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Crypto, Bitcoin and Blockchain News Admin: @wanwangg More Crypto News: @BitcoinBreaking
💰 206 SEC registered funds hold Bitcoin ETFs including Canadian banks and Goldmach Sachs
According to 13F filings released so far for the past quarter, 206 companies listed in the US with over $100 million in assets invested have confirmed to the SEC ownership of spot Bitcoin ETF shares. Notable inclusions in the most recent wave of 13F filings include JP Morgan Chase, Goldman Sachs, Bank of Canada, HSBC, Morgan Stanley, Bank of America, UBS Group, and the State of Michigan Retirement Fund.
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💰 Bitfinex hacker Ilya Lichtenstein sentenced to five years in prison for attempting to launder 120,000 bitcoin
Ilya "Dutch" Lichtenstein has been sentenced to five years in prison for his role in the 2016 hack of crypto exchange Bitfinex and subsequent money laundering, Bloomberg reported on Thursday. Lichtenstein had been charged with conspiracy to commit money laundering and conspiracy to defraud the United States, which carry maximum sentence of 20 and five years, respectively.
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💰 Bitcoin briefly breaks above $90,000 amid rally led by Trump's victory
Bitcoin surged beyond the $90,000 level Tuesday afternoon, reaching a new all-time high amid an extended rally following the victory of U.S. President-elect Donald Trump. The world’s largest cryptocurrency by market capitalization climbed another 1.8% over the past 24 hours to trade at $90,000 at the time of writing, according to The Block’s price page. It has risen over 30% over the past week.
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💰 StanChart sees total crypto market cap climbing 5x to $10 trillion by 2026-end
Standard Chartered said the recent Republican win in the US elections could serve as a major catalyst for digital assets, potentially driving their combined market cap from $2.5 trillion to $10 trillion by the end of 2026. The bank’s latest report outlines how anticipated regulatory shifts under the new administration may pave the way for mainstream adoption of digital assets as policy changes and regulatory rollbacks foster a more favorable landscape.
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💰 Bitcoin breaks new all-time high above $74,000 amid Trump's early lead on Election Day
Bitcoin's price has crossed the $73,737.94 mark to set a new all-time high, as the market processes Republican candidate Donald Trump’s early lead in the 2024 presidential election. Bitcoin has risen 9.5% over the past 24 hours to currently change hands at around $74,700, according to The Block’s price page.
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💰 German tradFi giants confirm trial to mine Bitcoin with surplus energy to stabilize grid
German telecom giant Deutsche Telekom has partnered with Germany’s oldest bank, Bankhaus Metzler, to launch a pilot project testing Bitcoin mining infrastructure powered by surplus renewable energy. The initiative aims to utilize excess electricity from renewable sources that would otherwise remain unused due to grid limitations or insufficient storage options.
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🇺🇸 DOJ indicts Gotbit CEO for allegedly orchestrating massive wash trading scheme
The Department of Justice has indicted Aleksei Andriunin, founder and CEO of crypto financial services firm Gotbit, on charges of wire fraud and conspiracy to commit market manipulation. Andriunin, a Russian national residing in Portugal, allegedly orchestrated a scheme to artificially inflate trading volumes for client crypto companies, including several based in the US. He was arrested on Oct. 16.
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💰 Bitcoin nears all-time high with stable metrics, signaling strength for further upside – K33 Research
Bitcoin (BTC) is not showing signs of frenzy, unlike March, which indicates room for further growth in price, according to K33 Research report published on Oct. 29. Despite the impressive over 8% gain over the past week, Bitcoin’s trading volumes remain subdued. Daily trade volume averages $2.6 billion, nearly half the levels observed in the year’s first quarter. The relatively quiet market activity suggests a healthy, gradual buildup rather than panic-driven buying.
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🪙 Vitalik Buterin says The Purge can help reduce Ethereum’s complexity and storage requirements
One of the problems of Ethereum, or any blockchain, is that it grows in size over time. This means an increase in the complexity of its code and its storage requirements. A blockchain must retain all the data throughout its history which needs to be stored by all clients and downloaded by new clients. This leads to a constant increase in client load and sync time.
