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Bitcoin Stalls Below $70K as Altcoins Show Mixed Signals

Bitcoin’s attempt to reclaim the $70,000 level has faltered, leaving the cryptocurrency trading just under $69,000. While most major altcoins remain sluggish, tokens like ZEC and RAIN have posted notable gains. The broader crypto market cap holds steady above $2.4 trillion as volatility persists.

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Strategy’s Bitcoin Lending Pivot Risks Fueling Short Sellers

Strategy, the world’s largest corporate Bitcoin holder, is exploring a risky pivot into crypto lending to generate yield. This move could inadvertently supply the very hedge funds looking to short Bitcoin, undermining its own $55 billion reserve. The shift marks a fundamental departure from its decade-long ‘digital vault’ thesis and introduces significant counterparty and market risks as the company scrambles to defend its valuation premium against the commoditizing force of spot Bitcoin ETFs.

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Top Crypto Savings Accounts & Wallets in New Zealand

New Zealand investors are discovering a financial revolution as crypto platforms now offer savings account-like functionality with competitive interest rates on digital assets. These innovative services allow Kiwis to earn passive income on cryptocurrency holdings while maintaining security and accessibility, effectively bridging traditional banking benefits with the digital asset ecosystem. This comprehensive guide explores the leading crypto wallet options transforming how New Zealanders manage and grow their cryptocurrency portfolios.

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FDIC Moves to Limit ‘Reputation Risk’ Banking Restrictions

The Federal Deposit Insurance Corporation is preparing to debate new rules that would restrict how regulators use ‘reputation risk’ assessments against banks, marking a potential turning point for cryptocurrency firms seeking mainstream banking access. Acting chair Travis Hill argues this vague regulatory label has been misused to block legitimate banking services, particularly affecting digital asset companies. This regulatory shift follows President Trump’s executive order addressing debanking practices and could significantly reshape banking relationships for the crypto industry.

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Uptober: Bitcoin’s Seasonal Rally Faces Macro Risks

As October approaches, Bitcoin traders are once again banking on the historical pattern known as ‘Uptober’—a phenomenon where BTC has posted positive returns in nine of the past ten years. While the data shows impressive rallies like 50% in 2017 and 40% in 2021, market analysts warn that institutional players focus on fundamentals and macro conditions rather than calendar-based memes. The current setup includes supportive factors like Fed easing and strong ETF inflows, but geopolitical risks and inflation concerns could disrupt this seasonal optimism.

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Top Crypto Lending Platforms in Australia for 2024

Australian cryptocurrency investors seeking to earn passive income on their digital assets now have multiple lending platforms to choose from. These services offer competitive interest rates while allowing users to maintain ownership of their crypto holdings. From Bitcoin-specific options to multi-currency platforms, here are the top contenders in the Australian market that enable hodlers to grow their portfolios despite market volatility.

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Best Crypto Interest Platforms in Canada 2024

Canadian cryptocurrency investors are increasingly turning to crypto lending platforms to generate passive income from their digital asset holdings. These services allow users to earn interest—often reaching double-digit annual percentage yields (APY)—without active trading, providing a steady return stream in both bull and bear markets. This article examines the leading platforms available to residents of Canada, highlighting their unique features, security measures, and yield potential.

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SEC Loses Gensler’s Texts Amid Crypto Crackdown

The SEC’s Office of the Inspector General revealed that text messages from former Chair Gary Gensler between October 2022 and September 2023 were permanently deleted due to a combination of technical failures and policy missteps. Gensler’s SEC-issued phone stopped syncing with the agency’s system in July 2023 but remained in use, appearing inactive to IT staff. A new 45-day automatic wipe policy led to the device being erased, and subsequent attempts to restore it resulted in a factory reset that permanently destroyed the messages. This loss is particularly significant as it coincides with the SEC’s intensified crypto enforcement, including cases against Genesis, Gemini, Kraken, and Paxos, and internal determinations that Ethereum qualified as a security.

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Nexo Sponsors DP World Tour as Digital Wealth Partner

Nexo has become the first digital-asset wealth platform to sponsor the DP World Tour, signing a three-year agreement that includes title sponsorship of the Nexo Championship in 2025. The deal positions Nexo as the Official Digital Wealth Platform of the Tour, with branding at six major events including the Genesis Scottish Open and BMW PGA Championship. The Nexo Championship, replacing the D+D Real Czech Masters, will feature a $2.25 million purse and be held at Trump International Golf Links in Aberdeen. Nexo, managing $11 billion in assets, aims to boost brand visibility by aligning with top-tier golf tournaments featuring stars like Rory McIlroy. The DP World Tour’s 2025 schedule includes 42 events across 26 countries, with Nexo joining sponsors like Rolex and BMW.

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Bitcoin Stabilizes at $105K Amid Fed Rate Decision & Middle East Tensions

Bitcoin’s price has settled near $105,000 following sharp fluctuations triggered by escalating Middle East tensions, including Israel’s attack on Iran and subsequent market reactions. The cryptocurrency initially plunged from $108,400 to under $103,000 but later rebounded to $109,000 before facing rejection. With the Federal Reserve’s rate decision pending, further volatility is expected, though no rate changes are anticipated. Meanwhile, altcoins like Ethereum and XRP have extended losses, dragging the total crypto market cap down to $3.380 trillion. Bitcoin’s dominance remains strong at 62%, but broader market sentiment remains cautious amid geopolitical and macroeconomic uncertainties.

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Top 5 Crypto Interest Platforms in the USA for 2022

As traditional interest rates decline, crypto interest accounts are gaining popularity as a way to earn passive income by lending digital assets. This article highlights five leading platforms in the USA: Coinbase, Nexo, Crypto.com, CoinRabbit, and Binance. These platforms allow users to earn interest on cryptocurrencies and stablecoins, with APYs ranging up to 14.5%. Features include flexible or fixed-term deposits, competitive rates, and additional perks like debit cards and loans. Whether you’re holding Bitcoin or stablecoins, these platforms provide opportunities to grow your crypto holdings without active trading.

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Caladan Expands to NYC Amid US Crypto Regulatory Shift

Caladan, a Singapore-based crypto trading firm, has announced plans to establish a representative office in New York City, committing at least 5% of its global workforce to the U.S. expansion. The firm is pursuing broker-dealer registration and FINRA membership to strengthen institutional partnerships and regulatory engagement. This strategic move coincides with the Trump administration’s pro-crypto stance, marked by relaxed enforcement, the appointment of a crypto-friendly SEC chair, and support for legislation like the GENIUS Act. Caladan aims to bridge Asia’s crypto infrastructure with U.S. institutional momentum, emphasizing transparency and regulatory dialogue. The firm has hired a seasoned team, including Gian-Paul Caccia, to lead its U.S. operations. The regulatory shift has also encouraged other firms, like Nexo, to re-enter the U.S. market.

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