Category: Bitcoin News

Strategy’s Michael Saylor Skips Bitcoin Buy at $125K

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Strategy Inc. co-founder and executive chairman Michael Saylor said Monday that the company had a massive $3.9 billion fair value gain on its Bitcoin holdings during the third quarter of the year. On Saturday, Bitcoin (BTC) reached a new all-time high of $125,000 as exchange balances plunged to six-year lows. Saylor’s Strategy, a company known for adding to its Bitcoin stockpile during new price highs, said that it is skipping its BTC purchase this week.  On X, Saylor said that instead of a new Bitcoin buy, the company is highlighting…

Solana ETF vs. Ether: Can SOL Outperform ETH?

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Key takeaways: ETH ETFs have opened access, but flows remain cyclical. SOL’s plumbing is set: CME futures are live, with options slated for Oct. 13 (pending approval). The SEC’s generic standards now allow faster spot-commodity ETP listings beyond BTC and ETH. For SOL to outperform ETH, it will need sustained creations, tight hedging, real onchain usage and continued developer momentum. It’s true that Ether (ETH) already has the head start in the exchange-traded fund (ETF) race: Spot Ether ETFs began trading on July 23, 2024, attracting approximately $107 million in…

What to Expect as the US Government Shutdown Enters Week Two

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Many US federal employees have been furloughed, and others continue to work without pay, since lawmakers failed to pass a stopgap measure to fund the government last week, and the shutdown is expected to continue.   As of Monday morning, there had been no reported deal between Republican and Democratic members of the US Congress to stop the shutdown and return operations to normal, including activities at financial regulatory agencies such as the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The Senate is scheduled to hold a…

Pump.fun’s 80% Grip on Solana Memecoins: Can It Last?

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Key takeaways One-click minting, bonding-curve “graduation” and locked LPs concentrated liquidity, pushing Pump.fun’s share to 75%-80% at its peak. Launches and fees are cyclical. After plunging 80% from January highs, activity snapped back by late August. Rivals (LetsBonk, HeavenDEX, Raydium LaunchLab) can flip share in the short term with fees or incentives, but network effects often pull activity back. Security incidents and US class-action litigation (including RICO claims) are the biggest overhangs on durability. Pump.fun is a Solana-native launchpad that makes launching a token as easy as a few clicks.…

3 Charts to Watch as BTC Locks In Its Highest Weekly Close

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Key takeaways: Bitcoin’s price discovery reached its strongest weekly close at $123,400. Onchain metrics and futures data show sustained bullish control above $122,000. Short-term outlooks are split between a momentum grind higher or a mean reversion dip. Bitcoin (BTC) achieved its strongest weekly close ever at $123,500 on Sunday, confirming its entry into a new phase of price discovery. As it consolidated near its all-time high (ATH) at $125,800, three key onchain and derivative metrics highlighted the health and sustainability of the bullish trend. Bitcoin one-week chart. Source: Cointelegraph/TradingView Bulls…

EU Eyes Central Crypto Oversight as MiCA Faces Tensions

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The European Union’s markets regulator is preparing to expand its authority to cover cryptocurrency exchanges and other operators, a move officials say would better align oversight with the bloc’s newly implemented Markets in Crypto-Assets (MiCA) framework. Verena Ross, chair of the European Securities and Markets Authority (ESMA), confirmed in an interview with the Financial Times that the European Commission is developing plans to shift supervision of several financial sectors, including crypto, from national regulators to ESMA. Ross said the reform would help build “a more integrated and globally competitive” EU…

Crypto’s Meteoric Rise Could Make Or Break Africa

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Opinion by: Ure Utah, technical advisor to Nigeria’s minister of innovation With the value of digital currencies surging close to $4 trillion, the world is rushing to cash in. While Elon Musk’s Dogecoin (DOGE) and the US president’s Official Trump (TRUMP) coin grab headlines, Africa sits at the frontline of this worldwide financial upheaval. This is a crucial point. Unless African leaders act to regulate or harness crypto, what happens next will determine whether the continent’s 1.55 billion inhabitants build greater sovereignty over their future or usher in a new…

A7A5 Becomes Top Non-Dollar Stablecoin Amid Sanctions

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A7A5, a Russian ruble-backed stablecoin issued in Kyrgyzstan, has become the world’s biggest non-US dollar stablecoin despite facing multiple sanctions. A7A5’s market capitalization stood at almost $500 million on Monday, about 43% of the total $1.2 billion market cap of non-US dollar stablecoins, according to data from CoinMarketCap and DefiLlama. “We have already proven that a national digital currency can be not only an alternative to the dollar but also a driver of global change,” A7A5 wrote on its Telegram channel on Saturday. The statement came as the project drew…

S&P 500 Is Up 106% Since 2020, But Has Collapsed Against Bitcoin

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While billionaire hedge fund manager Warren Buffett has long touted investing in the S&P 500, recent data shows that since 2020, the index has underperformed Bitcoin by around 88%.  In an Oct. 5 X post by Phil Rosen, the co-founder of stock market data newsletter Opening Bell Daily, noticed that while the S&P 500 has surged 106% in USD value since 2020, it has “collapsed” significantly in BTC denomination, prompting cheers from Bitcoin pundits.  The S&P 500 has had an 88% drop in nominal BTC value since 2020. Source: Phil…

Unity Fixes Vulnerability Targeting Mobile Gamers and Crypto Wallets

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Unity Technology has deployed a fix for a vulnerability that allowed third-party code to run in Android-based mobile games, which some experts warned last week could be a risk to crypto users. Unity said on Friday that the security patches were rolled to fix a vulnerability in its gaming engine that was discovered in June. The director of community of Unity Technologies, Larry “Major Nelson” Hryb, posted a security update advisory explaining that the vulnerability could allow local code execution and “access to confidential information on end-user devices running Unity-built…