct, high-stakes scenarios based on how the asset interacts with the 50-day Exponential Moving Average (EMA). This EMA acts as a pivotal line, and the price’s reaction here will determine the direction of the short-term trend.

The first potential outcome is that if the price is decisively rejected at the 50-day EMA, known as a bearish retest, it would signal weakness and likely lead to a move downward. In this case, the analyst targets the $175 support level as the expected floor. While he qualifies shorting as “nasty business,” he suggests it could be done in this specific situation.

The second outcome, which is a bullish scenario, requires a strong display of conviction from buyers. This involves a successful and robust reclaim of the 50-day EMA, specifically confirmed by today’s daily candle closing above $210. To further solidify this bullish case, the price ideally needs to push beyond the subsequent resistance at the 20-day EMA, which sits near $220.

Given the immediate threat and the potential for a swift upside move, the analyst suggests a high-risk, high-reward play. Initiating a long position from the current price, near $209, with a tight stop-loss might be a sensible strategy to catch the bullish scenario and capitalize on the quick momentum if the price successfully reclaims the 50-day EMA.

SOL trading at $208 on the 1D chart | Source: SOLUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com

The U.S. Securities and Exchange Commission (SEC) has requested that issuers of exchange-traded funds related to XRP, Litecoin (LTC), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) withdraw pending 19b-4 filings.

Journalist Eleanor Terrett reported the change, stating that the recent approval of generic listing standards by the regulator eliminates the need for individual filings, thereby clearing the path to approval.

🚨SCOOP: The @SECGov has asked issuers of $LTC, $XRP, $SOL, $ADA, and $DOGE ETFs to withdraw their 19b-4 filings following the approval of the generic listing standards, which replace the need for those filings. Am told withdrawals could start happening as soon as this week.

— Eleanor Terrett (@EleanorTerrett) September 29, 2025

These standards are a replacement for the old case-by-case review under Section 19(b) of the Securities Exchange Act. Instead of waiting up to 240 days for a decision, issuers can now rely on predetermined requirements. Exchanges that meet these criteria can proceed directly to the listing process, significantly reducing the overall process. Terrett stressed that this development is a sign that the new framework is working as it is supposed to.

Faster approvals and simplified procedures
Under the new rules, commodity-based ETFs, including those that are linked to cryptocurrencies, can be listed provided they meet eligibility criteria such as having futures contracts under the jurisdiction of the Commodity Futures Trading Commission (CFTC). With this model, the SEC effectively minimizes delays associated with filing reviews and with withdrawal notices. 

The final SEC deadlines for some crypto ETF decisions under the 19b-4 process start this month, including for XRP, SOL, and Dogecoin. Crypto issuers such as Fidelity and Franklin Templeton are now modifying their applications accordingly. Additionally, the Issuers are expected to start taking their older submissions back within days.

According to market analysts, the generic listing framework will spur a wave of new spot cryptocurrency ETFs. Unlike earlier filings, which required scrutiny by an individual, the new process brings efficiency while ensuring compliance protection.

Political risks cloud the timeline
Even with the streamlined system, there is uncertainty. Bloomberg analyst James Seyffart cited the impending government shutdown in the US as a possible roadblock. This rule’s effective date falls within the window of time during which the SEC may begin accepting applications for the rule’s waivers, raising questions about staffing and decision-making capacity.

Seyffart’s colleague Eric Balchunas added that it’s not clear yet when these ETFs will launch. With prospectuses being filed months ahead of time, the timing of approval now hinges on the Division of Corporation Finance of the SEC, not statutory deadlines.

To add to further uncertainty in the near term, Polymarket’s prediction market signals a 69% likelihood of a shutdown by October 1. The budget negotiations have already held up the discussion of the CLARITY Act, another crypto-related bill.

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Strategy expands Bitcoin holdings to record 649,031 BTC despite MSTR stock slump Oluwapelumi Adejumo · 22 seconds ago · 2 min read

Despite incremental BTC purchases, MSTR stock dips as volatility raises investor apprehension.

Sep. 29, 2025 at 7:28 pm UTC

2 min read

Updated: Sep. 29, 2025 at 7:28 pm UTC

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Strategy (formerly MicroStrategy) expanded its Bitcoin holdings by purchasing of 196 BTC for $22.1 million at an average price of $113,048 per coin, according to a filing with the US Securities and Exchange Commission (SEC) dated Sept. 29.

According to the firm’s dashboard, this acquisition marks its third-smallest buy this year, following its 130 BTC in March and 154.64 BTC in August.

