Quick Summary: Stocks and crypto reversed early gains as rising oil prices overshadowed Fed Chair Powell’s signal that interest rates will remain steady. Financial markets gave back early advances on Thursday despite reassuring comments from Federal Reserve Chairman Jerome Powell, who indicated the central bank intends to hold interest rates steady for the time being. Both equities and cryptocurrencies initially moved higher before reversing course as the session progressed. The divergence between Powell’s calming remarks and broader market sentiment highlighted the competing forces at play.Powell addressed concerns tied to recent geopolitical tensions, stating that the Fed is prepared to look…
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Quick Summary: Around 47% of circulating Bitcoin supply is underwater, with long-term holders recording their deepest losses in three years, per a CEX.io Research report. Holders of approximately 9.4 million Bitcoin — representing roughly 47% of the total circulating supply — are currently sitting on unrealized losses, according to new findings from CEX.io Research. The report highlights that more than 30% of Bitcoin held by long-term investors, valued at around $304 billion, is now underwater. Analysts describe this as the highest such share since 2023, pointing to a notable deterioration in market confidence among committed holders.The report states that long-term…
Quick Summary: Square begins enabling Bitcoin payments at US point-of-sale terminals, converting transactions instantly to dollars with zero processing fees through 2026. Square, the payments platform operated by Block, has begun a phased rollout of Bitcoin payments at its point-of-sale terminals for eligible sellers in the United States. The feature went live and is expected to reach all Square merchants by November 10. The announcement was shared on X by Miles Suter, Bitcoin product lead at Block, and reposted by Block CEO Jack Dorsey.Suter described the feature as a way to make it easier for millions of businesses to accept…
Quick Summary: The Ethereum Foundation has staked 24,623 ETH worth roughly $50 million in total, targeting an eventual 70,000 ETH under a revamped treasury plan. The Ethereum Foundation has staked an additional 22,517 ETH, valued at approximately $46.2 million, as part of an ongoing staking initiative, according to on-chain data compiled by blockchain analytics firm Arkham Intelligence. The latest activity was carried out across 11 separate transactions, with roughly 2,047 ETH — around $4.2 million — moved in each. Combined with earlier deposits, the Foundation has now staked a total of 24,623 ETH, worth close to $50 million.The staking push…
Quick Summary: Mitsubishi Corporation plans to use JPMorgan’s Kinexys blockchain network to move funds across its global operations. Mitsubishi Corporation has announced plans to adopt a blockchain-based payment system developed by JPMorgan Chase to manage fund transfers across its worldwide operations. The move signals continued integration of blockchain infrastructure within traditional financial systems. The platform, known as Kinexys, enables near-instant transfers, reduces dependence on conventional banking channels, and operates continuously around the clock, according to a report by Nikkei.Kinexys has processed more than $3 trillion in cumulative transaction volume since its launch in 2020, reflecting growing institutional appetite for blockchain-based…
Quick Summary: Bernstein analysts lowered price targets on Coinbase, Robinhood, and Figure Technology Solutions amid geopolitical headwinds and weak crypto sentiment. Bernstein analysts reduced their price targets on Coinbase, Robinhood, and blockchain lending firm Figure Technology Solutions on Monday, pointing to geopolitical pressures and subdued sentiment across crypto markets. Despite the reductions, the firm held its “Outperform” ratings on all three companies. The move reflects broader turbulence that has pushed the stocks roughly 60% below their 2025 peaks, according to the note authored by analyst Gautam Chhugani.Bernstein lowered its price target on Coinbase (COIN) to $330 from $440, on Robinhood…
Quick Summary: Block’s Square platform now auto-enables Bitcoin payments for an estimated 4 million eligible U.S. sellers, shifting from an opt-in to an opt-out model. Block’s Square payments platform has moved to automatically enable Bitcoin payments for eligible sellers in the United States, transitioning from an opt-in to an opt-out model. The change, which began rolling out on Monday, affects an estimated 4 million merchants. Co-founder and CEO Jack Dorsey, a vocal Bitcoin advocate, confirmed the rollout. The shift is seen as a significant step toward broader mainstream adoption of Bitcoin as a payment method.According to Miles Suter, Block’s Bitcoin…
Quick Summary: Chainlink Labs and Anchorage Digital have founded the Blockchain Leadership Fund PAC to back pro-crypto candidates in the 2026 US midterm elections. Chainlink Labs and Anchorage Digital have announced they are the founding contributors to a new political action committee aimed at supporting candidates who back digital asset and blockchain policy in the United States. The group, called the Blockchain Leadership Fund, is structured as a hybrid PAC, meaning it can both contribute directly to candidates and fund independent expenditures such as media campaigns. The announcement came roughly seven months before the November midterm elections, in which voters…
Quick Summary: Square is automatically enabling bitcoin payments for millions of eligible U.S. sellers, converting transactions to dollars at no processing fee through 2026. Square has begun automatically activating bitcoin payment capabilities for millions of eligible sellers across the United States. The rollout requires no manual setup from merchants, as the feature is being enabled directly within existing Square payment systems. Transactions are instantly converted to U.S. dollars at the point of checkout, shielding businesses from fluctuations in bitcoin’s value.A key element of the new offering is its fee structure: Square will charge no processing fees on these bitcoin transactions…
Quick Summary: Attie, an AI-powered feed-building app on Bluesky, has been blocked over 125,000 times since its launch Saturday, making it the platform’s second most-blocked account. Attie, an experimental AI-powered feed-building tool launched on Bluesky over the weekend, has rapidly become one of the most-blocked accounts on the platform. According to data from analytics website ClearSky, the account has been blocked 125,000 times since its public announcement on Saturday. That figure places Attie second only to U.S. Vice President JD Vance among Bluesky’s most-blocked profiles, surpassing the block counts for both the White House and Immigration and Customs Enforcement accounts,…
