Bitcoin News in Nigeria

The post Crypto News: ETF Inflows Drop 60% As Dollar Strengthens appeared on BitcoinEthereumNews.com. In crypto news today, exchange-traded fund (ETF) flows contracted on Oct. 8 as the dollar strengthened amid Japan’s government bond (JGB) yields climbing to their highest levels in 17 years. This temporarily cooled institutional demand for Bitcoin (BTC). According to Farside Investors, Bitcoin, Ethereum, and Solana ETFs registered $515.9 million in combined inflows. That’s down 60% from the $1.3 billion recorded the previous day. Bitcoin ETFs registered $441 million in inflows, down from $875.6 million in the previous period. Meanwhile, Ethereum ETFs posted a more significant daily decline, sliding from $421 million to $69 million. The Solana SSK ETF posted $6 million, down from its $14.6 million registered on Oct. 7. Despite the decline in capital flows, US-traded spot crypto ETFs maintained their streak of positive net flows. US-traded spot Bitcoin ETF breakdown | Source: Farside Investors Crypto News: Temporary Risk-Off The decline followed news that Japan’s 10-year government bond yields reached levels not seen since 2008, triggering a flight from risk assets. The long-end selloff in Japanese government bonds pushed domestic yields higher, reducing the incentive for Japan’s institutional investors to seek returns in foreign markets. Life insurers signaled a preference for domestic yen assets in recent quarters, and the latest yield surge accelerated that shift. As Japanese capital exited foreign risk positions, global dollar liquidity contracted marginally, weighing on equities and cryptocurrencies. The dollar is poised to close its best week in almost a year, and a strong dollar historically results in underperformance for Bitcoin. Order-Book Mechanics Amplified Volatility Buyers fled Japanese bonds as political and fiscal risks mounted, driving the yield spike that redirected institutional flows. The yen’s concurrent slide compounded the pressure on risk assets. A weaker yen kept the dollar firm, forcing de-risking across carry trades and leveraged strategies. Higher hedging costs and wider rate…

The post American Millionaire Addresses Investors Who Sell Bitcoin and Buy Gold! “Don’t Be Stupid!” appeared on BitcoinEthereumNews.com. While Bitcoin (BTC) saw less of a surge than gold, gold broke consecutive records. The price of an ounce of gold rose above $4,000, attracting investors. At this point, while investors were switching from Bitcoin to gold due to the fear of missing out on the rise, the famous name said that this was a big mistake. Speaking to Decrypt, renowned American author and real estate millionaire Grant Cardone said that selling Bitcoin to buy gold was a million-dollar mistake. Grant Cardone, who warned against selling Bitcoin to invest in gold, emphasized Bitcoin’s programmed scarcity and long-term value proposition as superior to gold. Cardone, who includes Bitcoin in his real estate funds, advises investors to hold their BTC rather than converting it into gold. The famous name stated that he sees Bitcoin as a superior store of value compared to the precious metal gold. While acknowledging that the price of gold has risen more than 50% this year and has a positive long-term outlook, Cardone said it would be foolish for Bitcoin investors to be influenced by this rise. He added that Bitcoin remains a superior store of value and has better long-term prospects. Cardone emphasized that for every Bitcoin sold to buy gold, each investor risks a potential loss of one million dollars. “Don’t be stupid. I wouldn’t pursue this right now. You’ll cost yourself a million dollars for every Bitcoin you sell.” Investment firm VanEck also predicted this week that Bitcoin could capture half of gold’s $26 trillion market capitalization, but noted that it could take several years. Meanwhile, Bitcoin’s value is currently at $2.4 trillion, up from $1.2 trillion a year ago. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/american-millionaire-addresses-investors-who-sell-bitcoin-and-buy-gold-dont-be-stupid/

