Category: Business

  • CME’s bitcoin cash, uniswap futures, global PMIs: Crypto Week Ahead

    CME’s bitcoin cash, uniswap futures, global PMIs: Crypto Week Ahead

    CME Group, one of the world’s largest derivatives marketplaces, plans to start offering bitcoin cash $BCH$278.93 and uniswap ($UNI) futures on Monday, pending regulatory review.

    Following last week’s key U.S. inflation reports, this week’s price data from other important global economies might also help shape the market’s direction.

    Also due are the flash October PMIs, scheduled for Friday. The Purchasing Manager Indexes measure the health of different sectors of the economy as well as providing a composite reading.

    Major crypto-linked companies including Tesla TSLA and CME Group (CME) are reporting earnings this week, though the majority of their business is not directly tied to the industry.

    What to Watch

    (All times ET unless stated otherwise.)

    • Crypto

      • Oct. 19: CME Group plans to offer standard and micro bitcoin cash $BCH$278.93 and uniswap ($UNI) futures.
      • Oct. 21: CoinShares’ bitcoin and ether ETF is scheduled to halt trading before the market opens as the fund liquidates.
    • Macro

      • Oct. 19, 8:30 a.m.: Canada CPI MoM for September (Prev. -0.1%); CPI YoY (Prev. 3.0%)
      • Oct. 20, 8:30 a.m.: U.S. Housing Starts for September est. 1.30M (Prev. 1.275M); Building Permits est. 1.40M (Prev. 1.394M)
      • Oct. 21, 2 a.m.: U.K. CPI MoM for September (Prev. 0.5%); CPI YoY (Prev. 3.1%); Core CPI YoY (Prev. 2.6%)
      • Oct. 22, 8:30 a.m.: U.S. Initial Jobless Claims for period ending Oct. 17 est. 200K (Prev. 199K)
      • Oct. 22, 10 a.m.: Eurozone Consumer Confidence Flash for October (Prev. -16.5)
      • Oct. 22, 7:30 p.m.: Japan National CPI YoY for September (Prev. 1.9%); CPI ex-Fresh Food YoY (Prev. 1.7%); CPI ex-Fresh Food & Energy YoY (Prev. 1.9%)
      • Oct. 23, 4 a.m.: Eurozone Composite PMI Flash for October (Prev. 53.1)
      • Oct. 23, 9:45 a.m.: U.S. Composite PMI Flash for October (Prev. 58.4)
      • Oct. 23, 10 a.m.: U.S. University of Michigan Consumer Sentiment Final for October (Prelim. 46.3)
    • Earnings

      • Oct. 21: CME Group (CME), pre-market, $2.98
      • Oct. 21: Tesla TSLA, post-market, $0.40
      • Oct. 22: Nasdaq (NDAQ), pre-market, $1.02
      • Oct. 22: Blackstone (BX), pre-market, $1.29

    Token Events

    • Governance Votes and Calls

      • Oct.19.: Ethereum All Core Devs Testing call No. 101, with Glamsterdam and Hegotá testing on the agenda.
      • WalletConnect Network is voting to adopt a power-law APY formula and a separate RewardWeight system to improve staking incentives. Voting ends Oct. 19.
      • ZKsync is voting to resubmit its v31 protocol upgrade with corrected calldata to introduce Priority Mode for L1-settling chains and unify the Era and ZKsync OS codebases. Voting ends Oct. 19.
      • Arbitrum DAO is voting to update L1-pricing parameters for the Glamsterdam upgrade, establish an L1 voting recovery system, transfer 1,700 ETH to the ADG and Treasury strategies, and adopt USDG as a core strategic initiative. Voting ends Oct. 22.
      • QuickSwap is voting to deprecate its Soneium deployment and remove the network from its landing page UI. Voting ends Oct 21.
      • Starknet is voting on a non-binding signal to research evolving into an independent post-quantum L1. Voting ends Oct. 22.
      • Optimism is holding a veto-only vote to transfer Unichain’s sequencer operations and fee routing to the Optimism Foundation. Voting ends Oct. 22.
      • $ENS DAO is voting to execute the mainnet activation of ENSv2, freezing v1 registrations while keeping existing names renewable and transferring control over to the DAO. Voting ends October 25.
    • Unlocks

