Bitcoin traded below $84,000 on Oct. 7 as US Treasury yields near 5.3% offered investors a competing interest-bearing alternative. Higher yields can raise the return investors expect to justify speculative crypto exposure. The historical relationship is less straightforward. CryptoSlate’s comparison of 2,435 matched daily changes since January 2017 found weak linear relationships between Bitcoin returns,…
Polygon said businesses can also move the world’s largest stablecoin USDT between TRON and EVM networks without connecting to a wallet provider, bridge or fiat-ramp operator.
Ripple and South Korean brokerage Meritz Securities have signed a strategic partnership to assess Ripple Custody and Ripple’s tokenization infrastructure for the country’s capital markets. The review comes as digital assets move toward formal regulatory recognition in South Korea, while the XRP price slips below $1.50. South Korean financial firm Meritz Securities is partnering with…
Evernorth delayed its Nasdaq debut after shares of the SPAC taking the XRP treasury company public lost half their value. Armada Acquisition Corp. II, which currently trades under the XRPN ticker, closed Tuesday at $19.20, down 50.3% from $38.65 a day earlier, according to data compiled by StockAnalysis. The shares had traded as high as…
Gate rebrands around Gate Money, which combines accounts, asset conversion, savings and card payments as the exchange broadens beyond its trading base.
AI has made it cheap to link wallet addresses to the people behind them, and the permanence of the blockchain means records don’t age out. Michael Zhao of Grayscale Research explains how Zcash’s shielded transactions address this problem, and why close to 29% of all ZEC ever mined now sits in the shielded pool.
Arthur Hayes, the former BitMEX CEO and co-founder of crypto investment firm Maelstrom, told CNBC at the Gamma Prime Investing Conference in Singapore that humanity is “wasting multi-trillion dollars” on AI data centers. His bet is that the overbuilding ends in a crash and a bailout, and that Bitcoin and other crypto absorb the money…
Robinhood is adding $25 million of Bitcoin to its balance sheet after executives previously debated whether corporate crypto holdings would benefit shareholders. Johann Kerbrat, Robinhood’s senior vice president and general manager of crypto and international, announced the allocation Wednesday, saying the brokerage views Bitcoin as a strategic addition to diversify its assets. “We believe firmly…
The National Bank of Kazakhstan said it will study a local currency-linked stablecoin and tokenized real-world assets with Tether.
Bitcoin is trading at $84,300, down 1.61% over 24 hours, after failing to hold above the $87,000–$87,400 resistance zone. Gold has also pulled back, leaving traders to weigh defensive exposure against a possible BTC recovery ahead of the Federal Reserve’s next policy signals. The immediate question is whether the Bitcoin price support holds long enough…