BTC is up nearly 50% from its June lows, but the bigger story may be what comes next. While returns have diminished across cycles, a move from $100K to $200K could happen faster than the initial road to $100K. Research Analyst Zack Wainwright explores why in the latest Chart Chatter. ⬇️

A new source of BTC demand is emerging. BTC-focused perpetual preferred stocks have accumulated more than 135,000 BTC in just over a year, despite representing only a fraction of the global fixed income market. What could happen if adoption expands? 🔗 Read our latest research: go.fidelity.com/ernlPz

For most of BTC's history, U.S. real rates and BTC moved independently. Now, their relationship is stronger than ever as the correlation between BTC's market cap and 10-year real Treasury rates has risen to its highest level on record. What may be driving the shift? 📊 See our latest analysis: go.fidelity.com/H3DLpk

Where is institutional digital assets adoption headed next? VP of Research @ChrisJKuiper will take the stage at @TheTieIO's The Bridge on Oct. 27, joining leaders across TradFi and digital assets to explore the trends shaping the industry's next chapter. Attending? Get in touch ahead of the event: go.fidelity.com/RlNxNX

📊 BTC's latest signal is bigger than price. The momentum signal has turned positive, with trend and volatility now aligned behind recent price strength. Historically, that combination has been associated with more sustained advances. The key question now: Will capital flows and participation validate the signal?

Following the digital asset market’s Q3 rally, advisors may be seeing renewed client interest in the asset class. Fidelity Crypto for Wealth Managers helps advisors access digital assets within a single ecosystem, backed by the support needed to move forward with confidence. Interested in learning more? Get in touch: go.fidelity.com/hyC3ER

🚨 Live tomorrow at 12:00 p.m. ET: What's moving today's digital asset market? Join Fidelity Digital Assets Research Analysts Max Wadington and Matt Hogan for the next Covering Crypto Livestream as they break down the economic forces shaping digital asset prices and answer your questions live. Can't make it? Register to receive the on-demand replay: go.fidelity.com/nOoQYV

As financial activity continues moving on-chain, the role of stablecoins is evolving. Learn what led to the creation of Fidelity Digital Dollar (FIDD) and how we're preparing for the next stage of digital finance: go.fidelity.com/qlflO1

The latest quantum-related headlines have sparked renewed discussion about the future of digital assets. An important distinction: Building for long-term resilience is different from anticipating near-term disruption. Researchers are already evaluating quantum-resistant cryptography for Bitcoin, including hash-based signature schemes and the trade-offs they may introduce around security, scalability, and usability. ➡️ Our recent research takes a closer look: go.fidelity.com/Hk5gpM

Four events. Three cities. Meet members of our team at: 📍 Digital Assets Week 📍 The Digital Asset Conference 📍 Plan ₿ Forum | @LuganoPlanB 📍 Merge Madrid | @mmerge_io Attending any of these events in Europe? Get in touch: go.fidelity.com/T5iVbE

Happy 15 years, Litecoin! 🎉 Since its initial launch, Litecoin remains one of the longest-running digital asset networks, with nearly 79 million LTC in circulation and a global ecosystem of users, developers, miners, and businesses.

Who decides the future of Bitcoin? Bitcoin has no CEO, board, or central authority. Yet the network continues to evolve. The real answer lies in the relationship between users, nodes, miners, and the economic incentives that shape the network. Read more in our newest research: go.fidelity.com/vcxMa6

As digital asset markets mature, firms are looking beyond storage and asking a deeper question: What does institutional-grade custody actually look like? The answer extends beyond wallet structure. Effective custody infrastructure should balance security, liquidity, privacy, and operational resilience while giving institutions the flexibility to participate in digital assets at scale. At Fidelity Digital Assets, our custody model combines robust key management and risk controls with asset segregation. Assets are distributed across multiple wallets, addresses, key groups, and storage environments, while ownership and entitlements are maintained through rigorous controls. This approach is designed to support: • Privacy by reducing direct linkage between blockchain addresses and client holdings • Risk management through the distribution of assets across multiple wallets and storage environments, avoiding concentration in any single location • Liquidity by maintaining access to assets needed to facilitate trading, transfers, and client activity at any time while the majority of assets remain protected in deep cold storage • Flexible entitlement structures and infrastructure designed to scale to meet the evolving and unique client operational needs Combined with 24x7 on-site security, hardened storage facilities, and multi-person approval requirements, these measures are designed to help eliminate single points of failure while supporting the highest standards of asset protection. As institutions evaluate custody providers, understanding how assets are safeguarded is as essential as understanding where they're held. Interested in learning more about our approach to institutional digital asset custody? Get in touch: go.fidelity.com/HwRoBo

Since 2014, we've been combining deep financial expertise with hands-on digital asset experience. What started as early research has evolved into custody and trading capabilities designed for institutional investors. Get in touch to learn more about Fidelity Digital Assets: go.fidelity.com/rhhgLY

What could Ethereum look like by the end of the decade? The @ethereumfndn’s Strawmap lays out a vision built around five "north stars" aimed at scaling the network for broader adoption. Get an overview of the roadmap, its key upgrades, and what it may mean for investors: go.fidelity.com/E9Xa1t