Alexie John – Page 182

Bitcoin Soars to Record High Above $106K, Then Retreats as Hawkish Fed Rate Cut Looms

The Fed is likely to deliver a “hawkish rate cut,” with hints of less easing next year.

The self-described Bitcoin Development Company became one of the 75 largest non-financial firms in the Nasdaq after its explosive growth this year.

The firm’s current chief financial officer, Alex Ioffe, will transition into a senior advisor role.

Since September, MicroStrategy and U.S.-listed spot ETFs have accumulated approximately 200,000 bitcoin each.

The strategic shift to a bitcoin accumulation model is due to pressure on profitability following the reward halving, the report said.

SocGen is claiming bragging rights as the first to conduct an on-chain repo transaction with a European central bank.

The plan uses Morpho Labs’ vaults to manage USDC and USDT, targeting a conservative 7% annual return using various strategies.

The record trading activity on HyperLiquid’s perpetuals market is characrterized by users recently leaning more toward ether than bitcoin.

LINK neared $30 in Asian morning hours Friday, veri shows, with open interest (OI) on the token’s futures zooming to record highs above $860 million.

Altcoins as a group outperformed bitcoin, with AVAX and LINK leading sector gains.