Sept 28: Bitcoin Is Stuck Between $82K and $87K

Bitcoin is trading around $83,300 as leverage continues to come out of the market, leaving the $82,000 to $87,000 range as the key structure to watch. Solana ETFs, meanwhile, recorded their strongest week yet with roughly $188 million in net inflows, led by approximately $128 million into Bitwise's fund. Franklin Templeton is also bringing tokenized money-market assets into Bybit's collateral system, allowing eligible users to access trading credit while the underlying assets remain in regulated custody and continue earning yield.The bigger discussion is the SEC's new staff guidance on crypto token buybacks. For functional networks, the Division of Corporation Finance says an issuer's buyback of a non-security token does not by itself create the managerial promise necessary to make that token part of an investment contract. That raises a broader issue for token holders: owning a token associated with a company does not necessarily give you the ownership rights or legal protections of owning that company's stock. California is also restricting meme coins involving public officials, the Bitget hacker continues moving stolen XRP, Vitalik Buterin is outlining a more proof-driven and privacy-focused future for Ethereum, and Bitcoin researchers continue working on migration strategies for a future quantum threat.Happy HODLing Hosted on Acast. See acast.com/privacy for more information.