Tag: CRYPTOS FoxBusiness

“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.

Market Pulse

The broader financial landscape shows that digital fraud remains a critical concern, particularly as new tactics continue to emerge and evolve. The report from the Bank of Thailand indicates a proactive approach to understanding these threats, which may influence regulatory frameworks moving forward. As digital transactions increase, so does the importance of implementing effective fraud prevention measures across the financial sector.

The Bank of Thailand is responsible for overseeing the stability of the financial system in Thailand, including regulatory frameworks that govern digital transactions. The recent report reflects its commitment to enhancing security measures against digital fraud, which has become a growing concern in the region. By collaborating with the Poey Ungpakorn Economic Research Institute, the bank aims to implement strategies informed by successful practices from other Asian nations.

Eyes on These Levels

As traders and financial institutions digest the insights from this report, they should monitor developments in regulatory frameworks aimed at enhancing digital security. The focus on collaboration and comprehensive defenses may lead to new policies that affect transaction protocols and user safety. Stakeholders can expect increased vigilance in monitoring fraud trends and adapting to evolving tactics, ensuring a safer financial environment for all.

This article is for informational purposes only and does not constitute financial advice.

Market Pulse

Currently, Solana’s trading volume is not reported, indicating potential low liquidity at this moment. Despite this, the introduction of new rewards may lead to increased user engagement, potentially impacting future trading activity positively. Traders are advised to monitor on-chain metrics for signs of rising interest in the Solana ecosystem.

Solana is a high-performance blockchain platform designed for decentralized applications and crypto projects. By launching the updated Seeker Dashboard, Solana seeks to enhance its competitive edge and foster community engagement through innovative rewards and features. MegaPopGame’s involvement further exemplifies the collaborative efforts within the Solana ecosystem to drive user interaction.

What Comes Next

Traders should keep an eye on user engagement metrics following the Seeker Dashboard launch, as increased participation may signal greater demand for $SOL assets. Additionally, monitoring on-chain activity could reveal trends in user interactions and the impact of the new rewards on Solana’s overall network performance. The broader crypto market’s mixed signals may affect how quickly these changes translate into significant price movements.

The information provided is based on current announcements and projections, subject to change.

The exchange stated that Bitcoin needs to proactively respond to potential cryptographic risks that may arise from quantum computers in the future.

At this point, an article titled “Working Together on Bitcoin’s Post-Quantum Readiness” written by Coinbase analyst Shashank Agrawal emphasized that Bitcoin’s transition to post-quantum security cannot be solved simply by choosing a new digital signature algorithm. The exchange added that many factors need to be considered together, including block space constraints, full node verification capacity, institutional asset custody requirements, compatibility with retail wallets, and how to handle non-transferable funds.

According to the company, developers, researchers, and other stakeholders in the crypto ecosystem need to work in coordination to protect the network against future threats.

At this point, Coinbase stressed that the transition could take years and that preparations needed to be completed before any quantum computing threat became a reality.

Coinbase also stated that the future of Bitcoins whose keys are lost or cannot be transferred by their owners, and which are held in old addresses, also needs to be addressed.

*This is not investment advice.

Conversely, stronger-than-expected inflation data could increase pressure on the Fed to maintain tighter monetary policy and strengthen the likelihood of a rate hike at the October 28 meeting. In such a scenario, rising US bond yields and the dollar could create short-term selling pressure on Bitcoin.

At this point, the probability of a rate hike in October is priced at 21.6%, while the probability of keeping it unchanged is priced at 78.4%, while the US September inflation data, which the Fed closely monitors when making its interest rate decisions, has been released.

Here are the US inflation figures that have been released:

Consumer Price Index Annual: Announced 3.7% – Expected 3.6% – Previous 3.4%

Consumer Price Index Monthly: Announced 0.6% – Expectation 0.6% – Previous 0.4%

Core Consumer Price Index Annual: Announced 2.6% – Expected 2.5% – Previous 2.4%

Core Consumer Price Index Monthly: Announced 0.3% – Expectation 0.2% – Previous 0.3%

The consumer price index is a key variable used to measure consumer purchasing trends and changes in US inflation.

