News & Research

The price of Ethereum (ETH) has fallen below $4,300, breaking a key support trendline previously highlighted by Fundstrat founder Tom Lee, Cointelegraph reported. The outlet identified $4,180 as the next significant support level for the asset. Cointelegraph's analysis cited several factors for the bearish outlook, including ETH's historical price weakness in September, a continuous decline in open interest, and negative funding rates suggesting short positions are dominating the perpetual futures market. While $4,180 is the immediate support level to watch, Cointelegraph noted that a decisive rebound is unlikely as the current decline follows a prolonged bull market, adding that traders should be prepared for a potential drop to $3,100.

A pseudonymous analyst known as Bluntz, who has approximately 327,000 followers on X, predicted a major rally for Solana (SOL) once its current consolidation phase concludes, The Daily Hodl reported. The analyst stated that SOL has been trading within a range for 36 days and is forming an ascending triangle, which is considered a bullish pattern. According to Bluntz, Solana’s 166-day range against Bitcoin is showing signs of a breakout.

Investors in Strategy (MSTR) have withdrawn a class-action lawsuit against the company, The Block reported. The suit had alleged that Strategy made false and misleading statements regarding its Bitcoin investment strategy.

Julio Moreno, a senior analyst at CryptoQuant, stated that from a short-term valuation perspective, BTC's downside support is around $100,000 if the cryptocurrency fails to quickly reclaim the $112,000 level.

Binance founder Changpeng Zhao said that the one thing to avoid in the cryptocurrency market is selling at the bottom.

A Bitcoin OG has resumed purchasing ETH after a two-day pause, according to Lookonchain. The long-term holder, who previously bought 641,508 ETH, deposited and sold 1,000 BTC on Hyperliquid to acquire spot ETH.

Real Vision analyst Jamie Coutts stated that the current market cycle is characterized by a step-like ascent rather than a parabolic surge. He noted that a clear slowdown from the biggest demand drivers—companies holding Bitcoin and ETFs—suggests the possibility of further short-term declines. Coutts added that a correction is likely to continue until the fourth quarter, when the next wave of liquidity is expected. He identified potential catalysts for this liquidity as interest rate cuts, adjustments to the Supplementary Leverage Ratio (SLR), Chinese economic stimulus, and a wildcard event related to Donald Trump.

International Business Settlement Holdings, a company listed on the Hong Kong stock exchange, has announced plans to raise 500 million Hong Kong dollars ($64.0 million). The company intends to invest 90% of the proceeds in cryptocurrency and its Web3 business.

The total assets under management (AUM) in tokenized institutional alternative investment funds (IAFs)—which invest in asset classes outside of traditional stocks and bonds—grew by 47% over the past 30 days to reach $1.74 billion, Cointelegraph reported. According to data from RWA.xyz, Centrifuge leads the market with $700 million in AUM, representing a 40.4% share, followed by Securitize with $650 million and Superstate with $210 million. More than half of all tokenized IAFs are built on the Ethereum network.

The Ethereum Foundation has announced plans for a new protocol update aimed at enhancing interoperability between Layer 2 solutions to make them function more like a single, unified chain, The Block reported. Citing a blog post from the foundation, the report states that the initiative will focus on three key areas: Initialization, which includes modularized intents and standardization; Acceleration, focused on reducing latency and costs; and Finalization, involving real-time proofs and fast finality.