Global #Bitcoin

Kraken, a leading cryptocurrency exchange, has officially launched its wrapped Bitcoin token, known as kBTC. This new token, which is available on both the Ethereum and Optimism networks, is designed to be backed 1:1 by Bitcoin, significantly expanding Bitcoin’s utility within decentralized finance (DeFi) ecosystems.

After a turbulent start to October, Bitcoin (BTC) has swiftly reclaimed its footing, bouncing back to its familiar range of $65,000 to $67,000.

The relationship between rising oil prices and Bitcoin has garnered significant attention from investors and analysts. As global economic conditions evolve, many are speculating whether surging oil prices could trigger a corresponding rise in Bitcoin’s value.

In a bold move, BlackRock, the issuer of the IBIT ETF, has acquired over $680 million in Bitcoin within just two days. This significant investment comes as IBIT, one of the most successful ETFs in the market, experiences a surge in price, reinforcing BlackRock's commitment to Bitcoin as a core element of its future strategies.

Venmo has officially integrated with MoonPay, allowing U.S. users to fund Bitcoin and other cryptocurrency purchases directly from their Venmo balances, bank transfers, or debit cards.

In a significant move reflecting the burgeoning interest in cryptocurrency, Morgan Stanley has begun offering its clients indirect exposure to Bitcoin through exchange-traded funds (ETFs).