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Don’t get carried away by Sunday’s green: ETH leads at 1.22%, BTC stuck just below 77,830

Sunday afternoon, and all four major coins are in the green. Is your FOMO button itching again?

Let me pour some cold water on that. BTC’s 24-hour trading volume is 3.48B—a standard weekend level of thin liquidity. You can judge for yourself how much substance there is behind this gain. The crypto influencers calling trades are already rehearsing their “new week, new highs” lines. Don’t rush to applaud.

But the data really is leaning bullish. I’m not going to pretend otherwise.

1. ETH leads with a 1.221% gain, while BTC is up just 0.858%. BNB at 0.469% and XRP at 0.522% are still just along for the ride. The leader moves first, the rest of the majors lag behind—that relative-strength setup is bullish.

2. BTC’s funding rate is 0.0001, a normal level. ETH’s is even more striking at 0.003463%; leverage is practically on the floor. The bulls aren’t overheated, which means the fuel for further gains hasn’t been spent in advance.

3. BTC is above the 77,445.3 pivot, with an intraday high of 77,868. It just poked above resistance at 77,830.6, then pulled back. There are sellers waiting up there. Holding above 77,830.6 would count as a real breakout; if it can’t hold, a retest of 77,137.3 would hand back all of today’s gains.

The ETH setup is clearer: 2,270.17 is the first hurdle, with the 24-hour high of 2,275 right overhead. If it retests 2,236.75 and holds, the structure remains intact; if it breaks below, the bulls will be the first to lose their nerve.

And XRP? It’s lying still at 1.2507, with resistance at 1.26 just around the corner—and it can’t even be bothered to reach for it. Supporting cast, don’t steal the scene.

Bias: bullish. Not blindly optimistic—the funding rates and relative strength both favor the bulls.

One last thing: a green weekend doesn’t guarantee a green Monday open. Sunday’s candlesticks are half conviction, half illusion. Once volume returns, it’ll be obvious who’s swimming naked.

$BTC Daily sell level: $77831 Daily buy level: $77137
$ETH Daily sell level: $2270.17 Daily buy level: $2236.75
$BNB Daily sell level: $710.43 Daily buy level: $698.33
$BTC #BTC $ETH #ETH

Up 0.166% overnight, bears collectively playing dead: the morning above 77600 belongs to the bulls

Overnight recap—straight to the data.

BTC is currently at 77655, up 0.166%, with a 24-hour high of 77753.3 and low of 77060. With a move this small, the comments section has already erupted into hundreds of posts: up a little and people shout “the bull run is back,” down a little and they call the top. This batch of holders has blood pressure swings more exciting than the candlesticks.

Let’s look closer. The overnight pullback didn’t even touch the daily buy level at 77137.3 before bouncing back. Price is holding firmly above the 77445.3 pivot, pressing right up against the daily sell level at 77830.6. A pullback that holds above the buy level, followed by a push testing the sell level—that setup favors the bulls. There’s not much to argue about.

The funding rate is 0.0001, textbook neutral. Nobody’s piling on leverage to chase the rally, and nobody’s panic-closing positions. The old rule is that leverage goes crazy first, then the market dies first. Leverage is calm right now, which is actually a good thing.

ETH looks even stronger: up 0.63% to close at 2261.8, with an overnight high of 2268 and a funding rate of 0.00000046—basically zero. Price is up, but leverage hasn’t joined the ride, which suggests spot buying is doing the heavy lifting. The daily sell level at 2270.17 is within arm’s reach. Hold above it, and that buy level at 2236.75 becomes just a memory.

By contrast, BNB is down 0.553%, acting drunk between the 698.33 buy level and the 710.43 sell level; XRP is down 0.333%, squatting on the 1.25 pivot and playing dead. Funds are clearly concentrating in BTC and ETH. Altcoin crowd, don’t rush to take it personally—your rotation hasn’t come around yet.

Direction: bullish bias. If BTC holds above the 77137.3 buy level, first watch the 77830.6 sell level; a break above the overnight high of 77753.3 would count as confirmation. If it falls back below the 77445.3 pivot, the bulls’ confidence takes a hit, and 77060 is the overnight last line of defense.

One last pointed reminder: the market is best at teaching people who don’t have a price-level plan. You’ve got the levels—write your own script.

$BTC Daily sell level: $77831 Daily buy level: $77137
$ETH Daily sell level: $2270.17 Daily buy level: $2236.75
$BNB Daily sell level: $710.43 Daily buy level: $698.33
$BTC #BTC $ETH #ETH

ETH shrugs off negative funding as prices rise; tonight BTC faces the 78,636 hurdle

Full-day recap: BTC swung between 76,270.0 and 78,081.3 all day. It’s now at 77,576.2, up 0.301%, with a trading volume of 9.93B. What do you call this kind of market? The big players are out celebrating Halloween, while retail traders scare themselves.

ETH was the highlight. It gained 0.532%, yet its funding rate is still sitting at -0.005216%. Translation: prices are rising, but shorts are still lining up to pay tuition. The market is teaching investors a lesson: fees are charged every 8 hours, no exceptions.

BTC itself looks relatively calm: funding rate at 0.0001, right around the standard level. Leverage isn’t overheated, and nobody’s FOMOing. Real tops happen when the market is buzzing with excitement—not in a Halloween ghost town like this.

BNB is the quietest of the bunch: up 0.774%, hovering around 705.43, with a trading volume of just 0.43B. Nobody seems to care about it, yet it leads the majors in gains. The ones that make the least noise are often the ones that keep moving.

XRP is at 1.2494, sitting right on the 1.24 pivot. It hasn’t picked a direction yet, so don’t take sides for it just yet.

Here’s the overnight scenario, and I’ll only say it once. If BTC holds the daily pivot at 77,453.03, the structure leans bullish: first, the day’s high at 78,081.3; a breakout would take it straight to challenge the daily sell level at 78,636.07. On the other hand, if 76,270.0 gives way, 76,129.57 is the last daily buy level below. Lose that, and the entire bullish scenario is invalidated.

