Bitcoin hit fresh highs on Monday, and several altcoins look ready to follow. If the buying pace sustains, BTC’s next stop could be $142,000. Key points: Solid buying in Bitcoin ETFs last week helped propel the price to a new all-time high on Sunday, with buyers attempting to extend the rally on Monday. Several altcoins are showing strength and are striving to rise above their overhead resistance. Read more
The shutdown entered its sixth day on Monday, with the SEC, CFTC and other agencies operating with restrictions and limited staff. Many US federal employees have been furloughed, and others continue to work without pay, since lawmakers failed to pass a stopgap measure to fund the government last week, and the shutdown is expected to continue. As of Monday morning, there had been no reported deal between Republican and Democratic members of the US Congress to stop the shutdown and return operations to normal, including activities at financial regulatory agencies such as the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The Senate is scheduled to hold a vote on a continuing resolution to fund the government at 5:30 pm ET, but at the time of publication, it was unclear whether the measure would have enough support to pass. Read more
Plume’s SEC registration lets it manage tokenized securities under US law, a step toward merging traditional markets with blockchain infrastructure. Plume Network, a layer-2 blockchain designed to host real-world assets (RWAs), has registered as a transfer agent with the US Securities and Exchange Commission (SEC) — a move that bolsters its ability to bring traditional financial instruments onchain and streamline the issuance of tokenized securities. The company announced its registration on social media, saying the step supports its broader mission of migrating securities markets onto blockchain infrastructure. Transfer agents traditionally handle critical back-office functions for securities issuers, including maintaining shareholder registries, recording ownership transfers and managing corporate actions. Read more
A record weekly close above $123,000 for Bitcoin confirms a new phase of price discovery as onchain and futures metrics point to bulls running the show. Key takeaways: Bitcoin’s price discovery reached its strongest weekly close at $123,400. Onchain metrics and futures data show sustained bullish control above $122,000. Read more