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Rise is an all-in-one compliance and payments solution that provides automated routing between fiat and cryptocurrencies. It helps businesses onboard, manage, and pay local and international contractors while ensuring full compliance and easing burdensome tax processes.
Bank of Korea Warns: Mounting Vulnerabilities in the AI Sector from Heavy Reliance on External Financing and Intensifying Circular Finance as Long-Term Interest Rates Rise
According to Yonhap News Agency, Section Chief Kim Yun-kyung and Investigator Wang Jae-kun of the Bank of Korea’s Investigation Bureau noted in their October 27 report, "Major Characteristics and Risk Assessment of Funding in the AI Industry," that intensifying fundraising competition in the AI sector recently has heightened dependence on external funding and expanded circular finance, fueling growing warnings about financial risks triggered by AI. The report notes that this year, hyperscale data center operators have substantially broadened external financing primarily through long-term corporate bonds, while AI-focused cloud companies have increasingly turned to GPU-backed credit and convertible bonds. AI firms are also actively leveraging off-balance-sheet financing instruments such as special purpose vehicles, joint ventures, and leasing. Meanwhile, the volume of circular transactions between hyperscale firms and AI chipmakers for future sales, facilitated by supply chain investments, continues to grow. The report assesses that while the financial health of major leading enterprises remains solid and the likelihood of AI-related financial risks materializing is currently low, vulnerabilities are steadily building amid rising long-term interest rates. Primary risk factors include delays in AI monetization and the propagation of shocks stemming from circular finance. Particular attention should be directed toward the potential risks posed by AI cloud companies that exhibit inadequate financial buffers and low information transparency. The report emphasizes that as South Korea stands to benefit the most from the AI boom, its deep integration into global supply chains could amplify the transmission intensity of real-economy and financial shocks triggered by AI compared to previous cycles. It is essential to continuously monitor the accumulation of potential vulnerabilities and the likelihood of risks materializing.
Arthur Hayes: OpenAI and Anthropic Have No Value—The Bigger the AI Bubble, the Higher Bitcoin Will Rise
Odaily reports: BitMEX co-founder Arthur Hayes said on the Convergence program on October 16 that OpenAI, Anthropic, and SpaceX are all unprofitable, and that AI model companies rely on debt financing, equity financing, and implicit support from the U.S. government.The Nasdaq 100 index fell 2.5%, and chip stocks declined for an eighth consecutive day, marking the longest losing streak since 2008. On October 17, Bitcoin's price was close to $81,400. A Bank of America analyst said the $1 trillion AI investment boom may follow a typical boom-and-bust cycle.Hayes believes that the bigger the AI bubble, the larger the subsequent bailout will be, and the higher Bitcoin's price will go. He also said Bitcoin can reflect wasted capital. He also criticized token issuance methods, saying that retail investors who bought at TGE and then suffered a 95% drop were the ones who got hurt. (Bitcoin.com News)
Analysts Predict 10-Year US Treasury Yields Will Rise to 6%, Bitcoin May Not Face Downward Pressure
According to CoinDesk, the 10-year U.S. Treasury yield has continued to climb, with some analysts forecasting it will reach 6% (it last hit this level in 2000). Markus Thielen, founder of 10x Research, emphasized that the drivers behind the yield increase are critical: if the rise stems from concerns over fiscal deficits and term premiums, investors may shift to alternative assets such as Bitcoin, constituting a bullish development; if it stems from the Federal Reserve resuming its rate-hiking cycle, it would repeat the 2022 scenario of Bitcoin plummeting 64%. Data shows that since the end of 2023, the 10-year yield has risen by 135 basis points to 5.23%, while Bitcoin’s price simultaneously doubled to around $86,000, validating the "decoupling" narrative between Bitcoin and Treasuries amid fiscal concerns. Dan Niles, founder of Niles Investment Management, also noted that the U.S. fiscal deficit accounts for approximately 6% of GDP. Coupled with tech giants undertaking large-scale fundraising that competes with Treasuries for the same pool of capital, yields will continue to be pushed higher.
Goldman Sachs: AI Capital Expenditure to Rise 54% in 2027, Hyperscaler Valuations at Ten-Year Lows
According to Chaoxiang Research, a Goldman Sachs research report dated September 24, 2026, states that major U.S. hyperscalers will allocate capital expenditures of $800 billion in 2026, $1.2 trillion in 2027, and $1.4 trillion in 2028. The growth rate is projected to decelerate from nearly 100% in 2026 to 54% in 2027 and 12% in 2028. Goldman Sachs estimates that hyperscalers will need to generate approximately $300 billion in annual AI revenue over the next few years to achieve break-even, meaning AI users must spend around $1 trillion annually on AI applications. Valuations in the semiconductor sector remain conservative, with memory stocks trading at a two-year forward P/E of 4 times against a historical average of 8 times; fabless chip stocks at 13 times, compared to a historical average of 18 times.
