Following the government shutdown in the US, gold and Bitcoin (BTC) are facing off again as investors seek a safe haven. Analyst Frank Cappelleri, while evaluating the current picture, stated that gold has entered the overbought region even though it exhibits a strong trend technically, while Bitcoin is preparing the ground for a new rise.
ARK Invest CEO and Chief Investment Officer (CIO) Cathie Wood made remarkable statements on many topics, from global markets to US inflation, from the cryptocurrency industry to initial public offerings (IPOs), during the Bloomberg ETF IQ program on Bloomberg TV. Answering questions from Katie Greifeld, Eric Balchunas, and Scarlet Fu, Wood painted an optimistic picture
After a recent beta, OVERTAKE has flipped the switch on its official marketplace, and this time it’s leaning hard on Sui and a dash of AI to make buying and selling in-game items actually pleasant. The pitch is simple: take the messy parts of Web2 trading (high fees, slow or restricted settlements, clunky payment flows)
Two members of Sweden’s parliament, the Riksdag, have proposed that the country investigate establishing a strategic Bitcoin reserve to tackle inflation and diversify its holdings. They also want the government to promise it won’t change the legislation governing the monetary policy of Sweden’s central bank, to show it doesn’t intend to introduce a digital central
Bitcoin adoption and ongoing regulatory developments in the crypto space will play key roles in how markets for the world’s largest digital currency fare as October unfolds, according to multiple analysts. The cryptocurrency has been fluctuating between $110,000 and $120,000 since late September, according to Coinbase data from TradingView. Regulatory reform affecting the crypto space
SINGAPORE — The most important story in crypto right now is tokenization and it’s coming fast to disrupt traditional finance, according to Robinhood CEO Vlad Tenev. Tenev told the crowd at the Token2049 conference in Singapore that tokenization is a “freight train” barreling toward the heart of traditional finance. “Crypto and traditional finance have been living
Key Takeaways Bitcoin reached $119,000 today, extending its recent rally. Analysts note that a green (positive) September close often leads to a strong October rally for Bitcoin. Bitcoin reached the $119,000 milestone today, marking a major price milestone for the flagship cryptocurrency. The digital asset is showing patterns similar to previous cycles, with analysts noting
Investors expecting U.S. Securities and Exchange Commission approvals for a range of exchange-traded funds tracking various altcoins will have to wait longer, as the partial government shutdown lingers. The regulator said that it would “not review and approve applications” for products or provide other “non-emergency support to registrants” during the closure, as outlined in a contingency operations
Bitcoin BTC$118,827.65 jumped to its highest in over two months as the U.S. government shut down operations, likely setting the stage for a positive fiat liquidity impulse. The leading cryptocurrency has risen nearly 4% in the past 24 hours, with prices briefly rising to $119,455 for the first time since mid-August, CoinDesk data show. Other
US broker-dealer Alpaca has launched an Instant Tokenization Network (ITN) that allows institutions to mint and redeem tokenized US stocks directly, a move that could help boost onchain liquidity in a segment of the tokenization market still constrained by structural barriers. The ITN enables institutions to tokenize portfolios with a single API call and redeem