Key Takeaways Bitcoin’s price is struggling to find its footing near $81,200 after a sharp retreat, with the $80,000 level emerging as the next major test for buyers. Asian stocks took a beating, led by steep losses in South Korea and Japan, as inflation worries and technology-sector selling rattled global markets. Bitcoin’s short-term technical indicators […]
Key Takeaways U.S. producer prices rose 6.3% annually in September, the highest rate since December 2022. The BLS reported a 20.3% monthly increase in producer gasoline prices as energy costs accelerated. Polymarket traders assigned 72% odds to the Fed holding rates steady at its October meeting. U.S. Wholesale Inflation Hits 6.3% as Fed Rate Bets […]
Key Takeaways Mastercard’s new platform connects stablecoin balances to hundreds of millions of merchant locations. BVNK and Mastercard combine fiat accounts, stablecoin conversion and global payouts through one API. Mastercard Move reaches over 17 billion endpoints, with expanded currency coverage planned for 2027. Mastercard Opens Hundreds of Millions of Merchants to Stablecoin Spending A stablecoin […]
Key Takeaways The U.S. became a net bitcoin importer for the first time since 2022, driven by transfers exceeding $10 million. Americans favor bitcoin as a store of value, while the rest of the world uses dollar-pegged stablecoins to access dollars. Bitcoin inflows depend on market conditions, but stablecoins help extend the dollar’s global influence. […]
Key Takeaways Tether reportedly paid approximately $6.3 million to Nxum, a consulting firm partly owned by Bo Hines. Bo Hines helped advance the GENIUS Act before joining Tether as an adviser and later U.S. CEO. Nxum denies improper involvement, while the Journal’s findings raise questions about potential conflicts. Tether’s $6.3 Million Consulting Deal Raises Questions […]
This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The Blue Owl Capital-owned company appointed lead arrangers, underwriters and bookrunners this week for the five-year facility, Bloomberg reported on Thursday, citing a person […]
Key Takeaways CZ roasted the absence of criminal charges following Bank of America’s $1.21 billion penalty. The Treasury found Bank of America failed to timely report more than $5 billion in suspicious transactions. Bank of America must review missed transactions and strengthen its compliance controls. CZ Takes Swipe at Bank of America After $1.21 Billion […]
Key Takeaways Security firm Blockaid identified an $86,000 exploit against UNCX’s shared Ethereum vesting pool on Oct. 14. Exvul security researchers traced the UNCX vulnerability to faulty share accounting that exposed deposits from 5 tokens. UNCX restricted new vesting positions as questions persisted over $3.25 million remaining in the pool. How an $86,000 Exploit Turned […]
Key Takeaways Analyst projects bitcoin beyond $175,000 over the next few quarters. Miners’ AI expansion may ease selling pressure, the analyst argues. The GENIUS Act is expected to take effect Jan. 18, 2027. $175K Bitcoin Outlook Linked to Institutional Ownership Broader ownership and access to capital have strengthened bitcoin’s resilience since the crypto lending failures […]
Key Takeaways Bitcoin treasury firm Strive acquired another 2,822 BTC for $235 million, lifting its corporate treasury to 35,595 bitcoin. Strive overtook MARA by just 18 BTC, becoming the fourth-largest publicly traded bitcoin treasury. Strive reported $369.2 million in expected warrant proceeds as it pursues further bitcoin acquisitions. Strive Adds 6,133 Bitcoin in Days, Claims […]