Finance and Business News page 36

A closely watched Wall Street analyst has set a new 12-month price target for Intel while opening coverage on SpaceX for the first time. A widely followed Wall Street analyst has made two notable moves this week, according to reports from Yahoo Finance and Finbold.

The company added 28,086 ETH, pushing its treasury to 5.93 million coins worth roughly $14.8 billion. Bitmine has added 28,086 ETH to its balance sheet, a purchase valued at roughly $70 million, according to multiple reports. The acquisition lifts the company's total Ethereum holdings to approximately 5.93 million coins.

The sneaker drop extends Michael Saylor's company beyond bitcoin accumulation into consumer merchandise, though buyers reportedly could not pay in bitcoin. Strategy, formerly known as MicroStrategy, sold out a batch of Bitcoin-themed Jordan sneakers priced at $250 per pair.

The company resumed purchases briefly before halting them again, according to reports from Decrypt and Yahoo Finance. Strategy briefly resumed purchasing bitcoin after a pause, then stopped again within a week, according to Decrypt and Yahoo Finance. Both outlets confirmed the timeline without disclosing specific purchase amounts or dollar figures tied to the latest activity.

Australia's financial intelligence agency says the removals target unregistered or non-compliant digital currency and money transfer operators. AUSTRAC, Australia's anti-money-laundering and counter-terrorism financing regulator, has removed 45 registrations from crypto and remittance service providers over the past twelve months. The agency disclosed the figure as part of a broader update on its enforcement activity.

On-chain negotiations returned most of the funds while the white hats retained 598.5 BTC, with discussions ongoing over remaining amounts. Liquid Network, the Bitcoin sidechain operated by Blockstream, has recovered 3,400 BTC following negotiations conducted directly on the blockchain.

The banks moved money between Singapore and New York in minutes, a transaction traditional correspondent banking cannot handle outside weekday hours. DBS Bank and Citi have completed what they describe as the first weekend cross-border payment settled using tokenised deposits, according to reports from Crypto News Australia, Cryptopolitan and BlockchainReporter.

Reports on Malone Lam's Bitcoin-theft plea agree on nearly every detail except where the case is being prosecuted, with Coinfomania citing Singaporean jurisdiction while other outlets describe a U.S. federal case in Washington D.C.

A bug fix on the Bitcoin sidechain appears tied to the recovery of most of the funds taken in a bridge exploit. Attackers who exploited a bridge vulnerability on the Liquid Network are reportedly sending back most of the Bitcoin they took.

No exchange-traded fund tracking SHIB exists yet, but a longtime community voice points to gradual progress alongside new access for the token in Japan. A longtime Shiba Inu community figure has addressed speculation around a potential exchange-traded fund for the token, stating that while no SHIB ETF currently exists, the project remains on a positive…

Independent technical readings converge on the idea that Bitcoin's recent decline may have run its course. Two analysts have independently argued that Bitcoin's latest price decline may have reached its floor. Each reached that conclusion using a different chart-based approach, according to reports from BeInCrypto and Yahoo Finance.

Tax authorities say residents must still disclose overseas crypto holdings even if the exchange holding them has collapsed South Korean tax authorities have stated that crypto holders are still required to report overseas exchange accounts even if the platform behind them has gone bankrupt. The clarification was reported by crypto.news and Cryptopolitan on September 7.

Saudi Arabia emerges as a key driver of the region's surging digital asset activity. Crypto transaction volume in the Middle East and North Africa region has climbed to an estimated $350 billion, according to reporting from crypto.news and UNLOCK Blockchain.

The conglomerate is preparing digital asset infrastructure as Seoul finalizes new tokenization rules. Hanwha is developing a platform for tokenized securities using Avalanche's blockchain infrastructure, according to a report. The initiative places one of South Korea's largest conglomerates among the growing list of traditional financial and industrial players exploring blockchain-based asset issuance.

The United Nations' top human rights official named Meta, OpenAI and Google while calling for binding security standards on advanced AI systems. The United Nations’ human rights chief has issued a fresh warning about the dangers of unchecked artificial intelligence development.

The XRP logo will appear on the Florida Gators' field as part of a new multi-year sponsorship agreement with Ripple. Ripple has agreed to a multi-year sponsorship arrangement that will put XRP branding on the football field used by the University of Florida Gators.

CryptoBriefing and CoinTurk News EN give different dates and price peaks for the ZEC surge that triggered the same $212M liquidation event, and outlets differ on the exact ZEC liquidation total. CryptoBriefing and CoinTurk News EN give different dates and price peaks for the ZEC surge that triggered the same $212M liquidation event, and outlets…

Circle's dollar-pegged token outpaced rivals as the overall stablecoin market cap climbed by roughly $1 billion. USDC, the stablecoin issued by Circle, added $584 million in market capitalization over the past week. The gain made it the largest single contributor to growth across the stablecoin sector, according to reporting from CryptoBriefing, Coinfomania, and The Cryptonomist.