Author: AltCoinDrops.com
ARK Invest led by Cathie Wood isn’t letting go of its crypto conviction. Fresh filings reveal that the fund scooped another $8.2 million worth of shares in crypto exchange Bullish this week. This move lifted its total position to around $129 million. The accumulation comes in when the digital asset market awaits the US Fed FOMC meeting. The cumulative crypto market cap surged marginally on Wednesday to breach the $4 trillion mark. Bitcoin price regained the $117K mark, highlighting the investors’ sentiment. ARK Invest loads up on Bullish Tuesday’s trade disclosures from ARK Invest show that its flagship Innovation ETF…
FCA to Ease Rules for UK Crypto Firms While Tightening Cybersecurity Oversight
TLDR: FCA will relax management and internal control rules for crypto firms while tightening oversight on cyber risks. Crypto exchanges will not be required to offer cooling-off periods or cancellation rights to customers under new rules. The regulator said cryptoasset firms do not carry the same systemic risk as banks or large investment institutions. Strong cybersecurity and operational resilience measures will be mandatory to prevent hacks and outages. The UK’s financial regulator is preparing a shakeup for crypto firms. The Financial Conduct Authority (FCA) said it will drop some traditional finance requirements to better fit the unique nature of the…
China’s securities firms flooded the debt market last month, unloading 209.4 billion yuan ($29.4 billion) in August, the largest monthly bond sale since Bloomberg started tracking back in 2004. That was just the beginning. By mid-September, they pushed out another 129.9 billion yuan, nearly 170% more than what was issued during the same month last year. The surge is happening while retail traders are borrowing more to chase profits in a $1.5 trillion stock rally. Firms are locking in funds while rates are cheap, and demand for margin loans is climbing fast. Companies are using the bond proceeds to refinance…
Ethereum treasury, the Ether Machine, has confidentially submitted a draft registration statement on Form S-4 with the U.S. Securities and Exchange Commission. The firm plans to go public by merging with Dynamix. Summary The Ether Machine has confidentially submitted a draft registration statement on Form S-4 to the SEC as it prepares to go public. Upon approval, the Ether Machine will become the largest public holder of ETH. According to a press release, the Ether Machine has filed a draft S-4 registration with the SEC for its planned Initial Public Offering through a pending merger with Dynamix. It is preparing…
Summary After falling from recent highs above $250, SOL is currently trading around $234. Bullish attitude is reinforced by institutional accumulation (~$1.65B via Forward Industries & Galaxy Digital). Although it increases volatility, meme coin speculation fuels high trading volume and network utilization. Positive outlook: A break above $250 would cause SOL to go closer to $270–$300, with longer-term prospects above $400. Downside risk: If $230–$232 is not held, SOL might drop to $213 and then to $200–$185. The general view for Solana price prediction is cautiously favorable, but the present excitement makes short-term corrections more likely. With substantial institutional accumulation…
Der Markt wartet gespannt auf die Zinsentscheidung der US-Notenbank. Im Vorfeld zeigt Bitcoin eine auffällige Stärke. Nach einem Rücksetzer konnte der Support gehalten werden, wodurch sich der Kurs erneut nach oben bewegte. Besonders der Ausbruch über eine diagonale Trendlinie gab den Bullen kurzfristig Rückenwind. Das Ziel bei rund 117.400 US-Dollar wurde jedoch knapp verfehlt. Der Chart zeigt eine bullische Flagge, die Raum für weitere Anstiege lassen könnte. Bitcoin Bullflag, Quelle: www.tradnigview.com Die Unsicherheit bleibt. Kommt eine Zinssenkung von 0,5 Prozent, wäre ein explosives Szenario nach Norden denkbar, möglicherweise sogar neue Allzeithochs. Bei nur 0,25 Prozent und einer mahnenden Rede von…
Summary Bank of England’s stablecoin cap sparks pushback from crypto leaders UK stablecoin limits draw criticism over enforceability and market impact Crypto industry warns “no other major jurisdiction has deemed it necessary to impose caps” UK regulators propose caps on stablecoin ownership to protect financial stability. The crypto industry criticizes the plan as costly, unnecessary, and counterproductive, to say the least. The Bank of England‘s plan to impose strict limits on stablecoin ownership reportedly drew immediate criticism from crypto and payments industry groups, who said the proposed caps — £10,000–20,000 per individual and £10 million per business for all systemic…
Apple’s iPhone business in China just took a punch to the gut. Sales dropped 6% year-over-year in the two months leading up to the global launch of the iPhone 17, according to data from Counterpoint Research. That dip hit harder than what the company usually sees before a new model drops. The pullback happened in July and August, weeks before Apple’s new lineup is set to go live this Friday, September 19. And it wasn’t just Apple. Chinese brands like Xiaomi, Vivo, and Honor also had slower numbers, which dragged the entire market down 2% in the same period, despite…
TOSHI price rallied as much as 83% today, breaking out of the consolidation phase that had persisted since the beginning of September. Summary TOSHI price shot up as high as 83% following listings on Binance Futures and Upbit. The token recently confirmed a breakout from a cup-and-handle pattern, with the target level now acting as a key support level. According to data from crypto.news, Toshi (TOSHI) shot up to an 8-month high of $0.0011 on Sep. 17, afternoon Asian time, before settling at $0.0010 at press time. At this price, it is up 50% above its September low and over…
XRP-centric treasury company VivoPower expands mining fleet to acquire XRP at 65% discount
VivoPower, a Nasdaq-listed energy company that recently launched an XRP-centric treasury, will expand its mining fleet to acquire XRP at a 65% discount. Summary Caret Digital, VivoPower’s mining unit, is adding proof-of-work rigs and converting mined tokens into XRP, effectively securing the asset at a 65% discount. The company combines token swaps from mining with strategic Ripple Labs share purchases, aiming to maximize XRP exposure at the lowest average cost. VivoPower, a Nasdaq-listed XRP-centric treasury company, has announced that its digital asset mining unit, Caret Digital, has obtained bulk discounts on additional mining rigs and will expand its proof-of-work mining…
