Traders and data suggest that Bitcoin may benefit from the US government shutdown, but how long will the gains last? Key takeaways: Yields on US 10-year Treasurys declined, highlighting growing risk aversion and demand for safe-haven assets. Spot Bitcoin ETFs faced $430 million inflows while equities stayed muted, signaling potential decoupling from traditional markets. Read more
Bitcoin started October on a strong note by rallying to $118,200. That clears the path for BTC to chase new all-time highs. Which altcoins could follow? Key points: Bitcoin has broken above the $117,500 resistance, opening the gates for a retest of the all-time high at $124,474. Several altcoins have started a strong relief rally, signaling solid buying at lower levels. Read more
In addition to restrictions on enforcement actions and ongoing litigation, the agency will likely stop reviewing crypto ETF applications. Members of the US Securities and Exchange Commission (SEC) began shutting down operations on Wednesday under a lapse in government funding, with most staff directed to secure their work and prepare for what could be a days-long pause in operations. According to a Wednesday notice on X, about nine hours after US lawmakers were unable to pass a bill to continue funding the government, the SEC was operating in accordance with a plan set up in August. The plan stated that the agency would have an “extremely limited number of staff” and many of its systems would operate “under modified conditions.” “On the first workday of a lapse in appropriations, non-excepted staff will engage in activities to shut down their respective operations, to secure their workstations and work materials, and to prepare for the rapid restart of operations when funding is renewed,” said the SEC. Read m...
The regulator stated that farmland must be used only for agricultural purposes to qualify for government services, subsidies, and utilities. The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), the agricultural regulator for the emirate of Abu Dhabi, United Arab Emirates (UAE), announced a ban on using agricultural land for crypto mining. Violators will face a 100,000 AED fine ($27,229), and the ADAFSA will suspend municipal services, confiscate mining hardware, and disconnect the farmland from the electrical grid, according to Tuesday’s announcement. ADAFSA said that using farmland for crypto mining conflicts with “sustainability” policies in the region and undermines existing land use provisions. Read more
Google’s Gemini AI can help organize research, compare tokenomics and cut through noise. Here’s a workflow to analyze coins before you invest responsibly. Gemini is a research assistant for summarizing data and analyzing text, not a financial adviser for predicting prices. The quality of your research output depends entirely on the specificity and structure of your prompts. A repeatable workflow involves deconstructing a project’s fundamentals, analyzing its economics and mapping its competitive landscape. Read more
XRP’s value extends far beyond its price, powering fast remittances, loyalty rewards and institutional finance. XRP eliminates pre-funding and speeds up cross-border remittances, making it useful in emerging markets. Loyalty and travel programs are bringing XRP into daily life, turning it from an investment asset into a practical payment option. Institutions like SBI and Santander add credibility by holding XRP reserves and exploring settlement use cases. Read more