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Solana (SOL) has climbed 10% in the past week, buoyed by bullish technical signals. Trading within an ascending parallel channel and supported by a positive Elder-Ray Index, SOL sits just below a key resistance level at $186.52, with the potential to push past $190 if buying momentum persists.
It is expected that the overall ecosystem will continue to mature, and ultimately, using proxies will become the mainstream way of financial participation.
Ethereum’s recent rally past the $4,000 mark has crushed short sellers and attracted renewed institutional interest, driving futures open interest higher. Holding strong support near $3,909, ETH could push toward $4,430 resistance and possibly retest its all-time high, provided buying momentum continues.
After a quiet week, crypto whales have seized the moment to build positions in key altcoins. Ethereum leads the pack with strong accumulation pushing it above $4,000. Meanwhile, meme coin PEPE and Mantle have also attracted large investor interest, signaling bullish prospects ahead.
- 03:47Sei Network to custody Hamilton Lane's tokenized credit fundJinse Finance reported that on October 15, Hamilton Lane, one of the world's largest private market investment management firms, officially launched on-chain. Through KAIO's on-chain infrastructure, the company introduced a tokenized version of its flagship product—the Senior Credit Opportunities Fund (SCOPE)—on Sei Network, providing qualified investors worldwide with access to the private credit market.
- 03:47Arkham: Recent transfer transactions suggest that the U.S. government may have seized an additional $2.4 billion worth of bitcoin from Chen ZhiAccording to ChainCatcher, on-chain analytics platform Arkham posted on X that bitcoin worth $2.4 billion from wallets associated with Chen Zhi has been transferred again. This follows the previously disclosed seizure of $14.1 billion worth of bitcoin, suggesting that the U.S. government may have additionally seized $2.4 billion worth of bitcoin belonging to Chen Zhi. Currently, these bitcoins are stored in wallet addresses that have not been approved or mentioned in any court documents. The related operations may be part of a seizure action that has not yet been officially announced.
- 03:42Head of European Stability Mechanism: Stablecoins Without Proper Collateral and Management Pose a Threat to Financial StabilityAccording to ChainCatcher, citing Bloomberg, a senior EU policymaker stated that stablecoins, if lacking proper collateral and management, will threaten financial stability. Pierre Gramegna, President of the European Stability Mechanism (ESM), said in Washington on Wednesday that if stablecoins become mainstream and cannot be guaranteed like central bank currencies, they will pose a risk to the global financial system. He emphasized that he is not opposed to stablecoins, but they must operate within a framework that ensures the safety of consumers and financial participants. In addition, although Martin Kocher, Governor of the Austrian Central Bank, believes that stablecoins will not be as popular in the eurozone as in other regions, Gramegna pointed out that the EU cannot afford to be marginalized in the cryptocurrency sector. Since 99% of stablecoins are denominated in US dollars, if Europe does not launch euro-denominated stablecoins, it will miss out on opportunities. He also believes that cash, digital currencies, and stablecoins can coexist.