[Peter Brandt sees BTC at $600K by 2029]

Veteran trader Peter Brandt said Bitcoin may have already passed its cycle low and entered a new uptrend. Brandt said he had initially expected the bear market to end around Oct. 4, but Bitcoin’s roughly $58,000 level in June may have marked the bottom for this cycle.

In the short term, Brandt said BTC could retrace to $65,000-$66,000 in early October. As market participants rapidly expanded long positions during the recent rebound on expectations of a bottom, the market could go through a pullback that clears out excessive leverage, he said.

Brandt raised his next cycle peak target to $300,000-$600,000 from his previous $250,000-$300,000 range. He said the cycle could peak in late 2029 and that Bitcoin could still reach $500,000 in the current bull market, based on the view that a new bull cycle has begun and that past BTC cycle patterns are broadly repeating.
https://coinness.com/en/news/1170210

[Bitwise research head sees BTC fair value at $197K, Fed pivot as bull market catalyst]

Bitwise Head of Research André Dragosch assessed Bitcoin’s fair value at $197,000 and analyzed a future shift in Federal Reserve policy as a key catalyst for a full-fledged BTC bull market.

Dragosch said recent moves in the U.S. 10-year Treasury yield show the speed of the rise matters more than the level itself. As an empirical risk signal, Dragosch said an increase of around 0.8 percentage point in the 10-year yield over 20 trading sessions is a threshold worth watching. A sharp rise in Treasury yields over a short period could increase downward pressure on risk assets such as stocks, while a deeper stock-market correction could become a trigger for the Fed to change its current policy stance. If a stock-market correction is followed by a Fed policy pivot, the final key condition for a sustained BTC bull market could be met, Dragosch said.
https://coinness.com/en/news/1170211

[Saylor says Strategy will expand BTC-based digital credit business]

Strategy founder Michael Saylor said the company plans to grow its BTC-based digital credit business by positioning common stock MSTR as offering greater upside and downside sensitivity to Bitcoin prices, while perpetual preferred stock STRC offers relatively lower volatility and U.S. dollar income.

In a post on X, Saylor said Strategy issues and redeems STRC, adjusts its dividend rate, and manages U.S. dollar reserves depending on market conditions. The ultimate goal, Saylor said, is to create financial products that pay dividends using BTC as the capital base. Saylor added that STRC, a perpetual preferred stock with no maturity, does not guarantee principal or dividends.
https://coinness.com/en/news/1170212

[Coinbase Ventures, CMCC Global back prediction-market market maker Raven]

Coinbase Ventures and CMCC Global have made a strategic investment in Raven, a trading firm focused on crypto and prediction markets, CNBC reported. The investment amount was not disclosed, and the company was valued at $90 million before the funding round.

Raven provides liquidity on prediction markets including Kalshi and Polymarket by continuously placing buy and sell orders, and has quoted prices on more than 3,000 contracts across sports, crypto, macroeconomics and entertainment.
https://coinness.com/en/news/1170213

[Aptos expands into commerce, payments and the real economy]

Aptos (APT) is broadening its use cases beyond financial assets into the real economy, including commerce and payments. As one example, Daehong Communications, an affiliate of South Korea’s Lotte Group, recently launched L.Ticket, a commerce platform offering various event tickets, and adopted Aptos as its blockchain infrastructure.

Use cases are also increasing in payments and finance. Dollar-based stablecoin OpenUSD selected Aptos, along with Solana and Polygon, as a founding blockchain partner for OUSD. In the RWA sector, BlackRock’s tokenized fund BUIDL, Franklin Templeton’s money market fund BENJI, and Apollo’s tokenized private credit fund ACRED are also being operated on Aptos, according to the report.
https://coinness.com/en/news/1170214

[U.S. SEC chairman wants to move stock markets on-chain]

U.S. SEC Chairman Paul Atkins said he wants to push for an on-chain transition of the stock market, former Bitcoin Magazine editor Pete Rizzo said, citing Atkins’ appearance on CNBC.
https://coinness.com/en/news/1170215

[U.S. House oversight chair expands insider trading probe into Polymarket, Kalshi]

James Comer, chairman of the U.S. House Committee on Oversight and Government Reform, has expanded a congressional investigation into insider trading allegations involving prediction market platforms Polymarket and Kalshi, CNBC reported. Comer had launched the probe in May, requesting materials from Polymarket and Kalshi related to user identity verification, enforcement of geographic restrictions, and the detection of unusual trading activity.
https://coinness.com/en/news/1170216

[Martinez sees risk of BTC downside after Nov. 3 U.S. midterm elections]

Crypto trader Ali Martinez said BTC could face downward pressure after the U.S. midterm elections on Nov. 3.

Martinez said BTC fell 72%, 65%, 52%, and 27% after the 2010, 2014, 2018, and 2022 midterm elections, respectively. Martinez added this did not mean the elections caused the declines, but described it as a notable pattern.