These incremental additions have increased Strategy’s total Bitcoin reserve to 649,031 BTC, representing 3% of the total BTC supply and making it the largest corporate BTC holder.

Meanwhile, the firm has spent roughly $47.35 billion on its position at an average cost of $73,983 per coin. With Bitcoin trading higher at more than $110,000, that stash is now worth $72.67 billion, translating into an unrealized profit margin of 53.47%.

The company disclosed that the purchases were financed through proceeds from at-the-market offerings of its Class A common stock (MSTR) and two perpetual preferred stock instruments, STRF and STRD.

Strategy confirmed it had raised $128 million through these equity sales, providing liquidity for continued accumulation.

MSTR stock fallsWhile the company continues to expand its Bitcoin position, its MSTR stock has been under pressure lately.

MSTR has fallen to its lowest level in six months, according to CryptoQuant analyst JA Maartun, who flagged the decline on Sept. 29. He noted that the sharp drop to near $300 reflects both heightened volatility and investor concerns.

Strategy MSTR Price Drawdown From ATH (Source: CryptoQuant)Google Finance data shows that MSTR rallied to $455.90 in mid-July but has since retraced to approximately $309.06 by Sept. 26, resulting in a 32.5% loss over the past month. The decline contrasts with Bitcoin’s performance, which is up 22% year-to-date, compared to MSTR’s 11%.

The weaker stock performance has pushed Strategy’s market-adjusted net asset value (mNAV) down to 1.39x, the lowest level recorded in 2025.

Strategy mNAV Since Sept. 2024 Till Date. (Source: Strategy Tracker)Still, Strive Chief Risk Officer Jeff Walton argued that MSTR’s long-term returns remain resilient. He pointed out that even if mNAV fell to parity, MSTR would have outperformed Bitcoin more than 2x since the company adopted its Bitcoin-focused approach.

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Shiba Inu (SHIB) is witnessing a significant shift on centralized exchanges, as fresh on-chain data reveals that the meme coin’s reserves have plunged below the $1 billion mark following a massive withdrawal spree. While this decline may seem concerning at first glance, historical trends suggest that such large-scale withdrawals often indicate a shift from selling to accumulation in the long term. 

Shiba Inu Exchange Reserves Plunge To New Lows
According to data from CryptoQuant, Shiba Inu’s exchange reserves have experienced a steep drop in recent months. As of September 28, 2024, SHIB’s supply across exchanges was approximately 143.62 trillion tokens, equivalent to over $1.5 billion at the time. However, by Monday, September 29 2025, reserves have thinned down significantly to 84.55 trillion tokens, valued at just under $998 million at current market rates. 

Based on this timeline, the supply of Shiba Inu on exchanges has decreased by a whopping 59.1 trillion tokens in just one year. This marks the lowest level of SHIB held on exchanges since 2023, highlighting a shift in investor sentiment as withdrawals flood the market. 

Notably, the sharpest decline in Shiba Inu’s exchange reserves this year was recorded on January 7. At the time, holdings across these centralized platforms fell to 107.84 trillion SHIB, marking a drop of more than 33 trillion tokens from January 6, when reserves stood at roughly 140.79 trillion coins.

Source: Chart from CryptoQuant on X
Since then, SHIB’s exchange balances have continued to shrink, decreasing week by week. The decline in available supply suggests that investors may be moving their tokens into self-custody or staking options, thereby reducing risks from widespread selling pressure. Historically, when exchange reserves plummet, assets become scarcer for trading, creating conditions in which price pressure can develop if demand increases. 

At the same time, SHIB’s price has faced turbulence in recent months. The token is currently trading at around $0.000011, down from its local highs earlier this year. However, analysts like ’SHIB KNIGHT’ on X social media believe that the current dip represents a buying opportunity, pointing out that the meme coin has entered a key accumulation zone. He argues that long-term holders are capitalizing on lower valuations, slowly adding to each dip. 

Technical Signals Hint At SHIB Price Breakout
While Shiba Inu’s exchange supply declines, technical charts suggest that the meme coin may be preparing for its next price breakout. According to market expert ‘SHIB Mortal,’ Shiba Inu is showing signs of setting up for an “Uptober” rally. His chart analysis highlights a descending resistance trendline that the coin has repeatedly tested, paired with strong support around the $0.000010 zone.

SHIB Mortal’s chart illustrates a potential reversal pattern forming, where the meme coin could bounce off current support, reclaim the trendline, and ignite a possible rally to $0.000019 by October. This move would mark a surge of over 70% from current levels around $0.000011. 