      • Oct. 20: LayerZero ZRO$1.8806 to unlock 3.83% of its circulating supply worth $44 million.
      • Oct. 25: Humanity H$0.05680 to unlock 6.84% of its circulating supply worth $15.27 million.
      • Oct. 25: Plasma XPL$0.07801 to unlock 5.02% of its circulating supply worth $17.76 million.
    • Token launches

    Conferences

    • Oct. 18–21: Money20/20 USA, (Las Vegas)
    • Oct. 19–20: The Digital Asset Conference IV (London)
    • Oct. 19: Ethereum Stablecoin Summit (Las Vegas)
    • Oct. 20: Capital & Code (Frankfurt)
    • Oct. 22–23: LF Decentralized Trust Privacy Workshop (New York)
  • Banking giant Standard Chartered’s customers have started buying Bitcoin and Ethereum without needing a wallet! Here are the details

    Banking giant Standard Chartered’s customers have started buying Bitcoin and Ethereum without needing a wallet! Here are the details

    The service combines Standard Chartered’s asset and retail banking units with its corporate and investment banking activities. Transactions are conducted through the Zodia Markets platform, which is backed by the bank’s venture capital arm, SC Ventures.

    Standard Chartered announced that it has received the necessary license approval from the Dubai Virtual Assets Regulatory Authority for the service. The bank states that this product is the first of its kind offered by an international bank in the United Arab Emirates. This also marks Standard Chartered’s first foray into offering cryptocurrency trading directly to wealthy individual clients in any country.

    The bank had previously launched institutional Bitcoin and Ethereum spot trading through its UK arm, later expanding its institutional service to the UAE. It also offers crypto ETFs, structured products, and over-the-counter derivatives to eligible clients.

    It shouldn’t be assumed that the service is open to all individual customers. Users need to meet professional investor requirements, and initially, only Bitcoin and Ethereum are supported. While Standard Chartered has stated its intention to expand the system to other markets, it has not announced any new countries or implementation schedule.

    *This is not investment advice.

  • Chaos as violent Paris protests begin to spread across Europe with over half a million people involved

    Chaos as violent Paris protests begin to spread across Europe with over half a million people involved

    As half a million demonstrators took to the streets for largely peace protests, there’s now been 2,400 arrests across France.

    French President Emmanuel Macron said ‘nothing justifies’ the ‘unbridled’ violence seen over the weekend, as protests turned into rioting and looting.

    Rioters, some dressed in black and wearing balaclavas, were seen setting fire to cars and buildings in Paris.

    An estimated 1,500 shops and businesses were looted and destroyed.

    Macron expressed the public’s ‘anger’ and ‘shame’ over nationwide protests against rising living costs and poor conditions in schools.

    He blamed much of the violence on far-left activists, accusing them of attacking police and public buildings to foment chaos.

    In a televised address to the nation on Sunday, he said those who ‘attacked government buildings’ would ‘pay for their crimes’.

    Some 550,000 demonstrators took to the streets to protest (AP/Emma Da Silva)

    Some 550,000 demonstrators took to the streets to protest (AP/Emma Da Silva)

    Macron said: “Looking at these images, we have all asked ourselves: what was going through their minds? How can French people do this to France?

    “Nothing justifies it, nothing explains it, nothing excuses it. Tonight, we all feel anger and shame.”

    He added: “Those who looted will have to pay back for the damage, and those who sought to bring down the Republic will be held accountable.”

    An estimated 1,500 shops and businesses were looted and destroyed (AP/Emma Da Silva)

    An estimated 1,500 shops and businesses were looted and destroyed (AP/Emma Da Silva)

    In Limoges in central France, where the 19th-century town hall was burned down, the mayor, Guillaume Guérin, said the people who stormed his building ‘were not demonstrators that defend causes’ but ‘people organised for war’.

    “The right to protest is a fundamental right. Deliberately and collectively sowing disorder through violence is not,” interior minister Laurent Nunez wrote on X, citing the looting of hundreds of businesses in cities including Paris, Marseille, Lyon and Bordeaux.

