A coalition of fintech, crypto and retail industry trade groups is urging the US Consumer Financial Protection Bureau (CFPB) to adopt a robust open banking rule that safeguards consumers’ control over their financial data.
The letter shared with Cointelegraph was signed by leading crypto advocacy groups — including the Blockchain Association and the Crypto Council for Innovation — alongside fintech and industry organizations such as the Financial Technology Association, American Fintech Council and others representing retailers and small businesses.
The letter responds to the CFPB’s review of the Personal Financial Data Rights Rule under Section 1033 of the Dodd-Frank Act, which will define how consumers share their financial data with third-party services.
The coalition said it supports clear consumer data rights and urged the CFPB to finalize an open banking rule that affirms Americans own their financial data, not big banks. The groups said consumers should be free to share that data with any authorized third party, not just fiduciaries.
The group also pressed the CFPB to preserve the current ban on data access fees, saying the rule must uphold a free and competitive market and that the prohibition is already clearly established in law.
Open banking was first proposed in the US during the administration of former President Joe Biden in 2022 and finalized on Oct. 22, 2024.
The framework allows consumers to securely share financial data with third-party apps through APIs (application programming interfaces), forming a critical bridge between traditional finance and sectors such as decentralized finance (DeFi) platforms, crypto on-ramps, and digital banking tools.
The letter claims that open banking is relied upon by “over 100 million Americans” to access tools like investment platforms, crypto wallets, and digital payment apps to manage their finances and run businesses.
“Yet these rights are under attack,” the letter says. “The nation’s largest banks want to roll back open banking, weaken consumer financial data sharing, and crush competition to protect their position in the marketplace.
While open banking already exists in the European Union, the UK, Brazil and several other countries, there has been pushback against the rule in the US from major banks.
The same day the rule was finalized in Oct. 2024, the Bank Policy Institute, a trade group representing major banks like Wells Fargo, Bank of America and JPMorgan Chase, sued to block it, arguing that it posed security risks and unfairly burdened incumbents.
On July 11, a Bloomberg report revealed that JPMorgan intended to begin charging fintech companies for access to their customers’ banking data.
Crypto industry steps up pressure on Washington
Tuesday’s letter builds on an earlier appeal the coalition sent to US President Donald Trump on July 23, accusing US banks of stifling innovation by suing to delay open banking reforms and introducing data-access fees for fintech and crypto platforms.
On Aug. 14, more than 80 executives from the crypto and fintech sectors signed a letter calling on the President to prevent banks from imposing fees on companies that access customer financial data.
On Monday, Gemini co-founder Tyler Winklevoss wrote on X: “Banks want to gut the Open Banking Rule (1033) so they can tax and control your financial data and remove your freedom to choose the services you want. This is bad for crypto and financial innovation in America.”
Tomorrow is the last day to submit a comment letter to the CFPB regarding its proposed open banking rule.
ChatGPT can analyze crypto news headlines and generate actionable trade signals, helping traders make faster and more informed decisions.
Well-crafted prompts are essential — the more specific your instructions, the more accurate and useful ChatGPT’s responses will be.
News-based signals work best when combined with broader market context, like Bitcoin trends or altcoin momentum, for a complete trading picture.
AI is a tool, not a guarantee — always verify its insights with other research, charts and risk management practices before executing trades.
The cryptocurrency market moves fast, and staying ahead of the curve can feel overwhelming — especially for beginners. News plays a huge role in driving crypto prices, but how do you sift through the noise and turn it into actionable trade signals?
Enter ChatGPT, a powerful AI tool that can help you analyze crypto news and spot opportunities. This guide will walk you through how to use ChatGPT (or similar AI tools like Grok) to transform crypto news into trade signals, step by step.
However, note that the examples used in this article are simplified and brief, intended purely for illustration purposes — executing AI-generated crypto trades in the real world requires deeper analysis, broader data inputs and thorough risk management.
What are trade signals?
Before you dive in, let’s clarify what a trade signal is. A trade signal is a suggestion to buy or sell a cryptocurrency based on specific information — like price trends, market sentiment or breaking news.
For example, if a coin’s price drops due to increased supply, it might be a “buy” signal if you think it’s undervalued — or a “sell” if you expect it to fall further. The goal here is to use ChatGPT to help you identify these signals from the news.
