🟠 Strategy Bitcoin Holdings Hits 640K

Strategy added 196 BTC for $22.1M bringing its total to 640,031 BTC, acquired for $47.35B at $73,983 per coin. Despite a 2.9% six month drop in MSTR stock to $352.33, it’s up 96% yearly and 2,300% in this bull market..

🌐 Swift and Chainlink Enable Onchain Banking Transactions

Chainlink integrated with Swift’s messaging system, allowing banks to trigger onchain fund transactions using existing infrastructure. The product streamlines tokenized fund workflows via Swift’s ISO 20022 messages. The collaboration enhances Swift’s broader efforts in tokenized payments.

📈 Bitcoin Hits 7 Week Highs

Bitcoin surged to $119,450, its highest since August, breaking $117,500 resistance amid expectations of Fed rate cuts following weak US jobs data. October's historical bullish trend “Uptober” and 99% odds of a cut in October fueled the rally.

🇸🇪 Sweden Considers Bitcoin Strategic Reserve

Two Swedish Democrats have proposed that Sweden investigate establishing a strategic Bitcoin reserve to protect against inflation and diversify holdings, arguing it would position the country for shifts in global financial infrastructure.

🏛️ US Senate to Tackle Crypto Taxation

The US Senate Finance Committee is holding a hearing on crypto taxation following the IRS's release of interim guidance. The hearing which could save companies like MicroStrategy billions in tax liability, comes as lawmakers consider the White House's recommendations to recognize crypto as a new asset class and adjust existing tax rules for digital assets.

💻 Crypto Hack Losses Falls in Q3

Crypto hack losses dropped 37% in Q3, down from $803M in Q2, with code vulnerabilities plummeting 71%, per CertiK. Centralized exchanges lost $182M, and DeFi saw $86M in hacks. September hit a record 16 million dollar incidents, driven by phishing and North Korean cyberattacks, increasing the need for stronger security measures.