Bitcoin Insurer Meanwhile Secures $37.5 Million
@Meanwhile, a life insurer focused on $BTC raised $37.5M in a Bain Capital Crypto-led round, expanding its operations outside the U.S., totaling $180M raised to date. #Update #Crypto $BTC
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Bitcoin Operator Sentenced to 40 Years
Raheim Hamilton, co-creator of Empire Market, sentenced to 40 years and forfeits 1,230 bitcoin ($101M) following drug trafficking operations. He faces a $5M fine. #Breaking #Legal $BTC
Bitcoin Transfers $81.1 Million to Galaxy Digital
MARA Holdings transferred approximately 996 BTC ($81.13 million) to Galaxy Digital, marking a strategic pivot towards AI and high-performance computing. Shares rose 2% to $10 as Bitcoin surpassed $82,000. #Update #Crypto $BTC
XRP ETFs Surge While BTC ETH Funds Decline
Bitcoin ETFs lost $244 million on Thursday, while ZEC funds continued October outflows; however, XRP ETFs showed gains. Bitcoin is nearing $82,000 after a $1 billion liquidation. #Update #Crypto $BTC
Bitcoin Lending Launches with $500 Million Commitments
@AnchorageDigital partners with Hashi to launch a Bitcoin lending platform targeting $1 trillion in dormant Bitcoin, enabling institutional users to access collateralized loans for real-world expenses. #Update #Crypto $BTC
Solana Halves Block Times with 200ms Upgrade
@Solana is set to reduce block production time to 200 milliseconds on Friday, enhancing transaction speed and efficiency. This completes a series of upgrades since August. #Update #Crypto $SOL
XRP Ledger Launches New Controls for Banks
The XRP Ledger activated PermissionDelegationV1_1 on Oct. 8, enabling account owners to grant specific permissions without sharing keys, enhancing security for businesses in crypto transactions. #Update #Crypto $XRP
Ethereum Bets Wiped Out Sixfold in $1B Flush
Ether saw $356 million in liquidations, six times the rate of Bitcoin’s $298 million, amid a total market flush of $1.19 billion; Ether fell 3% to $2,490. #Update #Crypto $ETH
Tether Investigation Links Cantor Fitzgerald and Senate
@SenBlumenthal probes @CantorFitzgerald over Tether’s U.S. asset management amid concerns of illicit finance and sanctions evasion; Democrats eye majority in Congress for potential regulatory power. #Update #Crypto $USDT
Tokenization Surges Beyond Bitcoin and Ether
Citrini’s report highlights the potential of tokenized financial assets, naming platforms like @Aerodrome and @Maple for trading and lending, while cautioning that increased activity doesn’t guarantee higher token prices. #Update #Crypto $AERO $PENDLE $OND $AAVE $LINK
Bitcoin Drops 4% Nears One Month Low
@NFL challenges CFTC’s oversight of prediction markets, arguing it undermines state regulations and integrity of games. Ex-CFTC head Gary Gensler supports this stance. #Update #Legal $BTC
Bitcoin Surges 30% Outpacing Stocks Gold
The CoinDesk 80 index rose 57.4% in Q3, with Uniswap ($UNI) leading at 220%. Institutional demand for digital assets increased, despite earlier BTC sales. #Update #Crypto $BTC
Bitcoin Transfers $1 Billion from Bitfinex Hack
U.S. government wallets transferred 12,267 $BTC (approx. $1.01B) from a Bitfinex hack wallet without recorded sales, indicating potential reshuffling amid significant prior exchange activity. #Update #Crypto $BTC
EU Regulator Bans Unauthorized Stablecoins in 3 Months
EU regulators mandate crypto firms to cease services for unauthorized stablecoins, allowing limited resolutions until Jan. 8, 2027. Platforms must follow national guidelines for client holdings. #Update #Crypto $USDT