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Oil Rallies After Overnight Strikes in Iran as Bitcoin Holds Near $78,000
Crude oil is surging after overnight military strikes in Iran, CoinDesk reported, while Bitcoin trades near $78,000. The update also says Strategy bought BTC for the first time since late June.
Crude Oil Surges After Iran Strikes as Bitcoin Eyes 25% August Gain
Crude oil prices surged after overnight military strikes in Iran, while Donald Trump again proclaimed victory. CoinDesk also reported that Bitcoin was approaching a 25% August gain, its strongest monthly performance since November 2024.
Former White House Teleprompter Operator Fined Over Prediction-Market Trading
Former White House teleprompter operator Gabriel Perez was fined after using advance access to Donald Trump’s speeches to trade presidential mention prediction-market contracts, earning more than $107,500 before the CFTC intervened.
Strategy’s Bitcoin Holdings Show $2.8 Billion Gain as Saylor Hints at Possible Purchase
Bitcoin’s rally to around $79,000 lifted Strategy’s 840,447 BTC holdings roughly $2.8 billion above cost. Michael Saylor’s “We’re Back” post prompted speculation that the company could resume buying, though no purchase was confirmed.
Stablecoins Support US Short-Term Debt Funding, but Leave $28B Long-Bond Gap
Stablecoin reserves under GENIUS cover debt maturing within 93 days, while the US Treasury expands liquidity buybacks for 10- to 30-year debt. CryptoSlate reports the short-term funding channel cannot resolve a $28 billion long-bond problem.
BitGo Shifts Focus as NYDIG Prioritizes Power and Compute Expansion
BitGo is paying roughly $42.5 million upfront for institutional trading capabilities while NYDIG prioritizes a claimed power-and-compute footprint of more than 3 gigawatts. CryptoSlate said profitability remains unproven for both strategies.
Treasury Proposal Would Require US Exchanges to Audit Foreign Stablecoins or Delist Them
A proposed Treasury change to the GENIUS framework would require US exchanges to conduct reasonable diligence before relying on foreign stablecoin issuers, with noncompliant platforms potentially facing delisting obligations. Comments remain open through Oct. 19.
US Treasury’s $739B Borrowing Plan May Draw Liquidity From Crypto
The US Treasury plans to borrow $739 billion from July through September while buying back some older bonds. CryptoSlate says the new debt issuance could absorb liquidity before the impact of buybacks reaches Bitcoin and other risk assets.
Bitcoin Knots Plans Another Conditional Fork Attempt After Earlier Chain Halted
Bitcoin Knots is preparing another conditional Bitcoin fork attempt after its previous chain halted after two blocks. CryptoSlate says activation settings, day-one hash disclosure, service policies, and universal replay protection remain unresolved.
Sanders Calls for Law to Halt Flock’s AI Surveillance Expansion
Vermont Senator Bernie Sanders said he plans to pursue legislation targeting Flock’s network of more than 120,000 AI cameras, warning that the system is pushing the United States toward a “surveillance state.”
BPI study points to preference for control and micro-investing among everyday Americans
A BPI study cited by CoinDesk suggests everyday Americans may respond more to bitcoin’s personal-control and micro-investing features than to broader “digital gold” or world-changing narratives.
AI Agents May Need a New Digital Currency for Machine-to-Machine Payments
Crypto executives agree AI agents will need to transact with one another, but they disagree on the solution. CoinDesk reports the eventual machine-payment currency could be a stablecoin—or an asset that has not yet been invented.