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Bitcoin hovered near $77,000 as a technology-led sell-off hit US stocks and pushed gold to its lowest level in a year. The cryptocurrency was on track for a 7.7% October decline, its weakest monthly performance for that month since 2014, amid wider market pressure and the Binance hack.
A US fusion startup says it has converted mercury into stable gold through nuclear transmutation. The achievement remains microscopic and commercially unproven, but it has revived debate over gold’s scarcity and whether Bitcoin’s fixed 21-million supply could strengthen its digital-gold narrative.
Doomberg says U.S. pressure limiting central banks’ ability to sell Treasuries could strengthen the long-term case for gold and Bitcoin as neutral reserve assets, despite gold’s recent weakness.
Birch Hill has raised $4 million in seed funding to build blockchain infrastructure for U.S. private credit, with plans to eventually securitize apartment, agriculture and energy loans onchain. The round brings the New York startup’s total funding to $6.5 million.
VanEck has launched WBMO, an actively managed ETF combining global stocks, bonds, gold and other real assets with indirect bitcoin exposure. The fund trades on the NYSE, charges a 0.26% net expense ratio and does not hold bitcoin directly.
