[Fidelity executive says BTC has entered new bull cycle, eyes $300K by 2029]

Bitcoin has entered a new bull cycle after holding the $60,000 level under a Power Law model, with a $300,000 target for 2029, Fidelity director of global macro Jurrien Timmer said.

A power law refers to a functional relationship in which one variable changes in proportion to, or declines as a power of, another variable.
https://coinness.com/en/news/1169930

[Early whale sells $4.4M worth of AAVE]

An early AAVE whale sold 30,000 AAVE at an average price of $147 over the past two days, for a total of $4.41 million, Lookonchain reported.
https://coinness.com/en/news/1169931

[XRP whales accumulate 470 million tokens over five days]

XRP whales accumulated more than 470 million XRP over the past five days, worth about $724 million, CryptoPotato reported.

Amid the accumulation, Ripple unveiled a smart contract developed with Securitize that lets investors in BlackRock’s BUIDL and VanEck’s VBILL tokenized short-term Treasury funds instantly swap their holdings for Ripple’s stablecoin RLUSD. Securitize said it also plans to integrate with the XRP Ledger, or XRPL, to broaden the use of tokenized assets and the ecosystem.
https://coinness.com/en/news/1169932

[Solana spot ETFs see record daily inflow of $80M-$87M]

U.S. spot Solana ETFs recorded about $80 million to $87 million in net inflows on Sept. 25, the largest daily total on record, Crypto Briefing reported. The figure was more than double the previous high of $33.5 million, while weekly net inflows reached about $181 million.
https://coinness.com/en/news/1169933

[CZ says his social media posts do not move the crypto market]

Binance founder Zhao Changpeng, better known as CZ, said on the 'When Shift Happens' podcast that his social media posts do not have enough influence to move prices across the broader cryptocurrency market.

CZ said he has maintained a bullish view on Bitcoin for a long time, and because he posts five to 10 times a day, messages published just ahead of positive market news may simply be coincidental. He added that if he had known market-moving information in advance, he would not have posted about it, stressing that any overlap between his posts and subsequent market gains was only a matter of timing.
https://coinness.com/en/news/1169934

[Bitget hacker moves $83M in stolen XRP]

A Bitget hacker moved about $83 million worth of stolen XRP to another wallet, CoinDesk reported. Roughly 54 million XRP has now left the original five wallets.
https://coinness.com/en/news/1169935

[BTC falls below $84,000]

According to CoinNess market monitoring, BTC has fallen below $84,000. BTC is trading at $83,990 on the Binance USDT market.
https://coinness.com/en/news/1169936

[Bloomberg analyst says 5% U.S. 10-year yield could curb Bitcoin’s appeal]

Bloomberg senior analyst Mike McGlone said Bitcoin’s relative investment appeal could weaken if the U.S. 10-year Treasury yield rises to around 5% while stock market valuations remain elevated.

McGlone’s analysis focused on how the rate and Bitcoin price backdrop has changed sharply since 2021. Unlike 2021, when the U.S. 10-year yield was around 0.5% and Bitcoin was under $10,000, both the benchmark yield and Bitcoin’s price are now about 10 times higher, suggesting investment flows could move in the opposite direction from that period.

McGlone added that a comparison of the year-end ratio between U.S. stock market capitalization and public debt since 2001 shows the ratio fell to about 1.2 times in 2018 and 2022, when Bitcoin dropped about 70%. The ratio now stands at about 2.1 times. He said a gradual decline in stocks could become a factor that pressures both Bitcoin and interest rates at the same time. If stock prices and Treasury yields remain high instead, Bitcoin could lose relative appeal as a speculative asset as it competes with many other cryptocurrencies while offering neither cash flow nor interest income.
https://coinness.com/en/news/1169937

[Analyst sees slower Bitcoin climb instead of blow-off top this cycle]

Crypto influencer and former FTX community partner Benson Sun said the current Bitcoin market cycle may show a gradual bullish trend with successive record highs, rather than the kind of sharp surge and clear peak seen in 2013 and 2017.

Sun said Bitcoin’s main buyers have shifted since 2021 from retail investors to institutions such as listed companies, spot ETFs, and corporations. As those institutions mainly buy spot holdings and some use delta-neutral strategies, Sun said traditional indicators such as funding rates and the MVRV Z-Score may not rise to extreme levels even at this cycle’s peak. Sun added the top in this cycle is more likely to emerge when additional institutional inflows begin to weaken, rather than when retail investor sentiment overheats.
https://coinness.com/en/news/1169938

[Kraken parent Payward expands toward financial infrastructure model]

Payward, Kraken’s parent company, has spent billions of dollars on acquisitions and investments over the past two years as it pushes a strategy to move beyond an exchange and integrate trading, banking, asset management, and institutional services into a single financial infrastructure platform, CoinDesk reported.

The company is expanding across four business pillars: the Kraken exchange, banking, asset management, and its B2B infrastructure unit, Payward Services. To enter the U.S. derivatives market, Payward acquired NinjaTrader for $1.5 billion, and this year it bought Bitnomial, which owns a derivatives exchange and clearinghouse, for $550 million. In Europe, the company is also pursuing a bank acquisition.

