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Wall Street broker Benchmark remains bullish on Strategy (MSTR) despite the stock’s recent struggles, arguing that its bitcoin-linked perpetual preferred shares give it something no other digital asset treasury can match: permanent capital. The broker reaffirmed its Strategy buy rating and $705 price target in the Thursday report. The stock was 2% lower in early trading, around $324.In an investor meeting hosted by Benchmark this week, Executive Chairman Michael Saylor outlined how these instruments strengthen the company’s strategy.While other firms race to replicate Strategy’s playbook, the company’s 640,031 BTC treasury, more than twelve times the next-largest corporate holder, remains unrivaled,…

The BlackRock spot Bitcoin exchange-traded fund is by far the industry leader, buying more and selling less than its competitors. The BlackRock iShares Bitcoin Trust (IBIT) has seen nearly $65 billion in aggregate inflows since its launch, surpassing the total inflows of all its competitors combined. The fund often buys when all others are at zero flows or selling, such as on Wednesday, when it purchased 3,510 BTC, while all other funds, aside from Bitwise, bought nothing. There are a few reasons for this, as explained by Arkham Intelligence. Firstly, BlackRock’s “brand image and reputation attract flows for Bitcoin,”…

Bill Zanker, a longtime ally of US President Donald Trump, is leading an effort to raise at least $200 million to prop up the Official Trump meme coin, reports have disclosed. Related Reading The bid is being run through a vehicle called Fight Fight Fight LLC, and backers say the fundraising could climb as high as $1 billion, though the deal is not guaranteed to close. Rescue Plan Targets Market Pressure According to Bloomberg and people familiar with the effort, the token has lost most of its value since launch, sliding from $75 in January to around $8 today —…

BNB’s meme coin craze minted dozens of millionaires overnight, but some whales lost millions in FOMO-fueled trades. BNB Chain is dominating new token activity, according to fresh data from Bubblemaps. Over the past 24 hours, the network has seen nearly 35,000 new tokens launched, and far surpassed other blockchains. The surge was accompanied by an on-chain trading volume of roughly $10 billion. To put this into perspective, Solana followed with around 16,000 new tokens and $2.3 billion in volume, while Coinbase’s Layer 2 Base recorded about 30,000 tokens but with a far smaller $27 million in trading. BNB Meme…

In brief Coinbase has launched crypto staking services in New York after years of objections from state regulators. New Yorkers can now stake several major tokens, including Ethereum and Cosmos, with estimated yields ranging up to 16% APY. The move follows the resignation of state crypto regulator Adrienne Harris, who reached a $100 million settlement with Coinbase in 2023. Coinbase announced Wednesday it has begun offering crypto staking services in New York, after years of carving the state out of its lucrative yield programs due to regulators’ objections.New Yorkers can now earn yield by staking deposits of Ethereum, Solana, Cosmos,…

In brief A Herzliya crypto trader was reportedly stabbed twice and robbed of nearly $600,000 in crypto after three assailants ambushed him in his apartment building on September 7. The attack lasted over an hour, with captors allegedly threatening his family and cleaning the crime scene with disinfectant before fleeing with Bitcoin, USDT, and a $50,000 Rolex. A security expert reported 52 such “wrench attacks” globally in 2025, averaging one per week. A crypto trader in Herzliya was allegedly bound, beaten, and stabbed in his own home during a brutal robbery that netted thieves approximately $600,000 in crypto, the latest…

In brief Block founder Jack Dorsey tweeted a call for a de minimis tax exemption on everyday Bitcoin transactions, prompting Sen. Cynthia Lummis to reply she’s “Working on it.” Lummis urged supporters of the tax exemption to contact their representatives. The exemption was part of crypto tax reforms that failed to make it into Trump’s reconciliation bill in July when pro-crypto senators ran out of time before the vote. Block founder Jack Dorsey has called for a federal tax exemption on everyday Bitcoin transactions, urging for the revival of a legislative effort that fell short just months ago when pro-crypto…

What is TDOG, and how does it work? 21Shares’ Dogecoin exchange-traded fund (ETF), TDOG, recently appeared on the DTCC’s Active and Pre-Launch list under the ticker TDOG. The listing connects brokers and clearing institutions in preparation for potential trading, but it does not indicate regulatory approval.The proposed TDOG/21Shares Dogecoin (DOGE) trust is intended to be physically backed (i.e., holding Dogecoin directly) and to issue shares designed to track DOGE’s price (less fees).The fund calculates its daily net asset value (NAV) using a multi-exchange Dogecoin price index. During market hours, it also publishes an intraday indicative value approximately every 15 seconds,…

Arthur Hayes argues that Bitcoin’s widely cited four-year halving cycle has broken down and that macro liquidity—not protocol mechanics—will dictate the next leg of the market. In a new essay titled “Long Live the King!” published on October 9, 2025, the BitMEX co-founder contends that policy choices in Washington and Beijing are setting up a structurally easier money regime that should keep pushing BTC higher, even as many traders look for a textbook cycle peak. “The four-year anniversary of this fourth cycle is upon us,” he writes, but those applying the old pattern “miss why it will fail this time.”…

BNB Chain meme coins have crashed by as much as 90% in the past day, erasing millions in investor capital as the Chinese meme bubble bursts. Rapid losses have left traders questioning whether these meme coins offer sustainable upside or are just speculative traps.Sponsored SponsoredBNB Meme Coins Plunge As ‘BNB Meme Szn’ CollapsesIn October, many BNB-based meme coins experienced explosive rallies. For instance, PALU pumped 1,693% after getting attention from Binance founder CZ and securing a listing on Binance Alpha. Furthermore, 币安人生 (Binance Life) coin saw its market value peak at $500 million yesterday. Another coin, ‘4,’ also gained over…