
Bitcoin Life Insurer Meanwhile Raises $37.5M From Its Own Backers
Bain Capital Crypto led a $37.5 million round for the Bermuda-licensed insurer. Fifteen brokers have signed on in Singapore, Hong Kong, the UAE and Switzerland.
Altcoins, ETH & general crypto

Bain Capital Crypto led a $37.5 million round for the Bermuda-licensed insurer. Fifteen brokers have signed on in Singapore, Hong Kong, the UAE and Switzerland.

The SEC issued its crypto ETF rules on Thursday. Funds may hold only bitcoin or ether, must list at home, and the regime starts on 16 October.

A single transaction emptied about $1.01 billion from a wallet holding 2016 Bitfinex hack proceeds. The accounts of where it went do not agree.

Germany's regulator turned down futurum bank AG's application to operate as a crypto-asset service provider. Trading on bitcoin.de has been halted since June.

The Japanese treasury company disclosed a round trip it says was done to prove its bitcoin can be turned into cash. It ended the quarter with 44,000 BTC.

A patch merged on 25 September stops Bitcoin Core signing SIGHASH_SINGLE inputs with no matching output. Accounts disagree on whether any release carries it.

Utexo, which raised $7.5 million in a round led by Tether, will issue USDT on Bitcoin's base layer in October. Tether cannot freeze a UTXO, so a blacklist does the work.

US spot bitcoin ETFs drew $2.65 billion of net inflows in September, against $3.52 billion in August. Ether funds took $832.43 million.

Robinhood is bringing eight perpetual futures contracts to eligible US customers, with up to 10x leverage on bitcoin and ether and 3x on the rest.

Strategy spent about $142.7 million on 1,665 bitcoin last week at an average of $85,681 a coin, and bought back $151.7 million of its STRC preferred stock.

River Financial says 81% of Bitcoin's circulating supply has not moved in at least six months, leaving roughly 3.7 million coins to do the trading. Long-term holders have added more than 3 million BTC since 2020. Dormancy alone does not prove fresh demand.

Uptober starts on Thursday, and an Instagram post counting down to it says a bull market is coming soon. Bitcoin is holding near $84,000 after a quarter up roughly 43.5%. The seasonal record is strong, and last October broke it.