Business – Page 442 – PK Press Club

CF Benchmarks Views Bitcoin as a Portfolio Staple, Projects a Price Target of $1.4 Million by 2035

CF Benchmarks, a wholly owned subsidiary of Kraken, said Thursday that institutional investors are increasingly analyzing bitcoin. BTC$85,486.88 through the lens of portfolio construction rather than short-term price cycles. The company models a base price of $1.4 million by 2035. In its 42-page report, titled “Building Bitcoin Capital Market Assumptions: A Practitioner’s Framework for Strategic […]

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Two Trump Appointees Confirmed to Take Over as Top Crypto Regulators CFTC and FDIC

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As President Donald Trump’s opening year winds down in his second administration, he finally landed permanent appointments to lead two of the most important U.S. crypto regulators: Mike Selig as chairman of the Commodity Futures Trading Commission and Travis Hill as chairman of the Federal Deposit Insurance Corp. The CFTC is poised to become one

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US SEC Helps Brokers with Crypto Custody, Takes a Closer Look at ATS Activity

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It’s brokers’ turn to clarify crypto in the series of staff statements from the U.S. Securities and Exchange Commission intended to reveal its current thinking on how to deal with the digital asset space, in this case addressing “physical possession” of assets by brokers and separately asking some questions about so-called alternative trading systems (ATS)

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BONK slides to $0.0000083 as selling pressure intensifies

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BONK fell 6.2% in the last 24 hours, sliding to around $0.000008331. The move occurred within a range of $0.000001202, representing intraday swings of approximately 13% as speculative positioning unfolded, according to CoinDesk Research’s technical analysis data model. Price was stronger during the Asian morning, with BONK briefly dipping to $0.000007941 before rebounding sharply. The

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BTC Quickly Gives Up Advance Above $89,000

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Much to the dismay of the bulls, crypto markets continued their brutal action again on Thursday, with early significant gains more than reversed in a very short period of time. Having occurred over a period of a few hours instead of yesterday’s few minutes, the scale of today’s reversal was almost as large, along with

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ECB says digital euro is ready, urges EU to act

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European Central Bank President Christine Lagarde said on Thursday that the central bank had completed its technical and preparatory work on the digital euro and that it was now up to political institutions to act. The project, which aims to create a public digital payment method, is currently being examined by the European Council and

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Altcoins Lead to Losses as Bitcoin Falls Below $85,000

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Crypto losses accelerated Thursday afternoon with bitcoin BTC$85,429.56 fell below the key support level of $85,000, dropping to $84,500 – its lowest price in almost three weeks – before rebounding slightly. The move erased BTC’s morning rally to $89,500 and sent the broader crypto market lower. Ether ETH$2,825.83 fell below $2,800, down 1.1% in the

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WhiteFiber (WYFI) signs 10-year, 40MW colocation deal with Nscale valued at approximately $865 million

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WhiteFiber (WYFI), a Nasdaq-listed data center and colocation provider focused on AI and high-performance computing, said its subsidiary Enovum Data Centers signed a long-term colocation agreement with Nscale Global Holdings, an AI infrastructure and cloud services provider, in a press release Thursday. The agreement covers 40 megawatts (MW) of critical IT load at WhiteFiber’s NC-1

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Ripple-Linked Token Plunges as Bitcoin Pumps and Dumps

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XRP fell slightly during a volatile session, but the drop was accompanied by sharply high volume – a signal that big players were active even as the price struggled to hold key technical levels. News context Crypto markets swung sharply on Thursday following a weaker-than-expected U.S. CPI reading, which briefly lifted bitcoin above $89,000 during

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What if efforts to structure the US cryptocurrency market simply aren’t succeeding?

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US senators negotiating the crypto market structure bill have rarely been so openly eager to find a bipartisan solution to this legislation. Even as political noise and clashes with President Donald Trump rage around them, lawmakers and staffers have gathered for a series of serious discussions aimed at determining the regulatory fate of the industry

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