Arthur Hayes, BitMEX co-founder, suggests that Japan's use of the Federal Reserve's FIMA repo facility to support the yen could increase dollar liquidity temporarily, benefiting Bitcoin, Ether, and gold prices. Japan coordinated a yen intervention with the U.S. Treasury on July 31 and plans to use FIMA to exchange Treasuries for dollars without selling them outright, potentially avoiding market disruption. The Fed currently limits FIMA exposure to $60 billion per counterparty, but an increase could allow larger interventions. While this mechanism is a short-term liquidity tool, Hayes believes it could expand the Fed's balance sheet and support scarce monetary assets. However, no significant FIMA expansion or immediate crypto price rally has occurred yet, making this a forward-looking thesis dependent on future policy changes and usage.
Bitway (BTW) token fell sharply by 13.23% to $1.82, leading losses among 90 crypto assets as most declined. MemeCore (M) and Monero (XMR) were top gainers, rising 11.73% and 10.78% respectively. Other notable decliners included LayerZero, Worldcoin, ...
U.S. spot Bitcoin ETFs attracted $524.8 million on Wednesday, extending a three-day inflow streak to about $1.07 billion and reversing October losses by roughly $460 million. This inflow surge follows a prior two-week outflow totaling around $910 mil...
Bitway experienced the largest 24-hour drop among 90 tracked crypto assets, falling 18.27% to $1.69, continuing a downward trend from the previous day. While Bitway and several other tokens declined, some like Pearl and Lighter saw gains of over 10%....
NBA player Tristan Thompson is actively buying Bitcoin every day and pursuing acquisitions of mining facilities and data centers. He remains bullish on Bitcoin, calling it "digital gold" and comparing it to a retirement savings account. Thompson also...
On October 22, large limit orders for Bitcoin (BTC), Ether (ETH), and HYPE totaling about $121 million were newly placed or repriced and remained open in key monitored accounts. Bitcoin accounted for the largest share with approximately $73.62 millio...
