Coinbase downgraded at Morgan Stanely; price target slashed 53% on weak earnings outlook

CryptoKeyhole’s October 1–30 series imply more ETH counted as active stake while the wider consensus balance shrank. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

▶ Bitcoin Magazine Bitwise’s André Dragosch: Bitcoin’s “Fair Value” of $197,000 André Dragosch details Bitcoin as a liquidity canary, its $197K model fair value, Fed policy shifts, recession risks, and capital rotation from precious metals. This post Bitwise’s André Dragosch: Bitcoin’s “Fair Value” of $197,000 first appeared on Bitcoin Magazine and is written by Mark Mason.

▶ Bitcoin Magazine Adam Back: Pension Funds Are Bitcoin’s “Third Wave” of Adoption Adam Back explains why Bitcoin’s third wave—pensions, managed funds, and model portfolios—is still to come, and how Swiss banks are already preparing. This post Adam Back: Pension Funds Are Bitcoin’s “Third Wave” of Adoption first appeared on Bitcoin Magazine and is written by Mark Mason.

Last week's purchase was smaller than many of the previous ones.