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In brief Myriad prediction market users currently favor bullish moves for both Bitcoin and XRP. Bitcoin hit a new all-time high over the weekend, and XRP last hit a record price in July. The charts currently lean bearish, but sentiment undoubtedly favors the “moon” scenarios. As “Uptober” nears the midway point, crypto traders are positioning themselves for what may be coming next—in particular, for Bitcoin and XRP, two of the oldest and largest crypto assets by market cap.And traders on Myriad, a prediction market built by Decrypt’s parent company Dastan, are placing their bets. At the moment, Myriad users give…

In brief An English business owner was sentenced to 22 months in prison for fraudulently securing a Covid-era loan and spending it on crypto, gambling, and personal expenses. The man used a first loan legitimately for his glass-fitting business, but illegally received a second loan and used the funds improperly. Ioannou must also now pay £40,000 in restitution and work 150 unpaid hours, according to the UK Insolvency Service. The head of a rural English glass-fitting company has been sentenced to nearly two years in prison, after illegally using a Covid-19-era loan from the government on gambling and crypto.Haralambos Ioannou,…

In brief Solana exchange-traded funds could get the green light this month. But investor fatigue and more interest in Ethereum could dampen inflows into the products, JP Morgan analysts have said. A number of top asset managers have this year tried to get SEC approval for a SOL ETF. U.S. exchange-traded funds giving investors Solana exposure will struggle to break records, JPMorgan analysts said this week.More Solana ETFs are expected to hit U.S. markets in the near future as the Securities and Exchange Commission mulls applications, but “fatigue” from investors and a more favorable perception of Ethereum is likely to…

In brief Intel’s new Core Ultra 3 debuts in 2025 with RibbonFET and PowerVia tech for better efficiency and density. The Company Foundry division losses hit $3.2 billion in Q2 as AMD captures 32% of desktop CPUs and nearly 40% of revenue. AMD’s OpenAI GPU deal, Apple Silicon, and Qualcomm’s PC chips tighten the noose. Intel unveiled its Panther Lake processor architecture Thursday at its Arizona campus, staking the company’s future on a chip that CEO Lip-Bu Tan calls critical to reclaiming lost ground in the AI-powered PC market.The Core Ultra Series 3 processors, code-named Panther Lake, mark Intel’s first…

The new initiative will unite Ethereum’s top cryptographers and engineers under a single privacy framework. The Ethereum Foundation (EF) has announced the formation of a new group of 47 researchers, engineers, and cryptographers who will work together to make Ethereum’s Layer 1 infrastructure safer and more private. According to analysts, this change in structure is a show of the institution’s seriousness about adding privacy features directly to the Ethereum ecosystem, moving it from a side project to a main development priority. Expanding Ethereum’s Privacy Framework In an October 8 blog post, EF noted that the “Privacy Cluster” integrates multiple…

In today’s “Crypto for Advisors” newsletter, Joshua De Vos, research team lead at CoinDesk, breaks down crypto trends and adoption from the CoinDesk Quarterly Digital Asset Report.Then, Kim Klemballa answers what advisors need to know about crypto “Ask an Expert.”Thank you to our sponsor of this week’s newsletter, Grayscale. For financial advisors near Denver, Grayscale is hosting an exclusive event, Crypto Connect, on Thursday, October 23. Learn more.– Sarah MortonDigital Asset Quarterly Review Q3Digital assets extended their recovery in Q3 as liquidity returned to global markets. As stated in CoinDesk’s Digital Assets Quarterly Report, the Federal Reserve’s decision to cut rates…

Shares of Strategy (MSTR) are down about 3.6% today, weighed by a slide in Bitcoin. The broader crypto market is under pressure. Bitcoin slipped roughly 2% over the past 24 hours, retreating from recent highs. That drop is rippling into crypto-linked equities — Strategy is one of the most exposed. Strategy (MSTR) is currently trading at $319.84 Strategy, co-founded by Michael Saylor, reported $3.9 billion in fair value gains for the third quarter of this year. The company holds roughly 640,000 Bitcoin, with an average purchase price of $73,983 per coin. Investors see Strategy now as nearly a pure Bitcoin…

BNB, the native token of BNB Chain and widely used for transaction fee discounts on Binance, fell more than 2% in the last 24-hour period amid a trading volume spike and as BNB Chain memecoin trades unwind.The token dropped from $1,308 to a low of $1,255 earlier in the session, recovering to $1,270, where it’s currently trading. The selloff was met with high-volume buying near the $1,255-$1,280 range, signaling potential institutional accumulation at lower prices, according to CoinDesk Research’s technical analysis model.Despite a modest bounce, BNB struggled to reclaim key resistance near $1,320, leaving short-term bearish pressure intact.This turbulence came…

FIL$2.3019 fell as much as 7% in the last 24 hours, tumbling from $2.39 to $2.23, according to CoinDesk Research’s technical analysis model.The model showed that the token posted a $0.19 range representing 7.9% volatility. Sellers dominated at the $2.41 resistance level as transaction volume exploded to 5.92 million tokens traded, crushing the 3.42 million daily average. Bulls defended $2.23 support, with volume spiking above 4.8 million, according to the model.Classic capitulation patterns emerged as selling exhaustion signaled potential base formation above critical $2.23 floor, the model said.In recent trading, Filecoin was 5.1% lower, around $2.26.The wider crypto market also…

Roger Ver — once dubbed “Bitcoin Jesus” for his early evangelism of bitcoin — has reached a tentative deal with the U.S. Justice Department to resolve criminal tax fraud charges, according to The New York Times reporting. The agreement, still awaiting court approval, would require Ver to pay roughly $48 million in back taxes. In return, prosecutors would drop the case if he meets the terms of a deferred-prosecution deal. The case against Ver, filed in 2024, accused him of evading taxes tied to his massive bitcoin holdings before renouncing his U.S. citizenship in 2014. He was arrested in Spain…