Strategy chair Michael Saylor says the investment cycle for companies like his is 1,000 times faster than “anything else you’ve seen in your life,” and it looks like his firm is about to buy more.
Stephen Katte
Stephen Katte is an Australia based journalist who joined Cointelegraph in 2022 as a writer on the Asia-Pacific news desk. Previously, he wrote gambling related articles for casinos and covered international news with a focus on the United States. He also covered local Australian news with regional papers under the banner of major media company’s Fairfax Media and Nine. He holds a bachelor’s degree in writing from the University of Canberra. Stephen has no crypto holdings above Cointelegraph’s disclosure threshold of $1,000.
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Strategy can buy $100M of Bitcoin within an hour of raising it: Saylor - News
Ripple seeks to buy $1 billion XRP tokens for new treasury: Report Ripple Labs is already a significant XRP holder, with its market report from earlier this year revealing it had 4.5 billion tokens in its stash, with another 37 billion locked in escrow.
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Ghana central bank targets December to have crypto regulations in place It’s estimated that over 3 million people in Ghana, representing roughly 8.9% of the country’s 34 million population, use crypto in some form.
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After a rough year, blockchain gaming sees a glimmer of hope Blockchain gaming has faced a challenging year for funding, according to DappRadar, but a Q3 uptick brings hope, while recent game releases could turn the tide.
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Australia’s financial watchdog may gain power to ban crypto ATMs Minister Tony Burke said the government won’t be pushing for an outright ban on crypto ATMs, but he wants to provide AUSTRAC with the power to implement one.
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Bank of England clarifies plan to limit stablecoins is temporary Industry groups criticized the proposed stablecoin limits, arguing that they would stifle innovation and signal to the industry that the UK isn’t crypto-friendly.
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48 new Bitcoin treasuries popped up in just 3 months: Bitwise Rachael Lucas, an analyst at BTC Markets, said the growing accumulation of Bitcoin suggests “larger players are doubling down.”
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BlackRock CEO sees ‘new wave of opportunity’ in tokenization BlackRock is the largest asset manager in the world, with $13.46 trillion in assets under management and comprising $104 billion in crypto assets.
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Satellites are leaking your data worse than coffee shop WiFi: Researchers Researchers were able to read text messages and even traffic for military systems and infrastructure with just a few hundred dollars’ worth of equipment.
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‘Crowd FUD’ is the best signal for when to buy Bitcoin: Analyst Santiment analyst Brian Q said emotional trading tied to political news is dominating short-term market behavior more than ever.
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US gov shutdown enters 3rd week with ETF ‘floodgates’ ready to burst The crypto industry is awaiting a final decision on 16 crypto exchange-traded funds this month, including funds tracking Solana, XRP, Litecoin and Dogecoin.
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White House reportedly mulling pardon for Binance founder CZ Binance co-founder Changpeng Zhao said that being considered for a presidential pardon from Trump would be “great news if true.”
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Privacy group urges Ireland to drop work on encryption ‘backdoor law’ The Irish Communications Interception and Lawful Access Bill is still in development, with drafting yet to occur, but the Global Encryption Coalition wants it scrapped now.
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Telegram’s Durov: We’re ‘running out of time to save the free internet’ EU lawmakers have sought to introduce Chat Control, while the UK and Australia are on track for digital ID systems. Pavel Durov warns that these “dystopian” measures must be stopped.
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Uganda launches CBDC pilot as Kenya’s crypto bill passes final hurdle Uganda’s CBDC, a digitized version of the Ugandan shilling, has been deployed on a permissioned blockchain and backed by Ugandan treasury bonds.
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BNB mindshare spikes 251% in a week, as markets eye low-cost chains Rachael Lucas, an analyst at BTC Markets, noted that BNB‘s recent surge highlights growing investor confidence in its long-term prospects.
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Crypto stocks IREN, NAKA struggle amid convertible note deals IREN and Kindly MD are raising big money through convertible notes, but traders reacted negatively following each of the companies’ multimillion-dollar deals.
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Canary’s Litecoin, HBAR ETFs ready for ‘go-time’ after gov shutdown: Analysts ETF analyst Eric Balchunas says Canary Capital’s filings for spot Litecoin and HBAR funds are seemingly finalized, but the government shutdown will delay their launch.
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It’s not ‘too late in the game’ to get into crypto: Pantera exec Bitcoin’s frequently rising price may have caused some investors to feel they missed the boat, but Pantera’s Cosmo Jiang says there’s still plenty of room on board.
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EU weighs sanctions on ruble-backed stablecoin A7A5: Report Several banks in Russia, Belarus and Central Asia are also in the EU’s firing line for enabling crypto-related transactions, according to a Bloomberg report.
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Companies spent $1.2B on Bitcoin last week, but BTC ETFs stole the show Bitcoin-stacking companies bought over 6,700 BTC last week, with the majority of the buying coming from Japanese investment firm Metaplanet.
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BNB sets a new all-time high at $1,111 as user metrics fire up Analysts told Cointelegraph in July that whales and treasury companies stacking BNB, along with regular token burns, were sending the coin’s price higher.
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Near Foundation is working on an AI ‘digital twin’ for governance votes When the AI delegates rollout, it will be done in stages, with early models similar to chatbots, then a model representing large groups, and finally, each DAO member.
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‘Horse has left the barn:’ ETHZilla bets big on Ethereum’s stablecoin play ETHZilla’s CEO says the Ethereum treasury company plans to work with layer-2 protocols to generate a higher yield than it could get from staking.
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Crypto treasuries may soon start gobbling each other up: Coinbase Coinbase’s head of investment research, David Duong, said companies may soon consider mergers and acquisitions similar to the recent Strive and Semler Scientific deal.
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Sweden eyes entering the Bitcoin ‘digital arms race’ The proposal came from two Swedish Democrats, a party that is a key player in backing the Swedish ruling coalition and its minority government.
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AI agents need crypto to operate in financial markets: Coinbase exec Coinbase’s head of institutional strategy, John D’Agostino, says expecting AI agents to operate in the traditional finance system is akin to streaming using a dial-up modem.
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SEC staff open to advisers using trust companies as crypto custodians The SEC’s Division of Investment Management said it would not recommend enforcement action against advisers that use a state trust company as a crypto custodian.
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BitMine’s Lee calls ETH a ‘discount to the future,’ Bit Digital eyes $100M BitMine chairman Tom Lee thinks Ether is trading at a discount because future adoption of the blockchain by Wall Street and AI companies will drive it higher.
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October is ‘ETF month’ as 16 crypto funds await final decision NovaDius Wealth Management president Nate Geraci said it will be an “enormous next few weeks for spot crypto ETFs" as the SEC is due to decide on 16 applications.