Bitcoin gives back gains as long-term holder supply keeps $85K out of reach

Bitcoin (BTC) reversed its latest gains after Tuesdays Wall Street open as US bond yields continued to set multidecade highs.  Key points:Bitcoin abandoned a low-time frame rebound after reaching $84,450, dipping back below $83,000.US bond yields set new multidecade highs on Tuesday as gold sought to recover from a 3.6% drop to $4,115 per ounce.Ask liquidity continued to cement itself above the spot price around $85,000 on exchange order books.  Bitcoin rejects near $85,000 as bond-yield rally continues  Data from TradingView showed a local rally to $84,540 stalling as the US trading session began, with BTC/USD retreating below its daily opening level near $83,600.BTC/USD one-hour chart. Source: Cointelegraph/TradingView  US bond markets showed no sign of cooling on the day, with the 30-year yield reaching new 24-year highs above 5.60% and the 10-year yield hitting 5.26%, on the cusp of passing its June 2007 high to levels last seen in April 2002.US 10-year bond yield one-month chart. Source: Cointelegraph/TradingView  Geopolitical uncertainty surrounding the US-Iran war, high oil prices and persistent inflation kept investors cautious, while surging bond yields also sent precious metals lower. Gold fell 3.6% on Monday to $4,115 per ounce before rebounding to $4,166 at the time of writing.  Market commentator The Kobeissi Letter described

09-30انڈسٹری

Trump accord calls for tech firms to ‘self police’ their own frontier AI

US President Donald Trump and tech executives have signed a voluntary accord aimed at ensuring their AI models “behave as intended.”  The accord comes amid growing concerns over the safety of increasingly capable frontier AI systems. Trump has resisted a slowdown, citing competition with China. The agreement places much of the responsibility of managing AI risk on the companies developing the systems.  The White House accord, named “Joint Commitment on Frontier Responsibilities,” calls for internal controls, independent external audits and board-level oversight “to ensure its models do not hack or access technical systems in unintended ways.” The accord also leaves open the possibility of turning those commitments into law or regulation, saying it may make sense to do so over time.  Source: Rapid Response 47  “I think Im seeing tremendous self-policing. And they understand that they have to self-police,” Trump told reporters at the White House.  The accord was signed at the White House by Google CEO Sundar Pichai, Anthropic CEO Dario Amodei, Meta CEO Mark Zuckerberg, OpenAI President Greg Brockman, Nvidia CEO Jensen Huang and xAI CEO Elon Musk.  The meeting addressed AI safety, the industrys growth and data center development, while Trump ruled out a US-China joint venture to develop AI.  It also came on

09-30انڈسٹری

Gold rebounds from eight-week low as traders weigh Fed rate path

Gold price (XAU/USD) rebounds from an eight-week low to near $4,180 during the early Asian session on Wednesday. However, the potential upside for the precious metal might be limited as oil-driven inflation reinforced expectations of tighter monetary policy by the US Federal Reserve (Fed).  Traders looked for clues on whether the US central bank will continue raising the interest rate to rein in inflation. Meanwhile, a stronger US Dollar (USD), higher US Treasury yields, rising energy prices, and inflationary concerns boosted the case for a rate hike.  The US 30-Year Treasury Yield surpassed 5.61% on Tuesday to touch a level last seen in 2002. The two-year yield, more sensitive than longer maturities to changes in the Fed outlook, declined as much as five basis points (bps) before settling around 4.88%.  Higher energy prices can fuel inflation by raising costs across the economy. Gold is widely viewed as a hedge against inflation, but a high interest rate environment increases the opportunity cost of holding the non-yielding metal.  “The heightened expectations for more Fed rate hikes are keeping the dollar up, yields remain elevated. I think the upside might be somewhat limited today and markets going to stay focused on ‌the PCE inflation data tomorrow and

