Bitcoin holds near $82,500 as the Iran deal pop fades: Bitcoin is trading around $82,460, up about 0.7% on the day, after briefly topping $83,000 this morning on reports of a US-Iran deal. Bloomberg, citing a diplomat involved in the talks, said reports that a deal is close are untrue. Glassnode says Bitcoin's next big ceiling sits at $87,000 to $87,800, a range it hasn't broken this quarter.
Whales kept piling into Ethereum staking. Two more deposits of 24,544 ETH (about $120M together) went to Ethereum's Beacon Depositor around 11:10 a.m. PT, bringing today's tracked staking deposits to about 136,900 ETH, roughly $335M. Staked ETH has reached a record 43.8 million, about 35.9% of all ETH, per Lookonchain. Separately, 610 BTC (about $50.5M) moved into Coinbase Institutional and 112M USDT landed on Bitfinex.
In fund news, Swiss regulator FINMA approved Switzerland's first spot Bitcoin ETF open to everyday investors, BIT Asset Management's BBIT, which is expected to start trading in November. JPMorgan put a number on Bitcoin for the first time in its long-term outlook: a 10% yearly return in its base case over the next 10 to 15 years, while still calling it speculative. Ether is up about 1.5% near $2,435, TAO leads our coins at about +2.4% near $272, SOL is near $105.80, XRP near $1.32, QNT near $195 and HBAR near $0.083. NEAR is the only one of our coins in the red, down about 0.9%.