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The integer plus marketplace staged a important betterment implicit the past week pursuing the end-of-September slump. Investor involvement began to return, driven by a newfound appetite for safe-haven assets owed to the uncertainty caused by the US government’s first shutdown successful six years.
The increasing request for safe-haven assets whitethorn spot Bitcoin (BTC) travel gold’s rally, perchance starring to a caller all-time precocious of $150,000 earlier the extremity of the year, according to Capriole Investments laminitis Charles Edwards. Bitcoin recovered supra the $120,000 people connected Thursday for the archetypal clip since Aug. 14 and continued to commercialized supra $120,122 astatine the clip of penning connected Friday.
Elsewhere, the ballooning fiscal shortage of France’s cardinal slope whitethorn supply another Bitcoin catalyst, arsenic it whitethorn pb to “trillions of euros” of wealth printing by the European Central Bank (ECB), signaling caller liquidity flowing into Bitcoin, according to Arthur Hayes, co-founder of cryptocurrency speech BitMEX.
BTC/USD, one-day chart. Source: CointelegraphBitcoin $120,000 breakout volition pb to “very speedy move” to $150,000: Charles Edwards
Bitcoin whitethorn surge to a caller all-time precocious of $150,000 earlier the extremity of 2025 arsenic investors heap into safe-haven assets alongside gold, according to Capriole Investments laminitis Charles Edwards.
Bitcoin’s betterment supra the $120,000 intelligence people whitethorn pb to a “very quick” breakout to a $150,000 all-time high, Edwards told Cointelegraph during an interrogation astatine Token2049 successful Singapore. “I wouldn’t beryllium amazed if we went up to $150,000 successful a beauteous abbreviated time, similar we person to interruption retired of the $120,000 range. But that’s astir apt coming, perchance successful the adjacent days.”
Bitcoin roseate implicit 6% successful the past week, recovering supra the $118,500 people for the archetypal clip since Aug. 15, information shows.
BTC/USD, one-month chart. Source: CointelegraphEdwards’ outlook is much blimpish than immoderate different analysts, who task the existent rhythm could propulsion Bitcoin supra $200,000.
André Dragosch, caput of European probe astatine Bitwise Asset Management, told Cointelegraph that the inclusion of crypto successful US 401(k) status plans could unlock $122 cardinal successful caller capital. Even a 1% allocation by status managers, helium said, whitethorn beryllium capable to assistance Bitcoin supra $200,000 earlier year-end.
Cathie Wood: Hyperliquid “reminds maine of Solana successful the earlier days”
ARK Invest CEO Cathie Wood compared Hyperliquid with Solana’s early-stage promise, calling it “the caller kid connected the block.”
“It’s exciting. It reminds maine of Solana successful the earlier days, and Solana has proven its worthy and is, you know, determination with the large boys,” Wood said during a caller interrogation connected the “Master Investor” podcast.
ARK Invest presently holds 3 main crypto assets successful its nationalist funds: Bitcoin, Ether (ETH) and Solana (SOL). The company’s vulnerability to Solana is done Breera Sports, which Wood clarified is tied to the Solana treasury and supported by Middle Eastern investors. She besides noted advisory ties to the task done economist Art Laffer.
Wood did not corroborate immoderate presumption successful Hyperliquid but described the protocol arsenic 1 to watch. Her remarks travel arsenic contention betwixt perpetual futures DEXs has been heating up aft Aster launched a token earlier this period and saw its trading measurement and open involvement surge past Hyperliquid.
Roman Storm seeks acquittal of Tornado Cash wealth transmission charge
Roman Storm, co-founder of Tornado Cash, asked a US national justice to acquit him of his sole condemnation for unlicensed wealth transmission and a hung jury’s counts for wealth laundering and sanctions violations, arguing that prosecutors failed to beryllium helium intended to assistance atrocious actors misuse the crypto mixer.
According to ineligible documents filed connected Sept. 30 to the US District Court for the Southern District of New York and reviewed by Cointelegraph, Storm’s defence argued prosecutors failed to beryllium helium intended to assistance atrocious actors usage Tornado Cash. This, according to the defense, would nullify the grounds for his condemnation based connected negligent inaction.
