Uptober Still on Track After the Crash!

Here's what we've got for you today:

• Crypto Crash Unlikely to Have Derailed ‘Uptober,’ Analysts Say

• Lee and Hayes Stand Firm on $10K Ethereum Forecast

• 48 New Bitcoin Treasuries Popped Up in Just 3 Months: Bitwise

• Sam Bankman-Fried Claims Biden Administration Targeted Him Over GOP Donations

🚂 Crypto Crash Unlikely to Have Derailed ‘Uptober,’ Analysts Say

Crypto stayed resilient after the record liquidation event, and now analysts expect a volatile but ultimately bullish October.

• Despite the largest liquidation in crypto history, analysts like Scott Melker believe the markets are still resilient, and there are no signs of entering a bear market.

• Melker added that, “What happened last week was purely structural. The kind of event that forces everyone to stop, reprice risk, and rethink what’s actually possible (and broken) in this market.”

• Other experts, including HashKey’s Tim Sun, warn that while the market’s long-term outlook is bullish, short-term volatility and cautious sentiment are likely to persist.

📈 Lee and Hayes Stand Firm on $10K Ethereum Forecast

BitMine chair Tom Lee and BitMEX co-founder Arthur Hayes still believe that ETH could reach $10,000 by the end of 2025.

• BitMine chair Tom Lee and BitMEX co-founder Arthur Hayes recently reaffirmed their bullish outlook for Ethereum, and predicted it could hit $10,000 before the end of the year.

• Lee sees the move as a natural breakout after four years of consolidation since Ethereum’s 2021 peak.

• Both analysts suggest the $10,000 level will be a major milestone but not Ethereum’s ultimate top.

📣 48 New Bitcoin Treasuries Popped Up in Just 3 Months: Bitwise

Corporate Bitcoin holdings hit record highs as 172 public companies now own over one million BTC.

• The number of public companies holding Bitcoin surged 38% in Q3, reaching 172 firms, according to Bitwise’s Corporate Bitcoin Adoption report.

• Total corporate Bitcoin holdings now exceed one million BTC, which is valued at around $117 billion.

• Bitwise CEO Hunter Horsley called the growth “absolutely remarkable,” as both individuals and corporations are showing very strong demand for Bitcoin.

💸 Sam Bankman-Fried Claims Biden Administration Targeted Him Over GOP Donations

Sam Bankman-Fried alleged his 2022 arrest was politically motivated, and claimed the Biden administration targeted him after he began supporting Republicans.

• FTX founder Sam Bankman-Fried claimed his 2022 arrest was politically motivated by the Biden administration after he began donating to Republicans.

• In a post on GETTR, he said his arrest came just before a crypto bill vote and the night before his scheduled congressional testimony.

• Bankman-Fried accused SEC Chair Gary Gensler of targeting him for political reasons, echoing earlier Republican concerns that the timing was meant to silence him.

👀 QUICK NEWS

• Binance Claims It 'Does Not Profit' from Its Token Listing Process, Calls Allegations 'False and Defamatory'

• Bitcoin Could See One More Slump Before All-Time Highs: Peter Brandt

• Japan To Slam The Hammer On Crypto Insider Trading — Huge Penalties Incoming

• Coinbase to Increase Investment in One of India’s Largest Crypto Exchanges

• Russia Losing ‘Millions of Dollars a Year to Illegal Crypto Miners’ – Report

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