Monat: Oktober 2025

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Thailand plans wider crypto ETFs, regulator seeks stronger powers

  • Current options limited to direct tokens or overseas funds.
  • Binance and Kasikornbank driving crypto expansion in Thailand.
  • SEC pushes bill for stronger oversight and enforcement powers.

Thailand is preparing to expand its cryptocurrency exchange-traded fund (ETF) plans to cover a broader range of tokens beyond Bitcoin, with the rollout expected in early 2025.

The move, led by the Securities and Exchange Commission (SEC), comes at a time when the Thai stock market has fallen 7.6% this year, prompting regulators and institutions to explore digital assets as alternative investment options.

Alongside this expansion, the SEC is also pushing a bill to strengthen its oversight of the financial sector, including faster enforcement powers against insider trading and irregularities.

Thailand moves beyond Bitcoin ETFs

The Thai SEC has confirmed that rules are being drafted to enable mutual funds and institutions to launch ETFs that include baskets of cryptocurrencies instead of focusing only on Bitcoin.

Currently, Thai investors can only gain exposure through direct token purchases or by investing in asset managers that channel funds into overseas cryptocurrency ETFs.

The new initiative would make it possible for local products to track multiple assets at once, increasing the supply of investment options available to the market.

The regulator highlighted that younger investors are showing growing demand for crypto exposure in their portfolios as a form of diversification.

By broadening access, the SEC aims to respond to this demand while creating frameworks for safe investment vehicles that can be integrated into mainstream financial markets.

Crypto push accelerates across Thailand

Momentum in Thailand’s digital asset sector has grown steadily throughout 2024. Major international and domestic players, including Binance Holdings Ltd. and Kasikornbank Pcl, are targeting further growth in the local crypto space.

Former Prime Minister Thaksin Shinawatra, regarded as a key figure in shaping the country’s economic direction, has been one of the most vocal supporters of crypto adoption, signalling political alignment with the sector.

The expansion of ETF products fits into broader efforts by the government and financial institutions to position Thailand as a regional hub for digital assets.

With tokenised investment products increasingly viewed as mainstream alternatives, the push could attract investors who are shifting away from underperforming traditional markets.

New bill to strengthen oversight

At the same time, the SEC is advancing a new bill designed to increase its powers in monitoring capital markets. If passed, the legislation would allow the regulator to suspend major transactions in cases where financial irregularities are detected.

It would also give the SEC authority to directly investigate insider trading and other market-impacting misconduct, instead of relying primarily on police resources.

The draft has already been cleared by the prime minister’s law-drafting body and is now awaiting parliamentary discussions.

According to the SEC, the goal is to speed up enforcement against wrongdoers and restore investor confidence in the fairness and stability of Thailand’s markets.

Balancing growth and risks

While the expansion of ETFs is expected to support investor participation in crypto assets, regulators are aware of the risks tied to volatility and market manipulation.

The new framework is being designed to ensure that investor protection measures are in place alongside broader access to products.

By combining market development with stronger enforcement mechanisms, the SEC aims to create a regulatory balance that supports growth without undermining financial stability.

The success of these measures will depend on how effectively institutions can launch diverse ETF offerings, how the public responds to new investment opportunities, and whether the oversight bill is passed into law.

Together, these initiatives mark one of Thailand’s most comprehensive moves yet to integrate crypto into its financial system.

The post Thailand plans wider crypto ETFs, regulator seeks stronger powers appeared first on CoinJournal.

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Dogecoin price outlook: golden cross, whale accumulation and $1 target on the horizon

  • Dogecoin (DOGE) forms a golden cross after defending key $0.22 support.
  • Whales accumulate 450M DOGE as bearish pressure eases.
  • Analysts see $0.33–$0.37 targets with $1 possible by 2026.

Dogecoin (DOGE) has returned to the spotlight after weeks of consolidation, with technical signals and on-chain activity painting a bullish picture for the popular memecoin.

