BTC Dips to $27.2K After Grayscale's Court Win: Market Signals Weakness

Markets

Bitcoin slips to $27.2K as cryptos dip post Grayscale's court win. Despite Tuesday's rally, signs of market weakness emerge. BTC is down 2% in 24 hrs. at $27,240; ETH is resilient at just above $1,700. Market Index down 2.4%, ADA, SOL, MATIC lead 4% altcoin dip. Landmark win for Grayscale's BTC ETF bid sparks hope, but approval not guaranteed.

22 October

General

yesterday

Japanese authorities make history by tracing Monero transactions, leading to the arrest of 18 scammers in a $670K money laundering case. This marks the first time Monero has been used to identify criminals in Japan.

Policy

yesterday

Japan's Democratic Party for the People (DPP) leader Yuichiro Tamaki has proposed a 20% tax cap on crypto gains in a policy pitch ahead of the upcoming election. The plan includes tax exemptions for crypto-to-crypto exchanges and aims to boost Japan’s position in the global crypto space.

Business

yesterday

CoinSwitch co-founder Ashish Singhal has accused WazirX of moving $75M in user funds to Bybit and KuCoin following a July 2024 hack. CoinSwitch launched a public dashboard to track wallet activities, revealing the transfers.

Tech

yesterday

Freedom Factory unveils the dGen1, a new mobile device built on ethOS for Ethereum users to interact with Web3 apps, DeFi protocols, and sign transactions. Set to ship in Spring 2025, the crypto-native device features a light node client, eliminating the need for third-party RPC nodes.

14 October

Policy

9 days ago

Taiwan is set to trial crypto custody services through local banks in 2025. The Financial Supervisory Commission plans to collect applications early that year, with banks already showing interest in storing Bitcoin, Ether, and Dogecoin for clients.

Markets

9 days ago

Bitcoin's price fell towards $60,000 for the first time in a week, with most altcoins following the downward trend. Despite the broader market dip, Uniswap’s token defied the odds, gaining 6.5%, while Aptos plunged 9% in the past 24 hours.

Tech

9 days ago

World Liberty Financial, a DeFi project backed by Trump’s circle, has formally proposed launching on Aave’s Ethereum mainnet. The team aims to leverage Aave V3 for lending and borrowing ETH, WBTC, USDC, and USDT, integrating Aave’s security and reserve factor system.

Business

9 days ago

Stripe has officially re-entered the crypto space after a six-year break! The payments giant now allows businesses to accept USD Coin (USDC) payments across Ethereum, Solana, and Polygon networks.

General

9 days ago

South Korea now recognizes cryptocurrency as a marital asset. Spouses can claim Bitcoin and other crypto holdings in divorce settlements, making it easier to track and divide digital assets. A major legal shift for the crypto world!

04 October

Tech

18 days ago

Ripple and Mercado Bitcoin are teaming up to launch crypto-enabled cross-border payments in Brazil, promising faster and more efficient transactions. The service, aimed at institutional clients, will roll out by the end of 2024, starting with operations between Brazil and Portugal.

BTC Dips to $27.2K After Grayscale's Court Win: Market Signals Weakness

Related news

First Mover Americas: BTC's Fall Below $67K Prompts Broad Market Dip

Musk’s Tesla Still Holds $780M Bitcoin, Arkham Says, Ahead of TSLA Earnings

Bitcoin Mining Difficulty Hits All-Time High as Mining Revenue Rises; Signals Upcoming Bull Run

DOGE, XRP Lead Crypto Majors Decline as Bitcoin ETFs Bleed $80M

As Bitcoin Nears Golden Cross, Concerns About Rising Treasury Yields Look Overhyped

MakerDAO Contemplates Dropping Sky Brand as Community Debates

Ready to explore with XBO.com?