The post Cardano’s Hoskinson Says Bitcoin’s Four-Year Cycle Is Dead, Predicts Lower Price Spikes And Dips ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Cardano founder Charles Hoskinson has theorized that the concept of a four-year cycle for Bitcoin is fading away after holding sway for nearly 13 years. Hoskinson noted that financial heavyweights like BlackRock and Fidelity wading into BTC will reduce the volatility typically associated with the asset. Hoskinson Downplays Bitcoin’s Four-Year Cycle In an interview with CNBC, Hoskinson noted that Bitcoin’s four-year cycle will no longer hold sway in the coming years, given the entry of new players into the space. According to Hoskinson, new institutional money and complex financial products like synthetics and derivatives will be the death of the four-year cycle. The Bitcoin four-year cycle refers to a historical market pattern revolving around the Bitcoin halving event, marked by price surges and drawdowns. The pattern begins with the accumulation phase, usually one year after the halving event, with long-term investors making sizable purchases. By the second or third year in the cycle, Bitcoin typically breaks its previous all-time high to trigger retail FOMO. The third or fourth year in the cycle is marked by sharp corrections, with previous pullbacks accumulating to 85% in losses. “I don’t think we’re gonna see those kinds of cycles anymore because there is too much money in the space and there is too much market structure,” said Hoskinson. Advertisement &nbsp Furthermore, Hoskinson added that new capital inflows and complex products will play a significant role in reducing Bitcoin’s volatility in the coming years. For Hoskinson, there will be “stronger floors and less volatility,” noting that large price jumps will be a thing of the past. He noted that reducing the volatility will play a significant role in boosting Bitcoin’s adoption to the “next half a billion people.” Hoskinson also added that regulations in the space will introduce new players…

The post Investment Giant BlackRock’s Spot Bitcoin Exchange Traded Fund Crosses Critical Threshold! Here’s the Latest Data appeared on BitcoinEthereumNews.com. BlackRock, the world’s largest asset management firm, has reached a new milestone with the launch of its spot Bitcoin exchange-traded fund (ETF) IBIT. BlackRock’s Bitcoin ETF Crosses 800,000 BTC Threshold: Value Surpasses $97 Billion The company’s fund has reached a historic high in assets under management (AUM), surpassing 800,000 BTC (approximately $97 billion). IBIT has seen rapid growth since its launch in January 2024. As of October 7th, the fund, which held 798,747 BTC, reached 802,257 BTC after a net inflow of $426 million (approximately 3,510 BTC) in one day. This amount corresponds to approximately 3.8% of Bitcoin’s total supply. This performance put BlackRock ahead of MicroStrategy’s institutional reserves of 640,000 BTC. On the same day, US spot Bitcoin ETFs saw total inflows of $440 million, with IBIT alone seeing net inflows of $4.1 billion over the past eight days. Bloomberg analyst Eric Balchunas noted that IBIT led all ETFs with $3.5 billion in weekly inflows. “Spot Bitcoin ETFs are currently experiencing the strongest period in their history,” said Nate Geraci, president of NovaDius Wealth. As the Bitcoin price rose to $121,500 with this rise, BlackRock CEO Larry Fink once again confirmed that IBIT is the “fastest-growing ETF in history.” *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/investment-giant-blackrocks-spot-bitcoin-exchange-traded-fund-crosses-critical-threshold-heres-the-latest-data/

The post Two Prime Hits Record $827 Million in Q3 BTC-Backed Loans appeared on BitcoinEthereumNews.com. Two Prime Lending issued record-breaking bitcoin-backed loans of $827 million in Q3 2025, bringing its total committed loan volume to $2.55 billion since launching in March 2024, the firm said on Thursday. The lending affiliate of investment adviser Two Prime has established itself as one of the largest bitcoin-backed lenders globally, serving institutions such as miners, hedge funds, trading firms, and digital asset treasuries. It received $20 million backing led by bitcoin BTC$121,633.17 miner MARA Holdings (MARA) earlier this year. Two Prime’s lending clients include publicly listed names like CleanSpark (CLSK), Hut 8 (HUT), Kindly MD (NAKA) and Fold (FLD). Two Prime attributes its growth to competitive rates and catering to institutions seeking yield and risk management. CEO and Co-Founder Alexander S. Blume said the firm’s success reflects rising institutional adoption of bitcoin and the demand for sophisticated lending and derivatives solutions in Thursday’s emailed announcement. “As more institutions — including large corporate treasuries, miners, hedge funds, endowments, pensions funds, and sovereign wealth funds — purchase and hold bitcoin, Two Prime has developed sophisticated lending and derivatives strategies to generate risk-adjusted yield for these institutions.” Source: https://www.coindesk.com/markets/2025/10/08/two-prime-hits-record-usd827-million-in-q3-bitcoin-backed-loans