Once seen just as a playful digital token, DOGE now commands a market capitalisation of nearly $39 billion and continues to attract both retail and institutional attention.

Golden cross sparks optimism

One of the most striking developments on Dogecoin’s chart is the formation of a golden cross, a technical pattern that occurs when a short-term moving average climbs above a longer-term one.

Historically, such a formation has preceded strong rallies in both Dogecoin and the broader altcoin market.

Dogecoin price analysis
Source: CoinMarketCap

In addition, DOGE recently defended its $0.22 support zone, where the 0.618 Fibonacci retracement level intersects with the point of control, and has since been on a bullish trend.

Momentum indicators also support this outlook, with a hidden bullish divergence being confirmed on the Relative Strength Index (RSI), while the MACD lines are close to a bullish crossover.

These signals suggest that buyers are slowly regaining control of the market and that a continuation of the uptrend could follow.

The immediate hurdle remains the resistance around $0.2737, with a successful breakout potentially opening the path to $0.37 in the short term.

Whales accumulate DOGE as pressure eases

On-chain data shows that large holders have been quietly accumulating Dogecoin during recent pullbacks.

Santiment’s supply distribution figures reveal that wallets holding between 100,000 and 1 million DOGE tokens, along with those in the 10 million to 100 million range, accumulated about 450 million tokens in late September.

At the same time, mid-sized holders reduced their positions, suggesting some capitulated while stronger hands seized the opportunity to buy at lower prices.

This accumulation has been accompanied by a shift in sentiment in derivatives markets.

The long-to-short ratio on Coinglass has risen above one, indicating that more traders are betting on upside rather than further declines.

Dogecoin long-short ratio
Source: Coinglass

Dogecoin price outlook: key levels to watch

After months of pressure and a 23% decline from its September peak, Dogecoin (DOGE) appears to have stabilised and is regaining momentum.

With bearish pressure fading and buyers stepping in, market conditions appear more favourable for a breakout.

The bullish technical signals, on-chain accumulation by whales, and improving sentiment in the derivatives market all point toward a bullish outlook.

And while risks of volatility remain, the alignment of bullish indicators has revived the debate over whether Dogecoin could stage another breakout.

A decisive close above $0.256 would confirm strength and increase the chances of a rally toward the $0.311 resistance zone.

And should momentum continue, a push through $0.2737 could pave the way for higher targets that analysts have pointed out, including $0.37.

On the downside, a failure to hold current levels could see DOGE retest $0.22, and in a deeper correction, the price could revisit $0.18.

However, positive readings from the Chaikin Money Flow (CMF) index suggest that selling pressure is not overwhelming, reducing the likelihood of a significant breakdown.

The post Dogecoin price outlook: golden cross, whale accumulation and $1 target on the horizon appeared first on CoinJournal.

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Solana price prediction: SOL eyes $240 amid market rally

Key takeaways

  • SOL is up 7% in the last 24 hours and is now trading above $220.
  • The coin could rally towards the $240 resistance as the broader market bounces back from recent lows.

SOL tops the $220 resistance level

The cryptocurrency market has turned things around following a poor start to the week. Bitcoin, the leading cryptocurrency by market cap, hit the $119k level a few hours ago, allowing altcoins to rally higher.

Solana’s SOL added more than 7% to its value in the last 24 hours, making it the second-best performer among the top 10 cryptocurrencies by market cap. SOL’s rally is fueled by Circle’s tokenized U.S. Treasury fund, USYC, launched on the Solana blockchain. This launch means that USYC has expanded beyond the Ethereum, Near, Base, and Canton networks.

USYC has a $630M market cap, making it the fifth-largest tokenized treasury offering. Its launch on Solana could increase the adoption of SOL among institutional investors. The integration on Solana adds new potential use cases for USYC, including using the tokenized treasury as margin collateral for derivatives trading or as a yield-bearing asset in Solana-based DeFi platforms.