Now, let’s dive into how you can use ChatGPT to turn crypto news into potential trade signals.
Step 1: Gather crypto news
To get started, you need some crypto news to analyze. Here’s how to find it:
Websites: Check crypto media websites of your choice.
Social media: Platforms like X are goldmines for real-time crypto updates — search hashtags like #Bitcoin, #Ethereum, #CryptoNews or any specific project you’re tracking.
News aggregators: Use tools like Google News or Feedly with keywords like “cryptocurrency” or “blockchain.”
“Pi Network price nears all-time lows as supply pressure mounts.”
Step 2: Open ChatGPT
If you’re using ChatGPT, head to the OpenAI website and log in. Then, type your questions or prompts into the chat interface.
Step 3: Craft a simple prompt
A “prompt” is just a clear instruction you give the AI. For beginners, keep it simple and specific. Tell ChatGPT what news you have and what you want it to do. Below is an example based on the above-selected headline:
Prompt and ChatGPT’s response
Prompt: “I read this news: ‘Pi Network price nears all-time lows as supply pressure mounts.’ Can you analyze this and tell me if it’s a buy or sell signal for Pi Network? Explain why (in brief).”
The image below shows a ChatGPT 4o response analyzing this piece of news. It suggests a sell signal, citing the 126.6 million PI token unlock (1.87% supply increase) as a bearish factor likely to push the $0.65 price lower due to weak demand. Limited exchange listings (e.g., not on Binance) and bearish technicals like the relative strength index (RSI) in oversold territory reinforce this.
However, buy confidence is noted for long-term investors, as the all-time low might indicate an oversold condition, hinting at a potential rebound. It also advises caution and further research.
Step 4: Ask follow-up questions
The first response might not cover everything, as seen above. Dig deeper with follow-ups like:
The ChatGPT 4o response to the follow-up prompt No. 1 lists the risks of buying Pi Network at its all-time low ($0.65), as shown in the above image. It highlights token unlocks increasing supply and downward pressure, ongoing bearish momentum with no reversal signs, low liquidity due to absence from major exchanges like Binance, limited real-world utility and adoption, a centralized structure raising concerns, and speculative nature, as success hinges on uncertain future developments. This reinforces a cautious approach.
ChatGPT 4o’s response to follow-up prompt No. 2 explains that token unlocks, like mining rewards, increase supply, often causing sharp price drops. For instance, the April 2025 unlock of 126.6 million PI tokens led to a 77% decline from February highs as demand lagged. This recurring pattern of price falls due to oversupply reinforces the bearish signal for Pi Network.
Step 5: Combine news with market context
News doesn’t exist in a vacuum. You could ask ChatGPT to factor in broader market trends. For example:
Prompt:
“Given this Pi Network news, how should I trade if Bitcoin is booming? Keep your answer brief.”
ChatGPT 4o’s response to the above prompt advises against buying Pi Network (PI) despite Bitcoin’s (BTC) rise. It suggests avoiding PI due to its weak momentum and oversupply, recommending a focus on stronger assets like Bitcoin or altcoins benefiting from the market uptrend. It also advises waiting for PI demand or exchange listings to improve and using stop-losses if attempting to buy the dip, emphasizing capital protection.
Step 6: Test and refine
AI isn’t perfect — it’s a tool, not a crystal ball. Test its suggestions with small trades or paper trading (simulated trades without real money). Over time, tweak your prompts to get better results. For example:
Caution: Limitations to be aware of
The example in this article is based on one news headline and a few prompts. In the real world, successful trading requires analyzing multiple news sources, market trends and technical indicators. Relying on a single news item or prompt can lead to incomplete insights, so always cross-check and diversify your research.
Did you know? In 2024, cryptocurrency scams generated a record-breaking $12.4 billion, with over 83% of the fraud tied to high-yield investment schemes and AI-driven “pig butchering” scams, according to Chainalysis — highlighting how artificial intelligence is now fueling the next wave of crypto crime.
Risks of using ChatGPT-powered crypto trading insights
Crypto trading with AI bots and tools like ChatGPT can be powerful, but it’s not without risks. Understanding these pitfalls can help you trade more safely.
