Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.
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Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.
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Solana Foundation has appointed former Binance chief marketing officer Rachel Conlan as chief strategy officer and former Polygon Labs executive Jamal Raees as general manager of payments, coming on following a flurry of new partnership announcements.Conlan will lead strategy across institutional partnerships, ecosystem growth and efforts to bring businesses onto Solana, the foundation said Thursday. She spent three years at Binance and previously held senior roles at OKX, CAA Sports and Havas.Raees said he would also deepen the foundation’s engagement with major payments companies and focus on infrastructure used by teams building payment services on Solana.“My focus will be on driving greater adoption and usage of stablecoins and tokenized deposits, with an emphasis on global markets,” he said in a statement provided by Solana Foundation.The management changes come as Solana takes on a flurry of new partnerships, including a collaboration with Modern Treasury that will see the San Francisco-based fintech become a payments infrastructure partner in the Foundation’s newly launched Solana Developer Platform.Solana also inked deals earlier this year with Amazon Web Services to support stablecoin payments on the blockchain and expanded existing collaborations with Mastercard and Western Union.Solana is preparing to deploy Alpenglow, a planned network upgrade intended to reduce transaction finality from about 12.8 seconds to roughly 150 milliseconds. The faster finality remains a target for the upgrade.The network has processed more than $5 trillion in stablecoin volume so far in 2026. It also reported more than $4.5 billion in real-world assets on the network and more than $620 million in tokenized equity supply.Related: Era of pure crypto exchanges is ending, Bybit CEO saysCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
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Key pointsBitcoin fell below $84,000 as the US 10-year Treasury yield reached its highest level since 2007.An analyst put the odds of an October Fed hike above 70% as the Treasury prepared a bond buyback of up to $6 billion.Bitcoin has closed September higher for three straight years, while October has averaged a 19.92% gain, per CoinGlass data.Bitcoin fell below $84,000 during Asian trading hours on Thursday, slipping to $83,200 after the US 10-year Treasury yield climbed to its highest level since 2007.The 10-year yield closed Wednesday at 5.11%, up from 4.96% Tuesday, and reached 5.13% intraday. CME attributed the bond selloff partly to stronger US business data and rising oil prices.“BTC has held up well even with surging rates and a strong USD,” James Stanley, senior market analyst for global macro at FOREX.com wrote Wednesday. Stanley identified $82,833 as the next level to watch if the pullback deepens.The US 10-year Treasury yield climbed above 5.1%, reaching its highest level since 2007. Source: TradingViewRising Treasury yields offer investors higher returns on government debt and can raise borrowing costs, potentially weighing on Bitcoin and other risk assets.The US Treasury announced Wednesday a $6 billion ceiling for its Thursday buyback of bonds with roughly 20 to 30 years remaining, part of an expanded program intended to improve liquidity in long-dated debt.Related: Bitcoin ETFs add $347M as BTC falls below $84K after topping $87KFed hike bets test Bitcoin’s $84,000 footingBas Kooijman, CEO and asset manager at DHF Capital, said stronger US business activity and elevated energy prices had increased expectations of further Federal Reserve tightening.“Markets now assign around a 70% probability for a hike in October, up from roughly 55% yesterday, while expectations of additional tightening over the coming months have also increased. This repricing continues to underpin both Treasury yields and the dollar,” Kooijman said in a market analysis shared with Cointelegraph on Thursday.Less than five weeks out from the Oct. 28 meeting of US policymakers, CME Group’s Fedwatch tool shows a 75.3% probability of a hike to 4.00-4.25% Related: Institutions held crypto through 50% drawdown, Bitwise findsAn October hike would raise short-term borrowing costs, potentially raising the cost of dollar-funded leveraged Bitcoin trades.BTC could feel the pressure before any decision if new data pushes yields and the dollar higher.