Tag: CRYPTOS FoxBusiness

According to Schiff, political developments in the US, rising inflation, and bond yields are among the factors that could put pressure on risky assets. The renowned investor believes these conditions could lead to a broader correction in financial markets.

Schiff, in particular, highlighted the potential impact of rising bond yields on asset prices and expressed doubts about the sustainability of the current market outlook.

Schiff, known for his criticisms of Bitcoin, considers gold a long-term store of value. In his latest statement, he reiterated his view that people should invest in gold instead of Bitcoin.

Schiff’s assessments are based on the belief that Bitcoin’s current price levels do not adequately reflect economic risks. However, these statements reflect the investor’s personal market expectations.

Bitcoin’s future price movements will depend on global economic conditions, investor demand, and developments in financial markets. Whether the sharp decline predicted by Schiff will materialize remains uncertain.

*This is not investment advice.

He also pointed to data centers’ job creation, noting demand for construction workers, energy infrastructure and AI compute hardware.

Moody’s estimates planned capital spending on U.S. data centers at $700 billion this year, rising to between $2.4 trillion and $2.48 trillion through 2030. Globally, spending is expected to reach $7 trillion by the end of the decade.

Any attempt to stifle that spending could have wide-ranging effects. The U.S. economy is already stressed on several fronts, including sticky inflation and rising bond yields.

A recession would matter for crypto traders too, since it typically reduces investors’ appetite for risky assets. Bitcoin proponents hail it as a haven, but it has historically faced selling pressure during broad-based risk aversion. At press time, the cryptocurrency traded near $81,200, down 0.8% since midnight UTC.

BlackRock’s iShares Bitcoin Trust (IBIT) is the world’s largest publicly listed bitcoin fund, with cumulative net inflows of $65.62 billion since its debut in January 2024, according to SoSoValue.

$40 trillion debt

Fink also pointed to government borrowing. “U.S. deficits are starting to have a serious impact,” he said, noting the national debt has gone from $8 trillion in 2000 to $40 trillion in 2026.

“We grew $32 trillion in 26 years,” Fink said. “That’s a massive impact on demand for credit. The government is demanding more and more credit, and bond auctions are getting larger and larger.”

The application also covers cash denominated in U.S. dollars, euros and British pounds, as well as jewelry, bank deposits and investment portfolios.

Notably, the $DOGE holdings have reportedly already been converted into cash by British judicial authorities and deposited into an interest-bearing account.

Massive $6 billion crypto fraud

The confiscation proceedings stem from a massive investment fraud scheme allegedly orchestrated by Qian through Tianjin Lantian Gerui Electronic Technology.

Between April 2014 and August 2017, the company illegally raised approximately 40.38 billion yuan (roughly $6 billion) by selling fraudulent investment products that promised substantial returns.

According to Chinese prosecutors, the scheme affected more than 102,000 investors, who suffered combined losses of approximately 19.98 billion yuan.

Much of the money was used to repay existing investors, operate fraudulent investment projects and purchase assets, including Bitcoin, real estate, vehicles and jewelry.

Qian fled China in 2017, eventually arriving in the United Kingdom, where British authorities subsequently seized her cryptocurrency holdings.

In November 2025, she was sentenced to 11 years and eight months in prison by a British court for money laundering offenses.

What happens to seized Bitcoin?

The latest development comes as British courts are also considering the legal ownership of the massive Bitcoin fortune.

On October 12, the UK’s High Court ruled that Chinese law should govern claims made by victims seeking to recover the seized cryptocurrency.

The decision could have major implications for whether investors are entitled to the original value of their losses or potentially benefit from Bitcoin’s substantial appreciation since the fraud took place.

However, the British ruling does not establish final ownership of the assets. Further proceedings will determine whether the victims can demonstrate enforceable rights to the cryptocurrency.

Meanwhile, the Chinese court has opened a six-month period during which Qian’s relatives and other interested parties, including affected investors, can participate in the confiscation proceedings.

What the Data Shows

Current market conditions indicate that Solana’s performance is being closely watched alongside Bitcoin and Ethereum. Analysts are particularly attentive to how institutional interest may shape trading strategies in the coming weeks. Recent discussions have also highlighted the competitive positioning of Solana in relation to its peers, suggesting potential trends that traders should monitor closely.

