I have dropped down to an hourly chart of ETH. The price path is starting to look impulsive to the downside, despite US Dollar weakness – I still expect a bottom very soon which implies macro regime change and crypto bearish.
ETH was strongly rejected at key resistance yesterday and is starting to cascade lower. There has a been a failed retest higher and negative reversal in RSI (hourly) – price down, RSI up, poor ease of movement higher. Keep looking down near term.
Bitcoin’s October rally masks a more fragile market, with US demand fading, whales leaning short and liquidity concentrating in BTC at Ethereum’s expense.
Equities make up a small slice of the roughly $34 billion tokenised asset market yet account for 93% of its spot trading, with perpetual futures on Asian chipmakers doing much of the work.
The ETF bid has kept Bitcoin above $80,000, but 5%+ Treasury yields and an oil-driven tightening cycle leave the market with little room for error.
A surge in Bitcoin’s $82,500 Polymarket odds reflects a market looking for a floor, not a breakout.
THORChain’s history of centralization, security failures and questionable money flows is well documented. But are today’s critics getting the technical and legal arguments right – and are they applying the same standards to other major DeFi projects?
Three months after Kraken's parent closed its acquisition of the Hong Kong stablecoin card issuer, Reap is building out Mexico as a second hub and pitching AI agents as its next growth channel.
The launch gives a stablecoin native placement on up to 82 million US devices, though at launch users can only hold and send USDC, and the announcement does not say how they will get it into the wallet.
The basic agreement names the venture and splits ownership for the first time, leaving the US connectivity startup in control and its two Japanese shareholders as minority partners.
