Bitcoin Corporate Treasuries Stay Underwater With BTC Price Below $80,500

Bitcoin (BTC) is no longer a target for corporate treasuries as current buyers sit on unrealized losses, new research shows. Key points: Bitcoin corporate treasuries added just 5,900 BTC over three months, a fraction of 2025 acquisition rates. Previous buyers remained in unrealized losses on their holdings, with their aggregate cost basis at $80,500. Analysis…

UK FCA Issues Crypto Authorization Guidance Ahead of New Regime

The UK Financial Conduct Authority has issued final guidance outlining when crypto activities may require authorization under the country’s incoming regulatory regime. The guidance covers activities such as issuing qualifying stablecoins, operating crypto trading platforms, dealing and arranging transactions, safeguarding cryptoassets and arranging crypto staking. It is intended to help firms determine whether their activities fall within the regulatory…

Bitcoin Holds $76K After Fed Rate Hike

Bitcoin held near its pre-Fed announcement levels of around $76,000 on Wednesday despite the US Federal Reserve raising its benchmark interest rate for the first time since 2023 to address persistently high inflation.  The Fed’s Federal Open Market Committee on Wednesday voted unanimously to raise rates by 25 basis points to a target range of…

Revolut hackers demand $3 million in Monero, threaten to sell customer data

The hackers behind a data breach at Revolut are demanding $3 million worth of monero (XMR) within 24 hours, threatening to sell the stolen customer data to other criminal groups if the bank refuses to pay, according to the Financial Times. The group, which calls itself “iamnotavillain,” posted the demand Wednesday alongside a countdown clock,…

CLARITY Act could get another shot during lame-duck session, policy advocate says

Digital Sovereignty Alliance managing director Adrian Wall said senators from both parties are considering another attempt to advance the crypto market structure bill before the current Congress ends. Source link

Ethiopia Cuts Bitcoin Mining Power Amid Hydro Shortage

Ethiopia has reportedly reduced electricity delivered to Bitcoin miners to 23% of contracted levels as lower water inflows strain the country’s hydroelectric reservoirs. On Tuesday, Bloomberg reported that El Niño intensified dry conditions in the east African country, reducing water inflows into its reservoirs by 20%. Ethiopian Electric Power (EEP) CEO Ashebir Balcha said the…

ECB seeks online merchants for 2027 digital euro pilot

Euro-area online and mobile merchants can apply until Oct. 27 to test beta digital euro payments in a 12-month pilot. Source link

U.S. House’s tax committee advances crypto tax bill in wake of Clarity Act loss

Less than 24 hours after the collapse of the crypto industry’s market structure bill, the tax committee in the U.S. House of Representatives has advanced another important industry effort that would clarify crypto tax treatment and ease burdens on casual transactions. At a Wednesday hearing known as a markup, in which a committee evaluates a…

Bernstein Expects ‘Aggressive’ Rulemaking from SEC, CFTC, Following CLARITY Act Failure

Bernstein analysts expect “aggressive and swift” rulemaking from the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), after the Digital Asset Market Clarity (CLARITY) Act failed to pass a Senate cloture vote on Tuesday. Bernstein analysts said the regulatory agencies will publish new regulations to “make up for the time lost…

Bitcoin Stays Near Monthly Lows as Fed Rate-Hike Odds Pass 90%

Bitcoin (BTC) stayed near monthly lows at Wednesday’s Wall Street open as markets awaited the US Federal Reserve’s decision on interest rates. Key points: Bitcoin continued to trade under $76,000 into the Federal Reserve interest-rate decision. It stands near its lowest levels since Aug. 21. Markets saw nearly 93% odds of the Fed enacting a…