Solana is a high-performance blockchain known for its speed and low transaction costs. Its growing popularity is attracting interest from institutional investors, which is crucial for enhancing market credibility. Goldman Sachs has jurisdiction over crypto products, making its involvement in Solana ETFs particularly relevant for market dynamics.

Where Do We Go From Here

Traders should watch for increased activity in Solana’s market as Goldman Sachs’ significant holding could lead to heightened institutional interest. With the potential for new ETF flows, the interplay between Solana, Bitcoin, and Ethereum could define future trading strategies. The evolving dynamics among these assets will likely impact investor sentiment and market stability.

The information provided in this article is for informational purposes only and should not be considered as financial advice.

Bitcoin hash rate has stabilized pic.twitter.com/9uIXjuTcdL

— Zach Pandl (@LowBeta) October 14, 2026

Operational factors behind the mining contraction

The loss of installed capacity was primarily driven by margin compression following the price pullback from its October 2025 highs. An industry source stated in September 2026 that computing power retreated from 1,160 exahashes per second (EH/s) to 850 EH/s in the first week of February 2026. This shift represented a 26.72% drop over the analyzed period.

The report attributes this hardware disconnection to three concurrent variables: depressed spot prices, elevated algorithmic difficulty levels, and low transaction fee volume on the base layer.

Direct revenue per processing unit suffered severe deterioration by mid-year. Industry data places the hashprice at a monthly average of $27.70 per petahash per second per day (PH/s/day) during June 2026.

Industry specialists note that this revenue level failed to cover operational costs in mining farms running older-generation ASIC hardware.

Compounding these market factors were direct pressures on energy tariffs. In major mining hubs such as Texas, operators faced seasonal electricity price hikes and winter weather disruptions. Market reports indicate that several facilities powered down portions of their operations to curtail load back to the grid or migrated capacity toward AI infrastructure data centers.

The recovery toward levels near 1 ZH/s suggests that companies with efficient hardware and fixed-price power purchase agreements are capturing the market share left behind by less profitable competitors.

Monitoring desks are now looking ahead to the upcoming Bitcoin network difficulty adjustment, scheduled to conclude within the next 150 blocks of the two-week cycle, an event that will formally recalibrate the production cost of each block.

According to the latest data from the analytics tracker RWA.xyz, Stellar ranks fourth in the world among all blockchain platforms by RWA volume, trailing only Ethereum, BNB Chain, and Solana.

However, the structure of this capital is specific. It consists exclusively of conservative reserves held by major players, distributed across strictly regulated sectors.

The ecosystem’s landscape is defined by the European fintech sector, led by the Spiko platform, which digitized Amundi’s interbank swaps in euros, pounds, and francs, as well as Eurozone treasury bills. The American wing is represented by the public sector: secure Ondo Finance products based on US government bonds and the flagship money market fund from the investment giant Franklin Templeton.

Infrastructure liquidity is provided by Circle’s regulated dollar stablecoin USDC and Figure’s American stablecoin YLDS, registered with the SEC.

Why billions of dollars just sat idle on the blockchain

The thing is, the Soroban smart contracts within Stellar were completely cut off from the outside world. The network held colossal reserves of highly liquid and legitimate assets but could not build a full-fledged financial turnover around them.

They physically could not verify the exact value of these instruments in real time. Billions of dollars sat on the blockchain passively, serving as digital warehouse receipts.

It was impossible to launch even basic instruments against them. For example, it was impossible to use tokenized Ondo bonds as collateral to automatically receive stablecoins, since the system could not instantly calculate the liquidation value of the collateral at the slightest market fluctuation.

The Chainlink integration fully removes this technical barrier. Low-latency data streams deliver market quotes to Stellar smart contracts with virtually no delay.

This enables full-fledged automated lending with per-second recalculation of the collateral ratio, allows safe liquidations of large players’ positions without the risk of systemic failures, and also creates a foundation for prediction markets and perpetual futures on tokenized stocks.

Since the volume of RWA transfers on Stellar grew by a quarter over the past month, and stablecoin capitalization rose by 10%, the foundation’s decision to subsidize the integration looks like a pragmatic, preemptive commercial move.

