Bitcoin faces an $8,000 trading trap as US midterms approach

Two hot inflation reports in two days resulted in Bitcoin falling below $80,000 on Oct. 15.  Related Asset Bitcoin #1 BTC · $81,996.40 24-hour change: up 0.97% Loading price history… 24H Up 0.97% 7D Down 0.72% 30D Up 8.03%  September CPI accelerated to 3.7% from 3.4%, and producer prices jumped 1.3% on the month, the largest rise since March 2022 and more than double the forecast in most surveys.  Can-Luca Köymen, investment strategist at Sygnum, said in a note that the banks base case is a range-bound move into the midterms.  Köymen says options price roughly $80,000 to $87,000 over the coming month, and on-chain cost-basis data draws much the same box. Support sits at $80,000 to $81,500, where the average US spot ETF buyer breaks even, and resistance sits near $88,000, the break-even for buyers from six to 12 months ago.  Below $80,000, the next floor is around $78,000, the average cost basis of active investors.  Glassnodes Oct. 14 report estimates the aggregate cost basis of Bitcoin held by US spot ETFs near $81,500, which describes the funds aggregate holdings, a measure separate from each shareholders personal entry price.  Related Company Glassnode On-chain analytics platform  It puts the six-to-12-month cohorts cost basis near $88,000 and the True

2 دن پہلےانڈسٹری

Judge rejects CFTC, Gemini bid to undo $5M settlement

A US federal judge has rejected a joint request by crypto exchange Gemini and the Commodity Futures Trading Commission (CFTC) to overturn a $5 million settlement, despite the regulators conclusion that it would not have pursued the case under current enforcement standards.  On Thursday, US District Judge Alvin Hellerstein ruled that changes in CFTC enforcement priorities and allegations of misconduct by its enforcement division did not justify overturning the January 2025 settlement.  On May 27, the CFTC and Gemini jointly asked the court to overturn the settlement after an internal agency review found alleged misconduct by the regulators enforcement division, including reliance on a questionable whistleblower, improper regulatory pressure and efforts to prevent the disclosure of evidence.  The ruling leaves intact a permanent injunction barring Gemini from making false or misleading statements to the CFTC. The settlement also prohibits Gemini from publicly denying its findings, although the regulator said in June that it would no longer enforce such restrictions.  Gemini has already paid the $5 million penalty, which the CFTC previously told Cointelegraph would not be refunded even if the settlement were overturned.  Judge cites Geminis decision to settle before trial  The case centered on how Gemini operated its Bitcoin auction. According to the January 2025

2 دن پہلےانڈسٹری

Bitcoin may seek 20-month trend line reclaim before new record highs: CryptoQuant

Bitcoin is attempting to break through an “inflection frontier” that has historically triggered runs to new macro highs.  Key points:Bitcoin (BTC) may continue to new all-time highs if it successfully breaks through its 20-month moving average at $87,165, CryptoQuant reported.The market cycle signals metric showed BTC/USD poised to reclaim this “inflection frontier,” which it lost in December 2025.CryptoQuants bull-bear market cycle indicator continued to show Bitcoin as being in a bull market.  Analysis: Bitcoin “reset” complete as key trend line reappears  Data from onchain analytics platform CryptoQuant reveals that BTC/USD has begun a fresh battle with its 20-month simple moving average (SMA).  The 20-month SMA, at $87,165 as of Oct. 16, is the trend line around which the popular Bollinger Bands metric is constructed. This in turn forms the basis for CryptoQuant‘s market cycle signals tool, which seeks to pinpoint Bitcoin’s position within its market cycle.  Bollinger Bands uses standard deviation to add an upper and lower band around the 20-month SMA. Currently, these sit at $121,640 and $52,694, respectively. CryptoQuants indicator describes the zone between the lower band and SMA as an “accumulation base,” while the SMA itself is referred to as an “inflection frontier,” a previous point of investor capitulation as price broke

