Jay Jacobs: The freezing of Russian assets has spurred increased interest in bitcoin
According to Jacobs, political tensions around the world and growing uncertainty are accelerating asset diversification among central banks in different countries.🏦
Bitcoin shows a relatively low correlation with the U.S. stock market over the long term - in the current volatility, the first cryptocurrency behaves differently than stocks or bonds, a BlackRock spokesman said.
Bitcoin has proven “remarkably resilient” in the face of the trade war - compared to altcoins and indices like the S&P 500 - although it remains vulnerable to fears of a U.S. recession, the expert emphasized.💸
According to Jacobs, political tensions around the world and growing uncertainty are accelerating asset diversification among central banks in different countries.🏦
Bitcoin shows a relatively low correlation with the U.S. stock market over the long term - in the current volatility, the first cryptocurrency behaves differently than stocks or bonds, a BlackRock spokesman said.
Bitcoin has proven “remarkably resilient” in the face of the trade war - compared to altcoins and indices like the S&P 500 - although it remains vulnerable to fears of a U.S. recession, the expert emphasized.💸
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The number of documented cases of illegal connection to Malaysia's power grid for the sake of mining has increased from 610 in 2018 to 2,397 in 2024, TNB data showed. 📈
From January 2020 to December 2024, power company officials detected an average of more than 2,000 cases of electricity theft related to underground mining each year. During the same period, the average annual number of complaints about accidents caused by overloaded power lines due to illegal connection of mining equipment reached 1,699 - an average of 340 per month. ⚡️
Power officials said the rise in power theft cases was due to the fact that amid the popularity of cryptocurrencies, underground miners through fake or bypassed meters are trying to use government-subsidized electricity to mine cryptocurrencies. This is costing TNB hundreds of millions of Malaysian ringgit, the power utility complained.
From January 2020 to December 2024, power company officials detected an average of more than 2,000 cases of electricity theft related to underground mining each year. During the same period, the average annual number of complaints about accidents caused by overloaded power lines due to illegal connection of mining equipment reached 1,699 - an average of 340 per month. ⚡️
Power officials said the rise in power theft cases was due to the fact that amid the popularity of cryptocurrencies, underground miners through fake or bypassed meters are trying to use government-subsidized electricity to mine cryptocurrencies. This is costing TNB hundreds of millions of Malaysian ringgit, the power utility complained.
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One of the world's largest credit rating agencies has started working in blockchain. Moody's announced Wednesday that it is testing the first credit rating system on the Solana network. These ratings will be used to assess the risk of municipal bonds issued by local governments in U.S. cities.
Moody's will first evaluate the credit ratings off the blockchain and then publish them to Solana using an API. The agency will use Solana-based tokenization protocol Alphaledger to turn those scores into tokenized real assets.
Perhaps at the end of the testing, the agency will move credit scores to blockchain entirely to make them available to all investors. Right now, the data can only be seen through proprietary software or Bloomberg terminals.📃
Moody's will first evaluate the credit ratings off the blockchain and then publish them to Solana using an API. The agency will use Solana-based tokenization protocol Alphaledger to turn those scores into tokenized real assets.
Perhaps at the end of the testing, the agency will move credit scores to blockchain entirely to make them available to all investors. Right now, the data can only be seen through proprietary software or Bloomberg terminals.📃
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In the last 24 hours, ACX, Across Protocol's own token, has fallen in price by more than 10%. Over the course of a month, it has fallen by 40%. Now ACX is trading 91% below its all-time high of $1.69, recorded in December 2024.📉
The reason for the sharp fall of ACX was serious accusations of insider trading by the project team to the tune of about $23 million. This was first reported by the founder of the Glue network and advisor to World Liberty Financial, known under the nickname Ogle.
In his social media post, he accused the Across Protocol team, in particular project manager Kevin Chan and CEO Hart Lambour, of organizing two secret offerings using undisclosed wallets of an undisclosed decentralized platform (DAO).👤
The reason for the sharp fall of ACX was serious accusations of insider trading by the project team to the tune of about $23 million. This was first reported by the founder of the Glue network and advisor to World Liberty Financial, known under the nickname Ogle.
