SEC and FINRA scrutinize unusual trading ahead of crypto-treasury announcements: WSJ

Bitcoin has seen a remarkable inflow of $678 billion this cycle, according to on-chain data from analytics firm Glassnode. This figure not only highlights the growing interest in Bitcoin but also shows that its Realized Cap growth has been 1.8 times larger than in the previous cycle. This surge in investment is significant as it reflects increasing confidence in cryptocurrency, potentially paving the way for further adoption and innovation in the sector.

Crypto analyst Kevin, known as Kev Capital TA, recently discussed Bitcoin's current pullback, emphasizing that the cryptocurrency's future movement depends on maintaining a support range between $107,000 and $98,000. He believes this range is crucial for the next phase of the bull cycle, especially as Bitcoin's price dipped to $108,651 amid bearish market sentiment. This analysis is significant for investors as it highlights key levels to watch for potential recovery or further decline.

The crypto market is experiencing a significant downturn, with the total market cap falling over 2% to $3.85 trillion as of September 26. Bitcoin has dropped below the $109,000 mark, leading to more than $1.2 billion in liquidations. This decline is concerning for investors and could signal broader instability in the cryptocurrency sector, making it a critical moment for market watchers.

Interpol's recent operation has led to the freezing of 400 wallets and the recovery of $439 million in assets, highlighting a significant step in combating online scams. This collaborative effort involved over 40 countries and showcases the global commitment to tackling cybercrime, particularly in the cryptocurrency space. Such actions not only protect investors but also enhance the integrity of digital financial systems.

VanEck's recent consultation with the SEC's Crypto Task Force on tokenized ETFs marks a significant step in bridging the gap between cryptocurrency and traditional finance. This engagement reflects the increasing interest from institutional investors in integrating digital assets into established financial frameworks, potentially paving the way for more innovative investment products in the future.

Citigroup has raised its forecast for the stablecoin market to an impressive $1.9 trillion by 2030, reflecting a growing confidence in this digital asset class. Despite this optimistic projection, the bank cautions that institutional adoption remains low, currently rated at just 0.5 out of 10. This news is significant as it highlights the potential for growth in the stablecoin sector, which could reshape financial transactions and investments in the coming years.

XRP is gaining attention as analyst Dark Defender predicts a potential breakout by October. Despite challenges in surpassing the $3 mark, the formation of a Falling Wedge pattern suggests that XRP could surprise the market soon. This is significant for investors and enthusiasts, as a breakout could lead to increased interest and investment in the cryptocurrency, potentially impacting its value and the broader market.

XRP has officially joined a Nasdaq-listed crypto ETF following the SEC's approval of broader digital asset listings. This is a significant development for the cryptocurrency market, as it not only legitimizes XRP but also opens the door for more digital assets to be included in mainstream financial products. The SEC's decision reflects a growing acceptance of cryptocurrencies in traditional finance, which could lead to increased investment and innovation in the sector.

The US Senate has scheduled a hearing to discuss cryptocurrency taxation policy, a significant step towards clarifying regulations in the rapidly evolving digital currency landscape. This hearing is crucial as it aims to address the complexities surrounding crypto taxes, which have been a source of confusion for many investors and businesses. By establishing clearer guidelines, the Senate hopes to foster a more stable environment for cryptocurrency transactions, potentially encouraging more participation in this innovative financial sector.

A recent policy change by the US Securities and Exchange Commission may pave the way for quicker approvals of exchange-traded funds (ETFs) related to cryptocurrency. This shift is significant for retail investors, as it could enhance access to crypto investments and potentially stabilize the market. Experts believe that streamlined ETF approvals could attract more institutional interest, ultimately benefiting the broader crypto ecosystem.

Bitwise has filed an S-1 for a spot HYPE ETF, which is exciting news for investors looking to gain regulated access to Hyperliquid's token through traditional brokerage accounts. This move could open up new opportunities in the cryptocurrency market, making it easier for more people to invest in digital assets.

Ohio is taking a significant step towards modernizing its payment systems by moving to accept cryptocurrency for state fees, pending vendor approval. This initiative not only reflects the growing acceptance of digital currencies but also aims to streamline transactions for residents and businesses alike. By embracing crypto, Ohio could enhance its financial ecosystem and attract tech-savvy individuals and companies, making it a more appealing place for innovation and investment.

The article delves into the ongoing debate about whether Bitcoin's hard cap of 21 million can be altered. It highlights the historical attempts to change this limit and discusses the challenges faced in creating a viable alternative to Bitcoin, which remains the leading cryptocurrency. Understanding this topic is crucial as it impacts the future of digital currencies and their acceptance in the financial world.

Circle, a leading stablecoin issuer, is making waves by proposing on-chain refunds for USDC on its Arc blockchain. This innovative approach aims to help institutions manage disputes more effectively, combining the rapid transaction capabilities of blockchain technology with the safety features typically associated with traditional banking. This move could enhance trust and efficiency in digital transactions, making it a significant development in the financial landscape.

Sui's price is currently testing support around $3.10, which is a crucial level for traders as they look for signs of recovery. Despite a slight dip of 3.5% in the last 24 hours, the rising trading volume and new partnerships indicate a growing institutional demand that could strengthen Sui's long-term prospects. This situation is significant as it reflects the market's confidence in Sui and could attract more investors looking for opportunities in the cryptocurrency space.

Ethereum ETFs are facing a tough time, with losses extending for a fourth consecutive day as ETH drops below the crucial $4,000 threshold. On September 25, these ETFs saw net outflows of $251.20 million, indicating a shift in institutional sentiment towards a more bearish outlook. This trend is significant as it reflects growing concerns among investors about the future performance of Ethereum, which could impact the broader cryptocurrency market.

Robbie Mitchnick, BlackRock's global head of digital assets, recently shared insights on the current state of institutional adoption of crypto exchange-traded funds (ETFs). He emphasized that while retail adoption is thriving, institutional interest is still in its infancy. This is significant as it highlights the potential for growth in the crypto market, especially with established players like BlackRock leading the charge with their Bitcoin and Ethereum products.

Michael Egorov, the founder of Curve Finance, has launched a new Bitcoin yield protocol that aims to enhance the earning potential for Bitcoin holders. This development is significant as it not only showcases innovation in the cryptocurrency space but also provides users with more opportunities to generate passive income from their Bitcoin investments.