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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familiar with the plans.A person familiar with the plans requested that the exact location of the team-building jaunt not be published for security reasons.Kraken has also handed all its employees a special one-off bonus, according to the sources.The positive vibes will be a tonic, given that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…

This week, the Ethereum ecosystem has been rocked by a $654 million ETH transfer by the Ethereum Foundation. This triggered intense scrutiny over developer compensation, transparency, and leadership, culminating in the public resignation of core developer Péter Szilágyi and renewed criticism of governance practices.Simultaneously, Polygon’s AggLayer upgrade has faced launch delays and network instability, intensifying debate about Layer-2 alignment, fragmentation, and the Foundation’s support for external L2s.These developments, alongside POL token migration volatility, ongoing struggles to balance mainnet centralization with L2 sovereignty, and reaction to the Foundation’s earlier executive restructuring, have added fresh urgency to the disputes over Ethereum’s future…

Hong Kong’s Securities and Futures Commission (SFC) has approved Asia’s first spot Solana (SOL) exchange-traded fund (ETF). This approval marks a new milestone in the city’s effort to expand its role as a regional crypto finance hub.The ETF, managed by ChinaAMC (Hong Kong), will begin trading on October 27. The minimum investment threshold is around $100.Sponsored SponsoredExpanding Crypto ETF Options in Hong KongThe SFC has approved the launch of a spot Solana (SOL) ETF. It becomes the third cryptocurrency-based spot ETF authorized in Hong Kong, following Bitcoin (BTC) and Ethereum (ETH). ChinaAMC will fully back the product with physical Solana…

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…

Tesla (TSLA) continued to hold 11,509 BTC, valued at around $1.35 billion as of the end of the third quarter (valued somewhat less as of today).The rise in bitcoin’s value during the third quarter allowed the company to book an $80 million gain on its holdings. For perspective, adjusted EBITDA for the quarter was $4.3 billion and the company was sitting on total cash and equivalents of $41.6 billion as of the end of the quarter.The electric vehicle manufacturer reported third quarter revenue of $28.1 billion, topping estimates for $26.36 billion. Adjusted EPS (which would not include digital asset gains)…