Finance and Business News page 10

Long positions bore the brunt of losses as leveraged bets unwound across derivatives markets. Bitcoin fell below the $81,000 mark, a move that forced open leveraged positions to close automatically across major derivatives exchanges. The decline rattled traders who had bet on continued upward momentum.

Coinfomania and one TronWeekly article put Strive's cumulative Bitcoin holdings at 11,417 BTC after a 3,311 BTC purchase, while CoinTurk News EN and a second TronWeekly article say the same purchase brought holdings to 32,773 BTC, rising to 35,595 BTC after a further 2,822 BTC buy.

Evernorth marked its Nasdaq debut ceremony even as reports flagged a sizable gap between its market valuation and underlying treasury value. Evernorth rang the Nasdaq closing bell this week, a ceremonial milestone typically reserved for newly listed or newly notable companies.

Traders appear to be favoring ETH even as Bitcoin weakens and XRP sentiment softens, according to two separate reports. Ethereum appears to be emerging as a favored asset among traders this week, even as Bitcoin slides and XRP struggles to hold investor interest.

The deal would give the crypto exchange's parent company a licensed banking foothold inside the European Union. Payward, the holding company behind cryptocurrency exchange Kraken, is preparing to acquire Saldo Bank, a licensed bank operating in Lithuania.

A UK lawsuit seeks the return of bitcoin from the crypto exchange, alleging it offered derivatives products without proper authorization. BitMEX has been sued in the United Kingdom in a case seeking the return of bitcoin valued at approximately $27 million.

Tax authorities are preparing detailed rules as the country's planned cryptocurrency income tax approaches implementation. South Korea's government is preparing to publish new guidelines covering how cryptocurrency transactions will be taxed. According to reports, the guidance is expected next month, giving investors and exchanges clearer rules before a planned levy takes effect.

A newly launched exchange-traded product gives European investors indirect exposure to the AI company's implied worth before any public listing. A newly introduced exchange-traded product in Europe gives investors a way to track the implied valuation of Anthropic. The company, known for its Claude line of artificial intelligence models, remains privately held.

Russia's largest lender has reportedly secured central bank approval to begin offering crypto trading services to clients. Sberbank has reportedly cleared a key regulatory step toward launching crypto trading, according to reports citing Bank of Russia approval.

The platform positions itself as a fresh approach to cross-border money movement, according to new reporting. A7 International has emerged as a newly profiled platform positioning itself to reshape the international payments landscape.

The bank is offering round-the-clock crypto trading access through its UAE private banking arm. Standard Chartered has begun offering Bitcoin and Ether trading to its wealthy client base in the United Arab Emirates.

Comments from New York Fed President John Williams on the rate outlook coincided with renewed buying in bitcoin markets. Bitcoin advanced toward the $84,000 mark following comments from New York Federal Reserve President John Williams. He said he does not foresee the central bank raising interest rates in 2027.

The two firms tested a blockchain-based US Treasury token to settle a repurchase agreement faster than traditional methods allow. BNY and Citadel Securities have conducted a test using tokenized US Treasury securities to support a repurchase agreement, according to reports from UNLOCK Blockchain and crypto.news.

The move expands wallet-based infrastructure for autonomous AI transactions on the XRP Ledger, as usage volume crosses a new milestone. Ripple has added wallet technology owned by Stripe to the XRP Ledger, according to reporting from CoinDesk and BeInCrypto.

The exchange, which reportedly holds about 5% of all bitcoin in circulation, is pushing for adaptable cryptographic upgrades ahead of any quantum computing threat. Coinbase has laid out its thinking on how Bitcoin should prepare for a future in which quantum computers could threaten existing cryptographic protections.

The deal will see the two firms explore digital asset custody and tokenized products in the South Korean market. Ripple has announced a new partnership with Meritz Securities, a South Korean financial firm, to explore custody and tokenization offerings.

Reports indicate the platform could lose its license amid allegations tied to offshore gambling operations. Coins.ph, widely regarded as the top cryptocurrency exchange operating in the Philippines, is reportedly under regulatory pressure from the country’s central bank. Two separate reports indicate the Bangko Sentral ng Pilipinas, known as BSP, is weighing action against the platform.

While outlets agree on Ethereum ETF outflow figures, CryptoBriefing's claim of 'mixed to positive' Bitcoin ETF inflows conflicts with Cryptonomist's and CoinTurk's reports of substantial net Bitcoin ETF withdrawals. While outlets agree on Ethereum ETF outflow figures, CryptoBriefing's claim of 'mixed to positive' Bitcoin ETF inflows conflicts with Cryptonomist's and CoinTurk's reports of substantial net…