Saturday, October 10

Crypto

Michigan House Rep Loses Primary after M Support from Crypto PAC

Michigan State Representative Donavan McKinney won a Democratic primary against incumbent House Representative Shri Thanedar in a race that raised accusations of payback by the cryptocurrency industry.McKinney won the primary for Michigan’s 13th Congressional District with 51.9% of the vote…

Bitcoin Treads Water As Gold, S&P 500 See Significant Gains

Bitcoin (BTC) stayed wedged at $64,000 on Wednesday’s Wall Street open as gold hit six-week highs.Key points:Gold analysis eyes Chinese demand as the precious metal hits its highest levels in six weeks.Bitcoin sees a second day of lackluster performance against…

Bitcoin Whales Signal Possible Bear Market Bottom

Large cryptocurrency holders are accumulating Bitcoin (BTC) and Ether (ETH) as valuations approach levels associated with the final stage of a bear market, according to CryptoQuant.Rising whale balances during price weakness can reduce available supply and concentrate ownership among larger…

Binance Affiliates Sue RedotPay Over User Diversion Claims

Binance-affiliated companies have sued the founders of Hong Kong-based cryptocurrency payments company RedotPay, alleging they diverted more than 470,000 users from Binance Card in breach of their commercial agreement.The plaintiffs seek nearly $473 million in damages, alleging the conduct contributed…

Galaxy Bitcoin ETF Returns to Inflows Amid Coldcard Hack

US-listed spot Bitcoin exchange-traded funds (ETFs) are attracting fresh capital as a high-profile cryptocurrency custody incident puts renewed focus on digital asset security.Spot Bitcoin ETFs recorded $211.5 million in net inflows on Tuesday, adding to Monday’s $170 million, according to…

BlackRock Tokenized Stablecoin Reserve Fund Gets Top S&P Rating

S&P Global Ratings assigned its highest principal stability fund rating to BlackRock’s new tokenized money market fund.The ratings provider assigned an “AAAm” rating to the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) on Monday, citing the creditworthiness of its investments…

Bitcoin Price Metrics Echo 2022 In Coldest Phase Since FTX Collapse

Bitcoin price-metric basket sees longest capitulation since FTX blow-up: GlassnodeBitcoin (BTC) is seeing its longest capitulation since the end of the 2022 bear market, onchain analytics platform Glassnode reported on Monday.Key points:45 Bitcoin price metrics tracked by Glassnode are in…

Bitwise Says Crypto Will Thrive Even Without CLARITY Act

A failure to pass the CLARITY Act this week will put the bill in a “walking dead” state, but won’t stop the crypto industry’s march forward, according to Bitwise chief investment officer Matt Hougan. In a blog post on Wednesday, Hougan…

AI Bust Could Send Bitcoin Above M, Arthur Hayes says

BitMEX co-founder Arthur Hayes said the debt-fueled artificial intelligence infrastructure boom could end in a 2008-style credit crisis and predicted the resulting government liquidity response could drive Bitcoin (BTC) to $1 million or higher. In a Tuesday blog post, Hayes said…

Bybit Secures Austrian E-Money License for EU Payments

Bybit’s European payments subsidiary has secured an electronic money institution license in Austria, providing the exchange with a regulatory basis to add payment and e-money services to its regional platform. On Tuesday, Bybit said Bybit Payments GmbH received the license from…

Ethereum Proposal to Slash Staking Rewards Sparks Backlash

A group of six Ethereum researchers and developers, including Ethereum Foundation’s Justin Drake, has proposed changing the network’s issuance policy to cut validator rewards more sharply as the proportion of staked ETH rises. The draft, called the Tapered Issuance Burn and…

US, UK Deepen Crypto Regulatory Coordination After GENIUS Act

Latest NewsPublishedAug 4, 2026In a July 8 meeting, US and UK regulators highlighted the implementation of the GENIUS Act, payment modernization and cross-border cooperation, reinforcing a shared framework for digital asset oversight.The United States and the United Kingdom reaffirmed their…

Hormuz Oil Recovery Bets Sparks New All-Time Highs For S&P 500

Bitcoin saw new August highs into Tuesday’s Wall Street open as markets bet on US-Iran tensions again easing.Key points:Bitcoin (BTC) edges higher as optimism over the Strait of Hormuz reopening pushes stocks to new all-time highs.Oil prices drop to their…

Bitdeer Signs .7B AI Data Center Lease in Norway

Bitcoin mining company Bitdeer has signed a 16-year lease agreement valued at as much as $4.7 billion to secure artificial intelligence and high-performance computing data center capacity, underscoring how crypto miners are increasingly expanding into AI infrastructure as demand for…

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