Bitcoin has tended to move in the opposite direction when retail investor optimism or pessimism on social media reaches extremes, according to analytics firm Santiment. Santiment said bullish Bitcoin calls surged across social media platforms including X, Reddit and Telegram on Sept. 20, but the price later fell. By contrast, after bearish expectations peaked on Oct. 15, Bitcoin rebounded, Santiment said. The firm added that tracking points when investor sentiment reaches extremes through social media data as a daily contrarian indicator could help identify potential market opportunities. Source: Coinness

Tesla did not sell any Bitcoin in the third quarter and continued to hold 11,509 BTC, according to the WatcherGuru X account. The holdings are currently valued at about $972 million. Tesla had said when it reported second-quarter 2022 results that it converted $936 million worth of BTC into cash. Since then, it has maintained the same holdings for about four years. Source: Coinness

The three major U.S. stock indices closed higher today. - S&P 500: +0.59% - Nasdaq: +1.05% - Dow Jones: +0.69% Source: Coinness

Alex Gluchowski, CEO of zkSync developer Matter Labs, said the main reason banks have struggled with blockchain is not the technology itself but system-level issues, Crypto Briefing reported. Gluchowski said banks have spent years experimenting with blockchain, but very few efforts have led to products real customers use, citing operational problems such as issuance controls, transfer processing methods, audit requirements, and compliance workflows. Source: Coinness

A Colombia-based cryptocurrency broker has been sentenced to 160 months in prison on charges tied to laundering drug trafficking proceeds through Tether (USDT) and participating in a plan to smuggle cocaine into the United States, The Block reported, citing the U.S. Department of Justice. According to the U.S. Department of Justice, the individual and five accomplices helped launder about $14.5 million in USDT from May through November 2023 using cryptocurrency accounts, shell companies, and fund transfers between the United States and Colombia. The court also ordered the forfeiture of $14.75…

Coinbase has launched a dashboard for the U.S. midterm elections. The feature is available only within the Coinbase app in the United States, excluding Michigan and Nevada. Source: Coinness

Perpetual futures exchange Lighter plans to apply next month for a derivatives license from the U.S. Commodity Futures Trading Commission, according to Crypto Briefing. Lighter founder Vladimir Novakovski said the company had spent about a year in talks with regulators to prepare the filing. According to CoinMarketCap, LIT was trading at $3.94, up 23.75%. Source: Coinness

The U.S. SEC has disclosed three companies that expressed interest in operating tokenized securities exchanges under a new innovation exemption framework, according to Crypto in America podcast host Eleanor Terrett. The companies are TSV LLC, founded by the co-founders of Obsidian Systems; OKXICE, a joint venture between OKX and Intercontinental Exchange, the parent of the New York Stock Exchange; and Kephas, the U.S. subsidiary of Perpetuals.com. In its notice, the SEC stressed that inclusion on the list alone does not mean a company meets the requirements of the innovation exemption…

Pump.fun transferred 129,800 SOL worth about $14.06 million from its fee wallet to Kraken, Onchain Lens reported. The transfer was likely intended for a sale, according to the source. Source: Coinness

Open interest in Bitcoin, Ethereum and Solana derivatives is rising as crypto prices rebound, according to analytics firm Santiment. Santiment said current open interest stands at about $23.4 billion for Bitcoin, $15.5 billion for Ethereum and $2.7 billion for Solana. The firm said the increase points to stronger market participation and risk appetite, while warning that a sharp price reversal could raise the risk of cascading liquidations. According to the report, Ethereum has posted the most sustained increase since August, while Solana has seen greater volatility. Bitcoin open interest remains…

Crypto analyst Ali Martinez said the recent rebound in BTC, XRP and ADA prices coincided with a sharp increase in on-chain activity, raising the possibility of deliberate market intervention by large investors. According to Finbold, Martinez said in a report that BTC rose from about $81,200 to $83,407 over the past two days, while exchange inflows surged from about 7,682 BTC to 25,124 BTC. Martinez added that XRP and ADA showed the same pattern, which suggests large investors are influencing short-term price moves. Source: Coinness