Crypto

Bitcoin fell to just above $80,000 as South Korea’s Kospi plunged 8%, while the CoinDesk 80 fell 2.2% and all but six CoinDesk 100 members declined. Bitcoin BTC$80,955.28 is trading at $81,200, down around 0.5% since midnight UTC after trimming a 1% loss from earlier in the session, with buyers stepping in just above $80,000 at around 02:30 UTC, close to the Oct. 8 low of about $80,300. Asian equities.

Crypto

September inflation came in above forecasts and the selloff in AI stocks picked up speed, dragging bitcoin back toward last week’s low. September inflation came in above forecasts and the selloff in AI stocks picked up speed, dragging bitcoin back toward last week’s low. A hotter-than-expected U.S. inflation report briefly lifted bitcoin to nearly $84,000 on Wednesday, then sent it sliding to about $80,400 early Thursday. That’s just above last.

Crypto

Jeff Yan told Bloomberg that U.S. regulatory oversight should apply to the firms using the blockchain, not to the underlying network itself. Hyperliquid founder Jeff Yan wants U.S. regulators to oversee financial firms using his blockchain rather than the network itself. Companies operating trading markets on Hyperliquid should be responsible for meeting regulatory requirements, much like financial firms using internet infrastructure, Yan said Thursday in a Bloomberg interview. “The regulation.

Crypto

Police reportedly seized $4 million in cash and 64 luxury watches during a raid on the crypto founder's Istanbul residence. Richard Heart, the founder of crypto projects Hex, PulseChain and PulseX, was arrested in Istanbul on Wednesday in a joint operation by Turkish police and intelligence officers, according to local media reports. Heart, whose legal name is Richard James Schueler, was detained alongside his wife at a property in Istanbul's.

Crypto

BlackRock's CEO says "a moratorium of some sort" on data center buildouts would put the U.S. in a recession. Companies are pouring so much money into data centers that power artificial intelligence (AI) that any attempt to slow it could hurt the U.S. economy, not just the stock market. Larry Fink, CEO of BlackRock, the world's largest asset manager, made that clear Wednesday in a CNBC interview, while also warning.

Crypto

Ether accounted for nearly 60% of the forced closures across the two largest cryptocurrencies, falling roughly twice as much as bitcoin. Nearly $483 million in bitcoin and ether futures positions were closed over the past 24 hours as cryptocurrency prices fell Thursday, with ether traders taking the largest hit. Crypto losses worsened on Thursday morning as uncertainty over the Federal Reserve’s next interest-rate decision weighed on markets. Bitcoin traded around.