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Spot solana SOL$221.07 exchange-traded funds (ETFS) are unlikely to draw major investor inflows even if approved this week, according to a Wednesday report from Wall Street bank JPMorgan (JPM). Solana ETFs could see about $1.5 billion in first-year inflows, roughly one-seventh of ether’s ETH$4,336.65, analysts led by Nikolaos Panigirtzoglou wrote.But the analysts warned that figure could be lower due to waning on-chain activity, heavy memecoin trading, investor fatigue from multiple launches, and competition from diversified crypto index products such as those tied to the S&P Dow Jones Indices Digital Markets 50. Corporate treasuries could also divert demand away from spot…

Bitcoin price was holding steady near the $120,000 mark today but recently slumped below that mark to $119,768. All this movement is after a volatile and bullish start to October. Some analysts point to signs that the market has entered what many describe as the “euphoria phase” of the current bull cycle. Bitcoin price surged more than 30% since the start of the year, buoyed by sustained inflows into U.S.-listed Bitcoin exchange-traded funds, renewed investor confidence in digital assets, and expectations that the Federal Reserve will move toward cutting interest rates.  Bitcoin price briefly touched above $126,000 earlier this week…

Flows into bitcoin BTC$111,480.33 exchange-traded funds (ETFs) are on track to set a new quarterly record, according to crypto asset manager Bitwise, which expects a surge in Q4 as institutional access broadens, macro tailwinds strengthen and prices climb.Earlier this year Bitwise predicted that 2025 bitcoin ETF inflows would surpass the record $36 billion set in year one. With $22.5 billion already logged through September, a strong finish could push totals well past that mark, the firm said in a report on Tuesday.A major catalyst came Oct. 1, when Morgan Stanley (MS) cleared its 16,000 advisers, overseeing $2 trillion in assets,…

BTC reversed the Wednesday bounce with a drop to $121,500 early Thursday alongside flat-to-negative action in the European equity markets and persistemt strength in the U.S. dollar. Jamie Dimon, chief executive of JP Morgan, warned of a major stock market correction in the coming months. Meanwhile, Arhur Hayes, chief investment officer at Maelstrom Fund said that bitcoin’s four-year halving cycles are dead and the impending fiat liquidity deluge across the advanced world will continue to grease the crypto bull market. “The global liquidity cycle is clearly turning. Central banks are quietly transitioning from tightening to easing, with rate markets now…

Monad, the Layer-1 blockchain, confirmed in a post on X that its long-anticipated token airdrop will take place next week.The airdrop claims portal will open on Oct. 14, however, Monad’s team has yet to disclose any information about the airdrop’s allocation.Monad has positioned itself as a high-performance Layer-1 chain that has EVM compatibility. Its forthcoming airdrop marks a step toward launching its native token, but without concrete details on how the tokens will be distributed, the community remains in a holding pattern, watching for the next update.The news comes as decentralized perpetuals exchange Hyperliquid listed MON-USD hyperps earlier on Wednesday,…

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE), the exchange said on Thursday.Bybit becomes the first crypto exchange to obtain this full license from the SCA, the company said in a press statement.A number of crypto firms with operations in Dubai are regulated under the VARA framework. The SCA regulation is wider in scope as it applies on the UAE mainland, and applies to entities outside Dubai’s jurisdiction under VARA. (ByBit also has a provisional license under the…

Financial research and analysis firm Fundstrat has tipped Ether to likely “bottom out” over the next two days before heading back higher, with an eventual rally to $5,500. “I do not make much of crypto weakness in recent days, and expect ETH likely bottoms out over the next 1-2 days before heading back higher,” said Fundstrat Global Advisors Managing Director Mark Newton.His commentary was shared by Bitmine chairman and Fundstrat adviser Tom Lee on Thursday. Newton also noted that there has been a “minor three-wave pullback,” which he said was expected to end over the weekend.Newton said that Ether (ETH) has…

Multichain DEX aggregator Shapeshift announced support for shielded (private) transactions with the Zcash privacy cryptocurrency.According to a Thursday announcement shared with Cointelegraph, ShapeShift’s self-custodial decentralized exchange (DEX) aggregator and self-custodial wallet now support Zcash (ZEC) shielded transactions. The announcement comes as Zcash Community Grants allotted $50,000 to support ShapeShift’s technical and marketing investments.According to the announcement, with this move, the organization aims to “offer true privacy on-chain for its users.”This follows ShapeShift’s delisting of anoncoins, also known as privacy coins, in 2020 amid regulatory pressure. Still, this was back when ShapeShift operated as a centralized instant exchange, before it transitioned…

Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.ANALYSISPolymarket’s potential launch of the POLY token may mark the end of UMA’s reign over prediction markets and the beginning of an era where truth itself is governed in-house.So far, the token has only been teased. Nothing is known about the tokenomics or utility of the token, but given complaints from the community, it’s possible to speculate on…

Messaging app Telegram founder and CEO Pavel Durov warns that a “dark, dystopian world” is approaching, with governments worldwide rolling back privacy protections.“I’m turning 41, but I don’t feel like celebrating. Our generation is running out of time to save the free internet built for us by our fathers,” said Durov in an X post on Thursday.“Once-free countries are introducing dystopian measures,” said Durov, referencing the European Union’s Chat Control proposal, digital IDs in the UK and new rules requiring online age checks to access social media in Australia.“What was once the promise of the free exchange of information is…