SHIB trading at $0.000011 on the 1D chart | Source: SHIBUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com

Plasma (XPL), a new blockchain built for lightning-fast stablecoin transfers, is exploding in popularity, fueling bullish Plasma price predictions.After launching its mainnet and hitting major exchanges, XPL surged to $1.68 — a jaw-dropping 3,260% return for those who entered at the presale price of $0.05.

Both agencies are moving forward "in lockstep" on similar efforts to open the policy gates to crypto businesses, which Atkins told reporters is the "top priority." Sep 29, 2025, 6:39 p.m.

WASHINGTON, D.C. — U.S. Securities and Exchange Commission Chairman Paul Atkins said that "crypto is job one" as his agency hosted a Monday roundtable focused on harmonizing policy work with its sister regulator, the Commodity Futures Trading Commission.

STORY CONTINUES BELOW

Both agencies are set to have central roles in overseeing the digital assets markets in the U.S., with the SEC overseeing crypto securities and the CFTC — especially after it's expected to be given more authority by Congress — supervising the bulk of digital assets transactions. But leaders of both have said they want the borders between securities and commodities to be seamless, allowing single firms or even apps to traverse both without difficulty.

"Our two agencies must work in lockstep," Atkins told a crowd of financial compliance lawyers and industry representatives at the SEC headquarters in Washington. "What matters is building a framework where our agencies coordinate seamlessly."

Read More: SEC, CFTC Chiefs Say Crypto Turf Wars Over as Agencies Move Ahead on Joint Work

The CFTC Acting Chairman Caroline Pham added, "It's a new day, and the turf war is over."

Though it's an unusually powerful sentiment from these agencies, which have often been at odds with each other, the CFTC side is still absent a permanent leader to assure its strategic decisions won't be shifted under new management. But Pham spent some of her time at the microphone assuring the crowd that her agency is moving at a rapid pace under her leadership.

"The CFTC is alive and well, and there needs to be no more FUD about what's going on," she said, evoking the common crypto-world acronym for "fear, uncertainty and doubt."

Atkins commented on the CFTC leadership under Pham, with whom he's been working together on crypto initiatives, as "full-speed ahead."

On the sidelines of the roundtable event, the SEC chairman told reporters that "obviously, top priority right now is crypto."

He said in response to a question from CoinDesk that President Donald Trump "kind of laid down the gauntlet" and wants to sign a market structure bill by the end of the year. "We'll see how that goes."

Asset tokenization will be one particular area of SEC focus, he said, though he said it may take "a year or two" to erect regulatory guardrails around the activity.

"The potential is pretty much endless," he said.

Atkins also dismissed speculation about the SEC and CFTC merging, calling it "fanciful."

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Crypto Adoption in Emerging Markets Poses Risks to Financial Resilience: Moody's

Set 26, 2025

The risks are most acute in areas where crypto's use extends beyond investment into savings and remittances, according to the report.

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Cryptocurrency adoption in emerging markets poses risks to monetary sovereignty and financial resilience, credit ratings giant Moody's said in a new report.Moody's suggests that higher penetration of stablecoins pegged to the U.S. dollar weaken monetary transmission when it leads to pricing and settlement increasingly occurring outside a market's domestic currency.Crypto ownership expanded to an estimated 562 million people by 2024, an increase of 33% from 2023, the report said. Basahin ang buong kwento

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A recent survey found that Ukrainians are focusing on diversifying their investment strategies as their trust in the traditional financial system weakens, turning to Bitcoin (BTC) and other cryptocurrencies for savings and investments.

Ukrainians Turn To Bitcoin For Financial Security
A survey conducted by Ipsos and commissioned by crypto exchange WhiteBIT revealed that Ukrainians no longer perceive traditional financial models as the most reliable option due to the ongoing war, inflation, currency fluctuations, and uncertainty.

The survey, conducted between April and May 2025, included 650 financially active respondents aged 18 to 65 living in cities with populations over 100,000, excluding temporarily occupied territories and active conflict zones.

The surveyed group consisted of 300 financially active adults who earn income, save money, and don’t reject investing in Bitcoin or other cryptocurrencies, as well as 350 respondents who already hold part of their savings in crypto.

According to the study findings, more than half of the respondents are focusing on diversification rather than conservatism, already considering or using alternative investment tools beyond traditional savings scenarios, such as cash and bank deposits.

Therefore, traditional savings tools are being complemented by new ones, the survey highlighted, with cryptocurrencies already among the most popular investment tools, alongside bank accounts and real estate.