ETH could be even more interesting overnight: currently at 2,247.02, with the day’s high of 2,261.48 as the first level to watch overhead. A breakout would put the daily sell level at 2,279.1 in play. Funding is still negative, so shorts keep paying every 8 hours; with every step higher in price, they pay more. That’s the fuel for the move up. Below, 2,206.36 is today’s low, and 2,190.47 is the daily buy level beyond that. If price falls below it, the story of negative funding flips on its head.

The direction in two words: bullish bias. Price is above the pivot, funding isn’t overheated, and ETH shorts are still paying to hold their positions. But a bullish bias doesn’t mean throwing caution to the wind: 76,129.57 is the line that makes or breaks this thesis. If it breaks, admit the mistake—don’t stubbornly fight the market.

On Halloween night, let the shorts tell their ghost stories.

$BTC Daily sell level: $78636 Daily buy level: $76130
$ETH Daily sell level: $2279.1 Daily buy level: $2190.47
$BNB Daily sell level: $723.68 Daily buy level: $683.04
$BTC #BTC $ETH #ETH

Halloween trick-or-treat: no candy, just scares—BTC retests 76129 as retail investors hand out their coins like candy

The market is as green as Halloween zombie makeup 🎃. BTC is currently at 77154.9, down 1.412% over 24 hours, with a trading volume of $12.92 billion. Note: that’s not panic-level volume; it just shows reluctance. A real capitulation wouldn’t look like this.

Keep an eye on two numbers: the 24-hour low of 76270 and the daily-chart buy level at 76129. They’re less than 150 points apart. The bears hammered away all day and still couldn’t break through. That’s a successful defense, not the prelude to a crash. Before yelling “collapse,” take a look at how 76270 held.

ETH is even more interesting. Its funding rate is negative at -0.00013514. The price? Down just 0.216%. In other words: leveraged shorts are piling in, while spot traders can’t be bothered to sell. When negative funding rates coincide with a price that refuses to fall, the shorts are often working for the longs. When they start liquidating each other, it’ll be quite a spectacle.

On the sidelines: BNB is down 2.17%, already dressed up for Halloween without a costume; XRP is down 0.758%, so quiet it’s like it never showed up to the party.

Here’s the direction: the data leans bullish, but there are conditions—don’t take this out of context:

1. 76129 is today’s make-or-break level. If it holds, this retest of 76270 will have marked the bottom.
2. The bulls need to reclaim the daily pivot at 77453 before they can say they’re officially back. If they can’t, we’re still in the Halloween parade.
3. The first target above is 78636, where yesterday’s rally ran out of steam after reaching 78776.5. Only once we get there can we say the scares have turned into candy.

On the other hand, if 76129 is lost, I’ll be the first to admit I was wrong. The script changes immediately, and there’ll be no handrail for the next stretch down. But for now? It hasn’t broken, so it hasn’t broken.

Everyone’s shouting that it’s all over. We’ve heard so many Halloween ghost stories, but not a single real ghost has shown up. When retail investors start handing out their coins like candy, that’s usually when smart money bends down to pick it up.

Remember: as long as 76129 holds, don’t scare yourself. If it breaks, come back and hear me change my tune.

$BTC Daily-chart sell level: $78636 Daily-chart buy level: $76130
$ETH Daily-chart sell level: $2279.1 Daily-chart buy level: $2190.47
$BNB Daily-chart sell level: $723.68 Daily-chart buy level: $683.04
$BTC #BTC $ETH #ETH

🎃 Halloween’s biggest ghost story: ETH up 1.6%, and shorts are still paying to show up for work

The overnight market didn’t give the ghosts a break. BTC is at 77541, up 0.717%, holding firmly above the daily pivot at 77453. XRP +3.337%, BNB +2.236%, ETH +1.619%—altcoins are collectively outperforming BTC, and risk appetite is visibly back.

The most interesting one is ETH. The price is 2248, but the funding rate is -0.00011659. Translation: the price is rising, and shorts are still paying out of pocket to stay on the job. That’s paying to work. Once this crowd can’t take it anymore and closes their positions, the daily sell point at 2279.1 may not be enough to stop the move higher.

BTC itself is staying calm. The funding rate is 0.0001, right around baseline, which means this rally isn’t being propped up by leverage—the structure is actually healthy. The 24-hour range is 76270 to 78776, with clear boundaries. For now, price is sharpening its knives just above the pivot.

Direction: bulls have the edge, but trust price levels, not beliefs. If BTC holds 77453, the first target is the daily sell point at 78636. If that early-morning dip breaks through the daily buy point at 76129, the bullish narrative turns into a ghost story in a heartbeat—don’t pretend it’s a matter of faith.

Don’t get carried away with XRP. Sure, it’s leading the pack with +3.337%, but the daily sell point is right at 1.29, and you can see the limited upside at a glance. The ones that rise the most enthusiastically are often the best at trapping people.

BNB +2.236%, steady. But trading volume is 0.77, compared with BTC’s 16.08—orders of magnitude apart. Just treat it as background music.

Halloween takeaway: No candy during the day, and you get tricked at night. Today, the bulls have the candy.

$BTC Daily sell point: $78636 Daily buy point: $76130
$ETH Daily sell point: $2279.1 Daily buy point: $2190.47
$BNB Daily sell point: $723.68 Daily buy point: $683.04
$BTC #BTC $ETH #ETH

Down 3.49% and still paying a positive funding rate—BTC bulls are paying the bears’ wages

A pre-close recap for those still awake.

BTC slid steadily all day from 81953 to a low of 76444. It’s now at 77338, down 3.485%, with $25.98 billion in trading volume. A selloff on rising volume isn’t a shakeout; it’s coins changing hands.

The most ironic part: even after a drop like this, BTC’s funding rate is still positive at +0.009455%. In other words, bulls trapped at the top are still paying by the hour to keep the faith. The old saying “the downtrend won’t end until the bulls are wiped out” has proved half right again today.

