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Ethereum is trading at critical levels after a period of heightened volatility that has left traders and investors on edge. The price has been swinging between key resistance and support zones, reflecting a market torn between optimism for another leg higher and caution over potential short-term corrections. While sentiment remains divided, on-chain data paints a more confident picture behind the scenes. Related Reading According to recent reports, large holders and institutions continue to accumulate ETH, reinforcing the idea that the current market uncertainty may be viewed by many as an opportunity rather than a threat. At the same time, staking…

Hong Kong is scaling up its digital yuan infrastructure, adding more merchants accepting e-CNY payments. Authorities are also exploring raising transaction caps and expanding wallet functionality, which are part of broader efforts to deepen cross-border payment integration with mainland China.Sponsored SponsoredCurrent Limits Under ReviewHong Kong’s government is working to expand China’s digital currency reach within the territory. Since the pilot program’s expansion in May 2024, the number of local retail merchants accepting e-CNY payments has gradually increased.Secretary for Financial Services and the Treasury Christopher Hui emphasized the initiative’s strategic importance, stating that the digital renminbi “provides residents of both regions with an…

In brief Bitcoin is sliding away from its all-time high above $126,000, but predictors still see $140,000 hitting before $110,000. Myriad users swung the odds of a Polymarket token announcement wildly after a cryptic post from the firm’s founder. The MLB Playoffs have been filled with drama, creating a lot of volatility in the Mariners and Tigers winner market. Predictors in search of volatility have plenty of options to choose from on Myriad Markets this week.Swift spikes in probabilities this week for token launches, crypto prices, and the Major League Baseball playoffs have created ample opportunity for predictors to trade…

In brief Bitcoin’s “debasement trade” narrative echoes gold’s historical role as a hedge against currency dilution. Some observers say Bitcoin still trades more like a high-risk asset than a haven. Others argue that could change as gold grows more expensive and trust in fiat erodes. Bitcoin’s latest price movements are reviving an old narrative that traders and macro investors have dubbed the “debasement trade.”The term describes a bet against fiat currencies, a move toward scarce or hard assets whenever markets expect governments to finance deficits with cheaper money. It’s a trade born from fear that currencies are quietly being diluted.But…

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…