09-30انڈسٹری

The Canadian Dollar round-trips as Fed officials differ on hike timing

Tuesday‘s two Canadian catalysts, a flat July for the economy and a later start to Bank of Canada (BoC) bond buying, didn’t move USD/CAD. The pair went above 1.4200 for the first time since early July and fell back twice. The second drop began when New York Fed President Williams, a permanent voter on rates, said there‘s no rush to hike again. The BoC’s news came from a conference stage in Manhattan, and the Fed speech that moved the Loonie was given in Buffalo, a short drive from Ontario.  No urgency still means one more hike this year  US job openings fell to 7.079 million in August against a 7.23 million forecast, and USD/CAD recovered the dip before Fed Governor Barr spoke. The pair made its second run at the session high after Governor Barr said in Detroit that high energy prices and artificial intelligence investment mean more hikes are likely needed. President Williams said one more hike may be appropriate late this year and that the September 16 move to 3.75%-4.00% gives the Fed time to wait for data.  Fed funds futures still price about a 70% chance of an October hike, which leaves most of the case for a higher USD/CAD

09-30انڈسٹری

Hyperscale Data Holds $56M In Bitcoin And Cash

Hyperscale Data (NYSE American: GPUS), an artificial intelligence data center company anchored by Bitcoin, said Monday that it held 219.0652 Bitcoin worth about $18.5 million and roughly $37.5 million in cash and restricted cash as of September 27, according to a company announcement. The combined position of about $56 million represented approximately 153% of the market capitalization of its common stock as of September 28.  A balance sheet worth more than the stock  The disclosure means the Las Vegas-based company‘s Bitcoin and cash holdings exceed what the equity market values the entire business at. Hyperscale Data priced the Bitcoin using a closing price of $84,458 per coin on September 27. Milton “Todd” Ault III, the company’s executive chairman, framed the position as proof the firm can keep executing while its flagship data center comes online. “We strongly believe that the $56 million of Bitcoin, cash and restricted cash puts the Company in a strong financial position to continue delivering on our commitments to our customer and bringing the initial phase online,” he said. Ault added that the Michigan AI data center remains the companys priority as it approaches free cash flow generation.  From mining rigs to AI infrastructure  The treasury update lands as Hyperscale

09-30انڈسٹری

Crypto News: LASD Ex-Officer Sentenced After Aiding Crypto Businessmans Scheme

Key Insights:In today‘s crypto news, a man admitted to misusing police databases for Adam Iza’s interests.The former deputy failed to report more than $373,000 in income.Multiple former LASD deputies faced sentences linked to the case.  Crypto news today covered an incident where former Los Angeles County Sheriffs Department (LASD) deputy Eric Chase Saavedra received a 21-month federal prison sentence. Saavedra was sentenced after admitting that he abused his law enforcement position while working with cryptocurrency businessman Adam Iza.  United States District Judge Percy Anderson issued the sentence and ordered Saavedra to pay $90,984 in restitution. Saavedra, 42, of Chino, previously served as an LASD detective and a federal task-force officer.  Saavedra pleaded guilty in February 2025 to conspiracy against rights and false subscription to a tax return. As part of his plea agreement, he agreed to forfeit items purchased during the alleged conspiracy.  The forfeited property included 32 Louis Vuitton bags, 27 pairs of Gucci shoes, 5 Louis Vuitton wallets, and a money-counting machine. The case has sparked a heated debate in the crypto market as it is tied to a crypto entrepreneur and alleged financial crimes.  Crypto Market Case Involved Private Security Operations  Court documents identified Adam Iza as a self-described cryptocurrency businessman who hired

09-30انڈسٹری

VVV crypto falls 25% - Could Venice Tokens buy zone be near $20?

Venice Token [VVV] slid to a low of $25.90 on the 29th of September, marking a 25% drop from its record peak of $34.60. Although the altcoin flashed a reversal sign (an incomplete hammer candlestick), an extra price decline and discount couldnt be overruled.  Should VVV crypto bulls wait a little longer?  Following Bitcoins [BTC] cue and subsequent drop from $87K to $82K, the VVV crypto also faced a similar sell-off. The VVV crypto tripled in Q3, rising from $10 to $35, a whopping +230% gain between July lows and September peak.  Although the brief Bitcoin pullback triggered VVV holders to book profit, the selling may be far from over. First, the broader market may remain range-bound ahead of the Fed rate decision in late October. If so, altcoins that have exploded in Q3, including VVV, may see more profit-taking.  Source: VVV/USDT, TradingView  On this macro backdrop, the recent 20% drop seems incomplete. The pullback has not touched the typical golden zone and reversal level at the 50%-61.8% Fibonacci level ($20-$22). In other words, an extended decline could still be possible towards this support level.  The level was also a confluence of the 200-day Moving Average (MA) and the Fibonacci golden zone, further reinforcing it as