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💰 Bitcoin miners combined $28 billion market cap potentially undervalued compared to BTC trading volumes
Bitcoin’s daily trading volume is regularly surpassing the total market capitalization of public Bitcoin mining companies, amid concerns public miners are overvalued. On Oct. 21, Bitcoin recorded $37 billion in spot trading volume, maintaining a trend between $20 billion and $40 billion throughout 2024. Bitcoin derivative’s open interest has also reached an all-time high of around $40 billion.
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🇺🇸 SEC gives NYSE and Cboe the go-ahead to list options trading for multiple spot bitcoin ETFs
The U.S. Securities and Exchange Commission has given NYSE American LLC and Cboe Exchange, Inc. the green light to list and trade options on multiple spot bitcoin exchange-traded funds. "Specifically, the Commission finds that the proposed rule change is consistent with Section 6(b)(5) of the Act, which requires that an exchange have rules designed to prevent fraudulent and manipulative acts and practices, to remove impediments to and perfect the mechanism of a free and open market, and to protect investors and the public interest," the agency said in both filings.
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💰 Bitcoin accumulation fuels market uptick signaling potential surge in price
Bitcoin flirts with the $70,000 mark once again, the mysterious maneuvers of crypto whales are catching keen eyes. With their holdings swelling from 3.2 to 3.6 million BTC this year, these large players are no strangers to shaping market tides. Historically, their strategic acquisitions have paved the path for major price rallies.
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💰 Analysts eye 'Uptober' rally if bitcoin stays above $60,000 amid stock market gains
QCP Capital analysts remain hopeful for a bullish "Uptober" rally, contingent on bitcoin holding above the $60,000 support level. "U.S. equities indices have rallied, with the S&P 500 notching a new high, although the same level of optimism has yet to be seen in crypto, but we remain hopeful of an 'Uptober' rally as long as the $60,000 key support level remains intact," QCP Capital analysts said.
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💰 Bitcoin dips toward $60,500 amid unexpected core inflation rise, overall YoY declines to 2.4%
Bitcoin remained above $60,500 after US inflation data released today showed higher-than-expected figures. The Core Inflation Rate year-over-year for September rose to 3.3%, surpassing the consensus estimate of 3.2%. Monthly core inflation increased by 0.3%, exceeding the forecasted 0.2%. Overall inflation rose by 0.2% month-over-month, with an annual rate of 2.4%, slightly above the expected 2.3% but still down from last month’s 2.5%.
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💰 Bitfinex deemed ‘sole victim’ eligible for recovery of $7.4 billion Bitcoin hack
A new US government filing suggests that Bitfinex may be the sole entity eligible for restitution in connection with the 2016 hack that resulted in the theft of approximately 120,000 BTC. Bitfinex’s LEO token jumped 14% to $6.85 following the release of the documents.
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💰 Michael Saylor says bitcoin is 'Manifest Destiny' for the US amid Red Wave, with $100K NYE party plans underway
MicroStrategy co-founder and Executive Chairman Michael Saylor said bitcoin is “Manifest Destiny” in the United States, reflecting on the Republican U.S. election sweep, potential new pro-crypto Securities and Exchange Commission Chair and MicroStrategy’s plans to acquire another $42 billion worth of BTC.
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💰 BlackRock’s Bitcoin ETF climbs to top 1% in record-breaking 211 days
BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed every exchange-traded fund (ETF) launched in the past decade in terms of total assets. On Nov. 13, Bloomberg’s ETF analyst Eric Balchunas reported that IBIT reached $40 billion in assets— just two weeks after hitting $30 billion. This achievement came in a record 211 days, almost 6x lower than the previous record of 1,253 days set by the iShares Core MSCI Emerging Markets ETF (IEMG).
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💰 Future Bitcoin upgrades require contrasting stakeholder support evolving across launch timeline
Delving deep into Bitcoin's governance, Steve Lee from Spiral offers a masterful dissection of Bitcoin's intricate consensus mechanisms and the stakeholder dynamics that govern protocol upgrades. With experience in product management and open-source development, Lee navigates through the potential risks of soft and hard forks, unraveling how diverging stakeholder motivations.
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💰 Spot Bitcoin ETFs on track for record-breaking day following Trump win
BlackRock’s spot Bitcoin (BTC) ETF recorded an impressive $1 billion in trading volume within just 20 minutes of market opening on Nov. 6, spurred by President-elect Donald Trump’s victory in the US elections. The surge reflects heightened investor confidence in a pro-crypto administration under Trump, who defeated incumbent Vice President Kamala Harris.
