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Spot Bitcoin ETFs on track to overtak Satoshi Nakamoto’s BTC holdings by year-end
Bloomberg ETF analyst Eric Balchunas predicted that by December, US spot Bitcoin exchange-traded funds (ETFs) BTC holdings could eclipse those of Satoshi Nakamoto. Balchunas suggested that at their current accumulation pace — roughly 17,000 BTC weekly — the ETFs may surpass 1 million BTC next week. This puts them on track to outpace Nakamoto’s holdings, estimated to…
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US Treasury strategy for financial inclusion mentions digital assets
Lael Brainard credited Vice President Kamala Harris, who is campaigning to be the next US President, with helping expand “access to capital, credit, and economic opportunity.” The United States Department of the Treasury has released its national strategy for financial inclusion, only including cryptocurrencies as a potential risk for consumers.In an Oct. 29 notice, the…
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Celestia’s TIA Braces for Price Volatility Amid $900M Token Unlock
Token unlocking events usually weigh on prices, but multi-month reaccumulation, crowded shorts and bullish crypto prices could lead to a surprise rally, crypto analyst Will Clemente said.
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Circle raises USDC cash-out fees, affecting large-scale redemptions
The fee structure revision primarily affects institutional investors and high-volume traders. Stablecoin issuer Circle has raised its fees for redeeming its USD Coin (USDC) for the second time in less than a year.According to an Oct. 29 Bloomberg report, since September, the company has been collecting fees on daily redemptions of at least $2 million.…
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Bitcoin hits $73.6K as fundamentals suggest new all-time highs are programmed
Bitcoin price rallies within $200 of a new all-time high as several fundamentals point to the crypto bull marking picking up pace. Bitcoin (BTC) price sprinted toward its all-time high at $73,800, and this move differs from recent rallies as several fundamentals suggest that the bull market is shifting into a higher gear. Here are six…
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Optimism Foundation offered 25M OP tokens to attract Kraken’s L2 to the Superchain
Optimism Foundation and Kraken closed a 25 million OP deal to bring the exchange’s new layer-2 (L2) blockchain, Ink, to the Superchain ecosystem. According to CryptoSlate data, the deal is worth $43 million at OP’s current price of $1.72. Grant Optimism Foundation’s chief growth officer, Ryan Wyatt, explained that the grant is structured to fund Kraken’s protocol engineering…
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President Biden thanks Nigerian President for Binance exec’s release
A former IRS special agent and Binance’s head of financial crime compliance, Tigran Gambaryan had been in Nigerian custody with reports of deteriorating health since February. United States President Joe Biden spoke to President Bola Tinubu of Nigeria, offering his appreciation that Binance’s head of financial crime compliance had been released on humanitarian grounds.According to…
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Bitcoin nears all-time high with stable metrics, signaling strength for further upside – K33 Research
Bitcoin (BTC) is not showing signs of frenzy, unlike March, which indicates room for further growth in price, according to K33 Research report published on Oct. 29. As of press time, BTC was trading at $73,500, roughly $300 away from setting a new all-time high. Despite the impressive over 8% gain over the past week,…
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Bitcoin miners cut costs, embrace AI post-halving: CoinShares
Miners including Cormint and TeraWulf are among the lowest-cost producers of Bitcoin, an important advantage amid tightening margins, CoinShares said. Bitcoin (BTC) miners are cutting costs and embracing artificial intelligence as the industry continues to grapple with the consequences of the network’s April halving, cryptocurrency asset manager CoinShares said in an Oct. 28 report.The increasing…
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Solana price hits 3-month high as data hints at SOL rally above $200
Solana price hits $180 as Bitcoin storms toward a new all-time high. Data suggests SOL can go higher. Solana (SOL) trades above $180 again after struggling to recapture the level for nearly 3 months. The month-long, 16.3% gain to $183 comes alongside Bitcoin (BTC) rallying within $1,000 of its all-time high, but does Solana-specific data…
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