Bitcoin and Ether tumbled as the broader crypto market fell 3.3%, with reports of suspicious multibillion-dollar transfers from Binance-linked wallets fueling uncertainty. Cryptocurrency markets fell sharply Thursday as reports of a potential multibillion-dollar hack involving Binance wallets rattled investors, sending BNB down more than 7% and pushing the broader market lower. The selloff coincided with reports of suspicious transfers involving Binance-linked wallets. Blockchain security firm Blockaid identified approximately $3.3 billion in suspicious transfers, while Arkham Intelligence tracked roughly $5.84 billion in assets held by wallets labeled “binance-hacker-1029,” though neither figure represents a confirmed theft amount. BNB, the native token of BNB Chain, traded near $702, dow…
BTC price action returned to a key weekly resistance level as US stock markets digested Alphabet’s Q3 earnings miss. Bitcoin (BTC) rebounded above $81,000 after Thursday’s Wall Street open as US GDP numbers stayed strong and inflation data conformed to estimates. Key points: Data from TradingView showed BTC/USD reaching $81,547 on Bitstamp after dropping as low as $79,607 following Wednesday’s daily close.
USDT is coming home to Bitcoin, offering privacy and Lightning-fast payments. But can Bitcoin’s revamped version of Tether compete with stablecoins on ETH and TRON? Utexo is preparing to bring Tether’s dollar-backed stablecoin back to Bitcoin after a three-year hiatus. The Dubai-based blockchain startup says it will achieve the integration through RGB, a protocol that keeps asset transaction data off-chain. The public launch is scheduled for Nov. 28, with Lightning Network support planned for Q1 2027, promising private transfers and fast payments via Bitcoin’s payment network.
A new report argues that putting institutional Bitcoin holdings to work through lending, collateral and financing could create demand beyond its store-of-value role. A new report from Bitcoin infrastructure developer RootstockLabs argues that Bitcoin’s next wave of institutional demand could come from lending, yield generation and balance-sheet financing, expanding its role beyond a store of value. RootstockLabs estimates that just 1.5% of Bitcoin’s (BTC) supply currently participates in lending and Bitcoin-native finance, while identifiable institutional investors hold roughly 3.9 million BTC. Putting more of those holdings to work could create additional demand for the asset without changing its fixed supply. The analysis identifies two emerging sources of financial utility: generating r…
BTC price analysis from Glassnode drew attention to $85,000 as the lower boundary of a cost-basis zone for long-term holders. Bitcoin (BTC) faces resistance between $84,000 and $85,000 as analysis points to coins largely linked to a single large holder. Key points:
Traders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin’s next move. Bitcoin could face further headwinds after the US Federal Reserve held interest rates steady while signaling continued concern about inflation, according to market analysts. The Fed voted 10-2 Wednesday to maintain its benchmark interest rate at 3.75% to 4%, with Governor Lisa Cook and Cleveland Fed President Beth Hammack favoring a quarter-point increase. Fed Chair Kevin Warsh acknowledged that inflation remained above the central bank’s 2% target.
Bitcoin failed to move past its 50-day simple moving average as market participants awaited the outcome of the FOMC meeting and key tech earnings. Bitcoin (BTC) gave back early gains around Wednesday’s Wall Street open as markets prepared for the US Federal Reserve’s interest-rate decision.
Google Cloud has detailed its preview MPC service for institutional Bitcoin custody as it holds a New York symposium focused on digital asset security. Google’s cloud computing division is progressing with a service that lets financial institutions jointly authorize and sign cryptocurrency transactions without giving any single party control over the full private key. Google Cloud detailed its Multi-party Compute (MPC) service in documentation updated Monday, positioning the preview product for institutional Bitcoin custody. The service remains in preview, meaning Google provides it as is, with potentially limited support. The documentation update preceded Google Cloud’s MPC Symposium, taking place Wednesday in New York. The event promises an “exclusive revealing of Google’s frontier MPC p…
Bitcoin sought to rebuild support at $80,000 while Asian and US tech stocks extended a rebound into key corporate earnings releases. Bitcoin (BTC) approached $82,000 on Wednesday as South Korea’s KOSPI Composite Index gained over 6%. Key points:
US spot Bitcoin ETFs drew $286 million over two days, narrowing October’s net outflows to $26 million as the Crypto Fear & Greed Index remained neutral. US-listed spot Bitcoin exchange-traded funds (ETFs) attracted about $176 million in net inflows on Tuesday, extending their recovery to a second consecutive trading day. The inflows rose from $110 million on Monday, bringing the two-day total to $286 million, according to SoSoValue data. The rebound followed nearly $774 million in withdrawals on Thursday and Friday. October net outflows narrowed to about $26 million through Tuesday, while year-to-date net inflows stood at roughly $850 million.
