Bitwise ‘not playing’ as it proposes low fee for its Solana ETF

Bitcoin has made a significant comeback, reclaiming a price of $122,000, largely driven by the impressive performance of the BlackRock Bitcoin ETF, which has surpassed 800,000 BTC in assets under management. This surge is not just a win for Bitcoin investors but also signals growing institutional interest in cryptocurrency, potentially paving the way for further adoption and stability in the market.

XRP is gaining attention as ETF approvals are on the horizon, which could significantly boost its price. Despite potential delays due to a government shutdown, analysts are optimistic about XRP's future. October is expected to be a pivotal month for Ripple, making it an exciting time for investors and crypto enthusiasts alike.

Sharps Technology is making waves by expanding its digital asset treasury strategy with Solana and Coinbase, showcasing a significant shift in how traditional firms are engaging with cryptocurrencies. This move not only reflects the growing acceptance of digital assets but also highlights the potential for increased shareholder value, making it a noteworthy development in the financial landscape.

Bitcoin is making waves after reaching a record high of $126.2K, and experts are optimistic about a potential rally in Q4 that could push prices even higher. This surge is supported by a significant rise in gold prices, which have jumped 21% in just over a month. The alignment of these factors suggests that now might be the perfect time for investors to pay attention to cryptocurrencies and precious metals, as they could see substantial gains in the near future.

Solana's price is showing promising signs of a significant rally, with a bullish cup-and-handle pattern emerging on its monthly chart that suggests a potential target of $425. This development is important as it indicates growing investor confidence and could attract more attention to Solana, potentially leading to increased trading activity and investment in the cryptocurrency market.

Bitwise and 21Shares have updated their ETF filings for Ethereum and Solana, indicating a potential change in the landscape of crypto exchange-traded products in the U.S. This is significant as it may allow these funds to include staking rewards, which could attract more investors and enhance the appeal of cryptocurrencies in traditional finance.

Coinbase has made a significant move by launching staking services for Ethereum and Solana for its New York users after finally receiving regulatory approval. This is a big deal because it opens up new opportunities for crypto enthusiasts in one of the most heavily regulated states in the U.S., allowing them to earn rewards on their investments. This development not only enhances Coinbase's offerings but also signals a positive shift in the regulatory landscape for cryptocurrencies.

XRP's price is currently hovering just below $3 as traders prepare for important exchange-traded fund decisions expected in mid-October. The market is experiencing a lull in momentum, partly due to the ongoing U.S. government shutdown and a decrease in trading activity. As of now, XRP is trading at approximately $2.82, reflecting a slight decline of 1% from previous levels. This situation is significant as it highlights the uncertainty in the cryptocurrency market and the potential impact of regulatory decisions on XRP's future.

Helius, the treasury company for Solana, is making waves with its ambitious plan to acquire 5% of all SOL tokens and pursue a public listing in Hong Kong. This move not only strengthens its digital asset strategy but also signals confidence in the future of Solana's ecosystem. By expanding its holdings and seeking public investment, Helius aims to enhance its market presence and attract more investors, which could lead to increased stability and growth for the Solana network.

The Trump Coin ETF from Canary Capital has made its way onto the DTCC's National Securities Clearing Corporation list, signaling a potential step towards approval. This is noteworthy as it highlights the growing interest in cryptocurrency-based ETFs, even though the token is currently trading 90% below its all-time high. The addition to the list could pave the way for more institutional interest and investment in this space, which is crucial for the future of digital assets.

Solana's recent market performance shows a slight decline, with its price dropping to $221 after failing to maintain above $230. This comes after a brief surge to $238 earlier in the week, indicating some volatility in the market. Despite this pullback, the overall revenue milestone of $2.8 billion suggests a strong underlying interest in Solana, which could support a bullish outlook moving forward. Investors and analysts will be watching closely to see if Solana can regain its footing and continue its upward trajectory.

Bitcoin is experiencing significant gains, driven by a surge in ETF inflows, indicating strong demand in the market. However, analysts from Glassnode caution that the increasing leverage could pose short-term risks for investors. This situation is crucial as it highlights the balance between potential profits and the fragility that comes with market volatility.

A recent analysis from Bitcoin Magazine reveals that Bitcoin is entering an exciting euphoria phase, with predictions suggesting it could reach a staggering $180,000. This forecast is based on advanced on-chain frameworks, which provide insights into market trends. Such predictions are significant as they can influence investor sentiment and market dynamics, potentially leading to increased interest and investment in Bitcoin.

The latest FOMC minutes reveal a strong inclination towards further rate cuts, which could significantly impact the economy and financial markets. This is particularly important as the Fed aims to balance inflation control with employment growth. As Bitcoin continues to rise, this environment may present a prime opportunity for investors looking to capitalize on the crypto market's momentum. Understanding these developments is crucial for anyone interested in finance and investment.

The US Treasury's ongoing plans to accumulate Bitcoin could significantly bolster its position in the digital asset market. This strategic move, discussed during a private dinner with a CleanSpark executive, highlights the government's intent to influence global economic and cryptocurrency dynamics. As the Treasury continues to invest in Bitcoin, it may pave the way for more robust regulations and innovations in the crypto space, ultimately shaping the future of digital finance.

The DeFi protocol Abracadabra has suffered a significant setback, losing $1.8 million due to a logic flaw in its batch function. This incident highlights the vulnerabilities that can exist in decentralized finance systems, as the attacker has already laundered the stolen funds through Tornado Cash. Such breaches not only impact the affected platforms but also shake investor confidence in the security of DeFi protocols, making it crucial for developers to prioritize security measures.

Ethereum developers have unveiled the Kohaku roadmap, aiming to significantly improve wallet privacy and security. This initiative introduces modular tools and zero-knowledge recovery options, along with decentralized transaction handling. This is important because it addresses growing concerns about digital asset security, making it safer for users to manage their cryptocurrencies.

Gold has reached an all-time high of $4,000, capturing attention amidst global turmoil, including rising wars and fluctuating central bank rates. This surge is significant as it reflects investors' growing confidence in gold as a safe haven during economic instability, especially with inflation and a weakening dollar. As traditional markets like the Nasdaq struggle, gold's rise could indicate a shift in investment strategies, making it a crucial topic for both investors and economists.