The details are even more interesting. The daily-chart buy level at 76569 was pierced once during the day. The low was 76444, just $125 below, before price was pulled back above 76569. A false breakdown or a pause before another leg down? The overnight session will tell: if 76569 holds, the first rebound target is the daily pivot at 79261; if it fails, 76444 isn’t the bottom—it’s just a gas station.

ETH’s drop was even harsher: down 3.834%, with a single bearish candle taking it from 2378 to 2172. But there’s an unusual signal: ETH’s funding rate has already turned negative at -0.002821%, meaning bears are starting to pay for the privilege of being short. Chasing the drop from here offers even worse risk-reward than chasing the rally this morning. Watch 2195 as ETH’s key level; until it recovers 2287, any rebound is just a chance to catch its breath after falling.

BNB fell 5.456%, the biggest drop of the bunch, clinging to the 700 level. XRP fell 3.493%, with 1.2 as its last shred of cover.

Overnight outlook in one sentence: bearish, but don’t reach in below 76569. Wait for a rebound toward 79261 to meet resistance, then reassess the chance of a second test of the lows. That’s a lot more dignified than catching a falling knife right now. Those who are always trying to catch the very lowest wick usually get pricked first.

$BTC Daily sell level: $80655 Daily buy level: $76569
$ETH Daily sell level: $2343.95 Daily buy level: $2195.46
$BNB Daily sell level: $746.9 Daily buy level: $663.39
$BTC #BTC $ETH #ETH

Everything’s flashing red and they’re still shouting “the bull market is back”? 76569 is the bulls’ last shred of dignity

Midday market brief: Today’s biggest hot spot is your portfolio page.

BTC 78239, down 2.47%. It slid steadily from its intraday high of 81953, with 24-hour trading volume of $24.1 billion. At this scale, this isn’t a shakeout—it’s a massive transfer of holdings, with some people handing over their bloodied bags in tears.

ETH is down 3.35% at 2243, gasping just above support at 2195. BNB is the hardest hit, leading major coins lower with a 5.02% drop. At 717, it can barely hold the 712 pivot; sellers are showing no mercy. XRP is down 3.3%, with the 1.2 level on the verge of breaking. Not a single coin is holding up. What do you call this? A systemic pullback—not a problem with any one project.

But there’s one detail worth noting: funding rates. BTC is at just 0.00147%, ETH at 0.00179%, and XRP at 0.00499%—all scraping the floor. Translation: leveraged longs have been flushed out. Nobody dares to go against the trend, and fear is spreading. But fear itself is often the fuel for a market move.

Let’s not pretend otherwise: bearish signals are clear. Until the intraday pivot at 79261 is reclaimed, every bounce is an opportunity to take profit. Don’t mistake a brief escape rally for a reversal. The first line of defense below is 76569; if that breaks, watch the 24-hour low at 76444—the last iron floor. If that gives way too, there’s nothing but empty space below.

Here’s the contrarian take: When funding rates are scraping the floor, the market is broadly down, and volume is surging, history suggests that if 76569 holds, the first short-term recovery target is 79261. If it doesn’t hold? Then wait it out. Cash isn’t a position—it’s your dignity.

The influencers who were shouting “the bull market is back—coming soon!” yesterday have all switched to calling this a “healthy correction” today. Full marks for spin, zero for levels. Here are the levels: 79261, 76569, 76444. It’s all in black and white—if I’m wrong, come back and prove me wrong.

The market is teaching investors a lesson, and tuition is never discounted.

$BTC Daily sell point: $80655 Daily buy point: $76569
$ETH Daily sell point: $2343.95 Daily buy point: $2195.46
$BNB Daily sell point: $746.9 Daily buy point: $663.39
$BTC #BTC $ETH #ETH

BTC broke below the daily buy level at 80509. Still expecting a V-shaped recovery in the overnight session?

A full-day recap in one sentence: the rebound is bait, and the lower wick is a trap.

BTC touched a high of 81759 during the day, never even reaching the daily sell level at 81954, then turned straight down, plunging to a low of 79666.9. It’s now at 80130, down 1.445%. The daily buy level at 80509 is now underfoot—this isn’t a pullback; it’s a breakdown.

What stings even more is the funding rate: BTC is still at a positive 0.0089%. After a drop like this, the bulls are still paying to hold their positions, betting on an overnight rebound. Exchanges love that kind of conviction; they can never get enough funding-fee revenue.

Don’t even get me started on ETH. It surged to 2391.49, bottomed at 2292.2, and is now at 2324.75, down 1.515%. The daily buy level at 2322.6 is right underfoot, as thin as paper. If it breaks below 2292.2 tonight, there’s open space below.

BNB is the worst hit, down 2.709%, plunging from 761.99 all the way to 738.7. Once it broke through the daily buy level at 747.39, it never recovered. XRP is down 2.492%, and it couldn’t hold the 1.31 buy level either. All four coins are in the red—no one’s in a position to laugh at anyone else.

What about volume? BTC traded 11.42B, and ETH traded 8.22B—both fell on rising volume. This isn’t a shakeout; it’s a transfer of coins from one set of hands to another. For every coin a whale dumps, someone else is eager to scoop it up like treasure.

The overnight playbook is ready:
For BTC to recover, it first needs to reclaim 80509, then we can look at the 81154 pivot. If it can’t get back above that level, 79666.9 is just a paper-thin barrier. Don’t ask me where support is once it breaks.
Same goes for ETH: unless it reclaims 2357.04, 2292.2 is the next level to test. If it can’t hold 2322.6, don’t get your hopes up.

Direction: clear bearish signals. It’s not that a rebound won’t come—it’s that you shouldn’t take it seriously when it does. The odds of an intraday bounce toward 81154 getting slapped back down are far higher than the odds of your position breaking even.

The people calling it a “golden buying opportunity” during the day will probably switch to calling it a “technical correction” tonight. New words, same old positions.

That’s all. Keep an eye on 79666.9 overnight. If it breaks, turn off the lights and go to sleep—don’t stay up babysitting your position.