Market volatility: Crypto prices can swing wildly, and bots may not react well to sudden crashes or pumps.
Overreliance on AI: ChatGPT’s signals are based on its interpretation of news, which might miss broader market trends or technical factors.
Technical issues:Bot platforms can face downtime, bugs or API connection errors, potentially leading to missed trades or losses.
Limited news scope: Relying solely on one news headline (like the Pi Network example) could lead to incomplete analysis.
Security risks: If API keys are compromised, your funds could be at risk. Always enable two-factor authentication (2FA) on your exchange.
Tips for success
A few best practices can help you get the most out of ChatGPT-powered trading insights while minimizing risks.
Be specific: Vague prompts like “What’s a good trade?” won’t help. Include the news and crypto you’re focused on.
Cross-check: Use ChatGPT’s analysis as a starting point, then verify with price charts or other traders’ opinions on X.
Stay updated: Crypto moves fast. Feed the AI the latest news for fresh signals.
Manage risk: Never trade more than you can afford to lose — AI can guide you, but it’s not foolproof.
Start small: Test your bot with a small amount of capital to understand how it performs with ChatGPT’s signals.
Diversify signals: Use ChatGPT to analyze multiple news sources, not just one, for a well-rounded strategy.
Stay informed: Regularly check market trends and news to ensure ChatGPT’s signals align with the bigger picture.
Ready to try a new headline?
Now that you’ve seen how to turn crypto news into trade signals using ChatGPT, it’s time to put it into action! Pick a fresh headline and follow the steps above.
With practice, you’ll get better at spotting opportunities and making informed trades. However, keep in mind that ChatGPT is not a financial adviser — always assess your own risk tolerance before acting on AI-generated insights.
Safe trading!
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin and most major altcoins have bounced off their support levels, indicating solid demand at lower levels.
Buyers may find it difficult to sustain the recovery, as the bears are expected to sell on rallies.
Bitcoin (BTC) made a strong comeback on Monday, rising above $111,000. Traders turned bullish after US President Donald Trump confirmed a summit with Chinese President Xi Jinping on Oct. 31. That raised hopes of a possible trade deal between the US and China.
Despite the recent correction, several institutional investors remain positive on BTC. An institutional investor survey of 124 respondents by Coinbase found that 67% of the investors were positive on BTC over the next three to six months. However, 45% of the institutions believe that markets are in the late stages of the bull run.
In addition to BTC, analysts are bullish on select altcoins. Renowned technical analyst John Bollinger said in a post on X that Ether (ETH) and Solana (SOL) are showing potential W bottoms in Bollinger Band terms, but BTC was yet to form one. He added that it was “time to pay attention soon.”
Could BTC and altcoins build upon the recovery, or will higher levels attract sellers? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index price prediction
Buyers halted the pullback of the S&P 500 Index (SPX) at the 50-day simple moving average (SMA) (6,570), indicating buying on dips.
The bulls will strive to push the price above the all-time high of 6,764, clearing the path for the resumption of the uptrend. If they manage to do that, the index could march toward the psychological resistance at 7,000.
This optimistic view will be negated in the near term if the price turns down sharply and plummets below the 50-day SMA. The index could then start a deeper correction to 6,350 and subsequently to 6,200.
US Dollar Index price prediction
The US Dollar Index (DXY) is witnessing a tough battle between the bulls and the bears at the downtrend line.
Sellers pulled the price below the downtrend line on Wednesday, but the bulls arrested the fall at the 50-day SMA (98.03). Buyers are again attempting to drive the price above the downtrend line. If they succeed, the index could rise to the 100.50 level.
Instead, if the price continues lower and breaks below the 50-day SMA, it suggests that the markets rejected the breakout above the downtrend line. The index risks falling to 97.46 and then to 97.19.
Bitcoin price prediction
Failure of the bears to sustain the price below the $107,000 support attracted strong buying by the bulls.
The Bitcoin price could reach the moving averages, where the bears are expected to mount a strong defense. If buyers overcome the barrier, it suggests that the correction may be over. The BTC/USDT pair will then attempt a rally to the all-time high of $126,199.
