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These dizzying changes have generated billions of dollars in profits for the industry, while also bringing increased risks for investors and regulators.
![[Bitpush Weekly Web3 News Highlights] The UK and the US establish a special task force to explore cooperation on digital asset regulation; Bloomberg: Tether plans to raise $20 billion, reaching a valuation of $500 billion; Vitalik says the Fusaka upgrade will drive Ethereum scaling.](https://img.bgstatic.com/multiLang/image/social/f41f7db2f1e91a55956b2eda58f5a3211759020661027.png)
Grayscale’s spot XRP ETF awaits a decision on October 18, marking a major moment for Ripple and crypto ETF developments in the U.S.What’s Happening with Grayscale’s XRP ETF?Why This Decision MattersRipple Effect on the Crypto Market
Bitcoin needs just a 1.26% move to liquidate $3B in shorts, setting the stage for a major short squeeze.Bitcoin on the Brink of Massive Short SqueezeWhat’s Behind the $3B in Shorts?What Traders Should Expect Next
Vanguard may launch crypto ETFs, including Bitcoin, signaling a major shift in traditional finance's view on digital assets.TradFi Titan Vanguard Eyes Crypto ETF LaunchWhy Vanguard’s Move MattersWill This Push Other TradFi Giants Further Into Crypto?
- 02:48Bloomberg: Tether's new round of financing attracts investments from SoftBank and "Cathie Wood"ChainCatcher news, according to Bloomberg, SoftBank Group and Ark Investment Management, led by "Cathie Wood," will participate in the latest financing plan of stablecoin issuer Tether Holdings. Previous reports indicated that Tether is seeking to privately place about 3% of its shares, aiming to raise approximately $15 billion to $20 billion, which could increase the company's valuation to $500 billion.
- 02:45Data: Bitcoin needs to rise by 1.26% to liquidate $3 billion worth of short positionsJinse Finance reported, according to a chart released by Cointelegraph, Bitcoin needs to rise by 1.26% in order to liquidate short positions worth 3 billions USD.
- 02:45Uber early investor urges investors to buy Bitcoin directly instead of investing through Strategy stocksAccording to ChainCatcher, citing Bitcoin News, Uber early investor Jason Calacanis urged investors to buy bitcoin directly rather than investing through Strategy (MSTR) stock. He stated that Michael Saylor's investment approach carries risks and predicted that there is a 75% chance he will be proven right.
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MoreHow Cryptocurrency is Disrupting Financial Markets and Future Prospects
[Bitpush Weekly Web3 News Highlights] The UK and the US establish a special task force to explore cooperation on digital asset regulation; Bloomberg: Tether plans to raise $20 billion, reaching a valuation of $500 billion; Vitalik says the Fusaka upgrade will drive Ethereum scaling.