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

Bitcoin has experienced a significant downturn, dropping over 10% in value over the past week, despite Strategy’s recent purchase of 8,178 BTC for approximately $835.6 million. This acquisition is part of Strategy's ongoing investment strategy led by Executive Chairman Michael Saylor. Cryptocurrency markets remain sluggish, with major indices like S&P 500 and Nasdaq showing only slight declines. In contrast, gold has seen a small rise of 1.79%. Other cryptocurrencies, such as altcoins, are also faring poorly, with few sectors outperforming BTC except for RWA and no-revenue indices. Solana Eco and crypto-miners have particularly struggled, with some tokens seeing declines as steep as 42.36%. Amid these challenges, the Solana chain has held surprisingly firm in terms of revenue, still exceeding Ethereum despite a decrease in market share for memecoins. However, MSTR’s net asset value is under pressure, complicating future acquisitions.

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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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