Chris Burniske, a partner at Placeholder, wrote on the X platform: "Although BTC is playing with fire, ETHBTC, SOLETH and SOLBTC are still performing well. This makes me think it is not a sign of weakening market risk appetite, but more likely due to liquidity factors at the end of the year, people are sorting out their books for 2024."
In a social media post, Ripple said: "Despite some speculation, RLUSD will not be launching today. Final approval is ongoing in sync with the New York Department of Financial Services (NYDFS) and will share updates as soon as possible. The team is fully committed to launching products under NYDFS oversight and upholding the highest regulatory standards." Fox Business Correspondent Eleanor Terrett said that two sources close to the program said today was originally the expected release date, but ...
"Despite years of FUD, Binance's client BTC balances have grown 25 per cent this year," Ki Young Ju, CryptoQuant's chief executive, said in an X post. "It has a 40 per cent share of the bitcoin reserve market in global PoR exchanges and is growing every year. Losing Binance will make it difficult for the global crypto ecosystem to recover for some time."
"Despite widespread opposition, SAB 121 has functioned effectively as a statute, even though it has never gone through the normal Administrative Procedure Act process," the House of Representatives will tell Representative Mike Flood this week. Flood said: "I look forward to working with the next SEC chairperson to revoke SAB 121. Whether Chairperson Gary Gensler leaves on his own or President Trump will fulfill his [Gensler's] dismissal...
Analysts at Bitfinex said: "While the market generally expects increased volatility ahead of the November 5 US election, many market participants appear hesitant to adopt a wait-and-see approach. But significant volatility is still expected in the short term after the election, which could" drive significant movement "or, if not, could be a warning sign of a" deeper correction "for Bitcoin in the shorter term."
On September 24th, Matrixport pointed out in the latest report: "Although Bitcoin is naturally volatile, the 30-day rolling return shows that its price has remained in the + 20% floating range for the past 18 months. We expect volatility to decrease further, so in early 2023 we recommend a put option strategy, including selling out-of-the-money put and call options, for additional gains. Even if this strategy may result in losses, with waves...