    Authorities estimated Saturday’s marches had a turnout of about 550,000, while organisers put it at 800,000.

    There's now been 2,400 arrests across France (AP/Emma Da Silva)

    There’s now been 2,400 arrests across France (AP/Emma Da Silva)

    Parisian Jean Foissy, 74, said he wanted to join the protest but found ‘a wall of riot police and fires everywhere’, and went back home.

    “I was very scared,” he said. “I’ve been a Parisian since I was born, so when I got here, it almost made me want to cry because I find it so bad, it hurts me.”

    Margaux Eude, 26, said she supports the protest movement but ‘didn’t think it would escalate like this’.

    “It’s the troublemakers who came, and it breaks my heart because it delegitimises the movement”, she said.

    In eastern France, the Mulhouse prosecutor’s office said an investigation has been opened after a 17-year-old girl was injured during the protests and lost an eye.

  • Amelia Earhart mystery update as ‘no conclusive evidence’ of missing plane found in expedition

    Amelia Earhart mystery update as ‘no conclusive evidence’ of missing plane found in expedition

    The mystery of Amelia Earhart’s disappearance has baffled us for decades but a recent expedition has only provided more questions than answers.

    Earhart, who is one of the most celebrated aviation pioneers in history, set off on a journey to circumnavigate the globe back in 1937 alongside her navigator Fred Noonan.

    However, both would disappear in July of that year after losing contact with air traffic control over the Pacific Ocean, and they were never seen again, with the whereabouts of their plane still eluding us nearly 100 years on.

    In recent years, efforts have stepped up to try and locate her Lockheed Electra 10e plane, with AI not even to pinpoint exactly where the explorer went missing, but the latest efforts have had a strange outcome.

    Images believed to be the aviator’s plane have turned out to be a ‘clump of trees’, while there’s also a bizarre theory going round that she was eaten by giant crabs.

    It has long been thought that Earhart went missing close to Nikumaroro, which is part of the Phoenix Islands, Kiribati, in the western Pacific Ocean, and that’s where the recent US expedition has headed.

    And to assist with the investigation, a New Zealand museum has released close to 50 photos from a 1938 aerial survey of the island, which you’d think they might have realised were at their disposal a little earlier into this 89-year mystery.

    Earhart and Noonan both went missing on the expedition (Topical Press Agency/Getty Images)

    Earhart and Noonan both went missing on the expedition (Topical Press Agency/Getty Images)

    Sadly, Purdue University in Indianapolis, who are leading the investigation, suggested in a recent statement that there was no sign of the mysterious artefact known as the ‘Taraia Object’, an elongated shape in one of the island’s lagoons which has long been thought to be associated with Earhart’s missing plane.

    The statement read: “The Taraia Object expedition, a joint effort by the Archaeological Legacy Institute (ALI), Purdue Research Foundation and Purdue University, announced Monday, Oct. 19, local time that it found no conclusive evidence to confirm a hypothesis that wreckage from Amelia Earhart’s Lockheed Electra 10-E was in a lagoon on a remote atoll in the South Pacific. Nikumaroro is 17 hours ahead of Eastern time in the U.S.

    “Evidence gathered at the Taraia Peninsula on Nikumaroro confirmed that the visual anomaly first seen in satellite imagery in 2020 was likely a collection of large trees deposited along the peninsula’s sandspit. By the time the team arrived at the site, a good portion of the debris had fragmented and washed away, leaving only a single Y-shaped segment — a fraction of the anomaly’s original size observed in imagery when the Taraia Object hypothesis was developed.”

    The island where the expedition is taking place (LADbible)

    The island where the expedition is taking place (LADbible)

    Rick Pettigrew, the expedition lead and executive director of the Archaeological Legacy Institute, previously suggested that finding the plane would be a ‘discovery of a lifetime’.

    He added: “We understand the tremendous interest in what we’re doing at Nikumaroro, and we appreciate everyone’s patience. This is a complex scientific process. You don’t simply arrive at a site and immediately identify what’s there. We have to carefully collect the data, analyse it and reach sound conclusions.”