Arthur Hayes: Rate Hikes or Increased Money Supply, Financial Assets Will Continue to Rise
Odaily reports: Arthur Hayes posted on the X platform that raising interest rates when government debt levels are high has a stimulative effect: bank reserve earnings increase, and the returns for holders of short-term Treasury bonds also increase, which overall will drive more consumption, especially consumption of financial assets.He stated that although the Federal Reserve stopped RMP purchases in mid-August, when accounting for bank balance sheet expansion, the combined assets of the Federal Reserve and banks are still growing and creating money. As the quantity of money increases, even if its price rises, financial assets will continue to appreciate.
Standard Chartered: RWA Tokenization Could Reach $4 Trillion, LINK May Rise to $200 by End of 2030
Odaily News: Standard Chartered Bank's Head of Global Digital Assets Research, Geoff Kendrick, stated that as the tokenization of Real World Assets (RWA) accelerates, the price of Chainlink (LINK) tokens could rise to $200 by the end of 2030, representing an increase of over 25 times from its current level of approximately $8.In his latest report, Kendrick predicts that the scale of tokenized RWA will reach $4 trillion by the end of 2028. As more traditional assets are brought on-chain, the demand for secure and reliable off-chain data is expected to increase significantly, which could further boost Chainlink's fee revenue and drive up LINK's valuation.The report also projects that by the end of 2030, the scale of tokenized assets and crypto-native assets deployed in decentralized finance (DeFi) will grow approximately 37-fold to reach $2.7 trillion. Kendrick believes these assets require trusted data, cross-network interoperability, privacy-preserving compliance mechanisms, and integration with the existing financial system—infrastructure that Chainlink currently has the capability to provide.Demand for RWA tokenization has continued to grow recently. Data shows that trading volume of tokenized RWAs on decentralized exchanges (DEXs) hit an all-time high of $14.1 billion in July, up 19.5% month-over-month, driven primarily by public market assets such as tokenized stocks.Currently, Chainlink remains one of the largest decentralized oracle service providers in the crypto industry, with a Total Value Secured (TVS) of approximately $34.4 billion—significantly higher than second-ranked Chronicle's $7.36 billion.However, Kendrick also noted that the prediction of LINK reaching $200 still faces risks, including institutional tokenization projects progressing slower than expected, intensified competition from specialized oracle service providers, and potential technical issues. (Cointelegraph)
Bank of Korea Warns: Mounting Vulnerabilities in the AI Sector from Heavy Reliance on External Financing and Intensifying Circular Finance as Long-Term Interest Rates Rise
According to Yonhap News Agency, Section Chief Kim Yun-kyung and Investigator Wang Jae-kun of the Bank of Korea’s Investigation Bureau noted in their October 27 report, "Major Characteristics and Risk Assessment of Funding in the AI Industry," that intensifying fundraising competition in the AI sector recently has heightened dependence on external funding and expanded circular finance, fueling growing warnings about financial risks triggered by AI. The report notes that this year, hyperscale data center operators have substantially broadened external financing primarily through long-term corporate bonds, while AI-focused cloud companies have increasingly turned to GPU-backed credit and convertible bonds. AI firms are also actively leveraging off-balance-sheet financing instruments such as special purpose vehicles, joint ventures, and leasing. Meanwhile, the volume of circular transactions between hyperscale firms and AI chipmakers for future sales, facilitated by supply chain investments, continues to grow. The report assesses that while the financial health of major leading enterprises remains solid and the likelihood of AI-related financial risks materializing is currently low, vulnerabilities are steadily building amid rising long-term interest rates. Primary risk factors include delays in AI monetization and the propagation of shocks stemming from circular finance. Particular attention should be directed toward the potential risks posed by AI cloud companies that exhibit inadequate financial buffers and low information transparency. The report emphasizes that as South Korea stands to benefit the most from the AI boom, its deep integration into global supply chains could amplify the transmission intensity of real-economy and financial shocks triggered by AI compared to previous cycles. It is essential to continuously monitor the accumulation of potential vulnerabilities and the likelihood of risks materializing.
