The latest in digital assets, markets and regulation.
Bitcoin dipped below $81,000 as Brent crude hit $116 amid US-Iran tensions. Equities fell, with the Dow down 1.4%. Analysts warn BTC may test $78k-$80k support if it fails to reclaim its 50-day moving average.
Franklin Templeton registered two Nasdaq-listed ETFs launching October 27 that reinvest all stock dividends into bitcoin. The funds maintain a 95/5 initial split, using quarterly rebalancing to cap bitcoin exposure at 5%, offering indirect crypto accumulation via traditional equity holdings.
The SEC released its Fiscal Year 2027 examination priorities, focusing on heightened risks across more than 34,000 registrants including investment advisers and broker-dealers. The Division of Examinations emphasizes adaptive, risk-based oversight while aiming to improve registrant accessibility and regulatory consistency.
Interpol's Operation Serengeti III arrested 1,462 suspects and recovered $105M across 21 African nations. Authorities shut illegal crypto mines in Angola and traced $2.4M in fraud proceeds laundered via crypto in Nigeria.
China’s 15th Five-Year Plan sets a 2030 target for completing its national blockchain network, prioritizing adoption in the Yangtze River Delta and Chengdu–Chongqing regions. The directive, issued by the Central Cyberspace Affairs Commission, aims to standardize technology for trade, finance, and data circulation.
Bloomberg strategist Mike McGlone warns Bitcoin could drop to $10,000, reversing his prior $100K call. He cites ETF exhaustion, high stock correlation, and Fed rate hike expectations as key drivers for this bearish outlook.
Block launches "Bitcoin Does," its first mass-consumer ad campaign targeting 60 million curious Americans. Led by Maria Pesce, the initiative skips technical jargon to highlight real-world utility, citing customer insights on inflation and "honest money" to drive adoption via Cash App and Square.
Parker Lewis predicts Bitcoin will settle all global payments, citing a $107 trillion debt burden driving merchants away from high-fee credit systems. He argues that post-Silicon Valley Bank failures, payment utility became critical for decentralization.
Bank of Korea plans to amend forex laws by year-end to regulate stablecoins as payment instruments, tightening cross-border controls. This coincides with ongoing debates over South Korea's 2027 crypto tax implementation and pending Digital Asset Basic Act legislation.
Bitcoin held below $82,000 as AI financing fears drove stock declines, including a 15.5% drop for CoreWeave. US spot Bitcoin ETFs saw $635 million in outflows, while crypto liquidations reached $336 million amid broader market uncertainty.
NY AG seeks $1.37B from NovaTech founders for Ponzi scheme. Court ruled liability by default in Aug 2025. Investors lost billions; only $26M used for trading. Four recruiters settled for $6M.
Ethereum delays the Glamsterdam testnet fork after ChainSecurity found gas changes could let contracts permanently record failed operations. The auditor identified 13 real-world examples, prompting the Ethereum Foundation to assess broader exposure while developers work on fixes.