Bitcoin is showing signs of stabilizing after weeks of losses. Ethereum developers plan to increase the network’s gas limit, CoinShares withdrew its SEC filing for a staked Solana ETF, and SEC Commissioner Hester Peirce reaffirmed the right to crypto self-custody.
SEC Commissioner Reaffirms Self-Custody and Privacy
SEC Commissioner Hester Peirce said people have the right to hold their own cryptocurrencies and maintain financial privacy. Speaking on The Rollup podcast, she said individuals should not have to rely on third parties to manage their assets.
“Why should I have to be forced to go through someone else to hold my assets? It baffles me that in this country, which is so premised on freedom, that would even be an issue — of course, people can hold their own assets,” Peirce said.
She added that online financial privacy should be standard.
“It has become the presumption that if you want to keep your transactions private, you’re doing something wrong, but it should be exactly the opposite presumption,” she said.
The Digital Asset Market Structure Clarity Act, which includes rules for self-custody, anti-money laundering, and asset classification, has been delayed until 2026, according to Senator Tim Scott.
The delay affects how crypto transactions and privacy rules may be enforced in the United States. Investors seeking to control their own assets face uncertainty as the SEC finalizes regulations.
Bitcoin May Be Forming a Short-Term Bottom
Analyst Mister Crypto said Bitcoin (BTC) may be forming a short-term bottom after recent heavy selling. He noted that the weekly Relative Strength Index (RSI) is approaching 30, a level often seen near market lows.
“We have bottomed out for Bitcoin right here. We have been reaching the 30 level. Boom,” he said.
Mister Crypto also said large traders are opening long positions even as market sentiment remains at extreme fear levels. This pattern has previously preceded short-term rebounds.
The analyst warned this does not guarantee a new bull run. While the setup often signals a temporary reversal, Bitcoin could still see price swings in the near term.
Ethereum Gas Limit Increase Sets a Baseline
Ethereum educator Anthony Sassano said the recent increase in Ethereum’s block gas limit establishes a baseline for the network. The mainnet raised the limit from 45 million to 60 million per block.
“I think that’s the floor, that’s the minimum, I think we can go higher than that,” Sassano said on the Bankless podcast.
Core developers plan to triple the gas limit over the next few years, and some have discussed a possible fivefold increase.
The gas limit controls how much work a block can handle. Raising it allows more transactions while keeping the network efficient. Results remain uncertain, but higher limits could support network growth.
CoinShares Withdraws SEC Filing for Staked Solana ETF
CoinShares withdrew its SEC application for a staked Solana (SOL) ETF on Friday. The filing stated the registration was for a transaction that did not take place. No shares were sold or will be issued under the withdrawn filing.
The first U.S. staked Solana ETF launched in June by REX-Osprey, followed by Bitwise in October. Bitwise recorded $223 million in assets on its first day, about half the total held by REX-Osprey at the time. Despite investor interest, Solana’s price has fallen from over $250 per coin in September.
CoinShares did not comment further. Analysts say interest in staked Solana ETFs exists, but price performance has not matched initial demand.
