Markets

Bitcoin Price Outlook: What’s Next After Red October?

In brief Bitcoin’s recent drop is a mid-cycle reset, not a bear trend, according to analysts. The crypto’s first red October in six years could be setting the stage for a bullish comeback in November. A cooling trade war could serve as a tailwind, though macroeconomic concerns persist. Bitcoin is heading into November after its…

Business

Hollywood.com Reveals Crypto-Powered Prediction Market for Movies, TV and More

In brief Hollywood.com and Crypto.com are joining to debut entertainment-focused prediction markets. Prediction markets are booming lately with record volume and multi-billion-dollar platform valuations. Crypto.com is also powering an upcoming Truth Predict platform from Trump Media & Technology Group. Prediction market fever is sweeping through crypto, politics, sports—and now Hollywood, too.On Monday, Hollywood.com announced an…

Markets

Ripple Acquires Crypto Wallet and Custody Firm Palisade

In brief The firm will slide Palisade’s offerings into its Ripple Payments and Ripple Custody solutions. Ripple acquired Hidden Road and GTreasury in billion dollar deals earlier this year. Ripple ended a four-year legal battle with the SEC this August. Ripple has acquired digital wallet provider and custody firm Palisade, the blockchain-based financial technology company…

Markets

US Bitcoin ETFs Lost $946 Million After Hawkish Tone From Fed

In brief U.S. Bitcoin ETFs had $946 million in outflows last week, with iShares Bitcoin Trust losing $400 million. Solana ETFs attracted $421 million in new investments, driven by recently launched U.S.-based funds. Total digital asset fund outflows reached $360 million as investors reacted to U.S. central bank Chair Jerome Powell’s cautious stance on December…

Business

Ripple Prime Clients Gain Access to Spot Crypto Trading

In brief Ripple Prime clients will have access to dozens of cryptocurrencies. Customers can engage in OTC spot transactions, Ripple said. Hidden Road was a multi-asset prime brokerage. XRP-linked fintech Ripple began letting U.S. customers access spot trading for dozens of cryptocurrencies through its Ripple Prime service, the company said in a blog post on…