“Resilient labor data or further hawkish signals could extend the rise in yields and support the dollar, while softer figures could prompt traders to scale back expectations of an October move and limit the currency’s gains,” Kooijman said.As “Red September” colors the leaves, Bitcoin stays greenBitcoin traders call the months “Red September” and “Uptober” because of their opposing track records. Bitcoin fell in five straight Septembers from 2017 through 2021, while October finished higher in 10 of the 13 completed years according to data compiled by CoinGlass.September has the lowest average return of any month in its table, at -2.34%. Source: CoinGlassHowever, Bitcoin has not closed September in the red since 2022. It gained in September 2023, 2024 and 2025, and is up 7.35% so far this month.October has averaged a 19.92% increase, second only to November. But “Uptober” failed to deliver last year, when Bitcoin fell 3.69%.Magazine: Winners and losers of the SEC’s new tokenized stocks rules
Čítaj viac Key pointsBitcoin fell below $84,000 as the US 10-year Treasury yield reached its highest level since 2007.An analyst put the odds of an October Fed hike above 70% as the Treasury prepared a bond buyback of up to $6 billion.Bitcoin has closed September higher for three straight years, while October has averaged a 19.92% gain, per CoinGlass data.Bitcoin fell below $84,000 during Asian trading hours on Thursday, slipping to $83,200 after the US 10-year Treasury yield climbed to its highest level since 2007.The 10-year yield closed Wednesday at 5.11%, up from 4.96% Tuesday, and reached 5.13% intraday. CME attributed the bond selloff partly to stronger US business data and rising oil prices.“BTC has held up well even with surging rates and a strong USD,” James Stanley, senior market analyst for global macro at FOREX.com wrote Wednesday. Stanley identified $82,833 as the next level to watch if the pullback deepens.The US 10-year Treasury yield climbed above 5.1%, reaching its highest level since 2007. Source: TradingViewRising Treasury yields offer investors higher returns on government debt and can raise borrowing costs, potentially weighing on Bitcoin and other risk assets.The US Treasury announced Wednesday a $6 billion ceiling for its Thursday buyback of bonds with roughly 20 to 30 years remaining, part of an expanded program intended to improve liquidity in long-dated debt.Related: Bitcoin ETFs add $347M as BTC falls below $84K after topping $87KFed hike bets test Bitcoin’s $84,000 footingBas Kooijman, CEO and asset manager at DHF Capital, said stronger US business activity and elevated energy prices had increased expectations of further Federal Reserve tightening.“Markets now assign around a 70% probability for a hike in October, up from roughly 55% yesterday, while expectations of additional tightening over the coming months have also increased. This repricing continues to underpin both Treasury yields and the dollar,” Kooijman said in a market analysis shared with Cointelegraph on Thursday.Less than five weeks out from the Oct. 28 meeting of US policymakers, CME Group’s Fedwatch tool shows a 75.3% probability of a hike to 4.00-4.25% Related: Institutions held crypto through 50% drawdown, Bitwise findsAn October hike would raise short-term borrowing costs, potentially raising the cost of dollar-funded leveraged Bitcoin trades.BTC could feel the pressure before any decision if new data pushes yields and the dollar higher.“Resilient labor data or further hawkish signals could extend the rise in yields and support the dollar, while softer figures could prompt traders to scale back expectations of an October move and limit the currency’s gains,” Kooijman said.As “Red September” colors the leaves, Bitcoin stays greenBitcoin traders call the months “Red September” and “Uptober” because of their opposing track records. Bitcoin fell in five straight Septembers from 2017 through 2021, while October finished higher in 10 of the 13 completed years according to data compiled by CoinGlass.September has the lowest average return of any month in its table, at -2.34%. Source: CoinGlassHowever, Bitcoin has not closed September in the red since 2022. It gained in September 2023, 2024 and 2025, and is up 7.35% so far this month.October has averaged a 19.92% increase, second only to November. But “Uptober” failed to deliver last year, when Bitcoin fell 3.69%.Magazine: Winners and losers of the SEC’s new tokenized stocks rules
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