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

Bitcoin has seen a significant decline of 10.32% over the past week, despite Strategy's recent acquisition of 8,178 BTC valued at approximately $835.6 million. Market conditions remain bleak following the longest government shutdown in U.S. history, with associated indices for crypto miners and the Solana ecosystem also dipping. Gold has performed relatively better, increasing by 1.79%, while major indices like the S&P 500 and Nasdaq showed slight declines. In the crypto space, altcoins have struggled, with the only slight outperformers being no-revenue tokens and RWA assets. Notably, the Solana ecosystem is experiencing substantial losses, such as MPLX dropping by 42.36%. MSTR's market NAV is precarious at 0.9, raising concerns over their buying capabilities as market conditions worsen. Additionally, despite the downturn in memecoin activity, Solana's chain revenue has held up better than Ethereum, though its overall market share has decreased significantly. Moving forward, retail investor interest in new asset listings in South Korea also reflects the volatile nature of the market.

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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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