Bitcoin’s Initial Reaction After the CPI Data!

*This is not investment advice.

U.S. inflation sped up more than expected in September, perhaps putting multiple Federal Reserve rate hikes back into play.

The September Consumer Price Index rose 0.6%, according to a Wednesday morning report from the Bureau of Labor Statistics. That’s up from 0.4% in August, and in line with economist forecasts for 0.6%.

On a year-over-year basis, however, CPI rose 3.7% versus 3.4% in August and above estimates for 3.6%.

Core CPI — which strips out food and energy costs — also disappointed, rising 0.3% in September. That was the same pace as August, but above consensus forecasts for 0.2%.

Year-over-year core CPI was higher by 2.6% versus 2.4% the previous month and above estimates for 2.5%.

Bitcoin BTC$83,212.45 dropped $1,000 on the news, now trading at $82,800. The 10-year Treasury yield has shot higher by 6.5 basis points to 5.284%. U.S. stock index futures are all lower, the Nasdaq 100 leading with a 0.65% decline.

William’s comments came as he reaffirmed his view that the US Federal Reserve may need to raise interest rates once more this year as it seeks to lower inflation.

“I haven’t changed my view that it may be appropriate to have one more rate hike.”

However, Williams said “we’ll have to see” about 2027, saying “I don’t think at this time I have any reason to believe that we would need to do more.”

Meanwhile, Williams said he expects AI investment to stay strong even with higher rates.

“I think investors there are relatively price insensitive,” he said. “They feel that this is a huge, going to lead to huge productivity gains, huge transformative changes in our economy, and I think that happens not completely invariant to interest rates, but I don’t expect monetary policy to be really having a deep effect on that.”

Related: Anthropic strikes $9B compute deal with Bitcoin miner Riot: Report

An AI equipment supply shortage could have an impact on Bitcoin miners expanding into the sector, as they compete for chips and power equipment.

IREN signed $2.8 billion in new AI cloud contracts in July, while Cointelegraph reported on Monday that miners pursuing AI projects already face substantial financing requirements and increasingly selective lenders.

Magazine: Capital starting to rotate back to crypto from AI: Raoul Pal

Bitmine’s Ethereum obsession

Besides accumulating, the company is also aggressively staking Ethereum to earn passive income. As per its latest update, Bitmine has staked approximately 5.07 million $ETH, worth $12.9 billion, through its own validator network, MAVAN, and staking partners.

At a reported annualized yield of 2.61%, Bitmine estimates that fully staking its holdings could generate around $400 million annually. However, concerns remain as staking returns can fluctuate, and staked $ETH may face liquidity constraints.

Beyond this, Bitmine has also issued preferred stock, BMNP, offering a stated 9.5% annual dividend rate. This is another funding mechanism.

Is Bitmine’s roadmap rocky or smooth?

As Bitmine touched multiple milestones, Chairman Tom Lee noted,

We believe Bitmine is positioned to outperform the crypto bull market that we expect to be coming, as the company has strengthened its competitive position over the past year in the midst of a crypto winter (bear market).

This statement came within days of Lee predicting that $ETH could hit $5,000 by year-end.

However, with BMNR trading at $23.83 following a drop of 0.83% at press time, there may still be cause for caution.

Ethereum’s on-chain metrics raise red flags

At the time of writing, $ETH was trading at $2,500.71 after falling by 1.5% in 24 hours.

On the contrary, CryptoQuant’s data suggested that its network activity and development have remained resilient lately. Despite significant price volatility.

For example, $ETH fell from above $4,500 to nearly $1,500, before recovering to around $2,500. And yet, daily active addresses have generally maintained a baseline of roughly 330,000–500,000.

Meanwhile, the number of smart contracts has increased from approximately 60 million in January 2026 to over 72 million by October 2026.

Still, if the price action continues to give in to the sellers, it would be difficult for on-chain metrics to pull up the bullish narrative for Ethereum.

Final Summary

• The largest Ethereum DAT has accumulated about 4.9% of Ethereum’s total circulating supply.
• Bitmine has so far staked approximately 5.07 million $ETH, worth $12.9 billion.