2 دن پہلےانڈسٹری

XRP Is Outtrading Bitcoin and Ether on South Korea's Biggest Exchange

XRP topped Upbits spot volume in snapshots taken more than seven hours apart, beating bitcoin and ether in won trading even as its price drifted lower subsequently.  Key TakeawaysXRP led Upbit spot volume at $145.6 million on Oct. 15, ahead of BTC at $126.5 million.XRP still topped Upbit on Oct. 16 with $108.3 million traded, though its price sat near $1.34.South Koreas FIU blocked 27 offshore exchanges this week, steering more traders toward Upbit.  The Numbers  The first snapshot circulated yesterday evening (U.S. time) ranked Upbits top three spot pairs by 24-hour volume:XRP/KRW:$145.57 million, 11.74% of Upbits volumeBTC/KRW:$126.50 million, 10.20%ETH/KRW:$92.09 million, 7.43%  Bitcoin.com News checked the numbers again more than seven hours later and at 04:36 UTC earlier today, Upbit market data still had XRP in first place with $108.3 million in 24-hour volume, against $95.3 million for bitcoin and $62.7 million for ether.  No Premium, Just Volume  The usual giveaway of a Korean retail frenzy is the “kimchi premium,” where coins trade at a markup on local won exchanges compared with global venues. There isn‘t much of one here, as Upbit’s XRP price converted to about $1.34, while XRP changed hands near $1.336 on Binance, a gap of roughly 0.3%.  As a result, the development is

2 دن پہلےانڈسٹری

Google cuts quantum errors 40-fold: Is Bitcoin at risk?

Google has demonstrated a 40-fold reduction in quantum computing errors using its Willow processor, advancing a technology that researchers believe could eventually challenge the cryptography protecting Bitcoin.  Google announced the results on October 15, 2026, following the publication of its research in the scientific journal Science. The experiment used a technique called magic state cultivation to produce quantum states with 99.99% logical fidelity, or accuracy, under the researchers testing method.  The achievement addresses a technical problem that has limited efforts to build reliable quantum computers. Although Google‘s experiment did not break Bitcoin’s encryption, its findings concern technology that could eventually help future machines perform the calculations needed to attack existing cryptographic systems.  JUST IN: Google‘s Willow chip advances quantum computing, raising fresh questions about Bitcoin’s security  A new technique called “magic state cultivation” cuts quantum errors roughly 40x with 99.99% accuracy, but scaling it up remains a challenge before quantum computers could… pic.twitter.com/9gL46tAPJT  — crypto.news (@cryptodotnews) October 16, 2026  The research follows Googles March assessment that a sufficiently powerful quantum computer could break the type of elliptic curve cryptography used by Bitcoin with fewer than 500,000 physical qubits under specified hardware assumptions.  Google cuts quantum computing errors by 40 times  Googles latest experiment focused on reducing errors in

2 دن پہلےانڈسٹری

XRP Defies Support Crash With Sudden $184 Million Binance Inflow

Speculative traders in the derivatives market launched a large-scale counterattack to defend the XRP token from a prolonged decline after the release of tough macroeconomic data in the US.  According to the analyst DarkFrost from CryptoQuant, an abnormal capital inflow was recorded on Binance alone as key support levels broke: more than $184 million flowed into long contracts within a few hours. This allowed XRP to quickly recover from its drop below $1.30 and show a local rebound of 5%.  XRP Taker Buy Volume spikes on Binance as price dips below $1.30, Source: @darkfost_coc / CryptoQuant  The massive wave of selling began after XRP corrected by 22.5% from its September high of $1.65. Pressure on the cryptocurrency sector came from US consumer price (CPI) and producer price (PPI) indices that were “hotter” than expected, which triggered a drop in US stock indices.  However, some large players viewed XRPs drop below $1.30 as an extreme market asymmetry and opened positions against the current bearish trend.  All the money went to Binance (literally)  On-chain data confirms that the defensive wave of liquidity was isolated and bypassed other major exchanges, concentrating in one place:Abnormal volume on Binance: In the peak hour, the volume of market buy orders (Taker Buy

2 دن پہلےانڈسٹری

Will Death Cross Finalize on XRP?