VanEck’s new Wealth Builder ETF targets a 2% Bitcoin allocation, with a permitted range of 1% to 5%, gaining exposure through a spot Bitcoin ETP. US asset manager VanEck has launched an actively managed exchange-traded fund (ETF) that combines stocks, bonds and real assets with a targeted allocation to Bitcoin. According to Tuesday’s announcement, the VanEck Wealth Builder ETF (NYSE: WBMO) invests in both VanEck and third-party ETFs, with a target Bitcoin allocation of 2% and a permitted range of 1% to 5%, according to the company’s website. Bitcoin exposure comes through a spot Bitcoin ETP rather than direct holdings of the cryptocurrency. The fund builds on VanEck’s existing Wealth Builder model portfolios, previously available to financial advisers through third-party wealth management…
Speaking on Cointelegraph’s Chain Reaction podcast, Muneeb Ali warned that uncertainty over Bitcoin’s quantum security could deter institutional investors. Concerns about quantum computing are slowing institutional investment in Bitcoin, according to Stacks founder Muneeb Ali, who warned that the network needs a credible roadmap for security upgrades to restore investor confidence. “There is already a ceiling on the growth of Bitcoin because of quantum fears,” Ali said during an interview on Cointelegraph’s Chain Reaction podcast. He argued that uncertainty could lead risk-averse institutional investors to delay large Bitcoin purchases until developers establish a credible path toward quantum-resistant security. Stacks is a Bitcoin layer-2 network designed to bring smart contracts and dece…
A decline in the share of Bitcoin’s realized cap held by coins unmoved for 18 months or longer points to the ‘early stages’ of a bull market, analysis says. Bitcoin (BTC) onchain transaction data is hinting at the start of a new uptrend as long-term holders retreat from selling. Key points:
Strategy made no Bitcoin purchases or sales last week, as its STRC preferred stock buybacks reduced its USD Cash balance by 46% to $242.4 million. Michael Saylor’s Strategy refrained from buying or selling Bitcoin last week, choosing instead to spend $204.9 million on STRC preferred stock buybacks. Strategy repurchased 2.07 million shares between Monday and Friday, reporting no Bitcoin (BTC) transactions or stock sales through its at-the-market offering program, according to its Monday filing with the US Securities and Exchange Commission. The company said its Bitcoin holdings remained at 848,517 BTC, acquired for $64.02 billion at an average price of $75,446 per coin. At Monday’s US equities open, the biggest cryptocurrency was trading hands at roughly $79,992 apiece.
Bitcoin bulls fought for $80,000 support over the weekend ahead of a heavy week of US tech earnings and inflation data. Bitcoin (BTC) begins the last week of October fighting to hold $80,000 support ahead of a busy week of US macro data and earnings reports. Key points:
Similar to the Hugging Face hack, Ethereum researchers have set up an AI Agent message board to help rescue the Glamsterdam fork. New site says ‘Steal My Bitcoin’... if you can. The second and final testnet for Ethereum’s Glamsterdam hard fork was cancelled this week, after ChainSecurity found vulnerabilities in two gas scaling Ethereum Improvement Proposals that could have spelled big trouble for at least 13 DeFi contracts. The bugs were connected to EIP-8037/8038 and resulted in contracts that rely on the way gas currently behaves, breaking when a call runs out of gas. It’s all fairly technical and complicated, but the upshot is that an attacker may have been able to exploit the resulting vulnerabilities. The hard fork testnet dress rehearsal on Hoodi is not expected to be rescheduled un…
Bitcoin dipped below $81,000 as stocks fell and Brent crude hit its highest level since March, leaving the 50-day moving average in focus. Bitcoin (BTC) saw a fresh dip below $81,000 after Friday’s Wall Street open as Brent crude oil set new seven-month highs. Key points:
Bitcoin price volatility cooled as stock markets battled another day of resurgent AI fears during Friday’s Asia trading session. Bitcoin (BTC) ranged below $82,000 into Friday’s Wall Street open as stock markets slid further on AI financing concerns. Key points:
BIT Asset Management’s Bitcoin Fund ETF is expected to begin trading on SIX Swiss Exchange in November, with its public offering restricted to Switzerland. Switzerland’s financial regulator FINMA has approved the first Swiss-law exchange-traded fund allowing retail investors to gain direct exposure to Bitcoin. On Thursday, BIT Asset Management said its Bitcoin Fund ETF (BBIT) is expected to begin trading on SIX Swiss Exchange in November. The fund holds Bitcoin directly and is approved for public offering in Switzerland only. “Most bitcoin products listed in Europe today are exchange-traded products (ETPs), which are debt instruments that carry issuer risk,” said BIT Asset Management.
According to BlocksBridge, Bitcoin’s mining difficulty is rising despite the industry’s AI transition, with smaller operators potentially absorbing equipment abandoned by larger competitors. Bitcoin’s network hashrate has climbed to a seven-month high despite major publicly traded miners shifting capacity toward artificial intelligence, suggesting other operators are replacing lost computing power and intensifying competition among remaining network miners. According to BlocksBridge Consulting’s latest Miner Weekly newsletter, Bitcoin’s seven-day average hashrate has recovered above 1 zettahash per second (ZH/s), equivalent to 1,000 exahashes per second (EH/s), its highest level since March 3. Hashrate measures the computing power securing the Bitcoin network. The recovery suggests that mi…
