Day: October 21, 2025

Bitcoin Whales Shift Billions Into ETFs Like BlackRock’s IBIT

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Large Bitcoin holders who accumulated the cryptocurrency early, commonly known as whales, are increasingly moving their holdings into exchange-traded funds (ETFs), with asset managers such as BlackRock actively courting them. In an interview with Bloomberg, Robbie Mitchnick, BlackRock’s head of digital assets, said the company has already facilitated more than $3 billion worth of these conversions into its iShares spot Bitcoin ETF (IBIT). After years of self-custody, many whales are recognizing “the convenience of being able to hold their exposure within their existing financial adviser or private-bank relationship,” Mitchnick said. …

FED Mulls ‘Payment Accounts’ for Fintechs, Small Companies

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The US Federal Reserve is considering the introduction of a new type of payment account that would make it easier for smaller companies to participate in the central bank’s payment system, signaling the end of the crypto industry’s banking access challenges. The newly floated “payment accounts” would seek to grant full access to fintech companies seeking to utilize the Fed’s payment services, which are currently reserved for large banks and financial institutions through the Fed’s “master accounts.” “I believe we can and should do more to support those actively transforming…

Pi Network (PI) News Today: October 21st

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PI’s price remains in red territory. The recent Pi Network developments and the price performance of PI. These are the main topics we will touch upon in the following lines. The New Updates Towards the end of August, the team behind Pi Network launched the Pi Hackathon 2025: an event that encourages Pioneers to create real-world applications that expand the utility of the PI token. To boost interest, a 160,000-coin prize pool was awarded to the top eight teams. While the Hackathon was supposed to run until October 15,…

Fed proposes limited-access master accounts, potentially benefiting crypto firms like Ripple and Anchorage

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Key Takeaways The Federal Reserve has proposed a new category of limited-access master accounts for eligible financial institutions. Crypto-related firms such as Ripple and Anchorage could gain direct access to Fed payment infrastructure under this proposal. Share this article Federal Reserve Governor Chris Waller said at the Payments Innovation Conference today that the central bank is exploring a new limited-access master account framework, which would enable eligible financial institutions to access the Fed’s payments rails without going through intermediary banking partners. The proposal was first reported by Crypto in America…

Where to get high yield on stablecoins in 2025: Top 5 projects

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Share this article A new generation of stablecoins is transforming how users earn yield: they offer both stability and income through advanced on-chain strategies, ultimately passing earnings to holders. This article reviews five of the leading yield-generating protocols of 2025: each offers a stable token targeting a $1 peg while offering varying levels of annual yield through distinct mechanisms. 1. Falcon Finance (USDf) Falcon Finance issues USDf, a synthetic dollar backed by both crypto and tokenized RWAs. Its model combines over-collateralization with active yield generation across several markets. Users mint…

Crypto market sees over $160M in shorts liquidated in past hour

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Key Takeaways Over $160 million worth of short positions were liquidated in the past hour due to rising prices in the crypto market. Short positions are leveraged bets on price declines; when prices rise rapidly, these trades are forced to close, causing ‘liquidations.’ Share this article The crypto market witnessed over $160 million in short position liquidations in the past hour as bullish momentum forced bearish traders to close their positions. Short positions, leveraged trades betting on price declines in crypto assets, frequently result in forced closures during upward market…

Can Crypto Save Cuomo’s Campaign?

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Former New York Governor Andrew Cuomo lags far behind Democratic frontrunner Zohran Mamdani despite unveiling his proposal to make the city a crypto hub. Cuomo’s plan, announced on Sunday, would create a new office that would be responsible for attracting emerging tech companies, including cryptocurrencies and blockchain. The move follows similar initiatives from outgoing Mayor Eric Adams, which have yielded mixed results so far. The mayor’s office reported that many crypto startups have appeared in New York, while existing crypto businesses have not seen much change. Some have noted that…

2 Short-Term Levels for ETH Bulls to Watch This Week

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Ethereum continues to consolidate between institutional zones, with clear boundaries defined by $3.4K support and $4.6K resistance. The current symmetrical triangle formation signals a period of compression, with breakout potential in either direction. Technical Analysis By Shayan The Daily Chart On the daily timeframe, ETH remains trapped in a mid-range structure between the $3.4K institutional demand zone and the $4.6K supply zone. The rejection from $4.2K coincided with a retest of the broken ascending trendline and the 100-day moving average, both now acting as resistance levels. Momentum has slowed, and…

Crypto or Cash? California’s New Law Draws the Line

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How California’s SB 822 will impact digital assets California’s Senate Bill 822 (SB 822), signed into law by Governor Gavin Newsom in October 2025, makes California the first US state to protect unclaimed crypto assets from forced liquidation. Treating digital assets similarly to bank accounts and securities, SB 822 requires unclaimed cryptocurrencies to be transferred in their native form rather than immediately liquidated. This helps prevent forced liquidation of assets like Bitcoin (BTC) or Ether (ETH), which could otherwise trigger taxable events for holders without their consent. SB 822 has…

Bitcoin Attacks $110,000 While Gold Drops 5% in a Day

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Key points: Bitcoin stays volatile into the Wall Street open with $110,000 making a reappearance. Liquidity conditions thicken around price as the 21-week moving average now important to reclaim. Gold price tumbles from a rematch with all-time highs. Bitcoin (BTC) buyers and sellers fought for control at Tuesday’s Wall Street open as gold fell hard. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin bounces after rematch with CME futures gap Data from Cointelegraph Markets Pro and TradingView showed BTC price volatility heating up. After dropping toward the weekend gap in CME Group’s…