Business – Page 629

Bitcoin OG Places $234M BTC Short Bet After Profiting Big on Trump’s China Tariffs

Bitcoins BTC$112,395.79 price has rebounded strongly since the October 10 crash, but not everyone is convinced. One notable skeptic is a Bitcoin OG who made $200 million shorting BTC ahead of the Oct. 10 selloff, which was reportedly triggered by President Donald Trump’s aggressive tariff announcement against China. On Tuesday, the whale placed a new […]

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Debt-Fueled AI Pivot Puts BTC Miners to the Test

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The boom in the share price of artificial intelligence (AI) and high-performance computing (HPC) companies since September has delivered extraordinary returns for bitcoin miners expanding into these industries, but growth comes at a price. Bitcoin BTC$108,057.78 is up just 10% this year, and with the bubble popping in corporate bitcoin coffers in recent months, the

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$320M Liquidations As Bitcoin Falls Below $108K; Market decline 3.2%

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Bitcoin traded below $108,000 at 9:20 UTC as $320 million in liquidations and spot crypto ETF outflows hit a market down 3.2%. BTC traded at $107,779 during the European morning, down 2.8% in the last 24 hours, according to CoinDesk data. Ether ETH$3,865.43 and solana SUN$186.20 are both down more than 3.5%, while several other

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Here’s how long the government shutdown will last: Asia Morning Briefing

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Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Daybook Americas. Prediction market bettors are increasingly convinced that the US government

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Bitcoin Treasury Companies from where

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Over 160 publicly traded companies have now adopted bitcoin as a central financial strategy, collectively holding nearly one million BTC, about 4% of the circulating supply. What began as a bold experiment by one company has turned into a global playbook: raise capital, buy bitcoin and live partial equity exposure to bitcoin through a listed

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US surges in crypto activity under Trump: TRM Labs report

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In the first six months of this year — when crypto-booster President Donald Trump reversed the US government’s cautionary opposition to crypto — transaction volume in the United States rose by about 50% to clear $1 trillion, according to a report by TRM Labs published Tuesday. The rapid rise was multifaceted, with institutions jumping into

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Sharplink Gaming (SBET) Adds $75M in ETH

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SharpLink Gaming (SBET), the publicly traded digital asset tax company led by Ethereum co-founder Joseph Lubin, reported its first ether ETH$3,878.02 purchases since the end of August and acquired tokens worth over $75 million. The firm raised $76.5 million last week via a direct stock offering and used the proceeds to buy 19,271 ETH at

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The index falls 2% as all components trade lower

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CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3608.8, down 2.0% (-72.51) since 4 PM ET Monday. None of the 20 assets are trading higher. Leaders: SOL (-0.9%) and UNI (-1.4%). Laggards: LINK (-3.5%) and XRP (-3.2%).

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Coinbase (COIN) sees TradFi institutions driving crypto derivatives boom

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Coinbase (COIN), the crypto exchange that bought the largest crypto options exchange, Deribit, for $2.9 billion earlier this year, expects a wave of traditional financial institutions (TradFi) to start using digital asset derivatives for investment or hedging, said Usman Naeem, the Nasdaq-listed company’s global head of derivatives sales. The institutions waking up to globally regulated

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Base, ETH L2 access hit by Amazon’s AWS failure

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On the morning of October 20, 2025, Amazon Web Services (AWS) experienced a major outage that spilled into widespread service disruptions across thousands of websites and applications. Several major exchanges and crypto service providers rely heavily on cloud infrastructure like AWS to power their trading platforms, wallets, analytics tools and matching engines. The ripple effect

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