After Oct. 10 Crypto Crash, Bitwise CIO’s Three-Question Test Finds No Lasting Damage

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Crypto’s Oct. 10 plunge looks more like a stress test than a regime change, Bitwise Chief Investment Officer Matt Hougan wrote in his Oct. 14 memo . Hougan links the sell-off to a late-Friday post from President Trump threatening 100% tariffs on Chinese goods; with equities shut, he wrote, traders …

Stablecoins Will Disrupt Cross-Border Payments, Investment Bank William Blair Says

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Stablecoins are poised to reshape the global financial system, with investment banking firm William Blair calling them a “major technology upgrade” over the traditional rails that have long underpinned cross-border money movement. The Chicago, Illinois-based banking firm argued that stablecoins will not only replace legacy infrastructure for business-to-business transactions, but …

Blast From the Past: Previous U.S. Government Shutdown Aligned With Bitcoin’s Bear Market Bottom

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The ongoing U.S. government shutdown has deprived traders of the latest economic data releases, injecting a sense of directional uncertainty into the markets. In such situations, it’s useful to look back at how markets have reacted to previous shutdowns. Interestingly, the previous U.S. government shutdown, which lasted from late December …

IREN and WULF Shares Jump as Companies Launch Billion Dollar Debt Deals

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Artificial intelligence and high performance computing (AI/HPC) miners continue to surge pre-market. IREN (IREN) is up 6% pre-market above $73 per share, after closing a $1 billion private offering of 0.00% convertible senior notes due 2031. The deal was oversubscribed and included a fully exercised $125 million greenshoe. The notes …

No Data, No USD Bears. Headwind for Bitcoin?: Crypto Daybook Americas

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By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s (BTC) bounce from late Tuesday lows near $110,000 has stalled just above $113,000 as the lack of fresh U.S. economic data leaves both crypto and forex traders in limbo. The CoinDesk 20 (CD20) Index steadied above 3,800 points, representing a …