In this episode of the Coin Street headlines, we dive into the latest developments in the cryptocurrency world. Bitcoin has erased its gains for the year, falling below $94,000 and dipping beneath the closing level from the end of 2024. ARK Invest is increasing its exposure to crypto-linked equities, making significant purchases of Bitmine shares across multiple ETFs. The American fast-food chain Steak ‘n Shake is expanding its acceptance of Bitcoin, with plans to have BTC accepted at all locations worldwide. Japan’s financial services agency is set to overhaul its crypto-regulatory framework, classifying digital assets as financial products. We discuss the potential effects of mandatory disclosures and insider trading regulations on the crypto market. Jane King with the latest from the NYSE.
Get the latest news and updates on FINTECH.TV
Thanks, Remy.
Here's a look at your Coin Street headlines.
Bitcoin has erased its gain for the year.
The dominant cryptocurrency fell below 94,000 Sunday, pushing the price beneath the closing level reached at the end of 2024.
Cryptocurrencies rallied this year as the Trump administration was friendly to the industry.
Bitcoin had soared to a record 126,000 on October 6th.
Well Ark Invest has ramped up its exposure to crypto-linked equities, scooping up.
Bitine immersion technologies and bullish shares across several of its exchange traded funds as the markets continue to slide.
According to Arc's daily trade disclosures from Friday, the Arc FinTech Innovation ETF added 18,000 shares of Bitmine.
The Arc Next Generation Internet ETF purchased 34,000 Bitmine shares, while the Ark Innovation ETF added 116,000.
That brings the total purchases for the day to 169,000 shares. $5.8 million.
Well, Steak n Shake, an American fast food restaurant company, first began accepting Bitcoin in May and is now expanding its stores to El Salvador.
The company's chief operations officer Dan Edwards told Coin Telegraph the goal is to have BTC accepted at all of the company's locations worldwide.
The company attributed a nearly 11% gain in same store sales into its decision to start accepting Bitcoin at restaurants, and Japan's financial.
The Services Agency is preparing an overhaul of the country's crypto regulatory framework, moving to classify digital assets as financial products under the Financial Instruments and Exchange Act.
The plan would introduce mandatory disclosures for 105 cryptocurrencies listed on domestic exchanges, including Bitcoin, and bring them under insider trading regulations for the first time.
That's according to a report from Asahi Shinmun, and that is the latest Coin Street headlines.