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Bitcoin ETFs Lose $82 Million As BlackRock Leads Friday’s Withdrawals

TL;DR: US spot Bitcoin ETFs recorded approximately $82.4 million in net outflows on October 16. BlackRock’s IBIT accounted for $71.8 million of withdrawals, with Fidelity’s FBTC recording about $10.6 million. BlackRock’s flagship spot Bitcoin ETF accounted for most of the…

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Circle Targets 40 New Markets As USDC Push Moves Beyond Crypto Trading

TL;DR: Circle plans to expand USDC infrastructure into approximately 40 developing and emerging markets. The company is targeting international payments and access to digital dollars rather than relying solely on cryptocurrency exchange demand. Circle is looking well beyond cryptocurrency trading…

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Judge Rejects Gemini And CFTC Bid To Overturn $5 Million Settlement

TL;DR: A federal judge has rejected a joint attempt by Gemini and the Commodity Futures Trading Commission to overturn the exchange’s $5 million settlement. The decision leaves the existing judgment in place despite the regulator’s changed approach to cryptocurrency enforcement.…