Notably, cryptocurrencies like Bitcoin are gradually losing their status as “exotic,” ceasing to be solely a trading tool and becoming one of many financial strategies in the modern Ukrainian investor’s portfolio:

Common use cases include trading (57%), long-term asset storage (52%), protecting savings from inflation (51%), as well as daily financial transactions and transfers of funds (assets).

49% of Ukranians viewed crypto as a source of revenue in 2025. Source: Ipsos
As the chart above shows, 49% of respondents consider digital assets to be an opportunity to earn significant capital, while 47% view crypto as an opportunity to earn additional or passive income. Meanwhile, 31% of the surveyed individuals view digital assets as a means of protecting savings from inflation, and 41% see them as a vehicle to safeguard savings from the war’s impact on the economy.

The survey also found that Ukrainian investors “are ready to take responsibility for their financial future” as they show a desire for financial independence and learning about the sector.

Citing experts, the survey noted that “in times of military instability, people are increasingly seeking tools that allow them to manage finances independently of the state or banking system.”

Similarly, a September report by the European Bank for Reconstruction and Development (EBRD) noted that Ukraine emerged as one of the leading crypto users as several economies in the EBRD regions continue to face high government interest payments as a share of GDP and/or high public debt.

According to the report, “the 2025 growth forecast for Ukraine has been revised down, as the impact of the ongoing Russian aggression has been compounded by weak harvests,” while the external sector has deteriorated.

Nonetheless, Ukraine stands out with one of the highest rates of cryptocurrency exposure, ranking among the top 10 economies globally for crypto adoption between July 2023 and July 2024.

During this period, Ukraine received over $106 billion in crypto inflows, driven mostly by institutional and professional transfers, and has spent $882 million worth of Ukrainian hryvnia on Bitcoin purchases.

Ukraine’s Crypto Landscape
It’s worth noting that Ukraine has received significant aid from the global community through Bitcoin and crypto donations since Russia’s invasion started in February 2022. In March 2022, President Volodymyr Zelenskyy signed the “On Virtual Assets” law, setting in motion a legal framework to regulate the digital asset market in the country.

However, the law has not been implemented yet, as it awaits amendments to the country’s Tax Code. Last year, Deputy Minister of Digital Transformation Oleksandr Bornyakov affirmed that “In times of war, we must use the full range of opportunities and develop new sectors of the economy. Legalization of the crypto sector can have a powerful economic effect, generating a turnover of billions of hryvnias.”

Lawmakers have worked to develop the necessary framework throughout 2025, aiming to offer a practical tool for taxpayers, regulators, lawmakers, and experts that allows “structuring various scenarios of taxation of virtual assets.”

In early September, Ukraine’s Verkhovna Rada passed the first reading of the bill’s draft, which established basic norms for the industry’s regulation, including taxation, and reportedly brings Ukrainian legislation closer to the European MiCA framework.

Lawmakers are expected to review the bill’s text over the next two to three months to prepare it for the second reading, likely to take place at the start of 2026.

Bitcoin trades at $113,785 in the one-week chart. Source: BTCUSDT on TradingView
Featured Image from Unsplash.com, Chart from TradingView.com

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Massachusetts has scheduled an October 7 hearing on a state Bitcoin reserve under S.1967, as federal and state efforts have progressed, including the BITCOIN Act and similar measures in Texas, Utah, and Wyoming, with supporters citing diversification and critics noting volatility and oversight.

Key points:

Bitcoin could challenge the $117,500 level if buyers secure a daily close above $114,000.

Altcoins are trying to start a relief rally, but are still expected to face selling at higher levels.

Bitcoin (BTC) extended its recovery above $114,000 on Monday, indicating aggressive buying by the bulls. BTC remains stuck in a range, with analysts divided about the next directional move. Some expect BTC to start a bear phase, while others project a rally to a new all-time high.

Market participants have turned cautious due to BTC’s near-term uncertainty. BTC exchange-traded products (ETPs) recorded $719 in net outflows last week, per CoinShares’ weekly report. The altcoin picture was mixed; Ether (ETH) ETPs witnessed $409 million in outflows, but Solana (SOL) recorded $291 million in inflows.

Crypto market data daily view. Source: Coin360As September comes to a close, BTC traders look positively toward October, which has historically seen an average rise of 21.89% since 2013, according to CoinGlass data. Bitcoin network economist Timothy Peterson said in a post on X that BTC’s bull phase spans from Oct. 11 to June 11, which gives a 50% chance of BTC surging to $200,000 by June 2026.

Could BTC break above its overhead resistance, pulling altcoins higher? Let’s analyze the charts of the top 10 cryptocurrencies to find out. 

