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Tag: Breaking

Bitcoin Surges Past $116K on Sticky Inflation and Weakening Jobs Data

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Bitcoin (BTC) pushed past $116,000 on Friday, marking a roughly 4% gain over the past week amid mixed U.S. economic signals. The cryptocurrency approached a key CME futures gap near $117,300, with spot prices hitting $116,800 on exchanges like Bitstamp. Headline consumer price index (CPI) data released Thursday showed a 0.4% month-over-month increase, surpassing the 0.3% forecast and underscoring persistent inflationary pressures....

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Tether CEO Dispels Rumors of Bitcoin for Gold Sale

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Tether CEO Paolo Ardoino has strongly refuted recent rumors suggesting the stablecoin issuer was offloading its Bitcoin reserves in favor of gold. On September 7, 2025, Ardoino took to X (formerly Twitter) to clarify Tether’s asset strategy, directly addressing market speculation that had begun to circulate. The claims implied a significant pivot in Tether’s reserve composition, signaling a strategic move away from the leading...

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Ether ETFs Record Nearly $788 Million in Weekly Outflows, Driven by Grayscale’s ETHE

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Ether exchange-traded funds (ETFs) registered substantial outflows totaling $787.9 million over the past week, reflecting a persistent cautious sentiment among investors. This significant withdrawal marks a notable period of capital flight from Ether-linked investment products. Data from Farside Investors reveals that Grayscale’s Ethereum Trust (ETHE) was the primary contributor to these outflows, accounting for the vast majority of...

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Bitcoin Stabilizes Above $110K as Ether Eyes $5K in Sudden Market Recovery

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Bitcoin holds at $111,733: The leading cryptocurrency stabilizes after dipping to $110,531, with reduced liquidations signaling a pause in downward pressure. Ether rebounds to $4,598: ETH recovers from $4,431 low, eyeing a test of $5,000 as institutional inflows and market rotation drive bullish momentum. ETH outperforms BTC by 20%: Over the past 30 days, Ether gains amid shifting capital flows, while Bitcoin faces $940 million in...

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SBI Group and Chainlink Announce Landmark Asset Tokenization Partnership

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Japan’s financial services conglomerate SBI Group has announced a strategic collaboration with Chainlink, the decentralized oracle network, to advance the tokenization of assets. This partnership is poised to be a pivotal development for institutional crypto adoption, as reported by Cointelegraph on August 24, 2025. The alliance focuses on leveraging Chainlink’s industry-standard oracle services to securely bring real-world assets...

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