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

Despite a significant purchase of 8,178 BTC worth approximately $835.6 million by Strategy, Bitcoin (BTC) has experienced a notable decline, dropping over 10% in the last week. This downturn occurs amid a lagging market following the longest government shutdown in U.S. history, where traditional assets like gold have performed better, rising 1.79% over the same period. Other cryptocurrencies, including altcoins, have similarly struggled, with the Solana ecosystem and crypto miners hit especially hard. Among recent performances, Solana Eco indices saw drastic decreases, such as MPLX falling 42.36%. While certain sectors, like no-revenue tokens, managed to slightly outperform BTC, overall sentiment remains cautious, and potential challenges loom for future purchases owing to the decreased net asset value (NAV) of Strategy's holdings. The market is currently seeing mixed results, with some chains still showing revenue potential despite the downturn in memecoin activities.

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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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