ESMA Adds BingX and YouHodler to MiCA Register, Registered Providers Rise to 375
Odaily reports: The European Securities and Markets Authority (ESMA) has updated the EU's Markets in Crypto-Assets Regulation (MiCA) register, adding 9 new crypto-asset service providers (CASPs), including BingX's Austrian entity MEGE zweite, bringing the number of independently registered CASPs to 375.The register also includes the Italian subsidiary of crypto lending platform YouHodler, which has been authorized to provide custody, crypto-asset trading, order execution, and transfer services. Openbank Deutschland, the German subsidiary of Banco Santander's Openbank, is also on the newly added list.Spain's Prakma Markets and Germany's VR-Bank Alb-Blau-Donau and VR Bank im südlichen Franken have likewise been added to the register. Denmark's Penning Financial Services no longer appears on the latest list.The electronic money token (EMT) register still contains 50 records involving 25 independent entities; the asset-referenced token (ART) register remains empty. The non-compliant crypto-asset service provider (NCASP) register increased by 5 entries to 178. (Cointelegraph)
Futures Highlights: Coke Prices Drop, Iron Ore Inventories Rise, Agricultural Data Updated
This issue's futures highlights cover a slight rise in shipping indices, the implementation of coke price cuts, and rising iron ore inventories. It also covers downward revisions to China's soybean production, detailed regulations on sugar import quotas, and Malaysia's edible oil subsidy policy.
CertiK Report: From Assistive Tools to "AI Employees," Agentic AI Reshapes Security and Compliance Work
Odaily News — Web3 security firm CertiK today officially released its Intel3D report, "The Rise of AI Employees: How Agentic AI Is Reshaping Cybersecurity, Anti-Money Laundering, and Compliance." The report notes that AI is transitioning from an assistive tool that helps analysts identify issues to a member of the working team capable of conducting investigations, making judgments, and executing remediation tasks within defined permissions. This shift is reshaping security and compliance processes across traditional finance and Web3, and is also raising new requirements for how enterprises supervise AI, define permission boundaries, and allocate responsibility.The report also cautions that model misjudgments, prompt injection, and adversaries' exploitation of AI may introduce new risks. As AI begins to hold and trade digital assets, its own behavior must also be subject to audit. CertiK recommends that enterprises establish governance mechanisms covering permission boundaries, human approval, decision records, and division of responsibilities, and conduct regular red-team testing; these mechanisms must be improved in tandem with AI's execution capabilities to support "AI employees" in continuously creating value for security and compliance work under supervision and accountability.
Analysts Expect 10-Year U.S. Treasury Yield Could Rise to 6%, Bitcoin's Performance Depends on the Reason for the Upside
Odaily News: Some analysts expect that the 10-year U.S. Treasury yield could rise to 6%, driven by concerns over the federal fiscal deficit, debt growth, and capital competition. Since the end of 2023, the yield has risen to 5.23%, while Bitcoin's price has roughly doubled to $86,000.If yields rise due to fiscal concerns, investors may seek alternatives to government debt, and Bitcoin could benefit; if the rise in yields is driven by the Federal Reserve tightening monetary policy again, Bitcoin could come under pressure. (CoinDesk)
Bernstein: Crypto CLARITY Act Passage Odds Rise Above 30%, Shorts Under Pressure
According to Chaoxiang research, Bernstein's September 14, 2026 report indicates that the Kalshi prediction market has rebounded to a greater than 30% probability for the passage of the CLARITY Act. The CLARITY Act, officially the Digital Asset Market Clarity Act, centers on establishing a federal regulatory framework for the U.S. cryptocurrency market, delineating regulatory boundaries between the SEC and CFTC, and clarifying exchange compliance requirements and stablecoin yield rules. The latest Senate Republican draft has made substantive concessions on Trump-related ethics provisions and incorporates a "new circuit breaker" clause to address concerns over deposit outflows from community banks. A procedural vote is scheduled for Tuesday, with the Federal Reserve set to announce its interest rate decision on Wednesday.
Wallet Associated with Compound Co-Founder Adds 40,000 COMP, Total Holdings Rise to Approximately $1.2 Million
Odaily reports: According to Arkham monitoring, a wallet associated with Compound co-founder Robert Leshner added 40,000 COMP tokens approximately 1 hour ago through Genesis Trading and another unknown address, valued at nearly $900,000. As of now, the wallet holds approximately 55,000 COMP, with total holdings rising to nearly $1.2 million.Robert Leshner transferred 15,000 COMP to this wallet two years ago. Over the past two years, despite COMP's price dropping by more than 50% at one point, the wallet has not sold any tokens.
