Michael Saylor Clarifies Strategy's Plan to Sell Bitcoin for Dividends

Uncertainty looms over the crypto market as top assets fluctuate, with predictors on Myriad showing a swing towards bullish territory for Bitcoin and Ethereum. Traders are feeling more optimistic about Bitcoin's potential rise to $120K, while Ethereum's odds of reaching $4,500 have increased.

Revolut has obtained a MiCA license from CySEC, allowing it to offer crypto services across the EEA. The neobank may launch a stablecoin, pending further regulatory steps and compliance with MiCA standards.

Binance founder Changpeng Zhao, also known as "CZ," was pardoned by U.S. President Donald Trump after a plea bargain that led to his resignation and jail time for money laundering violations. The White House confirmed the pardon, citing the Biden Administration's aggressive stance on cryptocurrency.

Solana Company, a U.S.-listed firm, has partnered with staking providers Twinstake and Helius to expand its digital asset treasury operations, holding over 2.2 million SOL worth $396 million. The company shifted focus to become a Solana-focused treasury vehicle after its stock price collapse.

The U.S. crypto market structure is embroiled in a fierce battle between Democrats and Republicans, with both sides vying for control over digital asset regulations. The split is widening, leading to a lack of trust between the two camps.

Ledger has introduced the Ledger Nano Gen5, featuring artist Susan Kare's badges, aiming to redefine its brand beyond a hardware wallet provider. The company is rebranding its products as "signers" to clarify their role in managing crypto assets securely.

WazirX will resume operations on October 24 with zero trading fees after a year of legal hurdles and creditor votes. The exchange plans to issue Recovery Tokens to creditors and has partnered with BitGo for enhanced asset custody.

A whale recently purchased $32 million worth of Ethereum on OKX, while SharpLink and Bitmine Immersion Technologies accumulated significant amounts of ETH. Meanwhile, a whale transferred 515,000 SOL to Binance, signaling a preference for Ethereum over Solana.

Cryptocurrency exchange Cryptomus has been fined a record $126 million (CA$177 million) by Canada's financial intelligence agency for failing to report over 1,000 transactions linked to criminal activity, including child sexual abuse material, fraud, and sanctions evasion. The agency also found deficiencies in Cryptomus' policies and procedures for monitoring and client identification.

Bunni has announced its permanent shutdown due to an $8.4 million hack, citing insurmountable recovery costs. The attack exploited the platform's Liquidity Density Function across two pools, leading to drained funds and the decision to cease operations.