
Standard Chartered Opens Spot BTC and ETH Trading to UAE Institutions
The bank's DIFC branch began quoting spot bitcoin and ether to institutional clients on Thursday, through the same channels they use for foreign exchange.
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The bank's DIFC branch began quoting spot bitcoin and ether to institutional clients on Thursday, through the same channels they use for foreign exchange.

Grayscale puts bitcoin's 90-day correlation with gold above 50%, against a reading close to zero in January. Its link to the Nasdaq 100 has loosened.

Four accounts of the decline agree on the direction and disagree on the peak, the depth and the length. The capital is moving to AI data centres.

Wallets identified in 2024 sold more than $30 million of bitcoin on the venue over three weeks, converted the proceeds and moved them to three exchanges.

Two CME FedWatch readings for a September rate increase came in at 57.5% and 58% on Monday. Bitcoin held just under $78,000 as August's last session ran.

US spot bitcoin funds shed about $202 million on Friday, ending nine sessions of inflows worth $3.04 billion. Ether, XRP and Solana funds kept buying.

AI cloud brought IREN $70.5 million in the June quarter against $66.7 million from bitcoin mining, the first time the split has gone that way. The quarter cost $684 million.

Ethena is putting USDe's backing into equity perpetual trades that paid 14% to 17.5% over the summer, while bitcoin funding kept falling. A fee-switch vote runs alongside.

Galaxy Research tracked 553.59 BTC, about $40 million, leaving six wallets dormant since 2011 to 2014. Five went to addresses with no exchange label.

A transaction secured by a hash instead of an elliptic-curve key was mined in block 964,199. StarkWare says the method does not make Bitcoin quantum-safe.

Bitcoin traded just under $79,000 on Thursday, off an intraday high above $81,000. The week's gain is reported as 14%, 23% and nearly 25%.

US spot bitcoin funds took in $314.37 million on Tuesday, a seventh straight day of net inflows. BlackRock's IBIT accounted for about 90% of it.