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.

The SEC vs. Ripple Labs lawsuit took a somewhat unexpected turn, breathing new life in the case just before an important deadline.

The U.S. Securities and Exchange Commission (SEC) is filing a notice of appeal against 2023's landmark ruling that the sales of the crypto asset XRP only qualify as securities when sold to institutional investors.

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.

Ripple announced its expansion on October 1, highlighting the importance of DFSA's “in-principle approval.” This approval allows Ripple to deliver its “enterprise-grade” digital asset infrastructure from the DIFC.

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.

On Wednesday, October 2, the United States Securities and Exchange Commission (SEC) took a formal step in extending the XRP lawsuit with Ripple by filing a Notice of Appeal of Judge Torres's ruling.

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.

The Ripple SEC case has been one of the high-profile and long-running legal battles in the crypto sector. In the latest development, the US SEC has filed for a Notice of Appeal in the ongoing battle, just ahead of the deadline, indicating an extended period for the legal battle to be over.

The SEC has officially appealed its case against Ripple following a historical ruling on Aug. 7, in which Ripple was ordered to pay a $125 million civil penalty, although the regulator was asking for $2 billion. The motive is that the district court's decision goes against long-standing Supreme Court precedents and established securities laws.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The cryptocurrency market exhibits a bearish stance, with the Fear & Greed Index signaling fear at 36 as Bitcoin threatens potential declines beneath $60,000. Meanwhile, various developments attracted the attention of crypto enthusiasts as bears flexed their muscles over the past day.

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.

The SEC has officially submitted an appeal against Ripple to the U.S. Court of Appeals for the Second Circuit, challenging the August 7, 2024 ruling. Ripple CEO Brad Garlinghouse criticized the SEC for harming its credibility and prolonging the battle instead of protecting investors.

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.

Crypto prices struggled as tensions escalated in the Middle East.

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

Cowboy Crypto, in a latest X post, has shared a little review of SEC officials who are involved in the SEC vs Ripple case. He has asked to pay attention to all the Congressmen/Congresswomen who have not said a word about this appeal of government overreach and blatant corruption.

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.

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.

The Bitwise XRP ETF filing has gone live on the US Securities and Exchange Commission (SEC) website. This application, which is a first of its kind, will offer institutional investors an avenue to gain exposure to XRP if approved.

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

Hold your horses, the battle between the Securities and Exchange Commission and Ripple isn't quite over yet.

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.

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.

After a major setback, the blockchain payments network Ripple teamed up with Mercado Bitcoin, one of the largest cryptocurrency exchanges in Latin America to launch cross-border payment using cryptocurrency. The main objective of this significant development is to enable Brazil to utilize Ripple's end-to-end payment solution.

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

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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.

Most of the coins remain under sellers' pressure, according to CoinMarketCap.

Ripple has partnered with Mercado Bitcoin to introduce Ripple Payments to enhance their funding operations with Portugal.