Sberbank Joins Russia’s First Registered Crypto Custodians

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Bitcoin ‘Accumulation’ Echoes 2023 as Binance Reserves Drop 40,000 BTC

Bitcoin (BTC) outflows from largest crypto exchange Binance set multiyear records in late September, new analysis reveals. Key points: Binance net Bitcoin outflows passed 23,000 BTC in the fourth week of September, their highest in over three years. CryptoQuant analysis saw better odds of BTC/USD breaking out of its current range as a result. Whales…

Pudgy Penguins-Backed Abstract L2 to Shut Down

Abstract, a consumer-focused Ethereum layer-2 blockchain built by Pudgy Penguins’ parent company Igloo Inc., said Tuesday it will shut down this year after struggling to scale and find product-market fit. In an X post, Abstract said its focus on “consumer crypto” ultimately proved to be an unsustainable business model. Abstract launched its mainnet in January…

Bitcoin.de Seeks New Model After BaFin Rejects MiCA Bid

Bitcoin Group SE says it is seeking an alternative operating model for its bitcoin.de platform after the German Federal Financial Supervisory Authority (BaFin) refused its subsidiary futurum bank AG’s application for authorization as a crypto-asset service provider under Markets in Crypto-Assets Regulation (MiCA). In an Oct. 6 announcement, the company said the BaFin decision was…

Crypto is expanding the boundaries of what can be priced

Elections attract global interest. So do inflation reports, commodity prices, private company valuations, and major corporate milestones. The crypto industry is now pursuing the idea that attention itself is economically valuable. If people care about any given development, there is probably demand for a market that reflects collective expectations about it. In effect, blockchain technology…

Capital Starting To Rotate Back To Crypto From AI: Raoul Pal

A weakening US dollar could give crypto the “green light” and help extend the industry’s rally, says Real Vision founder Raoul Pal. He tells Cointelegraph on the latest episode of Trade Secrets that higher bond yields and the strong dollar are keeping liquidity from flowing freely. “If they can engineer the dollar lower, then we…

Bill aims at stopping US lawmaker bets on their own elections ahead of midterms

The No Betting on Your Own Race Act will not be addressed before the 2026 US midterms as Congress is on recess until after the election. Source link

Bitcoin Coils Below $87,000 Ask Liquidity as Stocks Return to All-Time Highs

Bitcoin (BTC) continued to circle $86,000 on Tuesday as US stock markets hit fresh all-time highs. Key points: Bitcoin attempted to move toward $87,000 but faces ongoing friction from ask liquidity clustered around this key level. US stock markets returned to all-time highs, with the S&P 500 Index adding 0.8% to reach 7,835 points. BTC…

Polymarket Rolls Out Protocol V2, Plans Expansion Beyond Polygon

Prediction market platform Polymarket is rebuilding its smart contract infrastructure, laying the groundwork for new market features and potential expansion beyond Polygon. Polymarket began rolling out Protocol V2 on Monday, introducing a new smart contract system designed to support different market types through a single exchange, ​​according to an X post by Rajath Alex, the…

Peter Thiel-backed Founders Fund leads a $5 million token buy in crypto collateral protocol Anvil

“Businesses need to know the commitments behind payments and credit will be honored,” Joey Krug, a partner at Founders Fund, said in the announcement. “Anvil lets them secure those commitments with verifiable digital asset collateral, and the new SDK makes it easier to integrate into their products.” Anvil Research Labs named Consensus, Bitcoin.com, payments company…