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In brief U.S. spot Bitcoin ETFs recorded $1.19 billion in net inflows on October 6, the highest single-day total since July 10. BlackRock’s IBIT dominated with $970 million, becoming the asset manager’s most profitable ETF in barely 2 years since launch. Analysts say the surge points to institutional hedging during the U.S. government shutdown, but retail sentiment remains muted, and technical indicators suggest caution. U.S. spot Bitcoin exchange-traded funds, or ETFs, recorded their strongest day of inflows in nearly three months on Monday, pulling in $1.19 billion amid renewed institutional confidence as Bitcoin consolidates near record highs.BlackRock’s iShares Bitcoin Trust…

S&P Global has entered the crypto arena with the launch of the S&P Digital Markets 50 Index, a first-of-its-kind benchmark tracking both digital assets and publicly traded crypto-related companies. Developed with Dinari, a U.S. platform specializing in tokenized public securities, the index includes 35 equities and 15 cryptocurrencies drawn from S&P’s digital asset suite. In other words, the index will combine 15 major cryptocurrencies with 35 crypto-related stocks. Eligible companies include those involved in crypto operations, blockchain technology, and other related sectors, according to S&P. Dinari will issue a tokenized version through its dShares platform by year’s end, allowing investors…

Bank of New York Mellon (BK), the world’s largest custodial bank with $55.8 trillion in assets under custody, is testing tokenized deposits in a bid to modernize its global payment infrastructure and keep pace with a growing shift toward blockchain-based finance.The effort, still in the exploratory phase, aims to let clients make payments using tokenized versions of their deposits, Bloomberg reports.These tokenized deposits would move over a blockchain, enabling near-instant settlement and potentially reducing transaction costs.BNY currently handles about $2.5 trillion in payments each day.BNY’s Carl Slabicki told Bloomberg the technology could help banks “overcome legacy constraints,” allowing them to…

The Bank of England (BOE) appears to be softening its stance on proposed limits to corporate stablecoin holdings, with plans to introduce exemptions for certain firms that may need to maintain larger reserves of fiat-pegged assets, according to a Bloomberg report published Tuesday.Citing people familiar with the discussions, Bloomberg reported that the BOE’s reconsideration comes amid intense industry backlash and growing international competition, particularly from the United States, which is moving toward clearer regulation through the GENIUS Act, which was signed into law in July.The BOE had initially proposed caps on stablecoin holdings — 20,000 pounds (about $27,000) for individuals…

BNY Mellon confirmed it is exploring tokenized deposits to let clients move money on blockchain rails. The initiative is part of its plan to modernize a $2.5 trillion-a-day payments network.The pilot aims to show how regulated deposits can settle in seconds instead of days, without leaving the banking system’s protection.BNY Explores Tokenized Deposits Amid Evolving Policy FrameworksEarlier this year, the bank launched its Digital Asset Data Insights platform. It broadcasts fund-accounting data to Ethereum through smart contracts to improve transparency and accuracy.Sponsored SponsoredSource: European Banking AuthorityIn July, it introduced a tokenized money-market-fund system that records mirrored shares on GS DAP®.…

In brief Ethereum came within $200 of its all-time high Thursday, and could reach $5,000 driven by strong institutional demand and over $1.3 billion in ETF inflows last week. Analysts cite robust on-chain metrics, whale accumulation, and supportive macroeconomic conditions as key factors supporting the rally. The upcoming Fusaka upgrade expected in November promises major scaling improvements that could fuel further growth. Ethereum has been closing in on its recent all-time high mark and could keep climbing past it to a fresh record of $5,000 or more, if institution demand and progress towards its Fusaka upgrade continues to be encouraging,…

Breez, in partnership with Lightspark, Tether, and other Bitcoin industry leaders, has launched Time2Build, a global developer challenge and international hackathon to embed Bitcoin payments into open-source software. The initiative offers a $25,000 prize pool in Bitcoin and residencies at Draper University and PlebLab, and is backed by Plan B Network, and Fulgur Ventures, Geyser Fund, according to a press release shared with Bitcoin Magazine.  This ambitious hackathon looks to create sustainable adoption of peer-to-peer money in applications used by millions. Lead by Breez, Time2Build requires developers to integrate the Breez SDK — a free, open-source toolkit for self-custodial Lightning…

This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.There’s very little reason to doubt bitcoin’s BTC$121,423.43 upward trajectory right now. Although the rally has paused over the last 24 hours, the steep, near-90-degree uptrend line from lows just under $ 110,000 is still holding strong. In fact, prices tested that trendline early today and bounced right back, as shown in the hourly candlestick chart below.Analysts suggest that those who missed the initial rally can consider using call spreads to capture further gains in a more risk-efficient way.What next?A clean breakout above the expanding triangle’s upper…

Oracle’s stock price tanked after a new report on its profit margins, and there are serious possible implications for AI. Crypto’s market cap also declined afterward, but it’s hard to predict the full fallout. LLM developers and various AI infrastructure interests are currently engaged in a huge wave of circular financing, but one collapse could cause more problems. The AI bubble may be in danger of popping soon.Sponsored SponsoredOracle Stock and AI FortunesRecently, Oracle Corp, an American database and AI cloud infrastructure firm, was enjoying a moment in the sun, with strong quarterly earnings and impressive stock performance. However, the…

KindlyMD (NAKA) announced a partnership with Antalpha to create a $250 million secured convertible debt facility. Through its subsidiary Nakomoto Holdings, KindlyMD will leverage Antalpha’s expertise in digital asset financing to create new treasury tool for bitcoin focused-companies, according to the announcement. The non-binding agreement outlines a five-year convertible note issuance to Antalpha, with proceeds aimed at refinancing a previous $203 million bitcoin-secured credit line from Two Prime Lending and to increase bitcoin holdings.Pending financilization,Antalpha will also extend an interim bitcoin-backed loan to KindlyMD. KindlyMD holds 5,765 BTC, and its shares are trading just above $1, representing a roughly 95%…