Strategy Inc. co-founder and executive chairman Michael Saylor said Monday that the company had a massive $3.9 billion fair value gain on its Bitcoin holdings during the third quarter of the year. On Saturday, Bitcoin (BTC) reached a new all-time high of $125,000 as exchange balances plunged to six-year lows. Saylor’s Strategy, a company known…
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Multinational bank Standard Chartered predicted that more than $1 trillion could exit emerging market banks and flow into stablecoins by 2028 as demand for US dollar-pegged crypto assets accelerates. In a Monday report, Standard Chartered’s Global Research department said that it expects global stablecoin adoption to accelerate as payment networks and other core banking activities…
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Crypto asset manager Grayscale has introduced staking for its exchange-traded products (ETPs), becoming the first US-based crypto fund issuer to offer staking-based passive income opportunities. Grayscale said Monday its Ether (ETH) ETFs — the Grayscale Ethereum Mini Trust ETF (ETH) and Grayscale Ethereum Trust ETF (ETHE) — are now the first US-listed spot crypto funds…
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Cryptocurrency investment products recorded their highest-ever weekly inflows last week, as the US government shutdown fueled a rally in spot crypto markets. Global crypto exchange-traded products (ETPs) recorded $5.95 billion of inflows in the week ending Friday — the largest inflows ever seen — CoinShares reported on Monday. “We believe this was due to a…
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Galaxy Digital, a crypto investment firm founded by former Fortress Investment Group president Michael Novogratz, is launching the GalaxyOne platform, offering exposure to both crypto and traditional finance (TradFi) markets. Galaxy Digital has launched GalaxyOne, a platform combining exposure to yields on fiat cash with trading cryptocurrencies and equities, the company announced on Monday. Targeting…
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Japan’s newly elected prime minister, Sanae Takaichi, may bring fresh political momentum for risk assets, including cryptocurrencies, as her victory drove the country’s benchmark Nikkei index to an all-time high. Japan’s Nikkei index rose 4.75% on Monday to a new all-time high close of 47,734.04, according to TradingView. The rally followed Takaichi’s election on Saturday,…
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Bitcoin (BTC) starts its first full week of “Uptober” fresh from a new all-time high. What lies in store for BTC price action next? Bitcoin snags a new record over the weekend, but traders expect some consolidation before heading toward $150,000. BTC price support retest targets focus on $118,000 and above. Classic bull-market gains may…
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Vietnam’s Ministry of Finance has confirmed that no companies have applied to participate in the country’s five-year digital asset trading pilot despite rising global interest in regulated crypto markets. At a Sunday press briefing, Deputy Minister of Finance Nguyen Duc Chi told local media outlets that the ministry has not yet received any proposals from…
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While billionaire hedge fund manager Warren Buffett has long touted investing in the S&P 500, recent data shows that since 2020, the index has underperformed Bitcoin by around 88%. In an Oct. 5 X post by Phil Rosen, the co-founder of stock market data newsletter Opening Bell Daily, noticed that while the S&P 500 has…
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Investors are turning to safe-haven assets, such as Bitcoin and gold, as the US national debt is nearing a record-breaking $38 trillion. America’s national debt, currently $37.9 trillion, is rising by $69,890 per second — or nearly $4.2 million per minute — over the last year, according to the US Congress Joint Economic Committee’s (JEC)…
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