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Bitcoin falls, even as Strategy buys $835.6M for its holdings

Despite the significant purchase of 8,178 BTC for approximately $835.6 million by Strategy, Bitcoin (BTC) has experienced a considerable decline of 10.32% over the past week. Following the longest government shutdown in US history, overall market performance remains weak, with gold gaining slightly while major indices like the S&P 500 and Nasdaq 100 are only marginally down. Other cryptocurrencies and altcoins have also suffered, with the Solana ecosystem and crypto miners particularly impacted. Among the worst performers in the Solana Eco are MPLX and JTO, witnessing substantial losses. The recent trend shows no-revenue tokens slightly outperforming BTC, attributed mainly to XRP's relative resilience. Additionally, mNAV for MSTR has decreased, complicating future acquisitions. South Korea's Upbit exchange has demonstrated active retail investor engagement, resulting in significant price jumps for new listings. Noteworthy is Solana's chain revenue which, despite a downturn in memecoins, still positions itself competitively against Ethereum, owing to its revenue share. Overall, the current market conditions present challenges for crypto investments amidst ongoing economic uncertainties.

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Bullish (BLSH) Beats Q3 Estimates With $76.5M in Revenue

Bullish (BLSH), a crypto exchange, reported strong third-quarter performance with earnings per share of $0.10, a significant recovery from a loss of $0.59 in the previous year. The exchange saw adjusted revenue of $76.5 million, surpassing analyst expectations of $72.9 million and up from $44.6

Banks' Capital Rules When Holding Crypto Need to Be Reworked, Says Basel Committee Chair

Erik Thedéen, chair of the Basel Committee on Banking Supervision, stated that the existing capital rules for banks holding large amounts of cryptocurrency need to be revised. This shift in approach comes as the U.S. Federal Reserve and the Bank of England have expressed concerns regarding the practicality of

Apex Group Said to Buy Broker Dealer Globacap for U.S. Tokenization Push

Apex Group, a financial-services provider managing over $3 trillion in assets, is set to acquire Globacap, a London-based platform that operates a U.S.-regulated broker-dealer. This acquisition aims to enhance Apex's initiatives in fund tokenization, responding to growing interest in blockchain-based real-world assets by professional investors. Previously,

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