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Crypto

Bitcoin boom over? Bloomberg warns of underperformance versus U.S. Treasuries

A warning has emerged that the broader cryptocurrency market could be shaken if bitcoin continues to weaken against U.S. Treasuries. U.Today reported on Nov. 1 that Bloomberg Intelligence senior commodity strategist Mike McGlone said bitcoin is at a major inflection point in its relative performance versus U.S. government bonds. He highlighted $80,000 as a key level and pointed to underperformance by a BlackRock bitcoin ETF relative to a long-term Treasury ETF.

Crypto

Hagerty opposes CBDC, calls for expanding U.S. strategic bitcoin reserve

U.S. Senator Bill Hagerty (빌 해거티) said he opposes introducing a central bank digital currency, arguing it does not align with freedom and civil liberties. In an interview cited by Bitcoin Magazine, he said regulatory uncertainty has hurt the crypto industry and pointed to pressure under former SEC chair Gary Gensler. He also discussed congressional work on the CLARITY Act, stablecoin regulation under the GENIUS Act, and expanding a U.S. strategic bitcoin reserve of about 200,000 bitcoin.

Crypto

Ripple\'s RLUSD lists on Coinbase, opens access at top U.S. crypto exchange

Ripple’s dollar-pegged stablecoin RLUSD has been listed on Coinbase, the largest U.S. cryptocurrency exchange. Retail and institutional clients can trade and manage RLUSD across Coinbase Prime, the Coinbase exchange and the Coinbase retail app, with 1-for-1 conversions from U.S. dollars and supported dollar-denominated stablecoins. Coinbase also supports RLUSD deposits and withdrawals on XRP Ledger, Base and Ethereum. Ripple said RLUSD’s market value has risen to about $2.58 billion.