By lifting the financial burden from developers, Stellar is trying to wrest the status of the main platform for structured DeFi from the market leaders, turning passive billion-dollar reserves into dynamic working capital.

The first level which is already cleared is $3.25 and next levels that are in cue to watch are $9, and $20.50. If $NEAR regains its previous highs, then the analyst Flippix sees room for a move toward $30 in the line too. But that forecast depends on a sustained recovery, not just a few bullish candles.

$NEAR Transaction Volume Surges Above $900 Million

The on-chain data adds another piece to the bullish case. $NEAR transaction volume reportedly stayed below $100 million through August 2026, before climbing above $900 million by October.

That’s a sharp change in activity. If transaction volume continues rising, it could approach $1 billion soon. Still, higher transaction volume alone doesn’t guarantee stronger token demand or higher prices.

Daily Transaction Add to the Bullish Argument

$NEAR protocol’s daily transaction count is also trending upward, according to the chart from NearBlock’s dashboard. More transactions suggest the blockchain is seeing increased usage, giving traders another metric to watch alongside price action.

However, network activity and token performance don’t always move in lockstep. Market demand still matters, and a bullish chart can’t eliminate downside risk.

For now, the $NEAR price prediction hinges on whether rising activity supports a sustained breakout. The $9 and $20.50 levels offer milestones, while $30 remains the ambitious target. If demand strengthens, further gains are possible but the 2,000% scenario is a forecast that needs hard demand, which doesn’t come easy.

“You can see very clearly where the buys are on Cardano,” Sheldon said, adding that the market will start turning green again once the current phase ends.

His outlook comes as Cardano trades at $0.2346, according to CoinMarketCap data. $ADA has fallen 7.81% over the past week but remains up approximately 11% over the past month.

Sheldon Expects Cardano to Turn Green Within 10 Days

Sheldon expects the current market weakness to persist briefly before buyers regain control. He indicated that the recovery will arrive sooner if the market moves lower and reaches the buying zones he has identified.

“If things play out right, we should be done in the next seven to 10 days and we should be seeing green again,” he said.

The analyst added that a quicker move into these zones will accelerate the recovery. However, he did not provide specific price targets for $ADA or identify exact price levels for the buying areas in the available excerpt.

His comments suggest he sees the current decline as an accumulation phase rather than the start of a prolonged downturn. $ADA’s response to buying interest and cryptocurrency market conditions will determine the strength and timing of the recovery.

Notably, $ADA hit $0.2813 last week, marking a five-month high. However, the price quickly retraced from that level but has since found support around $0.23, and many analysts believe the rally will resume soon.

UPDATE: Crypto Banter’s Sheldon says “you can see very clearly where the buys are on #Cardano $ADA. I do think a lot of these tokens are going to be here for a week or two, and then start moving ridiculously.” pic.twitter.com/x8m5hPDBqJ

— Angry Crypto Show (@angrycryptoshow) October 13, 2026

CryptoUS Predicts a Solana-Type Comeback

Sheldon’s outlook follows comments from CryptoUS pundit George, who argued that Cardano will stage a recovery similar to Solana’s performance soon.

George noted that $ADA has repeatedly suffered deep declines during crypto winters before recovering. He also highlighted Cardano founder Charles Hoskinson’s continued involvement as a key factor supporting the project’s long-term resilience.

Solana provides a notable historical comparison. SOL fell to about $8.14 in 2022 after the FTX collapse, then climbed above $125 by 2023. It subsequently reached an all-time high of around $294 in January 2025.

That represented a gain of more than 3,500% from its December 2022 low to its peak. George sees Cardano following a comparable recovery path.

Meanwhile, $ADA will need to overcome its current price weakness and attract sustained buying demand to establish a similar trajectory.

$ADA Recovery Hinges on Its Next Move

At $0.2346, Cardano remains well below its previous all-time high of approximately $3.10. Its 11% monthly gain signals improved performance despite the weekly decline.

Sheldon’s seven-to-10-day forecast puts the focus on $ADA’s ability to stabilize and recover during the coming sessions.

Both analysts anticipate a Cardano comeback from different perspectives. Sheldon focuses on near-term buying zones and an imminent market turnaround, while George points to the prospect of a longer-term recovery modeled on Solana’s post-FTX rally.