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USDC Enters Twin EU Supervision as EBA Oversight Takes Impact
TL;DR: USDC’s European supervision changes on November 12, with the EBA and France’s ACPR sharing responsibilities. USDC’s European regulatory status moves from an announced designation to an operating supervisory arrangement on November 12. That is the date set in the European Banking Authority’s October decision, which classified Circle’s dollar token as the EU’s first significant…
Onramp Launches Enterprise Bitcoin Accounts With Group Withdrawal Approvals
TL;DR: Onramp has launched a business Bitcoin account with named users, role permissions and withdrawal approvals. A separate Treasury tier adds multi-institution custody. The distinction matters because team account controls and the underlying signing arrangement are different parts of security. For a company buying Bitcoin, the first operational question arrives quickly: who is allowed to…
Fold’s Bitcoin Reward Playing cards Acquire Traction as Q3 Income Reaches $4.2M
TL;DR: Fold reported $4.2 million in third-quarter revenue and a $2.6 million net loss. The company says Bitcoin gift-card sales helped lift custody and trading revenue, while newer products aim to encourage customers to keep balances on its platform. Selling someone their first Bitcoin product is one commercial challenge. Giving them enough reasons to keep…
Hyperscale Information Sells Remaining Bitcoin Reserve to Fund Michigan AI Buildout
TL;DR: Hyperscale Data says it sold its remaining Bitcoin reserves by November 8, raising about $16 million from the final sale. The money is intended for debt reduction and its Michigan AI campus. Its Montana Bitcoin mining operation continues. A Bitcoin reserve can serve as a long-term investment, a source of emergency liquidity or funding…
Crypto Information At the moment: Bitcoin Loses $72Ok as $550B Vanishes From Cryptocurrency Market
The decline followed a broader deterioration in investor sentiment, with more than $550 billion reportedly erased from the cryptocurrency market since its October highs. Bitcoin’s latest weakness also raised concerns about whether the correction could deepen if institutional demand remains subdued. Bitcoin Price Breaks Below $72K as Selling Pressure Intensifies Bitcoin (BTC) fell to approximately…