Bitcoin bulls defended the $107,000 level, but the net outflows from the spot Bitcoin ETFs increase the risk of a breakdown in the near term. Key points: For the first time in seven years, Bitcoin is at risk of ending October in the red. Several altcoins have dropped to their crucial support levels, indicating selling on rallies. Read more
Bitcoin bulls defended the $107,000 level, but the net outflows from the spot Bitcoin ETFs increase the risk of a breakdown in the near term. Key points: For the first time in seven years, Bitcoin is at risk of ending October in the red. Several altcoins have dropped to their crucial support levels, indicating selling on rallies. Read more
Citi and Western Union lead Wall Street’s stablecoin charge as Bitcoin miners and lenders shake up the post-halving crypto landscape. The race to develop stablecoin infrastructure is heating up across Wall Street and corporate America. Citigroup is moving ahead with plans to expand its stablecoin payment capabilities, amid growing speculation that major financial institutions are exploring stablecoin initiatives following the passage of the US GENIUS Act — comprehensive legislation expected to take effect in early 2027. The momentum extends beyond banks. Western Union announced plans to build a stablecoin payment network on Solana, underscoring how traditional payment providers are embracing blockchain for faster and cheaper cross-border transactions. Meanwhile, the Bitcoin (BTC) mining landscape is becoming increasingly competitive, with smaller operators rapidly closing the gap on industry leaders. And in digital lending, Ledn reported more than $1 billion in Bitcoin-backed loan originations this year — evi...
Citi and Western Union lead Wall Street’s stablecoin charge as Bitcoin miners and lenders shake up the post-halving crypto landscape. The race to develop stablecoin infrastructure is heating up across Wall Street and corporate America. Citigroup is moving ahead with plans to expand its stablecoin payment capabilities, amid growing speculation that major financial institutions are exploring stablecoin initiatives following the passage of the US GENIUS Act — comprehensive legislation expected to take effect in early 2027. The momentum extends beyond banks. Western Union announced plans to build a stablecoin payment network on Solana, underscoring how traditional payment providers are embracing blockchain for faster and cheaper cross-border transactions. Meanwhile, the Bitcoin (BTC) mining landscape is becoming increasingly competitive, with smaller operators rapidly closing the gap on industry leaders. And in digital lending, Ledn reported more than $1 billion in Bitcoin-backed loan originations this year — evi...
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, US Treasury Secretary Scott Bessent praised Singapore’s approach to digital asset regulation. The Bitcoin white paper, published by Satoshi Nakamoto, turned 17 years old, but a struggling BTC price has marred the occasion, as it faces its first red October in seven years. Elsewhere, Michael Saylor said that Strategy is unlikely to look at acquiring other Bitcoin treasury firms as there’s too much uncertainty. US Treasury Secretary Scott Bessent has praised Singapore’s proactive approach to digital assets and stablecoin regulation, highlighting what he described as a model for effective and secure innovation in financial technology. Speaking at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea, Bessent met with Singapore Prime Minister Lawrence Wong to discuss financial cooperation and the future of digital ...
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