Following a comprehensive interview process, US Treasury Secretary Scott Bessent has narrowed down his shortlist of candidates for the Fed Chair position from 11 to five. The final candidate is expected to be announced in January, but it has been reported that this candidate may not take over immediately. According to senior Treasury officials, the
Hargreaves Lansdown, one of the UK’s largest retail investment platforms, has warned that bitcoin should not be treated as a core part of investment portfolios — even as it prepares to offer crypto products to clients for the first time. In a statement published on its website, the Bristol-based firm said bitcoin, despite its long-term
Recent research has revealed that the risk of a “51% attack” on Bitcoin (BTC) has been severely underestimated by the market. An attacker might only need to spend about $6 billion to completely take down the Bitcoin network, according to new work by Duke University finance professor Campbell Harvey. Harvey noted that both Bitcoin and
Andrew Webley, CEO of The Smarter Web Company, shared his latest weekly update. He revealed that SWC has expanded its Bitcoin holdings once again. The company purchased an additional 25 BTC, bringing its total reserves to 2,550 Bitcoin. The move highlights SWC’s steady accumulation strategy and continued belief in Bitcoin long term potential. Even amid
A crypto whale has pocketed over $160 million in profits after correctly betting on Bitcoin and Ethereum’s recent price decline. On October 11, blockchain analysis platform Lookonchain reported that a long-term Bitcoin holder had opened more than $1.1 billion in short positions on the top two cryptocurrencies by market capitalization. How Bitcoin Crash Made This
Despite current bearish sentiment, experts see Bitcoin’s (BTC) short-term crash as a temporary setback, with the asset poised for further gains. With Bitcoin nearing the $110,000 support level, analysts believe it could be headed for a blow-off top, a rapid, steep price surge driven by frenzied buying, typically followed by a sharp correction. Specifically, in
According to the Forbes piece, Donald Trump holds an estimated $870 million in Bitcoin, making him one of the largest individual BTC investors in the United States. Earlier this year, Trump Media (the media company behind Truth Social) announced plans to stockpile Bitcoin, effectively positioning the US president himself as the largest private BTC holder
Bitcoin price today trades near $112,450, recovering slightly after a violent 10% flash crash triggered by renewed U.S.-China trade tensions. The selloff, which erased over $7 billion in leveraged positions, sent BTC tumbling from the $120,000 zone to as low as $111,100 before buyers stepped in. The drop marks one of the steepest intraday declines
According to Binance data, during the recent market crash, the exchange’s shared insurance fund balance for BTC, ETH, and BNB USDT margined contracts decreased from $1.23 billion to $1.04 billion. During this period, a total of $188 million was deployed for risk management purposes during the period of extreme volatility. According to the data, the
US spot Bitcoin exchange-traded funds (ETFs) continued their strong “Uptober” performance with $2.71 billion in weekly inflows, marking another strong week for institutional demand. According to data from SoSoValue, total assets under management for Bitcoin ETFs climbed to $158.96 billion as of Friday, representing nearly 7% of Bitcoin’s total market capitalization. “Capital keeps flowing into