“Liquidity builds quietly—breakouts announce it.”
QUESTION OF THE DAY
With ETFs setting the pace and payments rails widening, do you prefer buying strength on a close back above $126K—or bidding the dip near $121K while flows remain positive?
BITCOIN PRICE ACTION
- Bitcoin looks far from overbought as ‘stars are aligned’ for ETF surge (Cointelegraph)
- Bitcoiners are in profit, but beware of short-term fragility: Glassnode (Cointelegraph)
- Bitcoin Slides From $126,000 Peak as Market Eyes Whether Uptober Rally Can Last (BeInCrypto)
BITCOIN ADOPTION
- Jack Dorsey's Square Unveils Bitcoin Payments, Wallet for Retailers; 0 Fee (Decrypt, BeInCrypto, Cointelegraph)
- PayPay acquires 40% stake in Binance Japan to bridge crypto and digital payments (The Block, CoinDesk)
- 🇮🇳 Bitcoin ad on the front page of the Times of India!
STRATEGIC RESERVE and DATs
- This NYSE-Listed Food Company DDC Enterprise Aims to Stack $1.2 Billion in Bitcoin (Decrypt, The Block)
- 🇸🇪 Sweden proposes removing Bitcoin capital gains taxes for payments They're also considering a Bitcoin strategic reserve. HUGE 🔥
- Luxembourg Sovereign Wealth Fund Invests in Bitcoin (Decrypt)
ALTCOINS
- XRP Rejected at $2.93, Tests $2.85 Support After Failed Breakout (CoinDesk)
- Solana’s Hidden Bullish Signal Returns — Could a New All-Time High Be Imminent? (BeInCrypto)
- SOL’s next stop could be $300: 3 forces shaping Solana’s next major rally (Cointelegraph)
- DOGE Rejected at $0.26, Slides 2% as Profit-Taking Hits (CoinDesk)
STABLECOINS
- Citi invests in stablecoin firm BVNK as Wall Street deepens crypto push (Cointelegraph)
- Coinbase, Mastercard in advanced talks to buy $2B stablecoin firm (The Street, CoinDesk)
- Ripple’s Stablecoin Inches Closer To The $1 Billion Mark After New RLSUD Expansion (BeInCrypto) (E)
- Stablecoins make dollar transfers as easy as sending email, says Circle president (The Street) (E)
ETFs
- Institutional Wave Pushes Bitcoin ETFs Toward Record Quarter (BeInCrypto)
- Bitwise 'not playing around,' sets 0.20% fee for its Solana staking ETF (The Block)
- BlackRock’s bitcoin ETF surpasses 800,000 BTC in assets under management after $4 billion inflow streak (The Block)
POLITICS
- Senate Democrats' Leaked Crypto Position Would Strangle DeFi, Industry Insiders Say (CoinDesk, The Block) (E)
- Massachusetts Bitcoin reserve bill gets lukewarm response at hearing (Cointelegraph) (E)
VOICES
- Arthur Hayes: The 4-year Bitcoin cycle is dead (Cointelegraph, CoinDesk, Decrypt)
- Peter Brandt: Bitcoin set for ‘dramatic’ surge if it doesn’t top soon (Cointelegraph)
- GRANT CARDONE: "Every Bitcoin you sell is going to cost you $1 million." (E)
- JUST IN: 🇺🇸 Senator Cynthia Lummis tells Jack Dorsey we have a bill ready for de minimis tax exemptions on Bitcoin. Tax-free Bitcoin payments soon 😎(E)
- CYPHERPUNK ADAM BACK: "Buy Bitcoin every month, never short." (E)
- 🇺🇸 JP Morgan analysts raise Bitcoin target to $165,000, citing parity with gold. 🟧 (E)
-
Jack Dorsey: "We want bitcoin to be everyday money asap." Coming soon 🔜
WHAT TO WATCH
LISTEN TO THIS!
Why This Bitcoin Cycle Could Last Until 2027 | Mike Alfred | Supply Shock
