Schlagwort: crypto business

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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.

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Metaplanet’s Bitcoin holdings reach 30,823 BTC after strategic Q3 acquisition

  • Metaplanet acquired 5,288 BTC in Q3 2025; total holdings reach 30,823 BTC.
  • Bitcoin Income Generation revenue jumps 115.7% to $16.16M.
  • Long-term target: 210,000 BTC by 2027, backed by major institutional investors.

Metaplanet has taken a bold step in expanding its Bitcoin treasury, acquiring an additional 5,288 BTC during the third quarter of 2025.

This purchase boosts the company’s total Bitcoin holdings to 30,823 BTC, which are currently valued at around $3.33 billion.

The acquisition was made at an average price of $116,870 per bitcoin, reflecting Metaplanet’s continued confidence in the cryptocurrency’s long-term potential.

CEO Simon Gerovich highlighted that this purchase signals their commitment to maximizing Bitcoin yield, which is expected to reach nearly 500% in 2025.

This fresh influx of Bitcoin has helped power a surge in Metaplanet’s Bitcoin Income Generation segment, which recorded quarterly revenue of $16.16 million, a striking increase of 115.7% compared to the previous quarter.

The company’s strategy to scale operations and deepen its Bitcoin treasury is already paying off, underpinning a much stronger financial outlook for the year.

Metaplanet revises 2025 forecasts

Thanks to the robust Q3 performance, Metaplanet has revised its full-year 2025 guidance with optimism.

Revenue projections now stand at $46.26 million, doubling prior estimates, while operating profit expectations have jumped 88% to $31.97 million.

Gerovich noted that these results prove Metaplanet’s operational scalability and bolster the company’s foundation for a planned issuance of preferred shares, which will support its broader Bitcoin Treasury strategy.

Despite this upbeat financial revision, Metaplanet’s stock fell 10% during Wednesday’s trading, closing at 516 yen.

Market reactions may reflect an adjustment to the company’s share valuation or investor caution amid macroeconomic factors impacting crypto-related assets.

Scaling beyond Bitcoin

Metaplanet’s growth strategy is not limited to Bitcoin accumulation.

The company recently launched Phase II of its expansion, which includes new income sources such as its Bitcoin.jp media platform and an upcoming Project Nova, aiming to create sustainable revenue streams beyond direct Bitcoin holdings.

Additionally, Metaplanet has attracted strong institutional backing, with Capital Group acquiring an 11.45% stake, alongside investors like Vanguard, JPMorgan, and State Street, reinforcing confidence in the company’s vision.

The firm also plans to fund its ambitious Bitcoin accumulation goals through perpetual preferred share issuances, designed to raise capital without diluting common equity.

CEO Gerovich has set a long-term target of acquiring 210,000 BTC by 2027, aiming to capture roughly 1% of the total global Bitcoin supply.

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Bitcoin targets $120k amid US government shutdown

  • Bitcoin price is targeting a fresh rally to the $120,000 mark.
  • The US government’s partial shutdown has seen BTC price break the key level of $117,000.
  • Flight to safe-haven assets, and market bets on Federal Reserve interest cuts could fuel bulls’ ambitions.

Bitcoin price surged more than 3% as the United States federal government entered a partial shutdown on Wednesday, with BTC breaking above $117,000 for the first time in weeks.

Amid a spike in safe-haven assets like gold, investors looking for a different hedge against political and economic uncertainty flocked to Bitcoin.

The gains leave the benchmark asset on the verge of another uptick to the $120,000 level.

Bitcoin jumps above $117k amid 3% spike

Bitcoin’s price climbed sharply in early trading on Wednesday, breaking through the $117,000 mark for the first time since mid-September.

Fueled by a 3% intraday gain, BTC bulls shot to highs of $117,400 amid a rapid ascent that also boosted top altcoins like Ethereum and Solana.

Bitcoin price chart by CoinMarketCap

While institutional inflows into spot Bitcoin exchange-traded funds and treasury company moves have provided steady support amid broader market jitters, the latest gains align with fresh moves for safe-haven assets.

US government shutdown catalyst

Technical resilience and the prevailing market conditions have analysts predicting further traction for BTC price.

Notably, the gains in the past 24 hours have brought Bitcoin’s value just 6% below its all-time high of $124,457 reached on August 14, 2025.

A huge catalyst for the uptick looks to be the market’s reaction to the US government shutdown.

On September 30, Congressional leaders and US President Donald Trump failed to strike a deal on continued government funding.

With the deadline passed, a partial shutdown kicked in, with stocks reacting lower and gold rallying to a new all-time high.

The flight-to-safety dynamics, which also align with a significant dip for the US dollar index, propelled gold’s rally.

Bitcoin, attracting investors as a safe haven asset, is also up and could target the psychological $120k level.

As investors react to the shutdown, and impact of potential delays to the release of key economic data, including the September jobs report, BTC stands poised to benefit.

Ostensibly, gold’s rally has pushed its spot prices to a new peak above $3,890 per ounce.

BTC’s own upside could accelerate as the market assesses the shutdown.

What else could help Bitcoin price?

ADP private payrolls data, which showed a 32,000 job loss in September, has fueled expectations of a Federal Reserve cut.

The US central bank cut its interest rate in September, and bets for another cut on October 29 have gotten investors excited.