$BTC Daily sell level: $81954 Daily buy level: $80509
$ETH Daily sell level: $2393 Daily buy level: $2322.6
$BNB Daily sell level: $767.85 Daily buy level: $747.39
$BTC #BTC $ETH #ETH

Russia Plans to Make Risk Tests a شرط for Crypto Investing

The Central Bank of Russia has proposed a regulatory framework for the cryptocurrency market that would allow retail and professional investors to legally trade crypto assets, subject to strict risk controls. The proposal has been submitted to the government for review, with the goal of completing the necessary legislative amendments and establishing a basic legal framework by July 1, 2026. It is important to note that this is still a regulatory proposal and does not mean the framework has been formally implemented.

One key feature of the proposal is linking investor categories to risk tests. Retail investors would be allowed to invest only in highly liquid mainstream cryptocurrencies specified by law, and would first have to pass a risk test. Their annual investment limit through a single intermediary would be 300,000 rubles. Professional investors would also need to pass a risk-awareness test, but would be able to invest in a wider range of cryptocurrencies, excluding privacy coins, with no investment limit. Digital currencies and stablecoins are proposed to be classified as “monetary assets” that may be traded and invested in lawfully, but not used as a means of payment within Russia.

This approach reflects a regulatory strategy that is neither a simple opening-up nor an outright ban. Instead, it establishes tiered entry requirements based on the range of products, investor qualifications, investment limits, and intermediary responsibilities. The purpose of the test is to confirm that participants have a basic understanding of volatility, potential losses, and related risks; the investment limit, meanwhile, is intended to keep ordinary investors’ risk exposure within predefined bounds. The central bank has also explicitly warned that crypto assets are not issued or backed by any jurisdiction, and that price volatility and sanctions risks remain significant. Establishing a regulatory framework does not amount to providing investment protection.

For the crypto market, if the relevant legislation moves forward, the initial impact would be on compliance infrastructure. Exchanges, brokerages, and trust companies that already hold financial licenses may be permitted to provide related services, while custodians and exchange providers could face more independent requirements for security, asset segregation, and compliance. In addition, as trading shifts from informal channels to regulated intermediaries, tax reporting, customer identification, and transaction recordkeeping may become more important. Residents who buy crypto through overseas accounts or transfer crypto assets abroad through local intermediaries would also be subject to reporting requirements.

The editor’s view is that the significance of a standardized risk test lies not in predicting whether crypto assets will rise or fall, but in setting a verifiable entry process for retail participation. What matters next is not the proposal’s title, but how highly liquid assets are specifically defined, what standards the tests will use, how investment limits will be enforced, and whether the legislative timeline stays on track. From July 1, 2027, institutions that conduct exchange, custody, or intermediary business without authorization are proposed to face legal liability. This also means that compliance boundaries will be a factor market participants need to assess on an ongoing basis.

#俄罗斯拟推加密投资者统一测试 #BTC #ETH #BNB

BTC lost the 80509 daily buy point at midday, and the bulls are still paying to wait in line

Here are the midday figures: BTC is currently at 80220.8, down 0.92%, with a 24-hour low of 79666.9. Price is now below the daily buy point at 80509.47. A textbook breakdown—too bad nobody read the book.

Even more ironic is the funding rate: BTC’s is 0.0009%, positive. Price is below the pivot, yet traders holding positions are still paying to keep them open. That’s not conviction; it’s paying rent to the exchange.

ETH is in even worse shape at 2320.65, down 1.46%, and has also slipped below its daily buy point at 2322.6. Its 24-hour high of 2391.49 now looks like a photo from another era. Want to talk about a reversal? First reclaim the pivot at 2357.04. You can’t skip a single step.

The most impressive piece of performance art in the market is XRP: down 2.42%, the biggest loser, yet its funding rate of 9.468e-05 is the highest of the bunch. Taking a beating while paying for the privilege—bulls’ volunteer spirit is truly touching. The daily buy point at 1.31 is gone; the only reference left is the 24-hour low at 1.286.

The only one in the green is BNB, at 755.38, up 1.14%, sitting right on the pivot at 755.09, with a sell point overhead at 767.85. The broader market is bleeding and it’s up a point. That’s not strength—the stage is just small. Don’t rush to write a long post about it.

Direction: bearish. If BTC’s rebound can’t reclaim 80509.47, the weak trend isn’t over; the next level to watch below is 79666.9. Only if it can get back above 81154.73 is it worth talking about a reversal to strength. Midday trading volume: BTC 11.15B, ETH 7.87B. Volume hasn’t shrunk, which means it’s not that nobody’s trading—it’s that people with long positions are taking turns getting out.

The worst thing to do right now is ask “Can I still hold?” at the breakdown level. The most important thing is to watch closely and see whether 80509.47 can be reclaimed. The market never answers questions; it just collects tuition.

$BTC Daily sell point: $81954 Daily buy point: $80509
$ETH Daily sell point: $2393 Daily buy point: $2322.6
$BNB Daily sell point: $767.85 Daily buy point: $747.39
$BTC #BTC $ETH #ETH

Up 0.47% and already calling it a reversal? Hold above 81154 first, then talk

Overnight, BTC rose 0.47% to 80977, with 24-hour trading volume at $9.18 billion. The gain wasn’t much, but the noise sure was—those calling for a crash last night collectively changed their tune this morning to “trend reversal,” flipping faster than a candlestick.

Let’s pour some cold water on that. The price is 80977, still below the daily pivot point at 81154. It hasn’t even reclaimed the pivot—so what reversal are we talking about? Overnight, it briefly touched 81800, just one step away from the R1 sell level at 81954, then pulled back. The selling pressure overhead has made its position more than clear.

ETH is following the same script: up 0.28% to 2348, with an overnight high of 2391. The R1 sell level at 2393 is blocking the way overhead, while the S1 buy level at 2322 is waiting below. The two are moving in tandem, so neither should laugh at the other.

The funding picture is clear-headed, at least: BTC’s funding rate is 0.0046%. Longs aren’t getting carried away, and leverage isn’t overheated. At this rate, there’s no bubble to pop on the way up, and not enough fuel for a cascade on the way down—a classic patience game.

