Standard Chartered's latest analyst note suggests that Bitcoin‘s (CRYPTO: BTC) recent price action reaffirms its role as a hedge against traditional financial system issues rather than geopolitical tensions. What Happened: The bank's analysts point out that Bitcoin's price weakness amid Middle East tensions demonstrates it is “not a safe haven against geopolitical concerns.

Representative Ro Khanna, a prominent member of the House of Representatives, is pushing for the U.S. government to hold confiscated Bitcoin as a strategic reserve. This idea is gaining traction across both political parties, signaling a shift in how cryptocurrency is viewed in the halls of power.

Banking giant JPMorgan recently poured cold water on Ethereum (ETH), the second-largest cryptocurrency, claiming that there is no "bullish impulse" in its futures products.

A social media post by an X account named “Wicked” presents claims that Satoshi Nakamoto may have conducted 51% attacks on the Bitcoin blockchain in May 2009. Wicked speculated that Satoshi likely tested these attacks early on to understand their potential impact on the network.

Trump is providing lip service to Bitcoiners, but that does not mean he will continue to be an ally of Bitcoin if he does get elected for a second term.

Franklin Templeton, a multi-trillion dollar asset management firm, has filed for a new exchange-traded fund (ETF) that would provide exposure to both Bitcoin and Ethereum. According to an application with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the firm aims to offer investors a single product that tracks the performance of the two largest cryptocurrencies by market capitalization.

A closely followed crypto strategist is warning that one modular blockchain project may be on the verge of collapse. Pseudonymous analyst Altcoin Sherpa tells his 224,000 followers on the social media platform X that layer-1 Celestia (TIA) could plummet by more than 77% from its current value due to prolonged investor selling.

According to the latest announcement from Japanese investment firm Metaplanet Inc., its Bitcoin holdings have surged, rising to 530.717 BTC as of October 3.

According to Glassnode, BTC was showing signs of a shift in market structure.

Amid the general market decline, 97,602 traders have liquidated in the past 24 hours, with the combined liquidation value reaching $274.73 million. The leading coin, Bitcoin (BTC), has extended its decline, slipping by 1%, while its trading volume plummeted by 20% during the same period.

According to the International Monetary Fund, El Salvador has a 3% annual GDP growth rate and roughly $144 million in outstanding loans.

Despite this week's sell-off, onchain and technical data highlight an encouraging shift in the Bitcoin market.

Visa, the global payments giant, has announced a major step forward in integrating blockchain technology with traditional banking. With the launch of its Visa Tokenized Asset Platform (VTAP), set to pilot in 2025, Visa aims to enable financial institutions to mint, burn, and transfer fiat-backed tokens, such as stablecoins, on public blockchains like Ethereum.

Payments services giant Visa has launched the Visa Tokenized Asset Platform (VTAP), a b2b solution for commercial banks to issue fiat-backed tokens on the Ethereum network. In an announcement on October 3, the company said the product will help banks bridge fiat currencies with blockchain networks.

Ripple has partnered with Mercado Bitcoin, the largest crypto exchange in Latin America, to enhance cross-border payments in Brazil using its end-to-end payments solution that leverages blockchain technology, per an Oct. 3 statement. Mercado Bitcoin will be the first client in Brazil to adopt Ripple's payment system to streamline treasury operations between Brazil and Portugal.

CleanSpark has released its unaudited Bitcoin mining update, which shows the company saw its hashrate jump 187% in the fiscal year ending September 2024. The publicly-traded Bitcoin (BTC) miner announced this on Oct.

Standard Chartered's Geoff Kendrick warns that the Middle East conflict may encourage investors to have potential buying opportunities.

According to analysts at JP Morgan, the current war uncertainty around the globe and the US presidential elections can drive investors toward “debasement trade.” This means investors will consider gold and bitcoin more as safe assets.

Ethereum's (CRYPTO: ETH) price drop woke up a formerly active whale wallet, which bought a significant sum despite the asset's poor recent performance. What Happened: On-chain analytics platform Spot On Chain revealed that the elusive “7 Siblings” wallet made a significant purchase of Ethereum during the recent market dip.

Key Points:

Rising conflict in the Middle East could cause BTC to fall below $60,000, increasing returns for investors who would see the decline as a buying opportunity.