In his social media post, he accused the Across Protocol team, in particular project manager Kevin Chan and CEO Hart Lambour, of organizing two secret offerings using undisclosed wallets of an undisclosed decentralized platform (DAO).👤
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India's wealthy are investing a fortune in cryptocurrencies, hoping to multiply their capital during the bull rally. 💰
Employees of centralized exchanges in India, such as CoinDCX, Mudrex, CoinSwitch and ZebPay, have recorded an increase in interest in digital assets from the wealthy. On Mudrex, trading volume of virtual currencies increased by 30% at the expense of the wealthy, while on CoinDCX, the average coin buy and sell order opened by wealthy customers increased by 27.5% to Rp500,000 (₽455,000).
According to CoinSwitch employees, wealthy traders favor cryptocurrencies with a long trading history, apparently considering them more reliable. Therefore, the most in demand are:
-Bitcoin;
-Etherium;
-Solana (SOL);
-XRP (XRP).
Amidst the upward trend dominating the markets of many cryptocurrencies, the overall turnover of digital assets in India is also growing. 💸
Employees of centralized exchanges in India, such as CoinDCX, Mudrex, CoinSwitch and ZebPay, have recorded an increase in interest in digital assets from the wealthy. On Mudrex, trading volume of virtual currencies increased by 30% at the expense of the wealthy, while on CoinDCX, the average coin buy and sell order opened by wealthy customers increased by 27.5% to Rp500,000 (₽455,000).
According to CoinSwitch employees, wealthy traders favor cryptocurrencies with a long trading history, apparently considering them more reliable. Therefore, the most in demand are:
-Bitcoin;
-Etherium;
-Solana (SOL);
-XRP (XRP).
Amidst the upward trend dominating the markets of many cryptocurrencies, the overall turnover of digital assets in India is also growing. 💸
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Bybit, the world's second largest cryptocurrency exchange by trading volume, has entered into a strategic partnership with Tether to accelerate cryptocurrency adoption in Brazil through institutional collaboration, event sponsorship and educational programs. 🤝
The partnership includes co-sponsorship of the Blockchain Rio conference, one of Latin America's leading blockchain events, where new Bybit users will receive a USD₮ bonus upon registration.
Bybit and Tether are also in advanced talks with Visit Rio to integrate cryptocurrencies into the city's tourism sector. The initiative will offer discounts and bonuses in USD₮ to tourists who use digital assets for local services and purchases, positioning Rio as a cryptocurrency-friendly destination. 🪙
The partnership includes co-sponsorship of the Blockchain Rio conference, one of Latin America's leading blockchain events, where new Bybit users will receive a USD₮ bonus upon registration.
Bybit and Tether are also in advanced talks with Visit Rio to integrate cryptocurrencies into the city's tourism sector. The initiative will offer discounts and bonuses in USD₮ to tourists who use digital assets for local services and purchases, positioning Rio as a cryptocurrency-friendly destination. 🪙
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Nakamoto CEO David Bailey intends to fulfill his long-standing dream and purchase $762.5 million worth of Bitcoin.🪙
David corrected himself, stating that his firm will invest $762.5 million in cryptocurrency, rather than $1 billion. He allowed himself to round up the figure significantly, likely to attract public attention.
Nakamoto employees received $762.5 million thanks to a merger with KindlyMD, which raised over $700 million through the sale of securities. Today, this money is going to be spent on Bitcoin, and the transaction will be filmed to immortalize the moment. 📷
The purchase of $762.5 million worth of Bitcoin will put Nakamoto in 14th place in the ranking of public institutions that have invested the most money in BTC. The firm will displace Chinese technology company Next Technology Holding, which has $693 million worth of cryptocurrency on its balance sheet. 💰
David corrected himself, stating that his firm will invest $762.5 million in cryptocurrency, rather than $1 billion. He allowed himself to round up the figure significantly, likely to attract public attention.
Nakamoto employees received $762.5 million thanks to a merger with KindlyMD, which raised over $700 million through the sale of securities. Today, this money is going to be spent on Bitcoin, and the transaction will be filmed to immortalize the moment. 📷
The purchase of $762.5 million worth of Bitcoin will put Nakamoto in 14th place in the ranking of public institutions that have invested the most money in BTC. The firm will displace Chinese technology company Next Technology Holding, which has $693 million worth of cryptocurrency on its balance sheet. 💰
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The Kazakh authorities decided to invest not in bitcoins, which are preferred by many institutional investors, but in the BNB (BNB) cryptocurrency issued by the Binance exchange.
The Ministry of Artificial Intelligence and Digital Development of Kazakhstan has established the Alam Cryptocurrency Fund, which will be managed by the Qazaqstan Venture Group, a company that is part of the Astana International Financial Center ecosystem.
