Here’s what happened in crypto today
Today in crypto, a Bitcoin analyst is not convinced that Bitcoin will peak at the end of this year, US regulators are exploring a shift to 24/7 capital markets and new rules for crypto derivatives. Meanwhile, Sora Ventures unveiled a $1 billion Bitcoin treasury fund.Bitcoin traders tipping Q4 price top do 'not understand statistics’ — AnalystTraders who predict Bitcoin will reach its cycle-high price by the end of this year may be misunderstanding the principles of statistics, a Bitcoin analyst says.It comes as several analysts have been forecasting the outcome for Bitcoin in recent times.“Anyone who thinks Bitcoin has to peak in Q4 of this year does not understand statistics or probability,” PlanC said in an X post on Friday.“From a statistical and probability standpoint, it is equivalent to flipping a coin and getting tails three times in a row, then betting all your money that the fourth flip MUST BE tails,” PlanC said, explaining that relying on the three previous halving cycles doesn’t provide enough statistically significant data.US regulators release joint statement teasing 24/7 capital marketsThe US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) released a joint statement on Friday exploring a possible shift to 24/7 capital markets and regulations for crypto derivatives.Scaling onchain finance requires a 24/7 trading environment across asset classes, the regulators said in the statement.Crafting regulatory clarity for event contracts and perpetual futures — futures contracts without an expiry date — was also a priority. However, the agencies clarified:“Further expanding trading hours could better align US markets with the evolving reality of a global, always-on economy. Expanding trading hours may be more viable in some asset classes than others, so there may not be a one-size-fits-all approach for all products.”The potential pivot to “always-on” financial markets would increase capital velocity but also increase risk for traders, exposing their overnight and long-term positions to market participants in different time zones, who could knock them out of trades while they sleep.Sora Ventures announces $1B Bitcoin treasury fundSora Ventures, a crypto venture capital firm, has launched a $1 billion Bitcoin treasury fund with the goal of acquiring the full amount within the next six months. The initiative was unveiled during Taipei Blockchain Week, where founder Jason Fang introduced the project as a landmark step in integrating Bitcoin into broader financial markets.Fang described the fund as “Asia’s first $1 billion Bitcoin treasury fund,” highlighting its focus on positioning Bitcoin as a strategic asset for regional institutions. The announcement was made during a panel discussion on bringing BTC strategies into major Asian equity markets, signaling the firm’s intent to connect traditional finance with the digital asset space.The fund is being supported by an initial $200 million commitment from institutional partners across Asia. According to Fang, the primary aim is to drive corporate treasury adoption of Bitcoin, helping companies diversify reserves and strengthen exposure to digital assets while expanding the cryptocurrency’s role in mainstream finance.