Checkonchain founder James Check said Bitcoin may have already passed the current cycle’s bottom after two rounds of investor capitulation. He highlighted investor cost bases and realized and unrealized profit-and-loss conditions over reliance on the historical four-year cycle.
Charles Schwab said the Strategic Bitcoin Reserve bill’s passage by the House Financial Services Committee could be an important first step toward becoming law. The bill would place Bitcoin acquired by the federal government into a Treasury-managed strategic reserve.
Shareholder losses at publicly listed crypto treasury companies have reached approximately $50 billion as their shares continue to decline. Investors are also increasing scrutiny of compensation, equity incentives and related-party transactions.
Stablecoin payments between Korean and overseas companies reached approximately $620 million from January 2021 through September this year. Their use is expanding beyond investment into trade payments and intercompany settlement.
SEC Chair Paul Atkins said tokenization could support 24-hour trading in U.S. equities and enable real-time inventory management that may help reduce naked short selling and settlement failures.
Sui has been adopted as the settlement infrastructure for African cross-border payments platform Daya. Daya users can transfer supported stablecoins without separate gas fees and reallocate funds for cross-border payments in real time.
State-linked hackers, including operators linked to North Korea and Iran, increased their use of public blockchains to store malware commands and infrastructure information by 420% over the past 12 months, according to Chainalysis.
An estimated 290 people worldwide held more than $100 million in cryptocurrency assets as of August 31, according to Henley & Partners. Singapore ranked first in the Henley Crypto Adoption Index for the fourth consecutive year.
BitMEX co-founder Arthur Hayes expects financial asset prices to continue rising despite Fed rate hikes, arguing that money supply is still increasing in the financial system.
