The Crypto Fear & Greed Index finally clawed its way out of the “fear” zone on Sunday, resolving to neutral for the first time in more than two weeks as the price of Bitcoin surged back to around $115,000 over the weekend. The Crypto Fear & Greed Index, which measures overall market sentiment, is currently sitting in the “neutral” zone with a score of 51 out of 100. It’s up 11 points from the fearful score of 40 on Saturday, and also up over 20 points since last week, marking…
Category: Bitcoin News
Australia Crypto Scene Says Draft Crypto Laws Need More Work
Australia’s crypto industry has largely backed the government’s draft crypto legislation released last month, but has still responded to a Treasury consultation with demands for further clarity. “The draft legislation, as it stands, leaves some critical questions unanswered,” Caroline Bowler, the former CEO of crypto exchange BTC Markets, said in a statement. “We support the government’s intent to bring structure to the digital asset sector. But structure must come with clarity.” On Friday, the Treasury concluded a consultation that began in late September on draft rules extending finance sector laws…
Former Mt. Gox CEO Mark Karpeles Fed 2011 Codebase To AI
Former Mt. Gox CEO Mark Karpelès probably wishes he had access to today’s artificial intelligence when he bought Mt. Gox from its founder, Jed McCaleb, in 2011. That’s because Karpelès has just fed an early version of Mt. Gox’s codebase into Anthropic’s Claude AI. What he got back was an analysis that broke down the key vulnerabilities that led to the defunct exchange’s first major hack, while labeling it “critically insecure.” In a Sunday X post, Karpelès said he uploaded Mt. Gox’s 2011 codebase to Claude, alongside various data, including…
Bitcoin Fork Proposal Sparks Legal Threat Debate
A new Bitcoin improvement proposal for a soft fork has sparked outrage on X over a section that some claim is threatening legal consequences for those who reject the fork. The proposal, created by core developer Luke Dashjr and published on Friday, is the latest salvo in the recent Bitcoin Core vs Knots debate, which revolves around what Bitcoin should be used for and whether non-financial transactions should be filtered out. The proposal aims to restrict data in Bitcoin (BTC) transactions through a one-year soft fork while a more permanent…
Bitcoin Rises on Weak USD but Isn’t Inflation Hedge: NYDIG
Inflation does not have a major impact on Bitcoin’s price, as many believe, but a weakening US dollar does help push up the cryptocurrency alongside gold, according to NYDIG. “The community likes to pitch Bitcoin as an inflation hedge, but unfortunately, here, the data is just not strongly supportive of that argument,” NYDIG global head of research Greg Cipolaro said in a note on Friday. “The correlations with inflationary measures are neither consistent nor are they extremely high,” he added. Cipolaro said that expectations of inflation are a “better indicator”…
Zcash Jumps 30% as Arthur Hayes $10,000 Call Ignites Interest
Privacy-focused cryptocurrency Zcash has surged 30% in the last 24 hours after crypto entrepreneur Arthur Hayes predicted the token would eventually reach $10,000. Zcash rallied from $272 to a peak of $355 in the hours after Hayes’s “vibe check” post on X on Sunday with the bullish prediction, outperforming all other top 50 tokens by market capitalization over the same time frame. This isn’t the first time Hayes’ predictions have been linked to a token’s rise. At the August WebX 2025 conference in Tokyo, he stated that Hyperliquid’s HYPE token…
Western Union Says Stablecoins Are faster and cheaper
Financial services company Western Union is set to pilot a stablecoin-based settlement system to modernize its remittance operations for its more than 150 million customers. During Western Union’s third-quarter earnings call on Thursday, CEO Devin McGranahan said the pilot is “focused on leveraging onchain settlement rails to reduce dependency on legacy correspondent banking systems, shorten settlement windows, and improve capital efficiency.” “We see significant opportunities for us to be able to move money faster with greater transparency and at lower cost without compromising compliance or customer trust.” Western Union processes…
The Bitcoin Stock-To-Flow ModelIsn’t the Best BTC Forecast Model: Analyst
Bitcoin’s (BTC) Stock-to-Flow (S2F) model, one of the most widely cited BTC valuation frameworks, forecasts a peak price of $222,000 during this market cycle, but investors should exercise caution when using the model, according to André Dragosch, the European head of research at investment firm Bitwise. The Stock-to-Flow model does not take into account demand-side factors, and instead, centers its price modeling on Bitcoin’s halvings, which reduce the amount of newly issued BTC by half every four years, Dragosch said. He added: “Today, institutional demand via Bitcoin exchange-traded products (ETPs)…
Kyrgyzstan Launches Stablecoin And Confirming Future CBDC
Kyrgyzstan has rolled out a new stablecoin pegged 1:1 to the Kyrgyzstani som, while confirming plans to issue a central bank digital currency and explore a digital asset reserve. The KGST stablecoin will run on the BNB Chain, and BNB (BNB) would be included in the crypto reserve if launched, according to former Binance CEO Changpeng ‘CZ’ Zhao, who attended the National Council for the Development of Virtual Assets and Blockchain Technologies’ second meeting on Friday with President Sadyr Japarov. The first meeting took place around April, when CZ became…
CZ’s Pardon Followed Costly Binance Lobbying in Washington
Former Binance CEO Changpeng “CZ” Zhao’s pardon by US President Donald Trump came after an extensive and expensive lobbying campaign in Washington. Zhao, who served a four-month prison sentence last year for violating US Anti-Money Laundering (AML) laws, benefited from a months-long effort by Binance and its legal team to win over key figures in Trump’s orbit, according to a Sunday report by Politico. In late September, Binance hired Ches McDowell, a close associate of Donald Trump Jr., and his North Carolina-based firm Checkmate Government Relations to lobby the White…