  • Final words of priest crushed to death by giant crucifix in front of worshippers

    Final words of priest crushed to death by giant crucifix in front of worshippers

    Heartfelt tributes have been left for a Catholic priest who died in Ecuador after worshippers witnessed a crucifix falling on him during a livestreamed Mass.

    Father Patricio Alfredo Sánchez Molinari, 53, was addressing his congregation from the altar during a 7pm service on Saturday (17 October) when, around 30 minutes into the Mass, a crucifix hanging on the wall fell forward onto the back of his head.

    Footage, which has now been taken down, showed parishioners at the Church of Perpetual Relief of the Central Vicariate in Guayaquil shrieking and crying.

    “Father, Father… call an ambulance,” a woman was heard screaming, as emergency medical services were unable to save his life.

    The church announced his death hours later. It’s unclear if Rev. Molinari died at the scene or at hospital.

    El Universo reports that prior to his death, Rev. Molinari spoke to his congregation about dedicating time to loved ones and God rather than worrying about finances or work.

    Rev. Patricio Alfredo Sánchez Molinari died on Saturday during a livestreamed Mass (Facebook/Patricio Sanchez)

    Rev. Patricio Alfredo Sánchez Molinari died on Saturday during a livestreamed Mass (Facebook/Patricio Sanchez)

    Just minutes before the tragedy, Rev. Molinari was reportedly talking about death.

    “One day, all of us here will also die, and sometimes the time we’ve spent on things doesn’t have as much meaning as the time we spend with God,” he said, according to the New York Post.

    “The quality time we give to God, to our brothers and sisters, to our husbands, wives, children, and family – that time is the best spent.”

    Images from a Eucharist in honour of Rev. Molinari from yesterday (18 October) show the cross hasn’t been replaced, with its outline visible on the bare church wall.

    The cross appears not to have been replaced (Facebook/Arquidiócesis de Guayaqui)

    The cross appears not to have been replaced (Facebook/Arquidiócesis de Guayaqui)

    Paying tribute to the priest, church officials wrote: “We announce that our beloved Fr. Patricio Alfredo Sanchez Molinari, CSsR., who served as parish priest of Our Lady of Perpetual Help Church in the Central Vicariate, has departed for the Father’s House to rejoice in His presence and glory.”

    “Eternal rest grant unto him, O Lord. And let perpetual light shine upon him. May he rest in peace. Amen,” the post, shared on Facebook, added.

    Following the shock death, tributes have been shared on social media, with one person writing: “Today the Church mourns, but also gives thanks to God. Our brother priest has departed to the Father’s House.

    What caused the crucifix to fall is not yet clear (Facebook/Patricio Sanchez)

    What caused the crucifix to fall is not yet clear (Facebook/Patricio Sanchez)

    “A priest never dies alone, he dies having lived for others. With his hands he blessed, with his voice he forgave, with his life he taught us the Gospel not only with words, but with the example of his daily dedication.”

    Another said: “May God receive him in His Holy Glory, one of the best Priests that our Perpetual Help parish has ever had. His passing is very sad, only God knows why it happened this way, we will miss you a lot Father Patricio.”

    While a third commented: “My deepest condolences to the Church of Guayaquil, to its family, friends, and to the entire community that had the blessing of knowing this priest dedicated to God and to his ministry.”

    Investigations into what happened are still ongoing.

  • Michael Saylor Explains Bitcoin-Backed Stablecoins Could Be the Future of Digital Currency! Here Are the Details

    Michael Saylor Explains Bitcoin-Backed Stablecoins Could Be the Future of Digital Currency! Here Are the Details

    The founder of Strategy stated that the next major product to emerge in digital capital and credit markets could be Bitcoin-backed stablecoins.

    Saylor stated that stablecoins of this type, backed by Bitcoin and pegged to the dollar, could potentially yield annual returns of 6 to 8 percent. However, these return rates are based on Saylor’s envisioned financial model, not on a product that has yet to be implemented.

    Saylor has previously argued that digital credit structures should not rely solely on Bitcoin collateral in order to be resilient.