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💰 Bitcoin mining difficulty reach all-time high on US election day
Bitcoin mining difficulty has reached a historic peak, surpassing 100 trillion on the same day as the US elections, signaling an intense landscape for miners. On Nov. 5, Bitcoin’s mining difficulty jumped 6.24%, reaching 101.65 trillion at block height 868,896, setting a new all-time record. This marks the 23rd difficulty adjustment of 2024, with 14 of these increases pushing the total difficulty by 40% this year.
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🚨 Crypto Exchange M2 Confirms $13.7 Million Breach, Says Issue Resolved Within 16 Minutes
The United Arab Emirates-based cryptocurrency exchange, M2 Exchange, said it swiftly resolved a security incident on Oct. 31 that involved $13.7 million. The exchange said customer funds lost during the incident had been restored, and normal service had resumed with additional security measures in place. Cybersecurity firm Cyvers detected suspicious transactions involving the exchange across the Ethereum, Solana, and Bitcoin networks.
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🇺🇸 Florida's CFO says state holds about $800 million in crypto investments
Florida's Chief Financial Officer Jimmy Patronis said Thursday during a televised interview with CNBC that the state holds about $800 million in "crypto-related" investments in its portfolio. Patronis said he would not be surprised if the amount grew should former President Donald Trump be reelected next month. Earlier this week, Patronis said in a letter that Florida should direct "a portion of state retirement system monies into cryptocurrency."
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💰 Bitcoin expected to face high volatility as ‘Trump trade’ and Q4 seasonality converge – Bitfinex
Bitcoin (BTC) is set for turbulent weeks ahead, with election uncertainty, the “Trump trade” narrative, and historically favorable fourth-quarter conditions creating a “perfect storm” for market movement, according to the latest “Bitfinex Alpha” report. Bitcoin has already demonstrated “whipsaw” price action following the 6% correction BTC underwent last week after approaching $70,000.
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🇰🇷 South Korea to regulate cross-border crypto trades by 2025
South Korean authorities are preparing to regulate cross-border digital asset transactions beginning in late 2025, according to an Oct. 25 report by Reuters. Under this framework, Korea-based companies facilitating digital asset transactions across borders must pre-register with regulatory bodies and submit monthly transaction reports to the Bank of Korea.
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💰 BlackRock's spot bitcoin ETF draws in over $1 billion so far this week
Spot bitcoin exchange-traded funds in the U.S. reported total daily net inflows of $470.48 million on Thursday, extending the positive flows that continued this week. The 12 funds have accumulated over $1.85 billion in net inflows so far this week. “Favorable macroeconomic conditions are [playing] a crucial role; central banks around the globe are lowering interest rates, driving investors toward alternative assets,” said Rachael Lucas, crypto analyst of Markets.
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💰 Tesla moves its remaining estimated $770 million bitcoin stockpile to multiple new addresses
Tesla, the electric vehicle juggernaut operated by Elon Musk, has moved 11509 bitcoins worth an estimated $770 million to new addresses, according to onchain data tracked by analytics firm Arkham Research. This appears to be the company's entire remaining bitcoin treasury. In a series of transactions over the past hour, the company, which made an unprecedented $1.5 billion investment into bitcoin in February 2021, moved approximately $770 million worth of the cryptocurrency to about seven new addresses.
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💰 Former Bitcoin developer points out missing detail undermining HBO's claim that Peter Todd is Satoshi
Following Tuesday night’s release of the HBO documentary "Money Electric: The Bitcoin Mystery," former Bitcoin Core developer Gregory Maxwell pointed out an overlooked detail undermining filmmaker Cullen Hoback’s case that Bitcoin’s pseudonymous creator is another early Bitcoin developer, Peter Todd. The nearly two-hour documentary, billed as a “globe-trotting investigation” out to “solve one of the internet’s greatest mysteries” interviewed a series of different people involved in Bitcoin and examined various clues before finally zeroing in on Todd — something the developer immediately denied.
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💎 TON Blockchain has been integrated into Ledger Live, allowing users to manage Toncoin and $Pando tokens directly within the app.
🚪 Play Now: @PandoOnTonbot
✈️ @PandoOnTon