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‘Uptober’ Hype Is Shaky as Bitcoin’s Most Predictable Months Keep Failing

As some analysts continue pushing the “Uptober” narrative, calling for a strong rally in October based on its historic performance, the same historic data now warns to be more cautious. The two most predictable months in terms of bitcoin price performance rose in 10 of the previous 12 years, but ended in the red three […] from Bitcoin News https://ift.tt/sk7pxB6
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Bitcoin Behemoths Strategy and IBIT Amass 1.65 Million BTC Worth $140B

Strategy and Blackrock’s IBIT now control a combined 1.653 million bitcoin worth roughly $140.82 billion, nearly 8% of the network’s absolute 21 million supply ceiling. The two piles are almost the same size, but that’s where the resemblance ends. Strategy operates a corporate treasury, while IBIT’s bitcoin backs shares in an exchange-traded fund (ETF) trust. […] from Bitcoin News https://ift.tt/yDA0G9i
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CFTC Opens Crypto Rulebook as Selig Tells Industry ‘Build Here’

The CFTC took the wraps off a potentially sweeping U.S. crypto market framework Monday, opening a 60-day public comment period on rules covering retail crypto commodity transactions. Chairman Michael S. Selig paired the move with an unusually direct message to builders: “Build here.” His pitch is simple but consequential. Washington wants crypto firms operating under […] from Bitcoin News https://ift.tt/daCcl16
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Atkins Vows More Crypto Rule Changes to Keep Markets Onshore

SEC Chair Paul Atkins’ statements come as the agency proposes a new regulatory framework regarding the custody of crypto assets. He stressed that the SEC is taking on the crypto-regulation task after the Senate failed to pass the CLARITY Act last month. SEC Chair Stresses More Crypto Regulation Is Coming The Securities and Exchange Commission […] from Bitcoin News https://ift.tt/iAxFP28
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Community Bankers Sue US Banking Regulator Over ‘Side Door’ Crypto Charters

The Independent Community Bankers of America filed a federal lawsuit against the U.S. banking regulator alleging that it overstepped its authority under the National Bank Act by granting national trust bank charters to crypto companies. Allegations of Statutory Overreach The Independent Community Bankers of America (ICBA) filed a federal lawsuit against the Office of the […] from Bitcoin News https://ift.tt/f02nrVS
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Zcash Price Slides 23% as Grayscale ETF Hits Reverse

ZEC’s price has taken a beating after September’s blistering run, tumbling roughly 23% from its Sept. 27 peak of $1,697. The zcash market decline arrived alongside a sharp reversal in Grayscale’s zcash ETF, where aroud $93 million exited during its first negative week. Futures leverage has also been wrung out, leaving ZEC near $1,335 and […] from Bitcoin News https://ift.tt/bRsVFZd
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SEC Approves Listing of Bitcoin ETF Targeting 3x Daily Futures Moves

A bitcoin fund targeting three times its futures benchmark’s daily performance has secured SEC listing approval. The ruling covers a broader commodity lineup and preserves exchange oversight and brokerage obligations as the sponsor pursues market access. Bitcoin’s Daily Futures Moves Get a 3x Target Investors could gain amplified exposure to bitcoin futures through a newly […] from Bitcoin News https://ift.tt/gEId53Z
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