Friday, October 16

Crypto

ARK Sells M in Coinbase Shares, Buys Bullish Across ETFs

Cathie Wood’s ARK Invest continued reducing its exposure to crypto exchange Coinbase on Friday, unloading $22 million worth of shares across multiple exchange-traded funds (ETFs) while adding to its position in digital asset platform Bullish.According to ARK’s trade disclosures, the…

Bithumb Recovers Overpaid Bitcoin, Covers 1,788 BTC Shortfall

South Korean cryptocurrency exchange Bithumb says it has resolved an incident in which a promotional reward error credited certain user accounts with excess Bitcoin.In a Sunday statement, the exchange confirmed it recovered 99.7% of the overpaid Bitcoin (BTC) on the…

Crypto Retail Investors Are Trying To ‘Meta-Analyze’ Market

Retail investors are scrutinizing the crypto market for signs that it may have bottomed out to gauge when to buy more crypto assets, according to crypto sentiment platform Santiment.“Retail traders are trying to meta-analyze the market, looking for signs of…

23% of Investors Forecast Rate Cut at March FOMC Meeting

The number of traders expecting a rate cut at the March Federal Open Market Committee meeting rose following fears of a hawkish Fed nominee.The number of traders expecting an interest rate cut at the March Federal Open Market Committee (FOMC)…

Tether Freezes 4M in Crypto Tied to Turkish Illegal Betting Probe

Tether has frozen more than half a billion dollars in cryptocurrency at the request of Turkish authorities, blocking funds tied to an alleged illegal online betting and money-laundering operation.Last week, prosecutors in Istanbul announced the seizure of approximately €460 million…

Bitcoin Caught Between CME Gaps and New Macro Lows: Analysis

Bitcoin (BTC) failed to hold $69,000 as the weekend began amid predictions of fresh macro lows next.Key points:Bitcoin faces a lack of acceptance above $69,000, while traders see new lows to come.Analysis says that the rebound into the weekend was…

Bitcoin May Need Two Years to Flip ,500 Back to Support

Bitcoin (BTC) liquidated billions of dollars going into Friday as BTC price action set bearish records.Key points:Bitcoin liquidates $2.6 billion as it sees its first red $10,000 daily candle ever.BTC price action dives further in percentage terms than on any…

Vietnam Draft Rules Propose 0.1% Tax on Crypto Transfers

Vietnam is preparing to introduce a tax framework for cryptocurrency transactions that would align digital assets with securities trading, according to a draft policy circulated by the Ministry of Finance.Under the proposal, individuals transferring crypto assets through licensed service providers…

Erebor Secures First New US Bank Charter of Trump’s Second Term

The United States has approved a newly created national bank for the first time during President Donald Trump’s second term, granting a charter to crypto-friendly startup Erebor Bank.The Office of the Comptroller of the Currency (OCC) confirmed the approval on…

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