Lower rates have often been a bullish marker for risk assets, and signs for “Uptober” persist after Bitcoin showed gains in 10 of the past 12 October months.

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CoinShares expands US push with Bastion acquisition and planned listing

  • CoinShares to buy Bastion Asset Management, expanding US crypto investment products.
  • Deal boosts CoinShares’ push into active crypto ETFs amid rising institutional demand.
  • Firm targets $1.2B US listing as SEC streamlines approval process for crypto ETFs.

European digital asset manager CoinShares is moving deeper into the US market with a new strategic acquisition and plans for a public listing.

The firm announced Wednesday that it will acquire London-based Bastion Asset Management, marking a significant step in its effort to broaden crypto investment products in the United States.

The acquisition, which remains subject to approval from the UK Financial Conduct Authority (FCA), will see Bastion’s trading capabilities, systematic strategies, and team fully integrated into the CoinShares platform.

The financial terms of the deal were not disclosed.

A CoinShares spokesperson described the move as a way to combine Bastion’s expertise with the company’s US registration to develop more sophisticated investment products.

“By combining Bastion’s systematic trading expertise with our 1940 Act registration, we can develop actively managed products for the US market that go beyond simple directional exposure to cryptocurrencies,” the spokesperson said.

Active ETFs gain ground

CoinShares is positioning itself to take advantage of a growing shift in investor appetite toward actively managed exchange-traded funds (ETFs).

Unlike passive ETFs, which track an index or asset, active ETFs rely on managers to select investments and aim to outperform the market.

“Most crypto asset managers in the US focus exclusively on passive products that simply track cryptocurrency prices,” the CoinShares spokesperson said in a Cointelegraph report, noting a growing institutional demand for more complex solutions.

The company holds registered investment adviser status under the US Investment Company Act of 1940, which allows it to offer actively managed investment products, including ETFs.

However, these require advanced quantitative and systematic trading expertise—capabilities CoinShares expects to gain from Bastion.

Bastion’s team brings more than 17 years of experience in systematic, alpha-generating strategies developed at major hedge funds including BlueCrest Capital, Systematica Investments, Rokos Capital, and GAM Systematic.

Their approach, which uses academically supported signals to generate returns independent of market direction, aligns with CoinShares’ aim to provide differentiated strategies.

The timing coincides with a broader rise in active crypto ETFs.

While passive products such as spot Bitcoin and Ether funds have historically dominated the market, the number of active ETFs overtook index-tracking funds in July.

Industry data show active funds more than doubled over the past five years, signaling a structural shift in investor preferences.

Building a US presence

CoinShares’ acquisition comes alongside its plan for a US public listing through a special purpose acquisition company (SPAC), valuing the firm at $1.2 billion pre-money.

A US exchange listing is expected to deepen access to capital markets and increase visibility among American institutional investors.

“The US remains the world’s deepest capital market for digital assets, and we’re building the infrastructure, team, and product suite to become a leading institutional player in that market,” CoinShares said.

The announcement follows recent regulatory developments in the US.

The Securities and Exchange Commission has approved rule changes allowing securities exchanges to adopt generic listing standards for new crypto funds.

The change is expected to streamline the process for ETF approvals, cutting the timeline from as long as 240 days to a maximum of 75 days.

With Bastion’s quantitative trading team onboard and the US listing on the horizon, CoinShares is preparing to position itself as a leading provider of both directional and alpha-generating crypto investment products in the world’s largest capital market.

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Aptos eyes $4.70 despite altcoins decline; Check forecast

Key takeaways

  • Aptos is up nearly 4% in the last 24 hours, making it the second-best performer in the top 50 behind Pump.fun.
  • APT could rally to the $4.70 resistance level soon.

APT closes in on $4.5

The cryptocurrency market has been volatile since the start of the week, with prices of altcoins swinging in both directions. Bitcoin is trading above $114k while most altcoins are currently underperforming.

However, APT, the native coin of the Aptos blockchain, is up 4% in the last 24 hours, making it the second-best performer among the top 50 cryptocurrencies by market cap. At press time, APT is trading at $4.44 and could rally higher in the near term. 

The rally comes as Aptos announced earlier today that World Liberty Finance’s USD1 is coming to Aptos. USD1 will have day one support from across the Aptos ecosystem on Monday, October 6. The support includes Aptos DeFi protocols such as Thala, Panora, Echelon, and Tapp Exchange.

APT targets the $4.7 resistance

The APT/USD 4-hour chart remains bearish and efficient despite Aptos adding 4% to its value in the last 24 hours. However, the momentum indicators have switched bullish, suggesting that buyers are regaining control of the market.

The Relative Strength Index (RSI) of 69 is above the neutral 50, indicating a bullish bias. The Moving Average Convergence Divergence (MACD) lines are also within the positive territory, flashing a buy signal for the cryptocurrency.

APT/USD 4H Chart

If the bullish trend on the lower timeframe continues, APT could rally towards the next major resistance level at $4.75 over the next few hours or days. An extended bullish run would allow the cryptocurrency to target the $5.14 high for the first time since August 14.

However, if Aptos undergoes a correction, it could retest the Sunday low of $4.05. The support level at $3.88 could be a tough one for the bears to beat in the near term. 

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