Sellers will have to fiercely defend the moving averages and swiftly yank the price below the $107,000 support to retain the advantage. Such a move increases the risk of a break below the $100,000 support.
Ether price prediction
ETH rebounded off the support line on Friday, indicating that the bulls are trying to keep the price inside the descending channel pattern.
Sellers will try to halt the relief rally at the moving averages, but if the bulls prevail, the ETH/USDT pair could rally to the resistance line. Buyers will have to drive the Ether price above the resistance line to signal the start of a new up move. There is resistance at $4,957, but it is likely to be crossed.
Time is running out for the bears. They will have to swiftly pull the price below the support line to accelerate selling. The pair could then plummet to the solid support at $3,354.
BNB price prediction
BNB (BNB) turned up from the 50-day SMA ($1,032) on Friday, signaling that the bulls are active at lower levels.
There is resistance at the 20-day exponential moving average (EMA) ($1,135), but if the level is crossed, the BNB/USDT pair could rise to the 50% Fibonacci retracement level of $1,198. The bulls will gain the upper hand if they push the BNB price above the 61.8% retracement level of $1,239. That opens the doors for a retest of the all-time high at $1,375.
This positive view will be invalidated in the near term if the price turns down and breaks below the $1,021 support. That suggests the pair may have topped out in the short term.
XRP price prediction
XRP (XRP) fell below the $2.30 support on Friday, but the long tail on the candlestick shows solid buying at lower levels.
The relief rally could face resistance in the zone between the 20-day EMA ($2.57) and the breakdown level of $2.69. If the price turns down from the overhead zone, the bears will attempt to pull the XRP/USDT pair to $1.90.
On the contrary, a close above $2.69 suggests that the bulls are back in the game. The up move is expected to pick up momentum after buyers propel the XRP price above the downtrend line. The pair may climb to $3.20 and then to $3.38.
Solana price prediction
SOL bounced off the support line of the descending channel pattern on Friday, signaling demand at lower levels.
The recovery could face selling at the 20-day EMA ($201), which is sloping down. If the price turns down sharply from the 20-day EMA, the bears will again try to sink the SOL/USDT pair below the support line. If they can pull it off, the Solana price risks slumping to $155.
Contrarily, a break and close above the 20-day EMA signals that the selling pressure is reducing. The pair could rally to the resistance line, where the bears are expected to step in. Buyers will be back in the driver’s seat on a close above the resistance line. The pair may then ascend to $238 and later to $260.
The downsloping 20-day EMA ($0.21) and the RSI in the negative territory indicate advantage to bears. If the price turns down sharply from the 20-day EMA, the sellers will attempt to drag the DOGE/USDT pair to the bottom of the range at $0.14.
On the contrary, if buyers thrust the price above the 20-day EMA, it suggests that the bulls are trying to make a comeback. The Dogecoin price could then rally to the $0.29 to $0.31 resistance zone.
Cardano price prediction
Cardano (ADA) slipped below the $0.61 support on Friday, but the bears could not sustain the lower levels.
The ADA/USDT pair has started a recovery that is expected to face selling at the 20-day EMA ($0.72) and then at the breakdown level of $0.75. If the price turns down from the overhead resistance, the bears will attempt to sink the pair below $0.60. If they succeed, the Cardano price could descend to $0.50.
The first sign of strength will be a break and close above the 50-day SMA ($0.80). The pair may then rise to the downtrend line, which is a critical level for the bears to defend. If the sellers fail in their endeavor, the pair could surge toward $1.02.
Hyperliquid price prediction
Hyperliquid (HYPE) fell below the $35.50 support on Friday, but the long tail on the candlestick shows solid buying at lower levels.
The HYPE/USDT pair could reach the 20-day EMA ($41.13), which is a vital near-term resistance to watch out for. If buyers push the price above the 20-day EMA, the pair could rally to the 50-day SMA ($46.77) and later to $51.
Contrary to this assumption, if the price turns down sharply from the 20-day EMA, it suggests that the sentiment remains negative. The bears will then try to sink the Hyperliquid price to $30.50.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
BlackRock launched a Bitcoin-linked exchange-traded product (ETP) in the United Kingdom following the Financial Conduct Authority’s (FCA) decision to ease restrictions on crypto investment vehicles.