    In this context, he stated that using Bitcoin together with cash assets, including the dollar, could increase the financial resilience of digital credit products.

    On the other hand, Strategy’s current cash reserves are said to be sufficient to cover approximately three years and six months of dividend payments.

    Saylor’s statements reflect his expectation that Bitcoin can be used not only as an investment and store of value, but also as collateral for new digital financial products.

    However, the feasibility of a Bitcoin-backed stablecoin model will depend on collateral management, liquidity conditions, and regulatory requirements.

    *This is not investment advice.

  • Bitcoin whale moves $34 million in BTC it got in 2013 when coins traded at $131

    Bitcoin whale moves $34 million in BTC it got in 2013 when coins traded at $131

    The specific wallet behind Sunday’s move received the bulk of its funds, some 411 $BTC, on Sept. 11, 2013. Back then the cryptocurrency traded around $131. Over the next 13 years, the owner didn’t buy, sell, or move a single coin. They simply sat tight as the asset’s value skyrocketed more than 600 times, holding through three halvings, the 2017 boom, the 2022 FTX collapse, and the launch of spot bitcoin ETFs in 2024.

    While the owner remained completely inactive, the wallet itself did see some activity over the years. Dozens of tiny deposits trickled in, each worth less than a dollar. Several came from addresses that Arkham labels as phishing. It’s a common scam tactic known as “address poisoning.” Fraudsters send trace amounts of crypto (“dust”) to high-value wallets, hoping the owner will accidentally copy the scammer’s address from their transaction history during a future transfer.

    The whale didn’t fall for it.

    At 18:23 UTC on Sunday, the owner sent the entire fortune to a new address, paying a transaction fee of just 337 satoshis, a fraction of a single cent.

    So far, the funds have not been moved to an exchange. The new destination wallet has only received this single transfer and has not initiated any outgoing transactions. That lack of movement points to routine custodial housekeeping rather than a market sell-off.

  • MARA Holdings Transferred 1,000 BTC to Binance and Gate in Five Days! Is a Sell-Off Coming? Here Are the Details

    However, transfers to cryptocurrency exchanges do not necessarily mean that the assets have been sold. Such transactions can also be carried out for liquidity management, custody arrangements, or other operational needs.

    While Lookonchain speculates that the transfers made by MARA Holdings may be preparations for a sale, there is no definitive confirmation that the Bitcoins were sold on exchanges.

    The asset movements of Bitcoin mining companies are closely monitored in terms of supply dynamics in the sector. Whether Bitcoins obtained from mining activities are held or sold varies depending on the financial strategies of the companies.

    MARA Holdings’ transfer of 1,000 $BTC over the past five days has brought the company’s transactions regarding its Bitcoin reserves back into the spotlight.

    However, the total dollar value of the transferred Bitcoins, the price levels at which the transactions were made, and details regarding the company’s potential sales plans were not included in the available information.

    It is still unclear whether MARA Holdings has made an official statement regarding the purpose of these transfers.

    *This is not investment advice.

  • Passengers who blast music from their phones on buses could be fined £100

    Passengers who blast music from their phones on buses could be fined £100

    Good news for public transport users, as the UK government has announced that people who play music on their phones without headphones on buses and trains could be hit with a £100 fine.

    Prime Minister Andy Burnham has launched a crackdown on anti-social behaviour, which includes the use of your phone’s speaker to play music or watch videos while using public transport.

    A campaign, with the tagline ‘share the journey, not the noise’ will be launched today (Monday 19 October) aimed at reminding train passengers to use headphones.

    The Prime Minister said: “We’ve all been on the train when someone starts blasting music or videos from their phone. It gets on your nerves and can quickly spoil the journey.

    “So, we’re launching a nationwide campaign reminding passengers to use headphones on trains. On top of that, we’re giving local leaders new powers to tackle loud music, vaping and littering on buses.

    Andy Burnham has launched a new campaign to crackdown on anti-social behaviour (Sean GALLUP / POOL / AFP via Getty Images)

    Andy Burnham has launched a new campaign to crackdown on anti-social behaviour (Sean GALLUP / POOL / AFP via Getty Images)

    He added: “It’s a simple thing, but one that will make journeys that little bit better for all of us.”

