Bitcoin Price Sinks to $79,146 as Liquidations Rock Weekend Trading
Key Takeaways Bitcoin’s price fell to approximately $79,146 Saturday as leveraged liquidations accelerated the selloff. Peter Schiff predicts bitcoin will test $75,000 and warns ETF investors face a difficult weekend. Blackrock and Fidelity led a reported $635.6 million exodus from…
Chamath Palihapitiya Warns Bitcoin Will Hit Zero After Years of Bullish Calls
Key Takeaways Chamath Palihapitiya predicts an AI attack will eventually send bitcoin’s value to zero. Chamath called earlier bitcoin sales a multibillion-dollar mistake in November 2024. Palihapitiya’s BTC reversal follows changes in his public positions on Tesla and SPACs. From…
Arthur Hayes Dumps $22.28M in ETH, ENA, UNI as Scammers Move In Fast
Key Takeaways Trackers have identifed $22.28M in Hayes token sales, led by 6,400 ETH worth about $15.2 million. Wintermute sent Hayes $2.43M in USDC, likely proceeds from UNI and ZAMA sales, per Onchain Lens. Blockscout logged 26 fake “ETH” transfers…
Bitcoin Slides Under $81K as Trump Breaks a Line Bulls Held Since August
Key Takeaways Bitcoin slipped to about $80,698 on Oct. 24, below its 50-day average near $81,784. Coinglass-tracked liquidations hit $495.74M in 24 hours, with $318M coming from long positions. The Oct. 28 FOMC decision and Oct. 29 PCE print are…
Bitcoin Bettors Push Kalshi and Polymarket to a Record $2.7B Week
Key Takeaways Kalshi and Polymarket crypto contracts hit a record $2.7B in weekly notional volume. About 86% of Kalshi’s $8.17B in September crypto volume came from 15-minute markets. Coinbase and Phantom now route users to Kalshi, widening access as U.S….
Interpol Africa Sweep Nets 1,462 Arrests, Exposes Crypto Laundering
Key Takeaways Investigators disrupted 10,909 malicious networks during the operation. Authorities recovered more than $105 million in illicit funds. A Nigerian investigation traced over $2.4 million in suspected criminal proceeds. Crypto Laundering Emerges in Africa Cybercrime Sweep Law enforcement agencies…
3 Asian Central Banks Unite to Connect Stablecoins Across Borders
Key Takeaways Malaysia and Thailand join Singapore as BLOOM’s three policymaker members. Shared frameworks aim to reduce separate agreements and implementation costs. Participants will address acceptance, network connections, and transaction safeguards. Central Banks Seek Common Ground for Digital Money Cross-border…
China Targets 2030 to Complete National Blockchain Network
Key Takeaways China’s 15th Five-Year Plan aims to build a national blockchain network by 2030 to upgrade infrastructure. The strategy creates legal standards to cultivate a new tech ecosystem alongside AI and 6G advancements. Despite crypto bans, this backbone will…
Senator Probes Tether’s Reported $6M Deal With Firm Tied to Ex-Trump Crypto Advisor
Key Takeaways Sen. Richard Blumenthal is probing Tether’s reported $6.3 million payments to a consulting firm co-owned by former White House crypto adviser Bo Hines. Blumenthal raised concerns that Hines may have influenced stablecoin legislation benefiting Tether while retaining an…
‘CLARITY Is About as Good as You Can Get’—Byron Donalds Talks Bitcoin, Prediction Markets and Florida
Key Takeaways Donalds outlined a Florida bitcoin reserve in his Oct. 17 interview, alongside fractional asset ownership. At odds near 80%, Donalds said Polymarket offers daily trends, while ballots ultimately decide elections. Looking 10 years ahead, Donalds warned that weak…