Altcoins are more honest: BNB leads the pack, up 1.67%, while XRP is down 0.6%, feeling emo all by itself. Capital hasn’t left; it’s just changing seats.

Today’s script is simple: only a sustained hold above 81154 puts 81800–81954 within reach. Hold the 80509 buy level; the overnight low of 80355 is the line in the sand. If 80355 breaks, the bullish view is invalidated on the spot, and I’ll be the first to admit I was wrong.

Every day above 80000 costs the bears time. I’ve given you the direction and the levels; the rest is up to you.

$BTC Daily sell level: $81954 Daily buy level: $80509
$ETH Daily sell level: $2393 Daily buy level: $2322.6
$BNB Daily sell level: $767.85 Daily buy level: $747.39
$BTC #BTC $ETH #ETH

Thailand’s Supreme Court Criminal Ruling Confirms Bitcoin’s Status as Property

Southeast Asia’s judicial systems are gradually responding to new issues raised by crypto assets. On October 28, multiple media outlets reported that Thailand’s Supreme Court had ruled in criminal case No. 4929/2569 that Bitcoin constitutes property in the legal sense, drawing attention from the industry. The case was brought by the Samui Island Prosecutor’s Office. It began when a victim converted $50,000 (approximately 1.878 million baht) into Bitcoin and transferred it to a criminal group. The central issue was whether Bitcoin, which exists in electronic form, could be the object of an offense involving the infringement of “property” under criminal law. After hearing the case, the full bench of the Supreme Court held that Bitcoin has market value, can be bought and sold, can be exchanged for cash when there is a buyer, and can be possessed and controlled by the public. Therefore, the Bitcoin transferred by the victim was not “intangible and valueless data,” but property that could be the object of a property crime. Its value was not extinguished by its conversion from cash into Bitcoin. The ruling’s legal reasoning follows a clear chain: first, it establishes that Bitcoin has value, is transferable, and can be controlled; it then places Bitcoin within the category of property and ultimately finds that the elements of a property crime are satisfied. At the same time, the ruling clarifies a key distinction: the Bank of Thailand’s position that cryptocurrency is not legal tender for the discharge of debts is a separate issue from whether Bitcoin constitutes property. In other words, the court confirmed that Bitcoin can be property protected by law and subject to criminal infringement, but did not grant it legal tender status comparable to the Thai baht. Reports say the ruling cited Section 137 of Thailand’s Civil and Commercial Code, as well as Section 309, paragraph two; Section 340, paragraph one; and Section 340/3 of the Criminal Code. The ruling’s potential impact on the crypto market can be seen on three levels. First, recognizing crypto assets as property provides a clear legal basis for their judicial protection, making it more legally straightforward for victims to recover stolen assets and for law enforcement agencies to seize Bitcoin connected to crimes. Second, distinguishing property from legal tender leaves room for future regulatory frameworks: it recognizes the status of these assets without creating a conflict with the existing monetary system. Third, alongside earlier moves by Thai regulators to advance rules for crypto ETFs, this suggests that acceptance of digital assets in Thailand is progressing simultaneously through regulatory and judicial channels. Facts should be distinguished from speculation: the case details and key points of the ruling described above are verifiable facts; whether the ruling will significantly change participation in Thailand’s market or the pace at which regulated institutions establish operations remains speculative, pending validation through subsequent enforcement and supporting policies. What is clear is that, as major jurisdictions around the world increasingly recognize crypto assets as property, this Thai ruling offers another point of reference. Its long-term institutional significance outweighs its short-term impact on market sentiment.

#泰国最高法院裁定比特币属财产 #BTC #ETH #BNB

Tapped 81800 and pulled back—was BTC’s rebound for real or just an act?

Did you follow today’s drama? Early in the morning, BTC was still trembling around 79810. By afternoon, it had climbed all the way to 81800, only to retreat to 81298 near the close. Up +1.775% on the day, with plenty of back-and-forth between the low and high. Both bulls and bears think they won; the settlement page will tell the real story.

Let’s not get ahead of ourselves: BTC tested 81800 once and then fell back. The daily sell level at 81603 was briefly reclaimed, then lost again, showing that overhead selling pressure is no joke. But funding is only 0.0075%, and leverage hasn’t heated up yet. In fact, this kind of rally is healthier—the bulls aren’t getting carried away, so the market hasn’t reached the point where people are lining up to get burned.

ETH didn’t disappoint, gaining +1.96% to climb above 2360, just one step away from its daily sell level at 2376.69. Its 5.99B in trading volume is enough to support the move. BNB was even stronger, up +2.78% and pushing straight past its 755.4 sell level, closing at 761.42—the toughest player on the field.

There are only two possible scripts for tonight’s session:
① Hold above 81603, then challenge the previous high of 81800. A breakout would open up new territory—that’s the scenario the bulls are dreaming of.
② Slip back below 80535, and today’s rally will have been another bull trap. 79801 is the line in the sand. The intraday low of 79810 came within a whisker of it without breaking through—a detail worth remembering.

My personal bias: the data leans bullish. The reason is simple: the pullback held above 80535, and the low of 79810 came close to 79801 without breaking it. That suggests there’s real money buying below, not just the empty hype of leveraged traders. If tonight’s session pulls back toward 80535 and finds support, that’s a much more comfortable entry than chasing above 81603.

Those chasing highs are carrying the bags for earlier profit-takers. Those waiting for a pullback have the bargaining power. Don’t be the one left holding the bag at 81800.

$BTC Daily sell level: $81603 Daily buy level: $79801
$ETH Daily sell level: $2376.69 Daily buy level: $2309.09
$BNB Daily sell level: $755.4 Daily buy level: $734.81
$BTC #BTC $ETH #ETH

U.S. sells FTX-linked Anthropic shares for $627 million

Anthropic’s S-1 filing disclosed a historic share sale related to the FTX bankruptcy: the U.S. government sold a batch of Anthropic shares forfeited through legal proceedings for $627 million. The proceeds have entered the FTX bankruptcy estate to fund subsequent creditor repayments. The transaction brought together an early AI investment, the liquidation of a crypto platform, and U.S. asset-forfeiture proceedings in a single event.

