JPMorgan analysts discovered minimal proof of institutional or ETF involvement within the crash, attributing the selloff primarily to deleveraging by overleveraged momentum and quant merchants. Bitcoin prolonged its decline to round US$108k after liquidations wiped over US$6 billion from markets, falling from October’s report highs above US$126k. Mounting US-China commerceContinue Reading
Tom Lee’s BitMine Immersion Applied sciences acquired 104,336 ETH price US$417 million, growing complete holdings to three.03 million ETH. Lee maintains his prediction that ETH will attain US$10k by finish of 2025, regardless of a broader crypto market crash. In the meantime, US spot Ethereum ETFs have proven combined efficiencyContinue Reading
A sudden market crash, triggered partly by a presidential tweet, triggered a historic liquidation occasion that disproportionately impacted altcoins. The reason for the collapse was not simply the tweet itself, however somewhat an unstable market basis constructed upon extreme borrowing and leveraged buying and selling. With market leverage now considerablyContinue Reading
Ripple Labs has acquired GTreasury, a treasury software program supplier, for US$1 billion, including company money, fiat, and danger tooling to its product line. The acquisition goals to combine GTreasury’s platform with Ripple’s funds and blockchain infrastructure to assault legacy rails with 24/7, near-instant cross-border settlement. GTreasury’s platform will enableContinue Reading
Australia’s Dwelling Affairs Minister introduced plans to limit or ban crypto ATMs, labeling them a “high-risk product” tied to cash laundering and scams. The measure is a part of a broader package deal to increase federal powers, which might grant AUSTRAC’s CEO the authority to ban designated high-risk merchandise likeContinue Reading
BlackRock is planning a new income-focused Bitcoin ETF, the Bitcoin Premium Income ETF, and has begun the registration process with a Delaware trust filing. The ETF’s strategy is to generate returns by selling covered call options on Bitcoin futures, appealing to investors seeking yield over full exposure to Bitcoin’s priceContinue Reading
Two Texas brothers kidnapped a Minnesota family, stealing US$8 million (AU$12.23 million) in crypto. Victims were held for nine hours at gunpoint and forced to transfer cryptocurrency to the suspects. Authorities tracked and arrested the brothers in Texas; they face federal and state charges. Federal and state authorities have filedContinue Reading
Bitcoin fell 6% to US$109,277 as other major cryptocurrencies suffered even steeper losses. Market data reveals distribution currently leads over accumulation, with long-side liquidations rising and futures open interest falling from US$44.8 billion to US$42.7 billion. Long-term holders have realised profits on US$3.4 million BTC just as ETF inflows cooledContinue Reading
HSBC and IBM achieved a 34% improvement in bond trade prediction using hybrid quantum-classical systems. The trial, tested on European OTC bond market data, showed quantum’s edge over classical models. HSBC and IBM leaders said the breakthrough proves quantum computing is delivering real-world financial value. A pioneering trial in algorithmicContinue Reading
China’s central bank has launched a new international operation centre in Shanghai, purposed with increasing international adoption of the nation’s digital RMB central bank digital currency. The operations centre was first announced in June by the governor of the People’s Bank of China, Pan Gongsheng, and forms part of aContinue Reading