If the historical pattern repeats, Martinez said $73K, the average cost basis for short-term holders, could serve as a key support level. Martinez added the price zone has acted as support during major pullbacks in bull markets.
https://coinness.com/en/news/1170217

[Fintech firm Jeeves raises $110M to expand stablecoin business]

Enterprise payment management fintech firm Jeeves has raised $110 million from investors including Andreessen Horowitz, or a16z, and Coinbase, according to Crypto Briefing. The funding will be used to build a stablecoin wallet, develop AI agents and expand global instant payment services.
https://coinness.com/en/news/1170218

[Bitcoin profit-taking hits yearly high as $80K support comes into focus]

Bitcoin investors’ profit-taking has reached its highest level this year, according to CryptoQuant.

CryptoQuant said traders’ unrealized profit margins had risen as high as 33% while demand was weakening. It added that the broader bull market remained intact, but recent signs suggested cracks were emerging in the latest rally. The first key support level to watch is $80,000, CryptoQuant said.
https://coinness.com/en/news/1170219

[Trump says Iran is collapsing, predicts sharp drop in oil prices]

U.S. President Donald Trump said Iran was in a severe collapse and would soon be finished. Trump added oil prices would fall sharply and said, "앞으로 사람들이 우리나라 역사를 쓸 때 이란에 대한 조치를 가장 중요한 업적 중 하나로 기록할 것."
https://coinness.com/en/news/1170220

[BTC tests long-term holder supply cluster at $84K-$85K]

Bitcoin is testing a key long-term holder supply cluster in the $84,000-$85,000 range, according to The Block, citing Glassnode. Amid a cleanup in leveraged positions after last week’s rally, BTC-denominated open interest has fallen about 20% from August, reaching its lowest level since March.
https://coinness.com/en/news/1170221

[Senate Banking Committee chair says Democrats sank Clarity Act for political gain]

Senate Banking Committee Chairman Tim Scott said the Clarity Act failed because Democrats prioritized political interests over sound public policy and chose to antagonize President Donald Trump rather than do what was right for the American people, CoinDesk reported.
https://coinness.com/en/news/1170222

[Strategy preferred STRC tops $99.4 for first time in 4 months]

Strategy’s perpetual preferred stock STRC has risen above $99.4 for the first time in about four months, BitcoinTreasuries reported. With the stock 60 cents away from $100, reaching that level would allow Strategy to resume raising funds for additional BTC purchases.
https://coinness.com/en/news/1170223

[Robinhood Wallet waives gas fees on Robinhood Chain swaps through year-end]

Robinhood Crypto said on X it will waive gas fees for swaps worth more than $0.50 on Robinhood Chain through Robinhood Wallet. The offer will remain in place through Dec. 31.
https://coinness.com/en/news/1170224

[HANetf launches euro-hedged Bitcoin ETP in Europe]

HANetf has launched what it described as the world’s first Bitcoin exchange-traded product with a euro currency hedge, The Wall Street Journal reported. Because Bitcoin is typically priced in U.S. dollars, European investors are generally exposed not only to BTC price swings but also to moves in the dollar-euro exchange rate when they invest. The product is designed to reduce that dollar currency risk. HANetf said it has recently seen demand among European clients to cut dollar exposure.
https://coinness.com/en/news/1170225

[Pantera says 81% of tokenized U.S. Treasuries are being held, not traded]

In a report, Pantera Capital found 81% of asset value in the tokenized U.S. Treasury market, now worth more than $12 billion, is being held rather than traded, according to Crypto Briefing.

The report examined 593 tokenized assets across 11 sectors and said the overall tokenized asset market grew 60% to around $321 billion from $201 billion in 2024. It added that 77.6% of the assets assessed were real-world or traditional financial assets wrapped on blockchain networks, while fully onchain-native tokens accounted for just 2.7%. Stablecoins stood at about $293 billion, representing 91.6% of the total market.
https://coinness.com/en/news/1170226

[Coinbase offers instant loans backed by HYPE and ZEC]

Coinbase said users can instantly borrow up to $100,000 against HYPE and ZEC without selling the underlying assets. The service runs on MORPHO and is available across the U.S., excluding New York state.
https://coinness.com/en/news/1170227

[Peter Brandt picks XLM as a long-shot bet for the next several years]

Veteran trader Peter Brandt has identified XLM as a cryptocurrency worth watching over the next several years, according to U.Today. Sharing XLM’s long-term monthly chart on X, Brandt said if investors want to bet on a low-probability, high-return "long shot" over the next few years, XLM is a solid option.
https://coinness.com/en/news/1170228

[U.S. CFTC investigates incentive programs tied to prediction markets]

The U.S. Commodity Futures Trading Commission expressed concern over false advertising in prediction markets and said it is investigating incentive programs tied to those markets.
https://coinness.com/en/news/1170229

[BTC falls below $83,000]

According to CoinNess market monitoring, BTC has fallen below $83,000. BTC is trading at $82,973.34 on the Binance USDT market.
https://coinness.com/en/news/1170230