Fidelity Analyst Says Bitcoin Could Rise from $100K to $200K Much Faster
Bitcoin News posted on X platform that Zack Wainwright, a research analyst at Fidelity Digital Assets, stated that as of October 12, Bitcoin had risen nearly 50% from its bear market low of around $58,000 in June, with a trajectory similar to its 2022 recovery path. He cautioned that Bitcoin's returns have been narrowing each cycle, and past performance does not guarantee future results, but significant upside in dollar terms remains possible; Bitcoin took nearly 16 years to break through $100,000 for the first time, and the move from $100,000 to $200,000 could happen much faster.
Arthur Hayes: OpenAI and Anthropic Have No Value—The Bigger the AI Bubble, the Higher Bitcoin Will Rise
Odaily reports: BitMEX co-founder Arthur Hayes said on the Convergence program on October 16 that OpenAI, Anthropic, and SpaceX are all unprofitable, and that AI model companies rely on debt financing, equity financing, and implicit support from the U.S. government.The Nasdaq 100 index fell 2.5%, and chip stocks declined for an eighth consecutive day, marking the longest losing streak since 2008. On October 17, Bitcoin's price was close to $81,400. A Bank of America analyst said the $1 trillion AI investment boom may follow a typical boom-and-bust cycle.Hayes believes that the bigger the AI bubble, the larger the subsequent bailout will be, and the higher Bitcoin's price will go. He also said Bitcoin can reflect wasted capital. He also criticized token issuance methods, saying that retail investors who bought at TGE and then suffered a 95% drop were the ones who got hurt. (Bitcoin.com News)
Trader Killa: BTC May Rise Before US Midterm Elections
Odaily reports: Crypto trader Killa posted that the most ideal path for Bitcoin (BTC) would be to continue rising before the US midterm elections, building a bullish narrative and breaking previous highs, then experiencing a pullback after the elections as has occurred in historical cycles — but this time the pullback may not form a new cycle low, instead establishing a higher low.Killa stated that if BTC declines before the midterm elections, he believes the market is more likely to rebound to around $95,000 after the elections. The market has already seen nearly $2 billion in long positions liquidated, and there are only about 3 weeks remaining until the US midterm elections. The market may currently be experiencing a "maximum pain" scenario: after some market narratives have already been broken, BTC rebounds before the elections, then reverses course to pressure traders on the other side, ultimately leading the market to re-deleverage risk.Killa pointed out that in the past 4 US midterm elections, 3 saw declines within 1-2 months after the elections, with historical samples showing a probability of approximately 75%. However, he said he still holds a 10x BTC long position, as well as long positions previously established at $62,600 and $76,400, none of which have been reduced.
Binance Bitcoin Weekly Net Outflow Hits Highest Level in Over Three Years, Whale Stablecoin Inflows Rise 40%
According to Cointelegraph, CryptoQuant data shows that during the week ending September 27, Binance's Bitcoin net outflow reached 23,137 BTC, marking the highest level since June 2023. Since September 20, Binance's Bitcoin reserves have cumulatively decreased by nearly 40,000 BTC.
Analysts Expect 10-Year U.S. Treasury Yield Could Rise to 6%, Bitcoin's Performance Depends on the Reason for the Upside
Odaily News: Some analysts expect that the 10-year U.S. Treasury yield could rise to 6%, driven by concerns over the federal fiscal deficit, debt growth, and capital competition. Since the end of 2023, the yield has risen to 5.23%, while Bitcoin's price has roughly doubled to $86,000.If yields rise due to fiscal concerns, investors may seek alternatives to government debt, and Bitcoin could benefit; if the rise in yields is driven by the Federal Reserve tightening monetary policy again, Bitcoin could come under pressure. (CoinDesk)
Bitwise: Bitcoin Could Rise to $1.6 Million by 2036 Under Base Case Scenario
Odaily News: Bitwise has released its "2027 Bitcoin Long-Term Capital Market Assumptions" report, forecasting Bitcoin's returns, volatility, and correlation with equities over the next 10 years. Bitwise stated that under its base case scenario, Bitcoin is expected to rise to $1.6 million by 2036.