The disclosure shows that the shares involved were approximately 4.4539 million Series B shares, originally held by Caroline Ellison and Nishad Singh, who were connected to the FTX ecosystem. The two invested in Anthropic at an early stage in 2022. After FTX collapsed, a court ruled that the shares were forfeitable assets, and the U.S. government subsequently took control of them. The government sold the shares to Anthropic for $140.9676 per share, and Anthropic then resold them at the same price to nine buyers whose identities were not disclosed.

The key point of the transaction is not an ordinary equity exit, but how forfeited assets can be returned to those harmed. Reports indicate that the Department of Justice transferred approximately $638 million to relevant accounts in late 2025. The amount differs slightly from the sale proceeds, possibly due to settlement, account transfers, or other steps. What is clear is that the proceeds were included in the FTX bankruptcy estate and will support creditor repayments. For creditors who have been affected by the FTX debacle for years, asset recovery and liquidation provide a tangible addition to the repayment process.

From a market perspective, the value of FTX’s remaining assets depends not only on cryptocurrency prices but may also stem from its early stakes in private technology companies. Anthropic plans to list on Nasdaq under the ticker ANT. If the listing moves forward, changes in the public market’s valuation of AI companies will affect the book value of the shares held by the buyers. However, this does not mean FTX creditors will directly benefit from any subsequent gains, since the original shares have already been sold at an agreed price.

Editorial note: This case highlights two dimensions of bankruptcy liquidation for the market: whether recoverable assets can be effectively identified and promptly monetized, and how the timing of their sale affects creditors’ ultimate recoveries. For the crypto industry, the event itself does not change the supply and demand of major tokens, but it once again underscores the importance of platform governance, transparency in related-party transactions, and the segregation of customer assets. Any discussion of Anthropic’s IPO valuation or the buyers’ subsequent returns remains dependent on future market pricing and should not be treated as fact.

#U.S.GovernmentSellsFTX-LinkedAnthropicSharesFor$627Million #BTC #ETH #BNB

BTC wicked down to 79468 and recovered. Somehow, nobody used leverage on this rebound

A bit of tough love at noon.

All four major coins are in the green: BTC +1.59%, ETH +1.84%, XRP +2.39%, and even the usually slow-to-move BNB is up +1.26%. Is the group chat already shouting “the bull is back”? Take a look at the chart before you celebrate.

The real story isn’t the gains—it’s the funding rates. BTC: 0.0055%, ETH: 0.0096%, XRP: 0.01%. In plain English: hardly anyone used leverage on this rebound. Spot buying has been doing the work, step by step. With leverage not piling up, there aren’t any cascading liquidation bombs waiting overhead. But on the flip side, momentum-chasing money hasn’t entered yet. We’ll need 81603 to test how strong these bulls really are.

Now look at last night’s action: BTC wicked down to 79468, slicing straight through the daily buy level at 79801. And then? It recovered, climbed back above the 80535 pivot, and is now at 80965. A false breakdown followed by a recovery is more solid than one big green candle—the weak hands already handed over their coins last night.

ETH was even more decisive: it bottomed at 2296, making the 2309 buy level look irrelevant. It’s now at 2354, right up against the 2376 sell level. The willingness to follow through is there.

XRP is where we need a reality check. It’s the biggest gainer, up +2.39%, but 24-hour volume is only 500 million U, compared with BTC’s 8.51 billion. A thinner market moves up fast—and pulls back even faster. The 1.35 sell level is right in front of you. Before jumping in now, ask yourself whether you might be someone else’s exit liquidity.

Bias: bullish. Three reasons: spot-driven buying, moderate funding rates, and a recovered false breakdown. But bullish doesn’t mean keeping your eyes closed. 81603 is today’s hurdle: hold above it, and the trend gets a boost; if we slip back below 80535 this afternoon, forget I said anything—we’ll see you near 79801.

Your position is yours. Please use your own head, too.

$BTC Daily sell level: $81603 Daily buy level: $79801
$ETH Daily sell level: $2376.69 Daily buy level: $2309.09
$BNB Daily sell level: $755.4 Daily buy level: $734.81
$BTC #BTC $ETH #ETH

Microsoft earnings show AI investment entering the return-validation phase

Microsoft’s quarterly results, announced on July 29, provide a concrete example for investors assessing whether AI investment can translate into revenue. According to the reported figures, Microsoft generated $90 billion in revenue in the April–June quarter, up 18% year over year. Revenue from its cloud business reached $59.3 billion, up 27%, while Azure revenue grew 43%. Amid continued expansion of investment in AI infrastructure, these cloud figures have become an important measure of the efficiency of its commercialization.

The key issue is not simply revenue growth, but whether revenue and investment can form a verifiable feedback loop. Microsoft’s capital expenditures reached $41 billion this quarter, indicating that data centers, computing capacity, and related infrastructure are still expanding rapidly. The market is not inherently opposed to high capital spending. Its real concern is whether genuine demand will absorb the additional capacity, and whether future revenue growth can cover depreciation, operating costs, and pressure on cash flow.

Microsoft’s strategy is relatively clear: enterprise customers buy cloud services, Azure handles training and inference workloads, and products such as Copilot are then integrated into office, development, and collaboration software. Publicly available information shows that Azure revenue surpassed $100 billion in Microsoft’s 2026 fiscal year, while paid Microsoft 365 Copilot seats exceeded 30 million. These metrics do not mean that AI investment is risk-free, but they show that productization and paid adoption have measurable indicators, rather than existing only as a technology narrative.

Across the sector, the market is drawing sharper distinctions between the quality of different companies’ AI spending. When AI investment corresponds to growth in cloud businesses, enterprise software subscriptions, or identifiable customer demand, capital spending is more readily seen as an upfront cost of expansion. When returns are difficult to isolate and cash-flow pressure arrives first, valuations may become more sensitive to spending guidance. Therefore, future assessments should not focus solely on quarterly revenue, but also consider cloud growth, paid-product adoption, the pace of capital spending, and free cash flow.

