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Solana (SOL) has climbed 10% in the past week, buoyed by bullish technical signals. Trading within an ascending parallel channel and supported by a positive Elder-Ray Index, SOL sits just below a key resistance level at $186.52, with the potential to push past $190 if buying momentum persists.
It is expected that the overall ecosystem will continue to mature, and ultimately, using proxies will become the mainstream way of financial participation.
Ethereum’s recent rally past the $4,000 mark has crushed short sellers and attracted renewed institutional interest, driving futures open interest higher. Holding strong support near $3,909, ETH could push toward $4,430 resistance and possibly retest its all-time high, provided buying momentum continues.
After a quiet week, crypto whales have seized the moment to build positions in key altcoins. Ethereum leads the pack with strong accumulation pushing it above $4,000. Meanwhile, meme coin PEPE and Mantle have also attracted large investor interest, signaling bullish prospects ahead.
- 14:11Data: XPL manipulator who once earned $38 million recently lost $3.65 millionAccording to ChainCatcher, on-chain analyst Ai Yi (@ai9684xtpa) has monitored that cryptocurrency trader @Techno_Revenant, who became famous for making a profit of $38 million from trading $XPL within 20 minutes, recently suffered significant losses. Reportedly, his suspected alternate account 0x9b8 ... 425b0 opened long positions on $BTC and $HYPE after the market flash crash on October 11, resulting in a loss of $2.46 million, with a total loss of $3.65 million over the past week. However, the trader then adopted a "join if you can't beat them" strategy, shorting ETH with 20x leverage, and has currently achieved an unrealized profit of $780,000, partially offsetting previous losses.
- 13:55The US crypto framework bill stalls as the Democratic proposal sparks strong industry oppositionChainCatcher news, according to Cointelegraph, discussions in the U.S. Senate Banking Committee regarding the Responsible Financial Innovation Act (RFIA) have stalled. Last week, Democratic lawmakers submitted a counterproposal that includes strict restrictions on decentralized finance (DeFi) protocols, especially a "restricted list" mechanism regulated by the U.S. Treasury Department to flag "high-risk" DeFi protocols. The blockchain industry has reacted strongly to this; Blockchain Association CEO Summer Mersinger warned that the proposal would "effectively ban the development of decentralized finance, wallet development, and other decentralized applications in the United States," pushing innovation overseas. Jake Chervinsky, Chief Legal Officer of investment fund Variant, was even more blunt, calling the Democratic proposal "not serious" and essentially "an unprecedented and unconstitutional government takeover of the entire industry." Currently, Republicans and Democrats are blaming each other for the amendments to the bill, and negotiations have been suspended. Banking Committee Chairman Tim Scott's original deadline to pass the bill by the end of September has already passed, and the growing divide between the two parties has made the prospects for this milestone legislation even more uncertain.
- 13:53Antalpha increases holdings of Tether Gold (XAUT) worth $134 millions at an average price of $4,021.81.BlockBeats News, on October 14, Nasdaq-listed company Antalpha announced that its subsidiary Prestige Wealth has purchased tokenized gold Tether Gold (XAUT) worth $134 million at a price of $4,021.81 per unit. This acquisition is part of the company’s Antalpha Reserve 2.0 plan. The company also plans to change its name to “Aurelion Inc.”, pending routine approval.