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Fed’s Proposed Stablecoin Rules Put GENIUS Act’s Dollar Test to Work

The Federal Reserve is proposing a rulebook for bank-issued payment stablecoins that gets strikingly specific. Basically, every $1 of tokens must be backed by at least $1 of permitted reserves, customers generally must be redeemable within two business days, and an issuer that stays short of required capital could ultimately be forced to liquidate its […] from Bitcoin News https://ift.tt/QBS23bI
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Bitcoin Flashes Signal Seen at Start of 2019 and 2023 Bull Markets

A bitcoin momentum indicator has crossed a threshold that Glassnode also observed near the start of the 2019 and 2023 bull markets. The historical comparison strengthens the case for a recovery, though bitcoin still faces a test of demand. Bitcoin Signal Recalls Earlier Bull Markets Bitcoin has regained a momentum threshold that appeared near the […] from Bitcoin News https://ift.tt/ip4jhgc
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Iran’s 7-Day Hormuz Proposal Hits an Already Nervous Market

The United States and Iran are reportedly discussing a phased arrangement that could reopen the Strait of Hormuz within roughly seven days in exchange for easing Washington’s blockade of Iranian ports, according to Reuters. No deal has been signed, and markets aren’t waiting around. Brent crude is hovering near $104, U.S. stocks are mixed, Treasury […] from Bitcoin News https://ift.tt/uBR5dsC
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Crypto Casino Duelbits Hit With $7M Hack, Taken Offline

Duelbits, a crypto-fueled online casino platform, confirmed Thursday that it was the target of a hack that drained approximately $7 million worth of funds from its hot wallets. The platform is currently offline pending completion of an investigation. Duelbits Taken Offline Following Heist A Duelbits founder who goes by the name Joe confirmed the hack […] from Bitcoin News https://ift.tt/UOH3KvC
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Solana DEX Trades Top NYSE With 208M Weekly Transactions

Solana decentralized exchanges processed about 208 million spot trades in the week ending Sept. 13, surpassing the NYSE’s roughly 190 million transactions for the first time. The milestone does not make Solana larger than Wall Street in economic value, but it shows how quickly onchain trading activity is scaling. Solana Narrows Nasdaq Gap as Weekly […] from Bitcoin News https://ift.tt/wE9pYSx
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Bitcoin Derivatives Are Heating up, but Traders Want Insurance

Bitcoin derivatives are flashing a split personality as bitcoin’s price trades around $84,000 on Sept. 23. Futures open interest is climbing back toward $60 billion, while options open interest has jumped above $50 billion. Calls command 60% of options positions, yet puts account for 58.2% of 24-hour options volume. Meanwhile, billions in contracts are staring […] from Bitcoin News https://ift.tt/AlxueMX
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Kalshi Thinks Bitcoin Price Will Reach $97K in 2026, but Not This Month

Traders on Kalshi now give bitcoin roughly a 46% chance of topping $100,000 before year-end, even as their bets on a September breakout cool with bitcoin’s price back near $86,200. The Number on the Screen Kalshi, the U.S.-regulated prediction market where traders buy contracts that pay $1 if an event happens, runs a contract series […] from Bitcoin News https://ift.tt/ykvsprf
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