ESMA Adds BingX and YouHodler to MiCA Register, Registered Providers Rise to 375
Odaily reports: The European Securities and Markets Authority (ESMA) has updated the EU's Markets in Crypto-Assets Regulation (MiCA) register, adding 9 new crypto-asset service providers (CASPs), including BingX's Austrian entity MEGE zweite, bringing the number of independently registered CASPs to 375.The register also includes the Italian subsidiary of crypto lending platform YouHodler, which has been authorized to provide custody, crypto-asset trading, order execution, and transfer services. Openbank Deutschland, the German subsidiary of Banco Santander's Openbank, is also on the newly added list.Spain's Prakma Markets and Germany's VR-Bank Alb-Blau-Donau and VR Bank im südlichen Franken have likewise been added to the register. Denmark's Penning Financial Services no longer appears on the latest list.The electronic money token (EMT) register still contains 50 records involving 25 independent entities; the asset-referenced token (ART) register remains empty. The non-compliant crypto-asset service provider (NCASP) register increased by 5 entries to 178. (Cointelegraph)
Arthur Hayes: OpenAI and Anthropic Have No Value—The Bigger the AI Bubble, the Higher Bitcoin Will Rise
Odaily reports: BitMEX co-founder Arthur Hayes said on the Convergence program on October 16 that OpenAI, Anthropic, and SpaceX are all unprofitable, and that AI model companies rely on debt financing, equity financing, and implicit support from the U.S. government.The Nasdaq 100 index fell 2.5%, and chip stocks declined for an eighth consecutive day, marking the longest losing streak since 2008. On October 17, Bitcoin's price was close to $81,400. A Bank of America analyst said the $1 trillion AI investment boom may follow a typical boom-and-bust cycle.Hayes believes that the bigger the AI bubble, the larger the subsequent bailout will be, and the higher Bitcoin's price will go. He also said Bitcoin can reflect wasted capital. He also criticized token issuance methods, saying that retail investors who bought at TGE and then suffered a 95% drop were the ones who got hurt. (Bitcoin.com News)
Metis Launches Rise Monthly Developer Incentive Program to Reward Teams Deploying AI Agents on Andromeda Mainnet
Odaily News: On October 8, Metis announced the launch of the Metis Rise monthly developer incentive program, rewarding teams that deploy new AI Agents on the Metis Andromeda mainnet, acquire real users, and generate real on-chain economic activity.Metis stated that while many teams can currently build Agents capable of answering questions, Agents that can get paid, prove their identity, and earn sustained transaction trust remain scarce. Metis Rise aims to support developers in exploring this direction, help developers innovate, and drive the growth of AI Agent applications within the Metis ecosystem.Metis also stated that it is building an execution and data layer for AI Agents, and that Andromeda's decentralized sequencer (DSeq) can eliminate the single point of failure that trustless transactions between Agents depend on.The program focuses on the "economic usability" of AI Agents, covering four categories of needs: payments (x402), identity (ERC-8004), stablecoin escrow (Escrow), and independently verifiable on-chain signature receipts.In terms of participation thresholds, developers need to meet the following conditions each month:- At least 15 valid monthly active users;- Each counted user must complete at least 3 qualifying transactions on Metis Andromeda, or settle an amount of no less than $2 (m.USDC, m.USDT, or METIS);- Primary user transactions, settlement volume, and Gas consumption must occur on the Metis Andromeda mainnet.The program is open to all developers, but is limited to projects newly deployed on the Andromeda mainnet. It supports any AI Agent framework and hosting method, including ClawUp, GOAT AgentKit, or self-built backends, and supports a dual-chain architecture based on GOAT Network. Metis Rise is hosted by Metis, with ClawUp, GOAT Network, and LazAI as ecosystem partners.
Futures Highlights: Coke Prices Drop, Iron Ore Inventories Rise, Agricultural Data Updated
This issue's futures highlights cover a slight rise in shipping indices, the implementation of coke price cuts, and rising iron ore inventories. It also covers downward revisions to China's soybean production, detailed regulations on sugar import quotas, and Malaysia's edible oil subsidy policy.