09-30انڈسٹری

Feds Williams says worst inflation shocks have passed

New York Federal Reserve (Fed) President John Williams spoke at the University of Buffalo and said that “price stability is foundational for the economy,” adding that “determining how restrictive monetary policy is is hard.”  Williams added that inflation should temper because the “biggest shocks” have passed and added that the “September rate hike aimed at creating a swifter return to 2% inflation.”  Discover more  Bitcoin halving forecast  Digital Currencies  Buy Ethereum online  Key highlights:  Price stability is foundational for economy  Inflation should ease because biggest shocks have largely played out  Energy prices remain very important in economy, but us is less exposed relative to past  Depending on war‘s path, doesn’t expect further surge in energy prices  Determining how restrictive monetary policy is is hard  September rate hike aimed at creating swifter return to 2% inflation  Im a big believer in being data dependent  K-shaped economy is very real  AI is driving up asset market valuations, bolstering wealth effect  Starting to see some data that shows AI bolstering productivity gains  Fed should stay out of partisan politics and focus on data  Strong period of productivity could lift natural rate of interest  Fed FAQs  Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool

09-30انڈسٹری

8 Things That Don‘t Add Up About Anthropic’s IPO

Anthropic wants stock market investors to value it at more than $2 trillion. Last year, the company behind Claude AI lost $42 billion.  Both numbers sit in Anthropics IPO prospectus, the document a company files before selling shares to the public. Reuters reviewed it on Monday. Here are eight places where the pitch and the numbers pull apart.  Anthropic valuation: $2 trillion  Amazon valuation: $2.6 trillion  Anthropic revenue: $65 billion  Amazon revenue: $716 billion  Explain this gap. https://t.co/QPXe39TJp4 pic.twitter.com/ogB8nTsLIo  — Limitless Finance (@trylimitlessfin) September 29, 2026  1. A $2 Trillion Price Tag on $4.6 Billion in Sales  Anthropic made about $4.6 billion in 2025 revenue. At $2 trillion, investors would be paying roughly $435 for every $1 of sales.  Sponsored  Sponsored  Annualized revenue reached $65 billion in July and could hit $100 billion by year-end. But that is based on the current run rate, not a full year of audited sales.  That makes the valuation unusually dependent on growth continuing almost perfectly. A slowdown would make the $2 trillion figure look much harder to justify.  2. The Business Lost $8 Billion  Anthropic lost $8.06 billion from operations, up from $2.98 billion in 2024.  The headline $42 billion loss exaggerates the cash burn. Yet the underlying business is still losing billions, and those losses are growing.  Anthropics IPO

09-30انڈسٹری

Kalshi Weighs $1B Funding Round at Nearly $40B Valuation as

Kalshi is considering a funding round of about $1 billion at a valuation near $40 billion, according to reports, as the prediction-market operator expands beyond event contracts.  Sequoia Capital and Wellington Management are in talks to participate, while Tiger Global Management and Dragoneer Investment Group are also considering joining. The discussions remain ongoing, and the deal size and valuation could change.  Funding Talks Continue  Kalshi last raised $1 billion in May at a $22 billion valuation. A new round at $40 billion would nearly double the companys valuation within months.  Related: House Oversight Broadens Prediction Market Probe to Hyperliquid, Crypto.com  Sequoia could lead the financing, while partner Alfred Lin serves on Kalshis board. The terms remain under negotiation, with the deal expected to develop in the coming weeks.  Polymarket is also exploring a funding round of about $1 billion as prediction markets attract increased investor interest.  Kalshi Expands Into Financial Markets  Kalshi is seeking to expand beyond event contracts into financial and economic markets, bringing it into greater competition with established derivatives exchanges such as CME Group and Intercontinental Exchange.  Dune data shows Kalshi has increased its market share relative to Polymarket over the past year.  The expansion comes as lawmakers examine prediction-market regulation and investor protections. Kalshi operates under

09-30انڈسٹری
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