On Monday, the asset manager’s website showed that the iShares Bitcoin ETP had been listed on the London Stock Exchange. According to the Sunday Times, the product, which is structured as a Bitcoin-linked security, will allow investors to buy fractions of Bitcoin (BTC) through units starting at about $11.
The ETP is designed to mirror BTC prices while trading within a regulated framework, allowing investors to participate in the crypto market through traditional brokerage accounts. It allows UK-based retail investors to gain exposure to Bitcoin without directly holding the asset or trading it on crypto exchanges.
BlackRock is one of the most successful issuers of Bitcoin-linked ETPs. According to SoSoValue, the company’s iShares Bitcoin exchange-traded fund (ETF) has net assets of over $85 billion.
iShares Bitcoin ETP listings include the London Stock Exchange. Source: BlackRock
UK FCA eases stance on crypto-linked investment vehicles
The move came weeks after the UK softened its stance on certain crypto-linked ETPs. On Oct. 9, the FCA lifted its four-year ban on crypto exchange-traded notes (ETNs). The regulator said investors can access these products through FCA-approved exchanges based in the UK.
David Geale, FCA executive director of payments and digital finance, said that since they restricted retail ETN access, the market has evolved. He said that products are now more mainstream and better understood.
A crypto ETN is traded similarly to other securities, with its underlying assets held securely by regulated custodians.
While it softened its stance on ETPs, the regulator said its retail ban on crypto asset derivatives will remain. However, the FCA added that it will keep an eye on the market and consider its approach to these “high-risk investments.”
On Oct. 14, the regulator said the move aimed to drive innovation and growth in asset management. The regulator recognized that tokenization has the “potential to drive fundamental changes in asset management.”
Coinbase and Robinhood were among several major platforms distressed by an Amazon Web Services (AWS) data center outage on Monday, underscoring the risks of relying on centralized cloud providers for critical financial infrastructure.
Coinbase, the third-largest centralized cryptocurrency exchange (CEX) by trading volume, was hit by an AWS data center outage, which reported “increased error rates and latencies” for multiple AWS Services in the Northern Virginia region.
The AWS disruption crashed Coinbase’s mobile application, with multiple users reporting issues logging in, placing orders and withdrawing funds. The Base app was also disrupted.
AWS Service health. Source: Health.aws.amazon
“We can confirm global services and features that rely on US-EAST-1 have also recovered. We continue to work towards full resolution and will provide updates as we have more information to share,” wrote AWS in a Monday update, about three hours after the outage was first reported.
“We’re seeing early signs of recovery, with some users being able to access and use Coinbase services now,” Coinbase wrote in a Monday X post, adding that the “team is still working on this issue with top priority.”
Coinbase Status Report. Source: status.coinbase.com
While no other crypto exchanges reported outages, multiple users on the stock trading platform Robinhood also reported trading execution delays and Application Programming Interface (API) issues.
“Amazon down, Robinhood down, Reddit down, McDonald’s down, Fortnite down,” wrote crypto trader Kushy in a Monday X post.
The crash comes six months after a previous AWS outage impacted trading services on at least eight crypto exchanges, including Binance, KuCoin, MEXC Coinstore, Gate.io, DeBank, Rabby Wallet and Weex, Cointelegraph reported in April.
Amazon cited “connectivity issues” as the reason behind April’s outage, which affected at least 12 of its services.
Amazon AWS outage highlights need for decentralized cloud infrastructure
AWS provides cloud infrastructure for centralized exchanges that can handle high transaction volumes with low latency in trading orders. It is used by some of the biggest exchanges, including Binance, Coinbase, BitMEX, Huobi, Crypto.com and Kraken.
The latest outage has renewed calls to develop decentralized alternatives that eliminate single points of failure.
Layer-1 blockchain Vanar Chain has been building blockchain-based cloud infrastructure aimed at reducing this reliance. Two weeks after the April AWS outage, Vanar launched Neutron, an AI-native blockchain layer offering data compression ratios of up to 500:1. The system allows users to store files fully onchain without third-party dependence, according to Vanar CEO Jawad Ashraf.
“This unlocks entirely new possibilities: from simply storing a file fully on-chain without relying on third parties, to querying and verifying the actual information inside the file,” Ashraf told Cointelegraph.
