BULLS DEFEND $103K: U.S. CRYPTO DEVELOPMENTS STRENGTHEN BITCOIN PRICE CONFIDENCE

Bitcoin is holding steady around the $103,000 level as key developments in the U.S. crypto sector influence market sentiment. Bitwise has launched the first U.S. Solana ETF, attracting an impressive $420 million in inflows despite the ongoing SEC shutdown. Meanwhile, SoFi Bank made headlines by becoming the first U.S. bank to offer direct Bitcoin trading to its 12.6 million users.

However, global uncertainty continues to weigh on risk assets. China’s recent hacking accusations against the United States have added a layer of geopolitical tension to an already fragile market environment.

Bitwise Launches First U.S. Solana ETF Despite SEC Shutdown

Bitwise Asset Management has made history with the launch of the first-ever spot Solana ETF (ticker: BSOL) on the New York Stock Exchange. Debuting on October 28, the fund marks a major milestone as the first U.S. ETF focused on an altcoin, highlighting growing institutional interest in Solana (SOL).

Despite the ongoing SEC shutdown, investor demand was strong, with the ETF attracting $420 million in inflows during its first week. The new product offers investors a regulated and convenient way to gain exposure to Solana, currently the sixth-largest cryptocurrency by market capitalization.

SoFi Becomes First U.S. Bank to Offer Bitcoin Trading

SoFi Technologies (NASDAQ: SOFI) has made history by becoming the first national bank in the United States to allow customers to buy, sell, and hold Bitcoin directly within their bank accounts. This new feature, part of the SoFi Crypto platform, will be rolled out to 12.6 million users by the end of 2025.

CEO Anthony Noto described the development as a “pivotal moment when banking meets crypto,” emphasizing that SoFi aims to provide a secure and fully regulated entry point for consumers exploring digital assets. The move aligns with recent OCC and FDIC guidelines introduced under President Trump’s deregulatory agenda, which allow banks to participate in cryptocurrency trading and custody.

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Unlike traditional exchanges, SoFi offers FDIC-insured accounts and robust compliance oversight, making it particularly appealing to cautious investors. The company also plans to expand further into blockchain finance by introducing crypto-backed lending services and a stablecoin, signaling stronger confidence in Bitcoin’s growing role within mainstream banking.

China Accuses U.S. of Role in Major Bitcoin Hack

China’s National Computer Virus Emergency Response Center (CVERC) has accused the United States of being involved in one of the largest Bitcoin thefts in history — the 2020 hack of the LuBian mining pool, which resulted in the loss of 127,000 BTC.

According to Beijing, the breach was part of a coordinated cyber operation allegedly linked to U.S. intelligence agencies. Investigators claim the stolen Bitcoin, worth billions of dollars, has been traced through multiple wallets and crypto mixers.

The allegations come amid escalating U.S.–China tensions over technology and cybersecurity, with both nations intensifying oversight of blockchain networks and digital finance security. Analysts warn that such accusations could heighten geopolitical risk sentiment in the global crypto market.

Bitcoin Holds $103K as Bulls Defend Key Support Zone

Bitcoin (BTC/USD) continues to trade near $103,300, consolidating after last week’s high of around $107,500. On the 4-hour chart, BTC appears to be forming a rising wedge pattern, which often suggests potential short-term corrections following strong rallies. The latest rejection near the wedge top coincided with a bearish engulfing candle, signaling possible profit-taking among traders.

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Despite mild selling pressure, Bitcoin remains above the 20-EMA, reflecting ongoing bullish sentiment. The RSI at 45 suggests neutral momentum, leaving room for a potential rebound if buying volume increases near current levels. Immediate support zones are seen at $101,400 and $99,200, both of which previously acted as strong demand areas.

Bitcoin Hyper: The Next Evolution of BTC on Solana?

Bitcoin Hyper ($HYPER) is positioning itself as the next major evolution in the Bitcoin ecosystem. While Bitcoin (BTC) remains unmatched in security and trust, Bitcoin Hyper introduces what it has long lacked—Solana-level speed and efficiency.

As the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), Bitcoin Hyper blends Bitcoin’s stability with Solana’s high-performance technology. The result is a network that supports lightning-fast, low-cost smart contracts, decentralized apps (dApps), and even meme coin creation, all secured by Bitcoin’s base layer.

Audited by Consult, the project places a strong focus on trust, transparency, and scalability. Investor interest is already growing rapidly—the presale has exceeded $26.8 million, with tokens currently priced at $0.013255 ahead of the next tier.

With Bitcoin network activity rising and developers seeking faster, more efficient solutions, Bitcoin Hyper could become the bridge between Bitcoin and Solana, uniting two of crypto’s most powerful ecosystems. If Bitcoin built the foundation, Bitcoin Hyper aims to make it faster, more flexible, and ready for the next generation of blockchain innovation.