Hopes rise for altseason, but the signals aren’t there yet
Crypto analysts believe the altcoin season could be arriving soon as liquidity shifts to risk assets, but altseason indicators currently stand at bear market lows.
Bulls dominate as Bitcoin options open interest soars to $63B
Bitcoin options open interest reached a record $63 billion, with bullish strike prices at $120,000 to $140,000 dominating.
Crypto traders brace for Friday’s delayed US inflation report
September’s inflation data, which has been delayed by the government shutdown, is expected to be high at 3.1% but it is unlikely to stop momentum for Fed rate cuts.
Trader who made $190M shorting crash also apparently bet on CZ’s pardon
While some onchain sleuths called it “obvious insider knowledge,” others argued that Trump’s pardon of Changpeng Zhao was expected.
DeFi perps volume explodes past $1T in a record month so far
Hyperliquid, Aster and Lighter have pushed decentralized perps trading volume to over $1 trillion in October, beating August’s tally with a week to spare.
Traders see BNB going ‘up only’ after Trump’s CZ pardon
The sharp rise in BNB’s price also has crypto traders speculating that altcoin season could be on the horizon.
Trump on CZ pardon: I’m told ‘what he did is not even a crime’
Following the pardon, CZ said he would do “everything we can to help make America the Capital of Crypto and advance Web3 worldwide.”
Custodia, Vantage Bank launches platform for tokenized deposits
Custodia Bank has launched a solution that lets banks tokenize deposits, enabling them to benefit from blockchain’s advantages while safeguarding customer deposits.
Despite gov’t shutdown, crypto market structure bill ‘90% there’ — Coinbase CEO
The remaining “10%” of issues center mainly on DeFi, which Brian Armstrong says lawmakers are addressing carefully to preserve innovation.
US eyes quantum computing investments amid rising national security stakes
Washington is considering direct investments in US quantum computing companies as it seeks to keep pace with China’s tech capabilities.