S&P 500 Index price predictionThe S&P 500 Index (SPX) pulled back from 6,699 on Tuesday but found support at the 20-day exponential moving average (6,586) on Thursday. 

SPX daily chart. Source: Cointelegraph/TradingViewThe upsloping moving averages and the relative strength index (RSI) in the positive territory indicate that bulls are in control. If buyers thrust the price above 6,700, the index could resume its uptrend toward the 7,000 level.

Sellers will have to tug the price below the 20-day EMA to weaken the bullish momentum. The index may then plummet to the 50-day simple moving average (6,459). The bulls are expected to defend the 50-day SMA with all their might because a drop below it may trigger a deeper correction to 6,147.

US Dollar Index price predictionBuyers propelled the US Dollar Index (DXY) above the 50-day SMA (98.02) on Thursday, but the bulls are struggling to hold on to the breakout.

DXY daily chart. Source: Cointelegraph/TradingViewThe flattish moving averages and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price turns down and breaks below the 20-day EMA (97.74), it suggests that the index may consolidate between 99 and 96.21 for a while longer. 

On the contrary, if the price turns up from the 20-day EMA and breaks above the 99 level, it indicates a positive sentiment. The index may then climb to 100.50 and eventually to the 102 level.

Bitcoin price predictionBTC has been oscillating between $107,000 and $124,474, indicating indecision between the bulls and the bears about the next directional move.

BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe BTC/USDT pair will complete a bearish double-top pattern if the price turns down and breaks below $107,000. That suggests the Bitcoin price may have topped out in the near term. The pair could plummet to $100,000 and subsequently to the pattern target of $89,526.

Conversely, if the price rises above the moving averages, it indicates that the selling pressure is reducing. The pair may then climb to $117,500, which is a critical level to watch out for. If buyers overcome the $117,500 barrier, the all-time high is likely to be tested.

Ether price predictionETH started a pullback from $3,815 on Thursday, which is likely to face selling at the 20-day EMA ($4,262).

ETH/USDT daily chart. Source: Cointelegraph/TradingViewIf buyers overcome the resistance at the 20-day EMA, the Ether price could rally to the resistance line. Sellers will again attempt to halt the recovery at the resistance line as a break and close above it could open the doors for a rally to $4,957.

Instead, if the price turns down from the 20-day EMA, it signals a negative sentiment. That increases the possibility of a break below $3,745. If that happens, the ETH/USDT pair may tumble to $3,426. 

XRP price predictionXRP (XRP) continues to trade inside the descending triangle pattern, indicating that the bears have kept up the pressure.

XRP/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns down from the moving averages, the bears will attempt to sink the XRP/USDT pair below the $2.69 support. If they manage to do that, the pair will complete the bearish setup. The XRP price may then collapse to $2.20.

Buyers will have to push and maintain the price above the downtrend line to invalidate the negative pattern. That may trap the aggressive bears, pushing the pair to $3.40 and later to $3.66.

BNB price predictionBNB (BNB) bounced back from the 61.8% Fibonacci retracement level of $934 on Friday, indicating demand at lower levels.

BNB/USDT daily chart. Source: Cointelegraph/TradingViewThe recovery is expected to face stiff resistance at $1,034 and then at the all-time high of $1,083. If the price turns down from the overhead zone and breaks below $932, it signals that the BNB/USDT pair may have topped out in the near term. The BNB price may then tumble to the 50-day SMA ($901).

Alternatively, a break and close above the $1,083 level indicates the resumption of the uptrend. The pair may then start the next leg of the up move to $1,173.

Solana price predictionSOL started a relief rally from $191 on Friday, which is expected to face selling at the 20-day EMA ($216).

SOL/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns down from the moving averages, the bears will try to sink the SOL/USDT pair below $191. If they can pull it off, the Solana price could plummet to $185 and thereafter to $155.

This negative view will be invalidated in the near term if the price turns up and breaks above the 20-day EMA. That clears the path for a retest of the $260 overhead resistance, where the bears are expected to mount a strong defense.

Dogecoin price predictionDogecoin (DOGE) bounced off the uptrend line on Friday, but the recovery is facing resistance at the moving averages.

DOGE/USDT daily chart. Source: Cointelegraph/TradingViewThe downsloping 20-day EMA ($0.24) and the RSI just below the midpoint signal a minor advantage to the bears. If the price turns down and breaks below the uptrend line, it suggests that the DOGE/USDT pair could extend its stay inside the $0.14 to $0.29 range for some more time.

The first sign of strength will be a break and close above the 20-day EMA. That opens the doors for a retest of the stiff overhead resistance at $0.29.