For crypto markets, these earnings reports will not directly change the supply and demand for on-chain assets, but they may affect related narratives through shifts in risk appetite. If demand for AI infrastructure is validated, interest may increase in sectors such as computing power, data centers, decentralized computing, and AI applications. Conversely, if massive investment fails to translate into revenue, valuations across growth assets may face lower tolerance. Any impact here would be transmitted through cross-market sentiment and capital preferences, not a deterministic price relationship.

The editorial view is that the AI theme is shifting from “whether to invest” to “how to recoup the investment.” The significance of Microsoft’s latest results lies in the evidence they provide of cloud growth and the expansion of paid products. However, whether AI revenue can sustainably outpace infrastructure costs will need to be tested over several more quarters. For readers following narratives at the intersection of crypto and technology, the focus should perhaps be on whether commercialization metrics continue to improve, rather than treating a single earnings report as a definitive verdict on the sector.

#微软财报能否兑现ai红利 #BTC #ETH #BNB

Up just 0.5% overnight, and the bulls have spent all their enthusiasm talking?

BTC is at 80,624, up 0.5% in 24 hours. With a move this small, people on the feed are already setting off fireworks? Sit down and look at the data first.

Overnight, the high was 81,270 and the low was 79,468. Price just went in circles inside that range all night. The daily pivot point (PP) is 80,535, and this morning’s open landed right on it—neither up nor down, just like someone stuck in a heavily leveraged position who refuses to admit it.

The funding rate is 0.0047%—positive, but so low it’s almost negligible. Translation: leveraged traders are quiet; nobody dares to bet big. And people are still calling this a major trend? There are more people selling dreams than buying them.

ETH is at 2,341, up 0.63%, with a funding rate of 0.0082%—keeping pace with BTC. Both major coins are edging up in sync, with low funding rates across the board. That’s not gearing up; it’s a collective playing dead. The only bright spot overnight was XRP, leading the pack with a 1.38% gain. It’s now at 1.326, with the daily sell point at 1.35 right overhead. BNB was the laggard, down 0.34%, with its daily buy point at 734 now right in front of it.

Direction: cautiously bullish—but only halfway.

The reasoning is solid: BTC opened above the 80,535 pivot point, and the overnight low of 79,468 wasn’t retested. The bulls may be timid, but they held their ground. The first resistance today is the daily sell point at 81,603. Only a high-volume move above it would get the party started. If price can’t break through, expect it to keep bouncing between 80,535 and 81,603 until both sides get worn down and hand over their chips.

Here’s the line in the sand: if price falls below the daily buy point at 79,801, the bullish view is immediately invalidated, and 79,468 is the next stop. Don’t ask, “What if it breaks down?” The answer is: set your stop-loss. The market never pays people for hesitating.

Trading volume is 8.49B—not quiet, but not exactly lively either. With volume like this, a sharp rally or sell-off would be hard to pull off. The most likely scenario is more grinding away at the people on both sides shouting slogans.

In short: bullish above the pivot; turn bearish if 79,801 breaks. Your stop-loss order is much more reliable than an influencer’s hot air.

$BTC Daily sell point: $81603 Daily buy point: $79801
$ETH Daily sell point: $2376.69 Daily buy point: $2309.09
$BNB Daily sell point: $755.4 Daily buy point: $734.81
$BTC #BTC $ETH #ETH

The push to 80819 fizzled during the day; 79352 is BTC’s night-session reality check

The daytime script in one sentence: BTC surged to 80819.4 in the morning, just thirty-odd bucks shy of 80849.6, but couldn’t quite get there and turned lower. That’s not resistance—it’s a ceiling welded shut.

The current price is 79880.3. It can’t even reclaim the pivot at 80085.7, so why dream of new highs? Trading volume for the day came in at $9.04 billion. The money hasn’t left; it just isn’t showing its hand in a pretty way.

ETH is in even worse shape, down 0.82%. Its intraday low of 2294.26 briefly broke below 2295.7, before a last-gasp bounce pushed it back above 2315. This kind of price action is a dress rehearsal by day and a preview by night.

Funding rates are 0.0083% for BTC and 0.0054% for ETH—barely positive. Leverage isn’t overheated, which suggests the bears haven’t dared to go all in either. The whole market is waiting for the other side to blink first.

The only asset in the green is XRP, up 0.67% at 1.3024, holding firmly above 1.30. The big coins are playing dead while the altcoins put on a show. This market is a joke, and not a funny one.

Keep these three levels in mind for the night session:
① Can BTC hold 79352? The intraday low at 79429 is the bulls’ last shred of cover. If it breaks, downside risk increases. Don’t go looking for faith while the market is falling.
② The bulls won’t be out of the woods until BTC gets back above 80085.7. Above that is 80849.6—a level it couldn’t reach during the day, so don’t expect a miracle tonight.
③ ETH is following BTC. 2319.75 is the dividing line, with 2347.49 in sight above. It couldn’t even reach the daytime high of 2343.79—the weakness is written all over it.

BNB is at 740.74, dozing between 734.68 and 750.05. Not worth mentioning.

My stance is clear: bearish. 79880.3 is neither a floor nor a ceiling. Between 79352 and 80085.7, follow whichever level breaks first. The middle of the range is where retail traders with too much imagination get wiped out. The market never lacks imagination; what it lacks is discipline.

$BTC Daily sell level: $80850 Daily buy level: $79352
$ETH Daily sell level: $2347.49 Daily buy level: $2295.7
$BNB Daily sell level: $750.05 Daily buy level: $734.68
$BTC #BTC $ETH #ETH

Ondo Launches OPAIPon, a Tokenized Note Tied to OpenAI’s Pre-IPO Shares

As news of Ondo tokenizing pre-IPO exposure to OpenAI continues to gain traction, it is worth first clarifying what has been confirmed by public information. On October 5, Ondo Finance officially launched Ondo Private Markets, a platform designed to bring economic exposure to private companies on-chain. Its first product is tied to an artificial intelligence company planning to go public. On October 20, Ondo Perps launched OPAIPon, a note tied to OpenAI’s private market, with the OPAIPon/USDC trading pair. It offers 24/7 trading on a permissionless spot order book and supports self-custody wallets. In other words, secondary trading of the note is already live; this is no longer just an announcement.