    The new campaign will be launched alongside guidance allowing local transport authorities to issue fines of up to £100 for non-compliance.

    Local authorities were granted the power to set and enforce their own rules on their bus networks earlier this year, and the guidance published on Monday by the Department for Transport will help set out how the new legislation can be used.

    The rules will need to be signed off by the Transport Secretary, and will be enforced by specialist transport safety officers rather than bus drivers.

    Transport Secretary Heidi Alexander said: “It is so frustrating when the actions of an inconsiderate few spoil journeys for the rest of us, whether that is vaping, littering or blasting music out loud.

    “Even small changes in behaviour can make a massive difference to people’s experience on public transport.”

    The move is sure to be welcomed by those who use public transport, with the Guardian reporting around 60 percent of voters back action taken against those who play loud music or videos on their phones.

    If you want to listen to music on public transport pop on some headphones or run the risk of being hit with a fine (Getty stock image)

    If you want to listen to music on public transport pop on some headphones or run the risk of being hit with a fine (Getty stock image)

    Ben Plowden, chief executive of the Campaign for Better Transport, said antisocial behaviour could be ‘a real deterrent’ to using public transport.

    He said: “If these new powers are properly and visibly enforced, they should help everyone feel safe and comfortable on public transport and enjoy the ride.”

    However, the Conservative Party has said the new rules don’t go far enough to protect bus and train staff.

    Shadow transport secretary Richard Holden said: “Finally, Labour are finally catching up with the Conservatives on issues passengers really care about.

    “After we led the charge against antisocial behaviour on public transport last summer, ministers have worked out that nobody wants to endure pounding techno or blaring hip hop on a packed train or bus.

    “But passengers and railway staff face far more serious problems. Assaults against rail staff have risen by 68 percent, while prosecutions have slumped under Labour. It’s time for Andy Burnham to get serious about enforcement, tackling violence and protecting those who work on our railways.”

  • Crypto Price Analysis, BTC, XRP, TAO, NEAR and SUI, October 19: Bitcoin, XRP Rebound, While TAO, NEAR and SUI Face Resistance

    Crypto Price Analysis, BTC, XRP, TAO, NEAR and SUI, October 19: Bitcoin, XRP Rebound, While TAO, NEAR and SUI Face Resistance

    Bitcoin’s Kraken USD daily chart shows a rebound below the $83,331.77 Bollinger midpoint, with $82,538–$82,826 the nearest marked resistance area.

    Daily Bollinger Bands, using a 20-day simple moving average and two population standard deviations, placed the midpoint at $83,331.77.

    The lower and upper bands stood at $80,288.95 and $86,374.59. Price recovered within the lower half of the envelope, while the midpoint edged down from $83,404.82. That is a rebound beneath a declining average, not a confirmed upside breakout.

    Monday’s live candle reached $82,700 by acquisition, clearing Sunday’s $82,177.30 high intraday.

    A completed daily close above $82,826 would strengthen the approach to the Bollinger midpoint, followed by the $84,049–$84,250 recent-high area. The band levels will recalculate with subsequent closes.

    Losing $80,567.90 on a daily close would weaken the rebound and refocus attention on the lower band and $79,709. A close beneath the latter would invalidate the recent support structure.

    The aggregate quote was 0.56% above the October 16 report’s $81,965 snapshot, a modest improvement rather than a decisive range escape.

    $XRP: New October Low Leaves Falling Averages Overhead

    $XRP closed Sunday at $1.30573, gaining 1.02% after touching $1.25477, its lowest price so far in October.

    $XRP recovered from a new October low but remained below its 20-day and 50-day EMAs. The completed candle did not confirm a fresh bearish crossover.

    That low undercut the $1.28274–$1.28724 support area tracked in Saturday’s report, but neither weekend daily candle closed below the bottom of that zone.

    The distinction matters: support was breached intraday, while a closing breakdown remained unconfirmed. Even after Sunday’s rebound, the close was approximately 0.29% below the $1.30952 close used in the October 17 analysis.