Cardano price predictionSellers pulled Cardano (ADA) below the $0.78 support on Thursday but could not sustain the lower levels.

ADA/USDT daily chart. Source: Cointelegraph/TradingViewThe price rose back above $0.78 on Friday, and the bulls are trying to extend the relief rally to the moving averages. If the price turns down from the 20-day EMA ($0.83), the bears will again attempt to pull the ADA/USDT pair toward $0.68.

Contrarily, if buyers push the price above the moving averages, the Cardano price may reach the resistance line. A break and close above the resistance line signals that the bulls are back in the game.

Hyperliquid price predictionHYPE turned up sharply from the $40 support on Friday, indicating aggressive buying at lower levels.

HYPE/USDT daily chart. Source: Cointelegraph/TradingViewThe HYPE/USDT pair has reached the moving averages, which is a crucial level to watch out for. If the price turns down from the moving averages, the bears will again try to sink the pair below $40. If they manage to do that, the Hyperliquid price could slump to $35.50.

Instead, if buyers drive the price above the moving averages, it suggests that the corrective phase may be over. The bulls will then attempt to push the pair to the all-time high at $59.41

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

In a significant move to bolster security, digital asset platform Nexo has unveiled a new Anti-Scam Engine that monitors transactions in real-time to identify potential fraudulent activities. This system can temporarily halt transactions if deemed high-risk, significantly enhancing protection for its users.

Solana DeFi has reached TVL above $12B with multi-billion-dollar DEX volume and steady fees, while Pump.fun has led weekly revenue for launchpads. Activity has cooled from peaks, yet dominance has persisted amid an ongoing uptrend.

In brief
SWIFT is partnering with Consensys and 30 major financial institutions including Bank of America, Citi, and JP Morgan to develop a blockchain-based prototype for real-time cross-border payments.
The prototype will use a secure ledger with smart contracts to record and validate transactions.
It's still unclear whether it will be built on Ethereum mainnet or the Layer-2 network Linea.
The SWIFT network, which connects more than 11,500 financial institutions globally, is working with Ethereum software giant Consenys and 30 different firms to build a prototype for “real-time 24/7 cross border payments.”

The other firms include Bank of America, Citi, Deutsche Bank, JP Morgan Chase, and Wells Fargo.

“It is envisaged that the ledger—a secure, real-time log of transactions between financial institutions—will record, sequence and validate transactions and enforce rules through smart contracts,” the organization said in a press release.

Neither Consensys nor Swift said whether the prototype is being built on Ethereum mainnet or Layer-2 network Linea—which Consensys incubated. Swift did not respond to a request for comment from Decrypt. Consensys said that it would notdid, but only to say it can’t share more details at this time.

“Swift’s plans to extend its network with blockchain infrastructure is a defining moment for both traditional and decentralized finance,” the company wrote in a blog post. “It reflects a convergence, not a clash.”

The core functionality of SWIFT’s core function is its messaging system, not payment rails. It doesn’t hold customer funds, clear, or settle payments. But the network offers the means by which banks, brokerages, and other financial institutions communicate who is moving money, in what quantities and currency, and the recipients.

The SWIFT network connects 11,500 institutions across more than 200 countries and territories. In 2022, the SWIFT messages corresponded to a daily “net-net” value of around $7.5 trillion, according to a report from Citi.

If the prototype did eventually lead to even a small fraction of the Swift network’s volume being processed onchain, it could be a massive boon. The SWIFT network processes roughly 53 million financial messages, or FINs, per day.

By comparison, the Ethereum mainnet processed 1.4 million transactions yesterday, according to Etherscan. If just 6% of the SWIFT network’s volume were to be processed on Ethereum it would double the network’s volume would double. .

The effect would be more dramatic on Linea, which debutlaunched its mainnet in 2023 and handled 145,000 transactions on Sundayyesterday, according to LineaScan. Using Sunday’s yesterday’s data, it would only take 0.51% of SWIFT’s volume to double the throughput on Linea.

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Bitcoin reclaimed $112K support, as ZEC, PUMP and MNT lead daily gains for altcoins.

Sep 29, 2025 at 17:09 // Price

Solana price analysis by Coinidol.com. The bulls bought the dips, but the price continues to fluctuate within the bearish trend zone.

Solana's (SOL) price has fallen below the moving average lines, reaching a low of $191. The altcoin is trading above the $190 support but remains below the moving average lines.

Solana price long-term prediction: bullish

Today, the 50-day SMA barrier has halted the upward correction. If buyers fail to keep the price above the moving average lines, the altcoin will continue to decline.