Ethereum Completes Fix Ahead of Glamsterdam Upgrade Testing, Sepolia Testnet Gas Limit to Rise to 200 Million
Odaily News: The Ethereum development team has completed an emergency software update ahead of the Glamsterdam upgrade testing on the Sepolia testnet, fixing an issue that could cause some validators to produce low-capacity blocks. This test will raise the Sepolia network's Gas limit from approximately 60 million to 200 million, validating Ethereum's future efforts to enhance network processing capacity.Glamsterdam is Ethereum's next major upgrade, and Sepolia, as a testnet, will be the first to deploy the related improvements to simulate the upgrade's effects. Gas is the unit that measures the computational capacity a block can handle on Ethereum. Raising the Gas limit means a single block can accommodate more transactions and more complex on-chain operations, but it also increases the computational burden on node operators.Ethereum validator client Prysm released version 7.2.1 on Monday evening, adding the 200 million Gas limit configuration. The previous version was released before the relevant Sepolia parameter adjustments, so if validators did not manually modify their settings, they would still operate under the 60 million Gas limit. This update ensures that validating nodes can participate in the Glamsterdam test as expected. (CoinDesk)
Related news
Bitwise: Bitcoin Could Rise to $1.6 Million by 2036 Under Base Case Scenario
Odaily News: Bitwise has released its "2027 Bitcoin Long-Term Capital Market Assumptions" report, forecasting Bitcoin's returns, volatility, and correlation with equities over the next 10 years. Bitwise stated that under its base case scenario, Bitcoin is expected to rise to $1.6 million by 2036.
Wallet Associated with Compound Co-Founder Adds 40,000 COMP, Total Holdings Rise to Approximately $1.2 Million
Odaily reports: According to Arkham monitoring, a wallet associated with Compound co-founder Robert Leshner added 40,000 COMP tokens approximately 1 hour ago through Genesis Trading and another unknown address, valued at nearly $900,000. As of now, the wallet holds approximately 55,000 COMP, with total holdings rising to nearly $1.2 million.Robert Leshner transferred 15,000 COMP to this wallet two years ago. Over the past two years, despite COMP's price dropping by more than 50% at one point, the wallet has not sold any tokens.
Bank of Korea Warns: Mounting Vulnerabilities in the AI Sector from Heavy Reliance on External Financing and Intensifying Circular Finance as Long-Term Interest Rates Rise
According to Yonhap News Agency, Section Chief Kim Yun-kyung and Investigator Wang Jae-kun of the Bank of Korea’s Investigation Bureau noted in their October 27 report, "Major Characteristics and Risk Assessment of Funding in the AI Industry," that intensifying fundraising competition in the AI sector recently has heightened dependence on external funding and expanded circular finance, fueling growing warnings about financial risks triggered by AI. The report notes that this year, hyperscale data center operators have substantially broadened external financing primarily through long-term corporate bonds, while AI-focused cloud companies have increasingly turned to GPU-backed credit and convertible bonds. AI firms are also actively leveraging off-balance-sheet financing instruments such as special purpose vehicles, joint ventures, and leasing. Meanwhile, the volume of circular transactions between hyperscale firms and AI chipmakers for future sales, facilitated by supply chain investments, continues to grow. The report assesses that while the financial health of major leading enterprises remains solid and the likelihood of AI-related financial risks materializing is currently low, vulnerabilities are steadily building amid rising long-term interest rates. Primary risk factors include delays in AI monetization and the propagation of shocks stemming from circular finance. Particular attention should be directed toward the potential risks posed by AI cloud companies that exhibit inadequate financial buffers and low information transparency. The report emphasizes that as South Korea stands to benefit the most from the AI boom, its deep integration into global supply chains could amplify the transmission intensity of real-economy and financial shocks triggered by AI compared to previous cycles. It is essential to continuously monitor the accumulation of potential vulnerabilities and the likelihood of risks materializing.
US Stocks Close: Three Major Indices Rise, SK Hynix Up 4%
US stocks closed higher on Monday across all three major indices, with Tesla up 5%, SK Hynix up 4%, and Nvidia up 2%.
Fidelity Analyst Says Bitcoin Could Rise from $100K to $200K Much Faster
Bitcoin News posted on X platform that Zack Wainwright, a research analyst at Fidelity Digital Assets, stated that as of October 12, Bitcoin had risen nearly 50% from its bear market low of around $58,000 in June, with a trajectory similar to its 2022 recovery path. He cautioned that Bitcoin's returns have been narrowing each cycle, and past performance does not guarantee future results, but significant upside in dollar terms remains possible; Bitcoin took nearly 16 years to break through $100,000 for the first time, and the move from $100,000 to $200,000 could happen much faster.
Strategy Expands Buyback Authorization to $3 Billion, Bitcoin Holdings Rise to 848,517 BTC with 267 BTC Purchased
Bitcoin News posted on X stating that Strategy has expanded its digital credit securities repurchase program from $2 billion to $3 billion, with approximately 92% of the previous $2 billion authorization already utilized. Last week, Strategy repurchased an additional $193.1 million worth of STRC, leaving $160 million in remaining buyback capacity before the program expansion.Strategy also purchased 267 BTC for $22.1 million, bringing its total Bitcoin holdings to 848,517 BTC.