Bitcoin Price Sinks Toward $80,000 as Korea’s Stock Rout Worsens

Bitcoin (BTC) fell to its lowest levels in over three weeks on Thursday as crypto tracked fresh losses on South Korean stock markets. Key points: Bitcoin reached new local lows of $80,154 as downside pressure returned to South Korean equities. The KOSPI closed Thursday at 5,554 points, its lowest since early April, driven by a…

At the White House, crypto policy vacancy looms large

During that legislative process, Sacks stepped down from the czar role in March, leaving Witt and his deputy, Harry Jung, trying to manage the administration’s crypto stance. That was complicated by the fact that President Trump’s own crypto empire figured prominently in the talks, as Democrats demanded that senior government officials be blocked from personal…

Babylon Moves Bitcoin Lending Proposal Forward on Aave V4

Bitcoin-focused developer Babylon Labs has submitted a proposal to let users borrow stablecoins on Aave against native Bitcoin (BTC). Under the hood, users would lock their BTC in vaults on the Bitcoin network and borrow against it on Aave. A non-transferable token on Ethereum would represent the collateral, while the BTC itself would remain on…

Russia to Ban P2P Crypto Trades, Block Self-Custody Transfers

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Bitcoin Risks Sub-$80,000 ‘Volatile Retest’ After US PPI Overshoot

Bitcoin (BTC) dipped below $80,000 on Thursday as US Producer Price Index (PPI) data significantly beat expectations. Key points: Bitcoin briefly traded below $80,000 on the back of a 100-basis-point overshoot in US PPI inflation data. September PPI measured 6.3% against market expectations of 5.3%, the biggest monthly jump since March 2022. BTC price analysis…

Starknet Opens Vote on Potential Ethereum L2 Exit

Ethereum layer-2 network Starknet has opened a non-binding vote asking STRK holders whether it should explore becoming an independent, post-quantum layer-1 blockchain. On Thursday, Starknet opened a seven-day poll, which offers three options: support further research, oppose it, or remain neutral pending more information. Voting closes on Oct. 22, with results published afterwards. A “Yes”…

South Korea Plans Cybersecurity Overhaul After Crypto Exchange Incidents

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Australia targets crypto exchanges with stiffer safeguard rules ahead of 2027 deadline

The rules take effect on April 8, 2027. Crypto firms already operating in the country have until Oct. 7 of the next year to apply for a license and can continue doing business while ASIC reviews their applications. For Australian investors, the changes would mean clearer rules on how exchanges hold their assets, execute orders…

CoinShares Expects Modest Inflows Into Thailand Crypto ETFs

Thailand’s first crypto exchange-traded funds (ETFs) may get off to a slow start despite Bangkok’s efforts to expand access to regulated digital asset investments. “I would expect modest inflows initially, with tens of millions of US dollars across the first products a more realistic starting expectation than billions,” James Butterfill, head of research at digital…

EU authority classifies Circle’s USDC as ‘significant’ under MiCA

The second-largest stablecoin by market cap will be overseen by French and EU authorities under its classification as a “significant e-money token.“ Source link