Currently, the altcoin is retreating from the 50-day SMA level. If the bears break the current support at $190, Solana could return to its previous low of $175. Meanwhile, Solana is trading in a narrow range below the moving average lines and is currently at $211.

Technical indicators

Key supply zones: $220, $240, $260

Key demand zones: $140, $120, $100

SOL price indicators analysis

The price bars are below the moving average lines, which are trending upwards. On the 4-hour chart, the moving average lines slope downwards, with the price bars positioned below them. This indicates the ongoing decline, which is nearing bearish exhaustion. In this scenario, the 21-day SMA has fallen below the 50-day SMA. The 21-day moving average line now acts as resistance for the price bars.

SOL/USD daily chart - September 28, 2025

What is the next move for SOL?

Solana price has stalled after rebounding above the $190 support level since September 25. The altcoin is trading above the $190 support but below the 21-day SMA resistance at $205. The upward correction has been halted by the 21-day SMA barrier, and the upward movement has paused at this level.

SOL/USD 4-hour chart - September 28, 2025

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.

BitMine Immersion Technologies (BMNR) announced its ETH holdings have soared to 2.65 million tokens, representing over 2% of the entire Ethereum supply. In today's "Chart of the Day," presented by Crypto.com, CoinDesk's Jennifer Sanasie unpacks these massive numbers and the strategy driving this move.

Polkadot pUSD stablecoin has progressed to a governance referendum using the Honzon approach on Asset Hub, prompting scrutiny over Acala's legacy, and fit within Gavin Wood's broader vision for DOT-collateralized and “stable-ish” instruments on the network.

TL;DR

Solana developers are evaluating the removal of the 60 million compute unit cap per block after the Alpenglow upgrade, aiming to improve network performance and validator incentives.
The upgrade introduces new consensus mechanisms, Votor and Rotor, to drastically reduce transaction finality from 12.8 seconds to 100-150 milliseconds.
Dynamic block scaling is expected to allow faster validators to process more transactions while enabling smaller validators to skip blocks they cannot efficiently handle.

Solana developers, led by Jump Crypto’s Firedancer team, are considering removing block limits following the successful approval of the Alpenglow upgrade. The proposal, SIMD-0370, would eliminate the current fixed per-block compute unit cap, allowing blocks to scale based on validator processing capabilities. The move is designed to enhance overall network performance and encourage validators with older hardware to upgrade without penalizing smaller operators. This initiative also aims to attract more developers to build advanced decentralized applications on Solana, further expanding the ecosystem.

Advertise

Alpenglow Upgrade Enables Dynamic Block Scaling
Solana Research firm Anza highlighted that removing static block caps could allow less powerful validators to skip overly complex blocks, leaving these tasks to higher-performing validators. This mechanism is expected to create a performance loop where blocks contain more transactions, increasing fees and network throughput. The dynamic scaling model builds upon earlier proposals, like SIMD-0286, which suggested raising the block compute unit limit to 100 million. Analysts expect that higher throughput could drive broader adoption by decentralized finance and NFT projects seeking fast and cost-efficient transactions.

The Alpenglow upgrade also brings two new consensus protocols, Votor and Rotor, which replace the previous Tower BFT and Proof of History mechanisms. Votor is designed to reduce transaction finality, while Rotor replaces the timestamping system to improve inter-validator data transfers. The upgrade is expected to bring finality times down from 12.8 seconds to roughly 100-150 milliseconds, a key milestone for applications requiring near-instant L1 confirmation.

Solana Eyes Internet-Level Speed And New Use Cases
With transaction times potentially reduced to 150 milliseconds, Solana could support high-speed applications requiring cryptographic certainty. The upgrade includes a skip-vote feature to allow slower validators to abstain from voting on blocks they cannot process in time, preventing network disruption. Jump Crypto and Anza will oversee ecosystem governance and Alpenglow deployment, respectively, while the community prepares for testnet activation in December 2025 and mainnet launch in Q1 2026. The new enhancements may also attract institutional developers looking for scalable blockchain solutions capable of handling complex workloads efficiently.

Analysts note that while the upgrade incentivizes hardware improvements, it could also drive centralization if smaller validators cannot keep pace.

ETH price faces rising supply and falling demand as user activity slows, weakening its deflationary burn rate in October. Spot ETH ETFs have seen $389 million in outflows this month, signaling waning institutional confidence and added downside risk. Declining On-Balance Volume points to weak spot demand, threatening ETH’s $4,000 support with possible drop to $3,875.Leading altcoin Ethereum trended sideways in early September as the market attempted to recover from August’s steep correction. However, bears gained the upper hand on September 12 and have since forced ETH into a downtrend. ETH trades at $4,113 at press time, down nearly 15% since then. 

