bloomingbit | 24 hours of breaking Crypto news, PiCK by experts

Bloomberg Intelligence Strategist Says Bitcoin Could Fall to $10,000 if US Stocks Drop

Bitcoin could fall to around $10,000 if a sharp decline in the US stock market coincides with further weakness, according to Bloomberg Intelligence. On October 16, Bloomberg Intelligence strategist Mike McGlone warned that Bitcoin could drop to near

Peter Schiff Says U.S. Inflation Will Top 7% in 2027 and 2028

Peter Schiff said U.S. inflation will exceed 7% in both 2027 and 2028, citing wider fiscal deficits and increased money creation as the main drivers. Cointelegraph reported on October 16 that Schiff argued U.S. deficit spending and money creation wil

Bitcoin Briefly Falls Below $81,000

Bitcoin briefly fell below the $81,000 mark. As of 2:20 a.m. on October 17, Bitcoin was trading at $80,828.02 on Binance's Tether (USDT) market, down 2.15% from a day earlier.

CBOE Volatility Index Hits Highest Level in More Than Four Months at 21.41

The CBOE Volatility Index, known as Wall Street’s fear gauge, climbed to its highest level in more than four months. Walter Bloomberg reported on October 16 that the VIX rose 4.97 points from the previous session to 21.41. The VIX measures expected s

Bitcoin Steady Near $82,000 as Fed Rate-Hike Expectations Ease

Bitcoin traded little changed near $82,000, holding steady as South Korean stocks rebounded and expectations for further Federal Reserve rate hikes eased. Cointelegraph, a digital-asset news outlet, reported on October 16 that Bitcoin was trading nea

Unique Wealth Discloses $10.4 Million in Bitcoin-Related Holdings

US asset manager Unique Wealth disclosed $10.4 million in Bitcoin-related holdings. According to the firm's 13F-HR filing submitted to the US Securities and Exchange Commission on October 16, the valuation of its Bitcoin-related holdings was listed a

Michael Dell Says Just-in-Time Production Can Cushion an AI Slowdown

Michael Dell, chief executive officer of Dell Technologies Inc., said just-in-time production could help cushion the impact on the business even if the artificial intelligence boom loses momentum. He added that memory shortages are set to worsen. Wal

Barclays Says Tesla, SpaceX Could Announce Merger Plan Before December

Tesla and SpaceX, both led by Elon Musk, could announce a merger plan before December, according to a Barclays outlook. Bitcoin Magazine reported on October 16 that Barclays sees Tesla and SpaceX announcing a merger plan before the end of the year. I

U.S. Stocks Turn Mixed; Nasdaq Falls 1.04%

The three major U.S. stock indexes were mixed on October 17. The Nasdaq Composite fell 1.04% to 26,436.01. The Dow Jones Industrial Average rose 0.42% to 52,396.64, while the S&P 500 slipped 0.25% to 7,724.98.

Ledger Received Tampering Reports Months Before Security Incident, Critics Say Response Fell Short

French hardware wallet maker Ledger is facing claims that it failed to take adequate action despite receiving reports of device tampering months before a recent security incident. Cointelegraph reported on October 16 that former Mt. Gox Chief Executi

Foreigners Dumped $8.3 Billion in Korean Stocks, but Samsung and SK Hynix Outlook Surprises Despite China Fears

Yuanta Securities: A strategy combining semiconductor stocks with chip materials, parts and equipment remains valid With few buyers left to absorb foreign selling, caution is warranted against panic dumping in Samsung and SK Hynix A sharp selloff in

Chainlink, Japan’s Pacific Meta Partner to Build Tokenized Finance Infrastructure for Institutions

Chainlink is partnering with Japanese blockchain and artificial intelligence company Pacific Meta to build asset-tokenization infrastructure for Japan’s financial market. Pacific Meta said on October 16 on its official website that it had entered int

Charles Schwab CEO Says Crypto Trading Can Become New Revenue Stream

Charles Schwab plans to expand its cryptocurrency trading service to all eligible customers and build it into a new source of revenue. Bitcoin.com reported on October 16 that Chief Executive Officer Rick Wurster said at a company briefing the previou

Circle Says First-Half Revenue Hit $1.4 Billion, With More Than $800 Million Paid to Partners

Circle, the issuer of USDC, said it generated about $1.4 billion in revenue in the first half of this year, with more than $800 million paid to distribution partners and transaction costs. On Oct. 16, Kash Razzaghi, Circle's chief business officer, w

Nvidia Launches AI PC ‘RTX Spark’ in South Korea, Vows to Accelerate Agent AI Era

At an Nvidia launch event for its RTX Spark laptop at Seoul’s COEX on October 16, a user entered the prompt: “Clip only the parts of the video where Nvidia CEO Jensen Huang appears.” A connected monitor then generated a short edited video almost inst

Analysis: Bitcoin May Be Forming a Floor Near $80,000 as Stop-Loss Selloffs Repeatedly Precede Rebounds

Bitcoin may have formed a floor near $80,000. On-chain analytics firm Glassnode wrote on X on Oct. 16 that Bitcoin investors once again sold at a loss the previous day. It added that sharp increases in stop-loss selling in early August, mid-August an

Strategy Seeks Daily Dividends for STRC Preferred Stock Starting in November

Strategy, the world’s largest corporate holder of Bitcoin, is seeking to keep the annual dividend rate on its preferred stock Stretch (STRC) at 12% and shift to daily dividend payments. According to an 8-K filed with the US Securities and Exchange Co

Ki Young Ju Says MSCI Concerns Are Already Priced Into Strategy, as Wall Street Price Targets Rise

CryptoQuant Chief Executive Officer Ki Young Ju said concerns over Morgan Stanley Capital International-related factors affecting Strategy Inc. have already been reflected in the stock price, while Wall Street analysts remain bullish on the company.

Deutsche Bank to Launch Crypto Custody Service Within Weeks, Eyes Asia Expansion in 2027

Deutsche Bank, Germany’s largest bank, plans to launch a cryptocurrency custody service within weeks and expand the business into major Asian financial markets in 2027. Wu Blockchain reported on October 16 that Gerald Podobnik, co-head of corporate b