TETHER NOW HOLDS 150,000 BITCOIN WORTH OVER $11.5 BILLION CEO Paolo Ardoino revealed the holdings during the Plan ₿ Forum in Lugano, Switzerland. Tether has accumulated Bitcoin since 2023, when it began allocating up to 15% of its quarterly net profits to BTC. The company also reported $132.4 billion in US Treasury exposure and nearly $8 billion in excess reserves at the end of Q3.
🇨🇳 CHINA'S COMMUNIST PARTY ORDERS CRACKDOWN ON CORRUPTION USING CRYPTO AND BLOCKCHAIN China's ruling Communist Party has called for a crackdown on corruption carried out through virtual currencies, blockchain, the internet and cross-border funds, according to a decision released Sunday by state news agency Xinhua. The document, adopted Oct. 29 at the party's Fifth Plenary Session, also targets officials who hide wealth through proxy shareholders, middlemen and the "revolving door" between government and business. It targets party officials, not traders, as Beijing already officially banned crypto trading and mining in 2021.
HSBC whistleblower Everett Stern says the bank got payments to a Hezbollah front past its own sanctions filter by adding dots and dashes to the name. “The name wouldn’t match in the wire filter, and that’s how they were intentionally getting money to terrorists and drug cartels.” Full Interview with @EverettStern1: https://t.co/T7j9KE78rh
The case for Multi-Institution Bitcoin Custody gets stronger with every hack and exploit.
Michael Howell: Debt Is Compounding at 8%, "Bitcoin Probably More" Howell says debt is growing exponentially in the West and the East, and refinancing it takes rising liquidity. With debt compounding at about 8% a year, he expects Bitcoin and gold to compound at least that fast. "Bitcoin probably more." Full interview: https://t.co/m35K1uXdFf
BITWISE RAISES ITS BITCOIN TARGET TO $1.6 MILLION BY 2036, UP FROM $1.3 MILLION The $14 billion asset manager's new 10-year forecast works out to a 34.3% annual return, about five times what it expects from US stocks. Its bear case is $130,686 and its bull case is $3.67 million. The bet rests on institutions putting 1% to 5% of their portfolios into Bitcoin, which Bitwise says means $1.5 trillion to $7 trillion of demand against about $14 billion of new coins mined each year. https://t.co/WBdsrXhiYF
JASON CALACANIS SAYS BITCOIN WILL NEVER BREAK ITS ALL-TIME HIGH AGAIN. THREE BITCOINERS HAVE OFFERED HIM $1 MILLION BETS Fred Krueger gave him until Oct. 28, 2036, for Bitcoin to top its October 2025 record of $126,210.50. Grant Cardone offered two years, to Oct. 28, 2028. Producer Terence Michael put up a third $1 million. Calacanis hasn't taken any of them. He has replied to Krueger by saying, "Propose next 12 month bet." He has said Bitcoin could revisit $57,000 within 12 months, citing ETF outflows and competition from AI investments.
🇹🇭 THAILAND'S SUPREME COURT RULES BITCOIN CAN BE STOLEN PROPERTY Thailand's Supreme Court upheld a robbery conviction over Bitcoin a tourist was forced to hand over on Koh Samui, ruling that the coins count as property under the country's Civil and Commercial Code. The victim was beaten and made to buy 2.480801 BTC, then worth about $50,000, and send it to the gang's wallet in September 2022. The defendant's 10-year sentence stands, along with an order to return the Bitcoin or pay its value. The full court said Bitcoin has a market value, can be turned into cash and can be held. It also said Bitcoin isn't legal tender, citing the Bank of Thailand. The ruling was published Oct. 28 and binds lower courts in future cases.
LIVE FROM @MitaTechTalks 🎙️ @samcallah of OranjeBTC on: 🔸 Why Bitcoin is becoming a safe haven for Brazilian investors amid political and currency turmoil 🔸 The massive opportunity for Bitcoin adoption in Brazil 🔸 And how AI and Bitcoin could combine to unleash a new wave of innovation.
🇺🇸 CRYPTO INDUSTRY POURS $176 MILLION INTO US MIDTERMS The industry has spent roughly $176 million across more than 100 races ahead of the Nov. 3 elections, per Reuters, with Fairshake and its affiliates accounting for $150.8 million through Oct. 20. It's building a bipartisan bloc in Congress as it prepares for the post-Trump era.
