Bitcoin Price Drops to $81,000 for the First Time in Nearly Three Weeks

Bitcoin (BTC) risked losing key support at $82,500 after Thursday’s Wall Street open as oil prices gained over concerns of US-Iran military action. Key points: Bitcoin returned to $81,000 for the first time since Sept. 21 amid fresh concerns about US-Iran military action. US 30-year bond yields set another multidecade high as a senior Fed…

Institutions Moving Toward Tokenized Onchain Future, ‘No Going Back,’ Says Fidelity

Financial institutions are increasingly moving toward an onchain future with tokenization initiatives which provide access to new markets and offer structural advantages compared to traditional investment products, according to Matthew Horne, head of digital asset strategists at Fidelity Investments. “In the last 18 months, if you look at the push by true institutions to move…

EU Lawmakers Push Crypto Onto Anti-Corruption Agenda

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‘Bunker mode’ is a far greater challenge for institutions than individual crypto holders

As crypto debates whether holders should move funds before AI or quantum advances expose wallet keys, custody firms face a separate problem: upgrading systems before an emergency migration. Source link

Sui’s Hashi Bitcoin Network to Launch With $500M in Capital Commitments

Mysten Labs’ Hashi Bitcoin finance network will begin a phased rollout in October with more than $500 million in capital commitments from its launch partners. Hashi uses Bitcoin (BTC) as collateral in Sui applications by minting hBTC on Sui against deposited Bitcoin, the Sui Foundation announced Thursday. Applications could include lending, borrowing, credit, vaults and…

Samsung Wallet to Launch USDC Transfers in October

Samsung plans to introduce USDC transfers to the Samsung Wallet payment app for eligible US Galaxy users in the last week of October. The company announced that the feature will let users send USDC to compatible crypto wallets internationally and transfer money to eligible bank accounts in more than 60 countries, where recipients can receive…

Cuomo Says Crypto’s GOP Backing Alienated Democrats

The crypto industry’s heavy backing of US Republicans has alienated Democrats whose support is needed to pass federal crypto legislation, says former New York Governor Andrew Cuomo. Speaking in a panel with OKX CEO Star Xu at Token2049 on Tuesday, Cuomo said the industry “believed in investing heavily in the Republican Party” as a way…

US Bitcoin ETFs shed $485M in biggest daily outflow since June

Bitcoin ETFs erased October’s net inflows with $485 million in withdrawals, while Ether funds logged a seventh straight outflow session. Source link

How people use bitcoin (BTC)-backed loans beyond trading

SALT, which began offering bitcoin-backed loans in 2016, initially catered to bitcoin miners—the entities that verify transactions on the blockchain in return for BTC rewards. More recently, however, the lender has seen an influx of institutional borrowers, alongside “Gen Xers and baby boomers who own bitcoin and want help understanding the loan process.” While SALT…

Conduit sues Tether over allegedly freezing $2.8M without explanation

The lawsuit alleged that Tether froze USDt funds in a Conduit wallet tied to an investigation launched by Brazilian authorities in 2024. Source link