Bitcoin snapped a three-year streak of negative summer average returns, but it now enters its worst month, known as “red September.” September carries the dreaded nickname because it has delivered the lowest monthly returns for Bitcoin (BTC), averaging –3.77% across 12 years from 2013. It is also the month China imposed a pair of major…
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Key takeaways: Bitcoin thrives when yields rise on debt and inflation fears, but struggles when central banks tighten aggressively. Today’s bond market stress looks inflation- and debt-driven, suggesting BTC could follow gold’s record run with higher-beta gains. Long-term government bond yields are ripping across the US, Europe, Japan and the UK, even as central banks…
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Regulatory momentum in Washington and crypto exchange-traded funds have pushed the US up two spots into second place for crypto adoption, according to Chainalysis. The US trailed only India, which maintained the top spot for the third year in a row, and contributed to the Asia Pacific region being crowned the fastest-growing between July 2024…
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The Dutch National Bank (DNB) imposed a fine of 2.25 million euros ($2.6 million) on crypto exchange OKX for operating in the country without registering with the regulator. According to a Wednesday DNB announcement, the fine pertains to the period from July 2023 to August 2024, before the introduction of the European Union’s Markets in…
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Euro-denominated Bitcoin company Treasury raised initial funding of 126 million euros ($147 million) through a private round led by Winklevoss Capital and Nakamoto Holdings. According to a Wednesday announcement shared with Cointelegraph, the company used the funds to buy more than 1,000 Bitcoin (BTC) to jumpstart its Bitcoin treasury. Treasury said it aims “to be…
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KuCoin cryptocurrency exchange is aiming to capture 10% of the blockchain mining capacity behind the world’s largest memecoin, the Dogecoin network, through the launch of a new cloud mining platform. KuCoin exchange is launching a platform that offers retail and institutional investors access to verifiable hashrate backed by global mining facilities with 300 megawatts (MW)…
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Key points: Bitcoin manages a daily candle close outside its downtrend for the first time since mid-August. This means that a breakout should be “confirmed,” according to analysis. BTC price expectations vary between traders, with many still expecting new lows. Bitcoin (BTC) has a new reversal signal that could end two weeks of BTC price…
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Spot Bitcoin exchange-traded funds (ETFs) recorded $332.7 million in net inflows on Tuesday, outpacing their Ethereum counterparts, which saw $135.3 million in net outflows, according to data from SoSoValue. Fidelity’s FBTC led the surge, attracting $132.7 million, followed by BlackRock’s IBIT with $72.8 million. Additional inflows were reported across other major issuers, including Grayscale, Ark…
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Digital health and sales development firm CIMG Inc. has raised $55 million in a share sale to expand its crypto treasury, adding to the list of firms raising money for crypto so far this week. CIMG said on Tuesday that it issued 220 million common shares in exchange for 500 Bitcoin (BTC) to expand its…
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The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) issued a joint staff statement on Tuesday announcing a coordinated effort to oversee and enable spot crypto trading in the United States. The agencies clarified that existing law does not prevent regulated US or foreign exchanges, including national securities exchanges (NSEs), designated…
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