The post Bitcoin Whale Addresses Holding 100+ BTC Soar To New High As Citi Projects Bull Run Through 2026 ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp New on-chain data has revealed that Bitcoin whale activity has reached a new peak amid a glowing price performance for the largest cryptocurrency by market capitalization. As whales increase the size of their bets, Citigroup analysts predict that the Bitcoin bull market will continue into 2026, setting the stage for new highs. Bitcoin Whale Addresses With Over 100 BTC Spikes According to on-chain data, the number of addresses holding more than 100 BTC has reached a new all-time high, signaling rising whale accumulation. Currently, Bitcoin addresses with 100+ BTC have surged above the 20,000 mark for the first time in tandem with soaring asset prices. Experts are interpreting the new milestone as evidence of an accumulation spree by institutional investors and other long-term holders. As a result of the increasing purchases, pundits note that the circulating supply of Bitcoin on exchanges is shrinking, creating the perfect conditions for even stronger rallies. A glance at the historical trend reveals that whale addresses have always spiked alongside price spurts, strengthening the case for a sustained bull market. While the number of whales surged in the early years of Bitcoin, their numbers flattened to around 16,000 between 2014 and 2020 despite wild price fluctuations. After 2022, whale addresses rose simultaneously with increases in Bitcoin’s prices, a trend that has remained fairly consistent. Early in the week, Bitcoin whales sent over 15,000 BTC to exchanges, demonstrating their resolve to hold the premier cryptocurrency. Advertisement &nbsp The latest milestone came on the heels of Bitcoin price surpassing $126,000 in a meteoric rally that saw the asset rise by double-digit percentages over the last month. A CNBC surge noted that Bitcoin’s latest surge has created over 70,000 crypto millionaires in the last 12 months, with whales being the biggest winners. Citi…

The post DOJ to Drop Charges Against Roger Ver in $48M Deal appeared on BitcoinEthereumNews.com. Key Highlights The U.S. Department of Justice has agreed to drop all criminal fraud and tax evasion charges against Roger Ver in a $48 million settlement This “deferred-prosecution” agreement means that the government will not go for a complex trial  The government accused Ver of concealing his vast Bitcoin holdings, reportedly over 131,000 BTC in 2014 On October 9, the U.S. Department of Justice agreed to drop its criminal case against Roger Ver, who is an early Bitcoin investor famously known as “Bitcoin Jesus.” JUST IN: 🇺🇸 DOJ agrees to drop fraud and tax evasion charges against Roger Ver as part of a settlement requiring a $48 million payment – NYT. pic.twitter.com/ulPtTVXM2W — Whale Insider (@WhaleInsider) October 9, 2025 According to the latest report, both sides have decided to end the legal battle with a tentative deal. The report suggests that Roger Ver will avoid a further trial and a potential prison sentence that could have reached 109 years.  The resolution requires Roger Ver to pay approximately $48 million in settlement to the Internal Revenue Service (IRS). If he complies with all the terms mentioned in the deferred-prosecution deal, which includes making the full payment and complying with other conditions, the fraud and tax evasion charges against Roger Ver will be dropped. What the Justice Department Says Instead of prolonging the case against Ver, the Department of Justice has decided to choose a path known as a deferred-prosecution agreement. Simply put, it means that the government will not move forward with a full criminal trial for Ver, who faced 8 felony counts. This includes three for mail fraud, two for tax evasion, and three for subscribing to false tax returns.  These charges were based on accusations that Ver hid his real substantial Bitcoin holdings when he gave up his U.S.…

Bitcoin’s recent surge above $126,000 has reignited excitement across the global crypto market, marking its highest level since late summer and setting the stage for what could be a powerful end to the year. Although prices have since eased to around $122,000 as traders took profits, confidence remains strong that the next major move is […] Continue Reading: BTC Expected to Break $146,000 in 2025 – MAGACOIN FINANCE Continues to Outperform its Rivals

Crypto entrepreneur Arthur Hayes predicts that Bitcoin's typical four-year cycle is over as an increased money supply will benefit digital assets.

Bitcoin advocates and industry leaders are increasingly calling for reforms to make cryptocurrency more practical for everyday use. At the forefront is Jack Dorsey, founder of Square, who has proposed a de minimis tax exemption for small BTC transactions to facilitate its adoption as a medium of exchange. Meanwhile, U.S. policymakers and crypto industry supporters [...]