The Internet Computer protocol is another blockchain-based alternative, offering decentralized computing, storage and hosting across global nodes. Other Web3-based infrastructure providers include Filecoin for data storage, Akash Network for decentralized computing and Render Network for GPU-based compute services.
Bitcoin surged above $111,000 on Monday, driven by improving macro conditions and a potential US-China trade deal.
Technical analysis shows bull flags targeting $186,000-$192,000 BTC price in the weeks ahead.
Bitcoin (BTC) rose back above $111,000 at the start of the European trading session on Monday as improving macroeconomic conditions sparked renewed investor confidence.
Bitcoin price topped $111,430, rising 4% over the last 24 hours and up 7.6% above Friday’s low of $103,530, according to data from Cointelegraph Markets Pro and TradingView.
Other top-cap cryptocurrencies took cues from Bitcoin, with Ether (ETH) rising 4.6% to reclaim the key $4,000 level.
XRP (XRP), Solana (SOL), BNB (BNB) and Dogecoin (DOGE) rose 3% to 5% over the past 24 hours. The global crypto market capitalization was up 4.6% to $3.78 trillion.
24-hour performance of top-cap cryptocurrencies. Source: Coin360
The latest rebound in Bitcoin has been driven by improving macroeconomic conditions, with US President Donald Trump confirming a summit with China’s Xi Jinping on Oct. 31.
The de-escalation of tensions and growing chances of a trade deal between the US and China are positive price catalysts for cryptocurrencies.
Meanwhile, market participants are pricing in a 99% chance of a 25-basis-point rate cut at the Oct. 28-29 FOMC meeting, according to the CME Group FedWatch tool, which would lower rates to 3.75%-4%.
Target rate possibilities at the Oct. 29 FOMC meeting. Source: CME Group FedWatch tool
The first is a larger bull flag that formed between September 2023 and October 2024, as shown in the chart below. The flag, which was validated during the 2024 US election rally and is still in play at the time of writing. This flag has a measured target of $192,000.
The second bull flag formed between September 2024 and December 2024 and has a target of $186,000.
The third one is a smaller flag and has been in formation since March this year. It will be confirmed once the price breaks above the upper boundary of the flag at $115,000. Such a move would open the door for a rally toward the measured target at $192,000, coinciding with the targets above.
A similar, albeit more bullish, outlook was shared by analyst Mags, who said Bitcoin could continue rising within an ascending channel on the weekly chart, peaking within the $250,00-$290,000 area.
BTC/USD weekly chart. Source: Mags
Fellow analyst Aksel Kibar has a more conservative target for Bitcoin, saying that an inverse head-and-shoulders pattern was still in play with a measured target of $141,300.
As Cointelegraph reported, Bitcoin’s weekly close above $108,000 is a clear sign that the bulls are ready to resume the uptrend with the key support level reclaimed.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Lido DAO trades at $0.92 with solid 6.8% daily gains, though LDO price remains below critical 20-day MA at $1.04 as technical indicators show mixed signals for the liquid staking protocol.
Quick Take
• LDO trading at $0.92 (up 6.8% in 24h)
• Technical recovery in progress despite absence of major catalysts
• Price testing pivot point at $0.90 with neutral RSI conditions
• Bitcoin correlation remains positive as crypto markets advance
Market Events Driving Lido DAO Price Movement
Trading on technical factors in the absence of major catalysts, Lido DAO has posted solid gains today despite no significant news events in the past 48 hours. The LDO price movement appears driven primarily by technical positioning as the token attempts to establish support above the $0.90 pivot level.
The lack of fundamental catalysts has put focus squarely on chart patterns and momentum indicators. With Bitcoin posting gains today, Lido DAO has benefited from the broader crypto market uplift, though it continues to face resistance from overhead moving averages that have capped recent rallies.
Market participants appear to be positioning for potential volatility ahead, with today’s $14.8 million in Binance spot volume representing healthy interest despite the sideways price action over recent weeks.
