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Bitcoin erases nearly all of Tuesday’s gains as the Trump administration reportedly considers a potential escalation in its trade war with China.After Tuesday’s quick rally following Fed governor Christopher Waller’s upbeat comments on crypto, markets fell sharply on Wednesday, Oct. 22, as reports surfaced that the Trump administration may limit a wide range of tech exports to China in response to Beijing’s rare-earth metals restrictions, sending U.S. stocks lower.Bitcoin (BTC) has fallen back to around $108,000, erasing most of its 5% rally from the previous day that briefly pushed prices near $114,000.BTC 24-hour price chart. Source: CoinGeckoEthereum (ETH) also pulled…

In brief Stanford’s PRIMA chip restores sight to patients once considered incurable. The wireless implant converts light into signals the brain can read. Human trials show restored reading and face recognition ability. After decades of trial and error, scientists at Stanford Medicine have given blind patients something rare in medicine—a second chance at sight.Their wireless PRIMA implant, described this week in the New England Journal of Medicine, uses invisible light and a chip the size of a grain of rice to restore reading vision to people with advanced macular degeneration.Led by Stanford physicist and biomedical engineer Daniel Palanker, the PRIMA…

American sports betting platform DraftKings is tapping Polymarket as the clearinghouse for its new prediction market, an industry that clocks over $4 billion in monthly trading volume.“Congrats to DraftKings on their acquisition of Railbird. We’re proud for Polymarket Clearing to be their designated clearinghouse as they enter the prediction market space,” Polymarket CEO Shayne Coplan said in an X post on Wednesday.Railbird is a Commodity Futures Trading Commission-regulated predictions market platform, which DraftKings acquired for an undisclosed amount on Tuesday.Polymarket’s clearinghouse is needed to verify trades, hold collateral and ensure all bets or contracts are settled fairly and securely —…

In brief 60% of Australians still say they don’t trust crypto, up from 57% in 2024. Labor’s reform package spans exchange licensing, stablecoin oversight, and payments modernization. Swyftx projects millions of new investors once regulation is finalized. Crypto adoption in Australia has stalled, despite the incumbent Albanese government rolling out some of the most ambitious digital asset reforms in the country’s history.The fifth annual Australian Crypto Survey, released on Wednesday by crypto exchange Swyftx, found that ownership remains flat among adults, with trust in digital assets continuing to slide.Nearly 60% of Australians say they don’t trust crypto, up from 57%…

Bitcoin prices have climbed since falling on October 17. gettyBitcoin prices have rallied over the last few days, climbing past $114,000 on Tuesday, October 21 as markets got their risk appetite back. The world’s most prominent digital currency rose to as much as $114,082.29, according to Coinbase data from TradingView. At this point, it was up roughly 10.2% from the multimonth low of approximately $103,500 it reached on Friday, October 17, additional Coinbase figures from TradingView reveal. That day, the the cryptocurrency reached its lowest point since late June. “Bitcoin’s rebound appears driven by a combination of renewed risk appetite…

Cryptocurrency exchange Kraken is whisking the vast majority of its staff off to an idyllic Caribbean island in January of next year, to energize the firm ahead of a much-anticipated listing in the U.S. next year, according to two people familiar with the plans.A person familiar with the plans requested that the exact location of the team-building jaunt not be published for security reasons.Kraken has also handed all its employees a special one-off bonus, according to the sources.The positive vibes will be a tonic, given that earlier this year, Kraken was reported to have cut “hundreds” of staff.Kraken declined to…

This has been percolating for a few months, but DraftKings is getting into prediction markets.News of the sports betting operator’s interest in acquiring Railbird Exchange, a CFTC-approved Designated Contract Market, broke in July. On Tuesday, Oct. 21, the acquisition became official.In the press release announcing the deal, DraftKings says the acquisition of Railbird Technologies and its subsidiary Railbird Exchange “supports DraftKings’ broader strategy to enter prediction markets, expanding its addressable opportunity through regulated event contracts.”There is no mention of “sports” in the release.DraftKings does say it plans to launch a new mobile app, called DraftKings Predictions, a platform to trade…

Bitcoin prices have climbed since falling on October 17. gettyBitcoin prices have rallied over the last few days, climbing past $114,000 on Tuesday, October 21 as markets got their risk appetite back. The world’s most prominent digital currency rose to as much as $114,082.29, according to Coinbase data from TradingView. At this point, it was up roughly 10.2% from the multimonth low of approximately $103,500 it reached on Friday, October 17, additional Coinbase figures from TradingView reveal. That day, the the cryptocurrency reached its lowest point since late June. “Bitcoin’s rebound appears driven by a combination of renewed risk appetite…

Over 40% of Australian Gen Z and Millennials say they regret not investing in cryptocurrency a decade ago, with a new survey from Australian crypto broker Swyftx suggesting they see it as one of the biggest missed opportunities of the last 10 years. The study, conducted by YouGov and released on Thursday, surveyed 3,009 people, finding that almost half of the under-35s surveyed regret missing the crypto boat. This was followed by regret for not buying property and not buying shares in big technology companies such as Apple and Amazon. Part of the FOMO is likely because of the structural buying…

Planets would almost need to align for Bitcoin to reach $250,000 by the end of the year, according to Galaxy Digital CEO Mike Novogratz.Several crypto executives have recently doubled down on their $250,000 Bitcoin (BTC) predictions by year-end.“The end of the year is only two and a half months away,” Novogratz said during an interview with CNBC on Wednesday, adding: “There would have to be a heck of a lot of crazy stuff to really get that kind of momentum.” At the time of publication, Bitcoin is trading at $107,649, according to CoinMarketCap, meaning it would need to surge approximately 133% within…