    The 20-day exponential moving average fell to $1.38385 and the 50-day EMA to $1.38036. Price remained below both, with the faster average still marginally above the slower one. The latest completed candle therefore did not confirm a new bearish EMA crossover.

    A daily close above the $1.30853–$1.31070 weekend-high area would improve the immediate recovery, with $1.33338–$1.35208 the next resistance zone. Reclaiming both daily averages would be a stronger trend-repair signal.

    Conversely, losing $1.26870 would leave Sunday’s $1.25477 low exposed. A close below that low would invalidate the rebound and bring the September 16 low of $1.24610 into focus.

    Bittensor: MACD Remains Bearish After a Recovery From $254

    Bittensor closed October 18 at $270.3569, up 0.51%, after falling to $253.9471. The long lower wick records a recovery from a fresh October low, but the $271.9020 session high remained below Saturday’s $277 peak and Friday’s $290.8425 high.

    Bittensor’s daily MACD (12,26,9) histogram became less negative, while the MACD line remained below its signal and zero.

    Daily MACD uses 12- and 26-period exponential averages with a nine-period signal EMA. Its line stood at −1.3846 against a 2.7139 signal line.

    The histogram narrowed from −4.3918 to −4.0985, showing a smaller bearish line-signal gap, not a bullish crossover. The MACD line itself fell further below zero.

    Four-hour MACD also remained below its signal line at the last completed candle. The recovery in price therefore had not yet produced bullish momentum confirmation on either timeframe.

    A daily close above $277 would clear the latest two completed session highs and improve the prospects for $284.50–$290.84. Losing the $253.95–$254.46 area, which contains Sunday’s low and the October 8 low, would undermine the rebound.

    A daily close below $253.9471 would invalidate that recovery and expose the September 20 low at $248.6678.

    $NEAR: Recovery Stalls Below the 38.2% Retracement

    $NEAR closed Sunday at $5.0079, up 3.10%, after recovering from $4.6156. The bounce stayed below the $5.0559 session high and left the token within its pullback from the October 12 peak.

    $NEAR’s daily Fibonacci levels track an upward retracement of the October 12–15 decline from $5.9990 to $4.5223. The latest close reclaimed 23.6% but remained below 38.2%.

    Fibonacci levels measure an upward retracement of the decline from the October 12 high of $5.9990 to the October 15 low of $4.5223. The 23.6% level is $4.8708, 38.2% is $5.0864, the 50% midpoint is $5.2607, and 61.8% is $5.4349.

    Sunday’s close reclaimed 23.6% but remained below 38.2%. Monday’s live candle reached $5.0855 by acquisition, just short of the latter reference. Neither that intraday approach nor the daily rebound confirmed a break above it.

    A daily close above $5.0864 would strengthen the recovery toward $5.2607 and then $5.4349, close to the October 15 high of $5.4369. A close back below $4.8708 would weaken the rebound toward $4.6156.

    A new low below $4.5223 would invalidate these recovery anchors, require recalculation, and reopen the October 8 low of $4.2937 as a structural reference.

    Sui: RSI Improves but Remains Below Neutral

    Sui closed October 18 at $0.9960, rising 2.14% after setting a fresh October low of $0.9364. The close remained beneath the $1 psychological level and Saturday’s $1.0195 high, leaving the recovery incomplete.

    Sui’s daily RSI rose to 45.61 but stayed below neutral as price approached $0.9978–$1.0195 resistance.

    The 14-period daily RSI, calculated with Wilder smoothing, rose from 43.38 to 45.61. Momentum improved but stayed below the neutral 50 threshold.

    Four-hour RSI at 47.80 likewise remained below neutral, supporting a stabilization attempt rather than confirming a sustained upward trend.

    The $0.9356–$0.9364 area combines the September 24 low with Sunday’s low. A daily close below $0.9356 would invalidate that support and expose the September 21 low at $0.8958.

    For a stronger recovery, Sui needs a daily close above $0.9978–$1.0195, followed by progress toward $1.0417–$1.0602.

    RSI moving above 50 would provide supporting momentum evidence, but would not replace those price conditions.

    Monday’s live candle touched $1.0100. That move alone did not clear the full resistance zone or establish a closing breakout.