The fund was established for long-term investments in digital assets to create strategic reserves, and the company's management team has already made their first transaction by purchasing BNB for an undisclosed amount.💵
The Ministry of Artificial Intelligence and Digital Development of Kazakhstan has established the Alam Cryptocurrency Fund, which will be managed by the Qazaqstan Venture Group, a company that is part of the Astana International Financial Center ecosystem.
The fund was established for long-term investments in digital assets to create strategic reserves, and the company's management team has already made their first transaction by purchasing BNB for an undisclosed amount.💵
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This week ends with another setback for crypto ETFs. After two days of heavy selling, Bitcoin and Ether ETFs closed in the red on Friday, October 17, marking the third consecutive day of outflows and ending one of the most challenging weeks since the start of summer.📉
Investors continued to reduce their holdings in Bitcoin ETFs, resulting in a total outflow of $366.59 million. The main pressure was concentrated in four large funds. Blackrock's IBIT, which has often been the primary driver of fund inflows, led the outflow with $268.81 million.
Investors continued to reduce their holdings in Bitcoin ETFs, resulting in a total outflow of $366.59 million. The main pressure was concentrated in four large funds. Blackrock's IBIT, which has often been the primary driver of fund inflows, led the outflow with $268.81 million.
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In the second phase of the pilot program, the HKMA tested applications for e-HKD and compared this digital currency with tokenized deposits. A total of 11 experimental projects were implemented in collaboration with banks, technology companies, and financial service providers.
The regulator announced that it had concluded that the digital Hong Kong dollar and tokenized deposits enable safer payments with low fees that can be programmed — for example, to be set up for automatic payments.
The HKMA reported a high level of confidence in the digital dollar, especially among large companies. Therefore, the Hong Kong regulator will give priority to wholesale e-HKD, which should be used as a payment instrument for financial companies.💰
The regulator announced that it had concluded that the digital Hong Kong dollar and tokenized deposits enable safer payments with low fees that can be programmed — for example, to be set up for automatic payments.
The HKMA reported a high level of confidence in the digital dollar, especially among large companies. Therefore, the Hong Kong regulator will give priority to wholesale e-HKD, which should be used as a payment instrument for financial companies.💰
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The Shiba Inu meme token faced a major outflow of funds when 207 billion SHIB tokens were withdrawn from cryptocurrency exchanges in a single day, according to CryptoQuant data. These movements were one of the largest such events in recent months.🪙
The reduction in exchange supply did not affect the movement of the SHIB price due to existing technical obstacles. The token is currently in the support zone.
The relative strength index is at 39, indicating weak market momentum.
The reduction in exchange supply did not affect the movement of the SHIB price due to existing technical obstacles. The token is currently in the support zone.
The relative strength index is at 39, indicating weak market momentum.
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Ledger, a leading French cryptocurrency hardware wallet maker, is planning a US IPO with a potential valuation of over $4 billion. The company is partnering with Goldman Sachs, Jefferies, and Barclays to facilitate the offering. 💳
The decision to list in New York is due, according to CEO Pascal Gauthier, to the concentration of cryptocurrency capital in the US rather than Europe.
Demand for hardware wallets that protect assets from hacking has surged amid record cryptocurrency thefts (over $3.4 billion in 2025). This has led to record revenue for Ledger, estimated at "three-digit millions." 📈
The decision to list in New York is due, according to CEO Pascal Gauthier, to the concentration of cryptocurrency capital in the US rather than Europe.
Demand for hardware wallets that protect assets from hacking has surged amid record cryptocurrency thefts (over $3.4 billion in 2025). This has led to record revenue for Ledger, estimated at "three-digit millions." 📈
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According to on-chain data, stablecoin inflows to crypto exchanges have doubled in recent weeks, from $51 billion at the end of December to $108 billion today.📈
According to crypto data analyst Darkfost, the growth in stablecoin deposits on exchanges indicates an acceleration in capital allocation in recent weeks. However, he notes that the overwhelming selling pressure remains too strong for buyers to fully offset it.
Darkfost writes that the stablecoin inflow is a positive sign, indicating that investor interest is gradually returning to the market despite the ongoing sell-off.💰
According to crypto data analyst Darkfost, the growth in stablecoin deposits on exchanges indicates an acceleration in capital allocation in recent weeks. However, he notes that the overwhelming selling pressure remains too strong for buyers to fully offset it.
Darkfost writes that the stablecoin inflow is a positive sign, indicating that investor interest is gradually returning to the market despite the ongoing sell-off.💰
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