LDO Technical Analysis: Mixed Signals at Critical Juncture
Price Action Context
The LDO price currently sits below all major moving averages except the 200-day SMA at $0.99, indicating continued technical headwinds. Most notably, the 20-day SMA at $1.04 represents immediate resistance, while the 50-day SMA at $1.13 marks a more significant barrier for any sustained recovery.
Today’s 6.8% advance has helped Lido DAO climb above its 7-day moving average of $0.91, suggesting short-term momentum may be building. The token is following Bitcoin’s positive trajectory today, maintaining correlation with the broader crypto market despite liquid staking sector-specific challenges.
Volume of $14.8 million on Binance spot represents adequate liquidity, though institutional interest indicators remain muted compared to peak activity levels seen earlier this year.
Key Technical Indicators
The RSI reading of 42.29 places Lido DAO in neutral territory, providing room for upward movement without immediately entering overbought conditions. This positioning suggests the recent decline may have worked off excess momentum.
However, the MACD remains in bearish territory at -0.0779, with the histogram at -0.0088 indicating continued negative momentum despite today’s gains. The Stochastic indicators show %K at 66.97 and %D at 63.53, suggesting potential for near-term consolidation.
The Bollinger Bands positioning shows LDO at 0.3156 relative to the bands, indicating the price remains in the lower half of its recent trading range, with the upper band at $1.36 representing significant resistance.
Critical Price Levels for Lido DAO Traders
Immediate Levels (24-48 hours)
• Resistance: $1.04 (20-day moving average and key psychological level)
• Support: $0.90 (current pivot point and technical floor)
Breakout/Breakdown Scenarios
A break below $0.90 support could trigger a test of the stronger support zone near $0.23, which would represent a significant technical breakdown. Conversely, clearing the $1.04 resistance level would target the next major hurdle at $1.13, where the 50-day moving average resides.
The 52-week range of $0.63 to $1.87 provides broader context, with the current price sitting roughly in the middle of this established trading range.
LDO Correlation Analysis
• Bitcoin: LDO is following Bitcoin’s positive momentum today, maintaining typical correlation patterns seen across DeFi tokens
• Traditional markets: Limited direct correlation visible, though broader risk sentiment appears supportive
• Sector peers: Outperforming some liquid staking competitors on technical positioning alone
Trading Outlook: Lido DAO Near-Term Prospects
Bullish Case
A sustained break above $1.04 resistance, accompanied by increasing volume, could signal the start of a more meaningful recovery toward the $1.13-$1.20 zone. Bitcoin strength and improving crypto market sentiment provide favorable backdrop conditions.
Bearish Case
Failure to hold the $0.90 pivot point risks triggering algorithmic selling toward the $0.72 lower Bollinger Band. The negative MACD reading suggests underlying momentum remains fragile despite today’s gains.
Risk Management
Conservative traders should consider stops below $0.88 to limit downside exposure, while position sizing should account for the elevated ATR of $0.13, indicating continued volatility in LDO price action. The current technical setup favors smaller position sizes until clearer directional momentum emerges.
Chinese technology giants, including Ant Group and JD.com, have reportedly suspended plans to issue stablecoins in Hong Kong after regulators in Beijing voiced concerns over privately controlled digital currencies.
The companies were instructed by the People’s Bank of China (PBoC) and the Cyberspace Administration of China (CAC) to pause these initiatives, the Financial Times reported on Sunday, citing sources familiar with the matter.
“The real regulatory concern is, who has the ultimate right of coinage — the central bank or any private companies on the market?” one source familiar with the discussions told the FT.
Both companies had expressed interest earlier this year in joining Hong Kong’s pilot stablecoin program or launching tokenized financial products such as digital bonds.
Hong Kong began accepting applications for stablecoin issuers in August. Mainland officials had initially viewed the program as an opportunity to promote renminbi-pegged stablecoins and expand the yuan’s international footprint.
However, the momentum soon slowed down as Ye Zhiheng, executive director of the intermediaries division at the Hong Kong Securities and Futures Commission (SFC), warned that the city’s new stablecoin regulatory framework has heightened the risk of fraud.
People’s Bank of China Headquarter, Beijing. Source: Wikimedia
Ye’s remarks followed stablecoin companies operating in Hong Kong posting double-digit losses on Aug. 1, just after the new stablecoin regulation came into force.
