Bitcoin price bounced back to trade near $84,000 after hitting a seven-day low of $82,500. Despite a nearly 1% daily decline, it remains up more than 7% for the month. Sunday Sell-Off and Morning Recovery The Bitcoin price appeared to have recovered from its early morning slump as it rebounded from just over $82,500 early …
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A U.S. diesel export ban could raise fuel costs abroad and eventually push American gasoline prices higher, Devere Group CEO Nigel Green warns. His Sept. 28 assessment comes as oil rises following President Donald Trump’s rejection of Iran’s Strait of Hormuz proposal. Why Green Sees a Risk Beyond U.S. Borders Higher transport and production costs …
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Bitget told Bitcoin.com News that it has started restoring withdrawals after attackers exploited a third-party security vulnerability to steal approximately $388 million from the cryptocurrency exchange. The crypto exchange said its private keys and cold wallets were never compromised, while customer balances remain intact. By Monday morning, Bitget had processed 9,585 bitcoin withdrawals totaling 4,098 …
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Bitmine Immersion Technologies, the largest publicly traded ether treasury, surpassed another milestone this week, announcing that it now holds over 6 million ETH following a fresh round of purchases. Bitmine’s ETH Stockpile Grows The Nasdaq-listed company now holds a total of 6,001,302 ETH valued just above $16 billion at a recent price of $2,681 per …
Continue reading “Tom Lee’s Bitmine Hits 6 Million Ether Milestone With $46M Buy”
U.S. crypto ETFs delivered a powerful week of inflows for the week ending Sept. 25, led by $2.39 billion entering bitcoin funds. Ether funds attracted $689.88 million, while solana, XRP, zcash and HYPE ETFs all finished the week with net gains. Blackrock, Fidelity Drive $1.86B Into Bitcoin ETFs in One Week The remarkable part of …
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Ripple’s RLUSD added $82.1 million in a single day to hit a record $2.49 billion, leaving it roughly $248 million behind Paypal’s PYUSD, which is shrinking this year. A Near-Tie at the Top of the Leaderboard Token Terminal data ranked the day’s biggest stablecoin gainers, with Paypal’s PYUSD coming in first with $82.7 million of …
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Strategy’s bitcoin shopping spree has rolled into another week, but this time, the company was buying back its own securities, too. Between Sept. 21 and Sept. 27, the firm acquired 1,665 BTC at an average price of $85,681 per coin, including fees and expenses. The purchase pushed its holdings to 847,666 BTC, accumulated for approximately …
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Ethereum co-founder Vitalik Buterin says advances in cryptography could turn decentralization from a performance cost into a scaling advantage for the network. In a Sept. 27 essay, Buterin described Ethereum’s long-term destination as a “cryptographic world computer,” an architecture in which computation and data can increasingly be distributed across different participants while compact proofs allow …
Shareholders of Armada Acquisition Corp. II, the cash-holding SPAC seeking to merge with XRP treasury company Evernorth Holdings, have until 5 p.m. Eastern on Sept. 28 to request redemption of their public shares, unless the board sets a later deadline. The merger vote is scheduled for Sept. 30. Every redeemed share removes cash that Evernorth …
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Scammers built a counterfeit version of Upbit-backed GIWA blockchain and lured 1,333 wallets into depositing 767 ETH, worth about $2 million, before draining almost all of it. The fake network appeared to be GIWA’s anticipated Ethereum Layer 2 mainnet, complete with an RPC endpoint, cross-chain bridge, and Chain ID 9134, the identifier associated with the …
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Leveraged funds moved 1,599 contracts further net short in standard CME Bitcoin futures during the week to Sept. 22, reversing the prior week’s easing, while asset managers added 411 contracts to their net long. The CFTC snapshot captures two major trader groups moving in opposite directions as Bitcoin enters a new week. At five BTC …
Bitcoin’s price enters a five-day stretch that starts with an unexplained Oval Office announcement and ends with the September jobs report, and traders can’t hedge the first one. The Blank Space on the Calendar Nobody outside the White House knows what the announcement covers. Julia Manchester of The Hill reported the timing on Sunday but …
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Bitcoin closed the week at $84,467, its highest weekly finish in eight months, and then gave back 1.5% before most of the U.S. woke up on Monday. The Numbers The week starting Sept. 21 saw BTC open at $81,178 and close at $84,467. No weekly close has been higher since the last week of January, …
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Settlemint and Utila have partnered to address a critical operational bottleneck for financial institutions moving tokenized assets from pilot phases into production environments. Bridging the Gap to Production Enterprise blockchain platform Settlemint and digital asset infrastructure provider Utila announced a partnership aimed at helping financial institutions move tokenization projects from experimental pilot phases into …
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U.S. spot XRP exchange-traded funds (ETFs) now hold nearly 1.18 billion XRP after another week of inflows, a stockpile roughly the size of the 1 billion XRP that Ripple’s escrow can release on Oct. 1. The Number on the Dashboard Across seven funds, custodians hold 1,179.62 million XRP, equal to 1.18% of the fixed 100 …
Continue reading “XRP ETFs Hoard 1.18 Billion XRP as Ripple Readies a 1 Billion Unlock”