Payward is also strengthening partnerships with financial institutions in tokenization. Nasdaq invested $100 million in Payward and expanded cooperation on stock tokens and market surveillance technology, according to CoinDesk. The two sides are targeting the second quarter of 2027 for the launch of stock tokens. The London Stock Exchange is also reviewing a stock-token business with Payward.
https://coinness.com/en/news/1169939

[U.S., China agree to cut tariffs on $30B of goods, launch AI talks]

The U.S. and China have agreed to reduce tariffs on $30 billion worth of goods each and begin regular talks on AI, Cointelegraph reported. The two countries also plan to set up a hotline to respond to AI-related incidents.
https://coinness.com/en/news/1169940

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https://coinness.com/en/news/1169941

[BTC rises above $85,000]

According to CoinNess market monitoring, BTC has risen above $85,000. BTC is trading at $85,010.01 on the Binance USDT market.
https://coinness.com/en/news/1169943

[BTW fallen 4.31% in the past 5 minutes]

BTW has fallen by 4.31% in the past five minutes on the COINNESS market. Currently, BTW is trading at $1.06.
https://coinness.com/en/news/1169944

[BTW risen 5.89% in the past 5 minutes]

BTW has risen by 5.89% in the past five minutes on the COINNESS market. Currently, BTW is trading at $1.12.
https://coinness.com/en/news/1169945

[BTW fallen 4.23% in the past 5 minutes]

BTW has fallen by 4.23% in the past five minutes on the COINNESS market. Currently, BTW is trading at $1.13.
https://coinness.com/en/news/1169946

[California becomes first U.S. state to ban politicians from issuing, promoting memecoins]

California Gov. Gavin Newsom has signed Assembly Bill 2409, which bans public officials from issuing or promoting crypto assets. The move makes California the first U.S. state to legally prohibit politicians from engaging in memecoin-linked activities.

The bill strictly bars public officials from using their positions to create their own tokens or promote them for profit. It was introduced to address ethical lapses in politics and prevent investor harm, and passed with unanimous bipartisan support in both the state Senate, 40-0, and the state Assembly, 78-0.
https://coinness.com/en/news/1169947

[Buterin unveils 2030 Ethereum roadmap centered on cryptographic world computer]

Ethereum co-founder Vitalik Buterin outlined a sweeping architectural overhaul in a blog post aimed at turning Ethereum into a cryptographic world computer by 2030, combining blockchain infrastructure with modern cryptography.

Buterin said the "Hegota" upgrade set for next year would be the last fork under the current model, after which the protocol redesign would shift toward advanced technologies including recursive STARKs, automated formal verification and quantum-resistant cryptography. Under the plan, nodes would no longer need to re-execute all data directly, instead relying on PeerDAS data sampling and ZK-SNARK proof verification to maximize both processing speed and privacy.

By 2030, when the overhaul is expected to be complete, Ethereum’s block production, or slot, time is projected to be shortened to four to eight seconds, while finality is expected to reach eight to 32 seconds. Buterin added parallel processing and off-chain signature aggregation under EIP-8288 would help position decentralized networks as hybrid infrastructure that improves their own performance and scalability, rather than simply raising costs.
https://coinness.com/en/news/1169948

[Chain of meme-coin rug pulls on Robinhood Chain drains $18.4M]

A single actor appears to have siphoned about $18.43 million through the issuance of 53 meme coins on Robinhood Chain in what The Block described as a large-scale chain of rug pulls.

According to onchain analyst Wazz, the group exploited a 99% anti-sniping fee exemption feature on the Pons V2 launchpad. When a token creator granted fee-exempt status to a specific cluster of wallets, those wallets used bundled transactions within one second of launch to capture more than 80% of the supply, then immediately sold the tokens to pull funds back out.

Wazz said the group repeated the method across more than 50 meme coins, using proceeds withdrawn from earlier tokens to fund initial purchases of later ones. Most of the siphoned funds are in ETH and cannot be frozen, while some were laundered into stablecoins such as DAI through cross-chain bridges.
https://coinness.com/en/news/1169949

[Dozens of sub-won tokens remain listed on South Korean crypto exchanges]

Dozens of so-called fractional-price tokens priced at less than one won each are trading on South Korean cryptocurrency exchanges, SBS Biz reported. According to the industry on Sept. 28, 39 listed tokens across South Korea’s four major crypto exchanges — Upbit, Bithumb, Coinone and Digitalx — were priced below one won as of 7:10 a.m. UTC on Sept. 24, excluding duplicates.

By exchange, South Korean exchanges Bithumb and Coinone each had 26 such tokens, the most among the platforms, while Upbit and Korbit each supported trading in eight. Some had remained below one won for years since listing on domestic exchanges, while others fell under that threshold after losing more than 99% of their value.

In the stock market, delisting rules for so-called penny stocks trading below 1,000 won and for companies failing to meet market capitalization requirements were tightened in July to speed the removal of troubled firms. South Korean crypto exchanges also use self-regulatory standards to monitor virtual assets that fall short of market capitalization or trading value thresholds before ending trading support, but unlike the stock market, per-token prices are not part of the monitoring criteria in the crypto market, which appears to have allowed many sub-won tokens to remain listed.
https://coinness.com/en/news/1169950
See more: https://n.news.naver.com/mnews/article/374/0000534969?sid=101

[QNT risen 4.43% in the past 5 minutes]

QNT has risen by 4.43% in the past five minutes on the COINNESS market. Currently, QNT is trading at $262.88.
https://coinness.com/en/news/1169951