Odaily星球日报讯 美 SEC 宣布延长对 Bitwise 现货比特币与以太币 ETF 实物赎回提案的审议期限。若获批准，投资者将可直接赎回 BTC 或 ETH 资产。该提案目前在纽交所 Arca 待审，SEC 表示需更多时间评估相关规则变更及潜在问题。实物赎回方式可能影响税务处理。（Cointelegraph）

Odaily星球日报讯 美 SEC 宣布延长对 Bitwise 现货比特币与以太币 ETF 实物赎回提案的审议期限。若获批准，投资者将可直接赎回 BTC 或 ETH 资产。该提案目前在纽交所 Arca 待审，SEC 表示需更多时间评估相关规则变更及潜在问题。实物赎回方式可能影响税务处理。（Cointelegraph）

美SEC推迟裁决Bitwise加密ETF实物赎回申请

<Odaily> Planet Daily News: The U.S. SEC announced an extension of the review period for Bitwise's spot BTC and ETH ETF physical redemption proposal. If approved, investors will be able to directly redeem BTC or ETH assets. The proposal is currently pending review at NYSE Arca, with the SEC stating they need more time to assess related rule changes and potential issues. The physical redemption method may impact tax treatment. (Cointelegraph)

US SEC delays ruling on Bitwise crypto ETF physical redemption application

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

Messari released "The Crypto Theses 2026," a report that predicts future trends in public blockchains, DeFi, AI, DePIN, and TradFi. From Messari's perspective, 2026 will be a pivotal year for cryptocurrencies, marking a shift from "speculative" to "system-level integration."

Author: Messari
Compiled/Translated by: ODIG Invest
Messari Releases "The Crypto Theses 2026"...