US spot Bitcoin ETFs finished the week ending October 23 with approximately $301.2 million in net inflows, reversing two consecutive weeks of withdrawals despite a $635.6 million exodus on Thursday and another $137.9 million leaving on Friday.The recovery was narrowly supported by BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $565.7 million over five sessions while
Micron stock price has slumped into a bear market, moving from the year-to-date high of $1,255 in June to the current $940. This retreat has mirrored the performance of other memory companies in the United States, South Korea, and Japan. Still, there are some potential reasons why the stock may rebound in the near term.
Robinhood says prediction-market demand is shifting toward bitcoin, gold and crude oil, with contracts tied to financial-market prices becoming some of the fastest-growing products in a business that has already emerged as a major revenue source for the brokerage.JB Mackenzie, Robinhood’s vice president and general manager for futures and prediction markets, said at the NEXTPredict
The U.S. Internal Revenue Service is preparing to overhaul its voluntary disclosure program with lower penalties and a target of resolving cases within 120 days, changes that would also apply to taxpayers disclosing cryptocurrency-related violations.IRS Chief Tax Compliance Officer and Criminal Investigation chief Jarod Koopman said the agency is aiming to release the revised framework
Israeli Prime Minister Benjamin Netanyahu said he has requested a plan examining blockchain as one option for keeping parts of Israel’s economy operating if the country faces future financial sanctions, including restrictions affecting its banking system.Netanyahu said Israel needs to prepare alternative economic channels capable of operating around potential restrictions. When asked specifically whether blockchain
Initia halted its Layer 1 blockchain and connected rollups on October 23 after a security incident allowed an attacker to mint tokens without authorization and move approximately $2.7 million worth of assets out before the network was stopped.Initia co-founder Ezaan Mangalji said preliminary findings point to a previously unknown bug in the network’s MoveVM implementation
The Monetary Authority of Singapore, Bank Negara Malaysia and the Bank of Thailand are joining industry participants through the BLOOM initiative to develop common approaches for using digital money across borders. The policymakers will work with financial institutions, payment networks and technology providers on how tokenised deposits, regulated stablecoins and other forms of digital money
South Korea’s government and central bank plan to amend the country’s foreign exchange law this year to bring stablecoins explicitly within the regulatory framework for payment instruments, tightening oversight of digital assets used for cross-border transfers.The Bank of Korea said it is coordinating with the government on amendments to the Foreign Exchange Transactions Act and
A wallet linked to the Cysic bridge exploit has sent approximately $744,000 in Ether and BNB to Tornado Cash, complicating recovery efforts less than a day after the Cysic Foundation offered the attacker a 10% bounty for returning most of the identified proceeds.The address transferred 300 ETH, worth approximately $721,100 at the time, and 30.4
New York is seeking nearly $1.37 billion from NovaTech founders Cynthia and Eddy Petion after newly filed transaction analysis showed that investors sent more than $1.16 billion in cryptocurrency to the company while only a small fraction reached the trading platform NovaTech said it used to generate returns.The New York Attorney General’s Office asked a