Bitwise Asset Management's report reveals at least one sovereign wealth fund sold gold and foreign reserves to buy Bitcoin, marking a significant shift in reserve asset strategy. Despite a 50% Bitcoin price drop from late 2025 to mid-2026, none of the surveyed institutions reduced their Bitcoin holdings, indicating strong institutional confidence. Most institutions hold Bitcoin as their primary crypto asset with allocations typically between 0.5% and 2%, while one fund notably allocated 13%. The report highlights Bitcoin ETFs helped cushion market declines and suggests growing, though cautious, institutional adoption of Bitcoin as a hedge alongside gold.
The report on sovereign wealth funds shifting from gold to Bitcoin is notable alongside Pluang's crypto market breadth where 22 of 50 major cryptocurrencies rose and 27 fell as of Sep 30, 2026 07:02 WIB. Among these, Kusama (KSM) gained 4.39% to Rp86.688 with a typical hold time of 79 days and a strong sell order activity of 94%. Conversely, Harmony (ONE) and The Graph (GRT) declined by 4.62% and 4.52% respectively, with ONE priced at Rp43 and GRT at Rp523, both showing more sell than buy activity on Pluang.
GameStop's CEO Ryan Cohen and other executives have made significant insider purchases of millions of shares, showing strong confidence in the company's future despite recent stock price volatility. These buys were active decisions, not pre-scheduled...
Grass token briefly surged above $0.80, gaining over 25% in 24 hours following Multicoin Capital's investment. The DePIN project incentivizes users to share unused internet bandwidth, which is then used to process web data for AI labs. Grass plans to...
A wallet linked to Quant's founder transferred 25,776 QNT tokens valued at about $6.97 million after seven years of inactivity. The tokens were sent to several newly created wallets, while the original wallet still holds around 600,000 QNT tokens wor...
A wallet linked to Quant Network's founder moved 25,776 QNT tokens valued at $6.97 million after seven years of inactivity. The wallet still holds 600,000 QNT tokens worth $160.39 million. This transfer is significant in dollar terms but involves onl...
Concentrix Corporation reported mixed Q3 2026 results with earnings per share of $2.92, beating analyst expectations of $2.71. However, its revenue of $2.45 billion slightly missed the forecast of $2.48 billion. The company achieved a record free cas...
