Bitcoin ETFs Suffer Worst Loss Since June as Uptober Turns Red

Strategy shareholders face dilution drag despite brighter bitcoin forecasts, TD Cowen says

Standard Chartered to Offer Digital Asset Custody in Singapore

U.S. government moves $1 billion in bitcoin from Bitfinex hack wallet, no sale indicated

The U.S. government has reportedly moved approximately $1 billion worth of Bitcoin, specifically 12,267 BTC, from wallets associated with the 2016 Bitfinex exchange hack. On-chain data from Arkham indicates that these significant funds were transferred to new, unlabeled wallets, rather than directly to an exchange for sale, suggesting that an immediate liquidation is not intended. This movement occurred just a day after a separate transfer of $383 million in Bitcoin was observed reaching Coinbase Prime. The U.S. government is a major holder of seized Bitcoin, primarily from cases like the Silk Road darknet market, and these large-scale movements are closely monitored by the market for potential implications on Bitcoin's supply and price dynamics.

Bitcoin pulls back as analysts forecast $80,000-$90,000 Q4 trading range

Why Bitcoin’s Liquidity Advantage Matters as Institutions Move In

SALT Lending CEO Shawn Owen highlights Bitcoin's superior liquidity and portability compared to traditional assets. He explains why these advantages are crucial as institutions increasingly adopt Bitcoin, suggesting this institutional movement is just beginning.

Shawn Owen: Bitcoin’s First Institutional Cycle Has Arrived

Shawn Owen, CEO of SALT Lending, asserts that Bitcoin is currently experiencing its first significant institutional cycle. He observes a strong 'fear of missing out' (FOMO) among banks, indicating their accelerated adoption of Bitcoin-related services. Owen, in an interview with Grace and Sean, discusses the landscape of Bitcoin lending and the broader shift towards institutional integration within the Bitcoin ecosystem.

Bitcoin ETF investors head for the exit, and it's the biggest rush in months

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

Bitcoin loans are paying for tuition and working capital, not just trades, lenders say

Bitcoin-backed lending is rapidly evolving into a mainstream financial product, moving beyond its initial use cases for speculative trading. Lenders indicate that borrowers are increasingly utilizing their Bitcoin holdings to secure loans for essential personal and business expenditures, such as covering tuition costs and obtaining working capital. This mechanism enables Bitcoin holders to access crucial liquidity without being compelled to sell their BTC, thereby allowing them to maintain their long-term investment positions. This trend underscores a growing integration of Bitcoin into broader financial planning and credit markets, highlighting its practical utility for diverse real-world needs.

Jack Dorsey’s Block Gifts One Bitcoin to Lucky ComplexCon Attendee

Jack Dorsey’s fintech company, Block, made a significant move to accelerate Bitcoin adoption by gifting one full Bitcoin (1 BTC) to a fortunate attendee at this year’s ComplexCon in Los Angeles. Block actively participated in the annual Complex Networks event with the explicit goal of introducing new users to Bitcoin, which it refers to as the leading cryptocurrency. The initiative aims to leverage "culture" as a means to onboard newcomers to the Bitcoin ecosystem, demonstrating Block's commitment to widespread Bitcoin integration and usage. The article, originally published by Bitcoin Magazine, highlights Block's persistent efforts in this domain.

Russia’s Sberbank Given Green Light to Custody Bitcoin 

Russia’s largest financial institution, Sberbank, has announced that it has received the green light from the Bank of Russia to provide bitcoin custody services. This makes Sberbank the first bank in the country to be approved for “digital currency record-keeping” and the facilitation of digital asset transfers. The approval primarily pertains to bitcoin, with a secondary mention of other, smaller digital assets.

Robinhood Adds Bitcoin to Its Balance Sheet: A Strategic Signal from a $100B Fintech

Robinhood, a prominent $100 billion fintech company, has made its first corporate Bitcoin holding by adding $25 million, equivalent to approximately 294 BTC, to its balance sheet. This strategic decision by Robinhood is presented as a significant signal from a major financial technology firm within the broader Bitcoin ecosystem. The article, initially featured in Bitcoin Magazine and authored by Nick Ward, emphasizes the importance of this development.

Bitcoin’s recovery stalls just short of rescuing its last underwater cohort

Bitcoin ETFs rebound with $119M inflow as Ether extends losses

Robinhood adds bitcoin worth $25 million to its balance sheet

Robinhood, the financial services company, has publicly announced that it has added $25 million worth of Bitcoin to its corporate balance sheet. This significant institutional acquisition was confirmed by a senior vice president and general manager overseeing Robinhood's crypto and international operations, during an interview with The Starting Block on Wednesday. The move signals a growing trend among major platforms to incorporate Bitcoin into their treasury holdings.

Robinhood adds $25 million worth of bitcoin to balance sheet as it deepens crypto push

$350M St Cloud CEO: The First Credit Union to Put Bitcoin on Core Ledger | Jed Meyer

St. Cloud, a credit union established in the 1930s, has reportedly become the pioneering institution to integrate real Bitcoin directly onto its core ledger. Its CEO, Jed Meyer, is noted for elaborating on the credit union's novel hybrid vault model for Bitcoin custody. The institution has quietly accumulated over 20 BTC, marking a significant step in institutional adoption of digital assets within traditional financial frameworks.

StoneX’s Mark Palmer: $435 MSTR Price Target Explained – DAT Consolidation Outlook

Binance BTC outflows hit highest since mid-2023 as whales deposit stablecoins

Binance has seen its highest Bitcoin (BTC) outflows since mid-2023, indicating significant movements on the exchange. Since September 20, the platform's BTC reserves have reportedly decreased by nearly 40,000 coins. This notable shift is attributed to large market participants, or 'whales,' who have been observed depositing stablecoin capital back into their exchange wallets. These movements suggest a change in the allocation or trading strategies of major holders on the Binance platform.

Bitcoin ETFs shed $90M as BTC sits 32% below year-old ATH

Bringin Opens Euro Business Accounts for Bitcoin Companies Across 30 European Countries

Bringin has launched Euro business accounts specifically for Bitcoin companies, now accessible across 30 European countries. These accounts leverage MiCA-authorized infrastructure provided by Lightspark Payments Europe AS. A key feature is the robust security mechanism where account keys are stored within a hardware security module (HSM), ensuring that only the designated owners have the authority to initiate fund movements. This development aims to provide essential banking services tailored for the Bitcoin industry within the European market.

Strive Adds $169M Bitcoin in Its Biggest Buy in Four Months

Strive, a Nasdaq-listed company recognized for its substantial bitcoin treasury, co-founded by Vivek Ramaswamy, recently executed a significant acquisition of Bitcoin. The company purchased approximately 2,000 BTC last week, representing an investment of roughly $169 million. This transaction marks Strive's largest single Bitcoin acquisition in the past four months, elevating their total Bitcoin holdings to an impressive 29,462 BTC.

Coinbase’s Ryan VanGrack: CFTC Approval “Opens Many Doors” for Bitcoin

Coinbase's Ryan VanGrack discusses the significant opportunities that CFTC approval could unlock for Bitcoin, suggesting it will open many doors for the cryptocurrency. He also addresses the impact of proposed SEC rules, indicating they could boost direct Bitcoin ownership among financial advisors. VanGrack expresses a view that both Bitcoin exchange-traded funds (ETFs) and direct holding strategies can successfully coexist and thrive within the evolving regulatory environment.