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Crypto

Bitcoin \'Uptober\' narrative wobbles; $77,000 support in focus

Bitcoin has extended weakness in October, sliding 4.1 percent over the past week as outflows from spot bitcoin exchange-traded funds increased downward pressure. The cryptocurrency briefly fell to $80,427 and is trading around $83,000 after failing to hold a push above $87,000. Analysts are watching $83,000 as a near-term pivot and key support levels at $77,000 and $72,000. Markets are also tracking inflation data and ETF fund flows.

Crypto

Hunter Biden to launch \'LAPTOP\' memecoin tied to laptop controversy

Hunter Biden (헌터 바이든) will launch a memecoin called LAPTOP, themed on the laptop controversy surrounding him, on Coinbase-built Base on Sept. 9. The token supply totals 1 billion, with 200 million set aside for two airdrops. Eligible recipients include wallets that lost money investing in U.S. President Donald Trump\'s TRUMP memecoin, Biden\'s Substack subscribers and subscribers to Andrew Callaghan\'s mailing list. The project also outlines founder allocations and conditional token burns.

Crypto

Gold, bitcoin rise together as U.S. Treasury yields fall

Gold rose to its highest level in three months and bitcoin briefly climbed above $80,000, supported by a weaker dollar and falling long-term U.S. Treasury yields. Investors are watching whether the move reflects hedging demand amid concerns about the dollar and U.S. fiscal soundness. The World Gold Council cited stronger inflows into spot gold ETFs, while it said expectations of a September Federal Reserve rate hike had eased.