It is important to be clear that OPAIPon is not a stock, but a tokenized note that represents debt obligations of the issuer. The return on each token is linked to the per-share value of the underlying common stock upon a “qualified liquidity event.” Triggering events include an IPO, an acquisition of majority control, bankruptcy or liquidation, and the tenth anniversary of issuance. Ordinary financing rounds, employee share repurchases, and routine secondary sales do not trigger redemption. Holders are not entered in the company’s shareholder register, have no voting rights, and do not own shares in the company. Access is also strictly limited: U.S. persons are explicitly excluded, and users in restricted jurisdictions such as Canada cannot trade on the venue. Primary-market subscriptions are available to eligible non-U.S. investors through Ondo Private Client or designated distribution partners, while secondary trading takes place on Ondo Perps.

The rationale is clear: Ondo is addressing a genuine gap. About 87% of U.S. companies with annual revenue exceeding $100 million remain private, leaving ordinary investors with little access to their early-stage growth. Ondo’s existing platform covers more than 450 tokenized stocks and ETFs. Its tokenized stock and U.S. Treasury platforms have around $3.7 billion in combined total value locked and more than 1 million holders. The total market capitalization of tokenized stocks has surpassed $42 billion, accounting for about 35% of the overall tokenized asset market. Extending this infrastructure from public companies to private ones is a natural expansion of the business.

The potential effects on the crypto market can be viewed from three angles. First, bringing private-market assets on-chain expands the range of assets in the real-world asset sector. If the model succeeds, sectors such as robotics, cybersecurity, and biotechnology may follow. Second, OPAIPon/USDC uses stablecoins for settlement, adding a new use case for on-chain payments. Third, strict geographic and investor-qualification restrictions place a clear ceiling on the capital that can participate, so the short-term inflow should not be overstated.

Editorial assessment: First, this is a product-level innovation. Current evidence does not indicate that the note is directly linked to the value of the ONDO token, and the two should not be conflated. Second, the underlying company does not have a continuous public-market price, and private-market valuation transactions are infrequent. The issuer also cautions that the secondary-market price may diverge significantly from the latest private valuation and the eventual redemption amount. Liquidity may be limited and spreads may be wide; “24/7 trading” does not mean you can always sell at your preferred price. Third, as for claims that subscriptions will open “next week,” the information available for this review shows that secondary trading has been open since October 20. The timing of the primary-market subscription window has not been directly confirmed and should be verified against the official offering documents. This is a summary and analysis based on public information, and does not constitute investment advice.

#Ondo下周开放OpenAI上市前代币化票据认购 #BTC #ETH #BNB

Akash officially selects Solana, AKT to become a native token

Akash, a decentralized computing-power marketplace, has officially selected Solana as its migration destination. The project has long operated its own chain based on the Cosmos SDK, specializing in decentralized GPU and AI computing-power rentals. In October 2025, founder Greg Osuri publicly said that the project was considering a move to Solana, but no decision had been made at the time, and other options, including the Ethereum ecosystem, were still under evaluation. On October 26, 2026, Akash published a detailed announcement saying that its core team had selected the Solana mainnet: it will leave its Cosmos chain and rebuild its computing-power marketplace as a native Solana program, with AKT becoming a native Solana token.
The official document outlines three key details. First, the migration will not happen immediately: no transition date has been set, and the switch will require independent audits and migration rehearsals to be completed, followed by a separate governance vote. After the switch, existing workloads will continue running for 90 days to give tenants time to redeploy. Second, AKT comes first: after the migration proposal passes and both audits are approved, the team will launch an AKT SPL token on Solana within two weeks and open a one-way migration portal for two years. Third, the process includes fallback conditions: if major exchanges do not support the Token-2022 standard, or if the consensus upgrade proves unstable, the project may still switch to an EVM-based path.
The rationale can be broken down into four points. First, there is no longer a need to pay for a chain the project does not use: around 100 validators stake AKT solely to maintain consensus, while the core team also has to maintain forks of components such as cosmos-sdk. After the migration, Solana will provide security, and the network’s daily fees will be about 0.075 SOL—only a few dollars. Second, scaling will come at near-zero cost: the median cost per Solana transaction is about $0.001, and Akash handles around 15,000 marketplace transactions a day, a light load even if scaled up a hundredfold. Third, DePIN projects have already clustered on Solana, with Helium, Render, io.net, and Nosana all settling transactions there; the migrations of Helium and Render offer precedents. Fourth, liquidity and users: Solana leads in weekly DEX trading volume, has about $15 billion in stablecoins, and sees roughly 2.2 million daily fee-paying addresses. By contrast, the Cosmos ecosystem is contracting, and Noble, a stablecoin-focused chain, left in March 2026. The trade-offs are also explicit: giving up sovereign consensus, validator revenue, native IBC, and the narrative of operating its own chain.
The potential impact should be separated into facts and speculation. As a matter of fact, AKT will become a native Solana token, and Solana’s DePIN landscape will gain a computing-power rental protocol. Speculatively, if the migration proceeds smoothly, Solana’s clustering effect around DePIN and AI computing-power narratives may strengthen further, while some AKT currently staked with validators may shift toward liquidity and ecosystem incentives. The appeal of the Cosmos app-chain model may also come under scrutiny as a prominent project moves away. These are speculations and depend on how the migration is carried out.
Editor's note: This is a trade-off that puts performance, cost, and ecosystem density ahead of a sovereignty narrative. The decision is public and includes fallback conditions, offering a relatively high degree of transparency. The key things to watch next are the timing of the governance vote, the results of the two audits, and the details of the two-year migration window—not the short-term sentiment triggered by a single announcement.

#Akash选定Solana为迁移目标 #BTC #ETH #BNB