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Wall Street bank Citi and crypto exchange Coinbase are teaming up to “boost digital-asset payment capabilities” for the bank’s institutional clients.In the initial phase, the bank aims accelerate fiat pay-ins and payouts and improve orchestration to better bridge traditional finance with crypto on- and off-ramps, the bank said in a press release.“The financial landscape is changing fast, and we’re thrilled to join Coinbase to explore new and innovative payment options for our global clients,” Debopama Sen, the head of payments and services at Citi said in the release. “With more than 300 payment clearing networks across 94 markets globally, we…
New US company completes $1 billion XRP purchase as Ripple celebrates price surge Source link
Does one bitcoin a day keep the doctor away? Prenetics Global Limited (NASDAQ: PRE), a Hong Kong-based health sciences company, announced today the successful pricing of a public equity offering expected to generate approximately $48 million in gross proceeds, with the potential to raise up to $216 million if all accompanying warrants are exercised. The capital raise is intended to support the expansion of its supplement brand, IM8, while bolstering Prenetics’ Bitcoin treasury strategy. The company has a disciplined Bitcoin accumulation plan, purchasing one bitcoin per day since August 1, 2025, and currently holds approximately 275 BTC, valued at $31…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Madras High Court has ruled that cryptocurrencies can be treated as property, a decision that could reshape how exchanges handle user assets after hacks. The court found that certain crypto holdings are identifiable and controllable, and therefore eligible for legal protection similar to other movable property. Cryptocurrency Treated As Property Under Law According to the Madras High Court, crypto-assets meet the basic tests of property because they can be owned, transferred and controlled by private keys. Justice N. Anand Venkatesh said they can be held “in trust,”…
Mt. Gox just pushed its repayment deadline again from this Friday to Oct. 31, 2026, with court approval.The one-year extension, effectively diffuses near-term sell pressure, turning what could have been a sharp supply event into another drawn-out administrative cycle. Much like prior phases, repayments are expected to filter through exchanges, custodians, and OTC venues in waves rather than floods, muting immediate market impact.For Bitcoin, this delay extends the overhang narrative but also underscores that Mt. Gox distributions remain a slow bleed, not a single catalyst capable of shaking the broader market structure.The deadline was already pushed from last October and…
In brief Strategy purchased $43 million worth of Bitcoin. The purchase was funded through a combination of preferred shares. Citi analysts last week said Strategy shares could hit $485. Strategy spent $43 million on 390 Bitcoin last week, the company said in a press release on Monday, its largest purchase of the asset in nearly a month. The Tysons Corner, Virginia-based firm now owns roughly 640,800 Bitcoin. The stockpile was recently worth $73.6 billion, as Bitcoin changed hands around $114,800 on Monday, according to crypto markets data provider CoinGecko. Not long after markets opened, Strategy shares rose 1.9% to $294, according…
Strategy Shares Rise on $43 Million Purchase—Its Largest in Four Weeks Source link
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Quick Facts: 1️⃣ The lower-than-expected US CPI data released on Saturday fueled hopes that the US Fed will cut rates yet again. 2️⃣ This anticipation has helped pump Bitcoin back to $115K after hovering around $110K in the past several days. 3️⃣ Should a rate cut happen, expect more demand for the best crypto to buy, like Bitcoin, Hyper, and Snorter Token. Happy days are here again as the potential for a new round of rate cuts in the US helped push Bitcoin ($BTC) back to the…
In brief Bitcoin has recovered to near $115,000 following initial panic over Trump’s threatened 100% tariffs on China. Standard Chartered’s Geoff Kendrick notes that $2 billion exited gold ETFs last week, and suggests Bitcoin ETFs need to capture about half of that amount to confirm improving market sentiment. Despite recent gains, gold continues to significantly outperform Bitcoin in 2025 with 54% year-to-date returns compared to Bitcoin’s 23%. Bitcoin traders may be breathing a sigh of relief amid evidence that the U.S.-China tariff wounds are healing.President Donald Trump’s threat to hike tariffs on China by 100% is widely credited with causing…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors surge 3-5% on trade deal hopes; BTC at $115,500 Rumble partners with Tether to accept crypto tips for creators Pump Fun acquires Padre, announces snapshot for token holders MegaETH releases tokenomics + KPIs ahead of today’s public ICO 402x and Farcaster’s CLANKER acquisition spark AI weekend rally ? Crypto Rips On U.S. China Trade Deal HopesIt appears the Trump and Xi posturing has subsided and…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure What to Know: 1️⃣ A global remittance giant is piloting stablecoin-based settlement rails to speed up cross-border payments, cut costs, and boost transparency for its 150M+ users. 2️⃣ Regulatory clarity drives innovation with the US’ GENIUS Act providing a compliance framework for Western Union and other institutions to safely adopt blockchain infrastructure. 3️⃣ By allowing customers to hold US dollar-linked assets, stablecoins empower financial freedom, stability, and choice. 4️⃣ As Western Union and major financial players move toward tokenized payments, Best Wallet Token ($BEST) stands out with…
Whale Alert: $1.27M XRP Long Bet Sparks Bullish Frenzy Source link
Bitcoin’s price surged above $115,000 on Monday as Strategy, the largest corporate holder of Bitcoin, announced another significant purchase of Bitcoin. The business intelligence firm acquired 390 BTC between October 20 and October 26, spending approximately $43.4 million at an average price of $111,053 per Bitcoin. According to a Form 8-K filing released today, Strategy’s total Bitcoin holdings have now reached 640,808 BTC, with an aggregate purchase price of $47.44 billion. The company’s average purchase price stands at $74,032 per Bitcoin, including fees and expenses. The latest acquisition was funded through proceeds from Strategy’s At-The-Market (ATM) equity programs, specifically through…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure UK-based travel company Alternative Airlines has added support for Dogecoin, allowing customers to pay for flights with the meme coin. This adds another use case for DOGE, which is a positive for its price. Alternative Airlines Enables Support For Dogecoin The travel company revealed that customers can buy flights with Dogecoin, with the meme coin listed as a payment option at checkout. The booking company joins the likes of AirBaltic and Cielo Aviation, which also accept Dogecoin for ticket payments through their partnership with Bitpay. Alternative Airlines…