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The post Bitcoin Price Gets A Fresh Treasury Buyback Test appeared first on Coinpedia Fintech News The Bitcoin price could get an interesting liquidity test tomorrow as the U.S. Treasury Department plans to buy back up...
Block gave one ComplexCon attendee 1 BTC, worth $85,000 at the time, through Cash App’s Lightning Lake game in Los Angeles. The promotion formed part of Jack Dorsey’s broader effort to make bitcoin usable in everyday payments.
Bitcoin Magazine has published an analysis of Bitcoin’s potential quantum exposure at block 950,000. The report examines supply vulnerability and the logistical challenges of changing the network, while the available material provides no specific at-risk total or proposed upgrade.
Bitcoin has gained 84.2% since the January 2024 spot ETF launch window even as 10-year Treasury yields climbed near 5.3%. However, daily data show only weak relationships between Bitcoin returns and nominal or real yield changes.
Russia’s largest bank, Sberbank, says the Bank of Russia has approved it to provide bitcoin custody and digital-asset transfer services. The bank describes itself as the country’s first authorized institution for bitcoin custody.
Bitcoin dropped below $83,000 as Brent crude moved above $102, mortgage rates reached a nearly three-year high and markets reassessed the prospect of further Federal Reserve rate hikes. Nearly $178 million in leveraged bitcoin long positions were closed during the selloff.
Armada Acquisition Corp. II, the SPAC merging with XRP treasury company Evernorth, fell 50.3% to $19.20 on Oct. 6. Evernorth delayed its expected Nasdaq debut to around Oct. 12, while investors await final redemption figures and the combined company’s share structure.
Robinhood plans to allocate $25 million of its own capital to Bitcoin, a move that gives the brokerage direct crypto exposure after earlier debates over whether a corporate treasury holding would benefit shareholders.
Polymarket’s Protocol V2 will leave existing Conditional Tokens Framework bets in place instead of moving them automatically. Users need no technical migration, but trading integrations must support both legacy CTF holdings and new PositionManager balances, permissions and order formats.
GSR is committing $100 million, largely through a credit facility, to Hare, a new onchain vault business being built with Turtle. Hare will initially offer Aave-based yield products for dollar stablecoins and Paxos’ tokenized gold assets.
Polymarket CEO Shayne Coplan said the race to find the next 100x cryptocurrency token resembles irrational exuberance, as traders attempt to sell before prices collapse. He contrasted that speculation with prediction markets, where participants trade contracts tied to future events and defined probabilities.
Robinhood has added about $25 million, or roughly 294 Bitcoin, to its corporate balance sheet. The purchase is the fintech’s first proprietary BTC holding and signals closer alignment with the cryptocurrency ecosystem, although its size is modest relative to Robinhood’s roughly $100 billion market capitalization.
Rain has applied for an OCC charter to create a New York national trust bank for digital-asset custody, stablecoin reserves, and token issuance and redemptions. The proposed institution would not take deposits or make loans, and its application still faces regulatory review and public comment.
Ledger has launched Crypto Loan, a self-custodial feature allowing eligible users to borrow USDC or USDT against wrapped Bitcoin through its wallet app. The Morpho-powered service keeps key transaction approvals on Ledger hardware while exposing users to collateral-liquidation risks.
Cardano’s ADA has gained about 42% since Sept. 16, but open interest has expanded faster than the network’s stablecoin base. With ADA below the $0.28 breakout area, traders are watching whether fresh liquidity supports the rally or leveraged longs become exposed.
The post XRP Price Drops to $1.47: Why Is XRP Down Today? appeared first on Coinpedia Fintech News XRP price is holding near $1.47 after falling 2.60% over the past 24 hours as a sharp Bitcoin-led sell-off pressured the...
Russia has registered its first cryptocurrency exchange operators and digital custodians under rules that took effect Sept. 1. Sberbank is among the custodians and plans to launch Bitcoin, Ether and USDt products on Dec. 1, while crypto payments remain prohibited.
