The Digital Asset Market presented a significant recovery last week following the end-of-September end. Interest of the investor began to return, driven by a new appetite for safe properties due to the uncertainty caused by First to the US government Shutdown in six years.
Growing demand for safe properties can see Bitcoin (Btc) Follow the gold rally, which potentially leads to a new full time of $ 150,000 before the end of the year, according to Capriole Investments founder Charles Edwards. Bitcoin recovered above a $ 120,000 mark on Thursday for the first time since August 14 and continued to trade above $ 120,122 at the time of writing on Friday.
Everywhere, the wolf can provide financial deficiency of the central French bank Another catalyst in bitcoin.
Bitcoin $ 120,000 breakout will lead to “very fast moving” to $ 150,000: Charles Edwards
Bitcoin could move forward to a new all-time high of $ 150,000 before the end of 2025 as investors piled on safe properties next to gold, according to Capriole Investments founder Charles Edwards.
Bitcoin’s recovery above a $ 120,000 psychological score could lead to a “very fast” breakout at a $ 150,000 all-time high, Edwards told Cointelegraph in a token2049 interview in Singapore. “I wouldn’t be surprised if we climbed $ 150,000 in a relatively short time, as we had to break the range of $ 120,000. But maybe it would come, potential in the next few days.”
Bitcoin rose more than 6% last week, recovering above the $ 118,500 mark at the first time since August 15, data is displayed.
Edwards’ view is more conservative than other analysts, which projects the current cycle can push Bitcoin above $ 200,000.
André Dramotch, head of European research in Bitwise Management, told Cointelegraph that the Crypto integration with US 401 (K) Retirement Plans Can unlock $ 122 billion in new capital. Even a 1% allocation of retirement managers, he said, may be sufficient to lift Bitcoin above $ 200,000 before the end of the year.
Cathie Wood: Hyperliquid “Solana reminds me of the previous days”
The CEO of Ark Invest Cathie Wood compared Hyperliquid to the previous phase of Solana’s promise, calling it a “new kid in the block.”
“It’s crazy. It reminds me of Solana in the preceding days, and Solana has proven its value and you know, with the big boys,” Wood Says During a recent interview with the “Master Investor” Podcast.
Ark Invest is currently holding three major crypto assets in its public funds: Bitcoin, Ether (Eth) and Solana (Sol). The company’s exposure to Solana was through breera sports, which Wood clarified was tied to Solana’s treasury and supported by investors in the Middle East. He also noted the relationship of the project’s advisory by economist Art Laffer.
Wood did not confirm any position on hyperliquid but described the protocol as one to watch. His comments come as competition between Perpetual futures Dexs warmed up after Aster launched a token earlier this month and saw its trading volume and Open interest surge past Hyperliquid.
The Roman Storm is looking for a displacement of Tornado Cash Money Transmission Charge
Roman Storm, co-founder of Tornado Cash, asked a US Federal Judge to get him his sole belief for unlicensed money delivery and a hill of jurors for laundering money and penalty violations, focusing that prosecutors failed to prove that he had intended to help the evil actor misuse the Crypto mixer.
According to legal documents filed on September 30 in the US District Court for the Southern District of New York and reviewed by Cointelegraph, the Storm dispute argued prosecutors Tornado Cash. This, according to the defense, will dismiss the grounds for his conviction based on negligent inaction.
“The storm and bad actor are a claim that he knows that they are using a tornado of cash and failed to take enough steps to stop them. It’s a theory of neglect,” said the motion.
The defense further stated that “lacking proof evidence that Mr. Storm has acted with the intent to help evil actors,” the government attempted to address its burden by claiming that the defendant failed to prevent misuse. “It is a claim that is antithetic to the standard and is not supported by law,” said the motion.
A motion for Disclaimer The judge was asked to dispose of charges and the verdict because the evidence of persecution, though taken as true, was legal.
Tokenized stock stocks are not clear benefits for crypto: Dragonfly Exec
Tokenized equities will be a great benefit to the traditional markets, but may not be a Boon for the crypto industry predicted by others, says Rob Hadick, generally partner in the crypto venture firm Dragonfly.
“There is no doubt that it has a huge impact on Trade,” Hadick told cointelegraph at a conference 2049 in Singapore. “They want 24/7 trading, it’s better for their economy.”
However, he saw vague benefits for major crypto players in the real-world asset tokenization space, such as Ethereum.
The US Securities and Exchange Commission is reported developing A plan to allow blockchain versions of stocks to trade with crypto exchanges after many financial institutions pushed the regulator to allow the always open market.
Hadick said institutions “do not want to directly in these general chains,” giving Robinhood and stripe as examples of those who build their own blockchains.
“They don’t want to share the economy. They don’t want to share block space with Memecoins. They want to control things like privacy (and) who the validator has set, they want to control what is happening in their implementation environment.”
Centralized exchanges will be Defi Front Ends in 5-10 years: 1inch co-founder
Crypto centralized exchanges may disappear within the next decade as decentralized finance (DEFI) joints have replaced, according to 1inch co-founder Sergej Kunz.
In an interview with Cointelegraph at Token2049 in Singapore, Kunz predicts that the exchanges are slowly moving to the frontends for Decentralized exchange (Dexs). “I think it will take five to 10 years,” he said.
Kunz argued that while centralized exchanges were separate markets, 1inch and the combined -acting as a global liquidity hub. His comments came as 1inch announced a deal with the Major US Crypto Exchange Coinbase, which included its service to provide Dex trading to its users.
Kunz said investments in onchain systems through centralized exchanges show their understanding that technology that depends on “will not stay forever because you have decentralized exchange and digitalized finances.”
“They do not want to miss the train and stay behind, and they adopt our technology, because it is something that, from our point of view, will empower the entire financial industry,” he said.
Overall -Defi Market
According to the data from Cointelegraph Markets Pro And tradingview, most of the 100 largest cryptocurrencies by market capitalization ended the week in green.
The privacy-maintenance of zcash (ZEC) token increased by more than 157% as the largest week of the week at the top 100, followed by Dexe (Dexe) token up to 34% in the weekly chart.
Thanks for reading our summary of the most affecting defi development of this week. Join us next Friday for more stories, perspectives and education about the dynamic advancement of this space.
