Business – Page 548 – PK Press Club

Abu Dhabi Sovereign Fund triples its BTC bet before the market decline

Al Warda Investments, an investment vehicle overseen by the Abu Dhabi Investment Council (ADIC), more than tripled its holdings in BlackRock’s iShares Bitcoin Trust ETF (IBIT) in the third quarter in the form of bitcoin. BTC$92,123.27 heading towards October record. The 230% increase brought its investment to just under 8 million shares valued at $517.6 […]

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Ark Invest Doubles As Crypto Company Stock Prices Drop

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Ark Invest added $39.6 million to its holdings of three crypto company stocks on Wednesday, as the broader crypto market fell. Cathie Wood’s investment management firm added 463,598 shares of crypto exchange Bullish (BLSH), worth $16.9 million as trading closed, according to an emailed disclosure. He also purchased 216,019 shares of stablecoin issuer Circle Internet

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DOGE hits multi-month low as flows turn bullish for first time in 6 months

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Major support at $0.155 collapsed under heavy selling pressure, but improving FX flows and accelerating whale accumulation suggest downside exhaustion may be near. News context • DOGE rose from $0.160 to $0.149, breaking major support at $0.155.• Net foreign exchange inflows turned positive for the first time in months – a historic precursor to a

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Privacy-Focused Aztec Network Ignition Chain Ignites on Ethereum

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The privacy-focused Aztec Ethereum Layer 2 Network Ignition Chain flipped the switch on Wednesday, becoming the first fully decentralized Layer 2 protocol on the mainnet. “Aztec has just delivered Ignition Chain, the first fully decentralized L2 on Ethereum. This launches the decentralized consensus layer that powers the Aztec network,” Aztec announced on X. The event

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BlackRock Takes First Step Towards a Staked Ether (ETH) ETF

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BlackRock has now joined the race to launch a staked ether ETF, registering the iShares Staked Ethereum Trust ETF in Delaware on November 19, according to a state filing highlighted by Bloomberg’s Eric Balchunas. Loading… The registration is only a first step and is not yet a formal application under the Securities Act of 1933,

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Chance of Fed rate cut in December plummets to 30%

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The likelihood that the U.S. Federal Reserve will cut interest rates by 25 basis points to a target range of 3.5% to 3.75% has fallen to 30%, down from 50% a day and a week ago, and sharply down from 98% a month ago, according to CME’s FedWatch tool. That belief has evaporated in the

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India’s debt-backed ARC token eyes tentative debut in Q1 2026, sources say

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India’s Asset Reserve Certificate (ARC), a fully collateralized stablecoin digital asset developed by Ethereum scaling and infrastructure development giant Polygon and India-based fintech company Anq, could go live in the first quarter of 2026, sources familiar with the matter told CoinDesk. Sources said each ARC token will trade 1:1 with the Indian rupee and will

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Bitcoin’s death cross sounds the death knell for the Ripple Bulls

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XRP breaks a critical technical level amid heavy selling pressure, finding temporary support at $2.05 before stabilizing above $2.11 in a volatile session. News context • No major fundamental catalyst accompanied the decline, although broader crypto markets weakened.• Sentiment remains fragile as Bitcoin’s ‘Death Cross’ reinforces risk aversion conditions among majors• Institutional flows turned defensive,

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Winklevoss’ DAT Cypherpunk (CYPH) Buys Tokens for $18 Million

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Cypherpunk Technologies (CYPH), a digital asset treasury company backed by Gemini founders Cameron and Tyler Winklevoss, said it has added $18 million worth of Zcash. ZEC$690.42 on its balance sheet. The company revealed that it purchased 29,869 tokens at an average price of $602.63, bringing its total holding to 233,644 ZEC, currently worth around $150

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Senate banking panel advances FDIC’s Travis Hill for broader confirmation vote

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The U.S. Senate Banking Committee advanced the confirmation process for acting Federal Deposit Insurance Corp. Chairman Travil Hill on Wednesday, holding a final vote in the expanded Senate to potentially make Hill the permanent head of the banking agency that plays an ongoing role in overseeing the crypto sector. Senators voted along party lines 13-11

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