SOL targets $240 as rally continues

The SOL/USD 4-hour chart has switched bullish after the coin rallied over the last 24 hours. The coin has broken above the $220 resistance level and is now trading at $224 per coin.

The momentum indicators have also switched bullish. The RSI of 70 shows that buyers are in control, and if it rallies higher, the RSI could enter the overbought region. The MACD lines are also within the positive region, suggesting a bullish bias.

SOL/USD 4H Chart

If the rally continues, SOL could surge towards the next major resistance level at $241. However, the SOL/USD 4-hour chart is inefficient, which could see it grab liquidity around $214 before rallying higher. 

On the flip side, if the market undergoes a correction after its recent rally, SOL could retest the support and TLQ level at $205. The bulls would defend this level, as losing it could see SOL dip below $200.

The post Solana price prediction: SOL eyes $240 amid market rally appeared first on CoinJournal.

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Bitcoin surges as US government shutdown ignites the market

  • Bitcoin has surged to its highest level in over two months, above $119,000.
  • The rally is a direct reaction to the US government shutting down operations.
  • The shutdown is expected to create a “positive liquidity impulse” for markets.

The political paralysis in Washington has become the crypto market’s rocket fuel.

Bitcoin has surged to its highest level in over two months, blasting past the $119,000 mark as the US government officially shut down its operations, a dramatic development that traders are betting will ultimately unleash a wave of new liquidity into the financial system.

The leading cryptocurrency has jumped nearly 4 percent in the past 24 hours, with prices briefly touching $119,455 for the first time since mid-August.

The rally was broad-based, with other major tokens like Ether, XRP, and Solana all rising between 4 and 7 percent.

This is the market’s clear and unambiguous verdict on the chaos gripping the US capital.

A bet on a blind Fed, a wager on new money

The logic behind the rally is a bet on the second-order effects of the shutdown. With the government’s lights now off, the release of key economic data—most notably Friday’s all-important nonfarm payrolls report—will likely be delayed.

This data blackout will effectively blind the Federal Reserve, making it far more likely to proceed with its planned interest rate cuts.

“If ADP is a leading signal and the BLS print is delayed, the Fed is likely to deliver a 25 bp cut in October and pair it with guidance that keeps a second cut on the table by December,” said Matt Mena, a Crypto Research Strategist at 21Shares.

This is the “positive liquidity impulse” that has the market so excited: an expansion of liquidity that makes it easier and cheaper to borrow money, a dynamic that encourages economic growth and, crucially, risk-taking in financial markets.

For some, this shutdown surge is more than just a temporary trade; it is a sign of a fundamental shift in the market’s DNA.

“The message is clear: with traditional data releases in flux and macro uncertainty running high, Bitcoin remains one of the few assets that thrives when the old playbook breaks down,” Mena noted.

“Investors should be watching this moment closely – it could mark the next explosive leg higher in crypto markets.”

The volatility trade: ‘options look cheap’

This expectation of an “explosive” move is now being actively priced into the derivatives market.

According to Greg Magadini, the Director of Derivatives at Amberdata, the long dry spell of low volatility may be about to end, and options are currently looking cheap.

“After a long ‘dry spell’ for BTC volatility, the US government shutdown could finally be the catalyst to make BTC move a lot,” Magadini told CoinDesk.

This, coupled with the steep contango in implied volatility term structure, makes options look cheap.

That “steep contango” means the market is expecting future volatility to be significantly higher than it is today, making near-term options a relative bargain.

Magadini highlighted the “long straddle”—a strategy that profits from a big price move in either direction—as a preferred way to play the impending volatility boom.

“These catalysts could either cause BTC to rally (as a dollar hedge) or crash (if risk assets panic),” he said, explaining why a bet on pure volatility, rather than direction, is so appealing at this uncertain juncture. The quiet days, it seems, are over.

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