According to Geoff Kendrick, Standard Chartered's global head of digital assets research, Bitcoin (BTC) dropping below $60,000 due to escalating geopolitical tensions in the Middle East could offer a prime buying opportunity.

Demand for bitcoin has remained subdued since tensions in the Middle East escalated on Tuesday, according to an analyst.

Should you shift your Bitcoin investment strategy on account of the recent escalating geopolitical factors?

Cyber security firm CertiK revealed that despite a decline in the number of hacks, the total value stolen soared to 750M Q3, with Ethereum as the top target.

Bitcoin price has come under pressure from the Middle East geopolitical crisis, but a broader look at the market provides some hope.

Risks stemming from the Middle East conflict are likely to push bitcoin below $60K before the weekend, the report said.

Metaplanet announced the sale of 233 BTC put options with a strike price of $62K. The firm's current Bitcoin holdings have reached 530.717 BTC.

Vitalik proposes reducing ETH staking minimum to enhance user participation. Increased bandwidth requirements could temporarily balance lower staking thresholds

“7 Siblings” invested $66M in Ethereum during recent market dip. Previous purchases include $129.3M for 56,093 ETH at $2,305 average price.

Franklin Templeton has filed a proposal with the US SEC to launch a Bitcoin and Ethereum index ETF. If approved, this ETF would be the first to hold both BTC and ETH in a single fund.

Ripple and Mercado Bitcoin launch a new payment system in Brazil, enhancing cross-border transactions and simplifying currency exchanges. The post Ripple and Mercado Bitcoin initiate cross-border payment service in Brazil appeared first on Crypto Briefing.

Peter Brandt, one of the most highly reputed commodity traders, has predicted that the price of the Ripple-affiliated XRP cryptocurrency is going to plunge to zero against Bitcoin.

Michael Saylor, an American businessman and CEO of MicroStrategy, is known for being a big supporter of Bitcoin (BTC). He recently made another post about the major cryptocurrency.

Riot Platforms mined 412 Bitcoin in September, marking a 28% increase over the previous month.

Grayscale now has a trust that gives investors access to Aave, a DeFi protocol on Ethereum and the 44th biggest digital token by market cap.

You can click on this news section to read its content. It seems somehow there is no meta tag description available for this news article.

Geopolitical tensions and economic uncertainty may enhance gold's safe-haven status, while Bitcoin's role remains debated amid volatility. The post Iran-Israel crisis could drive investors with ‘debasement trade' favoring Bitcoin and gold — JPMorgan appeared first on Crypto Briefing.

DeFi platforms often need help to provide the security and simplicity users need to manage their crypto wallets. This is where WallitIQ (WLTQ) steps in, addressing these shortcomings through advanced artificial intelligence (AI) and machine learning (ML) technologies.

A crypto trader opined that market participants should step back from the Bitcoin “Uptober” hype and look at the bigger picture.

A seemingly contradictory, yet profound message from Jeff Booth

Visa introduces VTAP, allowing banks to issue and manage fiat-backed tokens on Ethereum, with live pilots in 2025. The post Visa unveils Ethereum tokenization platform for banks with BBVA as early adopter appeared first on Crypto Briefing.

Bitcoin and altcoins continued their downward trend while crude oil prices jumped as the odds of a wider crisis in the Middle East rose. Bitcoin (BTC) retreated below $60,000 for the first time since Sep.

Spanish multinational banking heavyweight Banco Bilbao Vizcaya Argentaria (BBVA) is ready to mint the pilot version of its stablecoin on the top of Ethereum (ETH) blockchain. Visa's brand-new tokenization platform, VTAP, has been chosen as the technical basis for a game-changing product.

Analysts at JPMorgan suggest geopolitical risk could lead investors to adopt a "debasement trade" strategy, favoring gold and bitcoin.

Ripple, a leading digital asset infrastructure provider, has partnered with Brazil's largest crypto exchange, Mercado Bitcoin, cracking the newest possible blockade by the US Government. The SEC, on October 2, filed a notice of appeal in the lawsuit with an aim to reverse a decision rendered by Judge Analisa Torres.

Ripple will launch crypto-based payments across Brazil. The announcement was made on the company's website on October 3rd.

Ripple has announced that its payments solution is now available in Brazil, which follows digital asset infrastructure provider's partnership with crypto exchange Mercado Bitcoin. According to a Ripple announcement on Oct.