With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.

ETH Supply Climbs as Demand FadesSponsored

On-chain data shows Ethereum’s circulating supply has surged over the past month. According to data from Ultrasoundmoney, 76,488.71 ETH has been added to the coins available to the public. 

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

ETH Circulating Supply Change. Source: Ultrasoundmoney
Ethereum’s circulating supply increases when user activity declines, as this reduces the burn rate on the Layer-1 blockchain.

Generally, as more users transact and engage with Ethereum, the burn rate (a measure of ETH tokens permanently removed from circulation) increases, contributing to Ether’s deflationary supply dynamic. 

Sponsored

However, with a drop in user activity on the network, its burn rate also plummets, leaving many coins in circulation and adding to its circulating supply. 

With ETH facing a climbing bearish bias and no matching demand to absorb the growing supply, downside pressure on ETH strengthens. 

Spot ETH ETFs Record Sharp Outflows
The declining institutional appetite for ETH also points to a bearish outlook heading into October. According to Sosovalue, outflows from ETH-focused funds have reached $389 million this month, the largest monthly capital exit since March.

Total Ethereum Spot ETF Net Inflow. Source: SosoValueSponsored

This matters because ETH’s price has strongly correlated with ETF inflows. So when these inflows dip, it signals waning conviction among institutional players. If this trend continues unabated, it could affect the coin’s price performance over the coming weeks.

A lack of institutional interest could also weigh on retail participation. Without the confidence and liquidity that larger players bring, retail investors may refuse to take positions or commit capital, worsening ETH’s performance in the weeks ahead.

Weak Spot Demand Threatens $4,000 Support
Readings from the ETH/USD one-day chart confirm that spot market participation is also weakening. Its On-Balance Volume (OBV) indicator has trended downward since September 12, signaling falling buyer demand.

Sponsored

The OBV tracks cumulative trading volume by adding volume on up days and subtracting it on down days. When the OBV rises, buyers are driving prices higher with strong volume support. 

Conversely, a declining OBV like ETH’s suggests that selling pressure outweighs buying activity. This amplifies the downside risks for ETH’s price in the coming month. 

If buy-side pressure continues to fade, the altcoin could plunge back below $4,000 and fall toward $3,875.

EtH Price Analysis. Source: TradingView
On the other hand, if sentiment improves and demand surges, ETH’s price could gain some strength, breach resistance at $4,211, and climb to $4,497. 

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

BitMine has expanded to 2.65M in ETH valued at $11B, lifting total assets near $11.6B. Shares have risen more than 6% as weekly purchases have widened its lead, while market data has shown tight ranges for Ethereum near $4,000–$4,200.

BlackRock Inc.’s iShares Bitcoin Trust (IBIT) has surpassed Coinbase Global Inc.’s Deribit platform to become the world’s largest venue for Bitcoin options.

Open interest in options tied to the Nasdaq-listed IBIT reached nearly $38 billion following Friday’s contract expiry, compared with $32 billion on Deribit, per Bloomberg.

Founded in 2016, Deribit had long been the dominant hub for Bitcoin derivatives. In contrast, IBIT only launched options trading in November 2024, making its rapid ascent all the more striking.

In June of this year, IBIT set a new benchmark in the ETF world, surpassing $70 billion in assets under management (AUM) in just 341 trading days — the fastest any ETF has reached that level. 

By comparison, SPDR Gold Shares (GLD) took 1,691 days to hit the same milestone, while other major ETFs like VOO, IEFA, and IEMG took between 1,700 and 2,000 days. 

Later in July, IBIT hit $80 billion AUM in just 374 days — nearly five times faster than Vanguard’s S&P 500 ETF, which took 1,814 days.

The ETF’s rapid growth coincided with the Bitcoin rally at the time. 

U.S.-based regulation This shift reflects a broader structural transformation in crypto markets. While offshore derivatives platforms historically thrived on leverage and high-risk trading, the center of gravity is moving toward regulated, U.S.-based venues. 

IBIT, currently the world’s largest Bitcoin ETF with $84 billion in assets, is benefiting from a virtuous cycle: increased options liquidity enhances credibility, attracting more capital and further deepening the market.

Despite the shift, Deribit — acquired by Coinbase for approximately $2.9 billion in August — retains its strong following among crypto-native traders. 

The platform’s continued popularity highlights that while Wall Street is gaining influence, offshore and decentralized venues remain vital for speculative and experimental trading.

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a junior news reporter for Bitcoin Magazine, based in North Carolina.