Last month, Chinese financial outlet Caixin reported that Beijing had restricted Hong Kong’s stablecoin activity. However, the report was removed shortly after publication, casting doubt on its claims.
Last month, China’s securities watchdog also reportedly instructed several local brokerages to pause their real-world asset (RWA) tokenization activities in Hong Kong, signaling Beijing’s growing unease with the rapid expansion of offshore digital asset ventures.
The move came as tokenization gains momentum in the country. Last week, CMB International Asset Management (CMBI), a Hong Kong-based subsidiary of a major Chinese commercial bank, China Merchants Bank (CMB), tokenized its $3.8 billion money market fund (MMF) on BNB Chain.
Japan’s Financial Services Agency (FSA) is reportedly preparing to review regulations that could allow banks to acquire and hold cryptocurrencies such as Bitcoin for investment purposes.
The move would mark a major policy shift, as current supervisory guidelines, revised in 2020, effectively ban banks from holding crypto due to volatility risks, according to a Sunday report from Livedoor News.
Per the report, the FSA plans to discuss the reform at an upcoming meeting of the Financial Services Council, an advisory body to the Prime Minister. The initiative aims to align crypto asset management with traditional financial products like stocks and government bonds.
Regulators are expected to explore a framework for managing crypto-related risks, such as sharp price swings that could impact a bank’s financial health. If approved, the FSA will likely impose capital and risk-management requirements before permitting banks to hold digital assets.
Japan may let banks operate licensed crypto exchanges
The FSA is also considering allowing bank groups to register as licensed “cryptocurrency exchange operators,” enabling them to offer trading and custody services directly.
Japan’s crypto market continues to grow rapidly, with more than 12 million crypto accounts registered as of February 2025, about 3.5 times higher than five years ago, according to FSA data.
At the start of September, the FSA sought to place crypto regulation under the Financial Instruments and Exchange Act (FIEA), shifting it from the Payments Services Act to strengthen investor protection and align crypto with securities laws.
The regulator said that many issues within crypto resemble those traditionally addressed under the FIEA, so it may be appropriate to apply similar mechanisms and enforcement.
Three of Japan’s largest banks, including Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Banking Corp. (SMBC) and Mizuho Bank, have joined forces to issue a yen-pegged stablecoin aimed at streamlining corporate settlements and reducing transaction costs.
Roman Storm, a developer of the Tornado Cash privacy-preserving protocol, asked the open source software community whether they are concerned with being retroactively prosecuted by the US Department of Justice for developing decentralized finance (DeFi) platforms.
Storm asked DeFi developers: “How can you be so sure you won’t be charged by the DOJ as a money service business for building a non-custodial protocol?”
The DOJ could prosecute a case, arguing that any decentralized, non-custodial service should have been developed as a custodial service, as it did in the case against him, Storm added, citing his recent motion for acquittal, which was filed on September 30.
“Our company does not have any ability to affect any change, or take any action, with respect to the Tornado Cash protocol — it is a decentralized software protocol that no one entity or actor can control,” Storm is quoted as saying in the acquittal documents.
Storm was convicted in August on one of three counts; the jury found him guilty of conspiracy to operate an unlicensed money transmission business, setting a dangerous legal precedent for open source software developers and sending shockwaves through the crypto community.
The Jury was gridlocked during deliberations and failed to come to a unanimous consensus on those counts, finding Storm guilty on just the unlicensed money transmitter charge.
“If the Trump administration wants the USA to be the crypto capital of the world, then the DOJ must not be allowed to retry the two deadlocked charges,” Jake Chervinsky, chief legal officer at venture capital firm Variant Fund, wrote on X at the time.
DOJ official Matthew Galeotti addresses the audience at the American Innovation Project summit. Source: American Innovation Project
Matthew Galeotti, the acting assistant attorney general for the DOJ’s criminal division, signaled in August that the DOJ would not initiate a retrial of Storm and would not prosecute similar cases.
“Our view is that merely writing code, without ill intent, is not a crime,” Galeotti told the audience at the American Innovation Project Summit, an event for regulatory advocacy and pro-crypto legislation in the US.
“The department will not use indictments as a law-making tool. The department should not leave innovators guessing as to what could lead to criminal prosecution,” he added.
