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The story of Bitcoin has always been one of evolution. What began as a peer-to-peer electronic cash system has steadily grown into the world’s leading digital reserve asset. Along the way, Bitcoin has attracted not only cypherpunks and technologists but also institutions, public companies, and financial service providers seeking to incorporate it into their balance sheets and operations. This edition, The Finance Issue, explores one of the most significant and complex chapters of Bitcoin’s ongoing journey: its integration into the world of corporate treasuries and mainstream finance. In recent years, adoption by listed firms, asset managers, and fintech platforms has…

Mike Novogratz’s Galaxy Digital has secured a $460 million private investment from one of the world’s “largest asset managers” to accelerate the transformation of its former Bitcoin mining site in Texas into an AI data center.The deal involves the purchase of 12.77 million Class A shares at $36 per share, with the proceeds earmarked for general corporate use and the expansion of its Helios campus, expected to deliver 133 megawatts of IT capacity in early 2026, the company announced Friday. “Having one of the world’s largest and most sophisticated institutional investors make such a significant investment in our company will…

Morgan Stanley is dropping long-standing restrictions on which of its wealth management clients can invest in crypto funds, broadening access across its $8.2 trillion platform. Starting Oct. 15, financial advisors will be able to offer bitcoin and crypto funds to any client — including those with retirement accounts — according to reporting by CNBC.  Until now, only investors with more than $1.5 million in assets and an aggressive risk profile could participate. In other words, Morgan Stanley will soon let all its wealth management clients, including those with retirement accounts, invest in crypto. No asset-cap required. The move marks a…

Key points:Bitcoin and altcoins reel from the biggest liquidation event in crypto history.BTC price action fails to stage a rebound from multi-week lows, with $100,000 getting closer.Crypto is beginning a “cleanse” of bull-market euphoria, a trader says.Bitcoin (BTC) pressured $110,000 support on Saturday as the dust settled on a record $20 billion liquidation event.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewTrader sees start of “crypto cleanse”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to rebound after falling to three-week lows on Bitstamp.Fresh market nerves over the US-China trade war punished risk assets across the board. The S&P 500 closed down 2.7%…

By Omkar Godbole (All times ET unless indicated otherwise)It’s a tough market to trade as bitcoin’s BTC$111,717.44 price swings sharply. Following a late Thursday drop from $123,000 to $120,000, BTC has recovered to trade around $121,400, with privacy coins such as ZEC$222.44 and DASH$37.75 rising sharply. The CoinDesk 20 Index has bounced to 4,178 points from the overnight low of 4,097.BTC’s volatility has picked up, likely in expectation of another Fed rate cut later this month.”Bitcoin volatility is poised for a breakout. Implied volatilities across 14, 30, and 90-day expiries have surged to their highest levels in the past 30…

The new stablecoin from the STBL protocol fell below its $1 peg shortly after going live, highlighting challenges for liquidity. USST, a new stablecoin launched on Friday, Oct. 10 by stablecoin platform STBL, co-founded by one of Tether’s founders, slipped below its $1 peg to as low as $0.96 within hours of debuting on Curve, sparking concerns over confidence in the project.At the time of writing, USST is trading at around $0.9776, down 1.5% in 24 hours with a market cap of roughly $967,000 and just 52 holders, according to data from GeckoTerminal. USST/USD price. Source: GeckoTerminalThe Curve pool showed…

The crypto market experienced its largest liquidation event ever on Friday night U.S. time, forcing out leveraged bullish bets worth $16 billion across bitcoin BTC$111,477.64, ether ETH$3,818.17, XRP$2.4831, solana SOL$186.29, and the broader altcoin market. Several altcoins have crashed between 20% to 40% as the market recoiled.Naturally, bulls may be wondering whether the recovery could be swift or take time. Understanding the process that follows a crash like this suggests the recovery is likely to be gradual, testing the patience of bullish investors.”When the market turns like this, there’s usually a pretty straightforward playbook for the aftermath,” Zaheer Ebtikar, chief…

Key takeawaysSWIFT powers most of the world’s bank transfers through its messaging network, while Ripple uses XRP to make cross-border payments faster and cheaper.Beyond payments, XRP is also used for remittances and is being explored for tokenized loyalty and DeFi applications, with institutions like SBI Holdings testing integrations.SWIFT is developing a blockchain-based ledger for real-time payments, interoperable with major networks and supporting tokenized assets.SWIFT still faces challenges like outdated systems, regulatory hurdles, institutional inertia and competition from Ripple’s expanding network.Cross-border payments move trillions of dollars each year, and two names dominate: the long-established SWIFT (Society for Worldwide Interbank Financial Telecommunication)…

A group of banks is in the process of exploring the launch of stablecoins focused on some of the world’s biggest fiat currencies, including the US dollar, euro and Japanese yen.According to a Friday statement from BNP Paribas, banks including Bank of America, Goldman Sachs, Deutsche Bank and Citi said that they had launched a project to explore the “issuance of a 1:1 reserve-backed form of digital money that provides a stable payment asset available on public blockchains” linked to currencies from the Group of Seven (G7) countries: the United States, Canada, the United Kingdom, France, Germany, Italy and Japan.…

Crypto market sentiment has dropped to its lowest level in almost six months after US President Donald Trump announced a 100% tariff on China.The Crypto Fear & Greed Index, which gauges overall market sentiment, fell to a “Fear” level of 27 in its Saturday’s update, representing a decline of 37 points from Friday’s “Greed” reading of 64. The decline came as Bitcoin (BTC) briefly dipped to $102,000 on the Binance perpetual futures pair following Trump’s announcement of sweeping tariffs on Friday.The Crypto Fear & Greed Index posted a “Greed” score of 71 when Bitcoin reached new highs on Monday. Source: Alternative.meOver…