Ether faced a sharp 15% drop to end last week, falling to its lowest level since July. The move wiped out $460 million of leveraged ETH bullish positions in two days and extended the decline to 47% from the August 24 all-time high.
The retail giant Walmart said it was shifting its longtime listing on the New York Stock Exchange to its main rival — even giving a passing nod to artificial intelligence as one of the reasons for aligning itself with the tech-heavy Nasdaq.
Coinbase has launched Ether-backed loans for US users, allowing customers to borrow USDC against their ETH holdings without selling, in a new offering powered by Morpho and running on Base. The exchange said the product is available across most US states, except New York.
Gold prices fell as investors digested the September U.S. jobs report, which showed stronger-than-expected employment figures and dampened prospects for a December rate cut U.S. gold futures for December delivery settled 0.6% down.
Investors pulled roughly $523 million from BlackRock’s flagship iShares Bitcoin Trust, according to data from Farside Investors, marking the fund’s largest single-day withdrawal since its launch. Bitcoin, a bellwether for crypto markets, fell below $90,000 this week, its lowest level in seven months.
The dollar rose against the yen, with the Japanese currency falling to a 10-month low after Finance Minister Satsuki Katayama said Japan’s new government was closely monitoring markets.
