GoYou Crypto (EN)

Bitwise has updated its decade-long forecast for Bitcoin, estimating a value of $1.6 million by 2036 with an annual growth rate of 34.3%. The revision is based on the increase in institutional demand and the limited new supply of Bitcoin.

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Robinhood reported revenue of $1.42 billion, with a 55% decline in the crypto sector to $120 million. Despite this, analysts at Bernstein and StoneX maintain positive forecasts, focusing on new products like Robinhood Chain and prediction markets that could generate 25% of revenue by 2028.

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Sam Bankman-Fried, former CEO of FTX, answered questions from actor Anthony Boyle, who portrays him in the Netflix series 'The Altruists'. The series, set to release in three weeks, explores the relationship between Bankman-Fried and Caroline Ellison, as well as the collapse of FTX. Boyle sought to understand the motivations behind Bankman-Fried's actions, while former COO Constance Wang criticized the portrayal of the ex-CEO.

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The case of Aiden Pleterski, known as the 'Crypto King', has reached its final stage with the jury beginning deliberations. Accused of defrauding $30 million between 2021 and 2022, Pleterski has defended himself in court. The verdict could result in a sentence of up to 14 years in prison.

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Bitcoin faces headwinds following the Fed's decision to keep interest rates steady, with a hawkish tone that surprised investors. Analysts are now focusing on Treasury yields, the US dollar, and inflation data to determine the direction of the crypto market.

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Robinhood saw a 55% drop in cryptocurrency revenue in the third quarter, but it beat analysts' expectations. Crypto trading volume decreased by 38%, while the blockchain business gained traction.

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Intel, IBM, Oracle, and IonQ are the latest companies to have expressed objections to the list of tokenized actions proposed by OKX and Intercontinental Exchange (ICE). With these new additions, the number of companies opposing the OKXICE project rises to 26, including Alphabet, Wells Fargo, and Goldman Sachs. The project, approved by the SEC, allows for limited trading of tokenized stocks, but many companies already listed on Nasdaq and NYSE prefer not to participate.

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VanEck has launched a new actively managed ETF that integrates stocks, bonds, real assets, and a specific allocation to Bitcoin. The VanEck Wealth Builder ETF (WBMO) aims for a 2% exposure to Bitcoin, with a range between 1% and 5%, achieved through a spot ETP. This tool is based on existing Wealth Builder portfolio models, offering a diversified strategy to address various economic conditions.

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Bithumb, one of the leading cryptocurrency exchanges in South Korea, is investigating a breach of its internal mobile system that may have caused a data leak. The incident is part of a wider wave of cyberattacks in the South Korean financial sector, with 16 companies recently affected.

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The Virtualine.net domain, used to facilitate large-scale criminal activities, has been seized in a joint operation between the FBI and international police forces. The provider offered services to ransomware, infostealers, and illegal forums, accepting untraceable bitcoin payments. The operation highlights the crucial role of 'bulletproof' hosting services in the cybercrime economy.

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