“Storm and atrocious actors was a assertion that helium knew they were utilizing Tornado Cash and failed to instrumentality capable measures to halt them. This is simply a negligence theory,” the question stated.
The defence further claimed that “lacking affirmative grounds that Mr. Storm acted with the intent to assistance atrocious actors,” the authorities attempted to conscionable its willfulness load by claiming that the suspect failed to forestall misuse. “It is simply a assertion that is antithetical to the willfulness modular and unsupported by the law,” the question stated.
Tornado Cash website. Source: Tornado.CashA question for acquittal asked the justice to propulsion retired charges and the verdict due to the fact that the prosecution’s evidence, adjacent if taken arsenic true, is legally insufficient.
SEC’s tokenized banal propulsion has unclear benefits for crypto: Dragonfly Exec
Tokenized equities volition beryllium a large payment to accepted markets, but whitethorn not beryllium a boon for the crypto manufacture that others person predicted, says Rob Hadick, wide spouse astatine crypto task steadfast Dragonfly.
“There’s nary uncertainty it has a large effect connected TradFi,” Hadick told Cointelegraph astatine the TOKEN 2049 league successful Singapore. “They privation 24/7 trading, it’s amended for their economics.”
However, helium saw unclear benefits for large crypto players successful the real-world plus tokenization space, specified arsenic Ethereum.
The US Securities and Exchange Commission is reportedly developing a program to let blockchain versions of stocks to commercialized connected crypto exchanges aft galore fiscal institutions pushed the regulator to let for always-open markets.
Hadick said that the institutions “don’t privation to beryllium straight connected these general-purpose chains,” giving Robinhood and Stripe arsenic examples of those gathering their ain blockchains.
“They don’t privation to stock the economics. They don’t privation to stock artifact abstraction with memecoins. They privation to beryllium capable to power things similar privateness [and] who the validator acceptable is, they privation to beryllium capable to power what is happening successful their execution environment.”
Rob Hadick speaking to Cointelegraph astatine TOKEN 2049. Source: Andrew Fenton/CointelegraphCentralized exchanges volition beryllium DeFi beforehand ends successful 5–10 years: 1inch co-founder
Centralized crypto exchanges whitethorn vanish wrong the adjacent decennary arsenic decentralized concern (DeFi) aggregators instrumentality over, according to 1inch co-founder Sergej Kunz.
In an interrogation with Cointelegraph astatine Token2049 successful Singapore, Kunz predicted that exchanges volition dilatory modulation into frontends for decentralized exchanges (DEXs). “I deliberation it volition instrumentality similar 5 to 10 years,” helium said.
Kunz argued that portion centralized exchanges are isolated markets, 1inch and its aggregator enactment arsenic a planetary liquidity hub. His comments came arsenic 1inch announced a woody with large US crypto speech Coinbase, integrating its work to supply DEX trading to its users.
Kunz said that investments into onchain systems by centralized exchanges amusement their knowing that the exertion they trust connected “will not enactment everlastingly due to the fact that you person decentralized exchanges and digitalized finance.”
“They don’t privation to miss the bid and enactment behind, and they follow our technology, due to the fact that it’s thing which, from our constituent of view, volition empower the full fiscal industry,“ helium said.
Sergej Kunz astatine Token2049. Source: CointelegraphDeFi marketplace overview
According to information from Cointelegraph Markets Pro and TradingView, astir of the 100 largest cryptocurrencies by marketplace capitalization ended the week successful the green.
The privacy-preserving Zcash (ZEC) token roseate implicit 157% arsenic the week’s biggest gainer successful the apical 100, followed by the DeXe (DEXE) token up implicit 34% connected the play chart.
Total worth locked successful DeFi. Source: DefiLlamaThanks for speechmaking our summary of this week’s astir impactful DeFi developments. Join america adjacent Friday for much stories, insights and acquisition regarding this dynamically advancing space.
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