Bank Indonesia (BI), Indonesia’s central bank, is moving ahead with plans to issue what it describes as its “national stablecoin version,” a digital currency backed by government bonds (SBN). The initiative was unveiled by central bank Governor Perry Warjiyo during the Indonesia Digital Finance and Economy Festival and Fintech Summit 2025 in Jakarta on Thursday,…
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Opinion by: Nic Puckrin, founder of CoinBureau The largest liquidation event in the history of the crypto market, which wiped out at least $19 billion in long positions after US President Donald Trump announced punitive tariffs on China late on Oct. 10, exposed an ugly side of this nascent market: its vulnerability to insider trading.…
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Key takeaways: Bitcoin ETFs saw $839 million in inflows while gold ETFs lost $4.1 billion. Historical patterns suggest an 8.3% gold rebound ahead. BTC is holding strong above a technical support, eyeing $150,000 by year’s end. Gold’s shine is fading fast, just as its “digital” rival, Bitcoin (BTC), recovers lost ground. Just a week after…
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US-listed spot Bitcoin exchange-traded funds (ETFs) shed $470 million on Wednesday as the price of Bitcoin briefly fell to $108,000 before recovering, according to data from Farside Investors. Fidelity’s FBTC led the exodus with $164 million, followed by ARK Invest’s ARKB, which saw a pullback of $143 million. BlackRock’s IBIT rounded out the top three…
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The European Central Bank is reportedly aiming to launch its digital euro in 2029, provided a legal framework can be hammered out. Officials working on the central bank digital currency will continue to lay the groundwork after the current preparation phase concludes this month, Bloomberg reported on Wednesday, citing people familiar with the matter. ECB…
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US President Donald Trump and Chinese Communist Party leader Xi Jinping have met face-to-face in South Korea to stabilize relations and resolve tariff tensions. Before the bilateral meeting, Trump indicated that the parties are showing signs of alignment, stating: “We’ve already agreed to a lot of things and we will agree to some more right…
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Innovate NY, a self-described “pro-digital assets” political organization funded with about $100,000 ahead of the New York City mayoral election, has backed independent candidate and former state Governor Andrew Cuomo. In a Tuesday notice, Innovate NY endorsed Cuomo for mayor, the race for which is already in the middle of early voting. The political group…
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US prosecutors are pushing back against efforts to introduce crypto policy arguments in the case of two brothers accused of exploiting Ethereum using maximal extractable value (MEV) bots. In a Tuesday filing in the US District Court for the Southern District of New York, US prosecutors opposed an amicus curiae — a brief filed by…
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The Federal Reserve Open Market Committee (FOMC) announced a 25 basis point interest rate cut on Wednesday, bringing the target Federal Funds rate down to 3.75%-4%. Wednesday’s rate cut was “fully priced in” by investors, who widely anticipated the decision, according to Matt Mena, a market analyst at investment company 21Shares. Mena also forecast: “November…
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Some members of Solana’s Chinese community have reportedly expressed concerns that attendees were denied entry to a blockchain event as the country continues its crackdown on digital assets. According to a Wednesday report from the South China Morning Post, the Solana Accelerate APAC series event being held in Shenzhen on Tuesday was cut short amid…
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