XRP trades at $1.34, and the chart has reached a critical point. The 50-day average, shown in blue, sits near $1.39. The 200-day average, in black, is just beneath it at about $1.38. The gap between them is tiny. If the blue line slips below the black one, the death cross is complete.  XRP drops down  This signal has an ominous name, but it is slow. It reacts to price that has already fallen. XRP dropped from $1.66 in late September to $1.34 now, and that decline is what pulled the 50-day line down. The cross would therefore confirm a move that has already happened, not predict a new one. Still, many traders watch it, and headlines can add selling pressure.  XRP/USDT Chart by TradingView  Price is also sitting at the orange line near $1.34. This line has held XRP up since the August jump. Over the past few days, sellers pushed below it, but buyers brought price back. The wick down to about $1.28 shows that dip buyers are active. Todays small green candle is a first sign of defense, although it is not strong.  Are sellers on the edge?  The RSI is near 40, which means sellers have the edge, but the market is

2 دن پہلےانڈسٹری

Mastercard launches global fiat and stablecoin payments platform with BVNK

Mastercard has launched its Global Money Platform with BVNK, allowing banks, fintech companies and businesses to manage fiat currencies and stablecoins through a single application programming interface (API).  According to a joint announcement from the companies, the service combines Mastercard‘s international payment network with BVNK’s stablecoin technology, following the completion of their acquisition deal in August 2026.  Nuvei, Marqeta, Ontop, Beem and Almond FinTech are among the first companies preparing to integrate the service, which supports multicurrency accounts, currency conversion, payment cards and local bank transfers.  Businesses can access the platform through BVNK and choose individual services without having to adopt the entire product suite. Mastercard said customers would be able to add more functions as they become available.  The launch follows Mastercard‘s acquisition of BVNK on Aug. 3, a transaction valued at up to $1.8 billion. As crypto.news previously reported, the deal brought BVNK’s blockchain payment technology into Mastercards operations, covering settlements, payouts and treasury management.  Mastercard Global Money Platform connects stablecoins with bank payments  At the center of the new service is a multicurrency account that can hold traditional currencies and stablecoins within the same system.  Financial institutions and technology companies can integrate the accounts into their existing applications, allowing customers to receive funds, exchange

2 دن پہلےانڈسٹری

Native Bitcoin collateral on Aave triggers WBTC pool deficit

Aaves proposed native Bitcoin lending market would keep collateral in Bitcoin while borrowing wrapped Bitcoin (WBTC) to pay outside liquidators immediately. Suppliers financing those payouts would face any settlement shortfall without funded protection.  Related Asset Bitcoin #1 BTC · $82,126.72 24-hour change: up 1.16% Loading price history… 24H Up 1.16% 7D Down 0.51% 30D Up 8.98%  The design in Babylon Labs‘ Oct. 14 proposal separates fast liquidation from the slower redemption of Bitcoin collateral. Its open route draws WBTC from Aave’s shared liquidity pool, called a Hub, until a permissioned buyer takes over the vault.  A direct keeper route lets an authorized operator finance repayment and redeem the BTC itself.  Related Asset Wrapped Bitcoin WBTC · $66,036.62 24-hour change: up 0.98%  The Aave Request for Comment lists feedback, a conditional Snapshot vote, and an eventual on-chain proposal with full risk parameters as subsequent steps.  Who finances the wait  A borrower would lock BTC in an individual Taproot vault on Bitcoin, and Aave would recognize it through a restricted ERC-20 accounting token that cannot be traded between users. The WBTC used for liquidation settlement is a separate asset.  When a position becomes liquidatable, an outside liquidator would repay the borrower‘s debt asset through the integration’s adapter. The seized vault

2 دن پہلےانڈسٹری

Ripple News: Does the DriveWealth Deal Matter for XRP?

The latest Ripple news is a partnership with DriveWealth, which is integrating Ripples stablecoin infrastructure to support settlement in Europe, with plans to expand to the United States.  The announced structure lets clients fund and manage collateral accounts using stablecoins that convert to cash in near real time. The agreement does not require counterparties to purchase XRP. That makes the deal a potential institutional infrastructure milestone, not a clear new source of XRP demand.  This is not simply a stablecoin integration. It is a test of whether institutional use of Ripple‘s rails can translate into demand for the network’s native token, and the disclosed mechanics do not establish that link. The distinction between RLUSD adoption and XRP demand is central to assessing what the partnership means for the token.  DriveWealth‘s arrangement also illustrates why growth in a stablecoin’s use on XRPL does not automatically create meaningful XRP demand: RLUSD can serve as the settlement asset while the ledger processes it.  Global investing is evolving. The infrastructure behind it should too.  Were partnering with @DriveWealth across RLUSD settlement on the XRP Ledger, cross-border payments, custody and prime brokerage to modernize how money moves across global markets.  Together, were building a…  — Ripple (@Ripple) October 14, 2026  Join Coinspeaker‘s $1,000

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