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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Franklin Templeton has filed an updated registration statement for its proposed spot XRP exchange-traded fund, becoming the third issuer in recent days to tweak the pivotal “8(a)” effectiveness language that governs when an S-1 can go live. Bloomberg’s James Seyffart flagged the change and its timing, writing: “NEW: Franklin Templeton files updated XRP ETF s-1 with shortened 8(a) language. Looking to launch this month.” The move follows a quickening cadence of XRP ETF edits. On October 31, Bitwise filed another amendment to its S-1—its fourth since the…
Moon Inc. said its shares are now available to U.S. investors on the OTCQX Best Market as of Nov. 5, following an upgrade from the OTC Pink tier and a bell ringing at OTC Markets Group in New York.The move opens a direct channel for U.S. retail and institutional investors to access the Hong Kong-listed issuer, which trades on the HKEX under code 1723 and has been pivoting from its roots in prepaid connectivity toward Bitcoin-focused consumer products.The company framed the OTCQX graduation as part of a broader capital strategy that aligns with a Bitcoin standard and tighter U.S. market…
In brief Standard Chartered analyst Geoff Kendrick recommends buying Bitcoin in three 25%-25%-50% stages as it recovers from dipping below $100,000. The Bitcoin-gold ratio has fallen to 25 from its January peak of 38.6, with gold up 66.5% this year versus Bitcoin’s 10.5% gain. Analysts attribute recent crypto weakness to the record-long U.S. government shutdown draining institutional liquidity, but expect a strong rally when it ends. As Bitcoin recovers from its slip below $100,000, an analyst recommended BTC traders “buy the dip, in stages.”To do that, Standard Chartered Head of Digital Assets Research Geoff Kendrick said traders should figure out…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin price has fallen below $100,000 for the first time in four months, wiping out nearly 6% of its value within a single day. The drop can be attributed to a strengthening US dollar, outflows from Spot Bitcoin ETFs, and massive liquidations across the crypto futures market, causing investors to question whether the long-anticipated bear market has finally arrived. Notably, Bitcoin’s correction also rippled through the entire crypto sector, where the total market capitalization fell below $3.5 trillion for the first time in months. Bitcoin Price…
After years of relentless buying, Strategy Inc., the digital-asset treasury firm led by Michael Saylor, has quietly eased its pace of Bitcoin accumulation.In recent weeks, company filings have shown that its BTC purchases have fallen to only a few hundred coins, representing a sharp slowdown for the largest corporate holder of the flagship cryptocurrency.During the third-quarter earnings call, Saylor explained that the slowdown was due to the firm being at an “inflection point.”According to him:“Our multiple-to-net asset value, MNAV, has been trending down and has been trending down over time as the Bitcoin asset class matures, as the volatility decreases.”However,…
In brief Top banking groups wrote letters to the Office of the Comptroller of the Currency to block Coinbase’s trust-charter bid. Coinbase CLO Paul Grewal said the opposition shows that banks want crypto to remain unregulated. Apart from Coinbase, Circle, Ripple, Paxos, and Bridge are the other firms pursuing federal charters. The Office of the Comptroller of the Currency faces pressure from bank lobbyists as crypto exchange Coinbase demands a fair path into regulated finance.Two of Washington’s most influential banking lobbies, the Independent Community Bankers of America (ICBA) and the Bank Policy Institute (BPI), have urged the Office of the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to Bitcoin analyst Willy Woo, Strategy (MSTR) is unlikely to be forced to sell its Bitcoin in the next major market downturn. Strategy holds about 641,205 Bitcoin, a stake worth roughly $64 billion at current prices, according to Saylor Tracker. Convertible Debt Gives Flexibility Strategy’s debt is mostly in convertible senior notes that carry a holder put right dated Sept. 15, 2027. Based on Woo’s calculations, Strategy would need its stock to trade above $183 around that date to avoid selling Bitcoin to meet obligations. That…